Saudi PIF’s US Stock Holdings Decline to 2021 Low (Correct)

Saudi Arabia’s sovereign wealth fund exited positions in almost a dozen US-listed stocks in the third quarter, including Pinterest Inc.and industrial gas firm Linde Plc, taking the value of its holdings in American equities to the lowest since 2021.

The $1 trillion Public Investment Fund also sold off all of its stakes in Prologis Inc. and Air Products and Chemicals Inc., which is co-developing a green hydrogen plant in Saudi Arabia’s Neom, according to a Bloomberg News analysis of the fund’s latest 13F filing.

The PIF maintained positions in Uber Technologies Inc. and Electronic Arts Inc. The ...