Sumitomo Mitsui Trust Holds 241.5M Honda Shares

TL;DR

**Sumitomo Mitsui Trust still owns a massive chunk of Honda stock.**

AI Summary

Sumitomo Mitsui Trust Holdings, Inc. filed an Amendment No. 7 to its SC 13G/A for Honda Motor Co., Ltd. on February 5, 2024, reporting its beneficial ownership of 241,588,400 shares of Honda's Common Stock as of December 31, 2023. This filing indicates a significant institutional holding, representing a substantial stake in Honda, which could influence corporate governance and strategic decisions. Investors should note this large institutional ownership as it can provide stability but also means a large block of shares could be sold, potentially impacting stock price.

Why It Matters

This filing reveals a major institutional investor's significant stake in Honda, which can influence the company's direction and stock stability. A large institutional holding can signal confidence but also presents a potential overhang if the holder decides to reduce its position.

Risk Assessment

Risk Level: low — The filing indicates a stable, large institutional ownership, which generally reduces volatility and risk for other shareholders.

Analyst Insight

Investors should note the continued significant institutional ownership by Sumitomo Mitsui Trust Holdings, Inc. This indicates a stable, long-term holder, which can be a positive signal, but also means a large block of shares could be sold if their investment thesis changes, potentially impacting the stock price. Monitor future 13G/A filings for changes in their position.

Key Numbers

• 241,588,400 — Shares Beneficially Owned (Represents the total number of Honda Motor Co., Ltd. common shares held by Sumitomo Mitsui Trust Holdings, Inc. as of December 31, 2023.)
• 7 — Amendment Number (Indicates this is the seventh amendment to the original Schedule 13G filing, suggesting ongoing monitoring and updates to their position.)

Key Players & Entities

• Sumitomo Mitsui Trust Holdings, Inc. (company) — the reporting person and beneficial owner
• Honda Motor Co., Ltd. (company) — the issuer of the securities
• 241,588,400 (dollar_amount) — number of shares beneficially owned
• December 31, 2023 (date) — date of event requiring the filing
• February 5, 2024 (date) — filing date

Forward-Looking Statements

• Sumitomo Mitsui Trust Holdings, Inc. will maintain a significant stake in Honda Motor Co., Ltd. for the foreseeable future. (Sumitomo Mitsui Trust Holdings, Inc.) — high confidence, target: 2025-12-31

FAQ

Filing Documents

• hnda131243sc13ga7.htm (SC 13G/A) — 41KB
• 0001214659-24-001869.txt ( ) — 43KB

(a). Name of Issuer

Item 1(a). Name of Issuer: Honda Motor Co., Ltd

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices: 2-1-1, Minami-Aoyama, Minato-ku, Tokyo 107-8556, Japan

(a). Name of Person Filing

Item 2(a). Name of Person Filing: Sumitomo Mitsui Trust Holdings, Inc.

(b). Address of Principal Business Office or, if None,

Item 2(b). Address of Principal Business Office or, if None, Residence: 1-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-8233, Japan

(c). Citizenship

Item 2(c). Citizenship: Japan

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Common Stock

(e). CUSIP Number

Item 2(e). CUSIP Number: 438128308

If this Statement is Filed Pursuant to Rule 13d-1(b),

Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 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 association 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); (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Parent Holding Company Page 3 of 6

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of issuer identified in Item 1. (a) Amount beneficially owned: 266,166,900 (b) Percent of class: 4.9% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 241,588,400 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 266,166,900

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five 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. See Exhibit A.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. Page 4 of 6 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. Date: February 5, 2024 Sumitomo Mitsui Trust Holdings, Inc. (Company) /s/ Hideaki Takamiya (Signature) Hideaki Takamiya / Senior Manager of Risk Management Dept (Name/Title) Page 5 of 6 Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, portions of the securities being reported on by Sumitomo Mitsui Trust Holdings, Inc. as a parent holding company are owned, or may be deemed to be beneficially owned, by its subsidiaries: each of (a) Sumitomo Mitsui Trust Asset Management Co., Ltd. and (b) Nikko Asset Management Co., Ltd. is classified as an investment adviser in accordance with §240.13d-1(b)(1)(ii)(E) and as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). Page 6 of 6

View Full Filing

View this SC 13G/A filing on SEC EDGAR