HDFC Bank Limited - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US40415F1012

SecurityHDB / HDFC Bank Limited - Depositary Receipt (Common Stock)
InstitutionNorthern Trust Corp
Latest Disclosed Ownership1,483,263 shares
Latest Disclosed Value $ 36,903,584
Northern Trust Corp reports 12.44% decrease in ownership of HDB / HDFC Bank Limited - Depositary Receipt (Common Stock)

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 1,483,263 shares of HDFC Bank Limited - Depositary Receipt (Common Stock) (US:HDB) valued at $36,903,583 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,693,980 shares of HDFC Bank Limited - Depositary Receipt (Common Stock). This represents a change in shares of -12.44% during the quarter. The current value of the position is $35,642,810 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,483,263 -210,717 -12.44 36,904 -40.38 0.0010
2026-02-17 2025-12-31 13F HDFC BANK SPONSORED ADS 40415F101 1,693,980 -48,843 -2.80 61,898 3.97 0.0016
2025-11-14 2025-09-30 13F HDFC BANK SPONSORED ADS 40415F101 1,742,823 784,131 81.79 59,535 -19.00 0.0076
2025-08-13 2025-06-30 13F HDFC BANK SPONSORED ADS 40415F101 958,692 -141,848 -12.89 73,503 0.52 0.0101
2025-05-13 2025-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,100,540 84,952 8.36 73,120 12.74 0.0109
2025-02-14 2024-12-31 13F HDFC BANK SPONSORED ADS 40415F101 1,015,588 347,488 52.01 64,855 55.17 0.0092
2024-11-13 2024-09-30 13F HDFC BANK COM 40415F101 668,100 194,386 41.03 41,796 37.15 0.0068
2024-08-14 2024-06-30 13F HDFC BANK COM 40415F101 473,714 31,612 7.15 30,474 23.16 0.0051
2024-05-14 2024-03-31 13F HDFC BANK COM 40415F101 442,102 38,443 9.52 24,744 -8.66 0.0043
2024-02-13 2023-12-31 13F HDFC BANK COM 40415F101 403,659 17,795 4.61 27,090 18.97 0.0049
2023-11-13 2023-09-30 13F HDFC BANK COM 40415F101 385,864 44,648 13.08 22,770 -4.26 0.0044
2023-08-11 2023-06-30 13F HDFC BANK COM 40415F101 341,216 6,607 1.97 23,783 6.61 0.0046
2023-05-15 2023-03-31 13F HDFC BANK COM 40415F101 334,609 428 0.13 22,308 -2.42 0.0044
2023-02-13 2022-12-31 13F HDFC BANK COM 40415F101 334,181 -12,464 -3.60 22,861 12.89 0.0048
2022-11-14 2022-09-30 13F HDFC BANK COM 40415F101 346,645 -59,955 -14.75 20,251 -9.38 0.0046
2022-08-12 2022-06-30 13F HDFC BANK COM 40415F101 406,600 -79,046 -16.28 22,348 -24.97 0.0048
2022-05-13 2022-03-31 13F HDFC BANK COM 40415F101 485,646 -184,031 -27.48 29,784 -31.65 0.0052
2022-02-08 2021-12-31 13F HDFC BANK SPONSORED ADS 40415F101 669,677 -1,378,019 -67.30 43,576 -70.88 0.0071
2021-11-15 2021-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,047,696 -1,152,503 -36.01 149,665 -36.04 0.0265
2021-08-13 2021-06-30 13F HDFC BANK SPONSORED ADS 40415F101 3,200,199 -177,955 -5.27 233,999 -10.84 0.0412
2021-05-12 2021-03-31 13F HDFC BANK SPONSORED ADS 40415F101 3,378,154 182,775 5.72 262,448 13.66 0.0488
2021-02-11 2020-12-31 13F HDFC BANK SPONSORED ADS 40415F101 3,195,379 613,337 23.75 230,898 78.99 0.0450
2020-11-16 2020-09-30 13F HDFC BANK SPONSORED ADS 40415F101 2,582,042 286,529 12.48 128,997 23.61 0.0283
2020-08-14 2020-06-30 13F HDFC BANK COM 40415F101 2,295,513 8,988 0.39 104,354 18.66 0.0247
2020-05-14 2020-03-31 13F HDFC BANK SPONSORED ADS 40415F101 2,286,525 -101,850 -4.26 87,940 -41.90 0.0252
2020-02-14 2019-12-31 13F HDFC BANK SPONSORED ADS 40415F101 2,388,375 62,072 2.67 151,351 14.04 0.0339
2019-11-13 2019-09-30 13F HDFC BANK COM 40415F101 2,326,303 1,200,900 106.71 132,716 -9.31 0.0318
2019-08-13 2019-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,125,403 28,746 2.62 146,348 15.13 0.0347
2019-05-13 2019-03-31 13F HDFC BANK SPONSORED ADS 40415F101 1,096,657 76,650 7.51 127,114 20.30 0.0314
2019-02-12 2018-12-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 1,020,007 24,377 2.45 105,662 12.78 0.0296
2018-11-14 2018-09-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 995,630 29,264 3.03 93,689 -7.68 0.0229
2018-09-18 2018-06-30 13F/A-1 HDFC BANK ADR REPS 3 SHS 40415F101 966,366 54,829 6.02 101,487 12.72 0.0258
2018-08-14 2018-06-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 1,021,899 110,362 107,319
2018-05-09 2018-03-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 911,537 50,012 5.81 90,033 2.79 0.0234
2018-02-14 2017-12-31 13F HDFC BANK ADR REPS 3 SHS 40415F101 861,525 21,436 2.55 87,592 8.19 0.0222
2017-11-13 2017-09-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 840,089 71,761 9.34 80,960 21.16 0.0211
2017-08-11 2017-06-30 13F HDFC BANK COM 40415F101 768,328 42,946 5.92 66,821 22.46 0.0187
2017-05-12 2017-03-31 13F HDFC BANK COM 40415F101 725,382 84,766 13.23 54,564 40.36 0.0157
2017-02-13 2016-12-31 13F HDFC BANK COM 40415F101 640,616 -297,717 -31.73 38,873 -42.37 0.0119
2016-11-09 2016-09-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 938,333 22,601 2.47 67,457 11.03 0.0210
2016-08-12 2016-06-30 13F HDFC BANK ADR REPS 3 SHS 40415F101 915,732 52,912 6.13 60,758 15.02 0.0197
2016-08-19 2016-03-31 13F/A-1 HDFC BANK ADR REPS 3 SHS 40415F101 862,820 167,172 24.03 52,825 23.27 0.0175
2016-05-13 2016-03-31 13F Hdfc Bank ADR 40415F101 862,774 53,172
2016-02-12 2015-12-31 13F Hdfc Bank ADR 40415F101 695,648 98,743 16.54 42,853 17.52 0.0142
2015-11-12 2015-09-30 13F Hdfc Bank ADR 40415F101 596,905 596,905 0.00 36,465 0.0122
2015-08-13 2015-06-30 13F Hdfc Bank ADR 40415F101 0 -628,660 -100.00 0 -100.00
2015-05-14 2015-03-31 13F Hdfc Bank ADR 40415F101 628,660 26,622 4.42 37,021 21.17 0.0111
2015-02-12 2014-12-31 13F Hdfc Bank ADR 40415F101 602,038 -243,527 -28.80 30,552 -22.43 0.0092
2014-11-13 2014-09-30 13F Hdfc Bank ADR 40415F101 845,565 317,942 60.26 39,386 59.44 0.0124
2014-08-14 2014-06-30 13F HDFC BANK com 40415F101 527,623 -388,741 -42.42 24,703 -34.30 0.0077
2014-05-14 2014-03-31 13F HDFC BANK ADR 40415F101 916,364 600,047 189.70 37,599 245.17 0.0118
2014-02-21 2013-12-31 13F/A-1 HDFC BANK COM 40415F101 316,317 -56,699 -15.20 10,893 -5.12 0.0035
2014-02-12 2013-12-31 13F HDFC BANK COM 40415F101 316,317 10,893
2013-11-13 2013-09-30 13F HDFC BANK COM 40415F101 373,016 2,548 0.69 11,481 -14.49 0.0040
2013-08-09 2013-06-30 13F HDFC BANK COM 40415F101 370,468 370,468 13,426 0.0049
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.