Temasek boosts Amazon stake, exits Starbucks and Salesforce

Aug. 15, 2022 2:39 PM ETMarqeta, Inc. (MQ), POSH, KDP, ORTX, NU, HOOD, CRM, SI, SBUX, VIRT, AMZNBy: Liz Kiesche, SA News Editor4 Comments

Skyscrapers in the financial district of Singapore

Prakich/iStock Editorial via Getty Images

  • Temasek boosted its holdings in ecommerce and cloud services giant Amazon (NASDAQ:AMZN) and exited its stakes in coffee purveyor Starbucks (NASDAQ:SBUX) and Salesforce (NYSE:CRM) during Q2, according to the firm's 13F filing.
  • The investment fund increased its stakes in Amazon (AMZN) to 3.15M shares at June 30, 2022 from ~172K shares at March 31, in digital credit card platform Marqeta (NASDAQ:MQ) to 639K shares from 320K shares, in Orchard Therapeutics (NASDAQ:ORTX) to 4.32M shares from 1.00M shares, and in Robinhood Markets (NASDAQ:HOOD) to 91.5K from 10K.
  • It took new stakes in Nu Holdings (NYSE:NU) at 1.44M shares and in Silvergate Capital (NYSE:SI) with a 97,922 shares.
  • It reduced its holding in Keurig Dr Pepper (NASDAQ:KDP) to 99.8K shares from 6.88M shares, Poshmark (NASDAQ:POSH) to 3.57M shares from 5.79M shares and in Virtu Financial (NASDAQ:VIRT) to 3.69M shares from 6.38M shares.
  • In November 2021, Temasek put the brakes on new Chinese tech investments

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