Duquesne Family Office Llc Decreased Stake in Hdfc Bank Ltd. (NYSE:HDB) by $31.26 Million as Shares Declined

Stanley Druckenmiller decreased its stake in Hdfc Bank Ltd. (NYSE:HDB) by 51.07% based on its latest Q4 2015 regulatory filing with the SEC. Duquesne Family Office Llc sold 512,500 shares as the company’s stock declined 0.53% while stock markets rallied. The hedge fund run by Stanley Druckenmiller held 491,100 shares of the commercial banks company at the end of Q4, valued at $30.25M, down from 1.00 million at the end of the previous reported quarter. Duquesne Family Office Llc who had been investing in Hdfc Bank Ltd. since many months, could be less bullish the $36.63 billion market cap company. The stock is down 0.91% or $0.5 after the negative news, hitting $54.73 per share. About 526,185 shares traded hands. HDFC Bank Limited (ADR) (NYSE:HDB) has declined 10.66% since July 10, 2015 and is downtrending. It has underperformed by 0.46% the S&P500.

Stanley Druckenmiller whose net-worth is more than $2 billion is a hedge fund industry legend. His returns are spectacular. He achieved 30% annual returns in his 30+ years career. He is know to have cracked the code of capitalism and investing. Stan closed his fund in 2010 and started his family office. Now the legend doesn’t manage money for investors but only his own.

HDFC Bank Limited is a banking company. The company has a market cap of $36.63 billion. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It currently has negative earnings. It operates in four divisions: Treasury, Retail Banking, Wholesale banking and other banking business.

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