Temasek Holdings (Private) Ltd

CIK

1021944

Location

SINGAPORE, U0

Portfolio Value

Large $30,521,436,344

Diversification

Diversified

Filing Date

Global Rank

#142 / 8,420 ▲ 78

Top Industry

Asset Management 20.6%

3Y Alpha vs SPY

-10.7%

Period ended 6 months ago

Filed Feb 17, 2026 · 4mo

24 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+33.4%

SPY

+76.3%

Annualised alpha

-10.7%

Max drawdown

−20.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

121 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

17.9%

−3.3 pts

Top 5

41.0%

−1.6 pts

Top 10

57.9%

−1.1 pts

HHI

557

Diversified−110

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Financial Services	41.6%	$12,691,858,678	13
Technology	22.0%	$6,725,005,259	42
Consumer Cyclical	14.9%	$4,554,271,552	19
Communication Services	9.0%	$2,760,660,313	8
Healthcare	5.8%	$1,759,482,701	13
Industrials	3.8%	$1,165,399,383	10
Basic Materials	2.1%	$635,450,261	8
Consumer Defensive	0.5%	$142,906,609	5
Real Estate	0.2%	$48,026,346	1
Utilities	0.1%	$26,965,329	1
Energy	0.0%	$11,409,913	1

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IBN	Icici Bank Ltd	+2,964,312	29,195,789	$870,034,512
VNET	VNET Group, Inc.	+2,954,350	3,253,150	$27,521,649
NVDA	Nvidia Corp	+2,422,965	8,981,912	$1,675,126,588
U	Unity Software Inc.	+2,369,576	4,198,921	$185,466,340
DNLI	Denali Therapeutics Inc.	+1,657,142	7,012,974	$115,784,200
WRD	WeRide Inc.	+1,623,156	2,978,803	$25,856,010
TME	Tencent Music Entertainment Group	+1,517,481	2,559,173	$44,862,302
KKR	KKR & Co. Inc.	+1,032,705	1,332,549	$169,873,346
BZ	Kanzhun Ltd	+916,706	3,579,525	$72,950,719
TCOM	Trip.com Group Ltd	+899,469	2,239,671	$161,054,741
BEKE	KE Holdings Inc.	+881,506	3,047,357	$48,026,346
SE	Sea Ltd	+827,991	3,303,217	$421,391,392
AS	Amer Sports, Inc.	+817,128	2,578,541	$96,308,506
MSFT	Microsoft Corp	+731,308	2,703,988	$1,307,702,676
GOOGL	Alphabet Inc.	+704,726	4,839,920	$1,514,894,960
APO	Apollo Global Management, Inc.	+676,411	753,349	$109,054,801
AMZN	Amazon Com Inc	+644,994	5,792,075	$1,336,926,751
FLY	Firefly Aerospace Inc.	+643,886	1,069,588	$23,926,683
NFLX	Netflix Inc	+643,690	693,860	$65,056,313
NKE	NIKE, Inc.	+597,506	1,189,369	$75,774,698
NOW	ServiceNow, Inc.	+545,375	662,380	$101,469,992
WFC	Wells Fargo & Company/Mn	+437,900	1,523,823	$142,020,303
BSX	Boston Scientific Corp	+402,300	2,081,626	$198,483,039
AVGO	Broadcom Inc.	+348,715	2,496,276	$863,961,123
SPGI	S&P Global Inc.	+342,110	1,300,302	$679,524,822
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SES	SES AI Corp	−9,515,045	3,160,712	$5,689,281
ZTO	ZTO Express (Cayman) Inc.	−4,166,509	6,260,241	$130,776,434
PAYO	Payoneer Global Inc.	−2,658,035	7,494,353	$42,118,263
FLYW	Flywire Corp	−2,294,038	6,390,857	$90,494,535
HTHT	H World Group Ltd	−2,292,477	2,622,902	$123,407,539
YUMC	Yum China Holdings, Inc.	−599,500	4,055,217	$193,596,059
CRS	Carpenter Technology Corp	−537,933	227,002	$71,469,309
BABA	Alibaba Group Holding Ltd	−537,492	1,313,262	$192,497,943
GLBE	Global-E Online Ltd.	−394,584	2,096,739	$82,422,810
DT	Dynatrace, Inc.	−318,681	1,670,417	$72,395,872
CMG	Chipotle Mexican Grill Inc	−272,899	255,622	$9,458,014
ORCL	Oracle Corp	−234,361	17,065	$3,326,139
TMO	Thermo Fisher Scientific Inc.	−216,172	891,418	$516,532,160
CTSH	Cognizant Technology Solutions Corp	−148,243	675,035	$56,027,905
ETN	Eaton Corp plc	−140,684	49,901	$15,893,967
ONC	BeOne Medicines Ltd.	−91,877	919,587	$279,379,726
QCOM	Qualcomm Inc/De	−78,248	46,971	$8,034,389
LLY	ELI LILLY & Co	−51,119	117,847	$126,647,825
AAPL	Apple Inc.	−34,341	666,203	$181,113,947
GE	General Electric Co	−31,354	419,029	$129,073,502
INTU	Intuit Inc.	−19,702	180,939	$119,857,612
IOT	Samsara Inc.	−17,109	39,821	$1,411,654
GEHC	GE HealthCare Technologies Inc.	−12,225	1,318,290	$108,126,145
TPG	TPG Inc.	−11,053	8,791,581	$561,254,531
DASH	DoorDash, Inc.	−6,257	2,316,423	$524,623,481
No positions match the current search.

New Positions

Positions the filer opened this quarter

22 positions

Ticker	Company	Shares	Value
TDG	TransDigm Group INC	145,538	$193,543,709
APP	AppLovin Corp	187,127	$126,089,915
VRT	Vertiv Holdings Co	635,479	$102,953,952
FIX	Comfort Systems USA Inc	52,557	$49,050,922
HD	Home Depot, Inc.	129,422	$44,534,110
TWLO	Twilio Inc	309,573	$44,033,663
NEE	Nextera Energy Inc	335,891	$26,965,329
ISRG	Intuitive Surgical Inc	44,000	$24,919,840
CAT	Caterpillar Inc	27,360	$15,673,723
NXE	NexGen Energy Ltd.	1,240,208	$11,409,913
ADI	Analog Devices Inc	35,332	$9,582,038
TXN	Texas Instruments Inc	51,080	$8,861,869
ALAB	Astera Labs, Inc.	47,306	$7,869,826
ANET	Arista Networks, Inc.	58,189	$7,624,504
HUBS	Hubspot Inc	17,965	$7,209,354
AMD	Advanced Micro Devices Inc	33,476	$7,169,220
CLS	Celestica Inc	23,888	$7,061,531
PCOR	Procore Technologies, Inc.	66,627	$4,846,447
MICC	Magnum Ice Cream Co N.V.	79,000	$1,252,150
CHYM	Chime Financial, Inc.	29,695	$747,423
CAI	Caris Life Sciences, Inc.	12,235	$330,100
RVMD	Revolution Medicines, Inc.	3,148	$250,738
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
TEAM	Atlassian Corp	433,165	$69,176,450
FSLR	First Solar, Inc.	305,900	$67,460,127
CCJ	Cameco Corp	731,519	$61,345,183
DE	Deere & Co	106,435	$48,668,468
PINS	Pinterest, Inc.	1,198,441	$38,553,846
ABBV	AbbVie Inc.	67,969	$15,737,542
JPM	Jpmorgan Chase & Co	49,870	$15,730,494
MNST	Monster Beverage Corp	212,528	$14,305,259
ICE	Intercontinental Exchange, Inc.	72,058	$12,140,331
CTAS	Cintas Corp	59,120	$12,134,971
PANW	Palo Alto Networks Inc	35,410	$7,210,184
ADP	Automatic Data Processing Inc	21,605	$6,341,067
RACE	Ferrari N.V.	11,223	$5,445,624
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

121 positions · $30,521,436,344 total · as of Dec 31, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 121 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BLK	BlackRock, Inc. Financial Services	Held	5,092,825	0	$5,451,054,310	−8.2%	17.86%
V	Visa Inc. Financial Services	Added	6,491,881	+314,755	$2,276,767,585	+8.0%	7.46%
NVDA	Nvidia Corp Technology	Added	8,981,912	+2,422,965	$1,675,126,588	+36.9%	5.49%
MA	Mastercard Inc Financial Services	Added	2,769,218	+8,667	$1,580,891,171	+0.7%	5.18%
GOOGL	Alphabet Inc. Communication Services	Added	4,839,920	+704,726	$1,514,894,960	+50.7%	4.96%
AMZN	Amazon Com Inc Consumer Cyclical	Added	5,792,075	+644,994	$1,336,926,751	+18.3%	4.38%
MSFT	Microsoft Corp Technology	Added	2,703,988	+731,308	$1,307,702,676	+28.0%	4.28%
IBN	Icici Bank Ltd Financial Services	Added	29,195,789	+2,964,312	$870,034,512	+9.7%	2.85%
AVGO	Broadcom Inc. Technology	Added	2,496,276	+348,715	$863,961,123	+21.9%	2.83%
INTA	Intapp, Inc. Technology	Held	17,146,805	0	$785,666,605	+12.0%	2.57%
SPGI	S&P Global Inc. Financial Services	Added	1,300,302	+342,110	$679,524,822	+45.7%	2.23%
RBLX	Roblox Corp Communication Services	Held	7,777,760	0	$630,231,892	−41.5%	2.06%
TPG	TPG Inc. Financial Services	Reduced	8,791,581	-11,053	$561,254,531	+11.0%	1.84%
PDD	PDD Holdings Inc. Consumer Cyclical	Added	4,682,894	+334,647	$530,993,350	−7.6%	1.74%
DASH	DoorDash, Inc. Consumer Cyclical	Reduced	2,316,423	-6,257	$524,623,481	−17.0%	1.72%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	891,418	-216,172	$516,532,160	−3.8%	1.69%
GEV	GE Vernova Inc. Industrials	Added	662,572	+203,675	$433,037,182	+53.5%	1.42%
SE	Sea Ltd Consumer Cyclical	Added	3,303,217	+827,991	$421,391,392	−4.7%	1.38%
HDB	Hdfc Bank Ltd Financial Services	Held	10,873,380	0	$397,313,305	+7.0%	1.30%
ABNB	Airbnb, Inc. Consumer Cyclical	Held	2,222,194	0	$301,596,169	+11.8%	0.99%
ONC	BeOne Medicines Ltd. Healthcare	Reduced	919,587	-91,877	$279,379,726	−18.9%	0.92%
ZGN	Ermenegildo Zegna N.V. Consumer Cyclical	Held	27,242,276	0	$279,233,329	+8.5%	0.91%
TECK	Teck Resources Ltd Basic Materials	Added	5,307,384	+57,380	$254,170,619	+10.3%	0.83%
META	Meta Platforms, Inc. Communication Services	Added	366,511	+152,442	$241,930,245	+53.9%	0.79%
LIN	Linde PLC Basic Materials	Added	537,458	+301,252	$229,166,716	+104.3%	0.75%
PGR	Progressive Corp/Oh/ Financial Services	Added	993,588	+32,908	$226,259,859	−4.6%	0.74%
BSX	Boston Scientific Corp Healthcare	Added	2,081,626	+402,300	$198,483,039	+21.1%	0.65%
MSCI	MSCI Inc. Financial Services	Held	340,382	0	$195,287,364	+1.1%	0.64%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Reduced	4,055,217	-599,500	$193,596,059	−3.1%	0.63%
TDG	TransDigm Group INC Industrials	NEW	145,538	NEW	$193,543,709	NEW	0.63%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	1,313,262	-537,492	$192,497,943	−41.8%	0.63%
U	Unity Software Inc. Technology	Added	4,198,921	+2,369,576	$185,466,340	+153.2%	0.61%
CRM	Salesforce, Inc. Technology	Added	683,790	+24,332	$181,142,808	+15.9%	0.59%
AAPL	Apple Inc. Technology	Reduced	666,203	-34,341	$181,113,947	+1.5%	0.59%
WDAY	Workday, Inc. Technology	Added	811,988	+289,605	$174,398,782	+38.7%	0.57%
KKR	KKR & Co. Inc. Financial Services	Added	1,332,549	+1,032,705	$169,873,346	+336.0%	0.56%
TCOM	Trip.com Group Ltd Consumer Cyclical	Added	2,239,671	+899,469	$161,054,741	+59.8%	0.53%
MRVL	Marvell Technology, Inc. Technology	Added	1,803,487	+89,025	$153,260,325	+6.3%	0.50%
BNTX	BioNTech SE Healthcare	Held	1,506,027	0	$143,373,770	−3.5%	0.47%
WFC	Wells Fargo & Company/Mn Financial Services	Added	1,523,823	+437,900	$142,020,303	+56.0%	0.47%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	25,175	+22,739	$134,820,435	+925.0%	0.44%
ZTO	ZTO Express (Cayman) Inc. Industrials	Reduced	6,260,241	-4,166,509	$130,776,434	−34.7%	0.43%
GE	General Electric Co Industrials	Reduced	419,029	-31,354	$129,073,502	−4.7%	0.42%
DSGX	Descartes Systems Group Inc Technology	Held	1,464,165	0	$128,348,703	−7.0%	0.42%
LLY	ELI LILLY & Co Healthcare	Reduced	117,847	-51,119	$126,647,825	−1.8%	0.41%
APP	AppLovin Corp Communication Services	NEW	187,127	NEW	$126,089,915	NEW	0.41%
HTHT	H World Group Ltd Consumer Cyclical	Reduced	2,622,902	-2,292,477	$123,407,539	−35.8%	0.40%
INTU	Intuit Inc. Technology	Reduced	180,939	-19,702	$119,857,612	−12.5%	0.39%
DNLI	Denali Therapeutics Inc. Healthcare	Added	7,012,974	+1,657,142	$115,784,200	+48.9%	0.38%
APO	Apollo Global Management, Inc. Financial Services	Added	753,349	+676,411	$109,054,801	+963.6%	0.36%