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Temasek Holdings

Temasek Holdings Portfolio holdings

AUM $37.3B
1-Year Est. Return 12.6%
This Fund
S&P 500
This Quarter Est. Return
+17.17%
1 Year Est. Return
+12.6%
3 Year Est. Return
+93.72%
5 Year Est. Return
+64.47%
10 Year Est. Return
+501.94%
AUM
$26.2B
AUM Growth
+$1.31B
Cap. Flow
-$1.97B
Cap. Flow %
-7.52%
Top 10 Hldgs %
61.06%
Holding
157
New
29
Increased
31
Reduced
44
Closed
26

Top Buys

Rank Stock Value
1
PGR icon
Progressive
PGR
+$120M
2
ZGN icon
Zegna
ZGN
+$102M
3
DSGX icon
Descartes Systems
DSGX
+$94.6M
4
XLP icon
State Street Consumer Staples Select Sector SPDR ETF
XLP
+$76.4M
5
INTU icon
Intuit
INTU
+$71.3M

Top Sells

Rank Stock Value
1
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$843M
2
BABA icon
Alibaba
BABA
+$433M
3
PULS icon
PGIM Ultra Short Bond ETF
PULS
+$250M
4
MINT icon
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
+$200M
5
JD icon
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
BLK icon
1
Blackrock
BLK
$174B
$5.34B 20.43%
5,092,825
– –
V icon
2
Visa
V
$700B
$2.1B 8.02%
5,911,111
+51,276
+0.9% +$17.9M
MA icon
3
Mastercard
MA
$507B
$1.55B 5.92%
2,756,079
+3,269
+0.1% +$1.81M
NVDA icon
4
NVIDIA
NVDA
$5.56T
$1.24B 4.73%
7,832,823
-99,618
-1% -$12.5M
RBLX icon
5
Roblox
RBLX
$30.9B
$1.13B 4.3%
10,695,471
-858,975
-7% -$67.5M
MSFT icon
6
Microsoft
MSFT
$3.71T
$995M 3.81%
2,001,218
-58,371
-3% -$25.3M
AMZN icon
7
Amazon
AMZN
$2.79T
$960M 3.67%
4,377,655
-289,475
-6% -$57.3M
IBN icon
8
ICICI Bank
IBN
$109B
$911M 3.48%
27,084,196
– –
INTA icon
9
Intapp
INTA
$3.19B
$885M 3.38%
17,146,805
– –
AVGO icon
10
Broadcom
AVGO
$1.7T
$866M 3.31%
3,141,051
-22,491
-0.7% -$4.88M
DASH icon
11
DoorDash
DASH
$91.7B
$765M 2.92%
3,102,158
-547,440
-15% -$110M
HDB icon
12
HDFC Bank
HDB
$119B
$682M 2.61%
17,791,324
– –
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4.14T
$606M 2.32%
3,438,365
+184,156
+6% +$30.1M
TPG icon
14
TPG
TPG
$8.78B
$483M 1.85%
9,202,634
+673,003
+8% +$32.3M
TMO icon
15
Thermo Fisher Scientific
TMO
$227B
$464M 1.77%
1,143,487
-114,630
-9% -$47.9M
SPGI icon
16
S&P Global
SPGI
$131B
$443M 1.69%
839,404
+52,285
+7% +$26.1M
SE icon
17
Sea Limited
SE
$68.7B
$396M 1.51%
2,475,226
– –
ABNB icon
18
Airbnb
ABNB
$107B
$305M 1.17%
2,302,511
+80,317
+4% +$10.2M
GEV icon
19
GE Vernova
GEV
$251B
$248M 0.95%
469,597
+17,688
+4% +$7.36M
ONC
20
BeOne Medicines Ltd
ONC
$40.5B
$245M 0.94%
1,010,465
+16,713
+2% +$4.1M
MSCI icon
21
MSCI
MSCI
$41.7B
$226M 0.86%
392,047
+23,420
+6% +$13M
HTHT icon
22
Huazhu Hotels Group
HTHT
$14.1B
$212M 0.81%
6,240,710
-615,590
-9% -$21.6M
BABA icon
23
Alibaba
BABA
$281B
$210M 0.8%
1,850,754
-3,659,594
-66% -$433M
ZTO icon
24
ZTO Express
ZTO
$15.9B
$185M 0.71%
10,426,750
– –
YUMC icon
25
Yum China
YUMC
$14.8B
$166M 0.64%
3,721,858
+868,188
+30% +$38.8M
1
2 3 4 5

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PIF
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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 $1.97B 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.