BANGALORE/DUBAI, Aug 14 (Reuters) - Saudi Arabia's

almost $1 trillion sovereign wealth fund sold its stakes in

several U.S.-listed companies - including Meta, Shopify ( SHOP )

and PayPal ( PYPL ) - in the second quarter, according

to securities filings released on Thursday.

The Public Investment Fund also sold its stakes in Alibaba

Group ( BABA ), Nu Holdings ( NU ) and FedEx ( FDX ), the 13F

filings show, during a quarter in which U.S. stock markets

rebounded from an April drop tied to U.S. tariff policies.

The filings showed that PIF no longer held any shares in

Meta, Shopify ( SHOP ), PayPal ( PYPL ), Alibaba ( BABA ), Nu Holdings ( NU ) and FedEx ( FDX ).

Its previous filing showed that, at the end of March, the

fund had 667,996 class A shares in Meta, 1.25 million class A

shares in Shopify ( SHOP ), 1.76 million shares in PayPal ( PYPL ), 6.83 million

shares class A shares in Nu Holdings ( NU ), 1.61 million in Alibaba ( BABA )

sponsored ADS, and 498,164 common shares in FedEx ( FDX ).

PIF's total exposure to U.S. equities, which include call

options that give the state investor a right to buy an

underlying asset at a specified price within a specific time

period, was valued at $23.8 billion at the end of the second

quarter, versus $25.5 billion at the end of the first quarter.

Tasked with spearheading Saudi Arabia's economic

diversification under Crown Prince Mohammed bin Salman's Vision

2030 plan, PIF has moved well beyond its early holdings in Saudi

public equities and infrastructure.

In recent years, the fund took high-profile stakes in global

brands, such as Uber ( UBER ) and Lucid Motors, while also

backing sports ventures including LIV Golf and English soccer

club Newcastle United.

At home, it has poured billions into giga-projects such as

NEOM, the futuristic city on the Red Sea, and sectors like

tourism, logistics, and clean energy.