Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) invested in 17 new companies in the US market during the second quarter of 2022, including JPMorgan Chase & Co., BlackRock, Amazon and Microsoft.
It reduced its holding of US equities from $43.6 billion in Q1 2022 to $40.8 billion in Q2 2022, according to a Securities and Exchange Commission filing.
The Kingdom’s sovereign wealth fund raised its stake in five companies, namely Electronic Arts Inc., Air Products & Chemicals, PayPal, Meta Platforms, and Shopify.
On the other hand, the fund cut its stake in only one company, namely Visa Inc.
The following table illustrates the fund’s holding of US equities at the end of Q2 2022:
|
PIF Investment Details |
|||||
|
Company |
Equity by Q1 2022 (‘000 shares) |
Value by Q1 2022 ($ mln) |
Equity by Q2 2022 (‘000 shares) |
Value by Q2 2022 ($ mln) |
Change (‘000 shares) |
|
Lucid Group |
1015252.52 |
25787.41 |
1015252.52 |
17421.73 |
-- |
|
Activision Blizzard |
37870.00 |
3033.77 |
37870.00 |
2948.56 |
-- |
|
SPDR Utilities Sector |
32986.50 |
2456.18 |
32986.50 |
2313.34 |
-- |
|
Electronic Arts Inc |
14210.00 |
1797.71 |
16011.84 |
1947.84 |
1801.84+ |
|
Uber |
72840.54 |
2598.95 |
72840.54 |
1490.32 |
-- |
|
Take-Two Interactive |
11414.68 |
1754.89 |
11414.68 |
1398.64 |
-- |
|
Live Nation |
12565.17 |
1478.17 |
12565.17 |
1037.63 |
-- |
|
Air Products & Chemicals |
727.34 |
181.77 |
2685.33 |
645.77 |
1957.99+ |
|
PayPal |
910.93 |
105.35 |
7058.41 |
492.96 |
6147.48+ |
|
Meta Platforms |
418.66 |
93.09 |
2940.72 |
474.19 |
2522.06+ |
|
Carnival |
50830.93 |
1027.80 |
50830.93 |
439.69 |
|
|
Cummins Inc |
1800.30 |
369.26 |
1800.30 |
348.41 |
-- |
|
Automatic Data Processing |
1481.84 |
337.18 |
1481.84 |
311.25 |
-- |
|
MultiPlan |
51250.00 |
239.85 |
51250.00 |
281.36 |
-- |
|
FedEx Corp |
1127.43 |
260.88 |
1127.43 |
255.60 |
-- |
|
Visa Inc |
1428.78 |
316.86 |
1101.27 |
216.83 |
(327.51) |
|
Avery Dennison Corp |
848.66 |
147.64 |
848.66 |
137.37 |
-- |
|
Alibaba |
1035.68 |
112.68 |
1035.68 |
117.74 |
-- |
|
Walmart |
790.24 |
117.68 |
790.24 |
96.08 |
|
|
ProLogis |
814.72 |
131.56 |
814.72 |
95.85 |
-- |
|
Pinduoduo |
1539.39 |
61.75 |
1539.39 |
95.13 |
-- |
|
Plug Power |
5670.92 |
162.25 |
5670.92 |
93.97 |
-- |
|
NovaGold |
16137.70 |
124.74 |
16137.70 |
77.62 |
-- |
|
Compute Health Acquisition |
7500.00 |
74.25 |
7500.00 |
73.88 |
-- |
|
|
4052.16 |
99.72 |
4052.16 |
73.59 |
-- |
|
Ballard Power Systems |
9709.90 |
113.02 |
9709.90 |
61.17 |
-- |
|
Beijing Ltd. |
317.69 |
59.92 |
317.69 |
51.42 |
-- |
|
Carnival NOTE 5.750% 4/0 |
40000.00 |
83.90 |
40000.00 |
44.78 |
-- |
|
Shopify |
125.00 |
84.50 |
1250.00 |
39.05 |
1125.00+ |
|
Coupang Inc |
2857.14 |
50.51 |
2857.14 |
36.43 |
-- |
|
Babylon |
35410.79 |
137.75 |
35410.79 |
34.63 |
-- |
|
SIGNA Sports United NV |
5000.00 |
40.00 |
5000.00 |
32.50 |
-- |
|
Farfetch Ltd. |
3314.20 |
50.11 |
3314.20 |
23.73 |
-- |
|
Hyzon Motors |
8033.48 |
51.33 |
8033.48 |
23.62 |
-- |
|
Sea Ltd |
239.44 |
28.68 |
239.44 |
16.01 |
-- |
|
MultiPlan W EXP 02/13/202 |
2500.00 |
2.76 |
2500.00 |
2.75 |
-- |
|
PIF’s new investments |
||
|
Company |
Equity (‘000 shares) |
Value ($ mln) |
|
Adobe Systems Incorporated |
1147.30 |
419.98 |
|
Zoom Video Communications |
4697.68 |
507.21 |
|
Costco Wholesale Corp New |
1036.58 |
496.81 |
|
NextEra Energy |
6368.00 |
493.27 |
|
American Tower Corp New |
1893.00 |
483.83 |
|
Starbucks |
6313.30 |
482.27 |
|
Microsoft |
1845.51 |
473.98 |
|
Alphabit |
213.00 |
464.18 |
|
The Home Depot |
1641.98 |
450.35 |
|
BlackRock |
741.69 |
451.72 |
|
Salesforce |
2650.22 |
437.39 |
|
JP Morgan Chase & Co. |
3851.05 |
433.67 |
|
Amazon.com |
4067.65 |
432.03 |
|
Datadog |
4498.85 |
428.47 |
|
Advanced Micro Devices |
4702.06 |
359.57 |
|
Freeport-McMoRan |
12895.47 |
377.32 |
|
Booking Holdings Inc. |
213.48 |
373.37 |
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