RIYADH: Saudi Arabia’s Public Investment Fund boosted its US equity holdings to about $23.8 billion by the second quarter of 2025, up from roughly $20.6 billion a year earlier.
The fund’s latest Form-13F filing with the US Securities and Exchange Commission shows PIF held positions across 57 equities and options, compared to 38 a year earlier, but with a markedly different composition.
The sovereign wealth fund exited stakes in Meta Platforms, PayPal, Alibaba, Shopify, and other e-commerce and social-media names, while boosting holdings in electric-vehicle maker Lucid Group by nearly 400 million shares and more than doubling its stake in chip designer Arm Holdings.
It also bought into Apple, ASML, Analog Devices, and several US healthcare giants, such as UnitedHealth, Eli Lilly, and Merck, reflecting a pivot toward semiconductors and healthcare.
As the sovereign investment arm of Saudi Arabia, PIF plays a central role in advancing Vision 2030, the Kingdom’s long-term strategy to diversify its economy beyond oil.
