HDFC Bank Limited - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US40415F1012

SecurityHDB / HDFC Bank Limited - Depositary Receipt (Common Stock)
Institution1832 Asset Management L.P.
Latest Disclosed Ownership3,576,736 shares
Latest Disclosed Value $ 88,989,192
1832 Asset Management L.P. reports 37.58% decrease in ownership of HDB / HDFC Bank Limited - Depositary Receipt (Common Stock)

On May 14, 2026 - 1832 Asset Management L.P. filed a 13F-HR form disclosing ownership of 3,576,736 shares of HDFC Bank Limited - Depositary Receipt (Common Stock) (US:HDB) valued at $88,989,192 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 5,730,427 shares of HDFC Bank Limited - Depositary Receipt (Common Stock). This represents a change in shares of -37.58% during the quarter. The current value of the position is $83,731,390 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F HDFC BANK SPONSORED ADS 40415F101 3,576,736 -2,153,691 -37.58 88,989 -57.50 0.0818
2026-02-13 2025-12-31 13F HDFC BANK SPONSORED ADS 40415F101 5,730,427 3,517,321 158.93 209,390 176.97 0.1595
2025-11-14 2025-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,213,106 1,099,506 98.73 75,600 -11.45 0.0597
2025-08-13 2025-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,113,600 -84,579 -7.06 85,380 7.25 0.0666
2025-05-14 2025-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,198,179 -87,474 -6.80 79,607 -3.04 0.0724
2025-02-14 2024-12-31 13F HDFC BANK SPONSORED ADS 40415F101 1,285,653 -52,805 -3.95 82,102 -1.95 0.0698
2024-11-13 2024-09-30 13F HDFC BANK SPONSORED ADS 40415F101 1,338,458 -3,540 -0.26 83,734 -3.01 0.0637
2024-08-13 2024-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,341,998 -738 -0.05 86,331 14.87 0.0701
2024-05-14 2024-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,342,736 209,783 18.52 75,153 -1.16 0.0445
2024-02-13 2023-12-31 13F HDFC BANK SPONSORED ADS 40415F101 1,132,953 -24,802 -2.14 76,032 11.29 0.1095
2023-11-13 2023-09-30 13F HDFC BANK SPONSORED ADS 40415F101 1,157,755 47,844 4.31 68,319 -11.69 0.0969
2023-08-14 2023-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,109,911 85,539 8.35 77,361 13.27 0.1504
2023-05-12 2023-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,024,372 935,455 1,052.05 68,295 1,022.89 0.1405
2023-02-15 2022-12-31 13F HDFC BANK SPONSORED ADS 40415F101 88,917 -11,320 -11.29 6,083 3.86 0.0125
2022-11-14 2022-09-30 13F HDFC BANK SPONSORED ADS 40415F101 100,237 -2,299 -2.24 5,856 3.92 0.0125
2022-08-15 2022-06-30 13F HDFC BANK SPONSORED ADS 40415F101 102,536 14,709 16.75 5,635 6.08 0.0114
2022-05-16 2022-03-31 13F HDFC BANK SPONSORED ADS 40415F101 87,827 80,141 1,042.69 5,312 943.61 0.0087
2022-02-15 2021-12-31 13F HDFC BANK SPONSORED ADS 40415F101 7,686 792 11.49 509 -0.39 0.0009
2021-11-15 2021-09-30 13F HDFC BANK SPONSORED ADS 40415F101 6,894 743 12.08 511 13.05 0.0010
2021-08-20 2021-06-30 13F/A-1 HDFC BANK SPONSORED ADS 40415F101 6,151 6,051 6,051.00 452 5,550.00 0.0009
2021-08-16 2021-06-30 13F HDFC BANK SPONSORED ADS 40415F101 6,151 6,051 452 0.0009
2021-05-17 2021-03-31 13F HDFC BANK SPONSORED ADS 40415F101 100 100 8 0.0000
2019-11-14 2019-09-30 13F HDFC BANK SPONSORED ADS 40415F101 0 -393,100 -100.00 0 -100.00
2019-08-14 2019-06-30 13F HDFC BANK SPONSORED ADS 40415F101 393,100 393,100 50,687 0.1639
2017-05-15 2017-03-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 0 -4,550 -100.00 0 -100.00
2017-04-01 2016-12-31 13F/A-1 HDFC BANK ADR REPS 3 SHS 40415F101 4,550 4,550 277 0.0008
2017-02-14 2016-12-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 4,550 277 0.0010
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.