Temasek Holdings (Private) Ltd
Long book
$29.72B
Q1 2026
Positions
132
Top-10 weight
54%
concentration
Last quarter
+12.2%
SPY +14.8%
Turnover
35%
of book per quarter
Strategy in plain words
auto-generated from filingsTemasek Holdings (Private) Ltd is a pension / sovereign wealth manager, running a $29.72B US long book across 132 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: BLACKROCK INC, VISA INC-CLASS A SHARES, MASTERCARD INC - A, NVIDIA CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.5%
Q2 2024
+13.3%
Q3 2024
+8.0%
Q4 2024
-4.4%
Q1 2025
+12.7%
Q2 2025
+8.0%
Q3 2025
-1.5%
Q4 2025
-12.8%
Q1 2026
+12.2%
Sector allocation
Technology 30%
Financials 25%
Services media 22%
Industrials 7%
Other 5%
Consumer discretionary 4%
Healthcare 4%
Materials 3%
Long book by quarter
What does Temasek Holdings own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BLK BLACKROCK INC | Financials | 5.3M | $5.13B | 17.2% | +4.7% |
| V VISA INC-CLASS A SHARES | Services media | 6.7M | $2.02B | 6.8% | +2.8% |
| MA MASTERCARD INC - A | Services media | 3.2M | $1.61B | 5.4% | +16.2% |
| NVDA NVIDIA CORP | Technology | 8.9M | $1.55B | 5.2% | +1.7% |
| GOOGL ALPHABET INC-CL A | Technology | 4.7M | $1.35B | 4.6% | +0.4% |
| AVGO BROADCOM INC | Technology | 3.5M | $1.10B | 3.7% | +41.8% |
| MSFT MICROSOFT CORP | Technology | 2.7M | $987.3M | 3.3% | -1.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.5M | $933.9M | 3.1% | -15.6% |
| SPGI S&P GLOBAL INC | Services media | 1.4M | $594.0M | 2.0% | +7.4% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 1.2M | $587.8M | 2.0% | +34.1% |
| DASH DOORDASH INC - A | Services media | 3.5M | $519.7M | 1.7% | +49.4% |
| GEV GE VERNOVA INC | Industrials | 538.1K | $469.7M | 1.6% | +3.5% |
| INTA INTAPP INC | Technology | 17.1M | $440.5M | 1.5% | Held |
| RBLX ROBLOX CORP -CLASS A | Technology | 7.8M | $439.9M | 1.5% | Held |
| TPG TPG INC | Financials | 10.0M | $406.2M | 1.4% | +14.1% |
| KKR KKR & CO INC | Financials | 3.5M | $325.9M | 1.1% | +164.4% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 5.7M | $294.0M | 1.0% | +7.1% |
| ZGN ERMENEGILDO ZEGNA NV | Other | 27.2M | $283.9M | 1.0% | Held |
| ABNB AIRBNB INC-CLASS A | Services media | 2.2M | $280.6M | 0.9% | Held |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 2.4M | $263.9M | 0.9% | +214.4% |
| TDG TRANSDIGM GROUP INC | Industrials | 218.9K | $253.7M | 0.9% | +50.4% |
| LIN LINDE PLC | Materials | 481.4K | $238.6M | 0.8% | -10.4% |
| BKNG BOOKING HOLDINGS INC | Industrials | 56.1K | $236.1M | 0.8% | +122.7% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 3.3M | $232.1M | 0.8% | +147.4% |
| MSCI MSCI INC | Services media | 425.9K | $229.5M | 0.8% | +25.1% |
| CDNS CADENCE DESIGN SYS INC | Technology | 749.1K | $208.2M | 0.7% | +319.5% |
| NFLX NETFLIX INC | Services media | 2.1M | $198.9M | 0.7% | +198.1% |
| PGR PROGRESSIVE CORP | Financials | 993.6K | $197.0M | 0.7% | Held |
| GE GENERAL ELECTRIC | Industrials | 603.4K | $171.2M | 0.6% | +44.0% |
| LRCX LAM RESEARCH CORP | Industrials | 760.3K | $162.5M | 0.5% | New |
| LLY ELI LILLY & CO | Healthcare | 173.3K | $159.4M | 0.5% | +47.0% |
| CRM SALESFORCE INC | Technology | 809.9K | $151.2M | 0.5% | +18.4% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 2.4M | $150.6M | 0.5% | +15.3% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 1.5M | $150.2M | 0.5% | +7.2% |
| META META PLATFORMS INC-CLASS A | Technology | 242.3K | $138.6M | 0.5% | -33.9% |
| DNLI DENALI THERAPEUTICS INC | Healthcare | 7.0M | $134.6M | 0.5% | Held |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 2.7M | $132.6M | 0.4% | -33.0% |
| WFC WELLS FARGO & CO | Financials | 1.7M | $132.3M | 0.4% | +9.1% |
| AAPL APPLE INC | Technology | 513.1K | $130.2M | 0.4% | -23.0% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 94.4K | $130.1M | 0.4% | +79.5% |
| AS AMER SPORTS INC | Other | 3.7M | $120.7M | 0.4% | +42.1% |
| WDAY WORKDAY INC-CLASS A | Technology | 889.3K | $115.5M | 0.4% | +9.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 227.2K | $104.7M | 0.4% | +416.4% |
| DSGX DESCARTES SYSTEMS GRP/THE | Technology | 1.5M | $104.7M | 0.4% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 385.9K | $104.4M | 0.4% | +73.1% |
| VRT VERTIV HOLDINGS CO-A | Technology | 411.6K | $103.1M | 0.3% | -12.6% |
| K4F ONESTREAM INC | — | 4.3M | $102.4M | 0.3% | Held |
| U UNITY SOFTWARE INC | Technology | 4.6M | $100.5M | 0.3% | +81.8% |
| GH GUARDANT HEALTH INC | Healthcare | 985.6K | $91.0M | 0.3% | -5.6% |
| PEP PEPSICO INC | Consumer staples | 579.6K | $90.0M | 0.3% | +4.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 152 | $30.48B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 146 | $31.57B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 129 | $28.98B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 131 | $26.16B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 16, 2025 | 128 | $24.84B | canonical | SEC ↗ |
| Q1 2025 | 13F-NT | May 15, 2025 | — | $0 | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 135 | $25.35B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 121 | $24.69B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Oct 7, 2024 | 1 | $1.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 90 | $21.54B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Oct 7, 2024 | 1 | $1.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 101 | $18.06B | canonical | SEC ↗ |