SCHEDULE 13G/A: Temasek Holdings and Subsidiaries Disclose Passive Stake in BILL Holdings, Inc. via Amended SEC Filing

Temasek Holdings (Private) Limited and its subsidiaries, Fullerton Management Pte Ltd, Hotham Investments Pte. Ltd., and Ossa Investments Pte. Ltd., have filed an amended Schedule 13G disclosing their passive beneficial ownership in BILL Holdings, Inc. as of December 31, 2024.

Summary

• Temasek Holdings (Private) Limited, along with its wholly-owned subsidiaries Fullerton Management Pte Ltd, Hotham Investments Pte. Ltd., and Ossa Investments Pte. Ltd., filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership of BILL Holdings, Inc. common stock.
• As of December 31, 2024, Temasek Holdings beneficially owned an aggregate of 2,727,304 shares, representing 2.6% of BILL Holdings, Inc.'s common stock.
• Fullerton Management Pte Ltd, Hotham Investments Pte. Ltd., and Ossa Investments Pte. Ltd. each beneficially owned 2,539,797 shares, representing 2.4% of the common stock.
• The ownership percentages are based on 103,496,676 shares of BILL Holdings, Inc. common stock outstanding as of November 1, 2024, as reported in the Issuer's quarterly report on Form 10-Q.
• All reporting persons are based in Singapore and hold shared voting and dispositive power over their respective reported shares, with no sole voting or dispositive power.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or prospects. It is a routine regulatory filing.

Positives

• The continued disclosure of a stake by a major global investment company like Temasek Holdings indicates ongoing interest in BILL Holdings, Inc.

Negatives

• The document does not inherently contain negative financial or operational information, as it is a beneficial ownership disclosure.

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates a passive investment by a prominent global investment company, Temasek Holdings, in BILL Holdings, Inc., a company operating in the financial technology sector. Such filings provide transparency into significant institutional ownership, which can be a signal of long-term investor confidence, although the passive nature (under 5% and not seeking control) suggests it's a portfolio investment rather than a strategic move to influence company operations.

Related Party Transactions

• The filing details a hierarchical ownership structure where Ossa Investments Pte. Ltd. is a wholly-owned subsidiary of Hotham Investments Pte. Ltd., which is a wholly-owned subsidiary of Fullerton Management Pte Ltd, which in turn is a wholly-owned subsidiary of Temasek Holdings (Private) Limited. This establishes a clear related-party relationship among the reporting entities regarding their beneficial ownership of BILL Holdings, Inc. shares.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence investor perception and potentially liquidity.
• Management: Awareness of a large, passive institutional investor on their shareholder register.

Key Dates

Keywords

BILL Holdings Inc., Temasek Holdings, Fullerton Management, Hotham Investments, Ossa Investments, SEC Filing, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Investor