Style
CoreTurnover
Orientation
Diversified activeHSBC Holdings employs a large-cap, growth-oriented investment style, evidenced by its top holdings concentrated in mega-cap technology stocks. The portfolio is heavily weighted toward the Technology sector at 32.1%, with NVIDIA as the largest single position at 5.7%, followed by Apple and Microsoft, reflecting a conviction in dominant platform companies. This concentrated exposure in a narrow set of high-growth names, combined with a modest healthcare and financial services allocation, reveals a strategy that prioritizes sector-specific bets over broad diversification. The manager’s long-term philosophy is demonstrated by maintaining substantial positions in these core holdings across varying market conditions, suggesting a conviction-driven approach rooted in secular growth themes.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 77,642,992 | $15.5B | 6.47% |
| 2 | Apple Inc(AAPL) | 38,131,656 | $11.0B | 4.61% |
| 3 | Microsoft Corp(MSFT) | 27,403,554 | $10.2B | 4.27% |
| 4 | Amazon COM Inc(AMZN) | 25,618,612 | $6.1B | 2.55% |
Latest filing, equity positions only
| 5 |
| Alphabet Inc(GOOGL) |
| 16,612,890 |
| $5.9B |
| 2.48% |
| 6 | Broadcom Inc(AVGO) | 14,781,948 | $5.6B | 2.33% |
| 7 | Micron Technology Inc(MU) | 4,807,719 | $5.6B | 2.32% |
| 8 | Alphabet Inc(GOOG) | 15,167,431 | $5.4B | 2.24% |
| 9 | Tesla Inc(TSLA) | 10,854,642 | $4.6B | 1.90% |
| 10 | Meta Platforms Inc(META) | 8,052,786 | $4.5B | 1.89% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 32.4% | 37.47% | +5.07% |
| Energy | 3.28% | 2.39% | -0.89% |
| Financial Services | 11.25% | 10.41% | -0.84% |
| Healthcare | 8.96% | 8.12% | -0.84% |
| Communication Services | 10.11% | 9.51% | -0.6% |
| Consumer Defensive | 4.04% | 3.46% | -0.58% |
| Consumer Cyclical | 9.88% | 9.48% | -0.4% |
| Utilities | 2.47% | 2.12% | -0.35% |
| Real Estate | 3.37% | 3.12% | -0.25% |
| Basic Materials | 1.67% | 1.42% | -0.25% |
| Industrials | 6.86% | 6.75% | -0.11% |
| Unclassified | 5.72% | 5.73% | +0.01% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 55.11% | 57.34% | +2.23% |
| Large Cap | 36.61% | 34.55% | -2.06% |
| Unclassified | 5.72% | 5.73% | +0.01% |
| Mid Cap | 2.14% | 1.97% | -0.17% |
| Small Cap | 0.39% | 0.38% | -0.01% |
| Micro Cap | 0.02% | 0.02% | 0% |
Quarter-over-quarter position changes