Sumitomo Mitsui Trust Group Portfolio holdings
Sumitomo Mitsui Trust Group, Inc., originally founded in 1924 as Sumitomo Trust Co., Ltd., and headquartered in Tokyo, Japan, is a major Japanese financial holding company that evolved through the 2011 merger of Chuo Mitsui Trust Holdings and Sumitomo Trust and Banking Co., Ltd., forming its core entity, Sumitomo Mitsui Trust Bank. Renamed from Sumitomo Mitsui Trust Holdings in October 2024, it is Japan’s largest trust bank and fifth-largest bank by assets, managing hundreds of billions through services like trust banking, asset management, real estate, and financial brokerage for retail and institutional clients. Distinct from the Sumitomo Mitsui Financial Group despite shared historical roots in the Sumitomo and Mitsui conglomerates, the group emphasizes sustainability and long-term client solutions, operating globally with subsidiaries in cities like New York, London, and Hong Kong. Under leaders like Chairman Kazuo Ohmori, it blends a century-long legacy with modern financial innovation, focusing on pension funds, real estate trusts, and ESG-driven investments.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Vernova
GEV
|
+$96.3M |
| 2 |
Curtiss-Wright
CW
|
+$80.6M |
| 3 |
10x Genomics
TXG
|
+$66M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$65.9M |
| 5 |
Roblox
RBLX
|
+$53.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$507M |
| 2 |
NVIDIA
NVDA
|
+$495M |
| 3 |
Apple
AAPL
|
+$456M |
| 4 |
Royal Bank of Canada
RY
|
+$328M |
| 5 |
Toronto Dominion Bank
TD
|
+$250M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.91% |
| 2 | Healthcare | 11.85% |
| 3 | Financials | 11.44% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Communication Services | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.95T
| $8.11B | 5.98% |
18,136,698
-1,201,016
| -6% | -$507M |
|
|
2
NVIDIA
NVDA
$5.02T
| $7.91B | 5.84% |
64,055,653
-4,898,967
| -7% | -$495M |
|
|
3
Apple
AAPL
$4.81T
| $7.17B | 5.29% |
34,054,055
-2,444,201
| -7% | -$456M |
|
4
Amazon
AMZN
$2.66T
| $4.62B | 3.41% |
23,913,222
-838,198
| -3% | -$154M |
|
5
Meta Platforms (Facebook)
META
$1.63T
| $2.89B | 2.13% |
5,722,471
-471,691
| -8% | -$229M |
|
6
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.49B | 1.84% |
13,676,294
-1,077,134
| -7% | -$182M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.22T
| $2.41B | 1.78% |
13,131,886
-892,940
| -6% | -$152M |
|
8
Broadcom
AVGO
$1.84T
| $1.81B | 1.34% |
11,282,930
-1,037,310
| -8% | -$145M |
|
9
Tesla
TSLA
$1.42T
| $1.78B | 1.31% |
8,983,808
-865,617
| -9% | -$151M |
|
10
Eli Lilly
LLY
$1.05T
| $1.76B | 1.3% |
1,942,003
-142,792
| -7% | -$114M |
|
11
JPMorgan Chase
JPM
$918B
| $1.37B | 1.01% |
6,756,283
-495,568
| -7% | -$96.9M |
|
12
UnitedHealth
UNH
$396B
| $1.32B | 0.98% |
2,596,411
-124,968
| -5% | -$61.3M |
|
13
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.29B | 0.95% |
3,159,425
+11,240
| +0.4% | +$4.59M |
|
14
ExxonMobil
XOM
$629B
| $1.2B | 0.89% |
10,462,261
-365,068
| -3% | -$42.5M |
|
15
Visa
V
$677B
| $1.02B | 0.75% |
3,888,651
-306,620
| -7% | -$84M |
|
16
Procter & Gamble
PG
$345B
| $931M | 0.69% |
5,643,948
-443,893
| -7% | -$72.6M |
|
17
Costco
COST
$412B
| $879M | 0.65% |
1,033,688
-123,662
| -11% | -$96.5M |
|
18
Home Depot
HD
$331B
| $878M | 0.65% |
2,550,244
-173,250
| -6% | -$59.1M |
|
19
Johnson & Johnson
JNJ
$603B
| $876M | 0.65% |
5,994,292
-410,622
| -6% | -$61.1M |
|
20
Mastercard
MA
$476B
| $854M | 0.63% |
1,935,082
-168,289
| -8% | -$76.7M |
|
21
Netflix
NFLX
$286B
| $826M | 0.61% |
12,245,040
-1,204,140
| -9% | -$75.2M |
|
22
Merck
MRK
$312B
| $804M | 0.59% |
6,493,564
-576,723
| -8% | -$74.3M |
|
23
iShares Gold Trust
IAU
$63.4B
| $791M | 0.58% |
18,010,048
-3,239,365
| -15% | -$143M |
|
24
Walmart Inc
WMT
$878B
| $758M | 0.56% |
11,191,742
-1,375,791
| -11% | -$86.6M |
|
25
Advanced Micro Devices
AMD
$888B
| $757M | 0.56% |
4,663,743
-120,291
| -3% | -$19.4M |
|
Similar funds
Sumitomo Mitsui Trust Group's Q2 2024 Portfolio in Review
As of Q2 2024, Sumitomo Mitsui Trust Group held 1,151 positions worth $135B, down 7% from $146B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Sumitomo Mitsui Trust Group withdrew a net $13.8B in Q2 2024, closing 82 positions and reducing 812 holdings. Its most notable exit was Royal Bank of Canada, an estimated $328M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 30% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Sumitomo Mitsui Trust Group opened a new position in GE Vernova worth $104M.
- Sumitomo Mitsui Trust Group's largest Q2 2024 buy was GE Vernova: 607,972 shares worth $104M.
- Sumitomo Mitsui Trust Group added most to Curtiss-Wright in Q2 2024, an estimated $80.6M increase.
- Sumitomo Mitsui Trust Group's biggest Q2 2024 reduction was Microsoft, cutting an estimated $507M.
- Sumitomo Mitsui Trust Group fully exited Royal Bank of Canada in Q2 2024, selling an estimated $328M.
- Sumitomo Mitsui Trust Group's ten largest holdings make up 30% of its $135B portfolio in Q2 2024.
- Sumitomo Mitsui Trust Group opened 33 new positions and closed 82 in Q2 2024.
- Sumitomo Mitsui Trust Group's portfolio value fell 7% quarter-over-quarter to $135B.
Based on Sumitomo Mitsui Trust Group's 13F filing for Q2 2024, filed 19 Jul 2024.