Logo of PIF
The Public Investment Fund (PIF) reduced its holding of US equities from $55.9 billion in Q4 2021 to $43.6 billion in Q1 2022, according to a Securities and Exchange Commission filing.
The Kingdom’s sovereign wealth fund cut its stake in three companies, namely Visa Inc, Plug Power, and Walmart.
On the other hand, the fund raised its stake in four companies, namely Take-Two Interactive, PayPal, Alibaba, and Farfetch Ltd.
In addition, PIF invested in five new companies and exited from only one company, as the following table illustrates the fund’s holding of US equities at the end of Q1 2022:
|
PIF Investment Details |
|||||
|
Company |
Equity by end of Q4 2021 (‘000 shares) |
Value by end of Q4 2021 ($ mln) |
Equity by end of Q1 2022 (‘000 shares) |
Value by end of Q1 2022 ($ mln) |
Change (‘000 shares) |
|
Lucid Group |
1015252.52 |
38630.36 |
1015252.52 |
25787.41 |
-- |
|
Activision Blizzard |
37870.00 |
2519.49 |
37870.00 |
3033.77 |
-- |
|
Uber |
72840.54 |
3054.20 |
72840.54 |
2598.95 |
-- |
|
SPDR Utilities Sector |
32986.50 |
2361.17 |
32986.50 |
2456.18 |
-- |
|
Electronic Arts Inc |
14210.00 |
1874.29 |
14210.00 |
1797.71 |
-- |
|
Take-Two Interactive |
5640.00 |
1002.34 |
11414.68 |
1754.89 |
5774.68+ |
|
Live Nation |
12565.17 |
1503.92 |
12565.17 |
1478.17 |
-- |
|
Carnival |
50830.93 |
939.86 |
50830.93 |
1027.80 |
-- |
|
Cummins Inc |
1800.30 |
392.72 |
1800.30 |
369.26 |
-- |
|
Visa Inc |
1758.78 |
381.15 |
1428.78 |
316.86 |
(330.00) |
|
Automatic Data Processing |
1481.84 |
365.39 |
1481.84 |
337.18 |
-- |
|
FedEx Corp |
1127.43 |
291.59 |
1127.43 |
260.88 |
-- |
|
MultiPlan |
51250.00 |
227.04 |
51250.00 |
239.85 |
-- |
|
Air Products & Chemicals |
727.34 |
221.30 |
727.34 |
181.77 |
-- |
|
Avery Dennison Corp |
848.66 |
183.79 |
848.66 |
147.64 |
-- |
|
ProLogis |
814.72 |
137.17 |
814.72 |
131.56 |
-- |
|
Plug Power |
9827.36 |
277.42 |
5670.92 |
162.25 |
(4156.44) |
|
NovaGold |
16137.70 |
110.70 |
16137.70 |
124.74 |
-- |
|
Walmart |
1658.00 |
239.89 |
790.24 |
117.68 |
(867.76) |
|
Ballard Power Systems |
9709.90 |
121.96 |
9709.90 |
113.02 |
-- |
|
Alibaba |
697.07 |
82.80 |
1035.68 |
112.68 |
+ 338.61 |
|
PayPal |
677.73 |
127.81 |
910.93 |
105.35 |
233.2+ |
|
|
4052.16 |
147.29 |
4052.16 |
99.72 |
-- |
|
Shopify |
125.00 |
172.17 |
125.00 |
84.50 |
-- |
|
Compute Health Acquisition |
7500.00 |
74.55 |
7500.00 |
74.25 |
-- |
|
Pinduoduo |
1539.39 |
89.75 |
1539.39 |
61.75 |
-- |
|
Beijing Ltd. |
317.68 |
86.07 |
317.69 |
59.92 |
-- |
|
Hyzon Motors |
8033.48 |
52.14 |
8033.48 |
51.33 |
-- |
|
Coupang Inc |
2857.14 |
83.94 |
2857.14 |
50.51 |
-- |
|
Farfetch Ltd. |
3314.19 |
110.79 |
3314.20 |
50.11 |
3011.42+ |
|
MultiPlan W EXP 02/13/202 |
2500.00 |
3.18 |
2500.00 |
2.76 |
-- |
|
Just Eat Takeaway.com |
2750.98 |
. 2960 |
-- |
-- |
(2750.98) |
|
PIF’s new investments |
||
|
Company |
Equity (‘000 shares) |
Value ($ mln) |
|
Carnival |
40000.00 |
83.90 |
|
Babylon |
35410.79 |
137.75 |
|
SIGNA Sports United NV |
5000.00 |
40.00 |
|
Meta platforms |
418.66 |
93.09 |
|
Sea Ltd |
239.44 |
28.68 |
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