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  • 19-05-21

    Saudi Arabia’s sovereign wealth fund increases its US stock holdings to USD15.4B

    (MENAFN)A US regulatory filing reported that Saudi Arabia’s sovereign wealth fund improved its US stock holdings to USD15.4 billion in the first three months from nearly USD12.8 billion at the end of previous year.

    A Securities and Exchange Commission filing declared that the Public Investment Fund (PIF) purchased 2.9 million class A shares in SoftBank Group Corp-backed Coupang Inc, equal to USD141 million, and dissolved its share stake in Suncor Energy.

    It increased its position in Activision Blizzard to 33.4 million shares from 15 million shares at the end of the last three months that led it to a USD3.1 billion exposure from USD1.4 billion.

    The fund improved its shares in Electronic Arts Inc. to 14.2 million, equivalent to USD1.9 billion, from a USD1.1 billion position at the end of the last three months.

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