The value of the Saudi Public Investment Fund’s investment portfolio in the US stock market increased by 9.6% by the end of the second quarter of this year, to reach $38.9 billion.
According to the data of “13F” (13F), the Saudi sovereign fund exited from “Babylon Holdings” company, while its stake in the “Lucid” company increased, as the value of the fund’s share in the electric car manufacturing company represents 24% of the total value of its investments in The American market, while reducing its stake in Avery Dennison Corp.
Exited shares:
Babylon Holdings: 3.03 million shares, valued at $15.4 million
Companies in which the Fund’s investments increased:
“Lucid”: The fund bought 265.7 million shares in the electric car maker in the second quarter, increasing its stake by 24% to 1.37 billion shares, at a value of $9.47 billion, representing 60% of the company’s shares. Air Products & Chemicals: bought “Saudi Sovereign 45544” shares in the company, raising its stake by 1.7% to 2.75 million shares, at a value of $823.2 million, representing 1.2% of the company’s total shares. dollar
Ownership decline in one company:
Avery Dennison: PIF’s stake in the company decreased by 23% as it sold 193,601 shares in the second quarter, bringing its current ownership to 655,056 at a value of $112.5 million.
Highest holdings:
“Lucid”: The fund’s share reaches 60% of the outstanding shares “Electronic Arts”: The fund’s ownership stabilized at 24.8 million shares, valued at $3.22 billion, Activision Blizzard: The fund maintained its stake at 37.9 million, valued at $3.2 billion, Uber Technologies: The share remained unchanged from 72.8 million, valued at $3.14 billion. SPDR Utilities Fund: The share remained unchanged from 33 million documents, valued at $2.16 billion.
*The data includes companies in which the fund’s ownership exceeds 1% at the end of last June.
2023-08-14 17:08:40
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