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Saudi Sovereign Wealth Fund Exits Alibaba, FedEx, and Shopify Amid Q2 Moves
ByAinvest
Thursday, Aug 14, 2025 4:08 pm ET1min read
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has disclosed its Q2 moves, including the exit of stakes in Alibaba, FedEx, and Shopify. The fund's latest quarterly report shows the exits among its investments. The PIF manages Saudi Arabia's wealth and oversees the country's economic diversification efforts.
Saudi Arabia's Public Investment Fund (PIF), the country's sovereign wealth fund, has disclosed its Q2 moves, including the exit of stakes in Alibaba (NYSE:BABA), FedEx (NYSE:FDX), and Shopify (NASDAQ:SHOP). The fund's latest 13F filing, published on July 2, 2025, reveals that PIF sold off its holdings in these companies during the second quarter of 2025.According to the filing, PIF sold 1.6 million American depositary shares in Alibaba, nearly 500,000 shares in FedEx, and 1.3 million class A shares in Shopify. Additionally, the fund reduced its stakes in several other companies, including DoorDash (DASH) and Sea (SE). The fund also significantly decreased its holdings in logistics-focused real estate investment trust Prologis (PLD) and image sharing social network Pinterest (PINS).
The exits come as part of PIF's broader strategy to manage its $1 trillion portfolio, which includes call options that provide the right to buy underlying assets at specified prices. The fund's total exposure to U.S. equities 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.
PIF's moves reflect its ongoing efforts to diversify Saudi Arabia's economy under Crown Prince Mohammed bin Salman's Vision 2030 plan. The fund has taken high-profile stakes in global brands such as Uber (UBER.N) and Lucid Motors, and has backed sports ventures including LIV Golf and Newcastle United. At home, PIF has poured billions into projects like NEOM, a futuristic city on the Red Sea, and sectors such as tourism, logistics, and clean energy.
The exits in Alibaba, FedEx, and Shopify are part of a broader trend of PIF's strategic asset management. The fund's ability to adapt its portfolio to changing market conditions and economic priorities underscores its commitment to supporting Saudi Arabia's economic diversification efforts.
References:
[1] https://seekingalpha.com/news/4485630-saudi-arabia-sovereign-fund-exits-alibaba-fedex-and-shopify-among-q2-moves
[2] https://www.reuters.com/world/middle-east/saudi-wealth-fund-sold-its-stakes-meta-shopify-paypal-q2-2025-08-14/
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