Lazard Asset Management’s HDFC Bank HDB Stock Holding History

Lazard Asset Management’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
2026 Q1	$272M	Sell	10,937,089 -1,541,252	-12%	-$47.9M	0.45%	55
2025 Q4	$456M	Buy	12,478,341 +1,001,578	+9%	+$36M	0.77%	25
2025 Q3	$392M	Buy	11,476,763 +428,839	+4%	+$15.8M	0.53%	52
2025 Q2	$424M	Buy	11,047,924 +2,004,788	+22%	+$72.7M	0.58%	41
2025 Q1	$300M	Buy	9,043,136 +279,938	+3%	+$8.54M	0.46%	58
2024 Q4	$280M	Sell	8,763,198 -87,452	-1%	-$2.8M	0.41%	60
2024 Q3	$277M	Sell	8,850,650 -738,020	-8%	-$22.7M	0.37%	66
2024 Q2	$308M	Sell	9,588,670 -111,166	-1%	-$3.26M	0.39%	57
2024 Q1	$271M	Sell	9,699,836 -372,678	-4%	-$10.6M	0.33%	67
2023 Q4	$338M	Buy	10,072,514 +355,590	+4%	+$10.7M	0.43%	57
2023 Q3	$287M	Sell	9,716,924 -76,242	-0.8%	-$2.48M	0.39%	60
2023 Q2	$341M	Buy	9,793,166 +1,570,884	+19%	+$53M	0.42%	56
2023 Q1	$274M	Sell	8,222,282 -275,638	-3%	-$9.21M	0.36%	71
2022 Q4	$291M	Sell	8,497,920 -365,656	-4%	-$11.9M	0.4%	68
2022 Q3	$259M	Sell	8,863,576 -157,920	-2%	-$4.85M	0.38%	62
2022 Q2	$248M	Sell	9,021,496 -409,692	-4%	-$11.6M	0.34%	67
2022 Q1	$289M	Sell	9,431,188 -1,936,694	-17%	-$62.9M	0.34%	69
2021 Q4	$370M	Sell	11,367,882 -366,270	-3%	-$12.8M	0.39%	62
2021 Q3	$429M	Sell	11,734,152 -248,254	-2%	-$9.21M	0.48%	48
2021 Q2	$438M	Buy	11,982,406 +852,384	+8%	+$31.2M	0.49%	48
2021 Q1	$432M	Buy	11,130,022 +95,610	+0.9%	+$3.75M	0.52%	45
2020 Q4	$399M	Sell	11,034,412 -351,066	-3%	-$11.2M	0.5%	49
2020 Q3	$284M	Buy	11,385,478 +1,698,308	+18%	+$41.2M	0.4%	62
2020 Q2	$220M	Buy	9,687,170 +153,032	+2%	+$3.14M	0.34%	70
2020 Q1	$183M	Sell	9,534,138 -951,988	-9%	-$25.6M	0.34%	70
2019 Q4	$332M	Buy	10,486,126 +50,262	+0.5%	+$1.53M	0.47%	56
2019 Q3	$298M	Buy	10,435,864 +12,912	+0.1%	+$368K	0.49%	52
2019 Q2	$339M	Buy	10,422,952 +234,744	+2%	+$7.07M	0.55%	50
2019 Q1	$295M	Buy	10,188,208 +646,772	+7%	+$16.8M	0.48%	57
2018 Q4	$247M	Sell	9,541,436 -127,336	-1%	-$3.01M	0.45%	63
2018 Q3	$227M	Buy	9,668,772 +1,629,944	+20%	+$41.6M	0.37%	69
2018 Q2	$211M	Buy	8,038,828 +1,010,436	+14%	+$25.2M	0.37%	71
2018 Q1	$174M	Sell	7,028,392 -286,052	-4%	-$7.21M	0.3%	78
2017 Q4	$186M	Buy	7,314,444 +660,140	+10%	+$15.8M	0.32%	72
2017 Q3	$160M	Sell	6,654,304 -60,520	-0.9%	-$1.44M	0.29%	77
2017 Q2	$146M	Buy	6,714,824 +56,420	+0.8%	+$1.18M	0.27%	80
2017 Q1	$125M	Buy	6,658,404 +441,596	+7%	+$7.69M	0.24%	80
2016 Q4	$94.3M	Sell	6,216,808 -2,818,100	-31%	-$47.2M	0.19%	92
2016 Q3	$162M	Sell	9,034,908 -527,028	-6%	-$9.26M	0.32%	74
2016 Q2	$159M	Sell	9,561,936 -2,227,632	-19%	-$35.5M	0.33%	77
2016 Q1	$182M	Buy	11,789,568 +829,896	+8%	+$11.9M	0.4%	69
2015 Q4	$169M	Sell	10,959,672 -1,566,984	-13%	-$23.7M	0.39%	76
2015 Q3	$191M	Sell	12,526,656 -442,888	-3%	-$6.68M	0.46%	64
2015 Q2	$196M	Sell	12,969,544 -41,296	-0.3%	-$599K	0.41%	68
2015 Q1	$192M	Sell	13,010,840 -586,208	-4%	-$8.57M	0.41%	68
2014 Q4	$173M	Sell	13,597,048 -3,260,648	-19%	-$41.1M	0.37%	82
2014 Q3	$196M	Sell	16,857,696 -791,656	-4%	-$9.6M	0.42%	68
2014 Q2	$207M	Sell	17,649,352 -419,564	-2%	-$4.6M	0.43%	70
2014 Q1	$185M	Sell	18,068,916 -1,930,824	-10%	-$16.8M	0.41%	77
2013 Q4	$172M	Sell	19,999,740 -10,069,636	-33%	-$85.7M	0.38%	73
2013 Q3	$231M	Sell	30,069,376 -1,848,304	-6%	-$15.2M	0.55%	53
2013 Q2	$289M	Buy	+31,917,680	New	+$316M	0.69%	47

Other funds holding HDB

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return

Temasek Holdings Singapore $30.5B AUM 13.98% 1-Year Est. Return

Robeco Institutional Asset Management Rotterdam, Netherlands $70.2B AUM 29.99% 1-Year Est. Return

Lazard Asset Management's HDB Position: Q1 2026 in Review

Lazard Asset Management reduced its HDFC Bank (HDB) stake by 12% in Q1 2026, selling an estimated $47.9M and leaving 10,937,089 shares worth $272M. The position accounts for 0.45% of the portfolio, ranked #55.

Lazard Asset Management first reported a position in HDB in Q2 2013 and has held it in 52 quarters since. The position peaked at $456M in Q4 2025. 600 funds tracked by Wall St. Rank hold HDB as of Q1 2026.

Lazard Asset Management held 10,937,089 shares of HDFC Bank worth $272M as of Q1 2026.
Lazard Asset Management sold 1,541,252 HDFC Bank shares in Q1 2026, an estimated $47.9M.
HDFC Bank made up 0.45% of Lazard Asset Management's portfolio in Q1 2026, its #55 holding.
Lazard Asset Management first reported a position in HDFC Bank in Q2 2013 and has held it in 52 quarters since.
Lazard Asset Management's HDFC Bank position peaked at $456M in Q4 2025.
600 funds tracked by Wall St. Rank held HDFC Bank as of Q1 2026.

Based on Lazard Asset Management's 13F filing for Q1 2026, filed 15 May 2026.