# EDGAR Filing Document

**Accession Number:** 0001767640
**File Stem:** 0001193125-25-192370
**Filing Date:** 2025-8
**Character Count:** 11636
**Document Hash:** 83a16d88dd79fc645ef4cf72bb9aad4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-192370.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001193125-25-192370

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUBLIC INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0001767640

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** T0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19159
- **FILM NUMBER:** 251278554

**BUSINESS ADDRESS:**
- **STREET 1:** THE PUBLIC INVESTMENT FUND TOWER,
- **STREET 2:** KING ABDULLAH FINANCIAL DISTRICT (KAFD)
- **CITY:** AL AQIQ DISTRICT, RIYADH
- **STATE:** T0
- **ZIP:** 13519
- **BUSINESS PHONE:** 966 11 813 5001

**MAIL ADDRESS:**
- **STREET 1:** THE PUBLIC INVESTMENT FUND TOWER,
- **STREET 2:** KING ABDULLAH FINANCIAL DISTRICT (KAFD)
- **CITY:** AL AQIQ DISTRICT, RIYADH
- **STATE:** T0
- **ZIP:** 13519

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001767640

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Public Investment Fund

**Address:** The Public Investment Fund Tower, Al Aqiq District, Riyadh, T0 13519

**Telephone number:** 966.11.813.5001

**Name of agent for service:** Akin Gump Strauss Hauer  Feld LLP

**Agent Address:** 1999 Avenue of the Stars, #600, Los Angeles, CA 90067

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-19159

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                      | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                            | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   | SHARES VOTED FOR OR AGAINST MANAGEMENT   | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Linde Plc                           | G54950103 | 07/30/2024     | To approve, on an advisory and non-binding basis, the compensation of Linde plc's Named Executive Officers, as disclosed in the 2024 Proxy statement.                                                       | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Electronic Arts Inc.                | 285512109 | 08/01/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    2.48079e+07 |                0 | FOR         | 24807932.000000                          | FOR                         |  |
| Take-Two Interactive Software, Inc. | 874054109 | 09/18/2024     | Approval, on a non-binding advisory basis, of the compensation of the Company's "named executive officers" as disclosed in the attached Proxy Statement.                                                    | SECTION 14A SAY-ON-PAY VOTES |    1.14147e+07 |                0 | FOR         | 11414680.000000                          | FOR                         |  |
| FedEx Corporation                   | 31428X106 | 09/23/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Air Products and Chemicals, Inc.    | 009158106 | 01/23/2025     | Advisory Vote Approving the Compensation of the Company's Executive Officers.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Air Products and Chemicals, Inc.    | 009158106 | 01/23/2025     | An advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Visa Inc.                           | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Avery Dennison Corporation          | 053611109 | 04/24/2025     | Approval, on an advisory basis, of our executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Claritev Corporation                | 62548M209 | 04/30/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Uber Technologies, Inc.             | 90353T100 | 05/05/2025     | Advisory vote to approve 2024 named executive officer compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |    7.28405e+07 |                0 | FOR         | 72840541.000000                          | FOR                         |  |
| Prologis, Inc.                      | 74340W103 | 05/08/2025     | Advisory Vote to Approve the Company's Executive Compensation for 2024.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Cummins Inc.                        | 231021106 | 05/13/2025     | Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Bloom Energy Corp.                  | 093712107 | 05/14/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Amazon.com, Inc.                    | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| BeiGene Ltd.                        | 07725L102 | 05/21/2025     | THAT, on a non-binding, advisory basis, the compensation of the Company's named executive officers, as disclosed in the Proxy Statement, be and is hereby approved.                                         | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Pinterest, Inc.                     | 72352L106 | 05/22/2025     | Approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Meta Platforms, Inc.                | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Meta Platforms, Inc.                | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| Lucid Group, Inc.                   | 549498103 | 06/05/2025     | To approve, on an advisory basis, the compensation for our named executive officers as disclosed in our Proxy Statement                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    3.96188e+08 |                0 | FOR         | 396188386.000000                         | FOR                         |  |
| Lucid Group, Inc.                   | 549498103 | 06/05/2025     | To approve, on an advisory basis, the compensation for our named executive officers as disclosed in our Proxy Statement                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    1.3747e+09  |                0 | FOR         | 1374700298.000000                        | FOR                         |  |
| PayPal Holdings, Inc.               | 70450Y103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |
| DoorDash, Inc.                      | 25809K105 | 06/24/2025     | The approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    0           |                0 |  |  |  |  |

## N-PX: Signature Block

**Reporting Person:** Public Investment Fund

**By (Signature):** /s/ Ahmad AlFilimbany

**By (Printed Signature):** /s/ Ahmad AlFilimbany

**By (Title):** Head of the Investment Operations Department

**Date:** 08/29/2025