Temasek Holdings Started to Lower Positions in U.S. Credit Card Companies in Fourth Quarter of 2022

Posted on 02/10/2023

Singapore’s Temasek Holdings grew small positions in Chinese listed stocks in the fourth quarter of 2022. Temasek sold off large positions in its U.S. portfolio, according to U.S. SEC filing data for the quarterly period of 2022.

Temasek sold off a 36% position in Thermo Fisher Scientific Inc. SWFI estimates the position was sold for around US$ -286,945,278 based on an implied price of US$ 507.19 for the fourth quarter. Thermo Fisher Scientific is a U.S. supplier of scientific instrumentation, reagents and consumables, and software services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006.

Consumer Spending Pullback
Temasek also sold off large positions in Mastercard Inc, S&P Global Inc, and Roblox Corp. Temasek sold off around 34% of its position in Schwab U.S. TIPS ETF for an estimated amount of US$ -177,746,520. Temasek slightly lowered its ownership in Visa Inc. during the period.

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