SUMITOMO MITSUI FINANCIAL GROUP Discloses $31.5B Q4 2023 Holdings

TL;DR

**SMFG's Q4 2023 13F shows big bets on tech, with Amazon and AMD leading the pack.**

AI Summary

SUMITOMO MITSUI FINANCIAL GROUP, INC. (SMFG) filed its 13F-HR on February 8, 2024, disclosing its equity holdings as of December 31, 2023. The filing reveals significant positions in tech giants like Amazon.com Inc. (14,860,068 shares valued at $9,688,400) and Advanced Micro Devices Inc. (38,110 shares valued at $5,669,244), alongside other notable holdings in companies such as Zscaler Inc. and Shopify Inc. This matters to investors because it provides transparency into SMFG's investment strategy, indicating their confidence in specific sectors and companies, which can influence market sentiment and potentially impact the stock prices of these held companies.

Why It Matters

This filing offers a glimpse into the investment strategy of a major financial institution, potentially signaling trends or confidence in certain companies and sectors. Investors can use this information to understand where large capital is being deployed.

Risk Assessment

Risk Level: low — This filing is a historical snapshot of holdings and does not indicate future investment decisions or direct risk to the filer's core banking operations.

Analyst Insight

Investors should review the specific holdings to understand the types of companies and sectors a major financial group is investing in, potentially using this as a data point for their own research, but not as direct investment advice.

Key Numbers

• 20231231 — Conformed Period of Report (The date for which the investment holdings are reported.)
• 14,860,068 — Shares of Amazon.com Inc. (The largest disclosed equity position by share count.)
• $9,688,400 — Value of Amazon.com Inc. shares (The highest disclosed equity position by market value.)
• 38,110 — Shares of Advanced Micro Devices Inc. (A significant holding in the semiconductor sector.)
• $5,669,244 — Value of Advanced Micro Devices Inc. shares (The second highest disclosed equity position by market value.)

Key Players & Entities

• SUMITOMO MITSUI FINANCIAL GROUP, INC. (company) — the filer of the 13F-HR
• Amazon.com Inc. (company) — a significant holding with 14,860,068 shares
• Advanced Micro Devices Inc. (company) — a significant holding with 38,110 shares
• Osahiro Yamamoto (person) — General Manager Planning Dept., Global Markets Business Unit for SMFG
• $9,688,400 (dollar_amount) — value of Amazon.com Inc. shares held
• $5,669,244 (dollar_amount) — value of Advanced Micro Devices Inc. shares held

Forward-Looking Statements

• SUMITOMO MITSUI FINANCIAL GROUP, INC. will continue to maintain a significant allocation to technology and growth stocks in its portfolio. (SUMITOMO MITSUI FINANCIAL GROUP, INC.) — medium confidence, target: 2024-06-30
• The disclosed holdings in companies like Amazon and AMD may see increased investor interest due to the endorsement from a major financial institution. (Amazon.com Inc., Advanced Micro Devices Inc.) — low confidence, target: 2024-03-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 4KB
• 29807.html (INFORMATION TABLE)
• 29807.xml (INFORMATION TABLE) — 81KB
• 0000950123-24-001063.txt ( ) — 86KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: SUMITOMO MITSUI FINANCIAL GROUP, INC. Address: 1-2, MARUNOUCHI 1-CHOME CHIYODA-KU TOKYO , M0   100-0005 Form 13F File Number: 028-17794 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Osahiro Yamamoto Title: General Manager Planning Dept., Global Markets Business Unit Phone: 81-3-6706-3820 Signature, Place, and Date of Signing: /s/ Osahiro Yamamoto Tokyo ,  M0 02-08-2024 [Signature] [City, State] [Date] Report Type (Check only one.):    13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK Sumitomo Mitsui DS Asset Management Company, Ltd 028-14064 000301509 801-116710   TT International Asset Management LTD 028-20249 000110858 801-45435   Form 13F Summary Page Report Summary: Number of Other Included Managers: 4 Form 13F Information Table Entry Total: 166 Form 13F Information Table Value Total: 3,154,376,360 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 Sumitomo Mitsui Banking Corporation 028-17800       2 SMBC Trust Bank Ltd. 028-18879       3 SMBC Nikko Securities Inc. 028-20371       4 Sumitomo Mitsui Card Company, Limited 028-20372

View Full Filing

View this 13F-HR filing on SEC EDGAR