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Temasek Holdings (Private) Ltd Top Holdings and 13F Report (2026)

About Temasek Holdings (Private) Ltd

Investment Activity

  • Temasek Holdings (Private) Ltd has $37.25 billion in total holdings as of December 31, 2025.
  • Temasek Holdings (Private) Ltd owns shares of 177 different stocks, but just 38 companies or ETFs make up 80% of its holdings.
  • Approximately 21.47% of the portfolio was purchased this quarter.
  • About 6.68% of the portfolio was sold this quarter.
  • This quarter, Temasek Holdings (Private) Ltd has purchased 132 new stocks and bought additional shares in 43 stocks.
  • Temasek Holdings (Private) Ltd sold shares of 45 stocks and completely divested from 13 stocks this quarter.

Largest Holdings

BLACKROCK INC
$4,995,462,857
Alphabet
$2,528,885,206
Visa
$2,263,438,151
NVIDIA
$1,727,721,725
SPACE EXPLORATION TECHN CORP
$1,679,886,123

Largest New Holdings this Quarter

84615Q103 - SPACE EXPLORATION TECHN CORP
$1,679,886,123 Holding
02079K107 - Alphabet
$706,660,000 Holding
N07059210 - ASML
$234,712,142 Holding
G25457105 - Credo Technology Group
$138,506,311 Holding
040413205 - ARISTA NETWORKS INC
$113,661,951 Holding

Largest Purchases this Quarter

Alphabet
7,073,887 shares (about $2.53B)
SPACE EXPLORATION TECHN CORP
9,831,945 shares (about $1.68B)
Alphabet
2,000,000 shares (about $706.66M)
Booking
1,695,592 shares (about $302.22M)
ASML
117,979 shares (about $234.71M)

Largest Sales this Quarter

Marvell Technology
655,424 shares (about $195.24M)
Bloom Energy
546,528 shares (about $165.43M)
NVIDIA
796,485 shares (about $159.37M)
BLACKROCK INC
135,327 shares (about $130.13M)
PDD
1,303,089 shares (about $99.40M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofTemasek Holdings (Private) Ltd

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
BLACKROCK INC
$4,995,462,857$130,125,030 â–¼-2.5%5,195,16513.4%COM
Alphabet Inc. stock logo
GOOGL
Alphabet
$2,528,885,206$2,527,994,997 â–²283,977.8%7,076,3786.8%Communication Services
Visa Inc. stock logo
V
Visa
$2,263,438,151$25,530,699 â–¼-1.1%6,597,2146.1%Finance
NVIDIA Corporation stock logo
NVDA
NVIDIA
$1,727,721,725$159,368,684 â–¼-8.4%8,634,7234.6%Technology
SPACE EXPLORATION TECHN CORP
$1,679,886,123$1,679,886,123 â–²New Holding9,831,9454.5%CLASS A COM STK
Mastercard Incorporated stock logo
MA
Mastercard
$1,671,049,987$17,920,018 â–²1.1%3,253,6024.5%Finance
Broadcom Inc. stock logo
AVGO
Broadcom
$1,413,077,001$75,604,018 â–²5.7%3,740,7733.8%Technology
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$1,089,257,655$59,534,472 â–¼-5.2%4,570,1842.9%Consumer Discretionary
Microsoft Corporation stock logo
MSFT
Microsoft
$985,699,009$9,175,546 â–¼-0.9%2,642,4832.6%Technology
ICICI Bank Limited stock logo
IBN
ICICI Bank
$847,553,7550.0%29,195,7892.3%Finance
Alphabet Inc. stock logo
GOOG
Alphabet
$706,660,000$706,660,000 â–²New Holding2,000,0001.9%Communication Services
GE VERNOVA INC
$679,496,729$86,427,401 â–¼-11.3%578,3641.8%COM
DOORDASH INC
$638,750,7800.0%3,461,5011.7%CL A
S&P Global Inc. stock logo
SPGI
S&P Global
$613,705,388$44,986,347 â–²7.9%1,506,9131.6%Finance
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$611,423,059$13,972,903 â–¼-2.2%1,219,5291.6%Healthcare
Sea Limited Sponsored ADR stock logo
SE
SEA
$550,503,772$44,247,203 â–²8.7%5,744,5871.5%Consumer Discretionary
Intapp, Inc. stock logo
INTA
Intapp
$432,270,9540.0%17,146,8051.2%Technology
LAM RESEARCH CORP
$429,951,759$2,310,082 â–¼-0.5%992,2041.2%COM NEW
Roblox Corporation stock logo
RBLX
Roblox
$422,954,5890.0%7,777,7601.1%Communication Services
TPG Inc. stock logo
TPG
TPG
$412,112,286$5,472,547 â–²1.3%10,163,0651.1%Finance
HDFC Bank Limited stock logo
HDB
HDFC Bank
$395,334,143$70,918,228 â–²21.9%15,305,2321.1%Finance
Ermenegildo Zegna N.V. stock logo
ZGN
Ermenegildo Zegna
$354,694,4340.0%27,242,2761.0%Consumer Discretionary
Teck Resources Ltd stock logo
TECK
Teck Resources
$337,904,5380.0%5,685,4530.9%Materials
KKR & Co. Inc. stock logo
KKR
KKR & Co. Inc.
$336,771,933$13,449,625 â–²4.2%3,669,3390.9%Finance
Airbnb, Inc. stock logo
ABNB
Airbnb
$317,995,9610.0%2,222,1940.9%Consumer Discretionary
Booking Holdings Inc. stock logo
BKNG
Booking
$312,448,125$302,222,318 â–²2,955.5%1,752,9630.8%Consumer Discretionary
Transdigm Group Incorporated stock logo
TDG
Transdigm Group
$303,863,633$12,300,057 â–²4.2%228,1190.8%Industrials
JPMorgan Ultra-Short Income ETF stock logo
JPST
JPMorgan Ultra-Short Income ETF
$299,348,8120.0%5,919,4940.8%ETF
PDD Holdings Inc. Sponsored ADR stock logo
PDD
PDD
$276,360,304$99,399,629 â–¼-26.5%3,622,9720.7%Consumer Discretionary
Marvell Technology, Inc. stock logo
MRVL
Marvell Technology
$256,471,970$195,244,255 â–¼-43.2%860,9620.7%Technology
Cadence Design Systems, Inc. stock logo
CDNS
Cadence Design Systems
$252,389,939$28,767,152 â–¼-10.2%672,4660.7%Technology
LINDE PLC
$247,726,907$5,128,684 â–¼-2.0%477,3710.7%SHS
Sterling Infrastructure, Inc. stock logo
STRL
Sterling Infrastructure
$247,127,729$197,647,457 â–²399.4%294,4240.7%Industrials
Comfort Systems USA, Inc. stock logo
FIX
Comfort Systems USA
$246,625,930$19,660,944 â–¼-7.4%124,4360.7%Industrials
BEONE MEDICINES LTD
$241,007,393$4,819,983 â–¼-2.0%845,7290.6%SPONSORED ADS
Apollo Global Management Inc. stock logo
APO
Apollo Global Management
$240,097,722$40,079,524 â–¼-14.3%2,029,3950.6%Finance
ASML Holding N.V. stock logo
ASML
ASML
$234,712,142$234,712,142 â–²New Holding117,9790.6%Technology
GE Aerospace stock logo
GE
GE Aerospace
$226,118,983$603,574 â–²0.3%605,0330.6%Industrials
Unity Software Inc. stock logo
U
Unity Software
$220,090,093$26,899,496 â–¼-10.9%7,700,8430.6%Technology
Meta Platforms, Inc. stock logo
META
Meta Platforms
$219,411,594$19,380,556 â–²9.7%389,5180.6%Communication Services
Intuitive Surgical, Inc. stock logo
ISRG
Intuitive Surgical
$196,401,824$106,044,553 â–²117.4%493,8690.5%Healthcare
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$181,681,260$26,130,782 â–¼-12.6%151,4730.5%Healthcare
Netflix, Inc. stock logo
NFLX
Netflix
$180,380,962$32,693,846 â–²22.1%2,526,3440.5%Communication Services
Denali Therapeutics Inc. stock logo
DNLI
Denali Therapeutics
$180,373,6910.0%7,012,9740.5%Healthcare
Wells Fargo & Company stock logo
WFC
Wells Fargo & Company
$179,870,340$42,541,502 â–²31.0%2,176,5530.5%Finance
FTAI AVIATION LTD
$179,516,945$69,597,089 â–²63.3%663,5750.5%SHS
MSCI Inc stock logo
MSCI
MSCI
$171,679,702$66,820,613 â–¼-28.0%306,5490.5%Finance
iShares MSCI South Korea ETF stock logo
EWY
iShares MSCI South Korea ETF
$171,574,216$36,895,610 â–²27.4%849,7980.5%ETF
Vertiv Holdings Co. stock logo
VRT
Vertiv
$165,231,996$12,032,092 â–¼-6.8%493,4950.4%Industrials
GE HealthCare Technologies Inc. stock logo
GEHC
GE HealthCare Technologies
$161,010,306$88,507,651 â–¼-35.5%2,515,3930.4%Healthcare
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$154,566,978$5,806,351 â–¼-3.6%371,8860.4%Healthcare
Invesco KBW Bank ETF stock logo
KBWB
Invesco KBW Bank ETF
$154,370,603$51,640,534 â–²50.3%1,660,2560.4%ETF
Guardant Health, Inc. stock logo
GH
Guardant Health
$153,619,768$5,754,551 â–²3.9%1,023,9270.4%Healthcare
Micron Technology, Inc. stock logo
MU
Micron Technology
$153,527,496$76,340,124 â–²98.9%133,0060.4%Technology
Caterpillar Inc. stock logo
CAT
Caterpillar
$149,802,678$93,838,988 â–²167.7%140,6730.4%Industrials
The Progressive Corporation stock logo
PGR
Progressive
$146,792,939$70,256,360 â–¼-32.4%671,9750.4%Finance
Apple Inc. stock logo
AAPL
Apple
$145,974,886$2,485,024 â–¼-1.7%504,4750.4%Technology
BioNTech SE Sponsored ADR stock logo
BNTX
BioNTech
$140,135,8120.0%1,506,0270.4%Healthcare
The Descartes Systems Group Inc. stock logo
DSGX
The Descartes Systems Group
$139,065,021$37,823,136 â–²37.4%2,011,1650.4%Technology
Credo Technology Group Holding Ltd. stock logo
CRDO
Credo Technology Group
$138,506,311$138,506,311 â–²New Holding509,3080.4%Technology
Alibaba Group Holding Limited stock logo
BABA
Alibaba Group
$126,046,8870.0%1,313,2620.3%Consumer Discretionary
ARISTA NETWORKS INC
$113,661,951$113,661,951 â–²New Holding669,0720.3%COM SHS
Flywire Corporation stock logo
FLYW
Flywire
$108,466,3740.0%6,173,3850.3%Finance
Merck & Co., Inc. stock logo
MRK
Merck & Co., Inc.
$104,868,979$104,868,979 â–²New Holding816,1010.3%Healthcare
AstraZeneca PLC stock logo
AZNCF
AstraZeneca
$103,548,008$35,272,925 â–²51.7%554,4100.3%Healthcare
Boston Scientific Corporation stock logo
BSX
Boston Scientific
$102,407,5020.0%2,399,4260.3%Healthcare
Palo Alto Networks, Inc. stock logo
PANW
Palo Alto Networks
$101,466,409$56,807,112 â–¼-35.9%297,5380.3%Technology
iShares Ultra Short-Term Bond Active ETF stock logo
ICSH
iShares Ultra Short-Term Bond Active ETF
$99,842,0370.0%1,973,9430.3%ETF
KLA Corporation stock logo
KLAC
KLA
$97,714,818$87,943,336 â–²900.0%323,8700.3%Technology
H World Group Limited Sponsored ADR stock logo
HTHT
H World Group
$96,340,450$4,122,937 â–²4.5%2,309,2150.3%Consumer Discretionary
ZTO Express (Cayman) Inc. stock logo
ZTO
ZTO Express (Cayman)
$92,817,1340.0%4,147,3250.2%Industrials
Cameco Corporation stock logo
CCJ
Cameco
$91,617,162$25,169,606 â–²37.9%899,4420.2%Energy
NetEase, Inc. stock logo
NTES
NetEase
$90,737,7280.0%708,1140.2%Communication Services
MakeMyTrip Limited stock logo
MMYT
MakeMyTrip
$90,670,5900.0%1,701,4560.2%Consumer Discretionary
Trip.com Group Limited Sponsored ADR stock logo
TCOM
Trip.com Group
$89,228,4930.0%2,239,6710.2%Consumer Discretionary
The Home Depot, Inc. stock logo
HD
Home Depot
$89,158,915$31,583,199 â–²54.9%252,8040.2%Consumer Discretionary
Deere & Company stock logo
DE
Deere & Company
$86,615,224$44,660,004 â–²106.4%136,5460.2%Industrials
CEREBRAS SYSTEMS INC
$83,670,600$83,670,600 â–²New Holding378,6000.2%COM CL A
PepsiCo, Inc. stock logo
PEP
PepsiCo
$78,480,4130.0%579,6190.2%Consumer Staples
Yum China stock logo
YUMC
Yum China
$78,328,132$32,738,055 â–¼-29.5%1,916,5190.2%Consumer Discretionary
AMER SPORTS INC
$78,130,773$45,898,139 â–¼-37.0%2,308,8290.2%COM SHS
WALMART INC
$77,551,727$53,352,369 â–²220.5%684,7230.2%COM
APPLIED AEROSPACE & DEFENSE
$74,035,000$74,035,000 â–²New Holding3,250,0000.2%COMMON STOCK
The TJX Companies, Inc. stock logo
TJX
TJX Companies
$72,646,220$72,646,220 â–²New Holding479,5130.2%Consumer Discretionary
VanEck Gold Miners ETF stock logo
GDX
VanEck Gold Miners ETF
$68,418,060$68,418,060 â–²New Holding906,8000.2%ETF
Alcoa stock logo
AA
Alcoa
$67,815,7350.0%1,300,6470.2%Materials
ARXIS INC
$63,387,178$63,387,178 â–²New Holding1,373,8010.2%CL A COM
APPLOVIN CORP
$61,119,159$61,723,009 â–¼-50.2%118,6250.2%COM CL A
KANZHUN LIMITED Sponsored ADR stock logo
BZ
KANZHUN
$55,932,0550.0%4,345,9250.2%Industrials
MARSH & MCLENNAN COS INC
$54,331,087$16,149,156 â–²42.3%325,9800.1%COM
Danaher Corporation stock logo
DHR
Danaher
$53,670,407$4,764,286 â–¼-8.2%281,7640.1%Healthcare
Southern Copper Corporation stock logo
SCCO
Southern Copper
$47,569,321$470,851 â–²1.0%272,9790.1%Materials
Freeport-McMoRan Inc. stock logo
FCX
Freeport-McMoRan
$42,088,9440.0%669,2470.1%Materials
KE Holdings Inc. Sponsored ADR stock logo
BEKE
KE
$42,081,074$2,197,023 â–¼-5.0%2,896,1510.1%Real Estate
Teradyne, Inc. stock logo
TER
Teradyne
$39,310,065$3,988,777 â–¼-9.2%81,2460.1%Technology
Global-e Online Ltd. stock logo
GLBE
Global-e Online
$38,045,117$24,718,348 â–¼-39.4%1,095,4540.1%Consumer Discretionary
Qualcomm Incorporated stock logo
QCOM
Qualcomm
$36,105,379$36,105,379 â–²New Holding195,3860.1%Technology
Atour Lifestyle Holdings Limited Sponsored ADR stock logo
ATAT
Atour Lifestyle
$34,234,449$31,746,290 â–²1,275.9%1,076,5550.1%Consumer Discretionary
Global X Copper Miners ETF stock logo
COPX
Global X Copper Miners ETF
$32,851,874$32,851,874 â–²New Holding426,8140.1%ETF
Snowflake Inc. stock logo
SNOW
Snowflake
$30,201,770$21,652,606 â–¼-41.8%118,6710.1%Technology

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