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Saudi Arabia’s sovereign wealth fund took a stake in solid-oxide gas cells maker Bloom Power (NYSE:BE) in Q1 2023, whereas growing its holdings in videogame writer Digital Arts (NASDAQ:EA) and Singapore-based web firm Sea (NYSE:SE).
The fund additionally lower its stake in funds processor Visa (V) and Chinese language on-line retailer PDD (PDD), the guardian of Pinduoduo.
The Public Funding Fund (PIF) disclosed the knowledge in its newest 13F submitting for the three months ended March 31, 2023, revealed on Monday.
PIF took in 1.07M class A shares in Bloom Power (BE). It upped its stake in EA to 24.81M shares from 16.01M shares in This autumn 2022. It greater than tripled its holdings in SE to 833.3K American depositary shares from 239.4K in This autumn.
PIF additionally raised its stake in fee tech agency PayPal (PYPL) by 6.2% to 7.5M shares and marginally bumped up its stake in industrial fuel and chemical firm Air Merchandise (APD) by 0.7% to 2.70M shares.
Turning to cuts, PIF trimmed its place in PDD by 23.9% to 1.17M American depositary shares from 1.54M in This autumn. It lower its stake in Visa (V) by 13.3% to 954.9K class A shares. It additionally pulled again its holdings in Canadian gas cell merchandise maker Ballard Energy Programs (BLDP) by 27.4% to 7.05M shares.
The sovereign fund saved its different stakes unchanged.
In This autumn 2022, PIF had upped its stake in electrical automobile producer Lucid (LCID) whereas reducing its place in on-line vogue retailer Farfetch (FTCH).
