Temasek adds stakes in Robinhood, other consumer-focused companies
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[NEW YORK] Singapore state investor Temasek Holdings added new positions in a number of consumer-focused companies during the quarter that ended Dec 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 (Feb 14).
The fund, which had a value of US$278.8 billion as of March, also added a position in restaurant payment company Toast and sports betting company Draft Kings.
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
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