Public Investment Fund
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Public Investment Fund reported 26 stock positions worth $19.2 billion. Its top holding was Lucid (LCID) at 27.8% of the portfolio, followed by Uber Technologies (UBER, 22.8%) and Electronic Arts (EA, 18.9%). Compared with Q3 2024, it opened 1 new position, sold out of 1, added to 4 and reduced 1. The biggest buy was Lucid (LCID, shares +29%) and the biggest sale an exit from Walmart (WMT).
- Most Recent 13F
- Q2 2026
- Location
- AL AQIQ DISTRICT, RIYADH, T0
- CIK
- 0001767640
- Portfolio Value
- $19.2B (Q4 2024)
- SEC Filing
- 0001011438-25-000153 ↗ filed Feb 14, 2025
Holdings Value
Holdings 26 stocks · $19.2B
| LCID Lucid Group Inc. | 27.79% | 1,770,888,684 | $5.3B | Add +28.8% |
| UBER Uber Technologies Inc. | 22.83% | 72,840,541 | $4.4B | No change |
| EA Electronic Arts Inc. | 18.86% | 24,807,932 | $3.6B | No change |
| TTWO Take-Two Interactive Softwre | 10.92% | 11,414,680 | $2.1B | No change |
| CMI Cummins Inc. | 2.97% | 1,638,985 | $571.4M | No change |
| LIN Linde PLC | 2.63% | 1,208,396 | $505.9M | No change |
| META Meta Platforms Inc. Class A | 2.25% | 740,013 | $433.3M | No change |
| APD Air Products & Chemicals Inc. | 1.27% | 843,539 | $244.7M | No change |
| V Visa Inc. Class A | 1.11% | 673,196 | $212.8M | Reduce -16.1% |
| AMZN Amazon.com Inc. | 0.91% | 799,215 | $175.3M | Add +134.3% |
| PDD PDD Holdings Inc. | 0.86% | 1,703,275 | $165.2M | No change |
| PLD Prologis Inc. | 0.85% | 1,551,865 | $164.0M | No change |
| PINS Pinterest Inc. Class A | 0.83% | 5,532,193 | $160.4M | No change |
| PYPL PayPal Holdings Inc. | 0.78% | 1,759,249 | $150.2M | No change |
| FDX FedEx Corp. | 0.73% | 498,164 | $140.1M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.71% | 1,610,654 | $136.6M | No change |
| SHOP Shopify Inc. Class A | 0.69% | 1,250,000 | $132.9M | No change |
| AVY Avery Dennison Corp. | 0.64% | 655,056 | $122.6M | No change |
| SE Sea Ltd.-ADR | 0.46% | 833,335 | $88.4M | No change |
| DASH DoorDash Inc. Class A | 0.43% | 488,020 | $81.9M | New |
| BE Bloom Energy Corp. Class A | 0.38% | 3,257,398 | $72.3M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.37% | 6,825,796 | $70.7M | Add +79.5% |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 0.34% | 354,385 | $65.5M | No change |
| ZGN Ermenegildo Zegna NV | 0.25% | 5,834,324 | $48.2M | Add +57.3% |
| CTEV Claritev Corp. filed as MULTIPLAN CORPORATION | 0.10% | 1,281,250 | $18.9M | No change |
| BLDP Ballard Power Systems Inc. | 0.06% | 7,046,900 | $11.7M | No change |
Options reported separately and not counted above: ARM calls ($1.2B), SBUX calls ($1.0B), CRM calls ($818.7M), BKNG calls ($728.4M), PYPL calls ($627.9M), AMZN calls ($618.4M), MSFT calls ($488.5M), ADBE calls ($440.1M), AMD calls ($418.6M), META calls ($220.4M), NVDA calls ($213.5M), GOOGL calls ($150.8M), and 23 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $34K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 1,148,436 | $34K | No change |
Total filed on the 13F, all lines: $19.2B.
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
Options Activity Q3 2024 → Q4 2024
| CRM Salesforce Inc. | call | Add +1.6% | 2,448,700 | $818.7M |
| PYPL PayPal Holdings Inc. | call | Add +1.1% | 7,356,400 | $627.9M |
| AMZN Amazon.com Inc. | call | Reduce -2.5% | 2,818,700 | $618.4M |
| MSFT Microsoft Corp. | call | Reduce -2.1% | 1,158,900 | $488.5M |
| ADBE Adobe Inc. | call | Add +2.9% | 989,600 | $440.1M |
| META Meta Platforms Inc. Class A | call | Add +0.0% | 376,500 | $220.4M |
| GOOGL Alphabet Inc. Class A | call | Reduce -10.7% | 796,600 | $150.8M |
| KO The Coca-Cola Co. | call | New | 842,500 | $52.5M |
| PFE Pfizer Inc. | call | New | 1,739,600 | $46.2M |
| CME Cme Group Inc. | call | New | 198,700 | $46.1M |
| ICE Intercontinental Exchange Inc. | call | New | 275,800 | $41.1M |
| ABT Abbott Laboratories | call | New | 343,500 | $38.9M |
| CSX CSX Corp. | call | Sold out | 1,076,000 | $37.2Mbefore exit |
| UNH Unitedhealth Group Inc. | call | New | 69,000 | $34.9M |
| TMO Thermo Fisher Scientific Inc. | call | New | 66,500 | $34.6M |
| DHR Danaher Corp. | call | New | 142,000 | $32.6M |
| NKE Nike Inc. Class B | call | New | 423,300 | $32.0M |
| ZTS Zoetis Inc. | call | New | 193,500 | $31.5M |
| VRTX Vertex Pharmaceuticals Inc. | call | Sold out | 62,000 | $28.8Mbefore exit |
| REGN Regeneron Pharmaceuticals | call | New | 37,100 | $26.4M |
| INTU Intuit Inc. | call | Sold out | 40,600 | $25.2Mbefore exit |
| KLAC KLA Corp. | call | New | 38,100 | $24.0M |
| MAR Marriott International Class A | call | Sold out | 91,900 | $22.8Mbefore exit |
| BIIB Biogen Inc. | call | Sold out | 89,800 | $17.4Mbefore exit |
| AZN Astrazeneca PLC-Spons ADR | call | New | 264,300 | $17.3M |
| AVGO Broadcom Inc. | call | Sold out | 94,500 | $16.3Mbefore exit |
| LLY Eli Lilly & Co. | call | New | 18,200 | $14.1M |
| CI The Cigna Group | call | New | 50,700 | $14.0M |
| CMCSA Comcast Corp. Class A | call | Sold out | 290,800 | $12.1Mbefore exit |
| TMUS T-Mobile US Inc. | call | Reduce -58.4% | 53,500 | $11.8M |
| CRWD CrowdStrike Holdings Inc. Class A | call | Reduce -33.1% | 33,300 | $11.4M |
| MELI MercadoLibre Inc. | call | Add +80.0% | 6,300 | $10.7M |
| LRCX Lam Research Corp. | call | New | 139,500 | $10.1M |
| MU Micron Technology Inc. | call | New | 110,000 | $9.3M |
| AMAT Applied Materials Inc. | call | Sold out | 43,200 | $8.7Mbefore exit |
| ASML ASML Holding NV-NY Reg SHS | call | Sold out | 9,700 | $8.1Mbefore exit |
| HON Honeywell International Inc. | call | Reduce -72.1% | 34,100 | $7.7M |
| NFLX Netflix Inc. | call | Reduce -48.7% | 5,900 | $5.3M |
| LULU Lululemon Athletica Inc. | call | Reduce -76.6% | 6,300 | $2.4M |
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 2026Amended | 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 2024Amended | 26 | $17.6B | UBER, LCID, EA, TTWO, LIN |
| Q1 2024 | 25 | $18.0B | UBER, LCID, EA, TTWO, LIN |