Who owns HDB (HDB)
Which tracked institutional funds hold HDB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HDB company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on HDB is one-sided between 2025-Q4 and 2026-Q1: 95 added or opened and 359 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HDB’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HDB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 600 tracked filers holding HDB, 250 increased or opened the position and 401 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HDB between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 40
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$96M
- CIBC Bancorp USA Inc.$68M
- Qube Research & Technologies Ltd$52M
- NINE MASTS CAPITAL Ltd$47M
- Aquatic Capital Management LLC$27M
- HRT FINANCIAL LP$19M
Full exits 57
- Hardman Johnston Global Advisors LLC$162M
- CCLA Investment Management$157M
- Driehaus Capital Management LLC$136M
- CIBC Private Wealth Group LLC$98M
- Baird Financial Group, Inc.$95M
- CI INVESTMENTS INC.$54M
Largest adds
- PRINCIPAL FINANCIAL GROUP INC$443M
- MILLENNIUM MANAGEMENT LLC$120M
- JONES FINANCIAL COMPANIES LLLP$107M
- Man Group plc$95M
- TWO SIGMA INVESTMENTS, LP$84M
- JANE STREET GROUP, LLC$81M
Largest trims
- GQG Partners LLC$1.1B
- Harding Loevner LP$551M
- FIL Ltd$436M
- ROYAL BANK OF CANADA$402M
- SCHRODER INVESTMENT MANAGEMENT GROUP$400M
- FMR LLC$313M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ROYAL BANK OF CANADA added | 42,418,483 | $1.1B | 6.9% | 2026-Q1 |
| GQG Partners LLC trimmed | 34,095,946 | $848M | 5.6% | 2026-Q1 |
| MORGAN STANLEY added | 30,807,471 | $766M | 5.0% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 22,513,235 | $560M | 3.7% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 17,977,844 | $447M | 2.9% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 18,266,121 | $440M | 2.9% | 2026-Q1 |
| FIL Ltd trimmed | 16,717,438 | $416M | 2.7% | 2026-Q1 |
| Harding Loevner LP trimmed | 14,857,557 | $370M | 2.4% | 2026-Q1 |
| Temasek Holdings (Private) Ltd added | 12,559,656 | $312M | 2.0% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 12,523,084 | $312M | 2.0% | 2026-Q1 |
| Fisher Asset Management, LLC added | 12,229,278 | $304M | 2.0% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 9,630,963 | $276M | 1.8% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 11,086,664 | $276M | 1.8% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 10,937,089 | $272M | 1.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 10,549,235 | $262M | 1.7% | 2026-Q1 |
| Man Group plc added | 10,492,381 | $261M | 1.7% | 2026-Q1 |
| Invesco Ltd. trimmed | 10,463,373 | $260M | 1.7% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 9,564,490 | $238M | 1.6% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 8,827,002 | $220M | 1.4% | 2026-Q1 |
| Boston Partners added | 7,815,820 | $194M | 1.3% | 2026-Q1 |
| Trinity Street Asset Management LLP added | 7,724,700 | $192M | 1.3% | 2026-Q1 |
| C WorldWide Group Holding A/S trimmed | 7,332,764 | $182M | 1.2% | 2026-Q1 |
| Kontiki Capital Management (HK) Ltd. trimmed | 7,028,262 | $175M | 1.1% | 2026-Q1 |
| M&G PLC trimmed | 6,544,365 | $164M | 1.1% | 2026-Q1 |
| BAILLIE GIFFORD & CO added | 6,538,950 | $163M | 1.1% | 2026-Q1 |
| FMR LLC trimmed | 6,288,448 | $156M | 1.0% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 6,078,639 | $151M | 1.0% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 6,048,718 | $150M | 1.0% | 2026-Q1 |
| ALTRINSIC GLOBAL ADVISORS LLC added | 5,979,695 | $149M | 1.0% | 2026-Q1 |
| DODGE & COX added | 5,688,300 | $142M | 0.9% | 2026-Q1 |
| Sustainable Growth Advisers, LP trimmed | 5,225,907 | $130M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp added | 5,026,172 | $125M | 0.8% | 2026-Q1 |
| BlackRock, Inc. trimmed | 4,873,195 | $121M | 0.8% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 4,833,103 | $120M | 0.8% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 4,714,099 | $117M | 0.8% | 2026-Q1 |
| Northcape Capital Pty Ltd trimmed | 4,693,649 | $117M | 0.8% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 4,395,652 | $109M | 0.7% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 4,403,860 | $107M | 0.7% | 2026-Q1 |
| PGGM Investments added | 4,275,216 | $106M | 0.7% | 2026-Q1 |
| NATIXIS ADVISORS, LLC trimmed | 4,230,951 | $105M | 0.7% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 4,150,539 | $103M | 0.7% | 2026-Q1 |
| Aikya Investment Management Ltd trimmed | 4,123,527 | $103M | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 3,923,093 | $98M | 0.6% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 3,846,825 | $96M | 0.6% | 2026-Q1 |
| PineStone Asset Management Inc. trimmed | 3,782,384 | $94M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 3,646,088 | $91M | 0.6% | 2026-Q1 |
| Artisan Partners Limited Partnership trimmed | 3,610,885 | $90M | 0.6% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 3,576,736 | $89M | 0.6% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 3,313,424 | $82M | 0.5% | 2026-Q1 |
| Rathbones Group PLC added | 3,262,790 | $81M | 0.5% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 3,403,134 | $81M | 0.5% | 2026-Q1 |
| MARSHALL WACE, LLP added | 3,229,052 | $80M | 0.5% | 2026-Q1 |
| OMERS ADMINISTRATION Corp added | 3,167,310 | $79M | 0.5% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 3,188,030 | $79M | 0.5% | 2026-Q1 |
| STATE STREET CORP added | 3,160,640 | $79M | 0.5% | 2026-Q1 |
| Charles-Lim Capital Ltd added | 3,000,000 | $75M | 0.5% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 2,997,676 | $75M | 0.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,898,342 | $72M | 0.5% | 2026-Q1 |
| Fiera Capital Corp trimmed | 2,884,136 | $72M | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 2,842,114 | $71M | 0.5% | 2026-Q1 |
| CIBC Bancorp USA Inc. new | 2,739,673 | $68M | 0.4% | 2026-Q1 |
| Nuveen, LLC added | 2,732,716 | $68M | 0.4% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 2,697,209 | $67M | 0.4% | 2026-Q1 |
| Mawer Investment Management Ltd. trimmed | 2,684,930 | $67M | 0.4% | 2026-Q1 |
| ROYAL LONDON ASSET MANAGEMENT LTD trimmed | 2,661,240 | $66M | 0.4% | 2026-Q1 |
| State of New Jersey Common Pension Fund D added | 2,572,504 | $64M | 0.4% | 2026-Q1 |
| EARNEST PARTNERS LLC trimmed | 2,563,181 | $64M | 0.4% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 2,425,460 | $60M | 0.4% | 2026-Q1 |
| Mondrian Investment Partners LTD added | 2,340,619 | $58M | 0.4% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 2,207,955 | $55M | 0.4% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 2,099,343 | $52M | 0.3% | 2026-Q1 |
| HUDSON EDGE INVESTMENT PARTNERS INC. added | 2,033,200 | $51M | 0.3% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 1,932,932 | $48M | 0.3% | 2026-Q1 |
| SG Americas Securities, LLC added | 1,913,692 | $48M | 0.3% | 2026-Q1 |
| Ovata Capital Management Ltd added | 1,986,361 | $47M | 0.3% | 2026-Q1 |
| NINE MASTS CAPITAL Ltd added | 1,900,809 | $47M | 0.3% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 1,900,302 | $47M | 0.3% | 2026-Q1 |
| Intermede Investment Partners Ltd trimmed | 1,871,235 | $47M | 0.3% | 2026-Q1 |
| FLOSSBACH VON STORCH SE added | 1,802,765 | $45M | 0.3% | 2026-Q1 |
| Orbis Allan Gray Ltd added | 1,787,896 | $44M | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 1,745,521 | $43M | 0.3% | 2026-Q1 |
| BESSEMER GROUP INC trimmed | 1,628,845 | $41M | 0.3% | 2026-Q1 |
| Holocene Advisors, LP added | 1,587,186 | $39M | 0.3% | 2026-Q1 |
| Perpetual Ltd trimmed | 1,555,206 | $39M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,552,909 | $39M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,533,180 | $38M | 0.2% | 2026-Q1 |
| Aberdeen Group plc added | 1,521,327 | $38M | 0.2% | 2026-Q1 |
| MARTIN CURRIE LTD trimmed | 2,838,942 | $218M | 1.4% | 2025-Q2 stale |
| Hardman Johnston Global Advisors LLC added | 4,428,563 | $162M | 1.1% | 2025-Q4 stale |
| CCLA Investment Management trimmed | 4,286,185 | $157M | 1.0% | 2025-Q4 stale |
| Driehaus Capital Management LLC added | 3,722,331 | $136M | 0.9% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd added | 3,317,169 | $113M | 0.7% | 2025-Q3 stale |
| CIBC Private Wealth Group LLC added | 2,671,173 | $98M | 0.6% | 2025-Q4 stale |
| Baird Financial Group, Inc. added | 2,587,809 | $95M | 0.6% | 2025-Q4 stale |
| EMINENCE CAPITAL, LP added | 1,186,551 | $79M | 0.5% | 2025-Q1 stale |
| Egerton Capital (UK) LLP trimmed | 1,116,493 | $74M | 0.5% | 2025-Q1 stale |
| INDUS CAPITAL PARTNERS, LLC trimmed | 743,077 | $57M | 0.4% | 2025-Q2 stale |
| CI INVESTMENTS INC. added | 1,474,680 | $54M | 0.4% | 2025-Q4 stale |
| PINEBRIDGE INVESTMENTS, L.P. added | 1,197,800 | $41M | 0.3% | 2025-Q3 stale |
| Carrhae Capital LLP added | 595,900 | $40M | 0.3% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.