[SCHEDULE 13G/A] Medline Inc. Amended Passive Investment Disclosure
Medline: GIC reports 13.03% ownership in amendment
A 91,555,447-share position is reported by both Hux Investment Pte. Ltd. and GIC Special Investments Private Limited as shared voting and dispositive power.
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Medline Inc. (MDLN) is the issuer in an amended Schedule 13G reporting ownership by GIC Private Limited, GIC Special Investments Private Limited and Hux Investment Pte. Ltd. GIC reports beneficial ownership of 114,357,929 shares, or 13.03%. GIC Special Investments and Hux each report shared voting and dispositive power over 91,555,447 shares, or 10.44%; these reports refer to the same shares.
GIC reports sole voting and dispositive power over 13,120,618 shares and shared voting and dispositive power over 101,237,311 shares. The reported percentages use 877,351,218 Class A shares outstanding, as reported in Medline's Form 10-Q filed August 5, 2026. GIC Special Investments is wholly owned by GIC, and Hux's shares are held directly by Hux with voting and disposition power shared with GIC and GIC Special Investments. The Government of Singapore disclaims beneficial ownership of the shares.
Key Figures
GIC beneficial ownership:114,357,929 sharesGIC sole voting and dispositive power:13,120,618 sharesGIC shared voting and dispositive power:101,237,311 shares+3 more
6 metrics
GIC beneficial ownership114,357,929 shares13.03% of Class A Common Stock
GIC sole voting and dispositive power13,120,618 sharesReported by GIC Private Limited
GIC shared voting and dispositive power101,237,311 sharesReported by GIC Private Limited
Shared voting and dispositive power91,555,447 sharesReported by GIC Special Investments and Hux; 10.44% for each
Class A shares outstanding877,351,218 sharesDenominator cited for the reported ownership percentages; reported in Medline's Form 10-Q filed August 5, 2026
GIC Special Investments and Hux reported ownership percentage10.44% eachEach reported shared voting and dispositive power over 91,555,447 shares
Key Terms
beneficially owned, sole voting power, shared voting power, shared dispositive power
4 terms
beneficially ownedfinancial
"Amount beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"Sole Voting Power 13,120,618.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared voting powerfinancial
"Shared Voting Power 101,237,311.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 101,237,311.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Medline shares does GIC Private Limited report owning?
GIC Private Limited reports beneficial ownership of 114,357,929 Medline Class A shares, or 13.03%. It reports sole voting and dispositive power over 13,120,618 shares and shared voting and dispositive power over 101,237,311 shares.
How many Medline shares do GIC Special Investments and Hux Investment report?
GIC Special Investments Private Limited and Hux Investment Pte. Ltd. each report shared voting and dispositive power over 91,555,447 shares, or 10.44%. The reports concern the same shares, which are held directly by Hux.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Medline Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
58507V107
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
58507V107
1
Names of Reporting Persons
GIC Private Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
13,120,618.00
6
Shared Voting Power
101,237,311.00
7
Sole Dispositive Power
13,120,618.00
8
Shared Dispositive Power
101,237,311.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
114,357,929.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.03 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: (1) Percentage is based on 877,351,218 shares of Class A Common Stock, par value $0.0001 per share, outstanding as reported in Medline Inc.'s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2026.
SCHEDULE 13G
CUSIP Number(s):
58507V107
1
Names of Reporting Persons
GIC Special Investments Private Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
91,555,447.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
91,555,447.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
91,555,447.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.44 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: (1) Percentage is based on 877,351,218 shares of Class A Common Stock, par value $0.0001 per share, outstanding as reported in Medline Inc.'s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2026.
SCHEDULE 13G
CUSIP Number(s):
58507V107
1
Names of Reporting Persons
Hux Investment Pte. Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
91,555,447.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
91,555,447.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
91,555,447.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.44 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Percentage is based on 877,351,218 shares of Class A Common Stock, par value $0.0001 per share, outstanding as reported in Medline Inc.'s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2026.
Address or principal business office or, if none, residence:
168 Robinson Road
#37-01 Capital Tower
Singapore 068912
(c)
Citizenship:
GIC Private Limited - Republic of Singapore
GIC Special Investments Private Limited - Republic of Singapore
Hux Investment Pte. Ltd.- Republic of Singapore
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
58507V107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Ownership information with respect to GIC Private Limited ("GIC"), GIC Special Investments Private Limited ("GIC SI") and Hux Investment Pte. Ltd. ("Hux" and together with GIC and GIC SI, the "Reporting Persons") is incorporated by reference through items (5) through (9) and (11) of the cover page for each entity.
GIC is a fund manager and only has 2 clients - the Government of Singapore ("GoS") and the Monetary Authority of Singapore ("MAS"). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. GIC has sole power to vote and dispose of 13,120,618 Shares held directly by it. GIC shares the power to vote and the power to dispose of 9,681,864 Shares beneficially owned by it with MAS. Hux shares the power to vote and the power to dispose of 91,555,447 Shares held directly by it with GIC SI and GIC.
GIC SI is wholly owned by GIC and is the private equity investment arm of GIC. GIC is wholly owned by the GoS and was set up with the sole purpose of managing Singapore's foreign reserves.
The GoS disclaims beneficial ownership of these shares.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
