Temasek Holdings (Private) Ltd
Reported US equity positions for Q1 2026 — $29.7B across 133 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| BLK BlackRock, Inc. | $5.1B | 17.2% | 5,330,492 |
| V Visa Inc. | $2.0B | 6.8% | 6,671,628 |
| MA Mastercard Incorporated | $1.6B | 5.4% | 3,218,711 |
| NVDA NVIDIA Corporation | $1.6B | 5.2% | 8,902,808 |
| GOOGL Alphabet Inc. | $1.4B | 4.6% | 4,702,736 |
| AVGO Broadcom Inc. | $1.1B | 3.7% | 3,540,630 |
| MSFT Microsoft Corporation | $987.3M | 3.3% | 2,667,081 |
| AMZN Amazon.com, Inc. | $933.9M | 3.1% | 4,484,072 |
| IBN ICICI Bank Limited | $756.2M | 2.5% | 29,195,789 |
| SPGI S&P Global Inc. | $594.0M | 2.0% | 1,396,452 |
| TMO Thermo Fisher Scientific Inc | $587.8M | 2.0% | 1,195,799 |
| DASH DoorDash, Inc. | $519.7M | 1.7% | 3,461,501 |
| PDD PDD Holdings Inc. | $503.3M | 1.7% | 4,926,061 |
| GEV GE Vernova Inc. | $469.7M | 1.6% | 538,128 |
| INTA Intapp, Inc. | $440.5M | 1.5% | 17,146,805 |
| RBLX Roblox Corporation Class A | $439.9M | 1.5% | 7,777,760 |
| SE Sea Limited American Preferred | $437.5M | 1.5% | 5,282,861 |
| TPG TPG Inc. | $406.2M | 1.4% | 10,028,107 |
| KKR KKR & Co. Inc. | $325.9M | 1.1% | 3,522,797 |
| HDB HDFC Bank Limited | $312.5M | 1.1% | 12,559,656 |
| JPST JPMorgan Ultra-Short Income ETF | $299.6M | 1.0% | 5,919,494 |
| TECK Teck Resources Ltd Ordinary Shares | $294.0M | 1.0% | 5,685,453 |
| N30577105 Ermenegildo Zegna N V | $283.9M | 1.0% | 27,242,276 |
| ABNB Airbnb, Inc. | $280.6M | 0.9% | 2,222,194 |
| APO Apollo Global Management, Inc. (New) | $263.9M | 0.9% | 2,368,162 |
| ONC BeOne Medicines Ltd. | $256.2M | 0.9% | 862,643 |
| TDG Transdigm Group Incorporated | $253.7M | 0.9% | 218,885 |
| G54950103 Linde PLC | $238.6M | 0.8% | 481,354 |
| BKNG Booking Holdings Inc. | $236.1M | 0.8% | 56,071 |
| GEHC GE HealthCare Technologies Inc. | $232.1M | 0.8% | 3,261,309 |
| MSCI MSCI Inc. | $229.5M | 0.8% | 425,863 |
| CDNS Cadence Design Systems, Inc. | $208.2M | 0.7% | 749,113 |
| NFLX Netflix, Inc. | $198.9M | 0.7% | 2,068,447 |
| PGR The Progressive Corporation | $197.0M | 0.7% | 993,588 |
| GE GE Aerospace | $171.2M | 0.6% | 603,418 |
| BABA Alibaba Group Holding Limited American Preferred | $164.8M | 0.6% | 1,313,262 |
| LRCX Lam Research Corporation | $162.5M | 0.5% | 760,335 |
| LLY Eli Lilly and Company | $159.4M | 0.5% | 173,259 |
| CRM Salesforce, Inc. | $151.2M | 0.5% | 809,900 |
| BSX Boston Scientific Corporation | $150.6M | 0.5% | 2,399,426 |
| MRVL Marvell Technology, Inc. | $150.2M | 0.5% | 1,516,386 |
| META Meta Platforms, Inc. | $138.6M | 0.5% | 242,312 |
| DNLI Denali Therapeutics Inc. | $134.6M | 0.5% | 7,012,974 |
| BNTX BioNTech SE | $133.9M | 0.5% | 1,506,027 |
| YUMC Yum China Holdings, Inc. | $132.6M | 0.4% | 2,717,548 |
| WFC Wells Fargo & Company | $132.3M | 0.4% | 1,661,772 |
| AAPL Apple Inc. | $130.2M | 0.4% | 513,063 |
| FIX Comfort Systems USA, Inc. | $130.1M | 0.4% | 94,356 |
| G0260P102 Amer Sports INC | $120.7M | 0.4% | 3,665,157 |
| WDAY Workday, Inc. | $115.5M | 0.4% | 889,318 |
| TCOM Trip.com Group Limited | $111.5M | 0.4% | 2,239,671 |
| HTHT H World Group Limited | $111.2M | 0.4% | 2,210,391 |
| ISRG Intuitive Surgical, Inc. | $104.7M | 0.4% | 227,211 |
| DSGX The Descartes Systems Group Inc. | $104.7M | 0.4% | 1,464,165 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $104.4M | 0.4% | 385,856 |
| ZTO ZTO Express (Cayman) Inc. American Preferred | $104.4M | 0.4% | 4,147,325 |
| VRT Vertiv Holdings, LLC Class A | $103.1M | 0.3% | 411,631 |
| K4F Onestream INC | $102.4M | 0.3% | 4,266,714 |
| U Unity Software Inc. | $100.5M | 0.3% | 4,582,843 |
| ICSH iShares Ultra Short Duration Bond Active ETF | $99.9M | 0.3% | 1,973,943 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| LRCX Lam Research Corporation | New | $162.5M | — | — |
| G3730V105 Ftai Aviation LTD | New | $76.6M | — | — |
| PANW Palo Alto Networks, Inc. | New | $74.4M | — | — |
| G0593M107 Astrazeneca PLC | New | $70.9M | — | — |
| CCO Clear Channel Outdoor Holdings, Inc. | New | $70.9M | — | — |
| V5633W109 Makemytrip Limited Mauritius | New | $63.4M | — | — |
| BE Bloom Energy Corporation Class A | New | $48.7M | — | — |
| KLAC KLA Corporation | New | $47.7M | — | — |
| EWZ iShares MSCI Brazil ETF | New | $41.3M | — | — |
| DE Deere & Company | New | $37.3M | — | — |
| G3922B107 Genpact Limited | New | $30.0M | — | — |
| TER Teradyne, Inc. | New | $26.5M | — | — |
| STRL Sterling Infrastructure, Inc. | New | $24.0M | — | — |
| G7997R103 Seagate Technology Hldngs Pl | New | $22.8M | — | — |
| MU Micron Technology, Inc. | New | $22.6M | — | — |
| WDC Western Digital Corporation | New | $22.5M | — | — |
| SNDK Sandisk Corp | New | $19.4M | — | — |
| LITE Lumentum Holdings Inc. | New | $18.2M | — | — |
| CIEN Ciena Corporation | New | $17.3M | — | — |
| AGX Argan, Inc. | New | $16.0M | — | — |
| DNN Denison Mines Corp Ordinary Shares (Canada) | New | $13.2M | — | — |
| CMI Cummins Inc. | New | $12.4M | — | — |
| UEC Uranium Energy Corp. | New | $10.4M | — | — |
| EFR Eaton Vance Senior Floating-Rate Fund Common Shares of Beneficial… | New | $10.2M | — | — |
| YSS York Space Systems INC | New | $10.0M | — | — |
| ATAT Atour Lifestyle Holdings Limited | New | $2.9M | — | — |
| TKOEUR Taseko Mines LTD | New | $2.7M | — | — |
| FIGR Figure Technology Solutio | New | $1.4M | — | — |
| RPID Rapid Micro Biosystems INC | New | $49,527 | — | — |
| N14506104 Elastic N V | Exit | — | $97.7M | -100% |
| DT Dynatrace, Inc. | Exit | — | $72.4M | -100% |
| MCHI iShares MSCI China ETF | Exit | — | $44.7M | -100% |
| TWLO Twilio Inc. Class A | Exit | — | $44.0M | -100% |
| SCHP Schwab U.S. TIPS ETF | Exit | — | $37.4M | -100% |
| INDA iShares MSCI India ETF | Exit | — | $27.7M | -100% |
| WRD Weride INC | Exit | — | $25.9M | -100% |
| G29183103 Eaton Corp PLC | Exit | — | $15.9M | -100% |
| TSLA Tesla, Inc. | Exit | — | $15.7M | -100% |
| COST Costco Wholesale Corporation | Exit | — | $10.4M | -100% |
| CMG Chipotle Mexican Grill, Inc. | Exit | — | $9.5M | -100% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.