نورهان فؤاد
- U.S. equity holdings declined from $19.4 billion to $12.9 billion within one quarter.
- Holdings reached their lowest level since Q4 2020.
- The restructuring included transferring Take-Two shares to Savvy Games Group as part of a broader strategic portfolio realignment.
The Public Investment Fund (PIF) reduced the value of its U.S.-listed equity portfolio to $12.9 billion at the end of the fourth quarter of 2025, down from $19.4 billion at the end of the third quarter, according to its latest filing with the U.S. Securities and Exchange Commission (SEC).
This marks the fund’s lowest level of U.S. equity holdings since the fourth quarter of 2020, reflecting a significant portfolio rebalancing move.
According to the filing, the fund currently holds stakes in five companies:
- Lucid Group
- Electronic Arts
- Uber Technologies
- Allurion Technologies
- Clarivate
The filing also noted that PIF’s ownership in Take-Two Interactive was transferred to its subsidiary Savvy Games Group, and therefore does not appear within the direct holdings disclosed to the SEC.
The portfolio adjustment comes as Saudi Arabia continues to accelerate economic diversification efforts under Saudi Vision 2030, with PIF playing a central role in deploying capital both domestically and internationally to support long-term strategic objectives.
