5 Best Japanese Stocks To Invest in 2023

2. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Number of Hedge Fund Investors In Q2 2023: 14

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) is a global bank that is headquartered in Tokyo,  Japan. The firm expanded its global and American portfolio in July 2023 as it launched a digital banking service in the U.S.

For their shareholdings during this year’s second quarter, 14 out of the 910 hedge funds polled by Insider Monkey had invested in the bank. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)’s largest shareholder in our database is Cowen Group’s Ramius since it owns 4.4 million shares that are worth $38 million.

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