In the third quarter, Saudi sovereign wealth fund PIF opened long positions in 19 stocks including Lucid, Cummins Inc, Visa, Plug Power, FedEx, Wal-Mart, Pinterest, and PayPal.
Following the release of the 13F report of the world's largest hedge fund Bridgewater Fund and Quantum Fund Pioneer Renaissance last week, on Monday, November 15th, Eastern Time, the third quarter position information of the Saudi sovereign wealth fund PIF established in 1971 was also made public.
In the third quarter report ending September 30, 2021, the market value of Saudi sovereign wealth fund PIF holdings increased by 172% to US$43.4 billion. The Standard & Poor's 500 Index rose 8.2% during the same period. Judging from the industry distribution of its holdings, in the third quarter, it further increased its holdings in the information technology sector and the financial sector, and reduced its holdings in the non-essential consumption sector.
In the third quarter, Saudi sovereign funds opened long positions on Lucid (holding 1.02 billion shares, holding a stock market value of US$25.8 billion, and 63% of Lucid shares), Cummins Inc. (holding 1.8 million shares, holding a stock market value of 404.3 million U.S. dollars, 1.3%% of outstanding shares), Visa (holding 1.61 million shares, valued at US$358 million), Plug Power (holding 9.83 million shares, valued at US$251 million, and outstanding shares accounted for 1.7%), FedEx, Wal-Mart, Pinterest, PayPal and other 19 stocks.
Shigekura Lucid, Uber (Uber, maintains 72.8 million shares), Activision Blizzard (ATVI, maintains 37.9 million shares), Utilities Select Industry SPDR Fund (XLU, maintains 33 million positions), and Electronic Arts (EA, maintain 14.2 million shares holding).
In January of this year, Saudi Arabia’s Crown Prince Mohammed bin Salman said that in the next five years, the public investment fund of Saudi Arabia’s sovereign wealth fund will increase its efforts to boost the Saudi economy. Mohammed said in a televised speech that from 2021 to 2025, the Saudi Public Investment Fund will invest at least US$40 billion in the country each year, and achieve fund assets of more than US$1.07 trillion in 2025, contributing a total of US$320 billion to the growth of Saudi Arabia’s non-oil economy. , While creating 1.8 million job opportunities.
In addition, other 13F reports released today show that Interval Partners increased its holdings in Salesforce.com and liquidated Acuity Brands in the third quarter; in the third quarter, the global hedge fund management company Balyasny Asset opened long positions in Wal-Mart, cleared positions in Amazon, and reduced holdings in Fortive.$Lucid Group(LCID.US)$$Visa(V.US)$$PayPal(PYPL.US)$$Cummins(CMI.US)$