Saudi Arabia's Sovereign Fund Exits Alibaba, FedEx, and Shopify in Q2

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has exited stakes in Alibaba, FedEx, and Shopify as part of its Q2 moves. The PIF disclosed the information in its latest quarterly report.

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has exited its stakes in Alibaba Group, FedEx, and Shopify as part of its Q2 moves. The PIF disclosed the information in its latest quarterly report.

The PIF, one of the world's largest sovereign wealth funds, sold its stakes in these companies during the second quarter of 2025. The fund no longer holds any shares in Meta Platforms, Shopify, PayPal, Alibaba, Nu Holdings, and FedEx, according to its 13F filings [1].

The total value of the fund's U.S. equity holdings declined by $1.7 billion to $23.8 billion at the end of June. This move reflects a broader reduction in the fund's exposure to U.S.-listed equities [2].

While the PIF sold off these major positions, it maintained its substantial, long-term conviction bets in other areas. The fund's largest holdings remain concentrated in mobility and gaming, with massive stakes in Uber, electric vehicle maker Lucid Motors, and video game company Electronic Arts still forming the core of its public equity portfolio [2].

The series of exits suggest a strategic pivot by the influential state-owned investor, likely reflecting a more cautious outlook on the growth prospects for certain technology and e-commerce companies. The move to cash out of these widely-held names indicates a significant portfolio re-evaluation by one of the market's most-watched players [2].

References:
[1] https://www.reuters.com/world/middle-east/saudi-wealth-fund-sold-its-stakes-meta-shopify-paypal-q2-2025-08-14/
[2] https://sherepricetarget.com/saudi-wealth-fund-sells-off-alibaba-baba-fedex-fdx-and-shopify-shop-stakes-in-major-q2-pullback/