Billionaire Ken Fisher’s 5 Most Notable Moves for 2026

3. HDFC Bank Limited (NYSE:HDB)

Fisher Asset Management’s Stake: $433 Million

HDFC Bank Limited (NYSE:HDB) is one of the few foreign companies that occupy a prominent position in the 13F portfolio of Fisher Asset Management. Fisher has held a stake in this banking stock for over a decade and a half. At its peak in the second quarter of 2016, this holding comprised more than 32 million shares. Since then, the fund has trimmed this stake steadily, bringing it down to nearly 12 million shares at the end of the fourth quarter of 2025. Compared to filings for the third quarter of 2025, the fund increased its position in the firm by close to 30% between October and December of last year.

In 2010, just as his fund opened a position in HDFC Bank Limited (NYSE:HDB), Ken Fisher gave an interview to Forbes, noting that the world had entered a phase where 25% of global GDP was from emerging markets nations. He also added that this number was not only growing, but growing rapidly across the board. Fisher also noted that data on companies in emerging markets had become more accessible on the internet, providing American investors more knowledge about these firms, and giving them more choices.

HDFC Bank Limited (NYSE:HDB) provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates through treasury, retail banking, wholesale banking, and insurance business.