Singapore-based GIC Private Limited and two affiliated entities filed an amended Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership positions in Medline Inc.'s Class A Common Stock as of September 30, 2026.

Key Highlights

  • GIC Private Limited's aggregate stake: 114,357,929 shares of Medline Inc. Class A Common Stock, representing 13.03% of the class.
  • GIC Special Investments Private Limited and Hux Investment Pte. Ltd.: Each reported beneficial ownership of 91,555,447 shares, or 10.44% of the class.
  • Sole voting and dispositive power for GIC: 13,120,618 shares, with shared voting and dispositive power over an additional 101,237,311 shares.
  • Share base used for percentages: 877,351,218 shares of Class A Common Stock outstanding, as reported in Medline Inc.'s quarterly report filed August 5, 2026.
  • GIC's client structure: The filing states GIC is a fund manager with only two clients, the Government of Singapore and the Monetary Authority of Singapore.
  • Triggering event date: September 30, 2026, designated as the date of the event requiring this filing.

GIC and Affiliates Report Large Ownership Positions in Medline's Healthcare Supply Business

According to the filing, GIC Private Limited, incorporated in Singapore and wholly owned by the Government of Singapore, holds an aggregate of 114,357,929 shares of Medline Inc. (CUSIP: 58507V107) Class A Common Stock, par value $0.0001 per share. Medline Inc., headquartered at 3 Lakes Drive, Northfield, Illinois 60093, is a healthcare products company. GIC reported sole voting and sole dispositive power over 13,120,618 of those shares, while shared voting and dispositive power covers the remaining 101,237,311 shares.

The filing further discloses that GIC Special Investments Private Limited, described as the private equity investment arm of GIC and wholly owned by GIC, and Hux Investment Pte. Ltd., each reported shared voting and shared dispositive power over 91,555,447 shares, representing 10.44% of the class for each entity. According to the filing, Hux holds those shares directly and shares voting and dispositive power over them with GIC Special Investments Private Limited and GIC. The filing notes that "the Government of Singapore disclaims beneficial ownership of these shares."

The filing also states that GIC "has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of" the Government of Singapore, while GIC shares voting and dispositive power over 9,681,864 shares beneficially owned by it with the Monetary Authority of Singapore. All three reporting entities are organized under the laws of the Republic of Singapore and list the same principal address at 168 Robinson Road, #37-01 Capital Tower, Singapore 068912.

What Was Disclosed

Three Singapore-based entities affiliated with GIC filed an amended Schedule 13G reporting beneficial ownership in Medline Inc. Class A Common Stock as of September 30, 2026. GIC Private Limited disclosed the largest aggregate position at 114,357,929 shares, equal to 13.03% of the outstanding class.