13F filer · CIK 1767640 ↗
Public Investment Fund
You are looking at Q4 2024. See the latest, Q2 2026 →
Reported value
$26.77B
+0.1% on the quarter before
Positions
62
18 new · 10 sold out
Top 10
76.6%
of the value
Est. gain
−$1.45B
on stocks held all quarter
Est. return
−7.5%
on those stocks since Q3 2024
Positions as of Dec 31, 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 Q3 2024. Striped tiles are options.
Largest buys
Since Q3 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.
- Lucid Group Inc~$1.20BAdded · 18.1% → 20.0%+396,188,386 shares
- Amazon~$100.5MAdded · 0.2% → 0.7%+458,054 shares
- DoorDash~$81.9MNew · 0.0% → 0.3%+488,020 shares
- Coca Cola CoCALL~$52.5MNew · 0.0% → 0.2%+842,500 underlying
- Pfizer IncCALL~$46.2MNew · 0.0% → 0.2%+1,739,600 underlying
- Cme Group IncCALL~$46.1MNew · 0.0% → 0.2%+198,700 underlying
- Intercontinental Exchange InCALL~$41.1MNew · 0.0% → 0.2%+275,800 underlying
- Abbott LabsCALL~$38.9MNew · 0.0% → 0.1%+343,500 underlying
- Unitedhealth Group IncCALL~$34.9MNew · 0.0% → 0.1%+69,000 underlying
- Thermo Fisher Scientific IncCALL~$34.6MNew · 0.0% → 0.1%+66,500 underlying
Largest sells
Since Q3 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.
- Walmart Inc~$153.9MSold out · 0.6% → 0.0%−1,905,531 shares
- Visa Inc.~$40.8MCut · 0.8% → 0.8%−129,096 shares
- Csx CorpCALL~$37.2MSold out · 0.1% → 0.0%−1,076,000 underlying
- Vertex Pharmaceuticals IncCALL~$28.8MSold out · 0.1% → 0.0%−62,000 underlying
- IntuitCALL~$25.2MSold out · 0.1% → 0.0%−40,600 underlying
- Marriott Intl Inc NewCALL~$22.8MSold out · 0.1% → 0.0%−91,900 underlying
- Honeywell TechnologiesCALL~$19.9MCut · 0.1% → 0.0%−88,300 underlying
- AlphabetCALL~$18.0MCut · 0.6% → 0.6%−95,000 underlying
- Biogen IncCALL~$17.4MSold out · 0.1% → 0.0%−89,800 underlying
- T-Mobile Us IncCALL~$16.6MCut · 0.1% → 0.0%−75,000 underlying
Holdings
As of Dec 31, 2024. Changes are in shares against Sep 30, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lucid Group IncCOM · shares +29% · price −14.4% | 20.0% | $5.35B | −$701.1M | ||||||||
| UberCOM · shares 0% · price −19.7% | 16.4% | $4.39B | −$1.08B | ||||||||
| Electronic Arts IncCOM · shares 0% · price +2.0% | 13.6% | $3.63B | +$71.0M | ||||||||
| Take-Two Interactive SoftwarCOM · shares 0% · price +19.8% | 7.8% | $2.10B | +$346.7M | ||||||||
| Arm Holdings PlcCALLSPONSORED ADS · shares 0% | 4.5% | $1.21B | — | ||||||||
| Starbucks CorpCALLCOM · shares 0% | 3.9% | $1.04B | — | ||||||||
| SalesforceCALLCOM · shares +1.6% | 3.1% | $818.7M | — | ||||||||
| Booking Holdings IncCALLCOM · shares 0% | 2.7% | $728.4M | — | ||||||||
| PayPalCALLCOM · shares +1.1% | 2.3% | $627.9M | — | ||||||||
| AmazonCALLCOM · shares −2.5% | 2.3% | $618.4M | — | ||||||||
| CumminsCOM · shares 0% · price +7.7% | 2.1% | $571.4M | +$40.7M | ||||||||
| Linde PlcSHS · shares 0% · price −12.2% | 1.9% | $505.9M | −$70.3M | ||||||||
| MicrosoftCALLCOM · shares −2.1% | 1.8% | $488.5M | — | ||||||||
| AdobeCALLCOM · shares +2.9% | 1.6% | $440.1M | — | ||||||||
| MetaCL A · shares 0% · price +2.3% | 1.6% | $433.3M | +$9.7M | ||||||||
| AMDCALLCOM · shares 0% | 1.6% | $418.6M | — | ||||||||
| Air Prods & Chems IncCOM · shares 0% · price −2.6% | 0.91% | $244.7M | −$6.5M | ||||||||
| MetaCALLCL A · shares +0.03% | 0.82% | $220.4M | — | ||||||||
| NvidiaCALLCOM · shares 0% | 0.80% | $213.5M | — | ||||||||
| Visa Inc.COM CL A · shares −16% · price +14.9% | 0.79% | $212.8M | +$27.7M | ||||||||
| AmazonCOM · shares +134% · price +17.7% | 0.65% | $175.3M | +$11.3M | ||||||||
| PDD HoldingsSPONSORED ADS · shares 0% · price −28.1% | 0.62% | $165.2M | −$64.4M | ||||||||
| PrologisCOM · shares 0% · price −16.3% | 0.61% | $164.0M | −$31.9M | ||||||||
| Pinterest IncCL A · shares 0% · price −10.4% | 0.60% | $160.4M | −$18.6M | ||||||||
| AlphabetCALLCAP STK CL A · shares −11% | 0.56% | $150.8M | — | ||||||||
| Total · 62 positions | 100% | $26.77B | −$1.45B |
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 Q3 2024 to Q4 2024: 26 stocks held throughout, down $1.45B (−7.5%).
- Take-Two Interactive Softwar+$346.7M+20%
- Electronic Arts Inc+$71.0M+2%
- Cummins+$40.7M+8%
- Bloom Energy+$37.9M+110%
- Shopify Inc+$32.7M+33%
- Alibaba−$34.4M−20%
- PDD Holdings−$64.4M−28%
- Linde Plc−$70.3M−12%
- Lucid Group Inc−$701.1M−14%
- Uber−$1.08B−20%
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.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $37.91B+216% | SEC ↗ |
| Q1 2026 | Aug 14, 2026 (amended) | $12.01B−7% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $12.95B−33% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $19.37B−19% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $23.81B−7% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $25.55B−5% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $26.77B+0% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $26.75B+29% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 (amended) | $20.73B+1% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $20.55B−42% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $35.24B−3% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $36.48B−6% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $38.93B+10% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $35.52B+15% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $30.94B−16% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $36.82B−11% | SEC ↗ |
| Q2 2022 | Dec 22, 2022 (amended) | $41.16B−6% | SEC ↗ |
| Q1 2022 | Dec 22, 2022 (amended) | $43.96B−22% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 (amended) | $56.65B+29% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 (amended) | $43.80B+175% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $15.94B+3% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $15.45B+21% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 (amended) | $12.77B+81% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $7.05B−30% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $10.12B+4% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $9.78B+348% | SEC ↗ |
| Q4 2019 | Feb 4, 2020 | $2.18B−48% | SEC ↗ |
| Q3 2019 | Oct 21, 2019 | $4.21B−19% | SEC ↗ |
| Q2 2019 | Aug 6, 2019 | $5.23B+126% | SEC ↗ |
| Q1 2019 | May 13, 2019 | $2.32B−16% | SEC ↗ |
| Q4 2018 | Feb 13, 2019 | $2.75B | SEC ↗ |