The Saudi Public Investment Fund’s ownership in the US market decreased from about $56 billion at the end of the fourth quarter of last year to $43.6 billion at the end of the first quarter of this year.
According to a disclosure by the fund to the US Securities and Exchange Commission, the fund reduced its stakes in three companies: “Visa INC”, “Plug Power” and “Wal-Mart”.
On the other hand, the fund raised its stakes in a number of companies, including increasing its stake in the Alibaba Group by 49% to more than one million shares, and doubling its stake in Take to Interactive to 11.4 million shares.
The fund also raised its stake in “Paypal”, and acquired a stake of more than 418 thousand shares in METAPLATFORMS.
The Public Investment Fund has exited, according to the disclosure, from Grub Just Eat.