CONTRARIAN CAPITAL MANAGEMENT, L.L.C.: HSBC HLDGS PLC (HSBC): Quarterly 13F Position History
As of Q1 2026, CONTRARIAN CAPITAL MANAGEMENT, L.L.C. reported 481,063 shares of HSBC HLDGS PLC (HSBC), worth $39.7M and representing 11.1% of its 13F equity book. Quarter-over-quarter share count change: 784,593 (-62.0%) . The position first appeared in Q4 2024 and has been disclosed across 6 13F-HR filings in Pactolio's tracked window.
- 481,063Shares Held (Latest Filing)
- $39.7MReported Market Value (Latest Filing)
- 11.1%Portfolio Weight (% of 13F Equity Book)
- 784,593Quarter-over-Quarter Share Change
- -$59.9MQuarter-over-Quarter Value Change
- 1,265,656Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 6 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 481,063 | 784,593 | -62.0% | $39.7M | 11.1% | $82.5 |
| Q4 2025 | 1,265,656 | 0 | — | $99.6M | 26.2% | $78.7 |
| Q3 2025 | 1,265,656 | 0 | — | $89.8M | 22.7% | $71.0 |
| Q2 2025 | 1,265,656 | 0 | — | $76.9M | 22.0% | $60.8 |
| Q1 2025 | 1,265,656 | +1,024,780 | +425.4% | $72.7M | 18.7% | $57.4 |
| Q4 2024 | 240,876 | — | — | $11.9M | 4.0% | $49.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did CONTRARIAN CAPITAL MANAGEMENT, L.L.C. first disclose a HSBC position in 13F-HR filings?
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. first reported HSBC HLDGS PLC (HSBC) on its 13F-HR filing for the period ending 2024-12-31 (Q4 2024). The position has appeared on 6 reported quarters within Pactolio's tracked window.
What was CONTRARIAN CAPITAL MANAGEMENT, L.L.C.'s most recent quarter-over-quarter share-count change in HSBC?
Between Q4 2025 and Q1 2026, CONTRARIAN CAPITAL MANAGEMENT, L.L.C. reduced its HSBC position by 784,593 shares (-62.0%), leaving 481,063 shares at a market value of $39.7M.
Does the implied price-per-share represent CONTRARIAN CAPITAL MANAGEMENT, L.L.C.'s cost basis in HSBC?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.