HDFC Bank

HDB • NYSE

HDFC Bank is a publicly traded company on NYSE, led by Sashidhar Jagdishan. As of Q3 2025, 571 institutional investors hold shares in this company, with total holdings valued at $20.6B. GQG Partners LLC is the largest holder with a position valued at $1.8B.

CEOSashidhar Jagdishan

Employees208.1K

Websitehdfcbank.com

Overview

Overview of institutional ownership in HDB as of Q3 2025

All Institutions

Institutions: 571
Value Held: $20.6B
Shares Held: 599.9M
Avg Position: $36.0M
Median Position: $1.6M

Hedge Funds

Hedge Funds: 42
Value Held: $964.9M
Shares Held: 28.2M
Avg Position: $23.0M
Median Position: $4.4M

Biggest Investors

Institutions with the largest positions in HDB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$1.8B 2.74% of portfolio	0.00% 52.2M shares	Q2 2024 Held for 1y 6m	$65.1B
HARDING LOEVNER LP Long Only Manager	Aaron Jeffrey Bellish CEO	$925.1M 6.79% of portfolio	0.00% 27.1M shares	Q4 2022 Held for 3 years	$13.6B
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	Toby James Glover CEO	$861.6M 0.68% of portfolio	0.00% 25.2M shares	Q4 2022 Held for 3 years	$125.97B
F FIL Ltd Institution	-	$835.7M 0.65% of portfolio	0.00% 24.5M shares	Q4 2022 Held for 3 years	$127.75B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$759.9M 0.05% of portfolio	0.00% 22.2M shares	Q4 2022 Held for 3 years	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$656.0M 0.04% of portfolio	0.00% 19.2M shares	Q1 2023 Held for 2y 9m	$1.56T
FMR LLC Institution	-	$543.0M 0.03% of portfolio	0.00% 15.9M shares	Q4 2022 Held for 3 years	$1.92T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$474.3M 0.12% of portfolio	0.00% 13.9M shares	Q4 2022 Held for 3 years	$395.38B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$449.4M 0.08% of portfolio	0.00% 13.2M shares	Q4 2022 Held for 3 years	$571.21B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$421.5M 0.07% of portfolio	0.00% 12.3M shares	Q4 2022 Held for 3 years	$633.08B

Net Capital Flow

Institutional buying and selling activity for HDB in Q3 2025

Traded: +$298.8M
Buyers: 281
Sellers: 271
Total Bought: +$2.0B
Total Sold: −$1.7B
Avg Position: $32.2M

Biggest Buyers

Institution	Net Bought	Current Position
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$392.0M +428.8K shares	$392.0M 11.5M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$265.9M +7.8M shares	$271.4M 7.9M shares
Northcape Capital Pty Ltd Long Only Manager	+$179.8M +-367.5K shares	$179.8M 5.3M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	+$136.4M +4.0M shares	$861.6M 25.2M shares
R Robeco Institutional Asset Management B.V. Institution	+$79.4M +2.3M shares	$396.3M 11.6M shares
GQG Partners LLC Long Only Manager	+$78.0M +2.3M shares	$1.8B 52.2M shares
R Rathbone Brothers plc RIA/Wealth	+$65.2M +1.9M shares	$85.1M 2.5M shares
Marshall Wace LLP Institution	+$59.5M +1.7M shares	$81.4M 2.4M shares
H HSBC HOLDINGS PLC Institution	+$52.6M +1.5M shares	$105.6M 3.0M shares
Robeco Investment Management, Inc. Long Only Manager	+$42.9M +1.3M shares	$139.1M 4.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
T TEMASEK HOLDINGS LTD Institution	−$236.3M −6.9M shares	$371.4M 10.9M shares
F FIL Ltd Institution	−$133.7M −3.9M shares	$835.7M 24.5M shares
Sustainable Growth Advisers, LP Long Only Manager	−$130.4M −3.8M shares	$372.9M 10.9M shares
FMR LLC Institution	−$104.3M −3.1M shares	$543.0M 15.9M shares
D DJE Kapital AG Institution	−$104.0M −1.4M shares	$104.0M 1.4M shares
MORGAN STANLEY RIA/Wealth	−$66.7M −2.0M shares	$759.9M 22.2M shares
INDUS CAPITAL PARTNERS, LLC Hedge Fund•Long/Short	−$57.0M −1.5M shares	Sold Off 0 shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	−$54.1M −1.6M shares	$15.0M 439.6K shares
HARDING LOEVNER LP Long Only Manager	−$42.2M −1.2M shares	$925.1M 27.1M shares
Mondrian Investment Partners LTD Long Only Manager	−$39.5M −1.2M shares	$32.8M 959.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited HDB in Q3 2025

New Positions: 46
New Value: $638.9M
Exited Positions: 66
Exited Value: $184.2M

New Positions

Institution	Position Value
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$392.0M 11.5M shares
Northcape Capital Pty Ltd Long Only Manager	$179.8M 5.3M shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	$15.7M 459.8K shares
Kames Capital plc Long Only Manager	$12.8M 374.4K shares
DONALDSON CAPITAL MANAGEMENT, LLC RIA/Wealth	$6.1M 178.7K shares
F FACTORY MUTUAL INSURANCE CO Institution	$5.3M 156.3K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$4.3M 124.9K shares
P PEAK6 LLC Institution	$4.1M 120.1K shares
CLOUGH CAPITAL PARTNERS L P Hedge Fund•Long/Short	$3.1M 91.4K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$3.1M 91.2K shares

Exited Positions

Institution	Previous Position
INDUS CAPITAL PARTNERS, LLC Hedge Fund•Long/Short	$57.0M 1.5M shares
O Ovata Capital Management Ltd Institution	$29.3M 760.4K shares
Burgundy Asset Management Ltd. Long Only Manager	$15.0M 391.9K shares
T Theleme Partners LLP Institution	$13.5M 351.6K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$12.6M 328.8K shares
A AXA Institution	$10.8M 281.9K shares
D Dalton Investments LLC Hedge Fund•Value	$6.3M 163.4K shares
F First Trust Bank, Ltd. Institution	$5.4M 140.0K shares
Foresight Global Investors, Inc. RIA/Wealth	$5.1M 133.6K shares
VISION FINANCIAL MARKETS LLC RIA/Wealth	$4.4M 113.8K shares

Options Activity

Institutions with the largest Call and Put options positions in HDB as of Q3 2025

Call Positions: 10
Call Value: $7.5M
Put Positions: 7
Put Value: $8.0M

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$2.8M 806.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.2M 645.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.4M 398.0 contracts
Walleye Trading LLC RIA/Wealth	$389.4K 114.0 contracts
B Belvedere Trading LLC Institution	$383.3K 56.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$351.8K 103.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$68.3K 20.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts
F FNY Investment Advisers, LLC Hedge Fund•Multi-Strategy	- 0.2 contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$3.4M 1.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.8M 814.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 416.0 contracts
Walleye Trading LLC RIA/Wealth	$246.0K 72.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$164.0K 48.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts
BARCLAYS PLC Institution	- - contracts

Most Committed Institutions

Institutions with HDB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F FACTORIAL MANAGEMENT Ltd Institution	-	100.00% $1.9M	0.00% 56.3K shares	Q3 2025 Held for 3 months	$1.9M
A Aikya Investment Management Ltd Hedge Fund•Sector	Ashish Nmn Swarup Managing Partner	41.39% $147.9M	0.00% 4.3M shares	Q4 2023 Held for 2 years	$357.2M
Northcape Capital Pty Ltd Long Only Manager	-	24.85% $179.8M	0.00% 5.3M shares	Q3 2025 Held for 3 months	$723.4M
Trinity Street Asset Management LLP Hedge Fund•Long/Short	James Patrick Dunphy CFO	14.28% $209.5M	0.00% 6.1M shares	Q1 2024 Held for 1y 9m	$1.5B
K Kontiki Capital Management Ltd. Institution	-	13.49% $253.4M	0.00% 7.4M shares	Q2 2024 Held for 1y 6m	$1.9B
Breakout Capital Partners, LP Hedge Fund•Sector	Ruchir Sharma CIO	12.38% $16.7M	0.00% 489.7K shares	Q4 2023 Held for 2 years	$135.1M
N New Vernon Capital Holdings II LLC Hedge Fund•Multi-Strategy	Arshad Rafiq Zakaria CEO	10.97% $23.8M	0.00% 698.1K shares	Q2 2025 Held for 6 months	$217.3M
NINE MASTS CAPITAL Ltd Institution	Trevor Kiaran Ka-Chi Li CFO	9.04% $19.4M	0.00% 568.9K shares	Q4 2018 Held for 7 years	$215.0M
Oaktree Fund Advisors, LLC Institution	Laura Virginia Eichman CCO	8.62% $4.6M	0.00% 135.9K shares	Q4 2023 Held for 2 years	$53.8M
HGK ASSET MANAGEMENT INC Long Only Manager	David Charles Hauck COO	8.33% $51.5M	0.00% 1.5M shares	Q2 2024 Held for 1y 6m	$617.8M

Hedge Fund Spotlight

Discover hedge funds investing in HDB

ANTIPODES PARTNERS Ltd

Hedge Fund • Long/Short

Portfolio ManagerAndrew Findlay

Portfolio Value: $4.5B
Positions: 115
Last Reported: Q3 2025

Sector Allocation

Position in HDFC Bank

Market Value: $9.6M
Shares Held: 281.5K
Portfolio Weight: 0.22%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 American Electric Power AEP	Regulated Electric Utilities	$244.8M	5.49%
2 Barnes Group B	Industrial - Machinery Industrials	$184.4M	4.14%
3 Ferrovial FER	Industrial - Infrastructure Operations Industrials	$175.9M	3.95%