Saudi Arabia’s sovereign wealth fund exited positions in several US-listed stocks in the second quarter, including Meta Platforms Inc., during a period of market volatility sparked by President Donald Trump’s tariff policies.
The $1 trillion Public Investment Fund also sold holdings in FedEx Corp. and Shopify Inc., according to a Bloomberg News analysis of its latest 13F filing. Meta, the parent of Facebook and Instagram, rose about 28% during the quarter and was among the PIF’s biggest exits.