Vault-13

HDFC BANK LTD HDB

SPONSORED ADS · ADR · CUSIP 40415F101 · ISIN US40415F1012

Indian private sector bank

644 institutional holders +11 vs Q1 2025
353,001,329353.0m shares reported held*
$27.1bnreported value*
72 new 253 added 220 reduced 60 sold out net bought ≈ $811.5m (-12.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($301.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.68. Options: 10 managers hold calls ($150.1m notional), 11 hold puts ($48.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 482Q4 22: 513Q1 23: 524Q2 23: 540Q3 23: 537Q4 23: 563Q1 24: 570Q2 24: 574Q3 24: 603Q4 24: 636Q1 25: 633Q2 25: 644644Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022482
Q4 2022513
Q1 2023524
Q2 2023540
Q3 2023537
Q4 2023563
Q1 2024570
Q2 2024574
Q3 2024603
Q4 2024636
Q1 2025633
Q2 2025644

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 265 bought or addedQ3 23: 245 cut or sold outQ4 23: 305 bought or addedQ4 23: 212 cut or sold outQ4 23Q1 24: 296 bought or addedQ1 24: 273 cut or sold outQ2 24: 309 bought or addedQ2 24: 237 cut or sold outQ2 24Q3 24: 314 bought or addedQ3 24: 236 cut or sold outQ4 24: 312 bought or addedQ4 24: 254 cut or sold outQ4 24Q1 25: 284 bought or addedQ1 25: 316 cut or sold outQ2 25: 325 bought or addedQ2 25: 280 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023265245
Q4 2023305212
Q1 2024296273
Q2 2024309237
Q3 2024314236
Q4 2024312254
Q1 2025284316
Q2 2025325280

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150m$200mQ3 24 calls: $57.3mQ3 24 puts: $84.9mQ3 24P/C 1.48Q4 24 calls: $49.0mQ4 24 puts: $56.9mQ4 24P/C 1.16Q1 25 calls: $38.3mQ1 25 puts: $31.5mQ1 25P/C 0.82Q2 25 calls: $150.1mQ2 25 puts: $48.4mQ2 25P/C 0.32
Numbers
QuarterCallsPutsP/C
Q3 2024$57.3m$84.9m1.48
Q4 2024$49.0m$56.9m1.16
Q1 2025$38.3m$31.5m0.82
Q2 2025$150.1m$48.4m0.32

Biggest buyers

ROYAL BANK OF CANADA Added +17,363,351+17.4m
GQG Partners LLC Added +8,753,472+8.8m
M&G PLC Added +2,208,824+2.2m
WELLINGTON MANAGEMENT GROUP LLP Added +2,025,194+2.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +1,692,243+1.7m
FMR LLC Added +1,663,597+1.7m
Driehaus Capital Management LLC New +1,429,661+1.4m
Boston Partners New +1,408,128+1.4m
Fisher Asset Management, LLC Added +1,294,032+1.3m
PGGM Investments Added +1,206,592+1.2m

Biggest sellers

New Vernon Capital Holdings II LLC Reduced -22,934,440-22.9m
MORGAN STANLEY Reduced -5,183,564-5.2m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -4,120,006-4.1m
NATIONAL BANK OF CANADA /FI/ Reduced -3,460,211-3.5m
BANK OF AMERICA CORP /DE/ Reduced -3,378,263-3.4m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -2,840,300-2.8m
MILLENNIUM MANAGEMENT LLC Reduced -2,713,596-2.7m
FIL Ltd Reduced -1,552,211-1.6m
LMR Partners LLP Sold out -1,470,906-1.5m
EMINENCE CAPITAL, LP Sold out -1,186,551-1.2m

Biggest calls

PEAK6 LLC Added $52.0m678.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $30.0m390.9k shares
Walleye Trading LLC Added $22.6m295.4k shares
JANE STREET GROUP, LLC Added $21.3m278.0k shares
GROUP ONE TRADING LLC Added $12.0m156.2k shares
SIMPLEX TRADING, LLC Added $6.9m90.3k shares
CITADEL ADVISORS LLC Reduced $2.7m35.3k shares
WOLVERINE TRADING, LLC New $1.6m20.4k shares
Walleye Capital LLC Added $996.7k13.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $24.7m321.7k shares
JANE STREET GROUP, LLC Added $9.8m127.7k shares
PEAK6 LLC Added $3.8m50.0k shares
Walleye Trading LLC Reduced $2.7m34.8k shares
GROUP ONE TRADING LLC Added $2.6m33.4k shares
CITADEL ADVISORS LLC Reduced $1.5m20.2k shares
Walleye Capital LLC Added $1.3m17.3k shares
BARCLAYS PLC New $766.7k10.0k shares
WOLVERINE TRADING, LLC New $701.0k9.1k shares
SIMPLEX TRADING, LLC Reduced $536.0k7.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.21% of their portfolio TORONTO, A6 28,578,06228.6m $2.2bn $2.2bn 0.21% Added +17.4m +17,363,351
2 GQG Partners LLC 2.72% of their portfolio FT. LAUDERDALE, FL 24,950,46425.0m $1.9bn $1.9bn 2.72% Added +8.8m +8,753,472
3 FIL Ltd 0.93% of their portfolio HAMILTON, D0 14,189,99914.2m $1.1bn $1.1bn 0.93% Reduced -1.6m -1,552,211
4 Harding Loevner LP 7.30% of their portfolio Bridgewater, NJ 14,156,27214.2m $1.1bn $1.1bn 7.30% Reduced -368.4k -368,410
5 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 12,098,70112.1m $927.6m $927.6m 0.06% Reduced -5.2m -5,183,564
6 SCHRODER INVESTMENT MANAGEMENT GROUP 0.69% of their portfolio London, X0 10,614,70810.6m $813.8m $813.8m 0.69% Added +1.7m +1,692,243
7 FMR LLC 0.04% of their portfolio BOSTON, MA 9,473,7029.5m $726.3m $726.3m 0.04% Added +1.7m +1,663,597
8 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 9,395,8939.4m $720.4m $720.4m 0.05% Reduced -220.8k -220,820
9 Temasek Holdings (Private) Ltd 2.64% of their portfolio SINGAPORE, U0 8,895,6628.9m $682.0m $682.0m 2.64% Unchanged
10 Sustainable Growth Advisers, LP 2.92% of their portfolio STAMFORD, CT 7,366,6837.4m $564.8m $564.8m 2.92% Reduced -436.8k -436,814
11 WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio Boston, MA 6,769,1946.8m $519.0m $519.0m 0.09% Added +2.0m +2,025,194
12 FRANKLIN RESOURCES INC 0.14% of their portfolio San Mateo, CA 6,737,5036.7m $516.6m $516.6m 0.14% Added +21.7k +21,706
13 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 6,222,2096.2m $477.1m $477.1m 0.08% Added +173.2k +173,249
14 LAZARD ASSET MANAGEMENT LLC 0.58% of their portfolio NEW YORK, NY 5,523,9625.5m $423.5m $423.5m 0.58% Added +1.0m +1,002,394
15 BROWN ADVISORY INC 0.55% of their portfolio BALTIMORE, MD 5,405,0475.4m $414.4m $414.4m 0.55% Added +637.6k +637,593
16 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.13% of their portfolio Boston, MA 5,398,9925.4m $413.9m $413.9m 0.13% Reduced -851.1k -851,101
17 Fiera Capital Corp 1.24% of their portfolio MONTREAL, A8 4,773,4264.8m $366.0m $366.0m 1.24% Reduced -259.5k -259,456
18 Robeco Institutional Asset Management B.V. 0.57% of their portfolio ROTTERDAM, P7 4,637,9824.6m $355.6m $355.6m 0.57% Added +348.3k +348,294
19 Fisher Asset Management, LLC 0.14% of their portfolio PLANO, TX 4,536,8244.5m $347.8m $347.8m 0.14% Added +1.3m +1,294,032
20 PineStone Asset Management Inc. 2.02% of their portfolio Montreal, A8 4,074,4674.1m $312.4m $312.4m 2.02% Added +105.4k +105,428
21 C WorldWide Group Holding A/S 4.17% of their portfolio COPENHAGEN, G7 4,017,8234.0m $308.0m $308.0m 4.17% Reduced -649.6k -649,554
22 Kontiki Capital Management (HK) Ltd. 16.45% of their portfolio Hong Kong, K3 3,757,6743.8m $288.1m $288.1m 16.45% Added +23.8k +23,820
23 BAILLIE GIFFORD & CO 0.20% of their portfolio EDINBURGH, X0 3,453,7093.5m $264.8m $264.8m 0.20% Reduced -108.4k -108,364
24 M&G PLC 1.45% of their portfolio London, X0 3,407,9293.4m $262.4m $262.4m 1.45% Added +2.2m +2,208,824
25 Trinity Street Asset Management LLP 17.17% of their portfolio LONDON, X0 3,263,2003.3m $250.2m $250.2m 17.17% Reduced -378.8k -378,800
26 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,097,8483.1m $237.5m $237.5m 0.02% Reduced -3.4m -3,378,263
27 Dodge & Cox 0.13% of their portfolio San Francisco, CA 2,982,4003.0m $228.7m $228.7m 0.13% Reduced -249.9k -249,900
28 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,906,2062.9m $222.8m $222.8m 0.00% Added +178.2k +178,185
29 SANDS CAPITAL MANAGEMENT, LLC 0.63% of their portfolio ARLINGTON, VA 2,883,3352.9m $221.1m $221.1m 0.63% Reduced -27.9k -27,855
30 MARTIN CURRIE LTD 8.35% of their portfolio EDINBURGH, X0 2,838,9422.8m $217.7m $217.7m 8.35% Reduced -33.7k -33,710
31 Northcape Capital Pty Ltd 27.48% of their portfolio SYDNEY, C3 2,815,4952.8m $215.9m $215.9m 27.48% First filing
32 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 2,664,1562.7m $204.3m $204.3m 0.05% Reduced -50.5k -50,467
33 ALTRINSIC GLOBAL ADVISORS LLC 7.38% of their portfolio Stamford, CT 2,658,4052.7m $203.8m $203.8m 7.38% Added +114.6k +114,647
34 SEI INVESTMENTS CO 0.23% of their portfolio OAKS, PA 2,630,9142.6m $201.7m $201.7m 0.23% Added +193.4k +193,396
35 Russell Investments Group, Ltd. 0.25% of their portfolio Seattle, WA 2,575,9472.6m $197.5m $197.5m 0.25% Added +34.8k +34,834
36 Clearbridge Investments, LLC 0.16% of their portfolio NEW YORK, NY 2,512,9072.5m $192.7m $192.7m 0.16% Added +568.5k +568,469
37 NATIXIS ADVISORS, LLC 0.29% of their portfolio Boston, MA 2,391,4392.4m $183.4m $183.4m 0.29% Added +152.9k +152,879
38 ROYAL LONDON ASSET MANAGEMENT LTD 0.42% of their portfolio UNITED KINGDOM, X0 2,387,9432.4m $183.1m $183.1m 0.42% Added +235.3k +235,334
39 Capital Research Global Investors 0.04% of their portfolio Los Angeles, CA 2,307,2152.3m $176.9m $176.9m 0.04% Reduced -202.4k -202,406
40 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 2,230,5732.2m $171.0m $171.0m 0.03% Reduced -15.2k -15,173
41 CCLA Investment Management 2.68% of their portfolio LONDON, X0 2,131,0312.1m $163.3m $163.3m 2.68% Added +130.4k +130,410
42 Capital World Investors 0.02% of their portfolio LOS ANGELES, CA 2,101,5552.1m $161.2m $161.2m 0.02% Reduced -1.7k -1,687
43 Aikya Investment Management Ltd 47.06% of their portfolio LONDON, X0 2,047,0562.0m $156.9m $156.9m 47.06% Added +25.6k +25,597
44 Hardman Johnston Global Advisors LLC 6.60% of their portfolio Stamford, CT 1,940,6241.9m $148.8m $148.8m 6.60% Reduced -310.2k -310,200
45 PGGM Investments 2.53% of their portfolio ZEIST, P7 1,899,9541.9m $145.7m $145.7m 2.53% Added +1.2m +1,206,592
46 Artisan Partners Limited Partnership 0.21% of their portfolio Milwaukee, WI 1,828,8381.8m $140.2m $140.2m 0.21% Reduced -481 -481
47 JARISLOWSKY, FRASER Ltd 0.80% of their portfolio MONTREAL, A8 1,815,4481.8m $139.2m $139.2m 0.80% Added +46.6k +46,571
48 Nuveen, LLC 0.04% of their portfolio CHARLOTTE, NC 1,738,7581.7m $133.3m $133.3m 0.04% Reduced -945.5k -945,504
49 BESSEMER GROUP INC 0.22% of their portfolio WOODBRIDGE, NJ 1,730,0891.7m $132.6m $132.6m 0.22% Added +1.1m +1,143,554
50 AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio KANSAS CITY, MO 1,728,6591.7m $132.5m $132.5m 0.07% Added +611.6k +611,557
51 MANNING & NAPIER ADVISORS LLC 1.58% of their portfolio Fairport, NY 1,725,7901.7m $132.3m $132.3m 1.58% Reduced -412.1k -412,062
52 Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio CHIYODA-KU, TOKYO, M0 1,585,1281.6m $121.5m $121.5m 0.08% Added +267.8k +267,782
53 Allspring Global Investments Holdings, LLC 0.20% of their portfolio CHARLOTTE, NC 1,554,2561.6m $119.2m $119.2m 0.20% Reduced -213.8k -213,808
54 Charles-Lim Capital Ltd 28.66% of their portfolio CENTRAL, K3 1,500,0001.5m $115.0m $115.0m 28.66% Reduced -250.0k -250,000
55 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,447,5911.4m $111.0m $111.0m 0.02% Reduced -656.5k -656,547
56 Driehaus Capital Management LLC 0.88% of their portfolio Chicago, IL 1,429,6611.4m $109.6m $109.6m 0.88% New
57 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 1,413,9301.4m $108.4m $108.4m 0.03% Added +99.3k +99,347
58 Boston Partners 0.12% of their portfolio BOSTON, MA 1,408,1281.4m $108.0m $108.0m 0.12% New
59 Mawer Investment Management Ltd. 0.55% of their portfolio CALGARY, A0 1,408,0231.4m $108.0m $108.0m 0.55% Added +38.7k +38,653
60 Formuepleje A/S 5.21% of their portfolio AARHUS C, G7 1,374,3611.4m $91.3m $91.3m 5.21% Unchanged
61 DJE Kapital AG 2.53% of their portfolio 82049 PULLACH, 2M 1,366,4921.4m $104.0m $104.0m 2.53% Added +577.3k +577,274
62 Connor, Clark & Lunn Investment Management Ltd. 0.37% of their portfolio VANCOUVER, A1 1,365,0391.4m $104.7m $104.7m 0.37% Added +46.5k +46,509
63 CIBC Private Wealth Group LLC 0.17% of their portfolio ATLANTA, GA 1,240,3831.2m $95.1m $95.1m 0.17% Added +42.0k +41,976
64 EARNEST PARTNERS LLC 0.42% of their portfolio ATLANTA, GA 1,209,3331.2m $92.7m $92.7m 0.42% Reduced -25.7k -25,651
65 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,206,8251.2m $92.5m $92.5m 0.03% Added +58.2k +58,239
66 Baird Financial Group, Inc. 0.16% of their portfolio MILWAUKEE, WI 1,202,6391.2m $92.2m $92.2m 0.16% Added +182.2k +182,211
67 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,198,9911.2m $91.9m $91.9m 0.00% Reduced -179.7k -179,680
68 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 1,180,9271.2m $90.5m $90.5m 0.04% Added +253.1k +253,080
69 State of New Jersey Common Pension Fund D 0.35% of their portfolio TRENTON, NJ 1,170,2231.2m $89.7m $89.7m 0.35% Added +13.8k +13,825
70 STEADFAST CAPITAL MANAGEMENT LP 1.63% of their portfolio NEW YORK, NY 1,139,5001.1m $87.4m $87.4m 1.63% Reduced -118.7k -118,700
71 1832 Asset Management L.P. 0.15% of their portfolio TORONTO, A6 1,113,6001.1m $85.4m $85.4m 0.15% Reduced -84.6k -84,579
72 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 1,108,9231.1m $85.0m $85.0m 0.08% Reduced -2.7m -2,713,596
73 Perpetual Ltd 0.99% of their portfolio SYDNEY, NEW SOUTH WALES, C3 1,101,8341.1m $84.5m $84.5m 0.99% Added +15.2k +15,227
74 Intermede Investment Partners Ltd 2.69% of their portfolio LONDON, X0 1,083,1851.1m $83.0m $83.0m 2.69% Reduced -92.1k -92,110
75 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 1,048,3401.0m $80.4m $80.4m 0.06% Reduced -326.1k -326,147
76 ARGA Investment Management, LP 2.15% of their portfolio STAMFORD, CT 1,023,2011.0m $78.4m $78.4m 2.15% Reduced -530.8k -530,774
77 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 1,011,7151.0m $77.6m $77.6m 0.14% Added +891.3k +891,332
78 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio CHICAGO, IL 1,011,7081.0m $77.6m $77.6m 0.21% Reduced -147.6k -147,590
79 FLOSSBACH VON STORCH SE 0.31% of their portfolio COLOGNE, 2M 975,655975.7k $74.8m $74.8m 0.31% Reduced -73.9k -73,865
80 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 962,532962.5k $73.8m $73.8m 0.01% Reduced -76.2k -76,172
81 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 958,692958.7k $73.5m $73.5m 0.01% Reduced -141.8k -141,848
82 JANE STREET GROUP, LLC 0.12% of their portfolio NEW YORK, NY 954,373954.4k $73.2m $73.2m 0.12% New
83 Impax Asset Management Group plc 0.41% of their portfolio LONDON, X0 951,971952.0k $72.1m $72.1m 0.41% Reduced -90.0k -90,027
84 MACKENZIE FINANCIAL CORP 0.09% of their portfolio TORONTO ONTARIO, A6 913,804913.8k $70.1m $70.1m 0.09% Reduced -24.4k -24,358
85 Mirae Asset Global Investments Co., Ltd. 0.24% of their portfolio SEOUL, M5 890,911890.9k $68.3m $68.3m 0.24% Reduced -197.6k -197,574
86 TWO SIGMA ADVISERS, LP 0.14% of their portfolio NEW YORK, NY 879,400879.4k $67.4m $67.4m 0.14% Reduced -78.8k -78,800
87 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.22% of their portfolio COLUMBUS, OH 860,958861.0k $66.0m $66.0m 0.22% Reduced -65.7k -65,662
88 HUDSON EDGE INVESTMENT PARTNERS INC. 9.85% of their portfolio JERSEY CITY, NJ 751,000751.0k $57.6m $57.6m 9.85% Reduced -105.5k -105,500
89 INDUS CAPITAL PARTNERS, LLC 71.33% of their portfolio NEW YORK, NY 743,077743.1k $57.0m $57.0m 71.33% Reduced -91.6k -91,600
90 OMERS ADMINISTRATION Corp 0.44% of their portfolio TORONTO, A6 737,018737.0k $56.5m $56.5m 0.44% Unchanged
91 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 728,168728.2k $55.8m $55.8m 0.02% Reduced -111.5k -111,537
92 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 725,703725.7k $54.2m $54.2m 0.03% Reduced -34.2k -34,168
93 Valiant Capital Management, L.P. 4.20% of their portfolio San Francisco, CA 710,000710.0k $54.4m $54.4m 4.20% Added +31.4k +31,400
94 Ninety One UK Ltd 0.13% of their portfolio London, X0 702,501702.5k $53.9m $53.9m 0.13% Added +119.0k +118,976
95 ACADIAN ASSET MANAGEMENT LLC 0.11% of their portfolio Boston, MA 702,004702.0k $53.8m $53.8m 0.11% Added +410.5k +410,517
96 Milestone Resources Group Ltd 2.74% of their portfolio DIFC, C0 684,624684.6k $52.5m $52.5m 2.74% New
97 Two Creeks Capital Management, LP 3.39% of their portfolio New York, NY 665,970666.0k $51.1m $51.1m 3.39% Reduced -288.6k -288,644
98 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.19% of their portfolio DENVER, CO 644,420644.4k $49.4m $49.4m 0.19% Unchanged
99 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 613,958614.0k $47.1m $47.1m 0.02% Added +5.4k +5,359
100 Legal & General Group Plc 0.01% of their portfolio London, X0 610,898610.9k $46.8m $46.8m 0.01% Reduced -16.2k -16,194