13F filer · CIK 1767640 ↗
Public Investment Fund
You are looking at Q3 2025. See the latest, Q2 2026 →
Reported value
$19.37B
−19% on the quarter before
Positions
6
1 new · 52 sold out
Top 10
100.0%
of the value
Est. gain
+$1.57B
on stocks held all quarter
Est. return
+11.5%
on those stocks since Q2 2025
Positions as of Sep 30, 2025, 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 Q2 2025. Striped tiles are options.
Largest buys
Since Q2 2025, 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~$4.21BNew · 0.0% → 21.7%+177,088,867 shares
Largest sells
Since Q2 2025, 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~$3.74BSold out · 15.7% → 0.0%−1,770,888,684 shares
- Arm Holdings PlcCALL~$1.45BSold out · 6.1% → 0.0%−8,967,300 underlying
- Cummins~$358.8MSold out · 1.5% → 0.0%−1,095,578 shares
- Unitedhealth Group IncCALL~$309.6MSold out · 1.3% → 0.0%−992,400 underlying
- Eli LillyCALL~$274.6MSold out · 1.2% → 0.0%−352,300 underlying
- Linde Plc~$204.7MSold out · 0.9% → 0.0%−436,350 shares
- NvidiaCALL~$191.2MSold out · 0.8% → 0.0%−1,210,400 underlying
- Vertex Pharmaceuticals IncCALL~$190.2MSold out · 0.8% → 0.0%−427,300 underlying
- MastercardCALL~$188.4MSold out · 0.8% → 0.0%−335,300 underlying
- Schwab Charles CorpCALL~$186.9MSold out · 0.8% → 0.0%−2,048,700 underlying
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| UberCOM · shares 0% · price +5.0% | 36.8% | $7.14B | +$340.2M | ||||||||
| Electronic Arts IncCOM · shares 0% · price +26.3% | 25.8% | $5.00B | +$1.04B | ||||||||
| Lucid Group IncCOM NEW · shares New | 21.7% | $4.21B | — | ||||||||
| Take-Two Interactive SoftwarCOM · shares 0% · price +6.4% | 15.2% | $2.95B | +$177.0M | ||||||||
| Claritev CorporationCL A NEW · shares 0% · price +17.6% | 0.35% | $68.0M | +$10.2M | ||||||||
| Allurion Technologies Inc*W EXP 08/01/203 · shares 0% · price −14.0% | 0.00% | $31,008 | −$5,053 | ||||||||
| Total · 6 positions | 100% | $19.37B | +$1.57B |
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 Q2 2025 to Q3 2025: 5 stocks held throughout, up $1.57B (+11.5%).
- Electronic Arts Inc+$1.04B+26%
- Uber+$340.2M+5%
- Take-Two Interactive Softwar+$177.0M+6%
- Claritev Corporation+$10.2M+18%
- Allurion Technologies Inc−$5,053−14%
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 ↗ |