SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Temasek Holdings (Private) Ltd

CIK 0001021944 · 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE, 238891 · 65 6828 6828

Reported Value
$29.0B
Q3 2025
Positions
129
Filings on Record
41
2019–present window
Filed
Nov 14, 2025
original filing

Summary

Temasek Holdings (Private) Ltd reported $29.0B in U.S.-listed holdings across 129 positions for Q3 2025.

The portfolio is heavily concentrated: BLK alone accounts for 20.5% of reported value.

Compared with Q2 2025, the fund opened 21 new positions and exited 23.

Portfolio Metrics

Turnover
+7.2%
vs prior filed quarter
Top-10 Concentration
+56.9%
share of reported value
Largest Position
+20.5%
Blackrock
New / Exited
21 / 23
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $14.5BQ4 ’18Q1 ’19: $14.4BQ2 ’19: $14.0BQ3 ’19: $13.6BQ4 ’19: $15.3BQ4 ’19Q1 ’20: $13.6BQ2 ’20: $16.7BQ3 ’20: $19.7BQ4 ’20: $23.3BQ4 ’20Q1 ’21: $25.5BQ2 ’21: $34.3BQ3 ’21: $29.9BQ4 ’21: $27.7BQ4 ’21Q1 ’22: $23.7BQ2 ’22: $18.3BQ3 ’22: $16.7BQ4 ’22: $17.1BQ4 ’22Q1 ’23: $16.7BQ2 ’23: $17.3BQ3 ’23: $16.8BQ4 ’23: $17.9BQ4 ’23Q1 ’24: $18.1BQ2 ’24: $21.5BQ3 ’24: $24.7BQ4 ’24: $25.4BQ4 ’24Q1 ’25: $24.8BQ2 ’25: $26.2BQ3 ’25: $29.0BQ4 ’25: $31.6BQ4 ’25Q1 ’26: $30.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 82.0%ADR: 12.9%Other: 2.7%ETP: 2.5%
  • Common Stock · 82.0% · $23.8B
  • ADR · 12.9% · $3.7B
  • Other · 2.7% · $775M
  • ETP · 2.5% · $719M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
J P MORGAN EXCHANGE TRADED FNEW+5.92M5.92M+$300M$300M
ISHARES TRNEW+1.97M1.97M+$100M$100M
GEHCGE HEALTHCARE TECHNOLOGIES INEW+1.33M1.33M+$100M$100M
INVESCO EXCH TRADED FD TR IINEW+1.07M1.07M+$84M$84M
WIX COM LTDNEW+415.0K415.0K+$74M$74M
TEAM1EURATLASSIAN CORPORATIONNEW+433.2K433.2K+$69M$69M
AMER SPORTS INCNEW+1.76M1.76M+$61M$61M
CTSHCOGNIZANT TECHNOLOGY SOLUTIONEW+823.3K823.3K+$55M$55M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BLKBLACKROCK INChistory →COM20.49%$5.9B5.09M
2VVISA INChistory →COM CL A7.28%$2.1B6.18M
3MAMASTERCARD INCORPORATEDhistory →CL A5.42%$1.6B2.76M
4NVDANVIDIA CORPORATIONhistory →COM4.22%$1.2B6.56M
5RBLXROBLOX CORPhistory →CL A3.72%$1.1B7.78M
6AMZNAMAZON COM INChistory →COM3.70%$1.1B4.88M
7GOOGLALPHABET INChistory →CAP STK CL A3.47%$1.0B4.14M
8MSFTMICROSOFT CORPhistory →COM3.42%$991M1.91M
9IBNICICI BANK LIMITEDhistory →ADR2.74%$793M26.23M
10AVGOBROADCOM INChistory →COM2.44%$709M2.15M
11INTAINTAPP INChistory →COM2.42%$701M17.15M
12DASHDOORDASH INChistory →CL A2.18%$632M2.32M
13PDDPDD HOLDINGS INChistory →SPONSORED ADS1.98%$575M4.35M
14TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.85%$537M1.11M
15TPGTPG INChistory →COM CL A1.74%$506M8.80M
16SPGIS&P GLOBAL INChistory →COM1.61%$466M958.2K
17SESEA LTDhistory →SPONSORD ADS1.53%$442M2.48M
18HDBHDFC BANK LTDhistory →SPONSORED ADS1.28%$371M10.87M
19ONCBEONE MEDICINES LTDhistory →SPONSORED ADS1.19%$345M1.01M
20BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.14%$331M1.85M
21J P MORGAN EXCHANGE TRADED FULTRA SHRT ETF1.04%$300M5.92M
22GEVGE VERNOVA INChistory →COM0.97%$282M458.9K
23ABNBAIRBNB INChistory →COM CL A0.93%$270M2.22M
24ERMENEGILDO ZEGNA N VORD SHS0.89%$257M27.24M
25PGRPROGRESSIVE CORPhistory →COM0.82%$237M960.7K
26TECK/BTECK RESOURCES LTDhistory →CL B0.80%$230M5.25M
27ZTOZTO EXPRESS CAYMAN INChistory →SPONSORED ADS A0.69%$200M10.43M
28YUMCYUM CHINA HLDGS INChistory →COM0.69%$200M4.65M
29MSCIMSCI INChistory →COM0.67%$193M340.4K
30HTHTH WORLD GROUP LTDhistory →SPONSORED ADS0.66%$192M4.92M
31AAPLAPPLE INChistory →COM0.62%$178M700.5K
32BSXBOSTON SCIENTIFIC CORPhistory →COM0.57%$164M1.68M
33METAMETA PLATFORMS INChistory →CL A0.54%$157M214.1K
34CRMSALESFORCE INChistory →COM0.54%$156M659.5K
35BNTXBIONTECH SEhistory →SPONSORED ADS0.51%$149M1.51M
36CRSCARPENTER TECHNOLOGY CORPhistory →COM0.51%$147M596.9K
37DSGDESCARTES SYS GROUP INChistory →COM0.48%$138M1.46M
38KRANESHARES TRUSTCSI CHI INTERNET0.47%$138M3.27M
39INTUINTUIThistory →COM0.47%$137M200.6K
40GE AEROSPACECOM NEW0.47%$135M450.4K
41WDAYWORKDAY INChistory →CL A0.43%$126M522.4K
42FLYWFLYWIRE CORPORATIONhistory →COM VTG0.41%$118M8.68M
43LINDE PLCSHS0.39%$112M236.2K
44MRVLMARVELL TECHNOLOGY INChistory →COM0.38%$111M1.33M
45LLYELI LILLY & COhistory →COM0.37%$108M141.7K
46NOWSERVICENOW INChistory →COM0.37%$108M117.0K
47CLVTRIP COM GROUP LTDhistory →ADS0.35%$101M1.34M
48ISHARES TRULTRA SHORT DUR0.35%$100M1.97M
49ELASTIC N VORD SHS0.35%$100M1.18M
50GEHCGE HEALTHCARE TECHNOLOGIES Ihistory →COMMON STOCK0.34%$100M1.33M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$30.5B152May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$31.6B146Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$29.0B129Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$26.2B131Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$24.8B128May 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$25.4B135Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$24.7B121Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$21.5B90Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$18.1B101May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$17.9B101Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$16.8B82Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$17.3B75Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$16.7B81May 15, 2023RESTATEMENTchanges · EDGAR ↗
Q4 2022$17.1B72Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$16.7B82Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$18.3B97Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$23.7B96May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$27.7B95Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$29.9B99Nov 15, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$34.3B99Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$25.5B71May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$23.3B71Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$19.7B67Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$16.7B52Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$13.6B58May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$15.3B53Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$13.6B52Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$14.0B53Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$14.4B50May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$14.5B58Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 31 additional managers.

  • SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD028-14097
  • Aranda Investments Pte. Ltd.028-17255
  • Alberta Investments Pte. Ltd.028-22962
  • Seletar Investments Pte Ltd028-13095
  • Evans Investments Pte. Ltd.028-17259
  • Temasek Capital (Private) Ltd028-13090
  • Ossa Investments Pte. Ltd.028-20819
  • Hotham Investments Pte. Ltd.028-20818
  • TLS Beta Pte. Ltd.028-19223
  • V-Sciences Investments Pte Ltd028-15905
  • Temasek Life Sciences Private Ltd028-15907
  • Munday Investments Pte. Ltd.028-15904
  • Canhill Investments Pte. Ltd.028-13098
  • Ixora Investments Pte. Ltd.028-17256
  • Fullerton Management Pte Ltd028-13103
  • Ellington Investments Pte. Ltd.028-19227
  • Bartley Investments Pte. Ltd.028-19228
  • Dahlia Investments Pte. Ltd.028-15196
  • Anderson Investments Pte. Ltd.028-19221
  • Thomson Capital Pte. Ltd.028-15195
  • Esta Investments Pte. Ltd.028-15912
  • Tembusu Capital Pte. Ltd.028-14163
  • Birchtree Fund Investments Private Ltd028-20817
  • Hong Lim Fund Investments Pte Ltd028-25122
  • Fullerton Fund Investments Pte Ltd028-15193
  • Robson Investments Pte. Ltd.028-25119
  • Alsek Investments Pte. Ltd.028-25117
  • Whitecap Investments Pte. Ltd.028-25123
  • Waddington Investments Pte. Ltd.028-25121
  • Antero Investments Pte. Ltd.028-25118
  • Temasek Capital (Americas) Holdings Pte. Ltd.028-25120

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.