Marathon Asset Management 13F: Cuts HDB Stake by $9.1M

Marathon Asset Management reduced its stake in HDFC Bank Limited (HDB) by 406,149 shares, according to its latest Form 13F filing with the SEC on October 26, 2026.

The fund's reported value in HDFC Bank represents about 0.94% of its total 13F portfolio, ranking 38th among its 76 positions. The reduction of 406,149 shares marks a 43.5% decrease in its holdings.

HDB HDFC Bank Limited

$22.09 ▼ -39.45% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Where HDFC Bank Fits in Marathon Asset Management's Portfolio

Marathon Asset Management's stake in HDFC Bank is relatively small compared to its overall portfolio, but the recent cut reflects a significant adjustment. The fund's holdings in this stock have an estimated gain compared to its average cost, indicating a strategic repositioning.

Other Institutional Activity in HDFC Bank

Several other funds have also made changes to their positions in HDFC Bank. Tokio Marine Asset Management reduced its stake by 68,600 shares, leaving it with 190,200 shares valued at about $4.2 million. Meanwhile, Royal Bank of Canada increased its holdings by 784,744 shares, totaling 43,203,355 shares worth approximately $938 million. Additionally, Schroder Investment Management Group cut its position by 720,422 shares, bringing its total to 21,792,768 shares valued at around $473 million.

HDFC Bank Limited Stock Down 3.3%

As of October 27, 2026, HDFC Bank shares were recently trading around $21.71, which is about 1.7% below the closing price of $22.09 on October 23, 2026. This decline comes after the stock has shown significant volatility in recent weeks.

Recent Earnings

HDFC Bank reported trailing twelve-month revenue of approximately $3.02 trillion, reflecting a strong year-over-year revenue growth of 80.8%. The bank has a net margin of 26.5%, indicating solid profitability. The next earnings report is expected on January 16, 2027.

Insider Buying and Selling at HDFC Bank Limited

There were no reported insider trades for HDFC Bank at this time.

Analysts Set New Price Targets

No new analyst ratings or price targets for HDFC Bank have been reported recently.

About HDFC Bank

HDFC Bank Limited provides a range of banking and financial products and services to individuals and businesses primarily in India and several international locations. The bank operates through various segments, including retail banking and wholesale banking, and is headquartered in Mumbai, India.

Bottom Line

Investors will be watching for the next earnings report on January 16, 2027, for further insights into HDFC Bank's performance. Marathon Asset Management's recent filing indicates a strategic adjustment in its holdings, which may reflect broader market trends or specific insights into HDFC Bank's future prospects.