Saudi Arabia’s Sovereign Wealth Fund Trims Nintendo Stake Again
- The PIF began paring back its Nintendo stake in August
- Fund is prioritizing investments in the domestic economy
Saudi Arabia’s sovereign wealth fund further trimmed its stake in Nintendo Co., deepening a selloff that began in August.
The Public Investment Fund cut its position in the the Kyoto-based games company to 6.3% from 7.5%, according to a filing to Japan’s Finance Ministry. That follows a sale of more than 17 million shares over a six-week period to October.