Temasek in US Markets: Concentrated Positions, Thematic Investments, Competitive Returns

18th February, 2026
Temasek’s latest 13F filing for end-December 2025 confirms that its US-listed portfolio is being run as a high-conviction expression of a small number of long-term themes rather than a benchmark-style allocation. The reported value of US holdings increased by just under 25% y-o-y and 9% q-o-q to roughly US$32 billion;...
Temasek’s latest 13F filing for end-December 2025 confirms that its US-listed portfolio is being run as a high-conviction expression of a small number of long-term themes rather than a benchmark-style allocation. The reported value of US holdings increased by just under 25% y-o-y and 9% q-o-q to roughly US$32 billion;...

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