Temasek Adds Stakes in Robinhood, Other Consumer-Focused Firms

Singapore state investor Temasek Holdings added new positions in a number of consumer-focused companies during the quarter that ended December 31, including ride-hailing and food delivery company Grab Holdings, brokerage firm Robinhood Markets and fashion company Rent the Runway, according to securities filings released Monday.

The fund, which had a value of $278.81 billion as of March, also added a position in restaurant payment company Toast and sports betting company DraftKings.

At the same time, the fund sold all its shares in Uber Technologies, Coinbase Global and Tencent Music Entertainment Group.

The fund is working with its portfolio companies to help them become more green as it focuses more on sustainability, the firm’s chief sustainability officer said at the Reuters Next conference in December.

Reuters with additional editing by Jim Pollard

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.