13F-HR: Toyota Motor Corp Discloses $1.17 Billion in U.S. Equity Holdings in Retroactive 13F Filing

Toyota Motor Corp files a retroactive Form 13F-HR, revealing over $1.16 billion in holdings as of June 30, 2022, including significant investments in Aurora Innovation, Grab Holdings, Joby Aviation, and Uber Technologies.

Summary

• Toyota Motor Corp (TMC) has filed a retroactive Form 13F-HR for the quarter ended June 30, 2022.
• The filing discloses total holdings valued at $1,167,504,667.
• TMC is submitting this filing as part of its self-correction measures after an internal determination that it was subject to Form 13F reporting for the applicable period.
• The largest holdings include Grab Holdings Limited ($563,952,380), Joby Aviation Inc ($357,800,690), and Uber Technologies Inc ($104,875,259).

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing is a regulatory requirement and doesn't inherently indicate positive or negative performance. The retroactive nature introduces a slight negative, balanced by the proactive self-correction.

Positives

• The disclosure provides transparency into Toyota Motor Corp's U.S. equity holdings.
• The self-correction measure indicates a commitment to regulatory compliance.

Negatives

• The filing is retroactive, suggesting a prior oversight in reporting requirements.

Risks

• The retroactive nature of the filing may raise questions about past compliance practices.
• The value of the holdings is subject to market fluctuations.

Management Comments

• Toyota Motor Corp ('TMC') is submitting this retroactive Form 13F-HR following an internal determination that it was subject to Form 13F reporting for the applicable period.
• Accordingly, TMC is submitting this filing as part of its self-correction measures.

Industry Context

The investments in companies like Grab, Joby Aviation, and Uber reflect a broader trend of automotive companies investing in mobility and technology-driven transportation solutions.

Comparison to Industry Standards

• Comparing Toyota's investment strategy to other major automotive corporations like General Motors or Volkswagen, it's evident that strategic investments in technology and mobility companies are a common theme.
• For example, GM's investment in Cruise (autonomous vehicles) and VW's investments in electric vehicle technology and charging infrastructure mirror Toyota's approach of diversifying into future-oriented transportation solutions.
• The scale of Toyota's investments, particularly in Grab and Joby Aviation, positions them as a significant player in the future of mobility, similar to how other large corporations are leveraging their capital to shape the transportation landscape.

Stakeholder Impact

• Shareholders gain insight into Toyota's investment strategy.
• The investments could potentially impact the growth and valuation of the companies Toyota has invested in.

Key Dates

Keywords

13F filing, Toyota Motor Corp, equity holdings, Grab Holdings, Joby Aviation, Uber Technologies, investment manager