SM Investments Corporation, SM Investments or SMIC (PSE: SM) is a holding company with interests in shopping mall development and management, retail, real estate development, banking and tourism. The SM Group was founded by Henry Sy, Sr. It has become one of the largest conglomerates in the Philippines.

1958, The first company, Shoemart (also known as SM), started out as an ordinary shoe store in Carriedo, Manila. Shoemart was the largest shoe manufacturer, headed by Henry Sy. Initially, he tried to focus on planning and buying big supplies of shoes in the U.S., but then his plans began to accelerate as he transformed his ordinary shoe store into a fully air-conditioned department store.

His second company, SM Department Store Inc., was an extreme success. Building SM Department Store branches inside and outside Metro Manila was hard work for Sy. He made the Shoemart sign as SM, which became one of the most recognizable and universal brands of all time. Then he tried to focus on shopping malls and supermarkets as Sy bought a lot in 1978 at the northern end of EDSA in Quezon City. As he built his first mall, SM City North EDSA, by 1994, his companies were listed in the Philippine Stock Exchange, SM Prime Holdings Inc. By 2005, the SM Investments was inaugurated to the public by focusing on industry leading, retail merchandising, shopping mall operations, banking, financial services & corporate governance.