On the eve of the US stock market's sharp decline, Temasek made a bold move of over $30 billion to bet on technology stocks
In the second quarter, Temasek increased its holdings in 11 large US technology companies by $3.3 billion, with approximately $3.2 billion flowing into tech "Big Six" such as Microsoft
On the eve of the current round of correction in the US stock market, Temasek Holdings invested over $3 billion in tech giants such as Microsoft and Apple.
On Thursday, according to the 13F filing disclosed by Singapore's Temasek Holdings, in the second quarter ending June 30 this year, Temasek increased the holdings value of 11 large US tech companies by $3.3 billion. Approximately $3.2 billion flowed into the tech "Big Six": Microsoft, Apple, Nvidia, Alphabet, Meta, and Amazon.
Riding the wave of AI boom, US tech stocks have been soaring, but over the past two months, concerns about massive capital expenditures in artificial intelligence and escalating worries about economic recession have led to a drop of around 12% in the stock prices of Alphabet and Amazon since the end of June, and Microsoft's stock price has also fallen by about 7%.
Many of the tech stocks held by Temasek have started to rebound this week, and it is currently unclear about the specific investment trends of the institution since June 30. Temasek may sell stocks at a profit before the stock price falls based on their purchase prices, or further increase holdings when the stock price drops.
As of March 31, Temasek's investment portfolio size was SGD 389 billion (approximately USD 295 billion), with the second quarter's increased holdings value accounting for about 1% of its total investments. This multibillion-dollar buying spree highlights Temasek's determination to strengthen its investments in US stocks. The institution stated last month that it plans to invest $30 billion in the US over the next five years