In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Public Investment Fund reported 26 stock positions worth $19.5 billion . Its top holding was Uber Technologies (UBER) at 28.1% of the portfolio, followed by Lucid (LCID, 24.9% ) and Electronic Arts (EA, 18.3% ). Compared with Q2 2024, it added to 1 and reduced 1. The biggest buy was Prologis (PLD, shares +34% ) and the biggest sale FedEx (FDX, shares −21% ).
Location AL AQIQ DISTRICT, RIYADH, T0
CIK 0001767640
Portfolio Value $19.5B (Q3 2024) Holdings 26 stocks · $19.5B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 UBER Uber Technologies Inc. 72,840,541 $5.5B No change LCID Lucid Group Inc. 1,374,700,298 $4.9B No change EA Electronic Arts Inc. 24,807,932 $3.6B No change TTWO Take-Two Interactive Softwre 11,414,680 $1.8B No change LIN Linde PLC 1,208,396 $576.2M No change CMI Cummins Inc. 1,638,985 $530.7M No change META Meta Platforms Inc. Class A 740,013 $423.6M No change APD Air Products & Chemicals Inc. 843,539 $251.2M No change PDD PDD Holdings Inc. 1,703,275 $229.6M No change V Visa Inc. Class A 802,292 $220.6M No change PLD Prologis Inc. 1,551,865 $196.0M Add +34.5% PINS Pinterest Inc. Class A 5,532,193 $179.1M No change BABA Alibaba Group Holding-SP ADR 1,610,654 $170.9M No change WMT Walmart Inc. 1,905,531 $153.9M No change AVY Avery Dennison Corp. 655,056 $144.6M No change PYPL PayPal Holdings Inc. 1,759,249 $137.3M No change FDX FedEx Corp. 498,164 $136.3M Reduce -21.2% SHOP Shopify Inc. Class A 1,250,000 $100.2M No change ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 354,385 $79.6M No change SE Sea Ltd.-ADR 833,335 $78.6M No change AMZN Amazon.com Inc. 341,161 $63.6M No change NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3,802,480 $51.9M No change ZGN Ermenegildo Zegna NV 3,710,196 $36.5M No change BE Bloom Energy Corp. Class A 3,257,398 $34.4M No change BLDP Ballard Power Systems Inc. 7,046,900 $12.7M No change CTEV Claritev Corp. filed as MULTIPLAN CORPORATION 1,281,250 $9.8M No change
Options reported separately and not counted above: ARM calls ($1.4B), SBUX calls ($1.1B), CRM calls ($659.7M), BKNG calls ($617.5M), AMD calls ($568.6M), PYPL calls ($567.6M), AMZN calls ($538.9M), MSFT calls ($509.3M), ADBE calls ($497.7M), META calls ($215.5M), NVDA calls ($193.1M), GOOGL calls ($147.9M), and 15 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $46K (not counted above) Security Class Shares / Principal Value Change ALURW Allurion Technologies-28 *W EXP 08/01/203 1,148,436 $46K No change
Total filed on the 13F, all lines: $19.5B.
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ FDX FedEx Corp. Reduce -21.2% 0.70% −0.38
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ PLD Prologis Inc. Add +34.5% 1.01% +0.27
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ ARM Arm Holdings PLC-ADR call Add +170.1% 9,790,800 $1.4B SBUX Starbucks Corp. call Add +209.2% 11,365,400 $1.1B CRM Salesforce Inc. call Add +413.8% 2,410,300 $659.7M BKNG Booking Holdings Inc. call Add +151.9% 146,600 $617.5M AMD Advanced Micro Devices call Add +50.1% 3,465,500 $568.6M PYPL PayPal Holdings Inc. call Add +70.7% 7,273,500 $567.6M AMZN Amazon.com Inc. call Add +88.6% 2,892,300 $538.9M MSFT Microsoft Corp. call Add +146.1% 1,183,600 $509.3M ADBE Adobe Inc. call Add +127.0% 961,300 $497.7M META Meta Platforms Inc. Class A call Add +4.0% 376,400 $215.5M GOOGL Alphabet Inc. Class A call Add +14.2% 891,600 $147.9M CSX CSX Corp. call New 1,076,000 $37.2M VRTX Vertex Pharmaceuticals Inc. call New 62,000 $28.8M TMUS T-Mobile US Inc. call New 128,500 $26.5M HON Honeywell International Inc. call New 122,400 $25.3M INTU Intuit Inc. call New 40,600 $25.2M MAR Marriott International Class A call New 91,900 $22.8M BIIB Biogen Inc. call New 89,800 $17.4M AVGO Broadcom Inc. call New 94,500 $16.3M CRWD CrowdStrike Holdings Inc. Class A call New 49,800 $14.0M CMCSA Comcast Corp. Class A call New 290,800 $12.1M AMAT Applied Materials Inc. call New 43,200 $8.7M NFLX Netflix Inc. call New 11,500 $8.2M ASML ASML Holding NV-NY Reg SHS call New 9,700 $8.1M LULU Lululemon Athletica Inc. call New 26,900 $7.3M MELI MercadoLibre Inc. call New 3,500 $7.2M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 5 $37.9B SPCX, UBER, EA, LCID, CTEV Q1 2026 Amended 4 $12.0B UBER, EA, LCID, CTEV Q4 2025 4 $12.9B UBER, EA, LCID, CTEV Q3 2025 5 $19.4B UBER, EA, LCID, TTWO, CTEV Q2 2025 14 $18.1B UBER, EA, LCID, TTWO, CMI Q1 2025 25 $19.5B UBER, LCID, EA, TTWO, LIN Q4 2024 26 $19.2B LCID, UBER, EA, TTWO, CMI Q3 2024 26 $19.5B UBER, LCID, EA, TTWO, LIN Q2 2024 Amended 26 $17.6B UBER, LCID, EA, TTWO, LIN Q1 2024 25 $18.0B UBER, LCID, EA, TTWO, LIN