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Saudi Arabia’s Public Investment Fund goes on US stock shopping spree

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Saudi Arabia’s Public Investment Fund added myriad U.S. stocks to its portfolio in the second quarter.

The company purchased 213,000 class A shares in Alphabet, 4.7 million class A shares in Zoom and 1.8 million shares in Microsoft, among other stock acquisitions.

At the end of the quarter, the sovereign wealth fund's investment portfolio's market value was $40.8 billion.

Read more from Reuters.

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