Before the stock price of technology giants in the USA fell in July, Singapore's sovereign investment company, Temasek, bought billions of dollars worth of stocks from these companies during the second quarter.

According to the disclosure of the US Securities and Exchange Commission (SEC), Temasek submitted a second quarter holding report (Form 13f) until June 30, 2024.

The latest data shows that Temasek's total market value of holdings in the second quarter was US$21.5 billion, an increase of 17.95% compared to the previous quarter's total market value of US$18.1 billion. Temasek added 19 individual stocks to its second quarter holdings and increased its holdings in 32 individual stocks. At the same time, Temasek also reduced its holdings in 6 individual stocks and cleared its holdings in 30 individual stocks. Among them, the top ten holdings account for 60.47% of the total market value.

It is worth noting that Temasek increased its holdings in 11 large technology stocks, totaling $3.3 billion. A large part of this - about $3.2 billion - is concentrated in six companies: $Microsoft (MSFT.US)$and$Apple (AAPL.US)$N/A.$NVIDIA (NVDA.US)$and$Alphabet-A (GOOGL.US)$N/A.$Meta Platforms (META.US)$And.$Amazon (AMZN.US)$.

However, due to concerns about the rise of artificial intelligence-related trends and economic downturn, most of the technology stocks bought by Temasek fell at the end of July. Since the end of June, Google and Amazon's stock prices have fallen by about 12%, while Microsoft's stock price has fallen by about 7% during the same period.

Many of the technology stocks held by Temasek have started to rebound this week, and it is currently unclear about the company's investment situation since June 30. The company may have profited and fled, or may have sold before the major decline, or may have added positions on any dips. But this multi-billion dollar purchase highlights Temasek's determination to increase its investment in the United States: Temasek said last month that the United States will become the largest destination for its capital, and plans to invest 30 billion U.S. dollars in the next five years.

In terms of other data, as of the second quarter, Temasek's top five weighted stocks are: $Blackrock (BLK.US)$ Ranked first, holding approximately 5.13 million shares, holding market value of approximately $4.04 billion, accounting for 18.77% of the investment portfolio, an increase of 0.35% from the previous quarter.

$Visa (V.US)$Ranked second, holding approximately 6.08 million shares, holding market value of approximately $1.6 billion, accounting for 7.42% of the investment portfolio, an increase of 11.16% from the previous quarter.

$MasterCard (MA.US)$Ranked third, holding approximately 2.74 million shares, holding market value of approximately $1.21 billion, accounting for 5.62% of the investment portfolio, an increase of 36.43% from the previous quarter.

$NVIDIA (NVDA.US)$ Ranked fourth, holding approximately 9.7 million shares, holding market value of approximately $1.2 billion, accounting for 5.56% of the investment portfolio, a significant increase of 87.96% from the previous quarter.

$Amazon (AMZN.US)$ Ranked fifth, holding approximately 5.72 million shares, holding market value of approximately $1.11 billion, accounting for 5.13% of the investment portfolio, an increase of 66.04% from the previous quarter.

The top five selling targets are:$BioNTech (BNTX.US)$,$iShares Russell 2000 ETF (IWM.US)$,$ICICI Bank (IBN.US)$,$Pacer Us Small Cap Cash Cows 100 Etf (CALF.US)$And.$iShares MSCI Brazil ETF (EWZ.US)$.

Editor/Lambor