Saudi Sovereign Wealth Fund PIF Q2 Holdings: Bought Call Options on Eli Lilly and Other Pharmaceutical Stocks, Liquidated Meta

Zhitong
2025.08.15 02:28
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The Saudi Public Investment Fund (PIF) reported its Q2 holdings as of June 30, 2025, showing a total market value of its U.S. stock holdings at $23.8 billion, a decrease of 7% quarter-over-quarter. PIF added 17 new stocks, increased holdings in 9 stocks, reduced holdings in 21 stocks, and completely exited 24 stocks. The top ten holdings accounted for 84.22% of the total market value. Major holdings include Uber, Electronic Arts, and Lucid. In Q2, PIF completely exited several U.S. stocks such as Meta and Visa, and bought call options on pharmaceutical stocks like Eli Lilly

According to Zhitong Finance APP, the Saudi Sovereign Wealth Fund "Public Investment Fund" (PIF) submitted its second-quarter holdings report (13F) as of June 30, 2025. It is reported that the total market value of PIF's U.S. stock holdings in the second quarter reached $23.8 billion, down 7% from the previous quarter's total market value of $25.6 billion. The PIF's portfolio added 17 new stocks, increased holdings in 9 stocks, reduced holdings in 21 stocks, and completely exited 24 stocks. The top ten holdings accounted for 84.22% of the total market value.

In the top five holdings, Uber (UBER.US) ranked first with approximately 72.84 million shares, a holding market value of about $6.8 billion, accounting for 28.54% of the portfolio, unchanged from the previous quarter.

Electronic Arts (EA.US) ranked second with approximately 24.81 million shares, a holding market value of about $4 billion, accounting for 16.64% of the portfolio, unchanged from the previous quarter.

Lucid (LCID.US) ranked third with approximately 1.77 billion shares, a holding market value of about $3.7 billion, accounting for 15.69% of the portfolio, unchanged from the previous quarter.

Take-Two Interactive Software (TTWO.US) ranked fourth with approximately 11.41 million shares, a holding market value of about $2.8 billion, accounting for 11.64% of the portfolio, unchanged from the previous quarter.

Arm call options (ARM.US, CALL) ranked fifth with approximately 8.97 million shares, a holding market value of about $1.5 billion, accounting for 6.09% of the portfolio, with a slight increase of 0.71% in the number of shares compared to the previous quarter.

In addition, PIF completely exited multiple U.S. stocks in Q2, including Visa (V.US), Shopify (SHOP.US), Sea (SE.US), PayPal (PYPL.US), Meta (META.US), and FedEx (FDX.US).

From the changes in holding proportions, the top five purchased stocks are: Arm call options, Eli Lilly call options (LLY.US, CALL), UnitedHealth call options (UNH.US, CALL), Vertex Pharmaceuticals call options (VRTX.US, CALL), and Mastercard call options (MA.US, CALL).

The top five sold stocks are: Salesforce call options (CRM.US, CALL), Starbucks call options (SBUX.US, CALL), Meta, Microsoft call options (MSFT.US, CALL), and Linde (LIN.US)

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