Theleme Partners’s HDFC Bank HDB Stock Holding History

Theleme 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	-351,600	Closed	-$13.5M	–	11
2025 Q2	$13.5M	Sell	351,600 -650,000	-65%	-$23.6M	0.82%	10
2025 Q1	$33.3M	Hold	1,001,600	–	–	2.62%	10
2024 Q4	$32M	Sell	1,001,600 -25,400	-2%	-$812K	2.14%	9
2024 Q3	$32.1M	Buy	1,027,000 +425,000	+71%	+$13.1M	1.84%	10
2024 Q2	$19.4M	Buy	602,000 +180,000	+43%	+$5.27M	0.93%	9
2024 Q1	$11.8M	Buy	+422,000	New	+$12M	0.6%	8
2022 Q3	–	Sell	-185,200	Closed	-$5.09M	–	11
2022 Q2	$5.09M	Buy	185,200 +30,600	+20%	+$863K	0.2%	12
2022 Q1	$4.74M	Buy	+154,600	New	+$5.02M	0.15%	11
2020 Q4	–	Sell	-800,000	Closed	-$20M	–	19
2020 Q3	$20M	Hold	800,000	–	–	0.92%	15
2020 Q2	$18.2M	Hold	800,000	–	–	0.86%	15
2020 Q1	$15.4M	Buy	+800,000	New	+$21.5M	1.11%	14
2016 Q1	–	Sell	-560,000	Closed	-$8.62M	–	10
2015 Q4	$8.62M	Sell	560,000 -800,000	-59%	-$12.1M	0.56%	8
2015 Q3	$20.8M	Hold	1,360,000	–	–	1.46%	7
2015 Q2	$20.6M	Hold	1,360,000	–	–	1.31%	8
2015 Q1	$20M	Buy	+1,360,000	New	+$19.9M	1.34%	8

Other funds holding HDB

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

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

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

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

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

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

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

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Theleme Partners's HDB Position: Q3 2025 in Review

Theleme Partners sold out of HDFC Bank (HDB) in Q3 2025, closing a stake of 351,600 shares — an estimated $13.5M sold.

Theleme Partners first reported a position in HDB in Q1 2015 and held it in 15 quarters. The position peaked at $33.3M in Q1 2025. 636 funds tracked by Wall St. Rank hold HDB as of Q3 2025.

Theleme Partners reported no remaining HDFC Bank position as of Q3 2025 after selling out during the quarter.
Theleme Partners sold 351,600 HDFC Bank shares in Q3 2025, an estimated $13.5M.
Theleme Partners first reported a position in HDFC Bank in Q1 2015 and held it in 15 quarters.
Theleme Partners's HDFC Bank position peaked at $33.3M in Q1 2025.
636 funds tracked by Wall St. Rank held HDFC Bank as of Q3 2025.

Based on Theleme Partners's 13F filing for Q3 2025, filed 13 Nov 2025.