HSBC Expands Latin American Presence with Grupo Galicia Investment

Rhea-AI Filing Summary

HSBC Holdings PLC has filed an amended Schedule 13G (Amendment No. 1) regarding its ownership position in Grupo Financiero Galicia SA. The filing discloses that HSBC holds 1,163,480 Class B Ordinary Shares in the form of 116,348 American Depositary Shares (ADSs), where each ADS represents ten Class B Ordinary Shares.

Key ownership details:

• Beneficial ownership represents 0.1% of outstanding shares
• Sole voting power: 1,163,480 shares
• Sole dispositive power: 1,163,480 shares
• No shared voting or dispositive power

The ownership percentage was calculated based on 1,325,032,079 Class B Ordinary Shares outstanding as of June 2, 2025. HSBC certifies that the securities were not acquired to influence control of the issuer. The filing was triggered by an event dated June 12, 2025, and was signed by Hannah Ashdown, Company Secretary, on June 20, 2025.

Positive

• None.

Negative

• HSBC Holdings reduced its position in Grupo Financiero Galicia to just 0.1% ownership (1,163,480 shares), indicating decreased institutional interest in the stock

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

GRUPO FINANCIERO GALICIA SA

(Name of Issuer)

Class B Ordinary Shares, par value Ps. 1.00 per share

(Title of Class of Securities)

399909100

(CUSIP Number)

06/12/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 399909100

1

Names of Reporting Persons

HSBC HOLDINGS PLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,163,480.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,163,480.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,163,480.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The information set forth herein consists of 1,163,480 Class B Ordinary Shares held in the form of 116,348 American Depositary Shares (each representing ten (10) Class B Ordinary Shares). See Item 4 below.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GRUPO FINANCIERO GALICIA SA
(b)	Address of issuer's principal executive offices: TTE. GRAL. JUAN D. PERON 430 25TH FLOOR
Item 2.
(a)	Name of person filing: HSBC Holdings plc
(b)	Address or principal business office or, if none, residence: 8 Canada Square, London E14 5HQ, United Kingdom
(c)	Citizenship: Incorporated in England with limited liability
(d)	Title of class of securities: Class B Ordinary Shares, par value Ps. 1.00 per share
(e)	CUSIP No.: 399909100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The 1,163,480 Class B Ordinary Shares beneficially owned by the Reporting Person are held in the form of 116,348 ADSs. The percent of class beneficially owned by the Reporting Person was calculated assuming 1,325,032,079 Class B Ordinary Shares outstanding as of June 2, 2025, as reported in the Issuer's prospectus supplement on Form 424(b)(3), filed with the Securities and Exchange Commission on June 10, 2025.
(b)	Percent of class: 0.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,163,480
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,163,480
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. HSBC Bank plc Internationale Kapitalanlagegesellschaft mit beschrankter Haftung
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HSBC HOLDINGS PLC

Signature:	/s/ Hannah Ashdown
Name/Title:	Hannah Ashdown/Company Secretary
Date:	06/20/2025

FAQ

How many shares of GGAL does HSBC Holdings own as of June 2025?

According to the 13G/A filing, HSBC Holdings owns 1,163,480 Class B Ordinary Shares of GGAL, held in the form of 116,348 American Depositary Shares (ADSs), where each ADS represents ten Class B Ordinary Shares.

What percentage of GGAL stock does HSBC Holdings control?

HSBC Holdings owns 0.1% of GGAL's Class B Ordinary Shares, calculated based on 1,325,032,079 Class B Ordinary Shares outstanding as of June 2, 2025.

Does HSBC have voting control over its GGAL shares?

Yes, HSBC Holdings has sole voting power and sole dispositive power over all 1,163,480 shares it owns, with no shared voting or dispositive power over any shares.

When did HSBC Holdings file this amended 13G for GGAL?

HSBC Holdings filed this Schedule 13G/A (Amendment No. 1) on June 28, 2025, reporting their ownership position as of the event date June 12, 2025.

What is the purpose of HSBC's investment in GGAL?

According to the certification in Item 10, HSBC certifies that the shares were not acquired for the purpose of changing or influencing control of GGAL, and are not held in connection with any transaction having that purpose or effect.