<p>Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, according to a US regulatory filing. The $300 billion Public Investment Fund (PIF) has been buying minority stakes in companies across the world, taking advantage of market weakness in the wake of the coronavirus outbreak.</p>.<p>The PIF disclosed stakes worth $713.7 million in Boeing, about $522 million in Citigroup, $522 million in Facebook, $495.8 million in Disney and $487.6 million in Bank of America, the Securities and Exchange Commission (SEC) filing on Friday showed.</p>.<p>The PIF has a nearly $514 million stake in Marriott and a small stake in Berkshire Hathaway, according to the filing. The PIF also disclosed an $827.7 million stake in oil company BP, which has American Depository Receipts (ADRs) listed in the United States.</p>.<p>The sovereign wealth fund was not immediately available to comment.</p>.<p>Last month its head, Yasir al-Rumayyan, said the fund was looking into investment opportunities in areas such as aviation, oil and gas, and entertainment, adding that there would be a lot of potential for investment opportunities once the coronavirus crisis passes.</p>.<p><strong>Energy Giants</strong></p>.<p>The PIF disclosed an 8.2% stake in coronavirus-hit Carnival Corp in April, sending the cruise operator's shares nearly 30% higher.</p>.<p>The Saudi fund bought stakes in Royal Dutch Shell, Total, Eni and Equinor earlier this year, a source familiar with the transactions told Reuters on April 9.</p>.<p>The SEC filing on Friday showed it had a $483.6 million stake in Shell, a $222.3 million holding in Total and a $481 million stake in Suncor Energy.</p>.<p>An earlier filing in Norway had shown the PIF had a 0.3% stake in oil and gas firm Equinor.</p>.<p>PIF already has a $2 billion stake in Uber Technologies and electric car company Lucid Motors. It used to own a small stake in electric carmaker Tesla, but the latest filing did not show any exposure. </p>
<p>Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, according to a US regulatory filing. The $300 billion Public Investment Fund (PIF) has been buying minority stakes in companies across the world, taking advantage of market weakness in the wake of the coronavirus outbreak.</p>.<p>The PIF disclosed stakes worth $713.7 million in Boeing, about $522 million in Citigroup, $522 million in Facebook, $495.8 million in Disney and $487.6 million in Bank of America, the Securities and Exchange Commission (SEC) filing on Friday showed.</p>.<p>The PIF has a nearly $514 million stake in Marriott and a small stake in Berkshire Hathaway, according to the filing. The PIF also disclosed an $827.7 million stake in oil company BP, which has American Depository Receipts (ADRs) listed in the United States.</p>.<p>The sovereign wealth fund was not immediately available to comment.</p>.<p>Last month its head, Yasir al-Rumayyan, said the fund was looking into investment opportunities in areas such as aviation, oil and gas, and entertainment, adding that there would be a lot of potential for investment opportunities once the coronavirus crisis passes.</p>.<p><strong>Energy Giants</strong></p>.<p>The PIF disclosed an 8.2% stake in coronavirus-hit Carnival Corp in April, sending the cruise operator's shares nearly 30% higher.</p>.<p>The Saudi fund bought stakes in Royal Dutch Shell, Total, Eni and Equinor earlier this year, a source familiar with the transactions told Reuters on April 9.</p>.<p>The SEC filing on Friday showed it had a $483.6 million stake in Shell, a $222.3 million holding in Total and a $481 million stake in Suncor Energy.</p>.<p>An earlier filing in Norway had shown the PIF had a 0.3% stake in oil and gas firm Equinor.</p>.<p>PIF already has a $2 billion stake in Uber Technologies and electric car company Lucid Motors. It used to own a small stake in electric carmaker Tesla, but the latest filing did not show any exposure. </p>