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

SecurityHDB / HDFC Bank Limited - Depositary Receipt (Common Stock)
InstitutionCIBC Private Wealth Group, LLC
Latest Disclosed Ownership2,671,173 shares
Latest Disclosed Value $ 97,604,674
CIBC Private Wealth Group, LLC reports 3.89% increase in ownership of HDB / HDFC Bank Limited - Depositary Receipt (Common Stock)

On February 12, 2026 - CIBC Private Wealth Group, LLC filed a 13F-HR form disclosing ownership of 2,671,173 shares of HDFC Bank Limited - Depositary Receipt (Common Stock) (US:HDB) valued at $97,604,661 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 24, 2025 disclosing 2,571,124 shares of HDFC Bank Limited - Depositary Receipt (Common Stock). This represents a change in shares of 3.89% during the quarter. The current value of the position is $62,906,124 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)
2026-02-12 2025-12-31 13F HDFC BANK SPONSORED ADS 40415F101 2,671,173 100,049 3.89 97,605 11.13 0.1650
2025-11-24 2025-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,571,124 1,330,741 107.28 87,830 -7.65 0.1504
2025-08-12 2025-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,240,383 41,976 3.50 95,100 24.36 0.1699
2025-05-14 2025-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,198,407 59,495 5.22 76,470 11.20 0.1615
2025-02-12 2024-12-31 13F HDFC BANK SPONSORED ADS 40415F101 1,138,912 -28,975 -2.48 68,768 -5.88 0.1247
2024-11-13 2024-09-30 13F HDFC BANK SPONSORED ADS 40415F101 1,167,887 -1,508 -0.13 73,063 0.90 0.1309
2024-08-09 2024-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,169,395 229,596 24.43 72,409 37.02 0.1358
2024-05-10 2024-03-31 13F HDFC BANK SPONSORED ADS 40415F101 939,799 9,878 1.06 52,845 -15.32 0.1035
2024-02-13 2023-12-31 13F HDFC BANK LTD SPONSORED ADS ADS 40415F101 929,921 21,265 2.34 62,407 16.39 0.1322
2023-11-13 2023-09-30 13F HDFC BANK LTD SPONSORED ADS ADS 40415F101 908,656 31,332 3.57 53,620 -12.31 0.1269
2023-11-21 2023-06-30 13F/A-1 HDFC BANK LTD SPONSORED ADS COM 40415F101 877,324 18,680 2.18 61,150 -55.81 0.1337
2023-08-10 2023-06-30 13F HDFC BANK LTD SPONSORED ADS COM 40415F101 877,324 18,680 61,150 0.1337
2023-11-21 2023-03-31 13F/A-1 HDFC BANK LTD ADR REPS 3 SHS COM 40415F101 858,644 58,729 7.34 138,378 388.86 0.3064
2023-05-12 2023-03-31 13F HDFC BANK LTD ADR REPS 3 SHS COM 40415F101 858,644 58,729 138,378 0.3008
2023-06-01 2022-12-31 13F/A-2 HDFC BANK LTD ADR REPS 3 SHS COM 40415F101 799,915 -9,297 -1.15 28,307 -40.12 0.0951
2023-02-14 2022-12-31 13F/A-1 HDFC BANK LTD SPONSORED ADS COM 40415F101 799,915 -9,297 54,722 0.1146
2023-02-13 2022-12-31 13F HDFC BANK LTD SPONSORED ADS COM 40415F101 799,915 -9,297 54,722 0.0001
2022-11-15 2022-09-30 13F HDFC BANK LTD SPONSORED ADS COM 40415F101 809,212 -1,699 -0.21 47,273 6.07 0.1273
2022-08-03 2022-06-30 13F HDFC BANK SPONSORED ADS 40415F101 810,911 -24,136 -2.89 44,567 -12.98 0.1157
2022-05-16 2022-03-31 13F HDFC BANK SPONSORED ADS 40415F101 835,047 92,805 12.50 51,213 6.04 0.1118
2022-04-04 2021-12-31 13F/A-1 HDFC BANK SPONSORED ADS 40415F101 742,242 -385,172 -34.16 48,297 -41.39 0.1002
2022-02-08 2021-12-31 13F HDFC BANK SPONSORED ADS 40415F101 742,242 -385,172 48,297 0.1002
2021-11-12 2021-09-30 13F HDFC BANK SPONSORED ADS 40415F101 1,127,414 -243,409 -17.76 82,403 -17.79 0.1917
2021-08-16 2021-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,370,823 -227,627 -14.24 100,235 -19.29 0.2302
2021-05-12 2021-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,598,450 593,171 59.01 124,184 70.96 0.3127
2021-02-12 2020-12-31 13F HDFC BANK SPONSORED ADS 40415F101 1,005,279 501,286 99.46 72,641 188.49 0.1920
2020-11-03 2020-09-30 13F/A-1 HDFC BANK SPONSORED ADS 40415F101 503,993 312,213 162.80 25,180 188.76 0.0771
2020-08-13 2020-06-30 13F HDFC BANK LTD ADR REPS 3 SHS Com 40415F101 191,780 -220,245 -53.45 8,720 -44.97 0.0424
2020-05-15 2020-03-31 13F HDFC BANK SPONSORED ADS 40415F101 412,025 35,949 9.56 15,846 -33.51 0.0680
2020-01-30 2019-12-31 13F HDFC BANK SPONSORED ADS 40415F101 376,076 36,161 10.64 23,832 22.89 0.0777
2019-10-16 2019-09-30 13F HDFC BANK SPONSORED ADS 40415F101 339,915 190,518 127.52 19,393 -0.18 0.0682
2019-07-31 2019-06-30 13F HDFC BANK SPONSORED ADS 40415F101 149,397 12,084 8.80 19,428 22.07 0.0682
2019-05-10 2019-03-31 13F HDFC BANK SPONSORED ADS 40415F101 137,313 17,394 14.50 15,915 28.13 0.0614
2019-02-05 2018-12-31 13F HDFC BANK LTD ADR REPS 3 SHS 40415F101 119,919 13,323 12.50 12,421 23.84 0.0554
2018-11-14 2018-09-30 13F HDFC BANK LTD ADR REPS 3 SHS 40415F101 106,596 17,406 19.52 10,030 7.08 0.0380
2018-08-02 2018-06-30 13F HDFC BANK LTD ADR REPS 3 SHS 40415F101 89,190 16,442 22.60 9,367 30.37 0.0382
2018-05-17 2018-03-31 13F HDFC BANK LTD ADR REPS 3 SHS 40415F101 72,748 10,877 17.58 7,185 14.23 0.0312
2018-02-12 2017-12-31 13F HDFC BANK LTD ADR REPS 3 SHS 40415F101 61,871 3,870 6.67 6,290 12.52 0.0267
2017-12-21 2017-09-30 13F/A-1 HDFC BANK LTD ADS EACHREPR 3 I SHS 40415F101 58,001 58,001 5,590 0.0255
2017-11-14 2017-09-30 13F HDFC BANK LTD ADS EACHREPR 3 I ADR 40415F101 58,001 5,590 0.0250
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.