Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has decreased its ownership stake in Nintendo Co. from 7.5% to 6.3%. This decision is part of an ongoing selling spree that began in August, with over 17 million shares sold over a six-week period leading up to October.
The fund has been actively managing its investments in the gaming sector and this reduction in holdings reflects a strategic adjustment and potential reevaluation of its portfolio in response to market conditions.