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16-11-22
Saudi Arabia’s PIF rises shares in Meta, Alphabet in Q3
(MENAFN) Saudi Arabia’s Public Investment Fund raised its stakes in Meta and Alphabet once more in the July-September period of this year, as the sovereign wealth fund remains its asset growth strategies worldwide.
As said by its most recent 13F filing for the three months closing on the 30th of September, the PIF announced that it hosted nearly 3.26 million class A staked in Facebook’s parent firm Meta – surging from 418,000 class A stocks at the end of the January-march period and 2.94 million at the end of the second quarter.
The report also stated that the PIF had massive increased its stake in Google’s parent company Alphabet to 4.26 million capital share class A stocks at the close of the July-September from 213,000.
The filing mentioned that PIF has decreased its share of over 8 million stakes in US-based electric vehicle firm Hyzon Motors.
PIF kept its shares unaffected in main companies, such as Amazon, Alibaba, Microsoft, PayPal, FedEx, Home Depot, Salesforce, Visa as well as Walmart at the closing of the July-September.
MENAFN16112022000045014228ID1105189751
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