Howland Capital Management 13F: Exits ICICI Bank (IBN) Stake
Key Points
- Howland Capital Management sold out of its ICICI Bank Limited holding, liquidating all 52,809 shares.
- Other large holders adjusted their positions, with Carrhae Capital trimming shares and Driehaus Capital adding to its stake.
- ICICI Bank trades near $29.94 with a trailing price-to-earnings ratio of 17.5 and a target mean price of $37.75.
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Howland Capital Management completely exited its investment in ICICI Bank Limited NYSE:IBN during the recent quarter. The complete exit was revealed in a Form 13F filing submitted to the Securities and Exchange Commission on October 22, 2026. Prior to this complete sale, the fund held 52,809 shares of the Indian financial institution. The total liquidation wiped out the remaining stake.
IBN
ICICI Bank Limited
What Changed in Howland Capital Management's ICICI Bank Limited Position
The fund sold all 52,809 shares it previously held, bringing its ending position to zero. The reported value of the shares before the exit was tied to the bank's market valuation during the period. Because the fund sold every single share, the transaction represents a 100% reduction in its portfolio exposure to the Mumbai-based bank.
Other Institutional Activity in ICICI Bank Limited
Other large investment firms made substantial changes to their holdings in ICICI Bank Limited around the same time. Carrhae Capital trimmed its position by 1,174,306 shares, ending the period with 2,321,873 shares worth about $63,967,601. Driehaus Capital Management grew its holdings by 193,408 shares, ending with 4,256,860 shares valued at about $123,576,648.72. WCM Investment Management, LLC reduced its stake by 736,623 shares, finishing with 51,506,124 shares worth $1,542,093,380. GQG Partners LLC cut its holdings by 46,463,577 shares, leaving it with 30,898,356 shares valued at $925,096,795. Meanwhile, Temasek Holdings (Private) Ltd kept its stake steady, holding 29,195,789 shares valued at $874,121,938 with no change in share count.
ICICI Bank Limited Stock Up 1.6%
The stock recently traded around $29.94 as of October 23, 2026, matching its close of $29.94 on October 22, 2026. The bank has a 52-week low of $25.08 and a 52-week high of $31.85.
Recent Earnings
The bank reported trailing twelve-month revenue of $2,121,214,853,120 and basic earnings per share of $1.71. The company posted a return on equity of 16.5% and a net profit margin of 27.8%. The next earnings release is scheduled for January 14, 2027.
Dividend
The company offers an annual dividend rate of $0.25 per share, translating to a dividend yield of 0.84% with a payout ratio of 14.2%.
About ICICI Bank Limited
ICICI Bank Limited is a major financial institution headquartered in Mumbai, India. It provides retail banking, wholesale banking, treasury, insurance, and other financial services to a broad base of corporate and individual customers across international markets.
Bottom Line
Institutional investors continue to adjust large positions in the bank following recent quarterly filings. Observers will track upcoming developments ahead of the next earnings report in January 2027.
Related Filing Alerts
Source: Howland Capital Management's 13F filing on $IBN (Oct 22, 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