HSBC Holdings Portfolio holdings
HSBC Holdings plc, founded in 1865 as the Hongkong and Shanghai Banking Corporation by Sir Thomas Sutherland to finance trade in East Asia, is a British multinational bank headquartered in London, managing trillions in assets as one of the world’s largest banking and financial services organizations. Operating in over 60 countries with a strong emphasis on Asia—where it generates much of its revenue—HSBC offers retail banking, wealth management, commercial banking, and global markets services to more than 40 million customers, supported by around 214,000 employees as of late 2024. Known for its international network and resilience through crises like the 1997 Asian financial downturn, HSBC has pivoted under Group CEO Noel Quinn (since 2020) to accelerate digital transformation and sustainability goals, targeting net-zero emissions by 2050. Despite challenges like geopolitical tensions and regulatory pressures, HSBC remains a cornerstone of global finance, leveraging its heritage as a trade financier into a modern, Asia-centric banking powerhouse.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.04B |
| 2 |
Visa
V
|
+$434M |
| 3 |
iShares TIPS Bond ETF
TIP
|
+$311M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$227M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$219M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$2.55B |
| 2 |
NVIDIA
NVDA
|
+$1.66B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$992M |
| 4 |
Meta Platforms (Facebook)
META
|
+$721M |
| 5 |
Galicia Financial Group
GGAL
|
+$673M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.29% |
| 2 | Financials | 12.7% |
| 3 | Consumer Discretionary | 10.47% |
| 4 | Communication Services | 8.37% |
| 5 | Healthcare | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Philip Morris
PM
$305B
| $492M | 0.3% |
2,700,829
-387,116
| -13% | -$66.5M |
|
52
GE Aerospace
GE
$375B
| $491M | 0.3% |
1,908,598
-196,125
| -9% | -$43M |
|
53
Verizon
VZ
$198B
| $480M | 0.29% |
11,116,663
-50,359
| -0.5% | -$2.18M |
|
54
Morgan Stanley
MS
$337B
| $474M | 0.28% |
3,370,723
-307,212
| -8% | -$37.7M |
|
55
Intuitive Surgical
ISRG
$128B
| $468M | 0.28% |
861,959
-65,036
| -7% | -$34M |
|
56
Chevron
CVX
$378B
| $463M | 0.28% |
3,236,009
-227,781
| -7% | -$32.1M |
|
57
McDonald's
MCD
$192B
| $463M | 0.28% |
1,585,163
-113,630
| -7% | -$35M |
|
58
Applied Materials
AMAT
$410B
| $457M | 0.27% |
2,494,755
-151,530
| -6% | -$24M |
|
59
AT&T
T
$167B
| $456M | 0.27% |
15,803,362
-1,001,175
| -6% | -$27.6M |
|
60
Pinduoduo
PDD
$121B
| $454M | 0.27% |
4,325,013
+476,590
| +12% | +$50M |
|
61
PUT
Apple
AAPL
$4.95T
| $454M | 0.27% |
2,269,500
+208,500
| +10% | +$42.1M |
|
|
62
iShares Core S&P 500 ETF
IVV
$869B
| $439M | 0.26% |
707,795
+380,570
| +116% | +$219M |
|
63
Citigroup
C
$223B
| $423M | 0.25% |
4,972,167
-636,295
| -11% | -$46M |
|
64
Uber
UBER
$139B
| $417M | 0.25% |
4,474,315
-501,979
| -10% | -$41.3M |
|
|
65
PUT
NVIDIA
NVDA
$4.76T
| $408M | 0.24% |
2,580,000
-6,700,000
| -72% | -$843M |
|
66
Capital One
COF
$127B
| $390M | 0.23% |
1,829,065
+348,762
| +24% | +$65.1M |
|
67
Pfizer
PFE
$141B
| $388M | 0.23% |
15,995,460
+816,127
| +5% | +$19M |
|
68
TJX Companies
TJX
$173B
| $388M | 0.23% |
3,146,464
-60,704
| -2% | -$7.7M |
|
69
Blackrock
BLK
$165B
| $387M | 0.23% |
369,635
+46,108
| +14% | +$43.6M |
|
|
70
PUT
Alphabet (Google) Class C
GOOG
$3.99T
| $385M | 0.23% |
2,162,200
+693,700
| +47% | +$115M |
|
71
Gilead Sciences
GILD
$162B
| $372M | 0.22% |
3,358,902
-668,884
| -17% | -$71.2M |
|
72
Automatic Data Processing
ADP
$102B
| $364M | 0.22% |
1,181,359
+28,657
| +2% | +$8.8M |
|
73
Caterpillar
CAT
$402B
| $358M | 0.21% |
921,842
-192,750
| -17% | -$64.2M |
|
74
Micron Technology
MU
$1.02T
| $355M | 0.21% |
2,875,648
-75,980
| -3% | -$7.1M |
|
|
75
CALL
Microsoft
MSFT
$2.89T
| $348M | 0.21% |
700,000
-108,700
| -13% | -$47.2M |
|
Similar funds
HSBC Holdings's Q2 2025 Portfolio in Review
As of Q2 2025, HSBC Holdings held 3,297 positions worth $167B, up 2.9% from $162B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
HSBC Holdings withdrew a net $13.1B in Q2 2025, closing 294 positions and reducing 1,436 holdings. Its most notable exit was Discover Financial Services, an estimated $175M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, HSBC Holdings opened a new position in iShares Global Comm Services ETF worth $78.7M.
- HSBC Holdings's largest Q2 2025 buy was iShares Global Comm Services ETF: 700,747 shares worth $78.7M.
- HSBC Holdings added most to UnitedHealth in Q2 2025, an estimated $1.04B increase.
- HSBC Holdings's biggest Q2 2025 reduction was Microsoft, cutting an estimated $2.55B.
- HSBC Holdings fully exited Discover Financial Services in Q2 2025, selling an estimated $175M.
- HSBC Holdings's ten largest holdings make up 30% of its $167B portfolio in Q2 2025.
- HSBC Holdings opened 290 new positions and closed 294 in Q2 2025.
- HSBC Holdings's portfolio value rose 2.9% quarter-over-quarter to $167B.
Based on HSBC Holdings's 13F filing for Q2 2025, filed 13 Aug 2025.