Who Owns HDFC Bank Limited (HDB)?Hedge Fund & Institutional Holders
Institutional Holders
50
as of Q4 2025
Total Institutional Value
$InfinityT
% of Float Held
—
QoQ Change in Holders
+8 / -3
Price History
HDB — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| Robeco Institutional Asset Management B.V. | New Position | +12.4M | +$452.8B |
| ROYAL BANK OF CANADA | Increased | +9.5M | +$415.0B |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New Position | +10.3M | +$375.1B |
| BANK OF AMERICA CORP /DE/ | Increased | +1.1M | +$270.8B |
| Trinity Street Asset Management LLP | New Position | +6.1M | +$221.7B |
| BAILLIE GIFFORD & CO | New Position | +5.7M | +$210.0B |
| Aikya Investment Management Ltd | New Position | +4.7M | +$172.8B |
| Man Group plc | Increased | +4.5M | +$164.8B |
| Hardman Johnston Global Advisors LLC | New Position | +4.4M | +$161.8B |
| 1832 Asset Management L.P. | Increased | +3.5M | +$133.4B |
| Fisher Asset Management, LLC | Increased | +2.7M | +$119.7B |
| Sumitomo Mitsui Trust Group, Inc. | New Position | +3.2M | +$117.6B |
| Mawer Investment Management Ltd. | New Position | +3.2M | +$116.0B |
| Boston Partners | Increased | +2.4M | +$97.9B |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Increased | +1.0M | +$93.4B |
HDB — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| Sustainable Growth Advisers, LP | Decreased | -5.2M | -$164.2B |
| CIBC Bancorp USA Inc. | Closed Position | -2.6M | -$87.7B |
| MARSHALL WACE, LLP | Decreased | -1.9M | -$81.4B |
| MILLENNIUM MANAGEMENT LLC | Decreased | -2.4M | -$81.0B |
| TWO SIGMA INVESTMENTS, LP | Decreased | -1.4M | -$48.5B |
| CITIGROUP INC | Decreased | -1.4M | -$47.9B |
| PineBridge Investments, L.P. | Closed Position | -1.2M | -$40.9B |
| AMERICAN CENTURY COMPANIES INC | Decreased | -1.2M | -$37.3B |
| WELLINGTON MANAGEMENT GROUP LLP | Decreased | -1.7M | -$36.4B |
| JANE STREET GROUP, LLC | Decreased | -998K | -$35.4B |
| JANUS HENDERSON GROUP PLC | Decreased | -921K | -$29.9B |
| HSBC HOLDINGS PLC | Decreased | -951K | -$27.7B |
| Greenfield Seitz Capital Management, LLC | Decreased | -413K | -$26.6B |
| TWO SIGMA ADVISERS, LP | Decreased | -756K | -$26.0B |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | Closed Position | -589K | -$20.1B |
Top Institutional Holders(Q4 2025)
| # | Fund | Shares | Value | % of Portfolio | Type |
|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 38,456,902 | $1.4T | 0.23% | Share |
| 2 | HARDING LOEVNER LP | 25,187,687 | $920.0B | 8.10% | Share |
| 3 | Robeco Institutional Asset Management B.V. | 12,392,854 | $452.8B | 0.64% | Share |
| 4 | Fisher Asset Management, LLC | 11,850,762 | $433.0B | 0.15% | Share |
| 5 | FIL Ltd | 11,805,917 | $431.0B | 0.32% | Share |
| 6 | LAZARD ASSET MANAGEMENT LLC | 11,673,501 | $426.0B | 0.72% | Share |
| 7 | Temasek Holdings (Private) Ltd | 10,873,380 | $397.0B | 1.26% | Share |
| 8 | FRANKLIN RESOURCES INC | 10,643,842 | $388.0B | 0.10% | Share |
| 9 | SCHRODER INVESTMENT MANAGEMENT GROUP | 10,365,686 | $378.0B | 0.29% | Share |
| 10 | BROWN ADVISORY INC | 10,001,174 | $365.0B | 0.51% | Share |
| 11 | FIL Ltd | 9,573,338 | $349.0B | 0.26% | Share |
| 12 | Kontiki Capital Management (HK) Ltd. | 7,362,626 | $269.0B | 15.64% | Share |
| 13 | SCHRODER INVESTMENT MANAGEMENT GROUP | 7,093,619 | $259.0B | 0.20% | Share |
| 14 | M&G Plc | 6,804,212 | $251.0B | 1.29% | Share |
| 15 | SCHRODER INVESTMENT MANAGEMENT GROUP | 6,387,476 | $233.0B | 0.18% | Share |
| 16 | SEI INVESTMENTS CO | 6,303,046 | $230.0B | 0.23% | Share |
| 17 | WELLINGTON MANAGEMENT GROUP LLP | 6,268,316 | $229.0B | 0.04% | Share |
| 18 | JPMORGAN CHASE & CO | 6,226,276 | $227.0B | 0.01% | Share |
| 19 | SANDS CAPITAL MANAGEMENT, LLC | 6,117,362 | $223.5B | 0.68% | Share |
| 20 | Trinity Street Asset Management LLP | 6,067,000 | $221.7B | 13.93% | Share |
| 21 | Fiera Capital Corp | 5,953,399 | $217.0B | 0.69% | Share |
| 22 | JPMORGAN CHASE & CO | 5,846,695 | $213.0B | 0.01% | Share |
| 23 | Boston Partners | 5,851,288 | $213.0B | 0.22% | Share |
| 24 | 1832 Asset Management L.P. | 5,730,427 | $209.0B | 0.16% | Share |
| 25 | DODGE & COX | 5,501,800 | $201.0B | 0.11% | Share |
| 26 | Clearbridge Investments, LLC | 5,160,331 | $188.0B | 0.15% | Share |
| 27 | BANK OF AMERICA CORP /DE/ | 5,068,762 | $185.0B | 0.01% | Share |
| 28 | FMR LLC | 4,995,473 | $182.0B | 0.01% | Share |
| 29 | BAILLIE GIFFORD & CO | 4,742,677 | $173.3B | 0.14% | Share |
| 30 | Aikya Investment Management Ltd | 4,729,768 | $172.8B | 39.19% | Share |
| 31 | ROYAL LONDON ASSET MANAGEMENT LTD | 4,709,766 | $172.0B | 0.36% | Share |
| 32 | Capital Research Global Investors | 4,627,387 | $169.0B | 0.03% | Share |
| 33 | Man Group plc | 4,550,345 | $166.0B | 0.28% | Share |
| 34 | Hardman Johnston Global Advisors LLC | 4,428,563 | $161.8B | 7.71% | Share |
| 35 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 4,308,739 | $157.4B | 0.05% | Share |
| 36 | Capital World Investors | 4,248,902 | $155.0B | 0.02% | Share |
| 37 | FMR LLC | 4,234,734 | $154.0B | 0.01% | Share |
| 38 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 3,898,757 | $142.5B | 0.05% | Share |
| 39 | Connor, Clark & Lunn Investment Management Ltd. | 3,836,544 | $140.0B | 0.37% | Share |
| 40 | Sustainable Growth Advisers, LP | 3,789,133 | $138.5B | 0.96% | Share |
| 41 | DRIEHAUS CAPITAL MANAGEMENT LLC | 3,722,331 | $136.0B | 0.92% | Share |
| 42 | Artisan Partners Limited Partnership | 3,682,047 | $134.0B | 0.20% | Share |
| 43 | Invesco Ltd. | 3,270,107 | $119.5B | 0.02% | Share |
| 44 | Sumitomo Mitsui Trust Group, Inc. | 3,219,373 | $117.6B | 0.07% | Share |
| 45 | Mawer Investment Management Ltd. | 3,187,295 | $116.0B | 0.65% | Share |
| 46 | Invesco Ltd. | 2,994,125 | $109.4B | 0.02% | Share |
| 47 | STEADFAST CAPITAL MANAGEMENT LP | 2,842,300 | $103.9B | 1.78% | Share |
| 48 | JPMORGAN CHASE & CO | 2,784,136 | $101.0B | 0.01% | Share |
| 49 | Invesco Ltd. | 2,749,251 | $100.5B | 0.02% | Share |
| 50 | CIBC Private Wealth Group LLC | 2,670,515 | $97.0B | 0.16% | Share |
HDB Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 645 | $18.1T | +215 |
| Q3 2025 | 430 | $15.8T | -116 |
| Q2 2025 | 546 | $15.3T | -65 |
| Q1 2025 | 611 | $19.3T | +52 |
| Q4 2024 | 559 | $138.0T | +97 |
| Q3 2024 | 462 | $686.5T | +33 |
| Q2 2024 | 429 | $504.7T | +16 |
| Q1 2024 | 413 | $1533.6T | — |
Similar Stocks by Institutional Ownership
As of Q4 2025, 50 institutional investors hold HDB (HDFC Bank Limited). The largest holder is ROYAL BANK OF CANADA with $1.4T in shares. This quarter, 8 institutions opened new positions and 3 closed their positions.
Frequently Asked Questions
How many hedge funds own HDB?
As of Q4 2025, 50 institutional investors report holding HDB (HDFC Bank Limited) in their 13F filings.
Who is the largest institutional holder of HDB?
The largest institutional holder of HDB is ROYAL BANK OF CANADA with $1.4T in shares.
Is institutional ownership of HDB increasing or decreasing?
This quarter, 8 institutions opened new positions in HDB and 3 closed their positions.