The Saudi Public Investment Fund reduced its investments in the US market by 25%.
According to Arabiya Net, a disclosure of the fund in the third quarter of 2020 revealed a map of the fund's investments in the US market, which showed a decrease in the value of the fund's investments from $ 10.12 billion to $ 7.6 billion, which means that the Fund has liquidated shares worth about $ 2.5 billion.
and the fund kept 8 shares in its portfolio for the US market.
The disclosure included the fund's purchase of the shares of two companies and the exit from stakes in the shares of 6 companies, while the fund's shares in the shares of 6 other companies did not change.
The disclosures included the fund's stakes in 14 companies.
and according to the disclosure; The fund purchased shares in two companies, the Canadian gold exploration company Novagold, where it bought 13 million shares, with a market value of between $ 104-130 million.
The fund has also purchased 53.75 million shares in CHURCHILL CAPITAL REDEEMABLE UNITS CLASS A at a value close to $ 530 million.
and the fund's exit from the shares of 6 companies entirely, namely Cisco, Berkshire Hathaway, owned by the American billionaire Warren Buffett, Booking Reservations site, UN Bell Trains, CNQ Oil, in addition to To the SPDR Real Estate ETF.
and the shares of 6 companies were kept unchanged, including Uber, Live Nation Entertainment, Cruise Ship Carnival, Oil Sankor, ADP Services, ETF Services Fund and its symbol is XLRE .
The total value of the portfolio is currently $ 7.6 billion.
The disclosure does not disclose the price of the cost of shares at the time of purchase or the prices of these shares at the time of sale.
