Temasek Holdings (Private) Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Temasek Holdings (Private) Ltd reported 121 stock positions worth $24.7 billion. Its top holding was BlackRock Finance (BLK) at 19.6% of the portfolio, followed by Visa Class A (V, 6.9%) and Mastercard Class A (MA, 5.6%). Compared with Q2 2024, it opened 42 new positions, sold out of 12, added to 30 and reduced 26. The biggest buy was Marvell Technology (MRVL, shares +582%) and the biggest sale Nvidia (NVDA, shares −4%).

Most Recent 13F
Q2 2026
Location
SINGAPORE, U0
CIK
0001021944
Portfolio Value
$24.7B (Q3 2024)
SEC Filing
0001104659-24-118186 ↗ filed Nov 14, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B Q1 2024: $18.1B Q1 2024 Q2 2024: $21.5B Q2 2024 Q3 2024: $24.7B $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 121 stocks · $24.7B
BLK BlackRock Finance Inc. 19.59% 5,092,825 $4.8B Reduce -0.8%
V Visa Inc. Class A 6.93% 6,221,004 $1.7B Add +2.3%
MA Mastercard Inc. Class A 5.61% 2,805,554 $1.4B Add +2.3%
NVDA Nvidia Corp. 4.57% 9,297,723 $1.1B Reduce -4.1%
AMZN Amazon.com Inc. 4.49% 5,947,196 $1.1B Add +4.0%
MSFT Microsoft Corp. 4.01% 2,298,422 $989.0M Add +8.7%
BABA Alibaba Group Holding-SP ADR 3.96% 9,207,897 $977.1M No change
IBN Icici Bank Ltd.-Spon ADR 3.40% 28,095,055 $838.6M Reduce -1.8%
INTA Intapp Inc. 3.32% 17,146,805 $820.1M No change
GOOGL Alphabet Inc. Class A 3.17% 4,715,384 $782.0M Add +6.2%
DASH DoorDash Inc. Class A 2.81% 4,866,131 $694.5M No change
TMO Thermo Fisher Scientific Inc. 2.68% 1,071,180 $662.6M Add +0.3%
RBLX Roblox Corp. Class A 2.47% 13,774,889 $609.7M Reduce -1.7%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 2.17% 2,388,576 $536.3M Reduce -20.8%
HDB HDFC Bank Ltd.-ADR 2.12% 8,367,222 $523.5M Add +1.6%
AVGO Broadcom Inc. 2.08% 2,977,728 $513.7M Reduce -0.9%
SE Sea Ltd.-ADR 1.86% 4,875,226 $459.6M No change
SPGI S&P Global Inc. 1.59% 759,651 $392.5M Reduce -4.4%
META Meta Platforms Inc. Class A 1.32% 567,557 $324.9M Reduce -29.7%
BILL Bill Holdings Inc. 1.20% 5,627,304 $296.9M No change
ABNB Airbnb Inc. Class A 1.19% 2,324,151 $294.7M Add +91.3%
ZTO Zto Express Cayman Inc.-ADR 1.05% 10,426,750 $258.3M No change
TPG TPG Inc. 0.93% 3,981,179 $229.2M No change
BNTX Biontech SE-ADR 0.87% 1,807,232 $214.6M No change
NOW ServiceNow Inc. 0.76% 211,122 $188.8M Reduce -2.4%
MSCI MSCI Inc. 0.66% 277,432 $161.7M No change
MRVL Marvell Technology Inc. 0.65% 2,240,085 $161.6M Add +581.8%
EMXC iShares MSCI Emr MRK Ex Chna 0.64% 2,600,600 $158.9M Add +88.9%
JD Jd.com Inc.-ADR 0.63% 3,906,730 $156.3M No change
DNLI Denali Therapeutics Inc. 0.63% 5,355,832 $156.0M Reduce -6.1%
PAYO Payoneer Global Inc. 0.61% 19,899,760 $149.8M Reduce -1.7%
FLYW Flywire Corp.-Voting 0.58% 8,684,895 $142.3M No change
GLBE Global-E Online Ltd. 0.54% 3,491,697 $134.2M Reduce -23.4%
YUMC Yum China Holdings Inc. 0.54% 2,942,959 $132.5M Add +61.4%
ETWO E2OPEN Parent Holdings Inc. 0.52% 29,248,151 $129.0M No change
AAPL Apple Inc. 0.52% 547,909 $127.7M Reduce -26.5%
ADBE Adobe Inc. 0.39% 185,676 $96.1M Reduce -25.5%
KWEB Kranesh Csi China Internet 0.39% 2,793,900 $95.0M Add +25.8%
UNH Unitedhealth Group Inc. 0.38% 161,656 $94.5M Add +137.6%
LIN Linde PLC 0.34% 177,381 $84.6M Add +13.3%
HTHT H World Group Ltd.-ADR 0.33% 2,200,000 $81.8M New
GEV GE Vernova Inc. 0.26% 249,870 $63.7M Reduce -1.4%
LLY Eli Lilly & Co. 0.25% 70,300 $62.3M Add +132.1%
EWT iShares MSCI Taiwan ETF 0.25% 1,140,561 $61.4M Reduce -50.8%
VRT Vertiv Holdings Co. Class A 0.23% 567,678 $56.5M New
SNPS Synopsys Inc. 0.23% 110,300 $55.9M Add +132.3%
NTES Netease Inc.-ADR 0.21% 550,718 $51.5M New
QQQ Invesco QQQ Trust Series 1 0.20% 102,925 $50.2M New
JPST JPMorgan Ultra-Short Income 0.20% 986,900 $50.1M New
PULS Pgim Ultra Short Bond ETF 0.20% 1,005,200 $50.0M New
TECK Teck Resources Ltd.-CLS B 0.20% 954,788 $49.9M Add +77.3%
GH Guardant Health Inc. 0.19% 2,088,194 $47.9M Reduce -44.3%
WMT Walmart Inc. 0.19% 581,781 $47.0M New
HD Home Depot Inc. 0.19% 114,449 $46.4M Add +24.2%
ABBV Abbvie Inc. 0.19% 233,498 $46.1M Add +21.4%
DT Dynatrace Inc. 0.19% 855,903 $45.8M Add +7.3%
IWM iShares Russell 2000 ETF 0.18% 206,500 $45.6M New
ADP Automatic Data Processing 0.18% 164,158 $45.4M Add +14.7%
BEAM Beam Therapeutics Inc. 0.18% 1,812,972 $44.4M No change
RACE Ferrari NV 0.18% 93,171 $43.8M New
ETN Eaton Corp. PLC 0.18% 131,628 $43.6M New
GE General Electric filed as GE AEROSPACE 0.17% 228,907 $43.2M Add +49.3%
BKNG Booking Holdings Inc. 0.17% 9,898 $41.7M Reduce -0.3%
COST Costco Wholesale Corp. 0.16% 45,288 $40.1M Add +0.3%
SCCO Southern Copper Corp. 0.16% 338,617 $39.2M Add +44.2%
UPS United Parcel Service Class B 0.16% 285,497 $38.9M Add +36.7%
SCHP Schwab U.S. Tips ETF 0.15% 705,000 $37.8M No change
FCX Freeport-McMoran Inc. 0.15% 749,428 $37.4M Add +44.3%
OS Onestream Inc. 0.15% 1,100,000 $37.3M New
CMG Chipotle Mexican Grill Inc. 0.15% 642,496 $37.0M New
CDNS Cadence Design SYS Inc. 0.14% 122,979 $33.3M New
NFLX Netflix Inc. 0.13% 46,092 $32.7M Add +61.0%
GPN Global Payments Inc. 0.12% 286,478 $29.3M New
EWY iShares MSCI South Korea ETF 0.11% 425,150 $27.2M Reduce -78.1%
CRM Salesforce Inc. 0.11% 96,328 $26.4M Reduce -30.7%
TSLA Tesla Inc. 0.09% 89,190 $23.3M No change
LOW Lowe's Cos Inc. 0.09% 85,480 $23.2M Reduce -22.6%
DELL Dell Technologies -C 0.09% 186,401 $22.1M New
MU Micron Technology Inc. 0.09% 208,245 $21.6M Reduce -46.8%
CAT Caterpillar Inc. 0.09% 54,469 $21.3M Reduce -51.8%
SES Ses AI Corp. 0.08% 30,675,757 $19.6M Reduce -11.5%
JPM JPMorgan Chase & Co. 0.07% 87,431 $18.4M No change
ORCL Oracle Corp. 0.07% 105,150 $17.9M New
HBM Hudbay Minerals Inc. 0.07% 1,803,771 $16.6M Add +40.6%
PDD PDD Holdings Inc. 0.06% 111,061 $15.0M New
QTTB Q32 Bio Inc. 0.06% 313,943 $14.0M No change
AA Alcoa Corp. 0.05% 349,430 $13.5M New
ERO Ero Copper Corp. 0.05% 542,421 $12.1M Add +41.2%
FORGE GLOBAL HOLDINGS INC 0.04% 7,684,918 $10.1M Reduce -10.7%
CSCO Cisco Systems Inc. 0.03% 127,594 $6.8M No change
NTLA Intellia Therapeutics Inc. 0.02% 279,693 $5.7M No change
KDP Keurig Dr Pepper Inc. 0.02% 99,805 $3.7M No change
GNRC Generac Holdings Inc. 0.01% 21,837 $3.5M New
VST Vistra Corp. 0.01% 28,419 $3.4M New
AES AES Corp. 0.01% 167,907 $3.4M New
EMR Emerson Electric Co. 0.01% 30,737 $3.4M New
JCI Johnson Controls Internation 0.01% 43,028 $3.3M New
FLEX Flex Ltd. 0.01% 99,672 $3.3M New
CMI Cummins Inc. 0.01% 10,235 $3.3M New
FSLR First Solar Inc. 0.01% 13,257 $3.3M New

Show all 121 holdings

Portfolio Sells Q2 2024 → Q3 2024
NVDA Nvidia Corp. Reduce -4.1% 4.57% −0.99
PYPL PayPal Holdings Inc. Sold out 0.00% −0.80
META Meta Platforms Inc. Class A Reduce -29.7% 1.32% −0.57
EWY iShares MSCI South Korea ETF Reduce -78.1% 0.11% −0.49
BX Blackstone Inc. Sold out 0.00% −0.43
IBN Icici Bank Ltd.-Spon ADR Reduce -1.8% 3.40% −0.43
EWT iShares MSCI Taiwan ETF Reduce -50.8% 0.25% −0.33
GH Guardant Health Inc. Reduce -44.3% 0.19% −0.31
ADBE Adobe Inc. Reduce -25.5% 0.39% −0.25
GLBE Global-E Online Ltd. Reduce -23.4% 0.54% −0.22
AAPL Apple Inc. Reduce -26.5% 0.52% −0.21
AVGO Broadcom Inc. Reduce -0.9% 2.08% −0.16
UNP Union Pacific Corp. Sold out 0.00% −0.16
MU Micron Technology Inc. Reduce -46.8% 0.09% −0.15
DE Deere & Co. Sold out 0.00% −0.14
BLND Blend Labs Inc. Class A Sold out 0.00% −0.13
SES Ses AI Corp. Reduce -11.5% 0.08% −0.12
NKE Nike Inc. Class B Sold out 0.00% −0.11
CAT Caterpillar Inc. Reduce -51.8% 0.09% −0.09
CRM Salesforce Inc. Reduce -30.7% 0.11% −0.06
SPGI S&P Global Inc. Reduce -4.4% 1.59% −0.06
CHRS Coherus Oncology Inc. Sold out 0.00% −0.05
GGR Gogoro Inc. Reduce -37.8% 0.01% −0.04
AMAT Applied Materials Inc. Sold out 0.00% −0.03
MCD McDonald's Corp. Sold out 0.00% −0.03
NOW ServiceNow Inc. Reduce -2.4% 0.76% −0.03
AKLI Akili Inc. Sold out 0.00% −0.02
LOW Lowe's Cos Inc. Reduce -22.6% 0.09% −0.02
FORGE GLOBAL HOLDINGS INC Reduce -10.7% 0.04% −0.02
BKNG Booking Holdings Inc. Reduce -0.3% 0.17% −0.01
TEM Tempus AI Inc. Class A Sold out 0.00% −0.01
STLA Stellantis NV Sold out 0.00% −0.01
DNLI Denali Therapeutics Inc. Reduce -6.1% 0.63% +0.02
RBLX Roblox Corp. Class A Reduce -1.7% 2.47% +0.05
GEV GE Vernova Inc. Reduce -1.4% 0.26% +0.06
PAYO Payoneer Global Inc. Reduce -1.7% 0.61% +0.09
ONC Beone Medicines Ltd.-ADR Reduce -20.8% 2.17% +0.18
BLK BlackRock Finance Inc. Reduce -0.8% 19.59% +0.82

Portfolio Buys Q2 2024 → Q3 2024
MRVL Marvell Technology Inc. Add +581.8% 0.65% +0.55
ABNB Airbnb Inc. Class A Add +91.3% 1.19% +0.34
HTHT H World Group Ltd.-ADR New 0.33% +0.33
YUMC Yum China Holdings Inc. Add +61.4% 0.54% +0.28
EMXC iShares MSCI Emr MRK Ex Chna Add +88.9% 0.64% +0.27
VRT Vertiv Holdings Co. Class A New 0.23% +0.23
UNH Unitedhealth Group Inc. Add +137.6% 0.38% +0.22
NTES Netease Inc.-ADR New 0.21% +0.21
QQQ Invesco QQQ Trust Series 1 New 0.20% +0.20
JPST JPMorgan Ultra-Short Income New 0.20% +0.20
PULS Pgim Ultra Short Bond ETF New 0.20% +0.20
WMT Walmart Inc. New 0.19% +0.19
IWM iShares Russell 2000 ETF New 0.18% +0.18
RACE Ferrari NV New 0.18% +0.18
ETN Eaton Corp. PLC New 0.18% +0.18
OS Onestream Inc. New 0.15% +0.15
CMG Chipotle Mexican Grill Inc. New 0.15% +0.15
CDNS Cadence Design SYS Inc. New 0.14% +0.14
LLY Eli Lilly & Co. Add +132.1% 0.25% +0.12
GPN Global Payments Inc. New 0.12% +0.12
KWEB Kranesh Csi China Internet Add +25.8% 0.39% +0.11
SNPS Synopsys Inc. Add +132.3% 0.23% +0.10
DELL Dell Technologies -C New 0.09% +0.09
TECK Teck Resources Ltd.-CLS B Add +77.3% 0.20% +0.08
ORCL Oracle Corp. New 0.07% +0.07
GE General Electric Add +49.3% 0.17% +0.06
PDD PDD Holdings Inc. New 0.06% +0.06
AA Alcoa Corp. New 0.05% +0.05
NFLX Netflix Inc. Add +61.0% 0.13% +0.04
SCCO Southern Copper Corp. Add +44.2% 0.16% +0.04
HD Home Depot Inc. Add +24.2% 0.19% +0.04
FCX Freeport-McMoran Inc. Add +44.3% 0.15% +0.03
ABBV Abbvie Inc. Add +21.4% 0.19% +0.03
ADP Automatic Data Processing Add +14.7% 0.18% +0.03
UPS United Parcel Service Class B Add +36.7% 0.16% +0.02
LIN Linde PLC Add +13.3% 0.34% +0.02
DT Dynatrace Inc. Add +7.3% 0.19% +0.02
GNRC Generac Holdings Inc. New 0.01% +0.01
AES AES Corp. New 0.01% +0.01
EMR Emerson Electric Co. New 0.01% +0.01
VST Vistra Corp. New 0.01% +0.01
JCI Johnson Controls Internation New 0.01% +0.01
FLEX Flex Ltd. New 0.01% +0.01
CMI Cummins Inc. New 0.01% +0.01
FSLR First Solar Inc. New 0.01% +0.01
CEG Constellation Energy New 0.01% +0.01
HUBB Hubbell Inc. New 0.01% +0.01
NEE Nextera Energy Inc. New 0.01% +0.01
SO The Southern Co. New 0.01% +0.01
TT Trane Technologies PLC New 0.01% +0.01

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