Vault-13

HDFC BANK LTD HDB

SPONSORED ADS · ADR · CUSIP 40415F101 · ISIN US40415F1012

Indian private sector bank

663 institutional holders +23 vs Q3 2025
668,064,861668.1m shares reported held*
$24.4bnreported value*
60 new 245 added 228 reduced 57 sold out net sold ≈ $794.4m (-21.1m 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 ($120.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.53. Options: 11 managers hold calls ($10.9m notional), 10 hold puts ($39.2m).

Trends to Q4 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: 644Q3 25: 640Q4 25: 663663Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025640
Q4 2025663

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 300 bought or addedQ3 25: 299 cut or sold outQ4 25: 305 bought or addedQ4 25: 285 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024296273
Q2 2024309237
Q3 2024314236
Q4 2024312254
Q1 2025284316
Q2 2025325280
Q3 2025300299
Q4 2025305285

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ1 25 calls: $38.3mQ1 25 puts: $31.5mQ1 25P/C 0.82Q2 25 calls: $150.1mQ2 25 puts: $48.4mQ2 25P/C 0.32Q3 25 calls: $9.9mQ3 25 puts: $38.9mQ3 25P/C 3.93Q4 25 calls: $10.9mQ4 25 puts: $39.2mQ4 25P/C 3.61
Numbers
QuarterCallsPutsP/C
Q1 2025$38.3m$31.5m0.82
Q2 2025$150.1m$48.4m0.32
Q3 2025$9.9m$38.9m3.93
Q4 2025$10.9m$39.2m3.61

Biggest buyers

ROYAL BANK OF CANADA Added +9,451,992+9.5m
Man Group plc Added +4,514,559+4.5m
1832 Asset Management L.P. Added +3,517,321+3.5m
Rathbones Group PLC Added +2,681,098+2.7m
Fisher Asset Management, LLC Added +2,678,068+2.7m
Boston Partners Added +2,449,833+2.4m
Connor, Clark & Lunn Investment Management Ltd. Added +1,404,813+1.4m
SEI INVESTMENTS CO Added +1,313,091+1.3m
BANK OF AMERICA CORP /DE/ Added +1,134,255+1.1m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +1,043,596+1.0m

Biggest sellers

JPMORGAN CHASE & CO Reduced -17,904,932-17.9m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -7,883,359-7.9m
Sustainable Growth Advisers, LP Reduced -5,203,982-5.2m
FMR LLC Reduced -3,034,750-3.0m
MANNING & NAPIER ADVISORS LLC Reduced -3,002,644-3.0m
MILLENNIUM MANAGEMENT LLC Reduced -2,356,675-2.4m
Harding Loevner LP Reduced -1,890,927-1.9m
MARSHALL WACE, LLP Reduced -1,883,072-1.9m
C WorldWide Group Holding A/S Reduced -1,857,488-1.9m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,728,525-1.7m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.2m88.2k shares
UBS Group AG New $2.2m60.0k shares
GROUP ONE TRADING LLC Reduced $1.6m44.6k shares
CITADEL ADVISORS LLC Reduced $1.1m29.9k shares
IMC-Chicago, LLC New $785.6k21.5k shares
Walleye Capital LLC Added $613.9k16.8k shares
Belvedere Trading LLC Added $417.3k5.7k shares
JANE STREET GROUP, LLC Reduced $292.3k8.0k shares
SIMPLEX TRADING, LLC Reduced $237.6k9.0k shares
PEAK6 LLC New $233.9k6.4k shares

Biggest puts

PEAK6 LLC Unchanged $29.2m800.0k shares
JANE STREET GROUP, LLC Reduced $3.4m93.2k shares
GROUP ONE TRADING LLC Added $3.1m86.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m37.6k shares
CITADEL ADVISORS LLC Reduced $1.1m28.9k shares
IMC-Chicago, LLC Added $606.6k16.6k shares
SIMPLEX TRADING, LLC Reduced $274.4k7.9k shares
Walleye Trading LLC Reduced $109.6k3.0k shares
Walleye Capital LLC Reduced $14.6k400 shares
MACKENZIE FINANCIAL CORP New $2.3k13.0k 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 Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GQG Partners LLC 3.19% of their portfolio FT. LAUDERDALE, FL 52,962,70953.0m $1.9bn $1.9bn 3.19% Added +778.0k +777,977
2 ROYAL BANK OF CANADA 0.26% of their portfolio TORONTO, A6 39,897,76739.9m $1.5bn $1.5bn 0.26% Added +9.5m +9,451,992
3 SCHRODER INVESTMENT MANAGEMENT GROUP 0.73% of their portfolio London, X0 26,264,72626.3m $959.7m $959.7m 0.73% Added +1.0m +1,043,596
4 Harding Loevner LP 8.10% of their portfolio Bridgewater, NJ 25,187,68725.2m $920.3m $920.3m 8.10% Reduced -1.9m -1,890,927
5 FIL Ltd 0.64% of their portfolio HAMILTON, D0 23,312,52523.3m $851.8m $851.8m 0.64% Reduced -1.2m -1,152,590
6 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 21,690,72721.7m $792.6m $792.6m 0.05% Reduced -554.1k -554,085
7 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 20,504,63420.5m $749.2m $749.2m 0.05% Reduced -17.9m -17,904,932
8 FRANKLIN RESOURCES INC 0.12% of their portfolio San Mateo, CA 13,295,05213.3m $485.8m $485.8m 0.12% Reduced -589.9k -589,891
9 FMR LLC 0.02% of their portfolio BOSTON, MA 12,860,28112.9m $469.9m $469.9m 0.02% Reduced -3.0m -3,034,750
10 LAZARD ASSET MANAGEMENT LLC 0.77% of their portfolio NEW YORK, NY 12,478,34112.5m $456.0m $456.0m 0.77% Added +1.0m +1,001,578
11 Robeco Institutional Asset Management B.V. 0.64% of their portfolio ROTTERDAM, P7 12,392,85412.4m $452.8m $452.8m 0.64% Added +791.2k +791,226
12 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 12,196,14812.2m $445.6m $445.6m 0.04% Reduced -141.9k -141,858
13 BROWN ADVISORY INC 0.61% of their portfolio BALTIMORE, MD 11,929,83211.9m $435.9m $435.9m 0.61% Reduced -33.9k -33,916
14 Fisher Asset Management, LLC 0.15% of their portfolio PLANO, TX 11,850,76211.9m $433.0m $433.0m 0.15% Added +2.7m +2,678,068
15 WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio Boston, MA 11,426,67111.4m $417.5m $417.5m 0.07% Reduced -1.7m -1,728,525
16 Temasek Holdings (Private) Ltd 1.28% of their portfolio SINGAPORE, U0 10,873,38010.9m $397.3m $397.3m 1.28% Unchanged
17 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.12% of their portfolio Boston, MA 10,266,39610.3m $375.1m $375.1m 0.12% Added +57.4k +57,362
18 Fiera Capital Corp 0.99% of their portfolio MONTREAL, A8 8,514,9658.5m $311.1m $311.1m 0.99% Reduced -706.4k -706,391
19 PineStone Asset Management Inc. 1.89% of their portfolio Montreal, A8 8,315,7268.3m $303.9m $303.9m 1.89% Added +152.0k +151,992
20 C WorldWide Group Holding A/S 4.79% of their portfolio COPENHAGEN, G7 7,505,3407.5m $274.2m $274.2m 4.79% Reduced -1.9m -1,857,488
21 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 7,498,1807.5m $274.0m $274.0m 0.02% Added +1.1m +1,134,255
22 Kontiki Capital Management (HK) Ltd. 15.64% of their portfolio Hong Kong, K3 7,362,6267.4m $269.0m $269.0m 15.64% Reduced -56.5k -56,517
23 M&G PLC 1.29% of their portfolio London, X0 6,804,2126.8m $251.8m $251.8m 1.29% Reduced -167.3k -167,265
24 Boston Partners 0.25% of their portfolio BOSTON, MA 6,520,6806.5m $238.2m $238.2m 0.25% Added +2.4m +2,449,833
25 SEI INVESTMENTS CO 0.23% of their portfolio OAKS, PA 6,472,1546.5m $236.5m $236.5m 0.23% Added +1.3m +1,313,091
26 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,464,4906.5m $236.2m $236.2m 0.00% Added +926.8k +926,774
27 SANDS CAPITAL MANAGEMENT, LLC 0.68% of their portfolio ARLINGTON, VA 6,117,3626.1m $223.5m $223.5m 0.68% Reduced -73.4k -73,426
28 Trinity Street Asset Management LLP 13.93% of their portfolio LONDON, X0 6,067,0006.1m $221.7m $221.7m 13.93% Reduced -66.6k -66,600
29 BAILLIE GIFFORD & CO 0.17% of their portfolio EDINBURGH, X0 5,746,8195.7m $210.0m $210.0m 0.17% Reduced -1.1m -1,059,999
30 1832 Asset Management L.P. 0.27% of their portfolio TORONTO, A6 5,730,4275.7m $209.4m $209.4m 0.27% Added +3.5m +3,517,321
31 Sustainable Growth Advisers, LP 1.45% of their portfolio STAMFORD, CT 5,710,9755.7m $208.7m $208.7m 1.45% Reduced -5.2m -5,203,982
32 Northcape Capital Pty Ltd 21.25% of their portfolio SYDNEY, C3 5,695,3955.7m $184.2m $184.2m 21.25% Added +432.0k +431,952
33 Dodge & Cox 0.11% of their portfolio San Francisco, CA 5,501,8005.5m $201.0m $201.0m 0.11% Reduced -713.0k -713,000
34 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 5,380,5455.4m $197.0m $197.0m 0.04% Reduced -684.3k -684,288
35 Clearbridge Investments, LLC 0.16% of their portfolio NEW YORK, NY 5,341,3385.3m $195.2m $195.2m 0.16% Reduced -68.5k -68,541
36 NATIXIS ADVISORS, LLC 0.27% of their portfolio Boston, MA 5,179,6905.2m $189.3m $189.3m 0.27% Added +180.9k +180,884
37 Rathbones Group PLC 0.37% of their portfolio Liverpool, X0 5,171,6285.2m $189.0m $189.0m 0.37% Added +2.7m +2,681,098
38 ALTRINSIC GLOBAL ADVISORS LLC 6.67% of their portfolio Stamford, CT 5,092,5895.1m $186.1m $186.1m 6.67% Reduced -243.2k -243,182
39 Russell Investments Group, Ltd. 0.20% of their portfolio Seattle, WA 5,054,3515.1m $184.7m $184.7m 0.20% Reduced -340.5k -340,529
40 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 4,736,5844.7m $173.1m $173.1m 0.03% Added +281.4k +281,435
41 Aikya Investment Management Ltd 39.19% of their portfolio LONDON, X0 4,729,7684.7m $172.8m $172.8m 39.19% Added +401.0k +400,973
42 ROYAL LONDON ASSET MANAGEMENT LTD 0.36% of their portfolio UNITED KINGDOM, X0 4,709,7664.7m $172.1m $172.1m 0.36% Reduced -106.3k -106,335
43 Capital Research Global Investors 0.03% of their portfolio Los Angeles, CA 4,627,3874.6m $169.1m $169.1m 0.03% Added +7.5k +7,543
44 Man Group plc 0.32% of their portfolio LONDON, X0 4,550,3454.6m $166.3m $166.3m 0.32% Added +4.5m +4,514,559
45 Hardman Johnston Global Advisors LLC 7.71% of their portfolio Stamford, CT 4,428,5634.4m $161.8m $161.8m 7.71% Added +158.9k +158,881
46 CCLA Investment Management 2.51% of their portfolio LONDON, X0 4,286,1854.3m $156.6m $156.6m 2.51% Reduced -66.3k -66,265
47 Capital World Investors 0.02% of their portfolio LOS ANGELES, CA 4,248,9024.2m $155.2m $155.2m 0.02% Added +22.3k +22,252
48 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 3,990,2664.0m $144.1m $144.1m 0.04% Added +1.0m +1,021,745
49 Connor, Clark & Lunn Investment Management Ltd. 0.37% of their portfolio VANCOUVER, A1 3,836,5443.8m $140.2m $140.2m 0.37% Added +1.4m +1,404,813
50 PGGM Investments 2.20% of their portfolio ZEIST, P7 3,799,9083.8m $138.8m $138.8m 2.20% Unchanged
51 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,799,6293.8m $138.8m $138.8m 0.03% Added +11.7k +11,679
52 Driehaus Capital Management LLC 0.92% of their portfolio Chicago, IL 3,722,3313.7m $136.0m $136.0m 0.92% Added +517.0k +516,986
53 Artisan Partners Limited Partnership 0.21% of their portfolio Milwaukee, WI 3,682,0473.7m $134.5m $134.5m 0.21% Reduced -681.8k -681,809
54 BESSEMER GROUP INC 0.20% of their portfolio WOODBRIDGE, NJ 3,520,5433.5m $128.6m $128.6m 0.20% Added +536.4k +536,439
55 Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio CHIYODA-KU, TOKYO, M0 3,219,3733.2m $117.6m $117.6m 0.07% Reduced -17.1k -17,146
56 Mawer Investment Management Ltd. 0.65% of their portfolio CALGARY, A0 3,187,2953.2m $116.5m $116.5m 0.65% Added +218.9k +218,865
57 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,117,5153.1m $113.9m $113.9m 0.00% Added +38.0k +37,960
58 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 2,898,4332.9m $105.9m $105.9m 0.02% Added +2.2k +2,171
59 STEADFAST CAPITAL MANAGEMENT LP 1.82% of their portfolio NEW YORK, NY 2,842,3002.8m $103.9m $103.9m 1.82% Added +399.9k +399,900
60 CIBC Private Wealth Group LLC 0.16% of their portfolio ATLANTA, GA 2,671,1732.7m $97.6m $97.6m 0.16% Added +100.0k +100,049
61 EARNEST PARTNERS LLC 0.41% of their portfolio ATLANTA, GA 2,621,5552.6m $95.8m $95.8m 0.41% Added +228.0k +227,989
62 Baird Financial Group, Inc. 0.15% of their portfolio MILWAUKEE, WI 2,587,8092.6m $94.6m $94.6m 0.15% Added +179.8k +179,841
63 Nuveen, LLC 0.02% of their portfolio CHARLOTTE, NC 2,569,4782.6m $93.9m $93.9m 0.02% Reduced -149.0k -148,994
64 State of New Jersey Common Pension Fund D 0.31% of their portfolio TRENTON, NJ 2,384,4132.4m $87.1m $87.1m 0.31% Added +15.1k +15,106
65 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 2,300,8272.3m $84.1m $84.1m 0.04% Reduced -1.2m -1,249,915
66 Perpetual Ltd 1.18% of their portfolio SYDNEY, NEW SOUTH WALES, C3 2,229,7552.2m $81.5m $81.5m 1.18% Added +2.8k +2,791
67 Charles-Lim Capital Ltd 22.05% of their portfolio CENTRAL, K3 2,225,0002.2m $81.3m $81.3m 22.05% Added +225.0k +225,000
68 Allspring Global Investments Holdings, LLC 0.13% of their portfolio CHARLOTTE, NC 2,204,3702.2m $80.4m $80.4m 0.13% Reduced -80.1k -80,134
69 MACKENZIE FINANCIAL CORP 0.08% of their portfolio TORONTO ONTARIO, A6 1,954,6352.0m $71.1m $71.1m 0.08% Added +114.9k +114,877
70 Intermede Investment Partners Ltd 3.08% of their portfolio LONDON, X0 1,953,6852.0m $71.4m $71.4m 3.08% Reduced -1.4k -1,373
71 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.21% of their portfolio COLUMBUS, OH 1,873,5301.9m $68.5m $68.5m 0.21% Added +170.1k +170,143
72 Impax Asset Management Group plc 0.39% of their portfolio LONDON, X0 1,695,4451.7m $62.0m $62.0m 0.39% Added +8.1k +8,065
73 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,693,9801.7m $61.9m $61.9m 0.01% Reduced -48.8k -48,843
74 DJE Kapital AG 1.71% of their portfolio 82049 PULLACH, 2M 1,692,7531.7m $62.0m $62.0m 1.71% Added +326.3k +326,261
75 FLOSSBACH VON STORCH SE 0.24% of their portfolio COLOGNE, 2M 1,656,8101.7m $60.5m $60.5m 0.24% Reduced -326.0k -326,000
76 Aberdeen Group plc 0.09% of their portfolio EDINBURGH, X0 1,517,1491.5m $55.4m $55.4m 0.09% Added +396.3k +396,336
77 HUDSON EDGE INVESTMENT PARTNERS INC. 8.09% of their portfolio JERSEY CITY, NJ 1,495,0001.5m $54.6m $54.6m 8.09% Reduced -11.2k -11,200
78 Ninety One UK Ltd 0.12% of their portfolio London, X0 1,492,4171.5m $54.5m $54.5m 0.12% Reduced -1.3m -1,306,057
79 CI INVESTMENTS INC. 0.24% of their portfolio TORONTO, Z4 1,474,6801.5m $53.9m $53.9m 0.24% Added +867.9k +867,928
80 OMERS ADMINISTRATION Corp 0.38% of their portfolio TORONTO, A6 1,474,0361.5m $53.9m $53.9m 0.38% Unchanged
81 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,453,9451.5m $53.1m $53.1m 0.02% Reduced -561.4k -561,352
82 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 1,448,1071.4m $52.9m $52.9m 0.02% Reduced -920.9k -920,868
83 Milestone Resources Group Ltd 2.45% of their portfolio DIFC, C0 1,369,2481.4m $50.0m $50.0m 2.45% Unchanged
84 Mondrian Investment Partners LTD 0.82% of their portfolio LONDON, X0 1,365,0441.4m $49.9m $49.9m 0.82% Added +406.0k +406,026
85 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.17% of their portfolio DENVER, CO 1,288,8401.3m $47.1m $47.1m 0.17% Unchanged
86 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,257,9971.3m $46.0m $46.0m 0.03% Added +531.1k +531,055
87 Formuepleje A/S 2.73% of their portfolio AARHUS C, G7 1,253,0711.3m $45.8m $45.8m 2.73% Reduced -201.9k -201,893
88 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,226,6781.2m $44.8m $44.8m 0.01% Reduced -321.1k -321,119
89 PINEBRIDGE INVESTMENTS LLC 0.32% of their portfolio NEW YORK, NY 1,197,8001.2m $43.8m $43.8m 0.32% First filing
90 MEITAV INVESTMENT HOUSE LTD 0.49% of their portfolio BENE-BERAQ, L3 1,150,0001.1m $42.0m $42.0m 0.49% Unchanged
91 Mirae Asset Global Investments Co., Ltd. 0.12% of their portfolio SEOUL, M5 1,139,3001.1m $41.6m $41.6m 0.12% Added +17.5k +17,517
92 Valiant Capital Management, L.P. 3.45% of their portfolio San Francisco, CA 1,122,0321.1m $41.0m $41.0m 3.45% Added +60.6k +60,636
93 Legal & General Group Plc 0.01% of their portfolio London, X0 1,097,4161.1m $40.1m $40.1m 0.01% Reduced -145.1k -145,142
94 NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio ALBANY, NY 1,082,1161.1m $39.5m $39.5m 0.05% Added +622.3k +622,268
95 ARGA Investment Management, LP 1.05% of their portfolio STAMFORD, CT 1,053,7081.1m $38.5m $38.5m 1.05% Unchanged
96 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 1,047,0881.0m $38.3m $38.3m 0.00% Reduced -78.9k -78,867
97 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,033,6891.0m $37.8m $37.8m 0.01% Added +153.3k +153,335
98 Marathon Asset Management Ltd 1.37% of their portfolio London, X0 973,218973.2k $35.6m $35.6m 1.37% Added +94.3k +94,280
99 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 954,255954.3k $34.9m $34.9m 0.04% Added +549.6k +549,601
100 NS Partners Ltd 1.36% of their portfolio LONDON, X0 948,978949.0k $34.7m $34.7m 1.36% Added +225.5k +225,500