Temasek Holdings (Private) Ltd

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Temasek Holdings (Private) Ltd maintained a portfolio of 157 distinct positions. The most significant new addition to the portfolio was TRANSDIGM GROUP INC, which now represents 0.61% of the total fund value. They heavily accumulated shares in VISA INC, increasing their position by 5.1%. The fund also reduced its exposure to H WORLD GROUP LTD by 46.6%.
PCA Score Concentration Risk
Risk ENB
Total Positions
157
Quarter
2025 Q4
Top Holding
BLK (17.3%)
Top 10 Concentration
55.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 157
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BLK
BLACKROCK INC
Financial Services 17.26% 20.49% #1
Prev: #1
7.0 no change no change
P
S
5,092,825 $5,451,054,311
$381.55 +182.8%
$1064.41 +1.4%
2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 7.21% 7.28% #2
Prev: #2
6.4 314,755 5.1%
P
S
6,491,881 $2,276,767,586
$241.54 +46.2%
$349.99 +0.9%
2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 5.17% 4.22% #3 1
Prev: #4
5.6 2,192,965 33.4%
P
S
8,751,912 $1,632,231,588
$140.17 +34.2%
$186.49 +0.9%
2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 5.01% 5.42% #4 1
Prev: #3
3.0 8,667 0.3%
P
S
2,769,218 $1,580,891,172 2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 4.64% 3.47% #5 2
Prev: #7
4.4 546,626 13.2%
P
S
4,681,820 $1,465,409,660 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 4.14% 3.42% #6 2
Prev: #8
4.2 789,808 41.3%
P
S
2,703,988 $1,307,702,677 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 3.88% 3.70% #7 1
Prev: #6
3.6 431,794 8.8%
P
S
5,313,275 $1,226,410,136 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IBN
ICICI BANK LIMI...
Financial Services 2.76% 2.74% #8 1
Prev: #9
3.1 2,964,312 11.3%
P
S
29,195,789 $870,034,512 2008 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 2.74% 2.44% #9 1
Prev: #10
3.1 348,715 16.2%
P
S
2,496,276 $863,961,124 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INTA
INTAPP INC
Technology 2.49% 2.42% #10 1
Prev: #11
2.0 no change no change
P
S
17,146,805 $785,666,605 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPGI
S&P GLOBAL INC
Financial Services 2.15% 1.61% #11 5
Prev: #16
3.4 342,110 35.7%
P
S
1,300,302 $679,524,822 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RBLX
ROBLOX CORP
Communication Services 2.00% 3.72% #12 7
Prev: #5
1.8 no change no change
P
S
7,777,760 $630,231,893 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TPG
TPG INC
Financial Services 1.78% 1.74% #13 2
Prev: #15
1.2 -11,053 -0.1%
P
S
8,791,581 $561,254,531 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
Consumer Cyclical 1.68% 1.98% #14 1
Prev: #13
2.7 334,647 7.7%
P
S
4,682,894 $530,993,351 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DASH
DOORDASH INC
Consumer Cyclical 1.66% 2.18% #15 3
Prev: #12
1.2 -6,257 -0.3%
P
S
2,316,423 $524,623,481 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER S...
Healthcare 1.64% 1.85% #16 2
Prev: #14
1.2 -216,172 -19.5%
P
S
891,418 $516,532,160 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 1.33% 1.53% #17
Prev: #17
3.0 827,991 33.5%
P
S
3,303,217 $421,391,393 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HDB
HDFC BANK LTD
Financial Services 1.26% 1.28% #18
Prev: #18
1.5 no change no change
P
S
10,873,380 $397,313,305 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GEV
GE VERNOVA INC
Industrials 1.08% 0.97% #19 3
Prev: #22
2.4 60,875 13.3%
P
S
519,772 $339,707,386 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ABNB
AIRBNB INC
Consumer Cyclical 0.96% 0.93% #20 3
Prev: #23
1.4 no change no change
P
S
2,222,194 $301,596,170 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JPST
J P MORGAN EXCH...
ETF 0.95% 1.04% #21
Prev: #21
1.4 no change no change
P
S
5,919,494 $299,467,201 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ONC
BEONE MEDICINES...
Healthcare 0.88% 1.19% #22 3
Prev: #19
0.9 -91,877 -9.1%
P
S
919,587 $279,379,726 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ZGN
ERMENEGILDO ZEG...
Consumer Cyclical 0.88% 0.89% #23 1
Prev: #24
1.4 no change no change
P
S
27,242,276 $279,233,329 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TECK
TECK RESOURCES ...
Basic Materials 0.80% 0.80% #24 2
Prev: #26
0.8 57,380 1.1%
P
S
5,307,384 $254,170,620 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 0.77% 0.54% #25 8
Prev: #33
3.3 152,442 71.2%
P
S
366,511 $241,930,246 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LIN
LINDE PLC
Basic Materials 0.73% 0.39% #26 17
Prev: #43
3.3 301,252 127.5%
P
S
537,458 $229,166,717 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PGR
PROGRESSIVE COR...
Financial Services 0.72% 0.82% #27 2
Prev: #25
0.8 32,908 3.4%
P
S
993,588 $226,259,859 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KWEB
KRANESHARES TRU...
Bond/Debt 0.70% 0.47% #28 10
Prev: #38
3.3 3,225,790 98.5%
P
S
6,499,382 $221,303,957 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BSX
BOSTON SCIENTIF...
Healthcare 0.63% 0.57% #29 3
Prev: #32
2.8 402,300 24.0%
P
S
2,081,626 $198,483,039 2011 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSCI
MSCI INC
Financial Services 0.62% 0.67% #30 1
Prev: #29
1.2 no change no change
P
S
340,382 $195,287,365 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
YUMC
YUM CHINA HLDGS...
Consumer Cyclical 0.61% 0.69% #31 3
Prev: #28
0.7 -599,500 -12.9%
P
S
4,055,217 $193,596,060 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TDG
TRANSDIGM GROUP...
Industrials 0.61% #32
Prev: #—
3.7 145,538 no change
NEW
145,538 $193,543,709 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 0.61% 1.14% #33 13
Prev: #20
0.2 -537,492 -29.0%
P
S
1,313,262 $192,497,944 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CRM
SALESFORCE INC
Technology 0.57% 0.54% #34
Prev: #34
0.7 24,332 3.7%
P
S
683,790 $181,142,809 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 0.57% 0.62% #35 4
Prev: #31
0.7 -34,341 -4.9%
P
S
666,203 $181,113,948 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WDAY
WORKDAY INC
Technology 0.55% 0.43% #36 5
Prev: #41
3.2 289,605 55.4%
P
S
811,988 $174,398,783 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KKR
KKR & CO INC
Financial Services 0.54% 0.13% #37 42
Prev: #79
3.2 1,032,705 344.4%
P
S
1,332,549 $169,873,347 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KBWB
INVESCO EXCH TR...
ETF 0.53% 0.29% #38 16
Prev: #54
3.2 920,001 86.1%
P
S
1,989,001 $167,652,894 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TCOM
TRIP COM GROUP ...
Consumer Cyclical 0.51% 0.35% #39 8
Prev: #47
3.2 899,469 67.1%
P
S
2,239,671 $161,054,742 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EWY
ISHARES INC
ETF 0.49% 0.20% #40 30
Prev: #70
3.2 858,598 116.6%
P
S
1,594,998 $155,065,706 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BNTX
BIONTECH SE
Healthcare 0.45% 0.51% #41 6
Prev: #35
1.2 no change no change
P
S
1,506,027 $143,373,770 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WFC
WELLS FARGO CO ...
Financial Services 0.45% 0.31% #42 10
Prev: #52
2.7 437,900 40.3%
P
S
1,523,823 $142,020,304 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
BOOKING HOLDING...
Consumer Cyclical 0.43% 0.05% #43 64
Prev: #107
3.2 22,739 933.5%
P
S
25,175 $134,820,433 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ZTO
ZTO EXPRESS CAY...
Industrials 0.41% 0.69% #44 17
Prev: #27
0.2 -4,166,509 -40.0%
P
S
6,260,241 $130,776,434 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GE AEROSPACE
Industrials 0.41% 0.47% #45 5
Prev: #40
0.7 -31,354 -7.0%
P
S
419,029 $129,073,503 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DSGX
DESCARTES SYS G...
Technology 0.41% 0.48% #46 9
Prev: #37
1.2 no change no change
P
S
1,464,165 $128,348,704 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 0.40% 0.37% #47 2
Prev: #45
0.7 -23,819 -16.8%
P
S
117,847 $126,647,814 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HTHT
H WORLD GROUP L...
Consumer Cyclical 0.39% 0.66% #48 18
Prev: #30
0.2 -2,292,477 -46.6%
P
S
2,622,902 $123,407,539 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVL
MARVELL TECHNOL...
Technology 0.38% 0.38% #49 5
Prev: #44
2.2 89,025 6.7%
P
S
1,414,187 $120,177,611 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DNLI
DENALI THERAPEU...
Healthcare 0.37% 0.27% #50 7
Prev: #57
2.6 1,657,142 30.9%
P
S
7,012,974 $115,784,201 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 157 holdings

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