Temasek Holdings

Temasek Holdings Portfolio holdings

AUM $37.3B Turnover 40.09%
1-Year Est. Return 12.6%
This Fund
S&P 500
This Quarter Est. Return
+0.09%
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
$31.6B
AUM Growth
+$2.59B
Cap. Flow
+$2.84B
Cap. Flow %
8.99%
Top 10 Hldgs %
55.3%
Holding
157
New
31
Increased
52
Reduced
28
Closed
16
Avg Time Held Equity + Options
1.8 years
Top 10 Avg Time Held Equity + Options
2.9 years
Top 20 Avg Time Held Equity + Options
3.7 years
Avg Time Held Equity only
2 years
Top 10 Avg Time Held Equity only
2.9 years
Top 20 Avg Time Held Equity only
3.7 years

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$408M
2
MSFT icon
Microsoft
MSFT
+$396M
3
TDG icon
TransDigm Group
TDG
+$191M
4
SPGI icon
S&P Global
SPGI
+$169M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$156M

Top Sells

Rank Stock Value
1
CRS icon
Carpenter Technology
CRS
+$139M
2
TMO icon
Thermo Fisher Scientific
TMO
+$122M
3
HTHT icon
Huazhu Hotels Group
HTHT
+$99M
4
BABA icon
Alibaba
BABA
+$87.5M
5
ZTO icon
ZTO Express
ZTO
+$82.5M

Sector Composition

Rank Sector Weight
1 Financials 40.2%
2 Technology 20.66%
3 Consumer Discretionary 14.01%
4 Communication Services 8.49%
5 Healthcare 5.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BLK icon
1
Blackrock
BLK
$166B
$5.45B 17.26%
5,092,825
– –
2020 Q2
22 quarters
V icon
2
Visa
V
$735B
$2.28B 7.21%
6,491,881
+314,755
+5% +$107M
2016 Q4
36 quarters
NVDA icon
3
NVIDIA
NVDA
$5.34T
$1.63B 5.17%
8,751,912
+2,192,965
+33% +$408M
2022 Q1
15 quarters
MA icon
4
Mastercard
MA
$528B
$1.58B 5.01%
2,769,218
+8,667
+0.3% +$4.85M
2016 Q4
36 quarters
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.25T
$1.47B 4.64%
4,681,820
+546,626
+13% +$156M
2023 Q3
9 quarters
MSFT icon
6
Microsoft
MSFT
$3.96T
$1.31B 4.14%
2,703,988
+789,808
+41% +$396M
2023 Q3
9 quarters
AMZN icon
7
Amazon
AMZN
$2.74T
$1.23B 3.88%
5,313,275
+431,794
+9% +$98.8M
2016 Q4
36 quarters
IBN icon
8
ICICI Bank
IBN
$101B
$870M 2.76%
29,195,789
+2,964,312
+11% +$91M
2016 Q2
38 quarters
AVGO icon
9
Broadcom
AVGO
$1.65T
$864M 2.74%
2,496,276
+348,715
+16% +$125M
2023 Q3
9 quarters
INTA icon
10
Intapp
INTA
$3.03B
$786M 2.49%
17,146,805
– –
2021 Q2
18 quarters
SPGI icon
11
S&P Global
SPGI
$120B
$680M 2.15%
1,300,302
+342,110
+36% +$169M
2022 Q1
15 quarters
RBLX icon
12
Roblox
RBLX
$34B
$630M 2%
7,777,760
– –
2021 Q1
19 quarters
TPG icon
13
TPG
TPG
$7.04B
$561M 1.78%
8,791,581
-11,053
-0.1% -$652K
2022 Q1
15 quarters
PDD icon
14
Pinduoduo
PDD
$116B
$531M 1.68%
4,682,894
+334,647
+8% +$41.5M
2024 Q3
5 quarters
DASH icon
15
DoorDash
DASH
$79.7B
$525M 1.66%
2,316,423
-6,257
-0.3% -$1.47M
2020 Q4
20 quarters
TMO icon
16
Thermo Fisher Scientific
TMO
$249B
$517M 1.64%
891,418
-216,172
-20% -$122M
2014 Q1
47 quarters
SE icon
17
Sea Limited
SE
$58.4B
$421M 1.33%
3,303,217
+827,991
+33% +$123M
2020 Q3
21 quarters
HDB icon
18
HDFC Bank
HDB
$116B
$397M 1.26%
10,873,380
– –
2018 Q1
31 quarters
GEV icon
19
GE Vernova
GEV
$251B
$340M 1.08%
519,772
+60,875
+13% +$37.1M
2024 Q2
6 quarters
ABNB icon
20
Airbnb
ABNB
$98.5B
$302M 0.96%
2,222,194
– –
2021 Q2
18 quarters
JPST icon
21
JPMorgan Ultra-Short Income ETF
JPST
$42.4B
$299M 0.95%
5,919,494
– –
2025 Q3
1 quarter
ONC icon
22
BeOne Medicines Ltd
ONC
$39.8B
$279M 0.88%
919,587
-91,877
-9% -$30.1M
2016 Q1
39 quarters
ZGN icon
23
Zegna
ZGN
$3.44B
$279M 0.88%
27,242,276
– –
2025 Q2
2 quarters
TECK icon
24
Teck Resources
TECK
$31.8B
$254M 0.81%
5,307,384
+57,380
+1% +$2.49M
2024 Q2
6 quarters
META icon
25
Meta Platforms (Facebook)
META
$1.88T
$242M 0.77%
366,511
+152,442
+71% +$102M
2023 Q3
9 quarters
1
2 3 4 5

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Temasek Holdings's Q4 2025 Portfolio in Review

As of Q4 2025, Temasek Holdings held 157 positions worth $31.6B, up 8.9% from $29B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Temasek Holdings deployed $2.84B of net new capital in Q4 2025, opening 31 new positions and adding to 52 existing holdings. Its largest new stake was TransDigm Group: 145,538 shares worth $194M.

By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 43% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Carpenter Technology, an estimated $139M trimmed.

  • Temasek Holdings's largest Q4 2025 buy was TransDigm Group: 145,538 shares worth $194M.
  • Temasek Holdings added most to NVIDIA in Q4 2025, an estimated $408M increase.
  • Temasek Holdings's biggest Q4 2025 reduction was Carpenter Technology, cutting an estimated $139M.
  • Temasek Holdings fully exited Atlassian in Q4 2025, selling an estimated $69.2M.
  • Temasek Holdings's ten largest holdings make up 55% of its $31.6B portfolio in Q4 2025.
  • Temasek Holdings opened 31 new positions and closed 16 in Q4 2025.
  • Temasek Holdings's portfolio value rose 8.9% quarter-over-quarter to $31.6B.

Based on Temasek Holdings's 13F filing for Q4 2025, filed 17 Feb 2026.