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Temasek Holdings Portfolio holdings
AUM
$30.5B
1-Year Est. Return
13.98%
This Fund
S&P 500
This Quarter
Est. Return
+17.17%
1 Year Est. Return
+13.98%
3 Year Est. Return
+73.05%
5 Year Est. Return
+59.18%
10 Year Est. Return
+409.11%
AUM
$26.2B
AUM Growth
+$1.31B
(+5.3%)
Cap. Flow
-$1.74B
Cap. Flow
% of AUM
-6.63%
Top 10 Holdings %
Top 10 Hldgs %
61.06%
Holding
157
New
29
Increased
31
Reduced
44
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Progressive
PGR
|
+$120M |
| 2 |
Zegna
ZGN
|
+$102M |
| 3 |
Descartes Systems
DSGX
|
+$94.6M |
| 4 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$76.4M |
| 5 |
Intuit
INTU
|
+$71.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$843M |
| 2 |
Alibaba
BABA
|
+$433M |
| 3 |
PGIM Ultra Short Bond ETF
PULS
|
+$250M |
| 4 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$200M |
| 5 |
JD.com
JD
|
+$138M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 45.93% |
| 2 | Technology | 20.67% |
| 3 | Consumer Discretionary | 13.53% |
| 4 | Communication Services | 7.53% |
| 5 | Healthcare | 4.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Vertiv
VRT
$85.9B
| $27.9M | 0.11% |
217,280
-668,008
| -75% | -$65M |
|
|
77
CALL
Vertiv
VRT
$85.9B
| $27.9M | 0.11% |
217,200
+127,900
| +143% | +$12.4M |
|
78
PUT
NVIDIA
NVDA
$4.6T
| $26.8M | 0.1% |
169,900
| – | – |
|
79
Micron Technology
MU
$835B
| $25.7M | 0.1% |
208,245
| – | – |
|
80
Walmart Inc
WMT
$909B
| $25M | 0.1% |
255,662
-459,964
| -64% | -$43.8M |
|
81
SES AI
SES
$187M
| $24.9M | 0.1% |
28,069,319
| – | – |
|
|
82
PUT
Intuit
INTU
$91.1B
| $23.9M | 0.09% |
+30,300
| New | +$20.5M |
|
83
Synopsys
SNPS
$71.6B
| $23.2M | 0.09% |
45,307
+33,745
| +292% | +$15.7M |
|
84
Chipotle Mexican Grill
CMG
$43.9B
| $23M | 0.09% |
409,772
-334,293
| -45% | -$17M |
|
85
KE Holdings
BEKE
$18.4B
| $21.9M | 0.08% |
+1,231,992
| New | +$23.7M |
|
86
Danaher
DHR
$138B
| $21.7M | 0.08% |
109,900
+44,900
| +69% | +$8.71M |
|
87
XPeng
XPEV
$12.5B
| $21.4M | 0.08% |
+1,194,538
| New | +$23.3M |
|
88
PUT
TPG
TPG
$6.76B
| $21M | 0.08% |
+400,000
| New | +$19.2M |
|
89
Hudbay
HBM
$9.76B
| $20.9M | 0.08% |
1,972,808
-57,963
| -3% | -$483K |
|
90
KKR & Co
KKR
$89.1B
| $20.1M | 0.08% |
151,123
-32,105
| -18% | -$3.76M |
|
|
91
JD.com
JD
$43.5B
| $19.2M | 0.07% |
589,256
-4,036,234
| -87% | -$138M |
|
|
BZAI
92
Blaize Holdings
BZAI
$108M
| $18.9M | 0.07% |
6,353,023
| – | – |
|
93
Carpenter Technology
CRS
$26.4B
| $17.7M | 0.07% |
+63,880
| New | +$13.9M |
|
|
94
CALL
NVIDIA
NVDA
$4.6T
| $17.1M | 0.07% |
+108,300
| New | +$13.6M |
|
95
PUT
MSCI
MSCI
$42.4B
| $16.2M | 0.06% |
+28,100
| New | +$15.6M |
|
96
JPMorgan Chase
JPM
$916B
| $14.5M | 0.06% |
49,870
-57,861
| -54% | -$14.8M |
|
97
Salesforce
CRM
$154B
| $12.8M | 0.05% |
+46,773
| New | +$12.5M |
|
98
Pfizer
PFE
$143B
| $12.6M | 0.05% |
520,900
| – | – |
|
99
PUT
Amazon
AMZN
$2.44T
| $12.6M | 0.05% |
+57,400
| New | +$11.4M |
|
100
MasTec
MTZ
$22.7B
| $12.1M | 0.05% |
70,988
-60,822
| -46% | -$8.76M |
|
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Temasek Holdings's Q2 2025 Portfolio in Review
As of Q2 2025, Temasek Holdings held 157 positions worth $26.2B, up 5.3% from $24.8B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Temasek Holdings withdrew a net $1.74B in Q2 2025, closing 26 positions and reducing 44 holdings. Its most notable exit was JPMorgan Ultra-Short Income ETF, an estimated $843M position sold in full.
By sector, the portfolio is most concentrated in Financials at 46% of assets, up from 44% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Temasek Holdings opened a new position in Progressive worth $117M.
- Temasek Holdings's largest Q2 2025 buy was Progressive: 438,647 shares worth $117M.
- Temasek Holdings added most to Intuit in Q2 2025, an estimated $71.3M increase.
- Temasek Holdings's biggest Q2 2025 reduction was Alibaba, cutting an estimated $433M.
- Temasek Holdings fully exited JPMorgan Ultra-Short Income ETF in Q2 2025, selling an estimated $843M.
- Temasek Holdings's ten largest holdings make up 61% of its $26.2B portfolio in Q2 2025.
- Temasek Holdings opened 29 new positions and closed 26 in Q2 2025.
- Temasek Holdings's portfolio value rose 5.3% quarter-over-quarter to $26.2B.
Based on Temasek Holdings's 13F filing for Q2 2025, filed 14 Aug 2025.