One of the most active sovereign wealth funds on the planet, the Pubic Investment Fund (PIF), has purchased minority stakes in major US companies including Citi, Boeing and Facebook according to a US regulatory filing. The $300 billion Saudi fund is likely taking advantage of the recent selloff in global stock markets in which the US indices were down over 30% at the lows – of course now rallying back. The fund also has positions in Royal Dutch Shell, Total and Uber. It also disclosed a small stake in Berkshire Hathaway but PIF was not available for comment when asked.
The Saudi Sovereign Fund Discloses Its Positions in Citi, Boeing and Facebook
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