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StocksUpdated×2•Originally published 18 April 2026•Updated 19 April 2026•

1 min read

Sumitomo Mitsui Trust Group Rebalances Portfolio with Major Divestments in FactSet and NETSTREIT

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Key Facts

1Sumitomo Mitsui Trust Group Inc. reduced its stake in FactSet Research Systems Inc. by 71.9% during the fourth quarter.

2FactSet reported an EPS of $4.46, beating the estimated $4.37.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: The story was updated to include Sumitomo's divestment from NETSTREIT and its increased stake in Assurant, with the headline modified to reflect the broader portfolio rebalancing.

Version 1about 2 months ago

What changed: Updated the story to include Ninety One UK Ltd's marginal stake reduction in FactSet and other tech firms, the announcement of a quarterly dividend, and institutional rotation into Thermo Fisher Scientific.

Sumitomo Mitsui Trust Group Inc. is aggressively rebalancing its investment portfolio, marked by a massive 71.9% stake reduction in FactSet and an 83.7% divestment from NETSTREIT Corp. (NTST), involving the sale of 1,267,246 shares. Despite missing quarterly earnings estimates, NETSTREIT signaled confidence by increasing its quarterly dividend to $0.22 per share. Conversely, the group significantly bolstered its position in Assurant, Inc. (AIZ), increasing its holdings by 198.9% to a total of 11,997 shares. These maneuvers occur as FactSet continues to offer a $1.10 per share dividend amid institutional selling pressure and a cautious 'Reduce' consensus from analysts. This broad activity underscores a strategic rotation of capital across the technology, real estate, and insurance sectors.