EM Concept/iStock via Getty Images
Saudi Arabia’s sovereign wealth fund exited several stakes among its Q2 moves, including those in Alibaba (NYSE:BABA), FedEx (NYSE:FDX), and Shopify (NASDAQ:SHOP).
The Public Investment Fund (PIF) disclosed the information in its latest 13F filing for the three months ended June 30, 2025, published on Thursday.
PIF sold off the 1.6M American depositary shares it had held in Chinese e-commerce major Alibaba (NYSE:BABA) in Q2. It also sold off the nearly 500K shares it held in global economic bellwether FedEx (NYSE:FDX) and the 1.3M class A shares it held in Canadian e-commerce firm Shopify (NASDAQ:SHOP).
Other exits include food delivery business DoorDash (DASH) and Singapore-based internet services firm Sea (SE).
The sovereign fund also cut its stake in several companies in Q2. It nearly exited logistics-focused real estate investment trust Prologis (PLD), decreasing its holdings by 99.8% to 2.5K shares. It also trimmed image sharing social network Pinterest (PINS) by 94.9% to about 210K class A shares.
More on 13F filings
- Tiger Global takes new stake in Circle, increases position in Amazon in Q2 moves
- Soros Capital bets on South Korea and chips, withdraws from Brazil in Q2 trades
- Engaged Capital takes new stake in Freshpet, boosts position in Evolent Health among top Q2 moves
- Seth Klarman’s Baupost ups stake in Alphabet, Dollar General among Q2 moves
- Philippe Laffont’s Coatue takes new stake in Oracle, exits Super Micro amid Q2 trades