HDFC BANK LTD HDB
SPONSORED ADS · ADR · CUSIP 40415F101 · ISIN US40415F1012
Indian private sector bank
- SectorFinancials
- IndustryCommercial Banks, NEC
- HeadquartersMumbai, India
- Founded1994
- Websitehdfc.bank.in
- FilingsSEC EDGAR
* 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 ($50.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.93. Options: 11 managers hold calls ($10.9m notional), 10 hold puts ($23.3m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 482 |
| Q4 2022 | 513 |
| Q1 2023 | 524 |
| Q2 2023 | 540 |
| Q3 2023 | 537 |
| Q4 2023 | 563 |
| Q1 2024 | 570 |
| Q2 2024 | 574 |
| Q3 2024 | 603 |
| Q4 2024 | 636 |
| Q1 2025 | 633 |
| Q2 2025 | 644 |
| Q3 2025 | 640 |
| Q4 2025 | 663 |
| Q1 2026 | 606 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 309 | 237 |
| Q3 2024 | 314 | 236 |
| Q4 2024 | 312 | 254 |
| Q1 2025 | 284 | 316 |
| Q2 2025 | 325 | 280 |
| Q3 2025 | 300 | 299 |
| Q4 2025 | 305 | 285 |
| Q1 2026 | 240 | 399 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $150.1m | $48.4m | 0.32 |
| Q3 2025 | $9.9m | $38.9m | 3.93 |
| Q4 2025 | $10.9m | $39.2m | 3.61 |
| Q1 2026 | $10.9m | $23.3m | 2.14 |
Biggest buyers
| PRINCIPAL FINANCIAL GROUP INC | Added | +17.9m |
| MORGAN STANLEY | Added | +9.1m |
| Man Group plc | Added | +5.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +4.8m |
| JONES FINANCIAL COMPANIES LLLP | Added | +4.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +3.8m |
| TWO SIGMA INVESTMENTS, LP | Added | +3.6m |
| JANE STREET GROUP, LLC | Added | +3.3m |
| JUPITER ASSET MANAGEMENT LTD | Added | +3.2m |
| BANK OF AMERICA CORP /DE/ | Added | +3.1m |
Biggest sellers
| GQG Partners LLC | Reduced | -18.9m |
| Harding Loevner LP | Reduced | -10.3m |
| FIL Ltd | Reduced | -6.6m |
| FMR LLC | Reduced | -6.6m |
| Fiera Capital Corp | Reduced | -5.6m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -5.2m |
| PineStone Asset Management Inc. | Reduced | -4.5m |
| FRANKLIN RESOURCES INC | Reduced | -4.5m |
| Hardman Johnston Global Advisors LLC | Sold out | -4.4m |
| Capital World Investors | Reduced | -4.1m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $2.4m95.8k shares |
| GROUP ONE TRADING LLC | Added | $1.9m78.0k shares |
| UBS Group AG | Unchanged | $1.5m60.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m59.8k shares |
| SIMPLEX TRADING, LLC | Added | $1.0m41.7k shares |
| Walleye Capital LLC | Added | $982.8k39.5k shares |
| JANE STREET GROUP, LLC | Added | $482.7k19.4k shares |
| IMC-Chicago, LLC | Reduced | $460.3k18.5k shares |
| Walleye Trading LLC | Added | $330.9k13.3k shares |
| Point72 Asset Management, L.P. | New | $216.5k8.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.9m396.6k shares |
| PEAK6 LLC | Reduced | $4.5m180.2k shares |
| GROUP ONE TRADING LLC | Unchanged | $2.1m86.1k shares |
| Parallax Volatility Advisers, L.P. | New | $2.1m80.0k shares |
| Walleye Trading LLC | Added | $1.4m56.6k shares |
| IMC-Chicago, LLC | Added | $1.1m45.0k shares |
| CITADEL ADVISORS LLC | Added | $1.0m41.8k shares |
| Walleye Capital LLC | Added | $547.4k22.0k shares |
| JANE STREET GROUP, LLC | Reduced | $413.0k16.6k shares |
| SIMPLEX TRADING, LLC | Added | $199.0k8.0k 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 Q1 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 1 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-23 | Srinivasan N Group Head - Operations · Equity Shares | Sold | —10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 0.20% of their portfolio | 42.4m $1.1bn | Added +2.5m |
| GQG Partners LLC 1.34% of their portfolio | 34.1m $848.3m | Reduced -18.9m |
| MORGAN STANLEY 0.05% of their portfolio | 30.8m $766.5m | Added +9.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.46% of their portfolio | 22.5m $560.1m | Reduced -3.8m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 18.3m $440.2m | Reduced -2.2m |
| PRINCIPAL FINANCIAL GROUP INC 0.24% of their portfolio | 18.0m $447.3m | Added +17.9m |
| FIL Ltd 0.32% of their portfolio | 16.7m $415.9m | Reduced -6.6m |
| Harding Loevner LP 3.80% of their portfolio | 14.9m $369.7m | Reduced -10.3m |
| Temasek Holdings (Private) Ltd 1.05% of their portfolio | 12.6m $312.5m | Added +1.7m |
| Robeco Institutional Asset Management B.V. 0.44% of their portfolio | 12.5m $311.6m | Added +130.2k |
| Fisher Asset Management, LLC 0.10% of their portfolio | 12.2m $304.3m | Added +378.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 11.1m $275.8m | Reduced -340.0k |
| LAZARD ASSET MANAGEMENT LLC 0.45% of their portfolio | 10.9m $272.1m | Reduced -1.5m |
| Invesco Ltd. 0.03% of their portfolio | 10.8m $268.0m | Reduced -1.4m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 10.5m $262.5m | Added +3.1m |
| Man Group plc 0.54% of their portfolio | 10.5m $261.1m | Added +5.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 9.6m $276.0m | Reduced -635.4k |
| BROWN ADVISORY INC 0.39% of their portfolio | 9.6m $238.0m | Reduced -2.4m |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 8.8m $219.6m | Reduced -4.5m |
| Boston Partners 0.20% of their portfolio | 7.8m $194.5m | Added +1.3m |
| Trinity Street Asset Management LLP 13.18% of their portfolio | 7.7m $192.2m | Added +1.7m |
| C WorldWide Group Holding A/S 3.92% of their portfolio | 7.3m $182.4m | Reduced -172.6k |
| Kontiki Capital Management (HK) Ltd. 12.26% of their portfolio | 7.0m $174.9m | Reduced -334.4k |
| M&G PLC 0.85% of their portfolio | 6.5m $163.6m | Reduced -259.8k |
| BAILLIE GIFFORD & CO 0.17% of their portfolio | 6.5m $162.7m | Added +792.1k |
| Rathbones Group PLC 0.34% of their portfolio | 6.5m $162.4m | Added +1.4m |
| FMR LLC 0.01% of their portfolio | 6.3m $156.5m | Reduced -6.6m |
| SEI INVESTMENTS CO 0.14% of their portfolio | 6.1m $151.2m | Reduced -393.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.35% of their portfolio | 6.0m $150.5m | Added +2.2m |
| ALTRINSIC GLOBAL ADVISORS LLC 5.33% of their portfolio | 6.0m $148.8m | Added +887.1k |
| Dodge & Cox 0.08% of their portfolio | 5.7m $141.5m | Added +186.5k |
| Sustainable Growth Advisers, LP 1.22% of their portfolio | 5.2m $130.0m | Reduced -485.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 5.0m $125.1m | Added +289.6k |
| BlackRock, Inc. 0.00% of their portfolio | 4.9m $121.2m | Reduced -1.6m |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 4.8m $120.2m | Added +4.8m |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 4.7m $117.3m | Reduced -340.3k |
| Northcape Capital Pty Ltd 13.47% of their portfolio | 4.7m $116.8m | Reduced -1.0m |
| JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio | 4.4m $107.2m | Added +4.4m |
| Clearbridge Investments, LLC 0.10% of their portfolio | 4.4m $109.4m | Reduced -945.7k |
| PGGM Investments 1.86% of their portfolio | 4.3m $106.4m | Added +475.3k |
| NATIXIS ADVISORS, LLC 0.15% of their portfolio | 4.2m $105.3m | Reduced -948.7k |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 4.2m $103.3m | Added +3.6m |
| Aikya Investment Management Ltd 29.76% of their portfolio | 4.1m $102.6m | Reduced -606.2k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 3.9m $98.3m | Reduced -1.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.38% of their portfolio | 3.8m $95.7m | New |
| PineStone Asset Management Inc. 0.66% of their portfolio | 3.8m $94.1m | Reduced -4.5m |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 3.6m $90.7m | Added +2.4m |
| Artisan Partners Limited Partnership 0.15% of their portfolio | 3.6m $89.8m | Reduced -71.2k |
| 1832 Asset Management L.P. 0.12% of their portfolio | 3.6m $89.0m | Reduced -2.2m |
| JUPITER ASSET MANAGEMENT LTD 0.43% of their portfolio | 3.4m $81.1m | Added +3.2m |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 3.3m $82.4m | Added +3.3m |
| MARSHALL WACE, LLP 0.09% of their portfolio | 3.2m $80.3m | Added +2.7m |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 3.2m $78.8m | Reduced -802.2k |
| OMERS ADMINISTRATION Corp 0.51% of their portfolio | 3.2m $78.8m | Added +1.7m |
| STATE STREET CORP 0.00% of their portfolio | 3.2m $78.6m | Added +43.1k |
| Charles-Lim Capital Ltd 24.77% of their portfolio | 3.0m $74.6m | Added +775.0k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 3.0m $74.6m | Added +2.9m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.9m $72.1m | Reduced -91 |
| Fiera Capital Corp 0.25% of their portfolio | 2.9m $71.8m | Reduced -5.6m |
| UBS Group AG 0.01% of their portfolio | 2.8m $70.7m | Reduced -957.5k |
| CIBC Bancorp USA Inc. 0.09% of their portfolio | 2.7m $68.2m | First filing |
| Nuveen, LLC 0.02% of their portfolio | 2.7m $68.0m | Added +163.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 2.7m $67.1m | Reduced -522.2k |
| Mawer Investment Management Ltd. 0.43% of their portfolio | 2.7m $66.8m | Reduced -502.4k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.14% of their portfolio | 2.7m $66.2m | Reduced -2.0m |
| State of New Jersey Common Pension Fund D 0.25% of their portfolio | 2.6m $64.0m | Added +188.1k |
| EARNEST PARTNERS LLC 0.26% of their portfolio | 2.6m $63.8m | Reduced -58.4k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 2.4m $60.3m | Added +2.4m |
| Mondrian Investment Partners LTD 0.87% of their portfolio | 2.3m $58.2m | Added +975.6k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 2.2m $55.0m | Added +3.6k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 2.1m $52.2m | New |
| HUDSON EDGE INVESTMENT PARTNERS INC. 7.39% of their portfolio | 2.0m $50.6m | Added +538.2k |
| Ovata Capital Management Ltd 6.62% of their portfolio | 2.0m $47.3m | Added +1.7m |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.16% of their portfolio | 1.9m $48.1m | Added +59.4k |
| SG Americas Securities, LLC 0.05% of their portfolio | 1.9m $47.6m | Added +1.9m |
| NINE MASTS CAPITAL Ltd 7.30% of their portfolio | 1.9m $47.3m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.07% of their portfolio | 1.9m $47.3m | Added +818.2k |
| Intermede Investment Partners Ltd 2.26% of their portfolio | 1.9m $46.6m | Reduced -82.5k |
| FLOSSBACH VON STORCH SE 0.21% of their portfolio | 1.8m $44.9m | Added +146.0k |
| Orbis Allan Gray Ltd 0.19% of their portfolio | 1.8m $44.5m | Added +1.1m |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 1.7m $43.4m | Added +1.6m |
| BESSEMER GROUP INC 0.06% of their portfolio | 1.6m $40.5m | Reduced -1.9m |
| Holocene Advisors, LP 0.10% of their portfolio | 1.6m $39.5m | Added +881.2k |
| Perpetual Ltd 0.59% of their portfolio | 1.6m $38.7m | Reduced -674.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.6m $38.6m | Added +326.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.5m $38.1m | Added +79.2k |
| Aberdeen Group plc 0.06% of their portfolio | 1.5m $37.9m | Added +4.2k |
| PZENA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 1.5m $37.8m | Added +681.1k |
| ABN AMRO INVESTMENT SOLUTIONS 0.49% of their portfolio | 1.5m $37.3m | Added +595.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $36.9m | Reduced -210.7k |
| STEADFAST CAPITAL MANAGEMENT LP 1.35% of their portfolio | 1.4m $35.7m | Reduced -1.4m |
| Milestone Resources Group Ltd 2.08% of their portfolio | 1.4m $34.1m | Unchanged |
| ARGA Investment Management, LP 1.11% of their portfolio | 1.4m $33.8m | Added +306.1k |
| Impax Asset Management Group plc 0.22% of their portfolio | 1.3m $31.7m | Reduced -420.7k |
| L1 Capital Pty Ltd 1.24% of their portfolio | 1.3m $31.6m | Added +765.4k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.12% of their portfolio | 1.2m $30.8m | Reduced -52.1k |
| PINEBRIDGE INVESTMENTS LLC 0.25% of their portfolio | 1.2m $29.8m | Unchanged |
| Capital Research Global Investors 0.00% of their portfolio | 1.2m $29.7m | Reduced -3.4m |
| Legal & General Group Plc 0.01% of their portfolio | 1.2m $28.7m | Added +55.5k |
| MEITAV INVESTMENT HOUSE LTD 0.31% of their portfolio | 1.1m $28.6m | Unchanged |