13F COMBINATION REPORT
Temasek Holdings (Private) Ltd
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001104659-25-111787
Total Value
$28.98B
Positions
129
Other Managers
30
Confidential Omitted
No
Holdings (129)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BLACKROCK INC | BLK | 5,092,825 | $5.94B | 20.49% |
| 2 | VISA INC | V | 6,177,126 | $2.11B | 7.28% |
| 3 | MASTERCARD INCORPORATED | MA | 2,760,551 | $1.57B | 5.42% |
| 4 | NVIDIA CORPORATION | NVDA | 6,558,947 | $1.22B | 4.22% |
| 5 | ROBLOX CORP | RBLX | 7,777,760 | $1.08B | 3.72% |
| 6 | AMAZON COM INC | AMZN | 4,881,481 | $1.07B | 3.70% |
| 7 | ALPHABET INC | GOOG | 4,135,194 | $1.01B | 3.47% |
| 8 | MICROSOFT CORP | MSFT | 1,914,180 | $991.4M | 3.42% |
| 9 | ICICI BANK LIMITED | IBN | 26,231,477 | $793.0M | 2.74% |
| 10 | BROADCOM INC | AVGO | 2,147,561 | $708.5M | 2.44% |
| 11 | INTAPP INC | INTA | 17,146,805 | $701.3M | 2.42% |
| 12 | DOORDASH INC | DASH | 2,322,680 | $631.7M | 2.18% |
| 13 | PDD HOLDINGS INC | PDD | 4,348,247 | $574.7M | 1.98% |
| 14 | THERMO FISHER SCIENTIFIC INC | TMO | 1,107,590 | $537.2M | 1.85% |
| 15 | TPG INC | TPGXL | 8,802,634 | $505.7M | 1.74% |
| 16 | S&P GLOBAL INC | SPGI | 958,192 | $466.4M | 1.61% |
| 17 | SEA LTD | SE | 2,475,226 | $442.4M | 1.53% |
| 18 | HDFC BANK LTD | HDB | 10,873,380 | $371.4M | 1.28% |
| 19 | BEONE MEDICINES LTD | BEIGF | 1,011,464 | $344.6M | 1.19% |
| 20 | ALIBABA GROUP HLDG LTD | BBAAY | 1,850,754 | $330.8M | 1.14% |
| 21 | J P MORGAN EXCHANGE TRADED F | 46641Q837 | 5,919,494 | $300.3M | 1.04% |
| 22 | GE VERNOVA INC | GEV | 458,897 | $282.2M | 0.97% |
| 23 | AIRBNB INC | ABNB | 2,222,194 | $269.8M | 0.93% |
| 24 | ERMENEGILDO ZEGNA N V | ZGN | 27,242,276 | $257.4M | 0.89% |
| 25 | PROGRESSIVE CORP | 743315103 | 960,680 | $237.2M | 0.82% |
| 26 | TECK RESOURCES LTD | TCKRF | 5,250,004 | $230.4M | 0.80% |
| 27 | ZTO EXPRESS CAYMAN INC | ZTOEF | 10,426,750 | $200.2M | 0.69% |
| 28 | YUM CHINA HLDGS INC | YUMC | 4,654,717 | $199.8M | 0.69% |
| 29 | MSCI INC | MSCI | 340,382 | $193.1M | 0.67% |
| 30 | H WORLD GROUP LTD | HWLDF | 4,915,379 | $192.2M | 0.66% |
| 31 | APPLE INC | AAPL | 700,544 | $178.4M | 0.62% |
| 32 | BOSTON SCIENTIFIC CORP | BSX | 1,679,326 | $164.0M | 0.57% |
| 33 | META PLATFORMS INC | META | 214,069 | $157.2M | 0.54% |
| 34 | SALESFORCE INC | CRM | 659,458 | $156.3M | 0.54% |
| 35 | BIONTECH SE | BNTX | 1,506,027 | $148.5M | 0.51% |
| 36 | CARPENTER TECHNOLOGY CORP | CRS | 596,935 | $146.6M | 0.51% |
| 37 | DESCARTES SYS GROUP INC | 249906108 | 1,464,165 | $138.0M | 0.48% |
| 38 | KRANESHARES TRUST | 500767306 | 3,273,592 | $137.5M | 0.47% |
| 39 | INTUIT | INTU | 200,641 | $137.0M | 0.47% |
| 40 | GE AEROSPACE | 369604301 | 450,383 | $135.5M | 0.47% |
| 41 | WORKDAY INC | WDAY | 522,383 | $125.8M | 0.43% |
| 42 | FLYWIRE CORPORATION | FLYW | 8,684,895 | $117.6M | 0.41% |
| 43 | LINDE PLC | LIN | 236,206 | $112.2M | 0.39% |
| 44 | MARVELL TECHNOLOGY INC | MRVL | 1,325,162 | $111.4M | 0.38% |
| 45 | ELI LILLY & CO | LLY | 141,666 | $108.1M | 0.37% |
| 46 | SERVICENOW INC | NOW | 117,005 | $107.7M | 0.37% |
| 47 | TRIP COM GROUP LTD | TRPCF | 1,340,202 | $100.8M | 0.35% |
| 48 | ISHARES TR | 46434V878 | 1,973,943 | $100.2M | 0.35% |
| 49 | ELASTIC N V | ESTC | 1,184,857 | $100.1M | 0.35% |
| 50 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 1,330,515 | $99.9M | 0.34% |
| 51 | DYNATRACE INC | DT | 1,989,098 | $96.4M | 0.33% |
| 52 | WELLS FARGO CO NEW | 949746101 | 1,085,923 | $91.0M | 0.31% |
| 53 | GLOBAL E ONLINE LTD | GLBE | 2,491,323 | $89.1M | 0.31% |
| 54 | INVESCO EXCH TRADED FD TR II | IVZ | 1,069,000 | $83.6M | 0.29% |
| 55 | ONESTREAM INC | OS | 4,266,714 | $78.6M | 0.27% |
| 56 | PEPSICO INC | PEP | 557,426 | $78.3M | 0.27% |
| 57 | DENALI THERAPEUTICS INC | DNLI | 5,355,832 | $77.8M | 0.27% |
| 58 | WIX COM LTD | WIX | 414,997 | $73.7M | 0.25% |
| 59 | EATON CORP PLC | ETN | 190,585 | $71.3M | 0.25% |
| 60 | ORACLE CORP | ORCL-PD | 251,426 | $70.7M | 0.24% |
| 61 | ATLASSIAN CORPORATION | TEAM | 433,165 | $69.2M | 0.24% |
| 62 | GUARDANT HEALTH INC | GH | 1,044,097 | $65.2M | 0.23% |
| 63 | KANZHUN LIMITED | BZ | 2,662,819 | $62.2M | 0.21% |
| 64 | PAYONEER GLOBAL INC | PAYO | 10,152,388 | $61.4M | 0.21% |
| 65 | CAMECO CORP | CCJ | 731,519 | $61.3M | 0.21% |
| 66 | AMER SPORTS INC | AS | 1,761,413 | $61.2M | 0.21% |
| 67 | NETFLIX INC | NFLX | 50,170 | $60.1M | 0.21% |
| 68 | UNITY SOFTWARE INC | U | 1,480,545 | $59.3M | 0.20% |
| 69 | ISHARES INC | 464286772 | 736,400 | $59.0M | 0.20% |
| 70 | NETEASE INC | NETTF | 366,075 | $55.6M | 0.19% |
| 71 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 823,278 | $55.2M | 0.19% |
| 72 | DEERE & CO | DE | 106,435 | $48.7M | 0.17% |
| 73 | CADENCE DESIGN SYSTEM INC | CDNS | 127,094 | $44.6M | 0.15% |
| 74 | SNOWFLAKE INC | SNOW | 187,427 | $42.3M | 0.15% |
| 75 | CARPENTER TECHNOLOGY CORP | CRS | 168,000 | $41.3M | 0.14% |
| 76 | KE HLDGS INC | BEKE | 2,165,851 | $41.2M | 0.14% |
| 77 | KKR & CO INC | KKRT | 299,844 | $39.0M | 0.13% |
| 78 | SCHWAB STRATEGIC TR | 808524870 | 1,410,000 | $38.0M | 0.13% |
| 79 | MARSH & MCLENNAN COS INC | 571748102 | 175,306 | $35.3M | 0.12% |
| 80 | WALMART INC | WMT | 337,562 | $34.8M | 0.12% |
| 81 | DANAHER CORPORATION | 235851102 | 168,806 | $33.5M | 0.12% |
| 82 | MARVELL TECHNOLOGY INC | MRVL | 389,300 | $32.7M | 0.11% |
| 83 | ALCOA CORP | AA | 978,244 | $32.2M | 0.11% |
| 84 | MICROSOFT CORP | MSFT | 58,500 | $30.3M | 0.10% |
| 85 | AMAZON COM INC | AMZN | 137,100 | $30.1M | 0.10% |
| 86 | SOUTHERN COPPER CORP | SCCO | 243,788 | $29.6M | 0.10% |
| 87 | AMAZON COM INC | AMZN | 128,500 | $28.2M | 0.10% |
| 88 | XPENG INC | XPNGF | 1,194,538 | $28.0M | 0.10% |
| 89 | NIKE INC | NKE | 374,563 | $26.1M | 0.09% |
| 90 | TENCENT MUSIC ENTMT GROUP | XHLD | 1,041,692 | $24.3M | 0.08% |
| 91 | FIRST SOLAR INC | FSLR | 107,500 | $23.7M | 0.08% |
| 92 | FREEPORT-MCMORAN INC | FCX | 603,209 | $23.7M | 0.08% |
| 93 | FIRST SOLAR INC | FSLR | 103,400 | $22.8M | 0.08% |
| 94 | SYNOPSYS INC | SNPS | 45,307 | $22.4M | 0.08% |
| 95 | BLAIZE HLDGS INC | BZAIW | 6,353,023 | $21.9M | 0.08% |
| 96 | SES AI CORPORATION | SES-WT | 12,675,757 | $21.2M | 0.07% |
| 97 | FIRST SOLAR INC | FSLR | 95,000 | $21.0M | 0.07% |
| 98 | QUALCOMM INC | QCOM | 125,219 | $20.8M | 0.07% |
| 99 | ELI LILLY & CO | LLY | 27,300 | $20.8M | 0.07% |
| 100 | CHIPOTLE MEXICAN GRILL INC | CMG | 528,521 | $20.7M | 0.07% |
| 101 | PINTEREST INC | PINS | 635,441 | $20.4M | 0.07% |
| 102 | PINTEREST INC | PINS | 563,000 | $18.1M | 0.06% |
| 103 | ABBVIE INC | ABBV | 67,969 | $15.7M | 0.05% |
| 104 | JPMORGAN CHASE & CO. | VYLD | 49,870 | $15.7M | 0.05% |
| 105 | TESLA INC | TSLA | 34,950 | $15.5M | 0.05% |
| 106 | NIKE INC | NKE | 217,300 | $15.2M | 0.05% |
| 107 | MONSTER BEVERAGE CORP NEW | MNST | 212,528 | $14.3M | 0.05% |
| 108 | UNITY SOFTWARE INC | U | 348,800 | $14.0M | 0.05% |
| 109 | WERIDE INC | WRDIF | 1,355,647 | $13.4M | 0.05% |
| 110 | BOOKING HOLDINGS INC | BKNG | 2,436 | $13.2M | 0.05% |
| 111 | COSTCO WHSL CORP NEW | 22160K105 | 13,567 | $12.6M | 0.04% |
| 112 | FIREFLY AEROSPACE INC | FLY | 425,702 | $12.5M | 0.04% |
| 113 | UNITEDHEALTH GROUP INC | UNH | 35,300 | $12.2M | 0.04% |
| 114 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 72,058 | $12.1M | 0.04% |
| 115 | HUDBAY MINERALS INC | HBM | 800,528 | $12.1M | 0.04% |
| 116 | CINTAS CORP | CTAS | 59,120 | $12.1M | 0.04% |
| 117 | APOLLO GLOBAL MGMT INC | 03769M106 | 76,938 | $10.3M | 0.04% |
| 118 | ERO COPPER CORP | ERO | 473,660 | $9.6M | 0.03% |
| 119 | PALO ALTO NETWORKS INC | PANW | 35,410 | $7.2M | 0.02% |
| 120 | AUTOMATIC DATA PROCESSING IN | ADP | 21,605 | $6.3M | 0.02% |
| 121 | FERRARI N V | RACE | 11,223 | $5.4M | 0.02% |
| 122 | PAGAYA TECHNOLOGIES LTD | PGYWW | 144,068 | $4.3M | 0.01% |
| 123 | VNET GROUP INC | VNET | 298,800 | $3.1M | 0.01% |
| 124 | KEURIG DR PEPPER INC | KDP | 99,805 | $2.5M | 0.01% |
| 125 | SAMSARA INC | IOT | 56,930 | $2.1M | 0.01% |
| 126 | SERVICETITAN INC | TTAN | 12,937 | $1.3M | 0.00% |
| 127 | GITLAB INC | GTLB | 21,494 | $968,950 | 0.00% |
| 128 | BOLT PROJS HLDGS INC | 09769B206 | 123,593 | $467,182 | 0.00% |
| 129 | PONY AI INC | PYAIF | 14,510 | $326,330 | 0.00% |