Lucid, Activision, EA, Uber: Here's where Saudi Arabia's sovereign wealth fund has invested

Saudi Arabia's sovereign wealthiness fund, known arsenic the Public Investment Fund oregon PIF, is an progressive subordinate successful U.S. nationalist and backstage markets.

Unlike astir U.S. funds, it isn't required to interruption down its holdings successful either of those markets. But among the documents disclosed successful the caller PGA-LIV merger hearings was a antecedently unreported database of the sovereign wealthiness fund's apical nationalist equity holdings, valued astatine immoderate $35.5 billion. From that report, it appears that has made a wide bid of bets connected experiential offerings, ranging from gaming to in-person entertainment.

The list, which was updated arsenic of March 31, shows a $8.9 cardinal involvement successful electrical automaker Lucid, constituting astir 25% of PIF's equity holdings. PIF controls astir 60% of Lucid's outstanding shares astatine the clip of publication.

PIF's 2nd largest stake, successful Activision Blizzard, was valued astatine $3.3 cardinal and amounted to 9.1% of PIF's nationalist equity holdings. Shares successful the crippled shaper were up much than 10% successful mid-day trading connected Tuesday arsenic a justice declined the Federal Trade Commission's petition for an injunction to stall Microsoft's woody to get the company.

In descending bid of size, PIF's adjacent largest firm holdings were successful Electronic Arts ($2.98 billion, oregon 8.4% of its portfolio), Uber ($2.3 billion, oregon 8.4%), Take Two Software ($1.36 billion, oregon 3.8%) and Live Nation ($880 cardinal oregon 2.5%).

Saudi Arabia has enjoyed privileged entree and outsize attraction from task superior and backstage equity firms, which are keen to activate the kingdom's heavy pockets arsenic it diversifies distant from oil-and-gas investments nether the absorption of Crown Prince Mohammed bin Salman.

Here's the afloat list: