Saudi Central Bank opens new positions in SanDisk, Honeywell in Q3: 13F

The Saudi central bank's 13F reads less like a macro signal than a large allocator rotating its listed equity book: adding megacap technology while exiting cruise operators and a quantum-computing name. The new SanDisk and Honeywell lines, set against the Micron, Nvidia and other tech names already among its largest holdings, suggest continued appetite for semiconductor and industrial exposure within the disclosed portfolio. What matters is whether these shifts reflect a durable positioning change or routine quarterly rebalancing — the next filing is the open question, and the cruise exits are worth watching against the trimmed AerCap and Domino's stakes.