Saudi PIF buys shares in Alphabet, Zoom and Microsoft in U.S. shopping spree

DUBAI: Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of U.S. stocks, bringing the sovereign wealth fund’s second-quarter investments to about $40.8 billion.

The PIF acquired 213,000 class A shares in Alphabet, 4.7 million class A shares in Zoom and 1.8 million shares in Microsoft, a U.S. Securities and Exchange Commission filing showed.