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

SecurityHDB / HDFC Bank Limited - Depositary Receipt (Common Stock)
InstitutionFranklin Resources Inc
Latest Disclosed Ownership8,827,002 shares
Latest Disclosed Value $ 219,615,820
Franklin Resources Inc reports 33.61% decrease in ownership of HDB / HDFC Bank Limited - Depositary Receipt (Common Stock)

On May 13, 2026 - Franklin Resources Inc filed a 13F-HR form disclosing ownership of 8,827,002 shares of HDFC Bank Limited - Depositary Receipt (Common Stock) (US:HDB) valued at $219,615,810 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 13,295,052 shares of HDFC Bank Limited - Depositary Receipt (Common Stock). This represents a change in shares of -33.61% during the quarter. The current value of the position is $207,875,897 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)
2026-05-13 2026-03-31 13F HDFC BANK SPONSORED ADS 40415F101 8,827,002 -4,468,050 -33.61 219,616 -54.79 0.0087
2026-02-11 2025-12-31 13F HDFC BANK SPONSORED ADS 40415F101 13,295,052 -589,891 -4.25 485,801 2.42 0.1192
2025-11-13 2025-09-30 13F HDFC BANK SPONSORED ADS 40415F101 13,884,943 7,147,440 106.08 474,310 -8.18 0.1183
2025-08-12 2025-06-30 13F HDFC BANK SPONSORED ADS 40415F101 6,737,503 21,706 0.32 516,564 15.77 0.1370
2025-05-13 2025-03-31 13F HDFC BANK SPONSORED ADS 40415F101 6,715,797 -202,019 -2.92 446,198 1.00 0.1284
2025-02-12 2024-12-31 13F HDFC BANK SPONSORED ADS 40415F101 6,917,816 113,988 1.68 441,772 5.06 0.1227
2024-11-27 2024-09-30 13F/A-1 HDFC BANK SPONSORED ADS 40415F101 6,803,828 560,880 8.98 420,477 4.70 0.1181
2024-11-12 2024-09-30 13F HDFC BANK SPONSORED ADS 40415F101 6,803,828 560,880 420,477 0.0203
2024-08-14 2024-06-30 13F HDFC BANK SPONSORED ADS 40415F101 6,242,948 1,369,148 28.09 401,609 47.22 0.1235
2024-05-13 2024-03-31 13F HDFC BANK SPONSORED ADS 40415F101 4,873,800 2,207,836 82.82 272,787 52.47 0.0864
2024-02-09 2023-12-31 13F HDFC BANK SPONSORED ADS 40415F101 2,665,964 113,268 4.44 178,913 18.77 0.0837
2023-11-13 2023-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,552,696 69,332 2.79 150,635 -12.97 0.0765
2023-08-11 2023-06-30 13F HDFC BANK SPONSORED ADS 40415F101 2,483,364 86,493 3.61 173,090 8.32 0.0823
2023-05-12 2023-03-31 13F HDFC BANK SPONSORED ADS 40415F101 2,396,871 -9,561 -0.40 159,799 -2.93 0.0802
2023-02-10 2022-12-31 13F HDFC BANK SPONSORED ADS 40415F101 2,406,432 -185,244 -7.15 164,624 8.73 0.0856
2022-11-14 2022-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,591,676 350,455 15.64 151,406 22.92 0.0825
2022-08-11 2022-06-30 13F HDFC BANK SPONSORED ADS 40415F101 2,241,221 -92,363 -3.96 123,177 -13.93 0.0611
2022-05-13 2022-03-31 13F HDFC BANK SPONSORED ADS 40415F101 2,333,584 14,412 0.62 143,119 -5.16 0.0572
2022-02-11 2021-12-31 13F HDFC BANK SPONSORED ADS 40415F101 2,319,172 115,332 5.23 150,909 -6.31 0.0544
2021-11-12 2021-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,203,840 159,669 7.81 161,079 7.77 0.0606
2021-08-13 2021-06-30 13F HDFC BANK SPONSORED ADS 40415F101 2,044,171 40,273 2.01 149,470 -3.99 0.0571
2021-05-13 2021-03-31 13F HDFC BANK SPONSORED ADS 40415F101 2,003,898 -41,265 -2.02 155,683 5.34 0.0633
2021-02-10 2020-12-31 13F HDFC BANK SPONSORED ADS 40415F101 2,045,163 13,026 0.64 147,785 45.56 0.0625
2020-11-12 2020-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,032,137 -7,538 -0.37 101,526 -0.69 0.0492
2020-08-13 2020-06-30 13F HDFC BANK SPONSORED ADS 40415F101 2,039,675 468,129 29.79 102,228 69.13 0.0527
2020-05-13 2020-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,571,546 282,080 21.88 60,442 -26.03 0.0403
2020-03-11 2019-12-31 13F/A-1 HDFC BANK SPONSORED ADS 40415F101 1,289,466 -153,152 -10.62 81,714 -0.71 0.0429
2020-02-12 2019-12-31 13F HDFC BANK SPONSORED ADS 40415F101 1,289,466 -153,152 81,714 10,321.5969
2019-11-14 2019-09-30 13F HDFC BANK SPONSORED ADS 40415F101 1,442,618 809,213 127.76 82,302 -0.08 0.0447
2019-08-14 2019-06-30 13F HDFC BANK SPONSORED ADS 40415F101 633,405 -15,030 -2.32 82,368 9.59 0.0438
2019-05-15 2019-03-31 13F/A-1 HDFC BANK SPONSORED ADS 40415F101 648,435 -154,041 -19.20 75,161 -9.58 0.0403
2019-05-14 2019-03-31 13F HDFC BANK SPONSORED ADS 40415F101 648,435 -154,041 75,161
2019-02-12 2018-12-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 802,476 58,500 7.86 83,128 18.74 0.0502
2018-11-13 2018-09-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 743,976 19,043 2.63 70,008 -8.05 0.0349
2018-08-14 2018-06-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 724,933 258,133 55.30 76,133 65.03 0.0391
2018-05-10 2018-03-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 466,800 8,800 1.92 46,132 -0.93 0.0234
2018-02-14 2017-12-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 458,000 2,989 0.66 46,564 6.19 0.0223
2017-11-13 2017-09-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 455,011 66,989 17.26 43,850 29.94 0.0215
2017-08-10 2017-06-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 388,022 26,933 7.46 33,746 24.24 0.0168
2017-05-12 2017-03-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 361,089 -61,911 -14.64 27,161 5.82 0.0138
2017-02-14 2016-12-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 423,000 80,285 23.43 25,667 4.18 0.0133
2016-11-14 2016-09-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 342,715 342,715 0.00 24,637 0.0129
2016-04-27 2015-12-31 13F/A-1 HDFC BANK ADR REPS 3 SHS 40415F101 0 -772,152 -100.00 0 -100.00
2015-11-10 2015-09-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 772,152 772,152 47,171 0.0233
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.