Singapore’s sovereign wealth fund Temasek has had its hands in so many notable deals its portfolio looks like the who-is-who of global companies came together for a dinner party. There are the cool kids - Airbnb, global payment processor Adyen, Roblox, and GoTo; tech behemoths Tencent, Alibaba, and PayPal; financial powerhouses Visa, DBS, and bigwigs from traditional sectors like Schneider Electric and Bayer. The list goes on. In short, Temasek is so big and diversified that it’s almost like nothing can shake its foundations. And indeed: even in the aftermath of a pandemic and a dire economic outlook, Temasek still saw its total portfolio value rise 6% to a record S$403 billion (US$287 billion) in the year ended March 2022. However, that was a much lower gain than the stunning 25% from the previous fiscal year. And upon closer inspection, a lot did shift within Temasek’s portfolio, and not all of it went well. That’s what Uncharted Accounts - is all about. In our succinct analysis, we try looks at the numbers behind the 6% gain. Who were the winners and losers? It’s no one’s surprise that China-based investments–of which Temasek has many–were the big losers of that year. But the winners and what they reveal about where Temasek might go next, that’s a more delicate articles on the subject