Temasek, Singapore’s state-owned investment powerhouse, just posted a net portfolio value of S$518 billion, roughly $400 billion. That’s a record. And the firm is using that momentum to place one of the largest institutional bets on artificial intelligence we’ve seen yet.
The plan: take AI exposure from 6% of the portfolio to 15% by 2031. In dollar terms, that’s potentially tens of billions flowing into a sector that’s already swimming in capital. For context, 15% of a $400 billion portfolio is $60 billion, which would make Temasek one of the most AI-heavy sovereign investors on the planet.
The numbers behind the record
For the fiscal year ending March 31, 2026, Temasek delivered a one-year total shareholder return of 10.5% in Singapore dollars. In US dollar terms, that’s 14.8%.
This marks the second consecutive year of record portfolio value. The firm invested S$51 billion during the period while divesting S$31 billion, netting out to S$20 billion in fresh capital deployment, aided by gains from existing Singapore holdings and strategic exits.
