AI Summary
The Public Investment Fund (PIF) reduced its holdings in US equities to $19.4 billion in Q3 2025 from $23.8 billion in the previous quarter, according to a US Securities and Exchange Commission (SEC) filing.
The Kingdom’s sovereign wealth fund exited nine companies and all options contracts of 42 companies. The fund, however, maintained its holdings in six firms; Lucid Group, Electronic Arts, Uber, Take-Two Interactive, Allurion Technologies, and Clarivate.
Lucid Group executed a 1-for-10 reverse stock split in September 2025, reducing its authorized share capital to 1.5 billion shares from 15 billion.
|
PIF’s Holdings in US Stocks |
|||||||
|
Company |
Symbol |
Q2 Holdings (mln) |
Q3 Holdings (mln |
Change (mln) |
Q2 Value ($ mln) |
Q3 Value ($ mln) |
Change ($ mln) |
|
Lucid Group* |
LCID |
1770.9 |
177.1 |
-- |
3736.6 |
4212.9 |
476.3 |
|
Electronic Arts |
EA |
24.8 |
24.8 |
-- |
3961.8 |
5003.8 |
1042.0 |
|
Uber |
UBER |
72.8 |
72.8 |
-- |
6796.0 |
7136.2 |
340.2 |
|
Take-Two Interactive |
TTWO |
11.4 |
11.4 |
-- |
2772.1 |
2949.1 |
177.0 |
|
Air Products & Chemicals |
APD |
0.3 |
-- |
(0.3) |
75.6 |
-- |
-- |
|
Cummins Inc. |
CMI |
1.1 |
-- |
(1.1) |
358.8 |
-- |
-- |
|
Visa Inc. |
V |
0.2 |
-- |
(0.2) |
69.8 |
-- |
-- |
|
Avery Dennison |
AVY |
0.2 |
-- |
(0.2) |
40.6 |
-- |
-- |
|
Walmart** |
WMT |
0.2 |
-- |
(0.2) |
24.2 |
-- |
-- |
|
Prologis |
PLD |
0.02 |
-- |
(0.0) |
0.3 |
-- |
-- |
|
|
PINS |
0.2 |
-- |
(0.2) |
7.5 |
-- |
-- |
|
Adobe Systems** |
ADBE |
0.2 |
-- |
(0.2) |
108.5 |
-- |
-- |
|
Microsoft** |
MSFT |
0.09 |
-- |
(0.1) |
46.5 |
-- |
-- |
|
Alphabet** |
GOOGL |
0.7 |
-- |
(0.7) |
131.6 |
-- |
-- |
|
Salesforce** |
CRM |
0.1 |
-- |
(0.1) |
40.4 |
-- |
-- |
|
Amazon.com** |
AMZN |
0.5 |
-- |
(0.5) |
119.1 |
-- |
-- |
|
AMD** |
AMD |
0.9 |
-- |
(0.9) |
133.1 |
-- |
-- |
|
Booking Holdings** |
BKNG |
0.02 |
-- |
(0.0) |
117.5 |
-- |
-- |
|
Linde PLC |
LIN |
0.4 |
-- |
(0.4) |
204.7 |
-- |
-- |
|
Bloom Energy |
BE |
1.5 |
-- |
(1.5) |
36.1 |
-- |
-- |
|
PDD Holdings |
PDD |
0.1 |
-- |
(0.1) |
17.0 |
-- |
-- |
|
PDD Holdings** |
PDD |
1.3 |
-- |
(1.3) |
140.6 |
-- |
-- |
|
Allurion Technologies |
ALUR |
1.1 |
1.1 |
-- |
0.04 |
0.03 |
(0.01) |
|
ARM Holdings** |
ARM |
9.0 |
-- |
(9.0) |
1450.4 |
-- |
-- |
|
Nvidia** |
NVDA |
1.2 |
-- |
(1.2) |
191.2 |
-- |
-- |
|
ASML** |
ASML |
0.07 |
-- |
(0.1) |
59.8 |
-- |
-- |
|
MercadoLibre** |
MELI |
0.04 |
-- |
(0.0) |
111.1 |
-- |
-- |
|
Netflix** |
NFLX |
0.05 |
-- |
(0.1) |
77.5 |
-- |
-- |
|
AstraZeneca** |
AZN |
1.0 |
-- |
(1.0) |
70.9 |
-- |
-- |
|
CME Group** |
CME |
0.08 |
-- |
(0.1) |
23.3 |
-- |
-- |
|
Coca-Cola** |
KO |
0.4 |
-- |
(0.4) |
32.7 |
-- |
-- |
|
Eli Lilly** |
LLY |
0.3 |
-- |
(0.3) |
274.6 |
-- |
-- |
|
Intercontinental Exchange** |
ICE |
0.1 |
-- |
(0.1) |
18.6 |
-- |
-- |
|
Cigna Group** |
CI |
0.3 |
-- |
(0.3) |
97.8 |
-- |
-- |
|
UnitedHealth Group** |
UNH |
1.0 |
-- |
(1.0) |
309.6 |
-- |
-- |
|
Bank of America** |
BAC |
2.0 |
-- |
(2.0) |
94.7 |
-- |
-- |
|
Chubb Ltd.** |
CB |
0.2 |
-- |
(0.2) |
68.5 |
-- |
-- |
|
Clarivate |
CTEV |
1.3 |
1.3 |
-- |
57.8 |
68.0 |
10.2 |
|
HCA Healthcare** |
HCA |
0.1 |
-- |
(0.1) |
40.0 |
-- |
-- |
|
McKesson** |
MCK |
0.03 |
-- |
(0.0) |
24.3 |
-- |
-- |
|
NextEra Energy** |
NEE |
1.92 |
-- |
(1.9) |
133.5 |
-- |
-- |
|
Charles Schwab** |
SCHW |
2.0 |
-- |
(2.0) |
186.9 |
-- |
-- |
|
Analog Devices** |
ADI |
0.2 |
-- |
(0.2) |
49.3 |
-- |
-- |
|
Apple** |
AAPL |
0.6 |
-- |
(0.6) |
131.4 |
-- |
-- |
|
Applied Materials** |
AMAT |
0.4 |
-- |
(0.4) |
66.8 |
-- |
-- |
|
BeiGene (P1 Medicine)** |
BEIGF |
0.2 |
-- |
(0.2) |
55.0 |
-- |
-- |
|
Broadcom** |
AVGO |
0.3 |
-- |
(0.3) |
88.3 |
-- |
-- |
|
Citigroup** |
C |
0.7 |
-- |
(0.7) |
62.6 |
-- |
-- |
|
Gilead Sciences** |
GILD |
0.8 |
-- |
(0.8) |
93.2 |
-- |
-- |
|
Home Depot** |
HD |
0.4 |
-- |
(0.4) |
154.1 |
-- |
-- |
|
JPMorgan Chase** |
JPM |
0.1 |
-- |
(0.1) |
33.5 |
-- |
-- |
|
KKR & Co.** |
KKR |
0.3 |
-- |
(0.3) |
38.0 |
-- |
-- |
|
Mastercard** |
MA |
0.3 |
-- |
(0.3) |
188.4 |
-- |
-- |
|
Merck & Co. |
MRK |
1.9 |
-- |
(1.9) |
150.3 |
-- |
-- |
|
Progressive Corp.** |
PGR |
0.5 |
-- |
(0.5) |
122.0 |
-- |
-- |
|
ServiceNow** |
NOW |
0.1 |
-- |
(0.1) |
127.7 |
-- |
-- |
|
Vertex Pharmaceuticals** |
VRTX |
0.4 |
-- |
(0.4) |
190.2 |
-- |
-- |
* Lucid Group executed a 1-for-10 reverse stock split in September 2025, reducing its authorized share capital to 1.5 billion shares from 15 billion.
**Options contracts.
Be the first to comment
Comments Analysis: