In the first quarter, PIF's total market value of Hold Positions in U.S. stocks reached 25.6 billion USD, compared to approximately 26.8 billion USD in the previous quarter, a nearly 5% decrease quarter-on-quarter.
According to reports from the Zhitong Finance APP, the Public Investment Fund (PIF), the largest sovereign wealth fund in Saudi Arabia, has submitted its first quarter Form 13F for its US stock holdings as of March 31, 2025.
According to statistics, the total market value of PIF's US stock holdings in the first quarter reached 25.6 billion USD, down nearly 5% from approximately 26.8 billion USD in the previous quarter. Detailed data shows that PIF's portfolio added 13 new individual stocks, increased holdings in 12 stocks, reduced holdings in 18 stocks, and completely sold off 11 stocks. The top ten holdings account for 75.02% of the total market value of US stock holdings, reflecting a very high cumulative weight of PIF's top ten positions.
Specifically, Uber Technologies (UBER.US) ranks as PIF's largest holding, with approximately 72.84 million shares, a market value of about 5.3 billion USD, and a portfolio proportion of 20.77%, showing no change in the number of shares held from the previous quarter.
The new electric vehicle company Lucid (LCID.US) ranks as PIF's second largest holding, with about 1.77 billion shares, a market value of around 4.286 billion USD, and a portfolio proportion of 16.77%, with no change in the number of shares held from the previous quarter. PIF is Lucid's largest shareholder, with a holding ratio close to 60%.
As one of the largest game developers globally, Electronic Arts Inc (EA.US) ranks as the third largest holding, with approximately 24.81 million shares, a market value of about 3.585 billion USD, and a portfolio proportion of 14.03%, showing no change in the number of shares held from the previous quarter.
The popular game "Grand Theft Auto" (GTA) developer Take-Two Interactive Software (TTWO.US) ranks fourth, holding approximately 11.41 million shares, with a holding value of about 2.37 billion USD, accounting for 9.26% of the portfolio. The holding quantity has remained unchanged from the previous quarter.
The leader in chip design, ARM (ARM.US) Call Options rank fifth, holding approximately 8.9 million shares, with a holding value of about 0.95 billion USD, accounting for 3.72% of the portfolio. The holding quantity has decreased by 9.06% compared to the previous period.
In terms of changes in holding ratios, the top five symbols bought by the Saudi sovereign wealth fund PIF in the first quarter were: Stryker Corp (SYK.US), HCA Holdings (HCA.US), Zoetis Inc (ZTS.US), ASML Holding (ASML.US) Call Options, and Bank of America (BAC.US) Call Options.
The top five symbols sold were: Booking (BKNG.US) Call Options, Starbucks (SBUX.US) Call Options, PayPal (PYPL.US) Call Options, ARM (ARM.US) Call Options, and Meta (META.US), the parent company of Facebook and Instagram Call Options.
