Frank Sands's HDB Position Overview
Frank Sands (via Sands Capital Management, LLC) currently holds 6.12 M shares of HDFC Bank Limited (HDB) worth $223.53 M, representing 0.68% of the portfolio. First purchased in 2017-Q1, this long-term strategic position has been held for 36 quarters.
Based on 13F filings, Frank Sands has maintained a strategic position in HDB, demonstrating sustained confidence in this investment. Largest addition occurred in Q3 2022, adding 2.07 M shares. Largest reduction occurred in Q1 2020, reducing 1.39 M shares.
Analysis based on 13F filings available since 2013 Q2
Frank Sands's HDFC Bank Limited (HDB) Holding Value Over Time
Track share changes against reported price movement
Quarterly HDFC Bank Limited (HDB) Trades by Frank Sands
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -73,426 | Reduce 1.19% | 6.12 M | $36.54 |
| Q3 2025 | +424,118 | Add 7.35% | 6.19 M | $34.16 |
| Q2 2025 | -55,710 | Reduce 0.96% | 5.77 M | $38.33 |
| Q1 2025 | +69,876 | Add 1.21% | 5.82 M | $33.22 |
| Q4 2024 | -30,322 | Reduce 0.52% | 5.75 M | $31.93 |
| Q3 2024 | -125,376 | Reduce 2.12% | 5.78 M | $31.28 |
| Q2 2024 | +1.04 M | Add 21.42% | 5.91 M | $32.16 |
| Q1 2024 | -326,582 | Reduce 6.29% | 4.87 M | $27.99 |
| Q4 2023 | +260,000 | Add 5.27% | 5.19 M | $33.55 |
| Q3 2023 | -371,638 | Reduce 7.01% | 4.93 M | $29.51 |
| Q2 2023 | -110,208 | Reduce 2.04% | 5.3 M | $34.85 |
| Q1 2023 | +98,194 | Add 1.85% | 5.41 M | $33.33 |
| Q4 2022 | -1.01 M | Reduce 15.91% | 5.32 M | $0.03 |
| Q3 2022 | +2.07 M | Add 48.56% | 6.32 M | $29.21 |
| Q2 2022 | -99,424 | Reduce 2.28% | 4.26 M | $27.48 |
| Q1 2022 | +350,774 | Add 8.76% | 4.35 M | $30.67 |
| Q4 2021 | -405,998 | Reduce 9.21% | 4 M | $32.54 |
| Q3 2021 | +161,050 | Add 3.79% | 4.41 M | $36.55 |
| Q2 2021 | +764,040 | Add 21.92% | 4.25 M | $36.56 |
| Q1 2021 | -387,656 | Reduce 10.01% | 3.48 M | $38.85 |
| Q4 2020 | -77,618 | Reduce 1.96% | 3.87 M | $36.13 |
| Q3 2020 | -228,476 | Reduce 5.47% | 3.95 M | $24.98 |
| Q2 2020 | +372,894 | Add 9.80% | 4.18 M | $22.73 |
| Q1 2020 | -1.39 M | Reduce 26.73% | 3.81 M | $19.23 |
| Q4 2019 | +1.15 M | Add 28.43% | 5.19 M | $31.69 |
| Q3 2019 | +810,192 | Add 25.05% | 4.04 M | $28.53 |
| Q2 2019 | +428,908 | Add 15.29% | 3.23 M | $32.51 |
| Q1 2019 | +960,720 | Add 52.08% | 2.81 M | $28.98 |
| Q4 2018 | +297,924 | Add 19.26% | 1.84 M | $25.90 |
| Q3 2018 | +394,500 | Add 34.24% | 1.55 M | $23.52 |
| Q2 2018 | +118,800 | Add 11.50% | 1.15 M | $26.25 |
| Q1 2018 | +166,452 | Add 19.20% | 1.03 M | $24.69 |
| Q4 2017 | +530,992 | Add 158.09% | 866,872 | $25.42 |
| Q3 2017 | +115,400 | Add 52.34% | 335,880 | $24.09 |
| Q2 2017 | +31,800 | Add 16.85% | 220,480 | $21.74 |
| Q1 2017 | +188,680 | New Buy | 188,680 | $18.80 |
Frank Sands's HDFC Bank Limited Investment FAQs
Frank Sands first purchased HDFC Bank Limited (HDB) in Q1 2017, acquiring 188,680 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Frank Sands has held HDFC Bank Limited (HDB) for 36 quarters since Q1 2017.
Frank Sands's largest addition to HDFC Bank Limited (HDB) was in Q3 2022, adding 6,321,646 shares worth $184.66 M.
According to the latest 13F filing for Q4 2025, Frank Sands's firm, Sands Capital Management, LLC, owns 6,117,362 shares of HDFC Bank Limited (HDB), valued at approximately $223.53 M.
As of the Q4 2025 filing, HDFC Bank Limited (HDB) represents approximately 0.68% of Frank Sands's publicly disclosed stock portfolio, making it one of their key holdings.
Frank Sands's peak holding in HDFC Bank Limited (HDB) was 6,321,646 shares, as reported at the end of Q3 2022.