L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 2 May 2025
Managers listing it
24
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 21 listed it in both
Shares listed
49,190,832
combined, among listed positions
Reported value
$3.3bn
combined, at the quarter end

Among the 95 comparable managers: 11 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing HDB in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

24 of 24 holders

ActionFiling
Fidelity (FMR LLC)7,810,105$519munder 0.1%Added+16,9925 Nov 2026 (the filing on sec.gov)
MFS Investment Management6,250,093$415m0.14%Added+1,545,6392 May 2025 (the filing on sec.gov)
Invesco Ltd6,048,960$402m0.08%Added+96,06512 May 2025 (the filing on sec.gov)
Wellington Management Group LLP4,744,000$315m0.06%Trimmed-172,11513 May 2025 (the filing on sec.gov)
Millennium Management LLC3,822,519$254m0.14%New-24,07115 May 2025 (the filing on sec.gov)
Baillie Gifford & Co3,562,073$237m0.21%Trimmed-53,6777 May 2025 (the filing on sec.gov)
Dodge & Cox3,232,300$215m0.12%Trimmed-39,30014 May 2025 (the filing on sec.gov)
Capital Research Global Investors2,509,621$167munder 0.1%Trimmed-21212 May 2025 (the filing on sec.gov)
Capital World Investors2,103,242$140munder 0.1%Trimmed-3,668,34612 May 2025 (the filing on sec.gov)
Artisan Partners LP1,829,319$122m0.20%Trimmed-30,49014 May 2025 (the filing on sec.gov)
Steadfast Capital Management LP1,258,200$84m2.22%Added+1,074,00015 May 2025 (the filing on sec.gov)
Egerton Capital UK LLP1,116,493$74m0.86%Trimmed-24,0186 May 2025 (the filing on sec.gov)
Two Sigma Advisers LP958,200$64m0.14%Newnew15 May 2025 (the filing on sec.gov)
Janus Henderson Group Ltd927,847$61munder 0.1%Trimmed-46,13215 May 2025 (the filing on sec.gov)
Marshall Wace LLP792,555$53m0.07%Added+425,75915 May 2025 (the filing on sec.gov)
Elliott Investment Management LP670,215$45m0.29%Held015 May 2025 (the filing on sec.gov)
Polen Capital Management LLC651,063$43m0.14%Trimmed-123,51712 May 2025 (the filing on sec.gov)
Acadian Asset Management LLC291,487$19m0.05%Newnew21 May 2025 (the filing on sec.gov)
Discovery Capital Management LLC257,200$17m2.04%Added+197,00015 May 2025 (the filing on sec.gov)
Maverick Capital Ltd175,390$12m0.21%Added+30,07615 May 2025 (the filing on sec.gov)
Oaktree Capital Management LP89,697$6.0m0.12%Held015 May 2025 (the filing on sec.gov)
Southeastern Asset Management Inc46,922$3.1m0.17%Trimmed-16,56715 May 2025 (the filing on sec.gov)
Winton Group Ltd25,350$1.7m0.10%Held015 May 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP17,981$1.2munder 0.1%Newnew15 May 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q4 2024 to Q1 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
20 in Q3 2024 to 21 in Q2 2026

Tracked managers listing it, at least.

0102030split2014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
HDB by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20137$519mn.a.n.a.
Q3 20138$417mn.a.n.a.
Q4 20135$302mn.a.n.a.
Q1 20146$608mn.a.n.a.
Q2 20149$1.2bnn.a.n.a.
Q3 20148$1.3bnn.a.n.a.
Q4 20146$1.6bnn.a.n.a.
Q1 201513$2.4bnn.a.n.a.
Q2 201513$2.5bnn.a.n.a.
Q3 201512$2.8bnn.a.n.a.
Q4 201512$2.9bnn.a.n.a.
Q1 201613$3.0bnn.a.n.a.
Q2 201613$3.1bnn.a.n.a.
Q3 201611$3.2bnn.a.n.a.
Q4 201614$2.6bnn.a.n.a.
Q1 201712$3.1bnn.a.n.a.
Q2 201715$3.7bnn.a.n.a.
Q3 201716$4.0bnn.a.n.a.
Q4 201715$4.1bnn.a.n.a.
Q1 201818$4.1bnn.a.n.a.
Q2 201815$3.7bnn.a.n.a.
Q3 201813$3.8bnn.a.n.a.
Q4 201814$4.1bnn.a.n.a.
Q1 201914$4.6bnn.a.n.a.
Q2 201914$5.1bnn.a.n.a.
Q3 201914$3.8bnn.a.n.a.
Q4 201915$4.5bnn.a.n.a.
Q1 202013$1.8bnn.a.n.a.
Q2 202013$2.4bnn.a.n.a.
Q3 202013$2.6bnn.a.n.a.
Q4 202013$3.7bnn.a.n.a.
Q1 202114$3.7bnn.a.n.a.
Q2 202116$3.7bnn.a.n.a.
Q3 202116$3.6bnn.a.n.a.
Q4 202115$3.2bnn.a.n.a.
Q1 202217$3.2bnn.a.n.a.
Q2 202212$2.4bnn.a.n.a.
Q3 202215$2.7bnn.a.n.a.
Q4 202215$3.3bnn.a.n.a.
Q1 202319$3.4bnn.a.n.a.
Q2 202322$4.0bnn.a.n.a.
Q3 202321$3.6bnn.a.n.a.
Q4 202324$4.3bn175
Q1 202419$3.0bn138
Q2 202421$3.9bn155
Q3 202420$2.8bn128
Q4 202424$3.2bn149
Q1 202524$3.3bn1111
Q2 202521$3.7bn815
Q3 2025 (split)22$3.1bn00
Q4 202521$2.5bn1524
Q1 202624$1.8bn2518
Q2 202621$1.9bn1228

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

HDB and BAC →HDB and JPM →HDB and WFC →Choose a stock to compare with HDB →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own HDB, latest filings →Back to the 13F Explorer →