13F filer · CIK 1767640 ↗

Public Investment Fund

Yasir Al-RumayyanGovernor

You are looking at Q2 2024. See the latest, Q2 2026 →

Reported value

$20.73B

+0.9% on the quarter before

Positions

1 new · 0 sold out

Top 10

80.7%

of the value

Est. gain

−$417.1M

on stocks held all quarter

Est. return

−2.3%

on those stocks since Q1 2024

Filed

Aug 14, 2024 (amended)

On SEC EDGAR ↗

Positions as of Jun 30, 2024, from Public Investment Fund's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.

Portfolio at a glance

New
Added
Cut
Same
Options

Each tile is a position, sized by its share, colored by what the fund did with it since Q1 2024. Striped tiles are options.

Uber26%

Lucid Group Inc17%

Electronic Arts Inc17%

Take-Two Interactive Softwar8.6%

15 others4.9%

Arm Holdings PlcCALL2.9%

Linde Plc2.6%

Cummins2.2%AMD1.8%Meta1.8%Amazon1.4%

Starbucks Corp1.4%

PayPal1.2%

Pinterest Inc1.2%

Adobe1.1%

Booking Holdings Inc1.1%

PDD Holdings1.1%

Air Prods & Chems Inc1.1%

Microsoft1.0%Visa Inc.1.0%Nvidia0.9%

Fedex Corp0.9%

0.9%

0.7%

Uber26%

Lucid Group Inc17%

Electronic Arts Inc17%

Take-Two Interactive Softwar8.6%

15 others4.9%

Arm Holdings PlcCALL2.9%

Linde Plc2.6%

Cummins2.2%AMD1.8%Meta1.8%Amazon1.4%

Starbucks Corp1.4%

PayPal1.2%

Pinterest Inc1.2%

Adobe1.1%

Booking Holdings Inc1.1%

PDD Holdings1.1%

Air Prods & Chems Inc1.1%

Microsoft1.0%Visa Inc.1.0%Nvidia0.9%

Fedex Corp0.9%

0.9%

0.7%

Largest buys

Since Q1 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

AMDCALL~$199.7MAdded · 0.9% → 1.8%+1,231,200 underlying
NvidiaCALL~$176.8MAdded · 0.7% → 0.9%+1,431,000 underlying
PayPalCALL~$167.0MAdded · 0.5% → 1.2%+2,878,200 underlying
Amazon~$65.9MNew · 0.0% → 0.3%+341,161 shares
MicrosoftCALL~$62.2MAdded · 0.7% → 1.0%+139,100 underlying
MetaCALL~$47.2MAdded · 0.6% → 0.9%+93,700 underlying
Nu Hldgs Ltd~$33.8MAdded · 0.1% → 0.2%+2,625,500 shares
Ermenegildo Zegna N V~$9.0MAdded · 0.2% → 0.2%+764,122 shares

Largest sells

Since Q1 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

Booking Holdings IncCALL~$77.2MCut · 1.4% → 1.1%−19,500 underlying
Cummins~$44.7MCut · 2.6% → 2.2%−161,316 shares
Visa Inc.~$27.9MCut · 1.2% → 1.0%−106,423 shares
Starbucks CorpCALL~$10.8MCut · 1.7% → 1.4%−138,800 underlying
AdobeCALL~$10.5MCut · 1.1% → 1.1%−18,900 underlying
SalesforceCALL~$9.7MCut · 0.7% → 0.6%−37,900 underlying

Holdings

As of Jun 30, 2024. Changes are in shares against Mar 31, 2024, so a price move alone never reads as a buy or a sale.

Positions, sorted by share of the portfolio
#	Holding		% prev	Value	Shares		Price	Prev price
1	UberCOM · shares 0% · price −5.6%	25.5%	27.3%	$5.29B	72.8M	0%	$72.68	$76.99	−5.6%	−$313.9M
2	Lucid Group IncCOM · shares 0% · price −8.4%	17.3%	19.1%	$3.59B	1.37B	0%	$2.61	$2.85	−8.4%	−$329.9M
3	Electronic Arts IncCOM · shares 0% · price +5.0%	16.7%	16.0%	$3.46B	24.8M	0%	$139.33	$132.67	+5.0%	+$165.2M
4	Take-Two Interactive SoftwarCOM · shares 0% · price +4.7%	8.6%	8.2%	$1.77B	11.4M	0%	$155.49	$148.49	+4.7%	+$79.9M
5	Arm Holdings PlcCALLSPONSORED ADS · shares 0%	2.9%	2.2%	$593.2M	3.6Munderlying	0%	—	—	—	—
6	Linde PlcSHS · shares 0% · price −5.5%	2.6%	2.7%	$530.3M	1.2M	0%	$438.81	$464.32	−5.5%	−$30.8M
7	CumminsCOM · shares −9.0% · price −6.0%	2.2%	2.6%	$453.9M	1.6M	−9.0%	$276.93	$294.65	−6.0%	−$29.0M
8	AMDCALLCOM · shares +114%	1.8%	0.95%	$374.5M	2.3Munderlying	+114%	—	—	—	—
9	MetaCL A · shares 0% · price +3.8%	1.8%	1.7%	$373.1M	740,013	0%	$504.22	$485.58	+3.8%	+$13.8M
10	AmazonCALLCOM · shares 0%	1.4%	1.3%	$296.3M	1.5Munderlying	0%	—	—	—	—
11	Starbucks CorpCALLCOM · shares −3.6%	1.4%	1.7%	$286.2M	3.7Munderlying	−3.6%	—	—	—	—
12	PayPalCALLCOM · shares +208%	1.2%	0.45%	$247.3M	4.3Munderlying	+208%	—	—	—	—
13	Pinterest IncCL A · shares 0% · price +27.1%	1.2%	0.93%	$243.8M	5.5M	0%	$44.07	$34.67	+27.1%	+$52.0M
14	AdobeCALLCOM · shares −4.3%	1.1%	1.1%	$235.3M	423,500underlying	−4.3%	—	—	—	—
15	Booking Holdings IncCALLCOM · shares −25%	1.1%	1.4%	$230.6M	58,200underlying	−25%	—	—	—	—
16	PDD HoldingsSPONSORED ADS · shares 0% · price +14.4%	1.1%	0.96%	$226.5M	1.7M	0%	$132.95	$116.25	+14.4%	+$28.4M
17	Air Prods & Chems IncCOM · shares 0% · price +6.5%	1.1%	0.99%	$217.7M	843,539	0%	$258.05	$242.27	+6.5%	+$13.3M
18	MicrosoftCALLCOM · shares +41%	1.0%	0.70%	$215.0M	481,000underlying	+41%	—	—	—	—
19	Visa Inc.COM CL A · shares −12% · price −6.0%	1.0%	1.2%	$210.6M	802,292	−12%	$262.47	$279.08	−6.0%	−$13.3M
20	NvidiaCALLCOM · shares +900%	0.95%	0.70%	$196.4M	1.6Munderlying	+900%	—	—	—	—
21	Fedex CorpCOM · shares 0% · price +3.5%	0.91%	0.89%	$189.6M	632,414	0%	$299.84	$289.74	+3.5%	+$6.4M
22	MetaCALLCL A · shares +35%	0.88%	0.63%	$182.5M	362,000underlying	+35%	—	—	—	—
23	Avery Dennison CorpCOM · shares 0% · price −2.1%	0.69%	0.71%	$143.2M	655,056	0%	$218.65	$223.25	−2.1%	−$3.0M
24	AlphabetCALLCAP STK CL A · shares 0%	0.69%	0.57%	$142.2M	780,800underlying	0%	—	—	—	—
25	PrologisCOM · shares 0% · price −13.8%	0.63%	0.73%	$129.6M	1.2M	0%	$112.31	$130.22	−13.8%	−$20.7M
	Total · 39 positions	100%		$20.73B						−$417.1M

The filing on SEC EDGAR ↗

Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.

What made money

From Q1 2024 to Q2 2024: 26 stocks held throughout, down $417.1M (−2.3%).

Electronic Arts Inc+$165.2M+5%
Take-Two Interactive Softwar+$79.9M+5%
Pinterest Inc+$52.0M+27%
PDD Holdings+$28.4M+14%
Sea+$14.8M+33%
Multiplan Corporation−$21.7M−52%
Cummins−$29.0M−6%
Linde Plc−$30.8M−5%
Uber−$313.9M−6%
Lucid Group Inc−$329.9M−8%

Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.

Reported value by quarter

The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.

$60.00B$30.00B$0

Q4 201831 quartersQ2 2026

Every quarter's filing

Each quarter's 13F filing, newest first
Quarter	Filed	Reported value	Positions	Filing
Q2 2026	Aug 14, 2026	$37.91B+216%	5	SEC ↗
Q1 2026	Aug 14, 2026 (amended)	$12.01B−7%	4	SEC ↗
Q4 2025	Feb 17, 2026	$12.95B−33%	5	SEC ↗
Q3 2025	Nov 14, 2025	$19.37B−19%	6	SEC ↗
Q2 2025	Aug 14, 2025	$23.81B−7%	57	SEC ↗
Q1 2025	May 15, 2025	$25.55B−5%	64	SEC ↗
Q4 2024	Feb 14, 2025	$26.77B+0%	62	SEC ↗
Q3 2024	Nov 14, 2024	$26.75B+29%	54	SEC ↗
Q2 2024	Aug 14, 2024 (amended)	$20.73B+1%	39	SEC ↗
Q1 2024	May 15, 2024	$20.55B−42%	38	SEC ↗
Q4 2023	Feb 14, 2024	$35.24B−3%	50	SEC ↗
Q3 2023	Nov 14, 2023	$36.48B−6%	52	SEC ↗
Q2 2023	Aug 14, 2023	$38.93B+10%	51	SEC ↗
Q1 2023	May 15, 2023	$35.52B+15%	52	SEC ↗
Q4 2022	Feb 14, 2023	$30.94B−16%	53	SEC ↗
Q3 2022	Nov 14, 2022	$36.82B−11%	53	SEC ↗
Q2 2022	Dec 22, 2022 (amended)	$41.16B−6%	54	SEC ↗
Q1 2022	Dec 22, 2022 (amended)	$43.96B−22%	38	SEC ↗
Q4 2021	Feb 14, 2022 (amended)	$56.65B+29%	36	SEC ↗
Q3 2021	Nov 15, 2021 (amended)	$43.80B+175%	33	SEC ↗
Q2 2021	Aug 16, 2021	$15.94B+3%	13	SEC ↗
Q1 2021	May 17, 2021	$15.45B+21%	13	SEC ↗
Q4 2020	Feb 16, 2021 (amended)	$12.77B+81%	12	SEC ↗
Q3 2020	Nov 16, 2020	$7.05B−30%	7	SEC ↗
Q2 2020	Aug 14, 2020	$10.12B+4%	12	SEC ↗
Q1 2020	May 15, 2020	$9.78B+348%	24	SEC ↗
Q4 2019	Feb 4, 2020	$2.18B−48%	2	SEC ↗
Q3 2019	Oct 21, 2019	$4.21B−19%	2	SEC ↗
Q2 2019	Aug 6, 2019	$5.23B+126%	2	SEC ↗
Q1 2019	May 13, 2019	$2.32B−16%	1	SEC ↗
Q4 2018	Feb 13, 2019	$2.75B	1	SEC ↗