Q4 2025 · 13F-HR
Temasek Holdings (Private) Ltdholdings as filed
Filed 2026-02-17 · accession 0001104659-26-015596
$31.57B
Reported value
141
Positions
2025-12-31
Period end
The Brief · Temasek Holdings (Private) Ltd · Q4 2025
AI · grounded in 13F
Temasek Holdings (Private) Ltd increased its stake in MSFT by 37.07%, marking its largest accumulation by percentage. The fund also grew positions in NVDA by 36.94% and SPGI by 35.70%, while establishing a new position in TDG worth $193.5M. On the sell side, the fund trimmed its holding in CRS by 70.32% and closed its position in TEAM, reducing exposure by $69.2M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 09290D101 | BLK | BLACKROCK INC | $5.45B | 17.3% | 5,092,825 | Common | SOLE |
| 92826C839 | V | VISA INC | $2.28B | 7.21% | 6,491,881 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.63B | 5.17% | 8,751,912 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $1.58B | 5.01% | 2,769,218 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $1.47B | 4.64% | 4,681,820 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $1.31B | 4.14% | 2,703,988 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.23B | 3.88% | 5,313,275 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $870.0M | 2.76% | 29,195,789 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $864.0M | 2.74% | 2,496,276 | Common | SOLE |
| 45827U109 | INTA | INTAPP INC | $785.7M | 2.49% | 17,146,805 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $679.5M | 2.15% | 1,300,302 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $630.2M | 2.00% | 7,777,760 | Common | SOLE |
| 872657101 | TPG | TPG INC | $561.3M | 1.78% | 8,791,581 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $531.0M | 1.68% | 4,682,894 | Common | SOLE |
| 25809K105 | DASH | DOORDASH INC | $524.6M | 1.66% | 2,316,423 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $516.5M | 1.64% | 891,418 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $421.4M | 1.33% | 3,303,217 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $397.3M | 1.26% | 10,873,380 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $339.7M | 1.08% | 519,772 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $301.6M | 0.96% | 2,222,194 | Common | SOLE |
| 46641Q837 | JPST | J P MORGAN EXCHANGE TRADED F | $299.5M | 0.95% | 5,919,494 | Common | SOLE |
| 07725L102 | ONC | BEONE MEDICINES LTD | $279.4M | 0.88% | 919,587 | Common | SOLE |
| N30577105 | ZGN | ERMENEGILDO ZEGNA N V | $279.2M | 0.88% | 27,242,276 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $254.2M | 0.80% | 5,307,384 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $241.9M | 0.77% | 366,511 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $229.2M | 0.73% | 537,458 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $226.3M | 0.72% | 993,588 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $221.3M | 0.70% | 6,499,382 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $198.5M | 0.63% | 2,081,626 | Common | SOLE |
| 55354G100 | MSCI | MSCI INC | $195.3M | 0.62% | 340,382 | Common | SOLE |
| 98850P109 | YUMC | YUM CHINA HLDGS INC | $193.6M | 0.61% | 4,055,217 | Common | SOLE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $193.5M | 0.61% | 145,538 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $192.5M | 0.61% | 1,313,262 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $181.1M | 0.57% | 683,790 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $181.1M | 0.57% | 666,203 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $174.4M | 0.55% | 811,988 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $169.9M | 0.54% | 1,332,549 | Common | SOLE |
| 46138E628 | KBWB | INVESCO EXCH TRADED FD TR II | $167.7M | 0.53% | 1,989,001 | Common | SOLE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $161.1M | 0.51% | 2,239,671 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $155.1M | 0.49% | 1,594,998 | Common | SOLE |
| 09075V102 | BNTX | BIONTECH SE | $143.4M | 0.45% | 1,506,027 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $142.0M | 0.45% | 1,523,823 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $134.8M | 0.43% | 25,175 | Common | SOLE |
| 98980A105 | ZTO | ZTO EXPRESS CAYMAN INC | $130.8M | 0.41% | 6,260,241 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $129.1M | 0.41% | 419,029 | Common | SOLE |
| 249906108 | DSGX | DESCARTES SYS GROUP INC | $128.3M | 0.41% | 1,464,165 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $126.6M | 0.40% | 117,847 | Common | SOLE |
| 44332N106 | HTHT | H WORLD GROUP LTD | $123.4M | 0.39% | 2,622,902 | Common | SOLE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $120.2M | 0.38% | 1,414,187 | Common | SOLE |
| 24823R105 | DNLI | DENALI THERAPEUTICS INC | $115.8M | 0.37% | 7,012,974 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $111.3M | 0.35% | 2,520,421 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $110.5M | 0.35% | 478,800 | PUT | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $109.1M | 0.35% | 753,349 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $108.1M | 0.34% | 1,318,290 | Common | SOLE |
| 40131M109 | GH | GUARDANT HEALTH INC | $106.6M | 0.34% | 1,044,097 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $101.5M | 0.32% | 662,380 | Common | SOLE |
| 46434V878 | ICSH | ISHARES TR | $99.8M | 0.32% | 1,973,943 | Common | SOLE |
| N14506104 | ESTC | ELASTIC N V | $97.7M | 0.31% | 1,294,465 | Common | SOLE |
| G0260P102 | AS | AMER SPORTS INC | $96.3M | 0.31% | 2,578,541 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $94.8M | 0.30% | 140,727 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $93.3M | 0.30% | 142,800 | PUT | SOLE |
| 302492103 | FLYW | FLYWIRE CORPORATION | $90.5M | 0.29% | 6,390,857 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $82.4M | 0.26% | 2,096,739 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC | $80.8M | 0.26% | 368,528 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC | $80.0M | 0.25% | 557,426 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $78.6M | 0.25% | 756,866 | Common | SOLE |
| 68278B107 | K4F | ONESTREAM INC | $78.4M | 0.25% | 4,266,714 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $76.3M | 0.24% | 471,079 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $73.6M | 0.23% | 222,874 | Common | SOLE |
| 48553T106 | BZ | KANZHUN LIMITED | $73.0M | 0.23% | 3,579,525 | Common | SOLE |
| 268150109 | DT | DYNATRACE INC | $72.4M | 0.23% | 1,670,417 | Common | SOLE |
| 461202103 | INTU | INTUIT | $69.0M | 0.22% | 104,239 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $65.4M | 0.21% | 285,856 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $65.1M | 0.21% | 693,860 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $64.6M | 0.20% | 469,728 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $58.7M | 0.19% | 1,329,700 | PUT | SOLE |
| 013872106 | AA | ALCOA CORP | $57.1M | 0.18% | 1,074,394 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $56.0M | 0.18% | 675,035 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $55.8M | 0.18% | 178,576 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $54.8M | 0.17% | 860,469 | Common | SOLE |
| 461202103 | INTU | INTUIT | $50.8M | 0.16% | 76,700 | PUT | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $49.5M | 0.16% | 158,100 | CALL | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $49.1M | 0.16% | 52,557 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $48.5M | 0.15% | 435,062 | Common | SOLE |
| 482497104 | BEKE | KE HLDGS INC | $48.0M | 0.15% | 3,047,357 | Common | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTMT GROUP | $44.9M | 0.14% | 2,559,173 | Common | SOLE |
| 46429B671 | MCHI | ISHARES TR | $44.7M | 0.14% | 744,807 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $44.5M | 0.14% | 129,422 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $44.0M | 0.14% | 309,573 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $42.9M | 0.14% | 230,000 | PUT | SOLE |
| 144285103 | CRS | CARPENTER TECHNOLOGY CORP | $42.2M | 0.13% | 134,002 | Common | SOLE |
| 70451X104 | PAYO | PAYONEER GLOBAL INC | $42.1M | 0.13% | 7,494,353 | Common | SOLE |
| 808524870 | SCHP | SCHWAB STRATEGIC TR | $37.4M | 0.12% | 1,410,000 | Common | SOLE |
| 84265V105 | SCCO | SOUTHERN COPPER CORP | $35.3M | 0.11% | 245,860 | Common | SOLE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $33.1M | 0.10% | 389,300 | PUT | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $32.5M | 0.10% | 175,306 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $31.3M | 0.10% | 46,400 | PUT | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $30.6M | 0.10% | 603,209 | Common | SOLE |
| 144285103 | CRS | CARPENTER TECHNOLOGY CORP | $29.3M | 0.09% | 93,000 | PUT | SOLE |
| 46429B598 | INDA | ISHARES TR | $27.7M | 0.09% | 512,000 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $27.5M | 0.09% | 3,253,150 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $27.0M | 0.09% | 335,891 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $26.6M | 0.08% | 164,400 | PUT | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $26.1M | 0.08% | 55,642 | Common | SOLE |
| 950915108 | WRD | WERIDE INC | $25.9M | 0.08% | 2,978,803 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $24.9M | 0.08% | 44,000 | Common | SOLE |
| 98422D105 | XPEV | XPENG INC | $24.2M | 0.08% | 1,194,538 | Common | SOLE |
| 31816X106 | FLY | FIREFLY AEROSPACE INC | $23.9M | 0.08% | 1,069,588 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $21.0M | 0.07% | 328,900 | CALL | SOLE |
| G29183103 | ETN | EATON CORP PLC | $15.9M | 0.05% | 49,901 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $15.9M | 0.05% | 800,528 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $15.7M | 0.05% | 34,950 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $15.7M | 0.05% | 27,360 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $15.4M | 0.05% | 348,800 | CALL | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $13.4M | 0.04% | 473,660 | Common | SOLE |
| 092915107 | BZAI | BLAIZE HLDGS INC | $12.4M | 0.04% | 6,353,023 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $11.4M | 0.04% | 1,240,208 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $10.4M | 0.03% | 12,045 | Common | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $9.6M | 0.03% | 35,332 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $9.5M | 0.03% | 255,622 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $8.9M | 0.03% | 51,080 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $8.0M | 0.03% | 46,971 | Common | SOLE |
| 04626A103 | ALAB | ASTERA LABS INC | $7.9M | 0.02% | 47,306 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $7.6M | 0.02% | 58,189 | Common | SOLE |
| 443573100 | HUBS | HUBSPOT INC | $7.2M | 0.02% | 17,965 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $7.2M | 0.02% | 33,476 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $7.1M | 0.02% | 23,888 | Common | SOLE |
| 78397Q109 | SES | SES AI CORPORATION | $5.7M | 0.02% | 3,160,712 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $4.8M | 0.02% | 66,627 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $3.3M | 0.01% | 17,065 | Common | SOLE |
| M7S64L123 | PGY | PAGAYA TECHNOLOGIES LTD | $3.0M | 0.01% | 144,068 | Common | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $2.8M | 0.01% | 99,805 | Common | SOLE |
| 79589L106 | IOT | SAMSARA INC | $1.4M | 0.00% | 39,821 | Common | SOLE |
| 81764X103 | TTAN | SERVICETITAN INC | $1.4M | 0.00% | 12,937 | Common | SOLE |
| N5505D105 | MICC | MAGNUM ICE CREAM CO NV | $1.3M | 0.00% | 79,000 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $806,670 | 0.00% | 21,494 | Common | SOLE |
| 16935C109 | CHYM | CHIME FINL INC | $747,423 | 0.00% | 29,695 | Common | SOLE |
| 142152107 | CAI | CARIS LIFE SCIENCES INC | $330,100 | 0.00% | 12,235 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $250,738 | 0.00% | 3,148 | Common | SOLE |
| 732908108 | PONY | PONY AI INC | $210,395 | 0.00% | 14,510 | Common | SOLE |
| 09769B206 | BSLK | BOLT PROJS HLDGS INC | $98,751 | 0.00% | 123,593 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.