1y return+17.6%S&P 500 +20.9%
3y return+62.5%S&P 500 +68.5%
5y return+59.6%S&P 500 +74.5%
10y return+209.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $309 against $357 in the S&P 500.2
Hsbc Holdings PLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $15.5B | 7.5% | +24.0% |
| AAPLApple Inc | $11.0B | 5.3% | +7.8% |
| MSFTMicrosoft Corp | $10.2B | 4.9% | +14.3% |
| AMZNAmazon Com Inc | $6.1B | 2.9% | +9.1% |
| GOOGLAlphabet Inc | $5.9B | 2.9% | −8.2% |
| AVGOBroadcom Inc | $5.6B | 2.7% | +12.5% |
| MUMicron Technology Inc | $5.6B | 2.7% | −8.8% |
| GOOGAlphabet Inc | $5.4B | 2.6% | +19.6% |
| TSLATesla Inc | $4.6B | 2.2% | +42.9% |
| METAMeta Platforms Inc | $4.5B | 2.2% | +8.3% |
| AMDAdvanced Micro Devices Inc | $2.5B | 1.2% | |
| LLYEli Lilly & Co | $2.4B | 1.2% | +6.6% |
| JPMJpmorgan Chase & Co | $2.4B | 1.1% | +8.7% |
| VVisa Inc | $2.3B | 1.1% | |
| JNJJohnson & Johnson | $2.3B | 1.1% | +3.0% |
| CSCOCisco Sys Inc | $2.0B | 1.0% | −1.3% |
| INTCIntel Corp | $1.8B | 0.9% | +13.2% |
| LRCXLam Research Corp | $1.7B | 0.8% | +17.7% |
| BRK/BBerkshire Hathaway Inc Del | $1.7B | 0.8% | +1.7% |
| UNHUnitedhealth Group Inc | $1.7B | 0.8% | −30.2% |
| AMATApplied Matls Inc | $1.6B | 0.8% | −3.9% |
| KLACKla Corp | $1.2B | 0.6% | +969.9% |
| COSTCostco Wholesale Corporation | $1.2B | 0.6% | +14.0% |
| MRVLMarvell Technology Inc | $1.2B | 0.6% | +143.2% |
| ABBVAbbvie Inc | $1.0B | 0.5% | +7.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $15.5B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $5.6B |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $1.6B |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $2.5B |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $1.0B |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $959.0M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $2.4B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $819.2M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $1.7B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $5.9B |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $334.8M
- IXCIshares Tr was $269.9M
- CTRACoterra Energy Inc was $102.2M
- Masimo CorpCUSIP 574795100 was $84.3M
- Carnival CorpCUSIP 143658300 was $49.7M
- Hologic IncCUSIP 436440101 was $48.7M
- Proassurance CorpCUSIP 74267C106 was $38.9M
- Onestream IncCUSIP 68278B107 was $38.3M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $36.1M
- Sealed Air Corp NewCUSIP 81211K100 was $35.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.7% | +14.8% |
| March 31, 2026 | −4.7% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +8.2% | +7.8% |
| June 30, 2025 | +11.0% | +10.5% |
| March 31, 2025 | −4.6% | −4.6% |
| December 31, 2024 | +1.8% | +2.1% |
| September 30, 2024 | +5.4% | +5.4% |
| June 30, 2024 | +3.3% | +4.0% |
| March 31, 2024 | +9.2% | +10.0% |
| December 31, 2023 | +11.4% | +11.2% |
| September 30, 2023 | −3.3% | −3.6% |
| June 30, 2023 | +6.7% | +8.3% |
| March 31, 2023 | +7.2% | +7.0% |
| December 31, 2022 | +7.0% | +7.1% |
| September 30, 2022 | −6.0% | −5.3% |
| June 30, 2022 | −16.1% | −16.5% |
| March 31, 2022 | −5.9% | −4.9% |
| December 31, 2021 | +8.9% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Hsbc Holdings PLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=873630&type=13F-HR&dateb=&owner=include&count=40CIK 873630
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/873630/000087363026000004/Filed August 14, 2026 · accession 0000873630-26-000004