Saudi Sovereign Wealth Fund PIFQ1's top four holdings remain unchanged, reduced positions in Booking call options and Starbucks call options

Zhitong
2025.05.16 03:32
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The total market value of the Saudi Public Investment Fund (PIF) in U.S. stocks in the first quarter of 2025 was $25.6 billion, a decrease of nearly 5% from $26.8 billion in the previous quarter. The top ten holdings of PIF include Uber, Lucid, Electronic Arts, and Take-Two, with no changes in the number of shares held. At the same time, PIF reduced its holdings of call options for Booking and Starbucks

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), the largest sovereign wealth fund in Saudi Arabia, the Public Investment Fund (PIF), submitted its first-quarter U.S. stock holdings report (13F) for the period ending March 31, 2025.

According to statistics, the total market value of PIF's U.S. stock holdings in the first quarter reached $25.6 billion, down nearly 5% from approximately $26.8 billion in the previous quarter. Detailed data shows that PIF added 13 new stocks to its portfolio, increased its holdings in 12 stocks, reduced its holdings in 18 stocks, and completely sold out of 11 stocks. The top ten holdings accounted for 75.02% of the total market value of U.S. stock holdings, reflecting a very high total weight of PIF's top ten holdings.

Specifically, Uber (UBER.US) ranks as the largest holding of the Saudi sovereign wealth fund PIF, with approximately 72.84 million shares valued at about $5.3 billion, accounting for 20.77% of the portfolio, with no change in the number of shares from the previous quarter.

The new electric vehicle player Lucid (LCID.US) ranks as PIF's second-largest holding, with approximately 1.77 billion shares valued at about $4.286 billion, accounting for 16.77% of the portfolio, with no change in the number of shares from the previous quarter. PIF is the largest shareholder of Lucid, holding nearly 60%.

One of the largest gaming companies in the world, Electronic Arts (EA.US), ranks third, with approximately 24.81 million shares valued at about $3.585 billion, accounting for 14.03% of the portfolio, with no change in the number of shares from the previous quarter.

The developer of the popular game Grand Theft Auto (GTA), Take-Two Interactive Software (TTWO.US), ranks fourth, with approximately 11.41 million shares valued at about $2.37 billion, accounting for 9.26% of the portfolio, with no change in the number of shares from the previous quarter.

Chip design leader ARM (ARM.US) call options rank fifth, with approximately 8.9 million shares valued at about $950 million, accounting for 3.72% of the portfolio, with a 9.06% decrease in the number of shares.

In terms of changes in holding proportions, the top five buying targets of the Saudi sovereign wealth fund PIF in the first quarter were: Stryker (SYK.US), HCA Holdings (HCA.US), Zoetis (ZTS.US), ASML (ASML.US) call options, and Bank of America (BAC.US) call options

The top five sold targets are: Booking (BKNG.US) call options, Starbucks (SBUX.US) call options, PayPal (PYPL.US) call options, ARM (ARM.US) call options, and Facebook and Instagram's parent company Meta (META.US) call options

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