1y return+0.0%S&P 500 +20.9%
3y return+33.8%S&P 500 +68.5%
5y return−14.0%S&P 500 +74.5%
10y return+103.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $203 against $357 in the S&P 500.2
Temasek Holdings (Private) LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BLKBlackrock Inc | $5.0B | 13.7% | −2.5% |
| GOOGLAlphabet Inc | $2.5B | 6.9% | +50.5% |
| VVisa Inc | $2.3B | 6.2% | −1.1% |
| NVDANvidia Corporation | $1.7B | 4.6% | −5.6% |
| SPCXSpace Exploration Techn Corp | $1.7B | 4.6% | New |
| MAMastercard Incorporated | $1.7B | 4.6% | +1.1% |
| AVGOBroadcom Inc | $1.4B | 3.9% | +5.7% |
| AMZNAmazon Com Inc | $1.1B | 3.0% | +1.9% |
| MSFTMicrosoft Corp | $985.7M | 2.7% | |
| IBNIcici Bank Limited | $847.6M | 2.3% | |
| GOOGAlphabet Inc | $706.7M | 1.9% | New |
| DASHDoordash Inc | $638.8M | 1.7% | |
| SPGIS&p Global Inc | $613.7M | 1.7% | +7.9% |
| TMOThermo Fisher Scientific Inc | $583.4M | 1.6% | −2.7% |
| GEVGe Vernova Inc | $560.7M | 1.5% | −11.3% |
| SESea Ltd | $550.5M | 1.5% | +8.7% |
| INTAIntapp Inc | $432.3M | 1.2% | |
| RBLXRoblox Corp | $423.0M | 1.2% | |
| TPGTpg Inc | $412.1M | 1.1% | +1.3% |
| HDBHdfc Bank Ltd | $395.3M | 1.1% | +21.9% |
| Ermenegildo Zegna N VCUSIP N30577105 | $354.7M | 1.0% | |
| TECKTeck Resources Ltd | $337.9M | 0.9% | |
| KKRKkr & Co Inc | $336.8M | 0.9% | +4.2% |
| LRCXLam Research Corp | $327.2M | 0.9% | |
| ABNBAirbnb Inc | $318.0M | 0.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | March 31, 2022 | +633.3% | $1.7B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $560.7M |
| AVGOBroadcom Inc | September 30, 2023 | +354.8% | $1.4B |
| IBNIcici Bank Limited | June 30, 2020 | +212.5% | $847.6M |
| GEGe Aerospace | December 31, 2023 | +192.8% | $226.1M |
| GOOGLAlphabet Inc | September 30, 2023 | +173.1% | $2.5B |
| FIXComfort Sys Usa Inc | December 31, 2025 | +112.4% | $246.6M |
| LRCXLam Research Corp | March 31, 2026 | +102.8% | $327.2M |
| VVisa Inc | June 30, 2020 | +77.6% | $2.3B |
| MAMastercard Incorporated | June 30, 2020 | +73.7% | $1.7B |
Sold off last quarter
- CRMSalesforce Inc was $151.2M
- WDAYWorkday Inc was $115.5M
- Onestream IncCUSIP 68278B107 was $102.4M
- NEENextera Energy Inc was $42.6M
- EWZIshares Inc was $41.3M
- INTUIntuit was $36.8M
- NOWServicenow Inc was $35.8M
- PAYOPayoneer Global Inc was $32.5M
- NKENike Inc was $24.9M
- XPEVXpeng Inc was $20.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.7% | +14.8% |
| March 31, 2026 | −13.0% | −4.6% |
| December 31, 2025 | −1.7% | +2.4% |
| September 30, 2025 | +7.6% | +7.8% |
| June 30, 2025 | +12.5% | +10.5% |
| March 31, 2025 | −4.5% | −4.6% |
| December 31, 2024 | +7.4% | +2.1% |
| September 30, 2024 | +12.9% | +5.4% |
| June 30, 2024 | −1.9% | +4.0% |
| March 31, 2024 | +3.4% | +10.0% |
| December 31, 2023 | +7.2% | +11.2% |
| September 30, 2023 | −5.5% | −3.6% |
| June 30, 2023 | +1.0% | +8.3% |
| March 31, 2023 | +5.2% | +7.0% |
| December 31, 2022 | +7.3% | +7.1% |
| September 30, 2022 | −5.1% | −5.3% |
| June 30, 2022 | −20.5% | −16.5% |
| March 31, 2022 | −16.5% | −4.9% |
| December 31, 2021 | −5.8% | +10.7% |
| September 30, 2021 | −5.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Temasek Holdings (Private) Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1021944&type=13F-HR&dateb=&owner=include&count=40CIK 1021944
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1021944/000102194426000013/Filed August 7, 2026 · accession 0001021944-26-000013