Temasek Holdings (Private) Ltd

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Temasek Holdings (Private) Ltd reported 102 stock positions worth $18.1 billion. Its top holding was BlackRock Finance (BLK) at 23.6% of the portfolio, followed by Visa Class A (V, 8.5%) and Mastercard Class A (MA, 5.4%). Compared with Q4 2023, it opened 9 new positions, sold out of 8, added to 28 and reduced 13. The biggest buy was Nvidia (NVDA, shares +9%) and the biggest sale Snowflake (SNOW, shares −96%).

Most Recent 13F
Q2 2026
Location
SINGAPORE, U0
CIK
0001021944
Portfolio Value
$18.1B (Q1 2024)
SEC Filing
0001104659-24-061485 ↗ filed May 15, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B Q1 2024: $18.1B $18.1B Q1 2024 Q2 2024: $21.5B Q2 2024 Q3 2024: $24.7B Q3 2024 Q4 2024: $25.2B Q4 2024 Q1 2025: $24.8B Q1 2025 Q2 2025: $25.8B Q2 2025 Q3 2025: $28.7B Q3 2025 Q4 2025: $31.0B Q4 2025 Q1 2026: $29.7B Q1 2026 Q2 2026: $36.5B Q2 2026

Holdings 102 stocks · $18.1B
BLK BlackRock Finance Inc. 23.61% 5,115,491 $4.3B Add +0.3%
V Visa Inc. Class A 8.45% 5,472,537 $1.5B Add +0.8%
MA Mastercard Inc. Class A 5.36% 2,010,368 $968.1M Add +1.4%
IBN Icici Bank Ltd.-Spon ADR 4.40% 30,119,107 $795.4M Add +6.6%
DASH DoorDash Inc. Class A 3.71% 4,866,131 $670.2M No change
BABA Alibaba Group Holding-SP ADR 3.69% 9,207,897 $666.3M Reduce -3.7%
AMZN Amazon.com Inc. 3.44% 3,444,013 $621.2M Add +9.2%
TMO Thermo Fisher Scientific Inc. 3.32% 1,032,203 $599.9M Reduce -18.1%
INTA Intapp Inc. 3.26% 17,146,805 $588.1M No change
RBLX Roblox Corp. Class A 2.90% 13,710,464 $523.5M Add +3.2%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 2.61% 3,014,171 $471.4M No change
NVDA Nvidia Corp. 2.58% 515,820 $466.1M Add +9.0%
HDB HDFC Bank Ltd.-ADR 2.55% 8,234,777 $460.9M Add +9.0%
BILL Bill Holdings Inc. 2.14% 5,627,304 $386.7M No change
AVGO Broadcom Inc. 2.13% 289,864 $384.2M Reduce -30.5%
SPGI S&P Global Inc. 1.87% 794,791 $338.1M No change
BNTX Biontech SE-ADR 1.75% 3,430,250 $316.4M Reduce -24.1%
MSFT Microsoft Corp. 1.60% 686,081 $288.6M Add +24.9%
SE Sea Ltd.-ADR 1.45% 4,875,226 $261.8M No change
ZTO Zto Express Cayman Inc.-ADR 1.21% 10,426,750 $218.3M No change
PYPL PayPal Holdings Inc. 1.20% 3,239,768 $217.0M Reduce -48.4%
FLYW Flywire Corp.-Voting 1.19% 8,684,895 $215.5M Reduce -18.3%
ABNB Airbnb Inc. Class A 1.11% 1,215,075 $200.4M Reduce -27.3%
TPG TPG Inc. 0.99% 3,981,179 $178.0M Reduce -14.4%
MSCI MSCI Inc. 0.83% 266,857 $149.6M No change
EWY iShares MSCI South Korea ETF 0.72% 1,941,350 $130.3M Add +162.8%
ETWO E2OPEN Parent Holdings Inc. 0.72% 29,248,151 $129.9M No change
DNLI Denali Therapeutics Inc. 0.65% 5,706,345 $117.1M Reduce -17.3%
IWM iShares Russell 2000 ETF 0.62% 531,706 $111.8M Reduce -34.0%
JD Jd.com Inc.-ADR 0.59% 3,906,730 $107.0M No change
GLBE Global-E Online Ltd. 0.59% 2,942,089 $106.9M No change
BX Blackstone Inc. 0.55% 753,130 $98.9M No change
PAYO Payoneer Global Inc. 0.54% 20,242,083 $98.4M No change
EWT iShares MSCI Taiwan ETF 0.52% 1,937,998 $94.3M New
CALF PCR US SM CP CSH CWS ETF-Usd 0.52% 1,918,747 $94.3M New
GH Guardant Health Inc. 0.47% 4,111,172 $84.8M Add +11.9%
ADBE Adobe Inc. 0.45% 159,727 $80.6M Add +74.1%
EMXC iShares MSCI Emr MRK Ex Chna 0.44% 1,376,700 $79.3M New
EWZ iShares MSCI Brazil ETF 0.41% 2,281,860 $74.0M No change
YUMC Yum China Holdings Inc. 0.40% 1,822,905 $72.5M No change
NOW ServiceNow Inc. 0.39% 92,603 $70.6M Reduce -0.2%
BEAM Beam Therapeutics Inc. 0.33% 1,812,972 $59.9M Reduce -41.1%
SES Ses AI Corp. 0.32% 34,675,757 $58.3M No change
META Meta Platforms Inc. Class A 0.23% 85,063 $41.3M Add +418.1%
GOOGL Alphabet Inc. Class A 0.22% 266,182 $40.2M Add +534.0%
KWEB Kranesh Csi China Internet 0.22% 1,523,800 $40.0M New
BLND Blend Labs Inc. Class A 0.21% 11,875,773 $38.6M No change
SCHP Schwab U.S. Tips ETF 0.20% 705,000 $36.8M No change
LIN Linde PLC 0.14% 55,904 $26.0M Add +217.9%
MU Micron Technology Inc. 0.14% 208,245 $24.6M No change
DE Deere & Co. 0.12% 51,008 $21.0M Add +173.5%
STNE Stoneco Ltd. Class A 0.11% 1,234,850 $20.5M No change
ABBV Abbvie Inc. 0.11% 109,231 $19.9M Add +205.4%
HD Home Depot Inc. 0.11% 51,365 $19.7M Add +213.4%
COST Costco Wholesale Corp. 0.11% 26,559 $19.5M Add +198.8%
ADP Automatic Data Processing 0.10% 74,478 $18.6M Add +217.3%
UNP Union Pacific Corp. 0.10% 74,484 $18.3M Add +214.0%
BKNG Booking Holdings Inc. 0.10% 5,010 $18.2M Add +205.3%
CHRS Coherus Oncology Inc. 0.10% 7,381,116 $17.6M No change
UPS United Parcel Service Class B 0.09% 115,281 $17.1M Add +249.3%
FORGE GLOBAL HOLDINGS INC 0.09% 8,607,712 $16.6M No change
AAPL Apple Inc. 0.09% 94,017 $16.1M Add +232.8%
NKE Nike Inc. Class B 0.09% 167,095 $15.7M Add +265.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.08% 1,217,525 $14.5M New
GGR Gogoro Inc. 0.07% 6,892,860 $12.7M No change
SNOW Snowflake Inc. 0.06% 61,648 $10.0M Reduce -96.2%
NTLA Intellia Therapeutics Inc. 0.04% 279,693 $7.7M No change
MRVL Marvell Technology Inc. 0.04% 98,240 $7.0M No change
QTTB Q32 Bio Inc. 0.03% 313,943 $5.3M New
RENT Rent the Runway Inc. 0.03% 729,652 $5.0M No change
PCOR Procore Technologies Inc. 0.03% 60,990 $5.0M Add +43.7%
AKLI Akili Inc. 0.02% 11,509,122 $3.3M No change
GTLB Gitlab Inc. Class A 0.02% 55,005 $3.2M Add +38.9%
KDP Keurig Dr Pepper Inc. 0.02% 99,805 $3.1M No change
URI United Rentals Inc. 0.02% 4,049 $2.9M No change
EXP Eagle Materials Inc. 0.02% 10,587 $2.9M No change
ETN Eaton Corp. PLC 0.01% 8,414 $2.6M No change
TT Trane Technologies PLC 0.01% 8,748 $2.6M No change
NVT Nvent Electric PLC 0.01% 34,688 $2.6M No change
MLM Martin Marietta Materials 0.01% 4,030 $2.5M No change
MTZ Mastec Inc. 0.01% 26,182 $2.4M No change
CAT Caterpillar Inc. 0.01% 6,615 $2.4M No change
HUBB Hubbell Inc. 0.01% 5,836 $2.4M No change
VMC Vulcan Materials Co. 0.01% 8,191 $2.2M No change
TEX Terex Corp. 0.01% 34,712 $2.2M No change
CMI Cummins Inc. 0.01% 7,516 $2.2M No change
JCI Johnson Controls Internation 0.01% 33,806 $2.2M No change
GE General Electric 0.01% 15,437 $2.2M No change
ACM Aecom 0.01% 21,290 $2.1M No change
EMR Emerson Electric Co. 0.01% 17,981 $2.0M No change
TEL Te Connectivity Ltd. 0.01% 14,037 $2.0M No change
CARR Carrier Global Corp. 0.01% 33,972 $2.0M No change
DDOG Datadog Inc. Class A 0.01% 15,965 $2.0M Add +88.6%
ROK Rockwell Automation Inc. 0.01% 6,161 $1.8M No change
STLA Stellantis NV 0.01% 55,530 $1.6M New
APD Air Products & Chemicals Inc. 0.01% 5,932 $1.4M No change
BRZE Braze Inc. Class A 0.01% 26,398 $1.2M No change
OPEN Opendoor Technologies Inc. 0.01% 350,585 $1.1M No change
NBP Novabridge Biosciences filed as I MAB 0.01% 566,650 $1.1M No change
HLTHQ Cue Health Inc. 0.00% 3,125,000 $589K No change

Show all 102 holdings

Portfolio Sells Q4 2023 → Q1 2024
SNOW Snowflake Inc. Reduce -96.2% 0.06% −1.77
PYPL PayPal Holdings Inc. Reduce -48.4% 1.20% −0.96
BNTX Biontech SE-ADR Reduce -24.1% 1.75% −0.92
GRCL Gracell Biotechnologies-ADR Sold out 0.00% −0.54
AVGO Broadcom Inc. Reduce -30.5% 2.13% −0.48
BABA Alibaba Group Holding-SP ADR Reduce -3.7% 3.69% −0.46
TMO Thermo Fisher Scientific Inc. Reduce -18.1% 3.32% −0.42
IWM iShares Russell 2000 ETF Reduce -34.0% 0.62% −0.29
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.27
FLYW Flywire Corp.-Voting Reduce -18.3% 1.19% −0.19
DNLI Denali Therapeutics Inc. Reduce -17.3% 0.65% −0.18
XME SS SPDR S&P Metals Mining Sold out 0.00% −0.18
ABNB Airbnb Inc. Class A Reduce -27.3% 1.11% −0.16
TPG TPG Inc. Reduce -14.4% 0.99% −0.14
BEAM Beam Therapeutics Inc. Reduce -41.1% 0.33% −0.14
ALVO Alvotech SA Sold out 0.00% −0.06
HOMOLOGY MEDICINES INC Sold out 0.00% −0.02
INFY Infosys Ltd.-SP ADR Sold out 0.00% −0.01
GPCR Structure Therapeutics Inc. Sold out 0.00% −0.00
ASLAN PHARMACEUTICALS LTD Sold out 0.00% 0.00
NOW ServiceNow Inc. Reduce -0.2% 0.39% +0.02

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +9.0% 2.58% +1.27
AMZN Amazon.com Inc. Add +9.2% 3.44% +0.76
IBN Icici Bank Ltd.-Spon ADR Add +6.6% 4.40% +0.63
MA Mastercard Inc. Class A Add +1.4% 5.36% +0.63
V Visa Inc. Class A Add +0.8% 8.45% +0.55
EWT iShares MSCI Taiwan ETF New 0.52% +0.52
CALF PCR US SM CP CSH CWS ETF-Usd New 0.52% +0.52
EWY iShares MSCI South Korea ETF Add +162.8% 0.72% +0.45
MSFT Microsoft Corp. Add +24.9% 1.60% +0.44
EMXC iShares MSCI Emr MRK Ex Chna New 0.44% +0.44
BLK BlackRock Finance Inc. Add +0.3% 23.61% +0.44
KWEB Kranesh Csi China Internet New 0.22% +0.22
META Meta Platforms Inc. Class A Add +418.1% 0.23% +0.20
GOOGL Alphabet Inc. Class A Add +534.0% 0.22% +0.19
ADBE Adobe Inc. Add +74.1% 0.45% +0.14
LIN Linde PLC Add +217.9% 0.14% +0.10
NU Nu Holdings Ltd./Cayman Isl-A New 0.08% +0.08
ABBV Abbvie Inc. Add +205.4% 0.11% +0.08
HD Home Depot Inc. Add +213.4% 0.11% +0.08
COST Costco Wholesale Corp. Add +198.8% 0.11% +0.07
DE Deere & Co. Add +173.5% 0.12% +0.07
ADP Automatic Data Processing Add +217.3% 0.10% +0.07
UNP Union Pacific Corp. Add +214.0% 0.10% +0.07
BKNG Booking Holdings Inc. Add +205.3% 0.10% +0.07
UPS United Parcel Service Class B Add +249.3% 0.09% +0.07
NKE Nike Inc. Class B Add +265.1% 0.09% +0.06
AAPL Apple Inc. Add +232.8% 0.09% +0.06
QTTB Q32 Bio Inc. New 0.03% +0.03
PCOR Procore Technologies Inc. Add +43.7% 0.03% +0.01
STLA Stellantis NV New 0.01% +0.01
DDOG Datadog Inc. Class A Add +88.6% 0.01% +0.01
GTLB Gitlab Inc. Class A Add +38.9% 0.02% +0.00
GERN Geron Corp. New 0.00% +0.00
CART Maplebear Inc. New 0.00% +0.00
GH Guardant Health Inc. Add +11.9% 0.47% −0.09
HDB HDFC Bank Ltd.-ADR Add +9.0% 2.55% −0.29
RBLX Roblox Corp. Class A Add +3.2% 2.90% −0.50

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 176$36.5BBLK, GOOGL, V, NVDA, SPCX
Q1 2026 132$29.7BBLK, V, MA, NVDA, GOOGL
Q4 2025 129$31.0BBLK, V, NVDA, MA, GOOGL
Q3 2025 117$28.7BBLK, V, MA, NVDA, RBLX
Q2 2025 120$25.8BBLK, V, MA, NVDA, RBLX
Q1 2025 123$24.8BBLK, V, MA, INTA, AMZN
Q4 2024 129$25.2BBLK, V, MA, NVDA, AMZN
Q3 2024 121$24.7BBLK, V, MA, NVDA, AMZN
Q2 2024Amended 91$21.5BBLK, V, MA, NVDA, AMZN
Q1 2024Amended 102$18.1BBLK, V, MA, IBN, DASH