Should HSBC’s Top Institutional Shareholders Be Concerned About These Layoffs?

HSBC (NYSE:HBC): In continuing efforts to cut costs, the bank is slimming its U.K. workforce by 1,149, mostly in the wealth management division. In total, the bank employs 47,000 people in Britain, and total layoffs globally are approaching 35,000 in efforts to make the bank more agile and cut its expenses. Understandably, not everyone is happy with the bank’s actions. ”HSBC is making staff suffer in the search for ever greater profits. The bank’s behavior is a disgrace,” said union officer Dominic Hook.

These institutional firms indicated owning shares of HSBC Holdings Plc in Q1 2013. They reported owning a total of 28.36 million shares on 03/31/2013. The shares closed at $53.34 on 03/31/2013.

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Here are the ten largest positions in HSBC Holdings plc at the end of March 31st, 2013.

Fisher Asset Management LLC held 12,384,725 shares on 03/31/2013 worth $660,601,000. This brought the portfolio total to 1.76%.

Schafer Cullen Capital Management Inc. held 3,582,371 shares on 03/31/2013 worth $191,084,000. This brought the portfolio total to 2.44%.

Mercator Asset Management L.P. held 2,098,667 shares on 03/31/2013 worth $111,942,898. This brought the portfolio total to 28.16%.

Cullen Capital Management LLC held 1,577,980 shares on 03/31/2013 worth $84,169,000. This brought the portfolio total to 2.72%.

Hansberger Global Investors Inc. held 1,304,942 shares on 03/31/2013 worth $69,605,606. This brought the portfolio total to 13.04%.

Bank of New York Mellon Corp. held 1,300,516 shares on 03/31/2013 worth $69,369,524. This brought the portfolio total to 0.02%.

Harding Loevner L.P. held 753,108 shares on 03/31/2013 worth $40,170,781. This brought the portfolio total to 0.4%.

Parametric Portfolio Associates LLC held 652,109 shares on 03/31/2013 worth $34,783,494. This brought the portfolio total to 0.11%.

Johnston Asset Management Corp. held 565,160 shares on 03/31/2013 worth $30,145,634. This brought the portfolio total to 1.98%.

World Asset Management Inc. held 436,417 shares on 03/31/2013 worth $23,278,483. This brought the portfolio total to 0.47%.

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