Sands Capital Management
HDB icon

Sands Capital Management’s HDFC Bank HDB Stock Holding History

Sands Capital 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 		$22.6M Sell
907,652
-5,209,710
-85% -$162M 0.09% 53
2025
Q4 		$224M Sell
6,117,362
-73,426
-1% -$2.64M 0.68% 36
2025
Q3 		$211M Buy
6,190,788
+424,118
+7% +$15.6M 0.58% 39
2025
Q2 		$221M Sell
5,766,670
-55,710
-1% -$2.02M 0.63% 35
2025
Q1 		$193M Buy
5,822,380
+69,876
+1% +$2.13M 0.66% 35
2024
Q4 		$184M Sell
5,752,504
-30,322
-0.5% -$970K 0.54% 38
2024
Q3 		$181M Sell
5,782,826
-125,376
-2% -$3.85M 0.55% 43
2024
Q2 		$190M Buy
5,908,202
+1,042,268
+21% +$30.5M 0.56% 41
2024
Q1 		$136M Sell
4,865,934
-326,582
-6% -$9.26M 0.38% 44
2023
Q4 		$174M Buy
5,192,516
+260,000
+5% +$7.84M 0.53% 42
2023
Q3 		$146M Sell
4,932,516
-371,638
-7% -$12.1M 0.5% 43
2023
Q2 		$185M Sell
5,304,154
-110,208
-2% -$3.72M 0.57% 43
2023
Q1 		$180M Buy
5,414,362
+98,194
+2% +$3.28M 0.59% 44
2022
Q4 		$182M Sell
5,316,168
-1,005,478
-16% -$32.6M 0.69% 38
2022
Q3 		$185M Buy
6,321,646
+2,066,310
+49% +$63.5M 0.69% 39
2022
Q2 		$117M Sell
4,255,336
-99,424
-2% -$2.8M 0.4% 45
2022
Q1 		$134M Buy
4,354,760
+350,774
+9% +$11.4M 0.31% 44
2021
Q4 		$130M Sell
4,003,986
-405,998
-9% -$14.2M 0.24% 51
2021
Q3 		$161M Buy
4,409,984
+161,050
+4% +$5.97M 0.27% 46
2021
Q2 		$155M Buy
4,248,934
+764,040
+22% +$28M 0.26% 55
2021
Q1 		$135M Sell
3,484,894
-387,656
-10% -$15.2M 0.26% 52
2020
Q4 		$140M Sell
3,872,550
-77,618
-2% -$2.48M 0.27% 53
2020
Q3 		$98.7M Sell
3,950,168
-228,476
-5% -$5.54M 0.21% 57
2020
Q2 		$95M Buy
4,178,644
+372,894
+10% +$7.65M 0.23% 52
2020
Q1 		$73.2M Sell
3,805,750
-1,388,336
-27% -$37.4M 0.24% 50
2019
Q4 		$165M Buy
5,194,086
+1,149,718
+28% +$35M 0.48% 42
2019
Q3 		$115M Buy
4,044,368
+810,192
+25% +$23.1M 0.37% 45
2019
Q2 		$105M Buy
3,234,176
+428,908
+15% +$12.9M 0.31% 46
2019
Q1 		$81.3M Buy
2,805,268
+960,720
+52% +$24.9M 0.25% 44
2018
Q4 		$47.8M Buy
1,844,548
+297,924
+19% +$7.04M 0.17% 46
2018
Q3 		$36.4M Buy
1,546,624
+394,500
+34% +$10.1M 0.1% 47
2018
Q2 		$30.2M Buy
1,152,124
+118,800
+11% +$2.97M 0.09% 46
2018
Q1 		$25.5M Buy
1,033,324
+166,452
+19% +$4.19M 0.08% 44
2017
Q4 		$22M Buy
866,872
+530,992
+158% +$12.7M 0.07% 45
2017
Q3 		$8.09M Buy
335,880
+115,400
+52% +$2.74M 0.02% 52
2017
Q2 		$4.79M Buy
220,480
+31,800
+17% +$664K 0.01% 53
2017
Q1 		$3.55M Buy
+188,680
New +$3.29M 0.01% 52

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JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
HL
Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return
Temasek Holdings
Temasek Holdings Singapore $30.5B AUM 13.98% 1-Year Est. Return
Robeco Institutional Asset Management
Robeco Institutional Asset Management Rotterdam, Netherlands $81.4B AUM 40.71% 1-Year Est. Return

Sands Capital Management's HDB Position: Q1 2026 in Review

Sands Capital Management reduced its HDFC Bank (HDB) stake by 85% in Q1 2026, selling an estimated $162M and leaving 907,652 shares worth $22.6M. The position accounts for 0.09% of the portfolio, ranked #53.

Sands Capital Management first reported a position in HDB in Q1 2017 and has held it in 37 quarters since. The position peaked at $224M in Q4 2025. 600 funds tracked by Wall St. Rank hold HDB as of Q1 2026.

  • Sands Capital Management held 907,652 shares of HDFC Bank worth $22.6M as of Q1 2026.
  • Sands Capital Management sold 5,209,710 HDFC Bank shares in Q1 2026, an estimated $162M.
  • HDFC Bank made up 0.09% of Sands Capital Management's portfolio in Q1 2026, its #53 holding.
  • Sands Capital Management first reported a position in HDFC Bank in Q1 2017 and has held it in 37 quarters since.
  • Sands Capital Management's HDFC Bank position peaked at $224M in Q4 2025.
  • 600 funds tracked by Wall St. Rank held HDFC Bank as of Q1 2026.

Based on Sands Capital Management's 13F filing for Q1 2026, filed 8 May 2026.