Saudi Arabia sovereign fund takes stake in Bloom Energy, ups positions in EA, Sea
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Saudi Arabia's sovereign wealth fund took a stake in solid-oxide fuel cells maker Bloom Energy (NYSE:BE) in Q1 2023, while increasing its holdings in videogame publisher Electronic Arts (NASDAQ:EA) and Singapore-based internet company Sea (NYSE:SE).
The fund also cut its stake in payments processor Visa (V) and Chinese online retailer PDD (PDD), the parent of Pinduoduo. 
The Public Investment Fund (PIF) disclosed the information in its latest 13F filing for the three months ended March 31, 2023, published on Monday.
PIF took in 1.07M class A shares in Bloom Energy (BE). It upped its stake in EA to 24.81M shares from 16.01M shares in Q4 2022. It more than tripled its holdings in SE to 833.3K American depositary shares from 239.4K in Q4. 
PIF also raised its stake in payment tech firm PayPal (PYPL) by 6.2% to 7.5M shares and marginally bumped up its stake in industrial gas and chemical company Air Products (APD) by 0.7% to 2.70M shares.
Turning to cuts, PIF trimmed its position in PDD by 23.9% to 1.17M American depositary shares from 1.54M in Q4. It cut its stake in Visa (V) by 13.3% to 954.9K class A shares. It also pulled back its holdings in Canadian fuel cell products maker Ballard Power Systems (BLDP) by 27.4% to 7.05M shares.
The sovereign fund kept its other stakes unchanged.
In Q4 2022, PIF had upped its stake in electric vehicle manufacturer Lucid (LCID) while decreasing its position in online fashion retailer Farfetch (FTCH).
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