Mubadala Investment Co PJSC
Long book
$20.49B
Q1 2026
Positions
72
Top-10 weight
98%
concentration
Last quarter
+53.8%
SPY +14.8%
Turnover
60%
of book per quarter
Strategy in plain words
auto-generated from filingsMubadala Investment Co PJSC is a concentrated fundamental stock-picker, specialised in technology (95% of the long book), running a $20.49B US long book across 72 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: GLOBALFOUNDRIES INC, ISHARES BITCOIN TRUST ETF, BLUE OWL TECHNOLOGY FINANCE, ARM HOLDINGS PLC-ADR, NEXTDECADE CORP.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.8%
Q2 2024
-20.0%
Q3 2024
+6.3%
Q4 2024
-13.7%
Q1 2025
+4.9%
Q2 2025
-5.3%
Q3 2025
-3.5%
Q4 2025
+23.6%
Q1 2026
+53.8%
Sector allocation
Technology 96%
Other 2%
Utilities 1%
Financials 0%
Industrials 0%
Materials 0%
Healthcare 0%
Services media 0%
Long book by quarter
What does Mubadala Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GFS GLOBALFOUNDRIES INC | Technology | 423.0M | $18.82B | 91.8% | -6.1% |
| OTF BLUE OWL TECHNOLOGY FINANCE | — | 29.1M | $360.9M | 1.8% | Held |
| NEXT NEXTDECADE CORP | Utilities | 14.2M | $108.8M | 0.5% | Held |
| KLAR KLARNA GROUP PLC | Financials | 3.0M | $39.2M | 0.2% | Held |
| ARIS ARIS MINING CORP | Materials | 1.7M | $32.3M | 0.2% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 44.1K | $14.9M | 0.1% | +99.9% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 233.4K | $14.2M | 0.1% | -9.0% |
| IONQ IONQ INC | Technology | 428.5K | $12.4M | 0.1% | Held |
| AVGO BROADCOM INC | Technology | 39.5K | $12.2M | 0.1% | New |
| KEY KEYCORP | Financials | 599.9K | $12.0M | 0.1% | New |
| WDC WESTERN DIGITAL CORP | Technology | 44.0K | $11.9M | 0.1% | New |
| QUBT QUANTUM COMPUTING INC | Technology | 1.6M | $10.9M | 0.1% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 55.4K | $10.8M | 0.1% | New |
| QBTS D-WAVE QUANTUM INC | Technology | 744.8K | $10.7M | 0.1% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 68.1K | $10.0M | 0.0% | New |
| LRCX LAM RESEARCH CORP | Industrials | 46.2K | $9.9M | 0.0% | New |
| SHOP SHOPIFY INC - CLASS A | Technology | 82.3K | $9.8M | 0.0% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 7.4K | $9.7M | 0.0% | New |
| AAPL APPLE INC | Technology | 38.0K | $9.7M | 0.0% | New |
| RGTI RIGETTI COMPUTING INC | Technology | 619.6K | $8.7M | 0.0% | Held |
| AER AERCAP HOLDINGS NV | Services media | 58.7K | $8.1M | 0.0% | New |
| KGC KINROSS GOLD CORP | Materials | 253.3K | $7.7M | 0.0% | -17.5% |
| B BARRICK MINING CORP | Materials | 170.2K | $6.9M | 0.0% | -25.0% |
| CHYM CHIME FINANCIAL INC-CL A | Financials | 362.0K | $6.8M | 0.0% | Held |
| GDEV GDEV INC | Technology | 374.1K | $5.2M | 0.0% | Held |
| GILD GILEAD SCIENCES INC | Healthcare | 37.0K | $5.2M | 0.0% | -63.1% |
| FDX FEDEX CORP | Industrials | 14.3K | $5.1M | 0.0% | New |
| MRK MERCK & CO. INC. | Healthcare | 39.4K | $4.7M | 0.0% | New |
| CMI CUMMINS INC | Industrials | 8.2K | $4.4M | 0.0% | -12.8% |
| NEM NEWMONT CORP | Materials | 40.3K | $4.4M | 0.0% | New |
| ABBV ABBVIE INC | Healthcare | 19.8K | $4.3M | 0.0% | +16.5% |
| CI THE CIGNA GROUP | Financials | 15.5K | $4.1M | 0.0% | +13.4% |
| MTCH MATCH GROUP INC | Technology | 134.6K | $4.1M | 0.0% | +16.1% |
| GD GENERAL DYNAMICS CORP | Industrials | 12.0K | $4.1M | 0.0% | New |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 41.7K | $4.1M | 0.0% | New |
| USB US BANCORP | Financials | 76.0K | $4.0M | 0.0% | New |
| CVS CVS HEALTH CORP | Healthcare | 54.8K | $3.9M | 0.0% | -63.4% |
| MDT MEDTRONIC PLC | Healthcare | 44.1K | $3.8M | 0.0% | New |
| IVZ INVESCO LTD | Financials | 156.0K | $3.8M | 0.0% | -9.5% |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 49.8K | $3.7M | 0.0% | New |
| ZBRA ZEBRA TECHNOLOGIES CORP-CL A | Industrials | 17.2K | $3.6M | 0.0% | -55.6% |
| SWKS SKYWORKS SOLUTIONS INC | Technology | 66.6K | $3.6M | 0.0% | +29.2% |
| SOLV SOLVENTUM CORP | Healthcare | 53.2K | $3.5M | 0.0% | New |
| ENS ENERSYS | Technology | 19.8K | $3.4M | 0.0% | New |
| UHS UNIVERSAL HEALTH SERVICES-B | Healthcare | 19.2K | $3.4M | 0.0% | New |
| NVST ENVISTA HOLDINGS CORP | Healthcare | 132.1K | $3.4M | 0.0% | +1.1% |
| MSM MSC INDUSTRIAL DIRECT CO-A | Consumer discretionary | 36.0K | $3.3M | 0.0% | New |
| UBSI UNITED BANKSHARES INC | Financials | 78.2K | $3.2M | 0.0% | New |
| FHI FEDERATED HERMES INC | Financials | 56.7K | $3.2M | 0.0% | New |
| APTV APTIV PLC | Industrials | 54.6K | $3.2M | 0.0% | -60.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 72 | $20.49B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 64 | $17.48B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 58 | $17.92B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ANEW HOLDINGS | Nov 14, 2025 | 1 | $64.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 54 | $18.93B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 54 | $17.61B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 55 | $20.45B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 14 | $18.83B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 19 | $24.74B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 16, 2024 | 19 | $25.53B | canonical | SEC ↗ |