Vault-13

HSBC HLDGS PLC HSBC

SPON ADR NEW · ADR · CUSIP 404280406 · ISIN US4042804066

British multinational bank

617 institutional holders +61 vs Q3 2025
82,908,79882.9m shares reported held*
$6.5bnreported value*
77 new 273 added 132 reduced 36 sold out net bought ≈ $251.1m (+3.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($17.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.78. Options: 22 managers hold calls ($312.0m notional), 25 hold puts ($380.1m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 290Q4 22: 317Q1 23: 339Q2 23: 366Q3 23: 376Q4 23: 414Q1 24: 413Q2 24: 421Q3 24: 428Q4 24: 469Q1 25: 509Q2 25: 515Q3 25: 556Q4 25: 617617Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022290
Q4 2022317
Q1 2023339
Q2 2023366
Q3 2023376
Q4 2023414
Q1 2024413
Q2 2024421
Q3 2024428
Q4 2024469
Q1 2025509
Q2 2025515
Q3 2025556
Q4 2025617

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q1 24: 190 bought or addedQ1 24: 192 cut or sold outQ2 24: 227 bought or addedQ2 24: 155 cut or sold outQ2 24Q3 24: 203 bought or addedQ3 24: 175 cut or sold outQ4 24: 231 bought or addedQ4 24: 154 cut or sold outQ4 24Q1 25: 270 bought or addedQ1 25: 172 cut or sold outQ2 25: 276 bought or addedQ2 25: 183 cut or sold outQ2 25Q3 25: 302 bought or addedQ3 25: 182 cut or sold outQ4 25: 350 bought or addedQ4 25: 168 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024190192
Q2 2024227155
Q3 2024203175
Q4 2024231154
Q1 2025270172
Q2 2025276183
Q3 2025302182
Q4 2025350168

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300m$400mQ1 25 calls: $104.2mQ1 25 puts: $222.9mQ1 25P/C 2.14Q2 25 calls: $212.6mQ2 25 puts: $259.6mQ2 25P/C 1.22Q3 25 calls: $282.9mQ3 25 puts: $321.6mQ3 25P/C 1.14Q4 25 calls: $312.0mQ4 25 puts: $380.1mQ4 25P/C 1.22
Numbers
QuarterCallsPutsP/C
Q1 2025$104.2m$222.9m2.14
Q2 2025$212.6m$259.6m1.22
Q3 2025$282.9m$321.6m1.14
Q4 2025$312.0m$380.1m1.22

Biggest buyers

MORGAN STANLEY Added +993,473+993.5k
Clearbridge Investments, LLC Added +627,857+627.9k
Connor, Clark & Lunn Investment Management Ltd. Added +613,066+613.1k
Fisher Asset Management, LLC Added +402,288+402.3k
MILLENNIUM MANAGEMENT LLC Added +343,753+343.8k
BANK OF AMERICA CORP /DE/ Added +193,890+193.9k
HRT FINANCIAL LP New +176,364+176.4k
MARSHALL WACE, LLP New +169,065+169.1k
SG Americas Securities, LLC Added +142,149+142.1k
Qube Research & Technologies Ltd Added +133,379+133.4k

Biggest sellers

FMR LLC Reduced -448,627-448.6k
RENAISSANCE TECHNOLOGIES LLC Reduced -384,300-384.3k
GOLDMAN SACHS GROUP INC Reduced -313,796-313.8k
JPMORGAN CHASE & CO Reduced -280,975-281.0k
BlackRock, Inc. Reduced -245,273-245.3k
Grantham, Mayo, Van Otterloo & Co. LLC Reduced -237,097-237.1k
DIMENSIONAL FUND ADVISORS LP Reduced -213,297-213.3k
Gunderson Capital Management LLC Sold out -161,909-161.9k
BANK OF MONTREAL /CAN/ Reduced -91,708-91.7k
AMJ Financial Wealth Management Reduced -86,589-86.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $79.2m1.0m shares
CITADEL ADVISORS LLC Reduced $65.4m831.3k shares
Optiver Holding B.V. Added $56.3m715.1k shares
JANE STREET GROUP, LLC Reduced $22.3m283.2k shares
SIMPLEX TRADING, LLC Added $14.0m182.4k shares
Walleye Trading LLC Added $11.2m141.8k shares
UBS Group AG Unchanged $10.8m136.9k shares
IMC-Chicago, LLC Added $9.8m125.0k shares
Twin Tree Management, LP Added $8.8m111.9k shares
PEAK6 LLC Reduced $6.0m76.6k shares

Biggest puts

Optiver Holding B.V. Added $97.8m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $75.6m960.7k shares
Parallax Volatility Advisers, L.P. Added $24.9m316.0k shares
CITADEL ADVISORS LLC Reduced $22.8m290.0k shares
PEAK6 LLC Added $20.8m265.0k shares
BARCLAYS PLC Unchanged $18.4m233.8k shares
TUDOR INVESTMENT CORP ET AL Added $14.3m182.0k shares
Walleye Trading LLC Added $13.9m176.1k shares
SIMPLEX TRADING, LLC Reduced $13.7m179.4k shares
CAPITAL FUND MANAGEMENT S.A. Added $13.6m173.3k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fisher Asset Management, LLC 0.48% of their portfolio PLANO, TX 17,800,74817.8m $1.4bn $1.4bn 0.48% Added +402.3k +402,288
2 DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio AUSTIN, TX 10,362,34710.4m $815.2m $815.2m 0.17% Reduced -213.3k -213,297
3 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 7,483,8837.5m $588.8m $588.8m 0.04% Added +993.5k +993,473
4 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 5,916,7535.9m $465.5m $465.5m 0.07% Reduced -313.8k -313,796
5 FMR LLC 0.01% of their portfolio BOSTON, MA 3,142,0283.1m $247.2m $247.2m 0.01% Reduced -448.6k -448,627
6 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 3,008,3243.0m $236.7m $236.7m 0.03% Reduced -36.8k -36,810
7 Sanders Capital, LLC 0.26% of their portfolio West Palm Beach, FL 2,887,4702.9m $227.2m $227.2m 0.26% Reduced -82.5k -82,540
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,647,6692.6m $208.3m $208.3m 0.00% Reduced -245.3k -245,273
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,261,6822.3m $177.9m $177.9m 0.01% Added +193.9k +193,890
10 Clearbridge Investments, LLC 0.09% of their portfolio NEW YORK, NY 1,443,7161.4m $113.6m $113.6m 0.09% Added +627.9k +627,857
11 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 1,440,2441.4m $113.3m $113.3m 0.06% Added +128.4k +128,424
12 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 26.23% of their portfolio Greenwich, CT 1,265,6561.3m $99.6m $99.6m 26.23% Unchanged
13 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,112,0591.1m $87.5m $87.5m 0.02% Reduced -60.2k -60,165
14 Connor, Clark & Lunn Investment Management Ltd. 0.15% of their portfolio VANCOUVER, A1 715,725715.7k $56.3m $56.3m 0.15% Added +613.1k +613,066
15 COOKSON PEIRCE & CO INC 2.00% of their portfolio PITTSBURGH, PA 613,956614.0k $48.3m $48.3m 2.00% Reduced -10.0k -10,013
16 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.26% of their portfolio Stamford, CT 590,663590.7k $46.5m $46.5m 0.26% Added +52.4k +52,425
17 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 555,713555.7k $43.7m $43.7m 0.01% Added +100.6k +100,625
18 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 529,394529.4k $41.6m $41.6m 0.03% Added +343.8k +343,753
19 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 493,614493.6k $38.8m $38.8m 0.03% Reduced -78.1k -78,097
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 485,468485.5k $38.2m $38.2m 0.01% Added +65.2k +65,241
21 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 470,511470.5k $37.0m $37.0m 0.01% Added +79.4k +79,382
22 Crossmark Global Holdings, Inc. 0.53% of their portfolio HOUSTON, TX 466,801466.8k $36.7m $36.7m 0.53% Reduced -13.3k -13,337
23 Quantinno Capital Management LP 0.07% of their portfolio NEW YORK, NY 435,064435.1k $34.2m $34.2m 0.07% Added +72.7k +72,706
24 NATIXIS ADVISORS, LLC 0.05% of their portfolio Boston, MA 407,128407.1k $32.0m $32.0m 0.05% Reduced -24.6k -24,589
25 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 384,037384.0k $30.2m $30.2m 0.01% Added +44.0k +43,986
26 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 361,303361.3k $28.4m $28.4m 0.04% Added +133.4k +133,379
27 ABC ARBITRAGE SA 2.65% of their portfolio PARIS, I0 360,332360.3k $28.3m $28.3m 2.65% Added +116.2k +116,163
28 UBS Group AG 0.01% of their portfolio ZURICH, V8 356,832356.8k $28.1m $28.1m 0.01% Added +55.7k +55,718
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 354,049354.0k $27.9m $27.9m 0.00% Reduced -281.0k -280,975
30 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 348,992349.0k $27.5m $27.5m 0.01% Added +126.1k +126,076
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 319,905319.9k $25.2m $25.2m 0.00% Reduced -29.3k -29,337
32 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 318,178318.2k $25.0m $25.0m 0.02% Added +3.8k +3,794
33 1832 Asset Management L.P. 0.03% of their portfolio TORONTO, A6 298,350298.4k $23.5m $23.5m 0.03% Added +350 +350
34 MERITAGE PORTFOLIO MANAGEMENT 1.54% of their portfolio OVERLAND PARK, KS 295,700295.7k $23.3m $23.3m 1.54% Reduced -3.8k -3,809
35 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 295,056295.1k $23.2m $23.2m 0.01% Added +45.8k +45,816
36 Foresight Global Investors, Inc. 10.86% of their portfolio PURCHASE, NY 293,355293.4k $23.1m $23.1m 10.86% Added +112.9k +112,880
37 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 266,449266.4k $21.0m $21.0m 0.02% Added +805 +805
38 CAPITAL FUND MANAGEMENT S.A. 0.20% of their portfolio PARIS, I0 265,463265.5k $20.9m $20.9m 0.20% Reduced -64.1k -64,072
39 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 260,902260.9k $20.5m $20.5m 0.01% Added +218 +218
40 QRG CAPITAL MANAGEMENT, INC. 0.20% of their portfolio BERWYN, PA 224,222224.2k $17.6m $17.6m 0.20% Reduced -1.1k -1,102
41 Janney Capital Management LLC 1.09% of their portfolio PITTSBURGH, PA 219,596219.6k $17.3m $17.3m 1.09% Reduced -5.3k -5,295
42 Mariner, LLC 0.02% of their portfolio Overland Park, KS 205,187205.2k $16.1m $16.1m 0.02% Added +5.8k +5,808
43 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 203,756203.8k $16.0m $16.0m 0.02% Added +5.8k +5,830
44 Promethos Capital, LLC 4.28% of their portfolio BOSTON, MA 199,432199.4k $15.7m $15.7m 4.28% Reduced -9.4k -9,379
45 CWM, LLC 0.04% of their portfolio OMAHA, NE 182,875182.9k $14.4m $14.4m 0.04% Added +60.2k +60,167
46 HRT FINANCIAL LP 0.06% of their portfolio NEW YORK, NY 176,364176.4k $13.9m $13.9m 0.06% New
47 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 169,065169.1k $13.3m $13.3m 0.01% New
48 Pathstone Holdings, LLC 0.05% of their portfolio ENGLEWOOD, NJ 166,928166.9k $13.1m $13.1m 0.05% Added +3.9k +3,942
49 American Assets Investment Management, LLC 0.91% of their portfolio SAN DIEGO, CA 166,918166.9k $13.1m $13.1m 0.91% Unchanged
50 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 165,949165.9k $13.1m $13.1m 0.02% Added +15.0k +14,953
51 RITHOLTZ WEALTH MANAGEMENT 0.23% of their portfolio NEW YORK, NY 160,760160.8k $12.6m $12.6m 0.23% Added +20.4k +20,406
52 Ethic Inc. 0.19% of their portfolio NEW YORK, NY 154,598154.6k $12.2m $12.2m 0.19% Added +3.5k +3,528
53 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 146,375146.4k $11.5m $11.5m 0.00% Reduced -91.7k -91,708
54 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 145,262145.3k $11.4m $11.4m 0.02% Added +142.1k +142,149
55 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 143,600143.6k $11.3m $11.3m 0.02% Added +39.5k +39,500
56 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 137,776137.8k $10.8m $10.8m 0.01% Added +4.5k +4,525
57 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 133,746133.7k $10.5m $10.5m 0.01% Added +33.6k +33,567
58 Vanguard Personalized Indexing Management, LLC 0.10% of their portfolio OAKLAND, CA 130,851130.9k $10.3m $10.3m 0.10% Added +6.0k +6,016
59 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 124,815124.8k $9.8m $9.8m 0.00% Added +14.5k +14,505
60 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 123,369123.4k $9.7m $9.7m 0.02% Added +13.4k +13,443
61 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 122,012122.0k $9.6m $9.6m 0.01% Added +5.6k +5,644
62 M&T Bank Corp 0.03% of their portfolio BUFFALO, NY 120,296120.3k $9.5m $9.5m 0.03% Added +57 +57
63 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 120,252120.3k $9.5m $9.5m 0.01% Added +12.2k +12,212
64 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 115,628115.6k $9.1m $9.1m 0.01% Added +4.6k +4,624
65 Manatuck Hill Partners, LLC 2.96% of their portfolio WESTPORT, CT 107,448107.4k $8.5m $8.5m 2.96% Unchanged
66 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 106,622106.6k $8.4m $8.4m 0.01% Reduced -384.3k -384,300
67 HENNESSY ADVISORS INC 0.28% of their portfolio NOVATO, CA 100,800100.8k $7.9m $7.9m 0.28% Reduced -5.6k -5,600
68 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 100,752100.8k $7.9m $7.9m 0.01% Added +46.6k +46,648
69 Orion Porfolio Solutions, LLC 0.06% of their portfolio OMAHA, NE 98,92898.9k $7.8m $7.8m 0.06% Added +21.0k +20,990
70 Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio Boston, MA 98,64998.6k $7.8m $7.8m 0.02% Reduced -237.1k -237,097
71 Laird Norton Wetherby Trust Company, LLC 0.16% of their portfolio Seattle, WA 97,51097.5k $7.7m $7.7m 0.16% New
72 Campbell & CO Investment Adviser LLC 0.36% of their portfolio BALTIMORE, MD 94,33194.3k $7.4m $7.4m 0.36% New
73 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 87,47287.5k $6.9m $6.9m 0.01% Added +2.5k +2,482
74 Tredje AP-fonden 0.05% of their portfolio SE-111 91 STOCKHOLM, V7 86,86986.9k $6.8m $6.8m 0.05% New
75 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 85,77185.8k $6.7m $6.7m 0.01% Added +30.3k +30,342
76 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 84,94384.9k $6.7m $6.7m 0.01% New
77 TD Waterhouse Canada Inc. 0.04% of their portfolio TORONTO, A6 83,64783.6k $6.6m $6.6m 0.04% Added +749 +749
78 Callan Family Office, LLC 0.13% of their portfolio RADNOR, PA 78,45878.5k $6.2m $6.2m 0.13% Added +22.1k +22,121
79 FACTORY MUTUAL INSURANCE CO 0.06% of their portfolio WALTHAM, MA 77,55277.6k $6.1m $6.1m 0.06% Unchanged
80 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 76,92576.9k $6.1m $6.1m 0.01% Added +14.3k +14,300
81 Brooklyn Investment Group 0.28% of their portfolio NEW YORK, NY 76,18676.2k $6.0m $6.0m 0.28% Added +50.4k +50,407
82 Compound Planning, Inc. 0.17% of their portfolio NEW YORK, NY 74,63474.6k $5.9m $5.9m 0.17% Added +6.1k +6,099
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 74,37874.4k $5.9m $5.9m 0.00% Added +8.1k +8,100
84 Vident Advisory, LLC 0.05% of their portfolio Alpharetta, GA 73,45273.5k $5.8m $5.8m 0.05% Reduced -3.0k -2,968
85 Naviter Wealth, LLC 0.74% of their portfolio LITTLE ROCK, AR 72,20272.2k $5.7m $5.7m 0.74% Reduced -14.5k -14,503
86 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 69,50169.5k $5.5m $5.5m 0.01% Added +5.7k +5,727
87 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 69,05969.1k $5.4m $5.4m 0.00% Added +25.1k +25,062
88 Generali Investments CEE, investicni spolecnost, a.s. 0.37% of their portfolio PRAGUE, 2N 67,32267.3k $5.3m $5.3m 0.37% Reduced -4.7k -4,678
89 Caprock Group, LLC 0.11% of their portfolio BOISE, ID 65,42965.4k $5.1m $5.1m 0.11% Added +5.9k +5,860
90 NewEdge Wealth, LLC 0.06% of their portfolio STAMFORD, CT 63,86463.9k $5.0m $5.0m 0.06% Added +9.0k +9,009
91 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 62,84662.8k $4.9m $4.9m 0.00% Added +9.6k +9,595
92 Sequoia Financial Advisors, LLC 0.03% of their portfolio Akron, OH 61,72361.7k $4.9m $4.9m 0.03% Added +294 +294
93 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 61,58961.6k $4.8m $4.8m 0.00% Added +485 +485
94 Old Port Advisors 1.15% of their portfolio PORTLAND, ME 59,55359.6k $4.7m $4.7m 1.15% Added +292 +292
95 SIGNATUREFD, LLC 0.07% of their portfolio ATLANTA, GA 58,87358.9k $4.6m $4.6m 0.07% Reduced -360 -360
96 Vise Technologies, Inc. 0.09% of their portfolio NEW YORK, NY 58,86558.9k $4.6m $4.6m 0.09% Added +19.9k +19,928
97 Parallax Volatility Advisers, L.P. 0.14% of their portfolio San Francisco, CA 58,77058.8k $4.6m $4.6m 0.14% Added +15.1k +15,062
98 Limestone Investment Advisors LP 2.97% of their portfolio NEW YORK, NY 56,03756.0k $4.4m $4.4m 2.97% Reduced -13.0k -13,000
99 Americana Partners, LLC 0.12% of their portfolio Houston, TX 54,48254.5k $4.3m $4.3m 0.12% Reduced -394 -394
100 WCG Wealth Advisors LLC 0.12% of their portfolio LAS VEGAS, NV 53,70153.7k $4.2m $4.2m 0.12% Added +29.2k +29,229