HSBC Holdings plc (HSBC) is one of the largest banking and financial institutions in the world. The company operates in approximately 4,400 offices in both emerging market economies and developed countries. Its lines of business include retail banking and wealth management, commercial banking, global banking and markets, and global private banking. As of Aug. 7, 2017, the U.K.-based company had a market capitalization of $191.36 billion. Its largest shareholders include several major global investment institutions.

1. Fisher Asset Management LLC

As of June 29, 2017, Fisher Asset Management held 13.5 million shares of HSBC. The stake is worth $596.6 million as of the close of trading on Aug. 3, 2017. Fisher Asset Management operates as a fee-based advisor for high-net-worth individuals and institutions. The firm, which is based in Camas, Washington, has offices in San Mateo and Woodside, California, London, England and Frankfurt, Germany.

Founded by Ken Fisher in 1979, Fisher Asset Management had about $67 billion in assets under management (AUM) in 2016. Fisher Asset Management's clients include approximately 35,000 high-net-worth individuals with about $34 billion in AUM, mostly in the United States, and 150 global institutions with about $29 billion in AUM. The firm also manages about $3 billion for individual investors in Europe.

2. Dimensional Fund Advisors LP

Dimension Fund Advisors LP held a stake in HSBC worth $416.2 million as of the close of trading on Aug. 3, 2017. The Austin, Texas-based institutional investment firm holds 13.2 million HSBC shares as of its latest Form-13F filing on March 30, 2017. Dimension has 12 global offices, and it managed about $415 billion in clients' funds, as of June 30, 2016.

The firm invests in a variety of asset classes, including equities, fixed income and commodities. In addition to institutional investors, the firm also provides services for financial advisors, consultants, defined-contribution plans and individual investors. Dimension was founded in 1981.

3. Cambiar Investors LLC

Cambiar Investors LLC held 4.6 million shares of HSBC as of June 29, 2017. The firm's stake is valued at $203.3 million as of the close of trading on Aug. 3, 2017. Cambiar was founded in 1973 and became a subsidiary of United Asset Management in 1990.

The firm provides both managed accounts and mutual funds to its customers. Cambiar offers investment opportunities by using seven different strategies that focus on companies from a variety of regions and with a range of market caps. The firm believes that short-term inefficiencies in markets create opportunities for its active managers.

4. Bank of America

Bank of America held 4.1 million shares of HSBC as of March, 30, 2017. The value of those shares was $171.5 million as of August 3, 2017. The company operates four segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets. The company began operations in 1874, and is headquartered in Charlotte, North Carolina. Bank of America has 4,600 financial centers, and a market capitalization of $245.47 billion.

5. Royal Bank of Canada

Royal Bank of Canada held 4.1 million shares of HSBC as of March 30, 2017. These shares were valued at $170.8 million as of market close on August 3, 2017. The company offers services that include banking, insurance, capital markets, investing, and wealth management.

Despite the name, Royal Bank of Canada operates on an international basis. It is one of Canada’s largest banks, as well as being one of the largest banks globally. The company claims to have 16 million clients. Royal Bank of Canada has a market capitalization of $99.66 billion.

The Bottom Line

Banks invest in each other. As this list suggests, the health of the world financial system affects investment companies and banks far beyond the confines of HSBC.

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