🔍 Latest PIF 13F Filing – How Many Lucid Shares Do They OWN? 🚀 Major LCID Update!
Overall SentimentNeutralStrength: 30%
Overall Thesis
Detailed breakdown of PIF 13F filings calculates the PIF's actual Lucid ownership at approximately 58.8%, clarifying confusion from various reported percentages ranging from 52% to 78%.
Narratives
LCIDLucid Motors
NeutralThe speaker walks through PIF's 13F and 13D filings to clarify that the PIF holds approximately 1.77B shares, working out to 58.8% actual ownership once convertible future shares (464M) and insider holdings are excluded. The actual percentage may be slightly lower due to ongoing dilution from share issuance. Earnings on February 25 will provide updated total share count.
Key Arguments
- PIF's actual ownership is 58.8% based on 1.77B shares, not the headline 64-65% which includes future convertible shares
- Convertible debt grows in share count as stock price falls — a dilution risk
- True figure will be updated at February 25 earnings with new outstanding share count
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