Asia Tech Wire (Oct 9) -- Saudi Arabia's sovereign wealth fund has reduced its stake in Nintendo, dropping its holding to 7.54%, the latest filing shows.

According to documents filed by Saudi Arabia's Public Investment Fund (PIF) with Japan's Ministry of Finance on Tuesday, the PIF sold nearly 17.3 million Nintendo shares between Aug. 21 and Oct. 1, reducing its shareholding from 8.58% to 7.54%.

Prince Faisal bin Bandar bin Sultan Al Saud, vice chairman of PIF subsidiary Savvy Games Group, said earlier in an interview that the fund was considering increasing its stake in Nintendo and other Japanese game companies.