Lates News

According to the 13F institution holding files released on Thursday, the Saudi Sovereign Wealth Fund, the Saudi Public Investment Fund (PIF), liquidated its holdings in several U.S. listed companies in the second quarter, including Alibaba, Meta, FedEx, Shopify, PayPal, and Nu Holdings, and no longer holds any shares. During the second quarter, the U.S. stock market initially fell due to the impact of tariff policies in April, but later rebounded. Previous filings showed that at the end of the first quarter, PIF held 667,996 Class A shares of Meta, 1.61 million shares of Alibaba's American Depositary Shares (ADS), and 498,164 shares of FedEx.