Carrhae Capital 13F: Cuts ICICI Bank (IBN) Stake by $32M
Key Points
- Carrhae Capital cut its ICICI Bank Limited IBN stake by 33.6% during the period, lowering its holdings to 2,321,873 shares valued at roughly $64.0 million.
- ICICI Bank Limited trades near $29.88, sitting above its 50-day and 200-day moving averages while maintaining a trailing P/E ratio of 17.5.
- Other institutional investors adjusted their positions in the banking firm, with Driehaus Capital Management growing its holdings by 193,408 shares.
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Carrhae Capital reduced its holdings in ICICI Bank Limited IBN by cutting 1,174,306 shares from its portfolio, bringing its total stake down to 2,321,873 shares valued at about $64.0 million according to a Form 13F filing on October 20, 2026. The move represented a 33.6% decrease from the previous quarter's total of 3,496,179 shares.
IBN
ICICI Bank Limited
Other Institutional Activity in ICICI Bank Limited
Other large institutional investors made adjustments to their positions in the banking firm during recent periods. Driehaus Capital Management grew its holdings by 193,408 shares, ending with 4,256,860 shares worth about $123.6 million. WCM Investment Management, LLC trimmed its position by 736,623 shares to hold 51,506,124 shares valued at $1.5 billion. GQG Partners LLC reduced its stake significantly by 46,463,577 shares, leaving it with 30,898,356 shares worth roughly $923.2 million. Temasek Holdings (Private) Ltd kept its stake steady with no change in share count, holding 29,195,789 shares valued at $872.4 million. Meanwhile, Robeco Institutional Asset Management B.V. added 1,311,280 shares to finish with 21,149,096 shares worth about $631.9 million.
ICICI Bank Limited Stock Up 1.4%
ICICI Bank Limited recently traded around $29.88 as of October 21, 2026, matching its close of $29.88 on the filing date. The stock sits above both its 50-day moving average of $28.96 and its 200-day moving average of $28.57. Shares remain roughly 6.2% below their 52-week high of $31.85 and 19.1% above their 52-week low of $25.08.
Recent Earnings
ICICI Bank Limited reported trailing twelve month revenue of 2.12 trillion, alongside basic earnings of $1.71 per share. The company posted a net profit margin of 27.8% and a return on equity of 16.5%. The next earnings release is scheduled for January 14, 2027.
Dividend
ICICI Bank Limited pays an annual dividend rate of $0.25 per share, translating to a dividend yield of 0.84%. The firm maintains a dividend payout ratio of 14.2%.
About ICICI Bank Limited
ICICI Bank Limited operates as a major financial institution headquartered in Mumbai, India. The company delivers various banking and financial services to both retail and corporate customers across domestic and international markets. Its operations span retail banking, wholesale banking, treasury services, life and general insurance, and other financial activities.
Bottom Line
Investors continue to monitor institutional flows and upcoming earnings reports for clues on the bank's operational momentum. The next financial update is expected on January 14, 2027.
Related Filing Alerts
Source: Carrhae Capital's 13F filing on $IBN (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts