AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Saudi PIF Unloads US Holdings Amid Market Volatility
ByAinvest
Thursday, Aug 14, 2025 9:16 pm ET1min read
The Saudi Public Investment Fund (PIF) has divested its holdings in several major US companies, including Alibaba, Meta, FedEx, Shopify, PayPal, and Nu Holdings, in Q2. The fund sold off its stakes entirely, exiting these investments, amidst a volatile US stock market. PIF previously held significant shares in these companies.
The Saudi Public Investment Fund (PIF) has sold its entire stakes in several major U.S.-listed companies, including Alibaba Group, Meta Platforms, FedEx, Shopify, PayPal, and Nu Holdings, according to recent securities filings [1]. The divestments took place during the second quarter of 2025, amidst a volatile U.S. stock market that rebounded from an April drop tied to U.S. tariff policies [1].At the end of March, PIF held significant shares in these companies. For instance, it owned 667,996 class A shares in Meta, 1.25 million class A shares in Shopify, and 1.76 million shares in PayPal [1]. By the end of the second quarter, PIF no longer held any shares in these companies, indicating a complete exit from these investments.
The divestments come as PIF, tasked with spearheading Saudi Arabia's economic diversification under Vision 2030, has expanded its portfolio beyond early holdings in Saudi public equities and infrastructure. In recent years, the fund has taken high-profile stakes in global brands like Uber and Lucid Motors, and has backed sports ventures including LIV Golf and English soccer club Newcastle United [1].
The total exposure of PIF to U.S. equities, including call options, was valued at $23.8 billion at the end of the second quarter, down from $25.5 billion at the end of the first quarter [1]. The decrease in value may be attributed to the fund's divestments and market volatility.
The move by PIF to divest these stakes could be part of a broader strategy to manage risk and diversify its investment portfolio. The fund has also been facing financial strains due to budget overruns and lower oil prices, which have necessitated spending adjustments [2].
Reference List:
[1] https://www.reuters.com/world/middle-east/saudi-wealth-fund-sold-its-stakes-meta-shopify-paypal-q2-2025-08-14/
[2] https://www.ainvest.com/news/oil-daily-vietnam-crude-purchase-saudi-budget-cuts-highlight-industry-shifts-2508/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet