Two Creeks Capital Management, LP: HDFC BANK LTD (HDB): Quarterly 13F Position History
As of Q2 2026, Two Creeks Capital Management, LP reported 155,400 shares of HDFC BANK LTD (HDB), worth $4.0M and representing 2.9% of its 13F equity book. Quarter-over-quarter share count change: 415,754 (-72.8%) . The position first appeared in Q1 2016 and has been disclosed across 42 13F-HR filings in Pactolio's tracked window.
- 155,400Shares Held (Latest Filing)
- $4.0MReported Market Value (Latest Filing)
- 2.9%Portfolio Weight (% of 13F Equity Book)
- 415,754Quarter-over-Quarter Share Change
- -$10.2MQuarter-over-Quarter Value Change
- 4,829,500Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 42 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 155,400 | 415,754 | -72.8% | $4.0M | 2.9% | $25.8 |
| Q1 2026 | 571,154 | 172,177 | -23.2% | $14.2M | 1.5% | $24.9 |
| Q4 2025 | 743,331 | +6,436 | +0.9% | $27.2M | 2.2% | $36.5 |
| Q3 2025 | 736,895 | +70,925 | +10.6% | $25.2M | 1.8% | $34.2 |
| Q2 2025 | 665,970 | 288,644 | -30.2% | $51.1M | 3.4% | $76.7 |
| Q1 2025 | 954,614 | +1,969 | +0.2% | $63.4M | 4.1% | $66.4 |
| Q4 2024 | 952,645 | 473,214 | -33.2% | $60.8M | 3.7% | $63.9 |
| Q3 2024 | 1,425,859 | 122,242 | -7.9% | $89.2M | 5.9% | $62.6 |
| Q2 2024 | 1,548,101 | 1,389,553 | -47.3% | $99.6M | 6.2% | $64.3 |
| Q1 2024 | 2,937,654 | 775,179 | -20.9% | $164.4M | 9.5% | $56.0 |
| Q4 2023 | 3,712,833 | +536,385 | +16.9% | $249.2M | 15.6% | $67.1 |
| Q3 2023 | 3,176,448 | +95,122 | +3.1% | $187.4M | 12.1% | $59.0 |
| Q2 2023 | 3,081,326 | 0 | – | $214.8M | 12.9% | $69.7 |
| Q1 2023 | 3,081,326 | +328,736 | +11.9% | $205.4M | 13.7% | $66.7 |
| Q4 2022 | 2,752,590 | +264,467 | +10.6% | $188.3M | 13.4% | $68.4 |
| Q3 2022 | 2,488,123 | +246,072 | +11.0% | $145.4M | 10.5% | $58.4 |
| Q2 2022 | 2,242,051 | 82,200 | -3.5% | $123.2M | 8.5% | $55.0 |
| Q1 2022 | 2,324,251 | 1,082,634 | -31.8% | $142.5M | 8.1% | $61.3 |
| Q4 2021 | 3,406,885 | 0 | – | $221.7M | 11.3% | $65.1 |
| Q3 2021 | 3,406,885 | +228,807 | +7.2% | $249.0M | 13.2% | $73.1 |
| Q2 2021 | 3,178,078 | +163,124 | +5.4% | $232.4M | 13.2% | $73.1 |
| Q1 2021 | 3,014,954 | 629,764 | -17.3% | $234.2M | 14.3% | $77.7 |
| Q4 2020 | 3,644,718 | 781,479 | -17.7% | $263.4M | 14.4% | $72.3 |
| Q3 2020 | 4,426,197 | 403,303 | -8.4% | $221.1M | 14.4% | $50.0 |
| Q2 2020 | 4,829,500 | +493,626 | +11.4% | $219.5M | 15.3% | $45.5 |
| Q1 2020 | 4,335,874 | +1,655,229 | +61.7% | $166.8M | 13.5% | $38.5 |
| Q4 2019 | 2,680,645 | 120,105 | -4.3% | $169.9M | 11.2% | $63.4 |
| Q3 2019 | 2,800,750 | +1,833,123 | +189.4% | $159.8M | 10.4% | $57.1 |
| Q2 2019 | 967,627 | 67,197 | -6.5% | $125.8M | 7.9% | $130.0 |
| Q1 2019 | 1,034,824 | 0 | – | $119.9M | 8.5% | $115.9 |
| Q4 2018 | 1,034,824 | +2,105 | +0.2% | $107.2M | 7.9% | $103.6 |
| Q3 2018 | 1,032,719 | 0 | – | $97.2M | 6.0% | $94.1 |
| Q2 2018 | 1,032,719 | 0 | – | $108.5M | 6.1% | $105.0 |
| Q1 2018 | 1,032,719 | +94,093 | +10.0% | $102.0M | 5.9% | $98.8 |
| Q4 2017 | 938,626 | 0 | – | $95.4M | 5.5% | $101.7 |
| Q3 2017 | 938,626 | 294,339 | -23.9% | $90.5M | 5.4% | $96.4 |
| Q2 2017 | 1,232,965 | 949,285 | -43.5% | $107.2M | 6.5% | $87.0 |
| Q1 2017 | 2,182,250 | +56,846 | +2.7% | $164.1M | 9.9% | $75.2 |
| Q4 2016 | 2,125,404 | 0 | – | $129.0M | 8.2% | $60.7 |
| Q3 2016 | 2,125,404 | 91,132 | -4.1% | $152.8M | 9.4% | $71.9 |
| Q2 2016 | 2,216,536 | +14,641 | +0.7% | $147.1M | 9.7% | $66.3 |
| Q1 2016 | 2,201,895 | – | – | $135.7M | 11.7% | $61.6 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Two Creeks Capital Management, LP first disclose a HDB position in 13F-HR filings?
Two Creeks Capital Management, LP first reported HDFC BANK LTD (HDB) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 42 reported quarters within Pactolio's tracked window.
What was Two Creeks Capital Management, LP's most recent quarter-over-quarter share-count change in HDB?
Between Q1 2026 and Q2 2026, Two Creeks Capital Management, LP reduced its HDB position by 415,754 shares (-72.8%), leaving 155,400 shares at a market value of $4.0M.
Does the implied price-per-share represent Two Creeks Capital Management, LP's cost basis in HDB?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.