-- Singaporean state-owned investor Temasek Holdings Pte. spent billions of dollars in the second quarter buying shares in US technology giants, just before the sector dropped in July.Temasek increased the value of its holdings in 11 big tech firms by $3.3 billion in the three months ended June 30, according to an analysis of its two most recent 13F filings. The vast bulk of the increase — some $3.2 billion — went into six of those firms: Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc.
Many of the tech shares held by Temasek have started to recover this week and it’s unclear how it invested since June 30. The firm may have made gains depending on its purchase price, sold right before the fall or even snapped up more as they declined in an effort to buy the dip. With a net portfolio value of S$389 billion as of March 31, the purchases would’ve represented around 1% of its total holdings.
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ABC15 first broadcast a story on this topic on July 23, 2024, but the station has identified another shooting cited in the DOJ’s report and located corresponding video of the incident.City officials are warning that without a plan to address next year's financial shortfalls, Edmonton's 2025 property tax increase could be almost double the hike already on the books.
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