L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
14 Nov 2025
latest of these filings; the earliest 29 Oct 2025
Managers listing it
22
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 20 listed it in both
Shares listed
90,047,577
combined, among listed positions
Reported value
$3.1bn
combined, at the quarter end

Q3 2025 looks like a 2-for-1 split: most managers that listed it in both quarters show the same change in shares. Additions and reductions this quarter are not read as buying or selling.

Managers listing HDB in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

22 of 22 holders

ActionFiling
Fidelity (FMR LLC)15,895,031$543munder 0.1%Added+6,421,32913 Nov 2025 (the filing on sec.gov)
Wellington Management Group LLP13,155,196$449m0.08%Added+6,386,00214 Nov 2025 (the filing on sec.gov)
Invesco Ltd12,338,006$421m0.07%Added+6,115,79713 Nov 2025 (the filing on sec.gov)
MFS Investment Management10,209,034$349m0.11%Added+4,810,04229 Oct 2025 (the filing on sec.gov)
Baillie Gifford & Co6,806,818$233m0.17%Added+3,353,10931 Oct 2025 (the filing on sec.gov)
Dodge & Cox6,214,800$212m0.11%Added+3,232,40013 Nov 2025 (the filing on sec.gov)
Capital Research Global Investors4,619,844$158munder 0.1%Added+2,312,62913 Nov 2025 (the filing on sec.gov)
Artisan Partners LP4,363,856$149m0.21%Added+2,535,01812 Nov 2025 (the filing on sec.gov)
Capital World Investors4,226,650$144munder 0.1%Added+2,125,09513 Nov 2025 (the filing on sec.gov)
Steadfast Capital Management LP2,442,400$83m1.46%Added+1,302,90014 Nov 2025 (the filing on sec.gov)
Marshall Wace LLP2,381,954$81m0.08%Addedn.a.13 Nov 2025 (the filing on sec.gov)
Janus Henderson Group Ltd2,368,975$81munder 0.1%Added+1,188,04814 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP1,975,583$67m0.10%Added+963,86814 Nov 2025 (the filing on sec.gov)
Two Sigma Advisers LP761,900$26m0.05%Trimmed-117,50014 Nov 2025 (the filing on sec.gov)
Discovery Capital Management LLC755,600$26m1.42%Added+240,70014 Nov 2025 (the filing on sec.gov)
Acadian Asset Management LLC609,162$21munder 0.1%Trimmed-92,84213 Nov 2025 (the filing on sec.gov)
Polen Capital Management LLC593,360$20m0.07%Added+22,68112 Nov 2025 (the filing on sec.gov)
Oaktree Capital Management LP151,206$5.2m0.08%Added+66,36313 Nov 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP68,872$2.3munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Winton Group Ltd50,700$1.7m0.06%Added+25,35013 Nov 2025 (the filing on sec.gov)
Southeastern Asset Management Inc49,874$1.7m0.09%Added+10,78014 Nov 2025 (the filing on sec.gov)
Harris Associates LP8,756$299kunder 0.1%Added+5,75614 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 2025, among managers that listed it in both quarters or opened it.

A split quarter: the share changes are the split, so no one is ranked as buying or selling.

New positions and exits

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

New (0)

No new position among listed positions.

Exited (0)

No exit shown by a manager’s own filing.

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 →