Sumitomo Mitsui Trust Group, Inc.

13F equity value

$154.5B

Positions

1,047

Top 10 concentration

31.6%

Quarters / total new picks

32 / 975

13F equity value over time

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +1.7% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 40.6% of quarters (excess t = 0.22, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess

+0.3%

t-stat

0.22

Quarterly win rate

41%

Annualized excess

-5.0%

$1 → follow vs universe

$1.44 vs $2.09

Cumulative return: $1 invested in new picks vs universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 1047 · 2026 Q1

Ticker	Value	Weight	QoQ
NVDA	$10.6B	6.8%	TRIM
AAPL	$8.4B	5.5%	TRIM
MSFT	$6.5B	4.2%	TRIM
AMZN	$5.1B	3.3%	TRIM
GOOGL	$3.8B	2.5%	TRIM
GOOG	$3.5B	2.3%	TRIM
AVGO	$3.4B	2.2%	TRIM
META	$2.9B	1.9%	TRIM
TSLA	$2.8B	1.8%	TRIM
JPM	$1.8B	1.2%	TRIM
GLDM	$1.7B	1.1%	HOLD
LLY	$1.6B	1.1%	TRIM
XOM	$1.6B	1.0%	TRIM
BRK/B	$1.6B	1.0%	TRIM
JNJ	$1.4B	0.9%	TRIM
WMT	$1.4B	0.9%	ADD
IAUM	$1.3B	0.8%	ADD
V	$1.2B	0.8%	TRIM
NFLX	$1.1B	0.7%	TRIM
AMD	$1.1B	0.7%	TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ALSN AMCR AR ASTS ATAT AXIA/PC BBIO BNTX CASY CDE CMC COPX CRS CRUS DES EAT FHN FIVE FRMI FTAI GFI HL ILF IREN JOYY KT LITE LNTH MDLN ONDS

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.