Market

Here’s What the $430B Saudi Fund is Snapping Up to Triple U.S. Stake



The number of American stocks owned by Saudi Arabia’s Public Investment Fund (PIF) is now at $43.45 billion.

That number has nearly tripled from $16 billion in the third quarter that ended on Sept. 30. 

Some of the shares added include Alibaba ( (BABA) – Get Alibaba Group Holding Ltd. Sponsored ADR Report), Walmart ( (WMT) – Get Walmart Inc. Report) and Pinterest ( (PINS) – Get Pinterest, Inc. Class A Report) as well as Just Eat Takeaway.com (TKAYF) and Ballard Power Systems ( (BLDP) – Get Ballard Power Systems Inc. Report). T





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