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

SecurityHDB / HDFC Bank Limited - Depositary Receipt (Common Stock)
InstitutionVestmark Advisory Solutions, Inc.
Latest Disclosed Ownership154,842 shares
Latest Disclosed Value $ 3,852,488
Vestmark Advisory Solutions, Inc. reports 20.79% decrease in ownership of HDB / HDFC Bank Limited - Depositary Receipt (Common Stock)

On May 15, 2026 - Vestmark Advisory Solutions, Inc. filed a 13F-HR form disclosing ownership of 154,842 shares of HDFC Bank Limited - Depositary Receipt (Common Stock) (US:HDB) valued at $3,852,469 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 195,493 shares of HDFC Bank Limited - Depositary Receipt (Common Stock). This represents a change in shares of -20.79% during the quarter. The current value of the position is $3,646,529 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)
2026-05-15 2026-03-31 13F HDFC BANK SPONSORED ADS 40415F101 154,842 -40,651 -20.79 3,852 -46.07 0.0265
2026-02-06 2025-12-31 13F HDFC BANK SPONSORED ADS 40415F101 195,493 139,024 246.20 7,143 270.49 0.0964
2025-11-10 2025-09-30 13F HDFC BANK SPONSORED ADS 40415F101 56,469 30,598 118.27 1,929 -2.77 0.0368
2025-08-06 2025-06-30 13F HDFC BANK SPONSORED ADS 40415F101 25,871 -25,055 -49.20 1,984 -41.38 0.0286
2025-05-13 2025-03-31 13F HDFC BANK SPONSORED ADS 40415F101 50,926 23,469 85.48 3,384 92.98 0.0871
2025-02-06 2024-12-31 13F HDFC BANK SPONSORED ADS 40415F101 27,457 3,925 16.68 1,753 19.09 0.0604
2024-11-14 2024-09-30 13F HDFC BANK SPONSORED ADS 40415F101 23,532 4,694 24.92 1,472 21.55 0.0548
2024-08-12 2024-06-30 13F HDFC BANK SPONSORED ADS 40415F101 18,838 795 4.41 1,212 20.02 0.0506
2024-05-15 2024-03-31 13F HDFC BANK SPONSORED ADS 40415F101 18,043 -13,700 -43.16 1,010 -52.63 0.0435
2024-02-06 2023-12-31 13F HDFC BANK SPONSORED ADS 40415F101 31,743 4,410 16.13 2,130 32.13 0.1082
2023-11-06 2023-09-30 13F HDFC BANK SPONSORED ADS 40415F101 27,333 -9,927 -26.64 1,613 -37.93 0.1172
2023-08-07 2023-06-30 13F HDFC BANK SPONSORED ADS 40415F101 37,260 1,042 2.88 2,597 7.58 0.0989
2023-05-09 2023-03-31 13F HDFC BANK SPONSORED ADS 40415F101 36,218 2,890 8.67 2,415 5.88 0.1046
2023-01-20 2022-12-31 13F HDFC BANK SPONSORED ADS 40415F101 33,328 11,206 50.66 2,280 76.33 0.1111
2022-11-03 2022-09-30 13F HDFC BANK SPONSORED ADS 40415F101 22,122 4,746 27.31 1,293 35.39 0.0721
2022-08-04 2022-06-30 13F HDFC BANK SPONSORED ADS 40415F101 17,376 2,789 19.12 955 6.70 0.0545
2022-04-27 2022-03-31 13F HDFC BANK SPONSORED ADS 40415F101 14,587 4,684 47.30 895 38.98 0.0507
2022-01-31 2021-12-31 13F HDFC BANK SPONSORED ADS 40415F101 9,903 -4,212 -29.84 644 -37.60 0.0363
2021-11-15 2021-09-30 13F HDFC BANK SPONSORED ADS 40415F101 14,115 2,228 18.74 1,032 18.76 0.0699
2021-08-09 2021-06-30 13F HDFC BANK SPONSORED ADS 40415F101 11,887 718 6.43 869 0.12 0.0618
2021-05-10 2021-03-31 13F HDFC BANK SPONSORED ADS 40415F101 11,169 3,694 49.42 868 60.74 0.0770
2021-02-04 2020-12-31 13F HDFC BANK SPONSORED ADS 40415F101 7,475 7,475 540 0.0606
2020-02-14 2019-12-31 13F HDFC BANK SPONSORED ADS 40415F101 0 -4,054 -100.00 0 -100.00
2019-11-05 2019-09-30 13F HDFC BANK SPONSORED ADS 40415F101 4,054 2,404 145.70 231 7.44 0.0375
2019-08-20 2019-06-30 13F HDFC BANK SPONSORED ADS 40415F101 1,650 1,650 215 0.0368
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.