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Indus Capital Partners’s HDFC Bank HDB Stock Holding History

Indus Capital Partners’s Portfolio HDB Stock Details HDB Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q3 		– Sell
-1,486,154
Closed -$57M – 4
2025
Q2 		$57M Sell
1,486,154
-183,200
-11% -$6.64M 71.33% 1
2025
Q1 		$55.5M Sell
1,669,354
-151,800
-8% -$4.63M 52.36% 1
2024
Q4 		$58.1M Sell
1,821,154
-695,692
-28% -$22.3M 41.81% 1
2024
Q3 		$78.7M Sell
2,516,846
-108,670
-4% -$3.34M 52.69% 1
2024
Q2 		$84.4M Sell
2,625,516
-3,200
-0.1% -$93.7K 51.7% 1
2024
Q1 		$73.6M Buy
2,628,716
+1,372,800
+109% +$38.9M 45.73% 1
2023
Q4 		$42.1M Buy
+1,255,916
New +$37.9M 27.94% 1
2022
Q2 		– Sell
-104,386
Closed -$3.2M – 29
2022
Q1 		$3.2M Sell
104,386
-640,200
-86% -$20.8M 1.3% 16
2021
Q4 		$24.2M Buy
744,586
+319,844
+75% +$11.2M 5.73% 7
2021
Q3 		$15.5M Hold
424,742
– – 2.68% 13
2021
Q2 		$15.5M Buy
424,742
+42,980
+11% +$1.57M 2.63% 12
2021
Q1 		$14.8M Buy
381,762
+18,090
+5% +$709K 2.56% 11
2020
Q4 		$13.1M Sell
363,672
-130,280
-26% -$4.15M 2.04% 13
2020
Q3 		$12.3M Sell
493,952
-698,270
-59% -$16.9M 1.82% 14
2020
Q2 		$27.1M Sell
1,192,222
-1,059,360
-47% -$21.7M 4.44% 6
2020
Q1 		$43.3M Buy
2,251,582
+1,309,370
+139% +$35.2M 7.33% 3
2019
Q4 		$29.9M Sell
942,212
-627,156
-40% -$19.1M 5.86% 3
2019
Q3 		$44.8M Sell
1,569,368
-625,608
-29% -$17.8M 7.46% 4
2019
Q2 		$71.4M Sell
2,194,976
-29,092
-1% -$877K 11.66% 2
2019
Q1 		$64.4M Sell
2,224,068
-595,200
-21% -$15.4M 8.42% 5
2018
Q4 		$73M Buy
2,819,268
+1,512,628
+116% +$35.8M 13.2% 3
2018
Q3 		$30.7M Buy
1,306,640
+1,119,040
+597% +$28.5M 3.91% 11
2018
Q2 		$4.92M Buy
+187,600
New +$4.69M 0.5% 32
2017
Q1 		– Sell
-970,032
Closed -$14.7M – 42
2016
Q4 		$14.7M Sell
970,032
-176,056
-15% -$2.95M 1.91% 16
2016
Q3 		$20.6M Sell
1,146,088
-125,860
-10% -$2.21M 1.95% 9
2016
Q2 		$21.1M Sell
1,271,948
-28,400
-2% -$453K 2.04% 9
2016
Q1 		$20M Buy
1,300,348
+106,000
+9% +$1.51M 1.95% 10
2015
Q4 		$18.4M Sell
1,194,348
-34,400
-3% -$520K 2.57% 8
2015
Q3 		$18.8M Buy
1,228,748
+553,200
+82% +$8.35M 2.51% 7
2015
Q2 		$10.2M Sell
675,548
-862,400
-56% -$12.5M 1.08% 21
2015
Q1 		$22.6M Sell
1,537,948
-384,000
-20% -$5.61M 4.46% 5
2014
Q4 		$24.4K Sell
1,921,948
-229,652
-11% -$2.9M 3.22% 6
2014
Q3 		$25.1M Sell
2,151,600
-1,048,400
-33% -$12.7M 2.46% 7
2014
Q2 		$37.5M Sell
3,200,000
-3,980,000
-55% -$43.7M 5.49% 3
2014
Q1 		$73.6M Buy
7,180,000
+3,980,000
+124% +$34.6M 6.08% 5
2013
Q4 		$27.6M Buy
+3,200,000
New +$27.2M 2.6% 9

Other funds holding HDB

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GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
HL
Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return
Schroder Investment Management Group
Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Franklin Resources
Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return
Wellington Management Group
Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Indus Capital Partners's HDB Position: Q3 2025 in Review

Indus Capital Partners sold out of HDFC Bank (HDB) in Q3 2025, closing a stake of 1,486,154 shares — an estimated $57M sold.

Indus Capital Partners first reported a position in HDB in Q4 2013 and held it in 36 quarters. The position peaked at $84.4M in Q2 2024. 635 funds tracked by Wall St. Rank hold HDB as of Q3 2025.

  • Indus Capital Partners reported no remaining HDFC Bank position as of Q3 2025 after selling out during the quarter.
  • Indus Capital Partners sold 1,486,154 HDFC Bank shares in Q3 2025, an estimated $57M.
  • Indus Capital Partners first reported a position in HDFC Bank in Q4 2013 and held it in 36 quarters.
  • Indus Capital Partners's HDFC Bank position peaked at $84.4M in Q2 2024.
  • 635 funds tracked by Wall St. Rank held HDFC Bank as of Q3 2025.

Based on Indus Capital Partners's 13F filing for Q3 2025, filed 14 Nov 2025.