# Temasek Holdings (Private) Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1021944. Source: https://holderbook.com/funds/1021944-temasek-holdings-private-ltd/

- Reported value: $37.3B
- Positions: 177
- Weight of the ten largest: 51.5%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $5.0B | 5,195,165 | 13.4% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.5B | 7,076,378 | 6.8% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.3B | 6,597,214 | 6.1% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7B | 8,404,723 | 4.6% | 18 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.7B | 9,831,945 | 4.5% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.7B | 3,253,602 | 4.5% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.4B | 3,740,773 | 3.8% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.1B | 4,570,184 | 2.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $985.7M | 2,642,483 | 2.6% | 12 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $847.6M | 29,195,789 | 2.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $706.7M | 2,000,000 | 1.9% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $679.5M | 477,264 | 1.8% | 9 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $638.8M | 3,461,501 | 1.7% | 23 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $613.7M | 1,506,913 | 1.6% | 18 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $611.4M | 1,163,729 | 1.6% | 31 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $550.5M | 5,744,587 | 1.5% | 24 |
| INTAPP INC | [INTA](https://holderbook.com/stocks/INTA/) | $432.3M | 17,146,805 | 1.2% | 21 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $430.0M | 755,004 | 1.2% | 2 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $423.0M | 7,777,760 | 1.1% | 22 |
| TPG INC | [TPG](https://holderbook.com/stocks/TPG/) | $412.1M | 10,163,065 | 1.1% | 18 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $395.3M | 15,305,232 | 1.1% | 31 |
| ERMENEGILDO ZEGNA N V | [ZGN](https://holderbook.com/stocks/ZGN/) | $354.7M | 27,242,276 | 1.0% | 5 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $337.9M | 5,685,453 | 0.9% | 9 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $336.8M | 3,669,339 | 0.9% | 6 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $318.0M | 2,222,194 | 0.9% | 21 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $312.4M | 1,710,363 | 0.8% | 12 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $303.9M | 203,419 | 0.8% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $299.3M | 5,919,494 | 0.8% | 4 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $276.4M | 3,622,972 | 0.7% | 8 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $256.5M | 860,962 | 0.7% | 11 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $252.4M | 672,466 | 0.7% | 8 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $247.7M | 477,371 | 0.7% | 12 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $247.1M | 193,724 | 0.7% | 2 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $246.6M | 124,436 | 0.7% | 3 |
| BEONE MEDICINES LTD | [ONC](https://holderbook.com/stocks/ONC/) | $241.0M | 845,729 | 0.6% | 31 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $240.1M | 2,029,395 | 0.6% | 4 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $234.7M | 112,079 | 0.6% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $226.1M | 605,033 | 0.6% | 11 |
| UNITY SOFTWARE INC | [U](https://holderbook.com/stocks/U/) | $220.1M | 4,582,843 | 0.6% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $219.4M | 297,018 | 0.6% | 12 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $196.4M | 430,769 | 0.5% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $181.7M | 151,473 | 0.5% | 9 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $180.4M | 2,526,344 | 0.5% | 9 |
| DENALI THERAPEUTICS INC | [DNLI](https://holderbook.com/stocks/DNLI/) | $180.4M | 7,012,974 | 0.5% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $179.9M | 2,176,553 | 0.5% | 6 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $179.5M | 567,875 | 0.5% | 2 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $171.7M | 306,549 | 0.5% | 18 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $171.6M | 849,798 | 0.5% | 12 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $165.2M | 375,695 | 0.4% | 3 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $161.0M | 2,515,393 | 0.4% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $154.6M | 371,886 | 0.4% | 4 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $154.4M | 1,660,256 | 0.4% | 4 |
| GUARDANT HEALTH INC | [GH](https://holderbook.com/stocks/GH/) | $153.6M | 1,023,927 | 0.4% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $153.5M | 133,006 | 0.4% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $149.8M | 140,673 | 0.4% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $146.8M | 671,975 | 0.4% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $146.0M | 504,475 | 0.4% | 12 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $140.1M | 1,506,027 | 0.4% | 24 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $139.1M | 2,011,165 | 0.4% | 5 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $138.5M | 415,508 | 0.4% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $126.0M | 1,313,262 | 0.3% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $113.7M | 669,072 | 0.3% | 1 |
| FLYWIRE CORPORATION | [FLYW](https://holderbook.com/stocks/FLYW/) | $108.5M | 6,173,385 | 0.3% | 21 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $104.9M | 816,101 | 0.3% | 1 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $103.5M | 554,410 | 0.3% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $102.4M | 2,399,426 | 0.3% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $101.5M | 297,538 | 0.3% | 2 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $99.8M | 1,973,943 | 0.3% | 4 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $97.7M | 323,870 | 0.3% | 2 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $96.3M | 2,309,215 | 0.3% | 8 |
| ZTO EXPRESS CAYMAN INC | [ZTO](https://holderbook.com/stocks/ZTO/) | $92.8M | 4,147,325 | 0.2% | 31 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $91.6M | 899,442 | 0.2% | 2 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $90.7M | 708,114 | 0.2% | 8 |
| MAKEMYTRIP LIMITED MAURITIUS | [MMYT](https://holderbook.com/stocks/MMYT/) | $90.7M | 1,701,456 | 0.2% | 2 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $89.2M | 2,239,671 | 0.2% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $89.2M | 252,804 | 0.2% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $86.6M | 136,546 | 0.2% | 2 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $83.7M | 279,200 | 0.2% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $78.5M | 579,619 | 0.2% | 6 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $78.3M | 1,916,519 | 0.2% | 16 |
| AMER SPORTS INC | [AS](https://holderbook.com/stocks/AS/) | $78.1M | 2,308,829 | 0.2% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $77.6M | 684,723 | 0.2% | 8 |
| APPLIED AEROSPACE & DEFENSE | [AADX](https://holderbook.com/stocks/AADX/) | $74.0M | 3,250,000 | 0.2% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $72.6M | 479,513 | 0.2% | 1 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $68.4M | 906,800 | 0.2% | 1 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $67.8M | 1,300,647 | 0.2% | 8 |
| ARXIS INC | [ARXS](https://holderbook.com/stocks/ARXS/) | $63.4M | 1,373,801 | 0.2% | 1 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $61.1M | 62,825 | 0.2% | 3 |
| KANZHUN LIMITED | [BZ](https://holderbook.com/stocks/BZ/) | $55.9M | 4,345,925 | 0.2% | 7 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $54.3M | 325,980 | 0.1% | 5 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $53.7M | 281,764 | 0.1% | 6 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $47.6M | 272,979 | 0.1% | 9 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $42.1M | 669,247 | 0.1% | 9 |
| KE HLDGS INC | [BEKE](https://holderbook.com/stocks/BEKE/) | $42.1M | 2,896,151 | 0.1% | 5 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $39.3M | 81,246 | 0.1% | 2 |
| GLOBAL E ONLINE LTD | [GLBE](https://holderbook.com/stocks/GLBE/) | $38.0M | 1,095,454 | 0.1% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $36.1M | 195,386 | 0.1% | 1 |
| ATOUR LIFESTYLE HLDGS LTD | [ATAT](https://holderbook.com/stocks/ATAT/) | $34.2M | 1,076,555 | 0.1% | 2 |
| GLOBAL X FDS | [COPX](https://holderbook.com/stocks/COPX/) | $32.9M | 426,814 | 0.1% | 1 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $30.2M | 118,671 | 0.1% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.2% | +14.8% | -4.6% | 97% |
| Q1 2026 | -13.0% | -4.6% | -8.3% | 98% |
| Q4 2025 | -1.7% | +2.4% | -4.1% | 99% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 98% |
| Q2 2025 | +12.5% | +10.5% | +2.0% | 100% |
| Q1 2025 | -4.7% | -4.6% | -0.1% | 100% |
| Q4 2024 | +7.5% | +2.1% | +5.3% | 100% |
| Q3 2024 | +12.9% | +5.4% | +7.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $37.3B | 177 |
| Q1 2026 | $30.5B | 132 |
| Q4 2025 | $31.6B | 129 |
| Q3 2025 | $29.0B | 118 |
| Q2 2025 | $26.2B | 120 |
| Q1 2025 | $24.8B | 123 |
| Q4 2024 | $25.4B | 129 |
| Q3 2024 | $24.7B | 121 |
| Q2 2024 | $21.5B | 91 |
| Q1 2024 | $18.1B | 102 |
| Q4 2023 | $17.9B | 101 |
| Q3 2023 | $16.8B | 82 |