12 m below the surface

The Glass Pool

Thirty years of stakes GIC was legally required to disclose

GIC files no 13F — the quarterly holdings report most large US investors must submit — so its ordinary portfolio is invisible. But a stake crossing 5% of a US-listed company compels a Schedule 13D or 13G, and an insider role compels Forms 3 and 4. This is every such filing since 1996: 565 documents, 141 companies, parsed from the primary text. Each row opens onto the SEC document itself.

Read this before reading the table

This is not a portfolio. Positions under 5% — almost certainly the great majority of GIC's public equities — never appear here, by law. A company's most recent figure may be years old if GIC simply stopped having to file. Every row means the last time GIC was required to speak, not what GIC holds today. A percentage below 5% in a final amendment usually marks an exit from the disclosure regime, not necessarily an exit from the stock.

Filter 141 companies

Company	Last %	Last shares	First	Latest	Filings

37 companies whose latest reported stake still stood at or above the 5% line · click any row for its full filing timeline · sorted by latest filing. Parsed 2026-09-06 from SEC EDGAR. Header SUBJECT COMPANY + per-form extraction (XML schedules exact; legacy text via labelled-item regex). Unparsed filings are listed with nulls, never estimated.

What kind of company surfaces here

The pool is not a cross-section of GIC's portfolio — it is a census of where GIC's stakes are large enough, relative to the company, to cross 5%. That selects for a type: software & internet services leads with 28 of 141 companies, and the profile skews toward growth sectors where a cheque that is small for GIC is large for the company.

Sector, from the SIC code EDGAR records	Companies
Software & internet services	28
Finance & insurance	17
Pharma & life sciences	14
Business services	14
Retail & consumer	13

Keyword groupings of each issuer's SIC industry text; the full mapping is in scripts/derive-insights.mjs. 18 companies fall outside these buckets.

How long a stake stays visible

The median company is visible for 15 months — first filing to last. A quarter are gone within 6 months; a quarter persist past 2.5 years; 16 appear exactly once and never again. The record is Globant S.A., in view for 10.8 years (2015-10-13 → 2026-08-13).

Visibility, not holding period: a stake exists before it crosses 5% and can persist below it after. These durations measure how long GIC stayed inside the disclosure regime for each name.

How visibility ends, and what the forms say

Of the 141 companies, 104 exited through the front door — a final amendment declaring the stake below 5% — while 37 simply stopped filing, still above the line at last report. And the paperwork is overwhelmingly passive: 125 of 141 used only Schedule 13G (no control intent) throughout; 13 ever filed the activist-flavoured 13D. GIC in the US public markets, as the record shows it, is a large, quiet, minority shareholder.