HSBC

Key Takeaways

• HSBC runs a capital-return machine: an ordinary dividend set at half of attributable profit, plus buybacks that have shrunk the share count about 3.6% a year over the last four years, all funded by a restructuring that redeploys cost savings toward Asia [Source: HSBC FY2025 20-F]. • The risk sits in the price: a price-to-book close to 2x, near the top of the peer group, for a bank earning about 9.6% on its equity, a return-on-book bet that sits at the most demanding end of the range. • Near-te

Institutional ownership

633 institutional managers reported holding HSBC in 13F filings for the quarter ended 2026-03-31. Together they hold about 2% of the company; the top 10 hold 2%. 74 opened new positions that quarter. Held by Fisher Investments, Dimensional Fund Advisors, Morgan Stanley, among others. On the short side, 6.4M shares were sold short as of the 2026-06-15 count, about 0.2% of shares outstanding (3.1 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

HSBC has cut its share count 13.7% over the past five years. It pays a dividend, and has paid one every year in our records (11 and counting). Cash returned over the past three years: $64.63B in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at HSBC over the trailing three years: 2026: 1 buy totaling $0k. 1 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

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