HSBC HOLDINGS PLC

HSBC Holdings reported $191.6B across 8,884 positions for Q1 2026, easing from $196.2B. The book stays megacap-led — NVIDIA (6.80%), Microsoft (5.65%) and Apple (5.14%) — but the quarter's standout moves were aggressive semiconductor builds: Taiwan Semiconductor (+$1.7B) and Micron (+$1.3B) were the largest increases, joined by new positions in Lumentum ($814M) and Caterpillar ($643M). Offsetting trims hit Amazon (-$1.7B), Microsoft (-$1.1B) and Apple (-$921M).