Sumitomo Mitsui Trust Holdings Updates Passive Stake in SMFG

TL;DR

**Sumitomo Mitsui Trust Holdings still holds a big, passive chunk of SMFG.**

AI Summary

Sumitomo Mitsui Trust Holdings, Inc. filed an Amendment No. 7 to their Schedule 13G/A on February 5, 2024, indicating their ownership of Common Stock in Sumitomo Mitsui Financial Group, Inc. as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, but passive, stake in the company. For investors, this means a major institutional holder remains committed to the stock, which can signal stability and long-term confidence.

Why It Matters

This filing confirms a major institutional investor, Sumitomo Mitsui Trust Holdings, Inc., maintains a significant, passive ownership in Sumitomo Mitsui Financial Group, Inc., which can be a positive signal for other investors regarding the stock's stability.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.

Analyst Insight

An investor should note that a significant institutional holder, Sumitomo Mitsui Trust Holdings, Inc., continues to hold a passive stake in Sumitomo Mitsui Financial Group, Inc., which suggests ongoing institutional confidence without indicating any immediate strategic shifts or activist intentions.

Key Players & Entities

• Sumitomo Mitsui Trust Holdings, Inc. (company) — the reporting person filing the SC 13G/A
• Sumitomo Mitsui Financial Group, Inc. (company) — the issuer whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 5, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• smfg131244sc13ga7.htm (SC 13G/A) — 41KB
• 0001214659-24-001875.txt ( ) — 43KB

(a). Name of Issuer

Item 1(a). Name of Issuer: Sumitomo Mitsui Financial Group, Inc.

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

Item 1(b). Address of Issuer’s Principal Executive Offices: 1-2, Marunouchi 1-chome, Chiyoda-Ku, Tokyo 100-0005,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, Residence

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: 86562M209

If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a

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: 74,480,400 (b) Percent of class: 5.6% (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: 67,006,300 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 74,480,400

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