{"id":99722,"date":"2025-08-17T00:00:00","date_gmt":"2025-08-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/17\/pif-sells-its-stake-in-meta-shopify-paypal-alibaba-nu-holdings-fedex\/"},"modified":"2025-08-17T00:00:00","modified_gmt":"2025-08-17T00:00:00","slug":"pif-sells-its-stake-in-meta-shopify-paypal-alibaba-nu-holdings-fedex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/17\/pif-sells-its-stake-in-meta-shopify-paypal-alibaba-nu-holdings-fedex\/","title":{"rendered":"PIF sells its stake in Meta, Shopify, PayPal, Alibaba, Nu Holdings, FedEx"},"content":{"rendered":"

Tariff-<\/strong>induced market volatility drove the Public Investment Fund (PIF) to divest all its <\/strong>shares in some US-listed companies during 2Q 2025<\/strong>, including Meta, Shopify, PayPal, Alibaba, Nu Holdings, and FedEx, Bloomberg<\/a> reports. A 13F filing<\/a> to the US Securities and Exchange Commission shows that the PIF no longer has shares in these companies.<\/p>\n

The breakdown:<\/strong> The PIF sold off about 668k class A shares in Meta, 1.3 mn class A shares in Shopify, 1.8 mn shares in PayPal, 6.8 mn class A shares in Nu Holdings, 1.61 mn in Alibaba sponsored ADS, and 498.2k common shares in FedEx.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The PIF\u2019s US portfolio stood at USD 23.8 bn at the end of the second quarter, compared <\/strong>to<\/strong> USD 25.5 bn <\/strong>in 1Q<\/strong>, according to Reuters<\/a>.<\/p>\n

REMEMBER-<\/strong> The PIF\u2019s AUM rose 19.3% y-o-y to SAR 3.4 tn by the end of 2024<\/a>, with 82% deployed locally, 17% internationally, and 2% in treasuries. Saudi equity holdings accounted for 36% of AUM, or SAR 1.2 tn, up 11 percentage points y-o-y, making it the only portfolio segment to increase its share of total assets. That aligns with PIF\u2019s strategy to trim overseas exposure<\/a> from 30% to the 18-20% range while doubling down on domestic diversification projects and attracting co-investment from foreign firms in the Kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"

The PIF\u2019s US portfolio reached USD 23.8 bn at the end of the second quarter compared to USD 25.5 bn in 1Q<\/p>\n","protected":false},"author":1,"featured_media":99723,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2572],"tags":[3921,10,300,1151,3914],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pif-watch","tag-divestment","tag-enterpriseam-ksa","tag-pif-watch","tag-public-investment-fund-pif","tag-us-stocks","wpautop","entry"],"acf":{"mongo_id":"8ce2c6d0-e4b0-4d7e-b108-dedfa9a8dc18","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1015.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF sells its stake in Meta, Shopify, PayPal, Alibaba, Nu Holdings, FedEx","related_issue":[99713],"teaser":"The PIF\u2019s US portfolio reached USD 23.8 bn at the end of the second quarter compared to USD 25.5 bn in 1Q","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.d32854e2-ff43-4589-8e10-d6da189537c4.mp3"},"yoast_head":"\nPIF sells its stake in Meta, Shopify, PayPal, Alibaba, Nu Holdings, FedEx - 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