# EDGAR Filing Document

**Accession Number:** 0001021944
**File Stem:** 0001104659-25-077958
**Filing Date:** 2025-8
**Character Count:** 18183
**Document Hash:** 4df1c67af3a6b656b853df2b662270eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-077958.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001104659-25-077958

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Temasek Holdings (Private) Ltd
- **CENTRAL INDEX KEY:** 0001021944

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** U0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13088
- **FILM NUMBER:** 251214056

**BUSINESS ADDRESS:**
- **STREET 1:** 60B ORCHARD ROAD #06-18
- **STREET 2:** THE ATRIUM@ORCHARD
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 238891
- **BUSINESS PHONE:** 65 6828 6828

**MAIL ADDRESS:**
- **STREET 1:** 60B ORCHARD ROAD #06-18
- **STREET 2:** THE ATRIUM@ORCHARD
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 238891

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMASEK HOLDINGS (PRIVATE) LTD
- **DATE OF NAME CHANGE:** 20050912

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMASEK HOLDINGS LTD
- **DATE OF NAME CHANGE:** 19960829

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Temasek Holdings (Private) Ltd<br>**Address:** 60B Orchard Road #06-18<br>The Atrium@Orchard<br>Singapore, U0 238891

**Form 13F File Number:** 028-13088

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jason Norman Lee<br>**Title:** Authorised Signatory<br>**Phone:** 65-6828-6358

**Signature, Place, and Date of Signing:**

/s/ Jason Norman Lee  Singapore, U0  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 30

**Form 13F Information Table Entry Total:** 131

**Form 13F Information Table Value Total:** $26156322215

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                                     | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD | 028-14097              |  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 7883838 | 42473 | SH |  | DFND | 1 3 5 | 42473 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 304714306 | 2302511 | SH |  | DFND | 1 3 5 17 19 21 29 30 | 2302511 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 28867980 | 978244 | SH |  | DFND | 1 3 5 | 978244 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 209894011 | 1850754 | SH |  | DFND | 1 3 5 7 14 | 1850754 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 605943065 | 3438365 | SH |  | DFND | 1 3 5 25 26 29 30 | 3438365 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 960413731 | 4377655 | SH |  | DFND | 1 3 4 5 25 26 30 | 4377655 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 12592986 | 57400 | SH | Put | DFND | 1 3 5 | 57400 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 9487900 | 96080 | SH |  | DFND | 1 3 5 | 96080 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 143730612 | 700544 | SH |  | DFND | 1 3 5 | 700544 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 4056077 | 13152 | SH |  | DFND | 1 3 5 | 13152 | 0 | 0 |
| BEONE MEDICINES LTD | SPONSORED ADS | 07725L102 |  | 244603263 | 1010465 | SH |  | DFND | 1 3 5 7 9 10 14 | 1010465 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 42550272 | 919807 | SH |  | DFND | 6 7 14 24 | 919807 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 160346694 | 1506027 | SH |  | DFND | 10 14 15 16 21 | 1506027 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 5343646631 | 5092825 | SH |  | DFND | 1 3 5 20 21 | 5092825 | 0 | 0 |
| BLAIZE HLDGS INC | COM | 092915107 |  | 18932009 | 6353023 | SH |  | DFND | 18 19 21 | 6353023 | 0 | 0 |
| BOLT PROJS HLDGS INC | COM NEW | 09769B206 |  | 348532 | 123593 | SH |  | DFND | 18 19 21 | 123593 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 8730174 | 1508 | SH |  | DFND | 1 3 5 | 1508 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 116583995 | 1085411 | SH |  | DFND | 1 3 5 25 26 30 | 1085411 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 865830708 | 3141051 | SH |  | DFND | 1 3 5 | 3141051 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 110260000 | 400000 | SH | Put | DFND | 1 3 5 | 400000 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 33844115 | 109830 | SH |  | DFND | 1 3 5 | 109830 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 114133895 | 1537571 | SH |  | DFND | 1 3 5 | 1537571 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 17655154 | 63880 | SH |  | DFND | 1 3 5 | 63880 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 23008698 | 409772 | SH |  | DFND | 1 3 5 | 409772 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 8113582 | 36405 | SH |  | DFND | 1 3 5 | 36405 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 809159 | 2507 | SH |  | DFND | 1 3 5 | 2507 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 76289529 | 942195 | SH |  | DFND | 1 3 5 | 942195 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 8119488 | 8202 | SH |  | DFND | 1 3 5 | 8202 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 21709646 | 109900 | SH |  | DFND | 1 3 5 | 109900 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 38458679 | 286300 | SH |  | DFND | 1 3 5 | 286300 | 0 | 0 |
| DENALI THERAPEUTICS INC | COM | 24823R105 |  | 74928090 | 5355832 | SH |  | DFND | 8 9 10 14 | 5355832 | 0 | 0 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 91154504 | 896779 | SH |  | DFND | 1 3 5 25 26 30 | 896779 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 764712969 | 3102158 | SH |  | DFND | 1 3 5 17 19 21 | 3102158 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 48783004 | 883590 | SH |  | DFND | 1 3 5 | 883590 | 0 | 0 |
| E2OPEN PARENT HOLDINGS INC | COM CL A | 29788T103 |  | 94471528 | 29248151 | SH |  | DFND | 1 3 5 | 29248151 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 77593204 | 217354 | SH |  | DFND | 1 3 5 | 217354 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 48114903 | 570555 | SH |  | DFND | 1 3 5 | 570555 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 85172227 | 109261 | SH |  | DFND | 1 3 5 | 109261 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 10081072 | 18847 | SH |  | DFND | 1 3 5 | 18847 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 753581 | 5652 | SH |  | DFND | 1 3 5 | 5652 | 0 | 0 |
| ERMENEGILDO ZEGNA N V | ORD SHS | N30577105 |  | 108584838 | 12699981 | SH |  | DFND | 1 3 5 6 7 14 | 12699981 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 10693179 | 634610 | SH |  | DFND | 1 3 5 | 634610 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 5657741 | 11529 | SH |  | DFND | 1 3 5 | 11529 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 7315544 | 44192 | SH |  | DFND | 1 3 5 | 44192 | 0 | 0 |
| FLYWIRE CORPORATION | COM VTG | 302492103 |  | 101613272 | 8684895 | SH |  | DFND | 6 7 14 | 8684895 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 36099886 | 832754 | SH |  | DFND | 1 3 5 | 832754 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 248487253 | 469597 | SH |  | DFND | 1 3 5 | 469597 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 47623500 | 90000 | SH | Put | DFND | 1 3 5 | 90000 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 9421356 | 65787 | SH |  | DFND | 1 3 5 | 65787 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 97325851 | 378126 | SH |  | DFND | 1 3 5 | 378126 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 83558973 | 2491323 | SH |  | DFND | 2 3 5 23 24 | 2491323 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 54334808 | 1044097 | SH |  | DFND | 8 10 14 | 1044097 | 0 | 0 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 211684883 | 6240710 | SH |  | DFND | 1 3 5 7 14 | 6240710 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 682030406 | 8895662 | SH |  | DFND | 1 3 4 5 15 16 21 | 8895662 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 20931493 | 1972808 | SH |  | DFND | 1 3 5 | 1972808 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 911112354 | 27084196 | SH |  | DFND | 1 3 4 5 12 14 15 16 21 | 27084196 | 0 | 0 |
| INTAPP INC | COM | 45827U109 |  | 885118074 | 17146805 | SH |  | DFND | 1 3 5 18 19 21 | 17146805 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 8264406 | 45045 | SH |  | DFND | 1 3 5 | 45045 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 142054584 | 180357 | SH |  | DFND | 1 3 5 | 180357 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 23865189 | 30300 | SH | Put | DFND | 1 3 5 | 30300 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 29984125 | 538508 | SH |  | DFND | 1 3 5 | 538508 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 52858792 | 736400 | SH |  | DFND | 1 3 5 | 736400 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 19233316 | 589256 | SH |  | DFND | 2 3 5 | 589256 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 14457812 | 49870 | SH |  | DFND | 1 3 5 | 49870 | 0 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 40787128 | 2286274 | SH |  | DFND | 1 3 5 | 2286274 | 0 | 0 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 21855538 | 1231992 | SH |  | DFND | 1 3 5 | 1231992 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 3299553 | 99805 | SH |  | DFND | 24 | 99805 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 20103893 | 151123 | SH |  | DFND | 1 3 5 | 151123 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 112382414 | 3273592 | SH |  | DFND | 1 3 5 | 3273592 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 76174188 | 162356 | SH |  | DFND | 1 3 5 | 162356 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 31343356 | 143356 | SH |  | DFND | 1 3 5 | 143356 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 89537404 | 1156814 | SH |  | DFND | 1 2 3 5 | 1156814 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 12098485 | 70988 | SH |  | DFND | 1 3 5 | 70988 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1548751033 | 2756079 | SH |  | DFND | 1 3 5 6 7 13 14 27 28 30 | 2756079 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 105159373 | 142475 | SH |  | DFND | 1 3 5 | 142475 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 25666196 | 208245 | SH |  | DFND | 2 3 5 | 208245 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 995425846 | 2001218 | SH |  | DFND | 1 2 3 5 25 26 29 30 | 2001218 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 53670539 | 107900 | SH | Call | DFND | 1 3 5 | 107900 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 7941812 | 126785 | SH |  | DFND | 1 3 5 | 126785 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 226109187 | 392047 | SH |  | DFND | 1 3 5 29 30 | 392047 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 16206394 | 28100 | SH | Put | DFND | 1 3 5 | 28100 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 49266374 | 366075 | SH |  | DFND | 1 3 5 | 366075 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 42031273 | 31387 | SH |  | DFND | 1 3 5 | 31387 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 10529761 | 143751 | SH |  | DFND | 1 3 5 | 143751 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1237507707 | 7832823 | SH |  | DFND | 1 2 3 5 29 30 | 7832823 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 17110317 | 108300 | SH | Call | DFND | 1 3 5 | 108300 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 26842501 | 169900 | SH | Put | DFND | 1 3 5 | 169900 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 83664988 | 2956360 | SH |  | DFND | 1 3 5 29 30 | 2956360 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 468398 | 878794 | SH |  | DFND | 24 | 878794 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 69809652 | 319305 | SH |  | DFND | 1 3 5 | 319305 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 4183046 | 20441 | SH |  | DFND | 1 3 5 | 20441 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 94177752 | 13748577 | SH |  | DFND | 22 24 | 13748577 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 151961505 | 1451954 | SH |  | DFND | 1 2 3 5 7 14 | 1451954 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 35542659 | 269181 | SH |  | DFND | 1 3 5 | 269181 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 12626616 | 520900 | SH |  | DFND | 1 3 5 | 520900 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 117057338 | 438647 | SH |  | DFND | 1 3 5 27 28 30 | 438647 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 9137437 | 24168 | SH |  | DFND | 1 3 5 | 24168 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 1125163549 | 10695471 | SH |  | DFND | 18 19 21 24 25 26 30 | 10695471 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 442609335 | 839404 | SH |  | DFND | 1 3 5 20 21 | 839404 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 12754529 | 46773 | SH |  | DFND | 1 3 5 | 46773 | 0 | 0 |
| SAMSARA INC | COM CL A | 79589L106 |  | 2950522 | 74171 | SH |  | DFND | 24 | 74171 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 37618800 | 1410000 | SH |  | DFND | 1 3 5 | 1410000 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 395887647 | 2475226 | SH |  | DFND | 1 3 4 5 | 2475226 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 92686553 | 90155 | SH |  | DFND | 1 2 3 5 | 90155 | 0 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 6611398 | 61685 | SH |  | DFND | 22 24 | 61685 | 0 | 0 |
| SES AI CORPORATION | CL A COM | 78397Q109 |  | 24933976 | 28069319 | SH |  | DFND | 1 3 5 18 19 21 | 28069319 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 40762167 | 182161 | SH |  | DFND | 1 3 5 | 182161 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 38424164 | 379798 | SH |  | DFND | 1 3 5 | 379798 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 23227993 | 45307 | SH |  | DFND | 1 3 5 | 45307 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 9928923 | 34147 | SH |  | DFND | 1 3 5 | 34147 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 144050764 | 3567379 | SH |  | DFND | 1 3 5 | 3567379 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 11102217 | 34950 | SH |  | DFND | 1 3 5 | 34950 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 463638239 | 1143487 | SH |  | DFND | 1 3 5 9 10 11 12 14 | 1143487 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 482678153 | 9202634 | SH |  | DFND | 1 3 5 9 10 14 27 28 30 | 9202634 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 20980000 | 400000 | SH | Put | DFND | 1 3 5 | 400000 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 845951 | 1934 | SH |  | DFND | 1 3 5 | 1934 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 55934879 | 953869 | SH |  | DFND | 7 14 | 953869 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 43492298 | 349729 | SH |  | DFND | 1 3 5 | 349729 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 5041659 | 208333 | SH |  | DFND | 1 3 5 | 208333 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 27900925 | 217280 | SH |  | DFND | 1 3 5 | 217280 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 27890652 | 217200 | SH | Call | DFND | 1 3 5 | 217200 | 0 | 0 |
| VIPSHOP HLDGS LTD | SPONSORED ADS A | 92763W103 |  | 11727412 | 779230 | SH |  | DFND | 1 3 5 | 779230 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2098739960 | 5911111 | SH |  | DFND | 1 3 5 6 7 13 14 | 5911111 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 11681145 | 32900 | SH | Put | DFND | 1 3 5 | 32900 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 9863572 | 50893 | SH |  | DFND | 1 3 5 | 50893 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 24998630 | 255662 | SH |  | DFND | 1 3 5 | 255662 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 87004151 | 1085923 | SH |  | DFND | 1 3 5 | 1085923 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 4289520 | 17873 | SH |  | DFND | 1 3 5 | 17873 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 21358339 | 1194538 | SH |  | DFND | 1 3 5 | 1194538 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 166404271 | 3721858 | SH |  | DFND | 1 3 5 7 14 17 19 21 | 3721858 | 0 | 0 |
| ZTO EXPRESS CAYMAN INC | SPONSORED ADS A | 98980A105 |  | 185074813 | 10426750 | SH |  | DFND | 1 3 5 | 10426750 | 0 | 0 |

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