RIYADH: Saudi Arabia’s Public Investment Fund reduced the value of its US-listed equity holdings to $12.9 billion at the end of the fourth quarter of 2025, down from $19.4 billion at the close of the third quarter, according to its latest filing with the US Securities and Exchange Commission.
The documents shows the sovereign wealth fund held positions in five companies: Lucid Group, Electronic Arts, and Uber Technologies, as well as Allurion Technologies and Claritev Corp. The stake in Allurion was reported as a warrant position.
The portfolio reshuffle comes as the Kingdom accelerates efforts to diversify its economy beyond oil under Vision 2030, with PIF playing a central role in deploying capital both domestically and abroad.
Changes in its US equity holdings are closely watched by investors as a signal of the fund’s shifting sector priorities and global allocation strategy.
The information table attached to the filing lists these five holdings as the entirety of the fund’s US-reportable equity positions for the period ended Dec. 31.
