TCCM
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Two Creeks Capital Management’s HDFC Bank HDB Stock Holding History

Two Creeks 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 		$14.2M Sell
571,154
-172,177
-23% -$5.35M 1.46% 21
2025
Q4 		$27.2M Buy
743,331
+6,436
+0.9% +$232K 2.23% 24
2025
Q3 		$25.2M Sell
736,895
-595,045
-45% -$21.9M 1.81% 22
2025
Q2 		$51.1M Sell
1,331,940
-577,288
-30% -$20.9M 3.35% 17
2025
Q1 		$63.4M Buy
1,909,228
+3,938
+0.2% +$120K 4.05% 14
2024
Q4 		$60.8M Sell
1,905,290
-946,428
-33% -$30.3M 3.71% 14
2024
Q3 		$89.2M Sell
2,851,718
-244,484
-8% -$7.51M 5.88% 8
2024
Q2 		$99.6M Sell
3,096,202
-2,779,106
-47% -$81.4M 6.19% 9
2024
Q1 		$164M Sell
5,875,308
-1,550,358
-21% -$44M 9.47% 3
2023
Q4 		$249M Buy
7,425,666
+1,072,770
+17% +$32.4M 15.61% 1
2023
Q3 		$187M Buy
6,352,896
+190,244
+3% +$6.2M 12.09% 2
2023
Q2 		$215M Hold
6,162,652
– – 12.92% 1
2023
Q1 		$205M Buy
6,162,652
+657,472
+12% +$22M 13.69% 1
2022
Q4 		$188M Buy
5,505,180
+528,934
+11% +$17.2M 13.43% 2
2022
Q3 		$145M Buy
4,976,246
+492,144
+11% +$15.1M 10.52% 5
2022
Q2 		$123M Sell
4,484,102
-164,400
-4% -$4.64M 8.47% 5
2022
Q1 		$143M Sell
4,648,502
-2,165,268
-32% -$70.4M 8.14% 6
2021
Q4 		$222M Hold
6,813,770
– – 11.33% 3
2021
Q3 		$249M Buy
6,813,770
+457,614
+7% +$17M 13.18% 2
2021
Q2 		$232M Buy
6,356,156
+326,248
+5% +$11.9M 13.22% 3
2021
Q1 		$234M Sell
6,029,908
-1,259,528
-17% -$49.4M 14.29% 1
2020
Q4 		$263M Sell
7,289,436
-1,562,958
-18% -$49.8M 14.38% 1
2020
Q3 		$221M Sell
8,852,394
-806,606
-8% -$19.6M 14.44% 1
2020
Q2 		$220M Buy
9,659,000
+987,252
+11% +$20.3M 15.31% 1
2020
Q1 		$167M Buy
8,671,748
+3,310,458
+62% +$89.1M 13.55% 1
2019
Q4 		$170M Sell
5,361,290
-240,210
-4% -$7.31M 10.97% 1
2019
Q3 		$160M Buy
5,601,500
+1,730,992
+45% +$49.3M 10.44% 2
2019
Q2 		$126M Sell
3,870,508
-268,788
-6% -$8.1M 7.66% 3
2019
Q1 		$120M Hold
4,139,296
– – 8.1% 4
2018
Q4 		$107M Buy
4,139,296
+8,420
+0.2% +$199K 7.25% 4
2018
Q3 		$97.2M Hold
4,130,876
– – 5.41% 7
2018
Q2 		$108M Hold
4,130,876
– – 5.63% 5
2018
Q1 		$102M Buy
4,130,876
+376,372
+10% +$9.48M 5.54% 7
2017
Q4 		$95.4M Hold
3,754,504
– – 5.1% 8
2017
Q3 		$90.5M Sell
3,754,504
-1,177,356
-24% -$28M 5.14% 9
2017
Q2 		$107M Sell
4,931,860
-3,797,140
-44% -$79.3M 6.53% 6
2017
Q1 		$164M Buy
8,729,000
+227,384
+3% +$3.96M 9.95% 5
2016
Q4 		$129M Hold
8,501,616
– – 8.19% 6
2016
Q3 		$153M Sell
8,501,616
-364,528
-4% -$6.41M 9.37% 4
2016
Q2 		$147M Buy
8,866,144
+58,564
+0.7% +$933K 9.73% 7
2016
Q1 		$136M Buy
8,807,580
+1,331,544
+18% +$19M 11.68% 4
2015
Q4 		$115M Buy
7,476,036
+206,172
+3% +$3.12M 9.46% 6
2015
Q3 		$111M Buy
7,269,864
+1,087,024
+18% +$16.4M 11.24% 3
2015
Q2 		$93.6M Sell
6,182,840
-559,228
-8% -$8.12M 9.24% 3
2015
Q1 		$99.3M Buy
6,742,068
+1,148,812
+21% +$16.8M 10.83% 3
2014
Q4 		$71M Buy
+5,593,256
New +$70.6M 8.47% 5

Other funds holding HDB

Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
GQG Partners
GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Schroder Investment Management Group
Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return
Principal Financial Group
Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return
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 $70.2B AUM 29.99% 1-Year Est. Return

Two Creeks Capital Management's HDB Position: Q1 2026 in Review

Two Creeks Capital Management reduced its HDFC Bank (HDB) stake by 23% in Q1 2026, selling an estimated $5.35M and leaving 571,154 shares worth $14.2M. The position accounts for 1.46% of the portfolio, ranked #21.

Two Creeks Capital Management first reported a position in HDB in Q4 2014 and has held it in 46 quarters since. The position peaked at $263M in Q4 2020. 600 funds tracked by Wall St. Rank hold HDB as of Q1 2026.

  • Two Creeks Capital Management held 571,154 shares of HDFC Bank worth $14.2M as of Q1 2026.
  • Two Creeks Capital Management sold 172,177 HDFC Bank shares in Q1 2026, an estimated $5.35M.
  • HDFC Bank made up 1.46% of Two Creeks Capital Management's portfolio in Q1 2026, its #21 holding.
  • Two Creeks Capital Management first reported a position in HDFC Bank in Q4 2014 and has held it in 46 quarters since.
  • Two Creeks Capital Management's HDFC Bank position peaked at $263M in Q4 2020.
  • 600 funds tracked by Wall St. Rank held HDFC Bank as of Q1 2026.

Based on Two Creeks Capital Management's 13F filing for Q1 2026, filed 15 May 2026.