Gulf Sovereign Funds · Mubadala Group US Stock Holdings

## What this measures

The market value of US-listed stocks and ETFs held by the Mubadala group: Mubadala Investment Company, an Abu Dhabi sovereign investor, and the Abu Dhabi Investment Council, part of the group, at each quarter end, in US dollars billions, from the investors' own Form 13F filings with the SEC.

## Why it matters

Gulf sovereign investors are among the largest pools of capital looking for a home. Most of what they buy is private and only shows up in announcements; the 13F is the one slice that is filed, dated and complete for its scope, so it shows where these investors hold public US positions and when they change.

## How to read it

Higher means a larger US public-equity book at the quarter end. Check the filing detail before reading a jump as new money: a single position re-pricing, or a private holding becoming public, can move it as much as buying. Until 2025 Mubadala's report also carried the Abu Dhabi Investment Council's holdings; the council files its own report from the first quarter of 2026, and the two are summed here so the line stays continuous.

## What it does not say

13F reports cover only US-listed stocks and ETFs held at the quarter end. They leave out private companies, real estate, bonds, funds held through outside managers that file their own reports, and every non-US market, which is where most of this money sits. A move can come from prices as much as from buying or selling: one large position can carry the whole number.

## Source

US Securities and Exchange Commission, Form 13F-HR filings (EDGAR), public domain. Palanor sums each filing's information table: common stock and ETF shares only (no options, no bonds), the latest original or restated report plus any new-holdings amendments, values in dollars (filings before 3 January 2023 were reported in thousands and are scaled). A quarter is published once its 45-day filing deadline has passed.