Serious Temasick Buy High Again! Spree for US Tech Stocks Just Before Crash in July!

[Pinkieslut]

Temasek spent billions on US tech stocks before July selloff​

Bloomberg
Updated Thu, 15 August 2024 at 3:08 pm SGT·2-min read

Singaporean state-owned investor Temasek increased the value of its holdings in 11 big tech firms by US$3.3 billion ($4.35 billion) in the three months ended 30 June, according to an analysis of its two most recent 13F filings. (Photo: Edwin Koo/Bloomberg)
By Jun Luo
(Bloomberg) — Singaporean state-owned investor Temasek Holdings Pte. spent billions of dollars in the second quarter buying shares in US technology giants, just before the sector dropped in July.
Temasek increased the value of its holdings in 11 big tech firms by US$3.3 billion in the three months ended 30 June, according to an analysis of its two most recent 13F filings. The vast bulk of the increase – some $3.2 billion – went into six of those firms: Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Meta Platforms Inc. and Amazon.com Inc.
By the end of July, however, most of those companies saw their stocks slide amid concern about the extent of AI-related gains and fears of a recession. Alphabet and Amazon’s share prices have fallen by about 12 per cent since the end of June, while Microsoft’s are down around 7 per cent over that period.
Many of the tech shares held by Temasek have started to recover this week and it’s unclear how it invested since June 30. The firm may have made gains depending on its purchase price, sold right before the fall or even snapped up more as they declined in an effort to buy the dip. With a net portfolio value of $389 billion (US$295 billion) as of 31 March, the purchases would’ve represented around 1 per cent of its total holdings.
The multi-billion dollar buying spree underscores Temasek’s commitment to ramping up investments in the US, which it said last month would be the largest destination for its capital with plans to invest US$30 billion over the next five years.

 

[bobby]

Sure…especially if it is not your money.

But if they ever make money…they will be the first to tell you but if lose money it is SOP.

 

[millim6868]

Lol, sinkies feed alot of cmi it in temasick, win or lose still get paid gao gao esp for foreigners ,lol

 

[syed putra]

Wealth should be shared.

 

[k1976]

Temasek spent billions on US tech stocks before July selloff​

Bloomberg
Updated Thu, 15 August 2024 at 3:08 pm SGT·2-min read

Singaporean state-owned investor Temasek increased the value of its holdings in 11 big tech firms by US$3.3 billion ($4.35 billion) in the three months ended 30 June, according to an analysis of its two most recent 13F filings. (Photo: Edwin Koo/Bloomberg)
By Jun Luo
(Bloomberg) — Singaporean state-owned investor Temasek Holdings Pte. spent billions of dollars in the second quarter buying shares in US technology giants, just before the sector dropped in July.
Temasek increased the value of its holdings in 11 big tech firms by US$3.3 billion in the three months ended 30 June, according to an analysis of its two most recent 13F filings. The vast bulk of the increase – some $3.2 billion – went into six of those firms: Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Meta Platforms Inc. and Amazon.com Inc.
By the end of July, however, most of those companies saw their stocks slide amid concern about the extent of AI-related gains and fears of a recession. Alphabet and Amazon’s share prices have fallen by about 12 per cent since the end of June, while Microsoft’s are down around 7 per cent over that period.
Many of the tech shares held by Temasek have started to recover this week and it’s unclear how it invested since June 30. The firm may have made gains depending on its purchase price, sold right before the fall or even snapped up more as they declined in an effort to buy the dip. With a net portfolio value of $389 billion (US$295 billion) as of 31 March, the purchases would’ve represented around 1 per cent of its total holdings.
The multi-billion dollar buying spree underscores Temasek’s commitment to ramping up investments in the US, which it said last month would be the largest destination for its capital with plans to invest US$30 billion over the next five years.

Anything new?
Better sleep more tonight

07-14-24 chinese calender today

 

[k1976]

Wealth should be shared.

Sure boh....human is more selfish than most animals roaming on earth

 

[k1976]

Wealth should be shared.

If shared, will be "Common Prosperity" model?

 

[mahjongking]

Sure…especially if it is not your money.

But if they ever make money…they will be the first to tell you but if lose money it is SOP.

make money into your own pocket, lose money ah kong will pay.......oldest political trick since money was invented