Sumitomo Mitsui Trust Holdings Updates Teladoc Health Stake

TL;DR

**Sumitomo Mitsui Trust Holdings just updated their Teladoc Health stake, showing continued institutional ownership.**

AI Summary

Sumitomo Mitsui Trust Holdings, Inc. (SMTH) filed an Amendment No. 2 to its Schedule 13G for Teladoc Health, Inc. (TDOC) on February 5, 2024, indicating its ownership of Teladoc's common stock as of December 31, 2023. This filing, under Rule 13d-1(b), updates their previous disclosures. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.

Why It Matters

This filing shows that a major financial institution, Sumitomo Mitsui Trust Holdings, continues to hold a significant position in Teladoc Health, which can be a signal of long-term confidence or a stable institutional base for the stock.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate new risks but rather an update on existing holdings.

Analyst Insight

Investors should note the continued institutional presence of Sumitomo Mitsui Trust Holdings in Teladoc Health, but this filing alone doesn't provide enough detail to warrant a specific buy/sell action without knowing the exact percentage of ownership or changes from previous filings.

Key Players & Entities

• Sumitomo Mitsui Trust Holdings, Inc. (company) — reporting person and institutional investor
• Teladoc Health, Inc. (company) — subject company whose securities are being reported
• NIKKO ASSET MANAGEMENT CO., LTD. (NAM) (company) — group member associated with the filing
• December 31, 2023 (date) — date of event requiring the filing
• February 5, 2024 (date) — filing date

Forward-Looking Statements

• Sumitomo Mitsui Trust Holdings will maintain a significant, but potentially adjusted, stake in Teladoc Health in their next filing. (Sumitomo Mitsui Trust Holdings, Inc.) — medium confidence, target: next 13G/A filing

FAQ

From the Filing

0001214659-24-001850.txt : 20240205 0001214659-24-001850.hdr.sgml : 20240205 20240205060857 ACCESSION NUMBER: 0001214659-24-001850 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240205 DATE AS OF CHANGE: 20240205 GROUP MEMBERS: NIKKO ASSET MANAGEMENT CO., LTD. (NAM) SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Teladoc Health, Inc. CENTRAL INDEX KEY: 0001477449 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 043705970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89259 FILM NUMBER: 24593838 BUSINESS ADDRESS: STREET 1: 2 MANHATTANVILLE ROAD STREET 2: SUITE 203 CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 2036352002 MAIL ADDRESS: STREET 1: 2 MANHATTANVILLE ROAD STREET 2: SUITE 203 CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: Teladoc, Inc. DATE OF NAME CHANGE: 20091123 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sumitomo Mitsui Trust Holdings, Inc. CENTRAL INDEX KEY: 0001475365 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: M0 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1-1, SHIBAKOEN, 1-CHOME CITY: MINATO-KU, TOKYO STATE: M0 ZIP: 105-0011 BUSINESS PHONE: 81-3-6256-6000 MAIL ADDRESS: STREET 1: 1-4-1, MARUNOUCHI CITY: CHIYODA-KU, TOKYO STATE: M0 ZIP: 100-8233 FORMER COMPANY: FORMER CONFORMED NAME: Chuo Mitsui Trust Holdings, Inc. DATE OF NAME CHANGE: 20091027 SC 13G/A 1 tdoc130242sc13ga2.htm AMENDMENT NO. 2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Teladoc Health, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 87918A105 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). Page 1 of 9 CUSIP No. 87918A105 13G 1. NAMES OF REPORTING PERSONS Sumitomo Mitsui Trust Holdings, Inc. (“SMTH”) 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Japan NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 7,474,674 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 7,474,674 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,474,674 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) o 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.51 % 12. TYPE OF REPORTING PERSON (see instructions) HC, FI Page 2 of 9 CUSIP No. 87918A105 13G 1. NAMES OF REPORTING PERSONS Nikko Asset Management Co., Ltd. (“NAM”) 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Japan NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 7,464,874 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER