Saudi Sovereign-Wealth Fund Buys Stakes in Facebook, Boeing, Cisco Systems In the coronavirus pandemic’s financial fallout, Saudi Arabia’s $300 billion sovereign-wealth fund has emerged as one of the world’s biggest bargain hunters, taking minority stakes worth billions of dollars in American corporations. The Public Investment Fund in the first quarter bought shares valued at about half a billion dollars each in Facebook Inc., FB 1.97% Walt Disney Co., Marriott International Inc. MAR 0.64% and Cisco Systems Inc., CSCO 0.96% according to a U.S. regulatory filing late Friday. The fund bought financial stocks, investing $522 million in Citigroup Inc. C -0.33% and $488 million in Bank of America Corp., while also spending $714 million on a stake in Boeing Co. BA -2.06% The purchases, reported in a filing with the Securities and Exchange Commission, follow disclosures last month of stakes each valued at nearly $500 million in cruise operator Carnival Corp. CCL 4.16% and concert promoter Live Nation Entertainment Inc. https://www.wsj.com/articles/saudi-...-in-facebook-boeing-cisco-systems-11589633300
The Saudi bought from these guys: https://www.elitetrader.com/et/threads/program-trading-stock-report.340733/