What smart money is saying about ICICI Bank
No fund has written a full thesis on ICICI Bank in our archive, but 8 fund letters report a position in it — most recently Hardman Johnston International Equity Strategy in June 2026.
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Position history
Between Q1 2026 and Q2 2026, 8 fund letters reported a position in ICICI Bank — 1 opened or added to the position, 4 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 6 | 1 | 3 | 0 |
| Q1 2026 | 2 | 0 | 1 | 0 |
Fund activity · 8 positions · 5 moves
- June 2026
Listed in Hardman Johnston International Equity Strategy’s reported holdings.
ICICI Bank - June 2026
“Energy 13.4 Cameco Corporation Canada 4.8 Oil, Gas & Consumable Fuels Jan. 2026 Gaztransport & Technigaz SA France 4.3 Oil, Gas & Consumable Fuels Sep. 2023 TechnipFMC plc United Kingdom 4.3 Energy Equipment & Services Mar. 2026 Financials 7.7 ICICI Bank Ltd. India 2.6 Banks Aug. 2018”
ICICI Bank - TrimmedLiontrust Global Alpha FundJune 2026
“Within the financials sector, a combination of limited upside to our current price targets and a declining T-Score in our risk systems led us to reduce the overall exposure by selling out of Mastercard, ICICI Bank and The London Stock Exchange.”
ICICI Bank - AddedCoronation Global Emerging Markets Equity StrategyJune 2026
Listed in Coronation Global Emerging Markets Equity Strategy’s reported holdings.
ICICI Bank - June 2026
“These buys were funded by the sales including Trimble, reducing overall software and long-duration growth and – within the financials sector – Mastercard and ICICI Bank, due to a combination of limited upside to our current price targets and a declining T-Score in our risk system.”
ICICI Bank - TrimmedLiontrust Balanced FundJune 2026
“Within the financials sector, a combination of limited upside to our current price targets and a declining T-Score in our risk systems led us to reduce the overall exposure by selling out of Mastercard, ICICI Bank and The London Stock Exchange.”
ICICI Bank - March 2026
Listed in Hardman Johnston International Equity Developed Markets’s reported holdings.
ICICI Bank - March 2026
“ICICI Bank reported modestly disappointing quarterly results as a result of higher provisioning in its agricultural loan book, which directly impacted net profit. The bank also saw modest NIM pressure during the quarter. The macro environment and energy price shock have the potential to slow down the lending business, as corporates and small- and medium-sized businesses may reduce borrowing. ICICI is a conservative lender with high underwriting standards, which results in a very high-quality balance sheet but also can affect growth in the medium term. We decided to exit the position to reallocate to more attractive opportunities.”
ICICI Bank
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