Temasek Holdings (Private) Ltd

SINGAPORE, U0 · CIK 1021944 · 13F filing filed 2026-08-07

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$36.5bn reported value +22.8% vs Q1 2026

176positions

52.5%in top 10

58 new 43 added 42 reduced 14 sold out vs Q1 2026

Options: 7 call positions ($111.1m notional), 13 put positions ($640.8m notional) – listed below, not included above.

This report includes the holdings of 39 other managers that share the investment decisions:

Alberta Investments Pte. Ltd. – reports through this filing
Alsek Investments Pte. Ltd. – reports through this filing
Anderson Investments Pte. Ltd. – reports through this filing
Antero Investments Pte. Ltd. – reports through this filing
Aranda Investments Pte. Ltd. – reports through this filing
Bartley Investments Pte. Ltd. – reports through this filing
Bayfront Investments Pte. Ltd. – reports through this filing
Birchtree Fund Investments Private Ltd – reports through this filing

31 more

Canhill Investments Pte. Ltd. – reports through this filing
Dahlia Investments Pte. Ltd. – reports through this filing
Ellington Investments Pte. Ltd. – reports through this filing
Esta Investments Pte. Ltd. – reports through this filing
Evans Investments Pte. Ltd. – reports through this filing
Fullerton Fund Investments Pte Ltd – reports through this filing
Fullerton Management Pte Ltd – reports through this filing
Hong Lim Fund Investments Pte Ltd – reports through this filing
Hotham Investments Pte. Ltd. – reports through this filing
Ixora Investments Pte. Ltd. – reports through this filing
Mana Peak Investments Pte. Ltd. – reports through this filing
Munday Investments Pte. Ltd. – reports through this filing
Napier Investments Pte. Ltd. – reports through this filing
Ossa Investments Pte. Ltd. – reports through this filing
Robson Investments Pte. Ltd. – reports through this filing
Seletar Investments Pte Ltd – reports through this filing
TLS Beta Pte. Ltd. – reports through this filing
Taibai Investments Pte. Ltd. – reports through this filing
Temasek Capital (Americas) Holdings Pte. Ltd. – reports through this filing
Temasek Capital (China) Holdings Pte. Ltd. – reports through this filing
Temasek Capital (India) Holdings Pte. Ltd. – reports through this filing
Temasek Capital (Private) Ltd – reports through this filing
Temasek Life Sciences Private Ltd – reports through this filing
Tembusu Capital Pte. Ltd. – reports through this filing
Thomson Capital Pte. Ltd. – reports through this filing
V-Sciences Investments Pte Ltd – reports through this filing
Venezio Investments Pte. Ltd. – reports through this filing
Waddington Investments Pte. Ltd. – reports through this filing
Walsh Investments Pte. Ltd. – reports through this filing
Whitecap Investments Pte. Ltd. – reports through this filing
Zulia Investments Pte. Ltd. – reports through this filing

Also in the report of:

Singapore Technologies Telemedia Pte Ltd

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BLACKROCK INC COM BLK	BLK	5,195,165	$5.0bn13.69%	13.69%	Reduced -135.3k	-135,327 -2.5%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,076,378	$2.5bn6.93%	6.93%	Added +2.4m	+2,373,642 50.5%
3	VISA INC COM CL A V	V	6,597,214	$2.3bn6.20%	6.20%	Reduced -74.4k	-74,414 -1.1%
4	NVIDIA CORPORATION COM NVDA	NVDA	8,404,723	$1.7bn4.61%	4.61%	Reduced -498.1k	-498,085 -5.6%
5	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	9,831,945	$1.7bn4.60%	4.60%	New
6	MASTERCARD INCORPORATED CL A MA	MA	3,253,602	$1.7bn4.58%	4.58%	Added +34.9k	+34,891 1.1%
7	BROADCOM INC COM AVGO	AVGO	3,740,773	$1.4bn3.87%	3.87%	Added +200.1k	+200,143 5.7%
8	AMAZON COM INC COM AMZN	AMZN	4,570,184	$1.1bn2.98%	2.98%	Added +86.1k	+86,112 1.9%
9	MICROSOFT CORP COM MSFT	MSFT	2,642,483	$985.7m2.70%	2.70%	Reduced -24.6k	-24,598 -0.9%
10	ICICI BANK LIMITED ADR IBN	IBN	29,195,789	$847.6m2.32%	2.32%	Unchanged
11	ALPHABET INC CAP STK CL C GOOG	GOOG	2,000,000	$706.7m1.94%	1.94%	New
12	DOORDASH INC CL A DASH	DASH	3,461,501	$638.8m1.75%	1.75%	Unchanged
13	S&P GLOBAL INC COM SPGI	SPGI	1,506,913	$613.7m1.68%	1.68%	Added +110.5k	+110,461 7.9%
14	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,163,729	$583.4m1.60%	1.60%	Reduced -32.1k	-32,070 -2.7%
15	GE VERNOVA INC COM GEV	GEV	477,264	$560.7m1.54%	1.54%	Reduced -60.9k	-60,864 -11.3%
16	SEA LTD SPONSORD ADS SE	SE	5,744,587	$550.5m1.51%	1.51%	Added +461.7k	+461,726 8.7%
17	INTAPP INC COM INTA	INTA	17,146,805	$432.3m1.18%	1.18%	Unchanged
18	ROBLOX CORP CL A RBLX	RBLX	7,777,760	$423.0m1.16%	1.16%	Unchanged
19	TPG INC COM CL A TPG	TPG	10,163,065	$412.1m1.13%	1.13%	Added +135.0k	+134,958 1.4%
20	HDFC BANK LTD SPONSORED ADS HDB	HDB	15,305,232	$395.3m1.08%	1.08%	Added +2.7m	+2,745,576 21.9%
21	ERMENEGILDO ZEGNA N V ORD SHS ZGN	ZGN	27,242,276	$354.7m0.97%	0.97%	Unchanged
22	TECK RESOURCES LTD CL B TECK	TECK	5,685,453	$337.9m0.93%	0.93%	Unchanged
23	KKR & CO INC COM KKR	KKR	3,669,339	$336.8m0.92%	0.92%	Added +146.5k	+146,542 4.2%
24	LAM RESEARCH CORP COM NEW LRCX	LRCX	755,004	$327.2m0.90%	0.90%	Reduced -5.3k	-5,331 -0.7%
25	AIRBNB INC COM CL A ABNB	ABNB	2,222,194	$318.0m0.87%	0.87%	Unchanged
26	BOOKING HOLDINGS INC COM BKNG	BKNG	1,710,363	$304.9m0.84%	0.84%	Added +308.6k	+308,588 22.0%
27	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	5,919,494	$299.3m0.82%	0.82%	Unchanged
28	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	3,622,972	$276.4m0.76%	0.76%	Reduced -1.3m	-1,303,089 -26.4%
29	TRANSDIGM GROUP INC COM TDG	TDG	203,419	$271.0m0.74%	0.74%	Reduced -15.5k	-15,466 -7.1%
30	MARVELL TECHNOLOGY INC COM MRVL	MRVL	860,962	$256.5m0.70%	0.70%	Reduced -655.4k	-655,424 -43.2%
31	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	672,466	$252.4m0.69%	0.69%	Reduced -76.6k	-76,647 -10.2%
32	LINDE PLC SHS LIN	LIN	477,371	$247.7m0.68%	0.68%	Reduced -4.0k	-3,983 -0.8%
33	COMFORT SYS USA INC COM FIX	FIX	124,436	$246.6m0.68%	0.68%	Added +30.1k	+30,080 31.9%
34	BEIGENE LTD SPONSORED ADR ONC	ONC	845,729	$241.0m0.66%	0.66%	Reduced -16.9k	-16,914 -2.0%
35	APOLLO GLOBAL MGMT INC COM APO	APO	2,029,395	$240.1m0.66%	0.66%	Reduced -338.8k	-338,767 -14.3%
36	GE AEROSPACE COM NEW GE	GE	605,033	$226.1m0.62%	0.62%	Added +1.6k	+1,615 0.3%
37	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	112,079	$223.0m0.61%	0.61%	New
38	ELI LILLY & CO COM LLY	LLY	151,473	$181.7m0.50%	0.50%	Reduced -21.8k	-21,786 -12.6%
39	NETFLIX INC COM NFLX	NFLX	2,526,344	$180.4m0.49%	0.49%	Added +457.9k	+457,897 22.1%
40	DENALI THERAPEUTICS INC COM DNLI	DNLI	7,012,974	$180.4m0.49%	0.49%	Unchanged
41	WELLS FARGO CO NEW COM WFC	WFC	2,176,553	$179.9m0.49%	0.49%	Added +514.8k	+514,781 31.0%
42	MSCI INC COM MSCI	MSCI	306,549	$171.7m0.47%	0.47%	Reduced -119.3k	-119,314 -28.0%
43	ISHARES INC MSCI STH KOR ETF EWY	EWY	849,798	$171.6m0.47%	0.47%	Added +182.7k	+182,742 27.4%
44	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	430,769	$171.3m0.47%	0.47%	Added +203.6k	+203,558 89.6%
45	META PLATFORMS INC CL A META	META	297,018	$167.3m0.46%	0.46%	Added +54.7k	+54,706 22.6%
46	STERLING INFRASTRUCTURE INC COM STRL	STRL	193,724	$162.6m0.45%	0.45%	Added +134.8k	+134,774 228.6%
47	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	2,515,393	$161.0m0.44%	0.44%	Reduced -745.9k	-745,916 -22.9%
48	UNITEDHEALTH GROUP INC COM UNH	UNH	371,886	$154.6m0.42%	0.42%	Reduced -14.0k	-13,970 -3.6%
49	INVESCO EXCH TRADED FD TR II KBW BK ETF KBWB	KBWB	1,660,256	$154.4m0.42%	0.42%	Added +555.4k	+555,394 50.3%
50	FTAI AVIATION LTD SHS FTAI	FTAI	567,875	$153.6m0.42%	0.42%	Added +255.3k	+255,262 81.7%
51	GUARDANT HEALTH INC COM GH	GH	1,023,927	$153.6m0.42%	0.42%	Added +38.4k	+38,356 3.9%
52	MICRON TECHNOLOGY INC COM MU	MU	133,006	$153.5m0.42%	0.42%	Added +66.1k	+66,136 98.9%
53	CATERPILLAR INC COM CAT	CAT	140,673	$149.8m0.41%	0.41%	Added +88.1k	+88,120 167.7%
54	PROGRESSIVE CORP COM PGR	PGR	671,975	$146.8m0.40%	0.40%	Reduced -321.6k	-321,613 -32.4%
55	APPLE INC COM AAPL	AAPL	504,475	$146.0m0.40%	0.40%	Reduced -8.6k	-8,588 -1.7%
56	BIONTECH SE SPONSORED ADS BNTX	BNTX	1,506,027	$140.1m0.38%	0.38%	Unchanged
57	DESCARTES SYS GROUP INC COM DSGX	DSGX	2,011,165	$139.1m0.38%	0.38%	Added +547.0k	+547,000 37.4%
58	UNITY SOFTWARE INC COM U	U	4,582,843	$131.0m0.36%	0.36%	Unchanged
59	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	1,313,262	$126.0m0.35%	0.35%	Unchanged
60	VERTIV HOLDINGS CO COM CL A VRT	VRT	375,695	$125.8m0.34%	0.34%	Reduced -35.9k	-35,936 -8.7%
61	ARISTA NETWORKS INC COM SHS ANET	ANET	669,072	$113.7m0.31%	0.31%	New
62	CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO	CRDO	415,508	$113.0m0.31%	0.31%	New
63	FLYWIRE CORPORATION COM VTG FLYW	FLYW	6,173,385	$108.5m0.30%	0.30%	Unchanged
64	MERCK & CO INC COM MRK	MRK	816,101	$104.9m0.29%	0.29%	New
65	ASTRAZENECA PLC ORD AZN	AZN	554,410	$103.5m0.28%	0.28%	Added +188.9k	+188,856 51.7%
66	BOSTON SCIENTIFIC CORP COM BSX	BSX	2,399,426	$102.4m0.28%	0.28%	Unchanged
67	PALO ALTO NETWORKS INC COM PANW	PANW	297,538	$101.5m0.28%	0.28%	Reduced -166.6k	-166,580 -35.9%
68	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	1,973,943	$99.8m0.27%	0.27%	Unchanged
69	KLA CORP COM NEW KLAC	KLAC	323,870	$97.7m0.27%	0.27%	Unchanged
70	H WORLD GROUP LTD SPONSORED ADS HTHT	HTHT	2,309,215	$96.3m0.26%	0.26%	Added +98.8k	+98,824 4.5%
71	ZTO EXPRESS CAYMAN INC SPONSORED ADS A ZTO	ZTO	4,147,325	$92.8m0.25%	0.25%	Unchanged
72	CAMECO CORP COM CCJ	CCJ	899,442	$91.6m0.25%	0.25%	Added +247.1k	+247,100 37.9%
73	NETEASE INC SPONSORED ADS NTES	NTES	708,114	$90.7m0.25%	0.25%	Unchanged
74	MAKEMYTRIP LIMITED MAURITIUS SHS MMYT	MMYT	1,701,456	$90.7m0.25%	0.25%	Unchanged
75	TRIP COM GROUP LTD ADS TCOM	TCOM	2,239,671	$89.2m0.24%	0.24%	Unchanged
76	HOME DEPOT INC COM HD	HD	252,804	$89.2m0.24%	0.24%	Added +89.6k	+89,552 54.9%
77	DEERE & CO COM DE	DE	136,546	$86.6m0.24%	0.24%	Added +70.4k	+70,405 106.5%
78	PEPSICO INC COM PEP	PEP	579,619	$78.5m0.22%	0.22%	Unchanged
79	YUM CHINA HLDGS INC COM YUMC	YUMC	1,916,519	$78.3m0.21%	0.21%	Reduced -801.0k	-801,029 -29.5%
80	AMER SPORTS INC COM SHS AS	AS	2,308,829	$78.1m0.21%	0.21%	Reduced -1.4m	-1,356,328 -37.0%
81	WALMART INC COM WMT	WMT	684,723	$77.6m0.21%	0.21%	Added +471.1k	+471,061 220.5%
82	APPLIED AEROSPACE & DEFENSE COMMON STOCK AADX	AADX	3,250,000	$74.0m0.20%	0.20%	New
83	TJX COS INC NEW COM TJX	TJX	479,513	$72.6m0.20%	0.20%	New
84	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	906,800	$68.4m0.19%	0.19%	New
85	ALCOA CORP COM AA	AA	1,300,647	$67.8m0.19%	0.19%	Unchanged
86	ARXIS INC CL A COM ARXS	ARXS	1,373,801	$63.4m0.17%	0.17%	New
87	CEREBRAS SYSTEMS INC COM CL A CBRS	CBRS	279,200	$61.7m0.17%	0.17%	New
88	KANZHUN LIMITED SPONSORED ADS BZ	BZ	4,345,925	$55.9m0.15%	0.15%	Unchanged
89	MARSH & MCLENNAN COS INC COM MRSH	MRSH	325,980	$54.3m0.15%	0.15%	Added +96.9k	+96,893 42.3%
90	DANAHER CORPORATION COM DHR	DHR	281,764	$53.7m0.15%	0.15%	Reduced -25.0k	-25,012 -8.2%
91	SOUTHERN COPPER CORP COM SCCO	SCCO	272,979	$47.6m0.13%	0.13%	Added +2.7k	+2,702 1.0%
92	FREEPORT-MCMORAN INC CL B FCX	FCX	669,247	$42.1m0.12%	0.12%	Unchanged
93	KE HLDGS INC SPONSORED ADS BEKE	BEKE	2,896,151	$42.1m0.12%	0.12%	Reduced -151.2k	-151,206 -5.0%
94	TERADYNE INC COM TER	TER	81,246	$39.3m0.11%	0.11%	Reduced -8.2k	-8,244 -9.2%
95	GLOBAL E ONLINE LTD SHS GLBE	GLBE	1,095,454	$38.0m0.10%	0.10%	Reduced -711.7k	-711,729 -39.4%
96	QUALCOMM INC COM QCOM	QCOM	195,386	$36.1m0.10%	0.10%	New
97	ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS ATAT	ATAT	1,076,555	$34.2m0.09%	0.09%	Added +998.3k	+998,311 1275.9%
98	GLOBAL X FDS GLOBAL X COPPER COPX	COPX	426,814	$32.9m0.09%	0.09%	New
99	APPLOVIN CORP COM CL A APP	APP	62,825	$32.4m0.09%	0.09%	Reduced -69.0k	-68,997 -52.3%
100	SNOWFLAKE INC CL A SNOW	SNOW	118,671	$30.2m0.08%	0.08%	Reduced -85.1k	-85,079 -41.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SALESFORCE INC CRM	CRM	809,900	$151.2m809.9k shares
WORKDAY INC WDAY	WDAY	889,318	$115.5m889.3k shares
ONESTREAM INC OS	OS	4,266,714	$102.4m4.3m shares
NEXTERA ENERGY INC NEE	NEE	459,165	$42.6m459.2k shares
ISHARES INC EWZ	EWZ	1,076,815	$41.3m1.1m shares
INTUIT INTU	INTU	85,100	$36.8m85.1k shares
SERVICENOW INC NOW	NOW	342,230	$35.8m342.2k shares
PAYONEER GLOBAL INC PAYO	PAYO	6,725,231	$32.5m6.7m shares
NIKE INC NKE	NKE	471,984	$24.9m472.0k shares
XPENG INC XPEV	XPEV	1,194,538	$20.4m1.2m shares
FIREFLY AEROSPACE INC FLY	FLY	663,155	$18.9m663.2k shares
CUMMINS INC CMI	CMI	23,019	$12.4m23.0k shares
TASEKO MINES LTD		423,901	$2.7m423.9k shares
RAPID MICRO BIOSYSTEMS INC RPID	RPID	21,818	$49.5k21.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
GE VERNOVA INC GEV · Put	GEV	Put	101,100	$118.8m101.1k shares	Reduced
LAM RESEARCH CORP LRCX · Put	LRCX	Put	237,200	$102.8m237.2k shares	Unchanged
STERLING INFRASTRUCTURE INC STRL · Put	STRL	Put	100,700	$84.5m100.7k shares	New
UNITY SOFTWARE INC U · Put	U	Put	2,529,800	$72.3m2.5m shares	Reduced
META PLATFORMS INC META · Put	META	Put	92,500	$52.1m92.5k shares	Reduced
NVIDIA CORPORATION NVDA · Put	NVDA	Put	230,000	$46.0m230.0k shares	Unchanged
VERTIV HOLDINGS CO VRT · Put	VRT	Put	117,800	$39.4m117.8k shares	Unchanged
TRANSDIGM GROUP INC TDG · Put	TDG	Put	24,700	$32.9m24.7k shares	New
APPLOVIN CORP APP · Put	APP	Put	55,800	$28.7m55.8k shares	Reduced
THERMO FISHER SCIENTIFIC INC TMO · Put	TMO	Put	55,800	$28.0m55.8k shares	Added
FTAI AVIATION LTD FTAI · Call	FTAI	Call	95,700	$25.9m95.7k shares	New
CREDO TECHNOLOGY GROUP HOLDI CRDO · Call	CRDO	Call	93,800	$25.5m93.8k shares	New
INTUITIVE SURGICAL INC ISRG · Call	ISRG	Call	63,100	$25.1m63.1k shares	New
CEREBRAS SYSTEMS INC CBRS · Put	CBRS	Put	99,400	$22.0m99.4k shares	New
UNITY SOFTWARE INC U · Call	U	Call	588,200	$16.8m588.2k shares	Reduced
FIREFLY AEROSPACE INC FLY · Call	FLY	Call	400,000	$11.8m400.0k shares	Unchanged
ASML HOLDING N V ASML · Put	ASML	Put	3,800	$7.6m3.8k shares	New
BOOKING HOLDINGS INC BKNG · Put	BKNG	Put	32,100	$5.7m32.1k shares	Reduced
ASML HOLDING N V ASML · Call	ASML	Call	2,100	$4.2m2.1k shares	New
BOOKING HOLDINGS INC BKNG · Call	BKNG	Call	10,500	$1.9m10.5k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ERMENEGILDO ZEGNA N V ZGN · 13D · filed 2025-08-04	ZGN	10.0%≈ $347.7m	new	13D	2025-08-04
AMBER INTL HLDG LTD AMBR · 13G · filed 2026-06-05	AMBR	7.1%	new	13G	2026-06-05
TPG INC TPG · 13G · filed 2026-04-17	TPG	6.5%≈ $406.6m	-0.7 pts	13G	2026-04-17
LUCKIN COFFEE INC LKNCY · 13G · filed 2026-05-22	LKNCY	6.4%	new	13G	2026-05-22