PIF increases its stake in Amazon by 50%

The Saudi Public Investment Fund increased its stake in Amazon by approximately 50% to 1.2 million shares by the end of the first quarter of 2025, while also increasing its stake in Bloom Energy by 17% to 3.8 million shares during the same period.

According to data filed with the U.S. Securities and Exchange Commission, the fund reduced its stake in Pinterest by 25.4% to 4.1 million shares, in addition to reducing its stake in Meta by approximately 90% to 39,900 shares.