City of London Investment Management Co. Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), City of London Investment Management Co. Ltd. reported 85 stock positions worth $934.8 million. Its top holding was Taiwan Fund Inc./TH/MD-US (TWN) at 9.1% of the portfolio, followed by Templeton Dragon Fund (TDF, 8.9%) and Morgan Stanley China A Share (XCAFX, 7.8%). Compared with Q4 2024, it opened 9 new positions, sold out of 10, added to 20 and reduced 38. The biggest buy was iShares China Large-Cap ETF (FXI, shares +615%) and the biggest sale Abrdn Emerging Markets Ex CH (AEF, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001034546
- Portfolio Value
- $934.8M (Q1 2025)
- SEC Filing
- 0001072613-25-000344 ↗ filed May 9, 2025
Holdings Value
Holdings 85 stocks · $934.8M
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 9.08% | 2,554,493 | $84.8M | Reduce -0.8% |
| TDF Templeton Dragon Fund Inc. | 8.89% | 8,564,512 | $83.1M | Reduce -2.0% |
| XCAFX Morgan Stanley China A Share | 7.82% | 5,585,612 | $73.1M | Add +2.1% |
| AEF Abrdn Emerging Markets Ex CH | 6.76% | 12,735,804 | $63.2M | Reduce -36.1% |
| EMF Templeton Emerging Markets | 5.25% | 3,815,895 | $49.0M | Reduce -10.1% |
| MXF Mexico Fund Inc. | 5.03% | 3,302,908 | $47.0M | Reduce -3.4% |
| CHINA FUND INC | 4.67% | 3,398,330 | $43.6M | Reduce -0.6% |
| AAPL Apple Inc. | 4.58% | 192,825 | $42.8M | Reduce -2.8% |
| JOF Japan Smaller Capitalization | 4.03% | 4,486,762 | $37.6M | Reduce -1.2% |
| NVDA Nvidia Corp. | 3.67% | 316,260 | $34.3M | Reduce -12.5% |
| EWT iShares MSCI Taiwan ETF | 3.61% | 710,595 | $33.7M | Add +66.0% |
| NML Neuberger Energy Infrastruct | 3.41% | 3,544,496 | $31.9M | Reduce -12.4% |
| FXI iShares China Large-Cap ETF | 3.16% | 824,109 | $29.5M | Add +614.8% |
| GOOGL Alphabet Inc. Class A | 2.66% | 160,618 | $24.8M | Reduce -20.7% |
| KF Korea Fund Inc. | 2.31% | 1,082,190 | $21.6M | Add +6.7% |
| EWY iShares MSCI South Korea ETF | 1.97% | 340,691 | $18.4M | Reduce -26.5% |
| BTT BlackRock 2030 Muni TRGT TRM | 1.59% | 698,278 | $14.8M | No change |
| XBGYX BlackRock Enh Intl DVD TR | 1.27% | 2,112,748 | $11.9M | Reduce -7.0% |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | 1.09% | 1,657,530 | $10.2M | Reduce -24.0% |
| KKR KKR & Co. Inc. | 0.97% | 78,463 | $9.1M | Reduce -13.0% |
| AMZN Amazon.com Inc. | 0.93% | 45,500 | $8.7M | New |
| MSFT Microsoft Corp. | 0.92% | 22,801 | $8.6M | Add +164.4% |
| MUB iShares National Muni Bond E | 0.84% | 74,357 | $7.8M | Add +33.1% |
| PDX PIMCO Dynamic Income Strat | 0.82% | 310,878 | $7.6M | New |
| SDHY Pgim SHRT Durat Hi YLD | 0.70% | 398,732 | $6.6M | Add +8.5% |
| AFB Allianceberstein NTL Muni | 0.66% | 569,702 | $6.2M | Add +4.0% |
| BGR BlackRock Enrgy & Res TR | 0.65% | 444,523 | $6.0M | Reduce -60.1% |
| MXE Mexico Equity and Income FD | 0.58% | 623,868 | $5.4M | Add +28.8% |
| FTHY First Trust Hi YLD Opp 2027 | 0.56% | 364,498 | $5.3M | Add +5.2% |
| MMU Western Asset Managed Munici | 0.55% | 499,730 | $5.1M | No change |
| MYI BlackRock Muniyield QLTY III | 0.54% | 455,399 | $5.0M | No change |
| XMYDX BlackRock Muniyield Fund | 0.53% | 473,939 | $5.0M | Add +251.6% |
| MUC BlackRock Munihold Ca QLTY | 0.53% | 466,259 | $5.0M | Add +53.9% |
| CG The Carlyle Group Inc. | 0.51% | 108,837 | $4.7M | Reduce -13.1% |
| XPMAX Pioneer Municipal High Inc. | 0.50% | 554,694 | $4.6M | Reduce -0.0% |
| XCMUX MFS High Yield Municipal TR | 0.46% | 1,234,194 | $4.3M | Reduce -3.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.42% | 64,620 | $3.9M | Reduce -64.9% |
| KTF DWS Municipal Income Trust | 0.41% | 412,392 | $3.9M | No change |
| RA Brookfield Real Assets Incom | 0.39% | 275,281 | $3.6M | No change |
| GF The New Germany Fund Inc. | 0.36% | 339,902 | $3.3M | Add +27.6% |
| NZF Nuveen Municipal Credit Inc. | 0.35% | 269,083 | $3.3M | Reduce -18.4% |
| BX Blackstone Inc. | 0.34% | 22,999 | $3.2M | Reduce -9.3% |
| BGB Blackstone Strategic Credit | 0.31% | 241,248 | $2.9M | Reduce -21.7% |
| MHD BlackRock Muniholdings Fund | 0.31% | 246,775 | $2.9M | Add +90.6% |
| NBXG Neuberger Next Generation Co. | 0.29% | 218,164 | $2.7M | Reduce -80.0% |
| BCX BlackRock Resources & Commod | 0.28% | 279,004 | $2.6M | Add +163.9% |
| EIM Eaton Vance Municipal Bond | 0.28% | 260,268 | $2.6M | Reduce -18.6% |
| ARGT Global X MSCI Argentina ETF | 0.26% | 30,000 | $2.4M | No change |
| EEM iShares MSCI Emerging Market | 0.26% | 54,934 | $2.4M | New |
| IQI Invesco Quality Muni Inc. TR | 0.24% | 233,922 | $2.3M | Reduce -51.4% |
| XPCKX PIMCO California Municipa II | 0.24% | 398,327 | $2.2M | No change |
| XPMQX PIMCO Muni Income Fund III | 0.23% | 304,583 | $2.2M | Add +15.2% |
| LEO BNY Mellon Strategic Muni | 0.22% | 340,306 | $2.1M | Add +45.3% |
| XEVMX Eaton Vance Cal Muni Bond | 0.19% | 187,679 | $1.7M | Reduce -8.8% |
| XENWX Eaton Vance New York Municip | 0.18% | 174,984 | $1.7M | Reduce -22.7% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.18% | 109,614 | $1.7M | Reduce -45.5% |
| INDA iShares MSCI India ETF | 0.17% | 30,630 | $1.6M | New |
| NUV Nuveen Municipal Value | 0.12% | 128,182 | $1.1M | No change |
| XGDVX Gabelli Dividend & Income TR | 0.12% | 45,656 | $1.1M | Reduce -16.2% |
| ASG Liberty All-Star Growth FD | 0.12% | 220,750 | $1.1M | Add +0.6% |
| BTX BlackRock Tech & Priv Eqty | 0.11% | 171,124 | $1.1M | Reduce -68.8% |
| HQH Abrdn Healthcare Investors | 0.11% | 62,415 | $1.0M | No change |
| XJQCX Nuveen Credit Strategies Inc. | 0.11% | 187,729 | $1.0M | New |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.11% | 74,582 | $993K | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.10% | 81,446 | $912K | Reduce -67.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.09% | 16,569 | $868K | Add +44.5% |
| EWZ iShares MSCI Brazil ETF | 0.09% | 32,788 | $848K | Add +104.9% |
| KWT iShares MSCI Kuwait ETF | 0.09% | 23,400 | $833K | No change |
| DTF DTF Tax-Free Income 2028 Ter | 0.09% | 71,012 | $796K | No change |
| KYN Kayne Anderson Energy Infra | 0.08% | 56,399 | $724K | Reduce -6.0% |
| CXE MFS High Income Municipal TR | 0.08% | 195,885 | $723K | No change |
| GREK Global X MSCI Greece ETF | 0.08% | 15,259 | $717K | No change |
| XBMEX BlackRock Health Sciences | 0.07% | 17,459 | $675K | Reduce -43.8% |
| RVT Royce Small-Cap Trust Inc. | 0.07% | 45,021 | $641K | Reduce -19.2% |
| TUR iShares MSCI Turkey ETF | 0.07% | 19,000 | $624K | New |
| NAD Nuveen Quality Municipal Inc. | 0.06% | 51,288 | $591K | Reduce -85.2% |
| FMN Federated Herm Prem Muni Inc. | 0.06% | 50,525 | $549K | No change |
| HYI Western Asset High Yield Opp | 0.04% | 34,407 | $407K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.04% | 14,100 | $386K | New |
| ERC Allspring Multi-Sector Inc. | 0.04% | 36,004 | $332K | Reduce -41.0% |
| JFR Nuveen Floating Rate Income | 0.03% | 30,350 | $257K | New |
| XEADX Allspring Income Opport | 0.02% | 32,595 | $223K | No change |
| FTF Franklin Ltd. Dur Inc. TR | 0.02% | 32,803 | $212K | Reduce -40.7% |
| VPV Invesco Pa Val Muni Inc. | 0.02% | 16,143 | $164K | No change |
| ACP Abrdn Income Credit Strat | 0.02% | 26,900 | $158K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | 187,729 | $6K | New |
Total filed on the 13F, all lines: $934.8M.
Portfolio Sells Q4 2024 → Q1 2025
| AEF Abrdn Emerging Markets Ex CH | Reduce -36.1% | 6.76% | −3.52 |
| NVDA Nvidia Corp. | Reduce -12.5% | 3.67% | −1.15 |
| GOOGL Alphabet Inc. Class A | Reduce -20.7% | 2.66% | −1.15 |
| NBXG Neuberger Next Generation Co. | Reduce -80.0% | 0.29% | −1.09 |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | Reduce -0.8% | 9.08% | −0.80 |
| BGR BlackRock Enrgy & Res TR | Reduce -60.1% | 0.65% | −0.75 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -64.9% | 0.42% | −0.63 |
| IHD Voya Emrg MRKT Hi DVD Eqty | Sold out | 0.00% | −0.45 |
| GHY Pgim Global High Yield Fund | Sold out | 0.00% | −0.43 |
| EWY iShares MSCI South Korea ETF | Reduce -26.5% | 1.97% | −0.37 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.37 |
| BMEZ BlackRock HLTH Sci TRM TR II | Sold out | 0.00% | −0.36 |
| XBFZX BlackRock Ca Muni Inc. TR | Sold out | 0.00% | −0.36 |
| KKR KKR & Co. Inc. | Reduce -13.0% | 0.97% | −0.35 |
| AAPL Apple Inc. | Reduce -2.8% | 4.58% | −0.35 |
| NAD Nuveen Quality Municipal Inc. | Reduce -85.2% | 0.06% | −0.34 |
| BTX BlackRock Tech & Priv Eqty | Reduce -68.8% | 0.11% | −0.29 |
| IQI Invesco Quality Muni Inc. TR | Reduce -51.4% | 0.24% | −0.23 |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | Reduce -24.0% | 1.09% | −0.22 |
| BSTZ BlackRock Sci & Tech TRM TR | Sold out | 0.00% | −0.21 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -67.0% | 0.10% | −0.18 |
| IIF Morgan Stanley India Invest | Sold out | 0.00% | −0.15 |
| NML Neuberger Energy Infrastruct | Reduce -12.4% | 3.41% | −0.13 |
| MMD Nylim Mackay Definedterm Mun | Reduce -45.5% | 0.18% | −0.12 |
| CG The Carlyle Group Inc. | Reduce -13.1% | 0.51% | −0.12 |
| KSA Ishrs MSCI Saudi Arabia ETF | Sold out | 0.00% | −0.10 |
| BX Blackstone Inc. | Reduce -9.3% | 0.34% | −0.09 |
| XMUIX BlackRock Municipal Income | Sold out | 0.00% | −0.08 |
| BGB Blackstone Strategic Credit | Reduce -21.7% | 0.31% | −0.06 |
| EIM Eaton Vance Municipal Bond | Reduce -18.6% | 0.28% | −0.05 |
| NZF Nuveen Municipal Credit Inc. | Reduce -18.4% | 0.35% | −0.05 |
| XBMEX BlackRock Health Sciences | Reduce -43.8% | 0.07% | −0.04 |
| XENWX Eaton Vance New York Municip | Reduce -22.7% | 0.18% | −0.04 |
| ERC Allspring Multi-Sector Inc. | Reduce -41.0% | 0.04% | −0.02 |
| RVT Royce Small-Cap Trust Inc. | Reduce -19.2% | 0.07% | −0.02 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -40.7% | 0.02% | −0.01 |
| XGDVX Gabelli Dividend & Income TR | Reduce -16.2% | 0.12% | −0.01 |
| HIO Western Asset Hi Inc. Opport | Sold out | 0.00% | −0.01 |
| XEVMX Eaton Vance Cal Muni Bond | Reduce -8.8% | 0.19% | −0.00 |
| KYN Kayne Anderson Energy Infra | Reduce -6.0% | 0.08% | +0.00 |
| XCMUX MFS High Yield Municipal TR | Reduce -3.9% | 0.46% | +0.01 |
| XPMAX Pioneer Municipal High Inc. | Reduce -0.0% | 0.50% | +0.03 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -7.0% | 1.27% | +0.07 |
| EMF Templeton Emerging Markets | Reduce -10.1% | 5.25% | +0.21 |
| MXF Mexico Fund Inc. | Reduce -3.4% | 5.03% | +0.55 |
| JOF Japan Smaller Capitalization | Reduce -1.2% | 4.03% | +0.57 |
| CHINA FUND INC | Reduce -0.6% | 4.67% | +0.62 |
| TDF Templeton Dragon Fund Inc. | Reduce -2.0% | 8.89% | +1.52 |
Portfolio Buys Q4 2024 → Q1 2025
| FXI iShares China Large-Cap ETF | Add +614.8% | 3.16% | +2.81 |
| EWT iShares MSCI Taiwan ETF | Add +66.0% | 3.61% | +1.41 |
| XCAFX Morgan Stanley China A Share | Add +2.1% | 7.82% | +1.05 |
| AMZN Amazon.com Inc. | New | 0.93% | +0.93 |
| PDX PIMCO Dynamic Income Strat | New | 0.82% | +0.82 |
| MSFT Microsoft Corp. | Add +164.4% | 0.92% | +0.55 |
| KF Korea Fund Inc. | Add +6.7% | 2.31% | +0.45 |
| XMYDX BlackRock Muniyield Fund | Add +251.6% | 0.53% | +0.40 |
| EEM iShares MSCI Emerging Market | New | 0.26% | +0.26 |
| MUB iShares National Muni Bond E | Add +33.1% | 0.84% | +0.25 |
| MUC BlackRock Munihold Ca QLTY | Add +53.9% | 0.53% | +0.21 |
| MXE Mexico Equity and Income FD | Add +28.8% | 0.58% | +0.20 |
| BCX BlackRock Resources & Commod | Add +163.9% | 0.28% | +0.19 |
| INDA iShares MSCI India ETF | New | 0.17% | +0.17 |
| MHD BlackRock Muniholdings Fund | Add +90.6% | 0.31% | +0.16 |
| GF The New Germany Fund Inc. | Add +27.6% | 0.36% | +0.15 |
| SDHY Pgim SHRT Durat Hi YLD | Add +8.5% | 0.70% | +0.11 |
| XJQCX Nuveen Credit Strategies Inc. | New | 0.11% | +0.11 |
| LEO BNY Mellon Strategic Muni | Add +45.3% | 0.22% | +0.08 |
| AFB Allianceberstein NTL Muni | Add +4.0% | 0.66% | +0.07 |
| TUR iShares MSCI Turkey ETF | New | 0.07% | +0.07 |
| FTHY First Trust Hi YLD Opp 2027 | Add +5.2% | 0.56% | +0.07 |
| EWZ iShares MSCI Brazil ETF | Add +104.9% | 0.09% | +0.05 |
| FNDA Schwab Fndmntl US SM Co. ETF | New | 0.04% | +0.04 |
| XPMQX PIMCO Muni Income Fund III | Add +15.2% | 0.23% | +0.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +44.5% | 0.09% | +0.03 |
| JFR Nuveen Floating Rate Income | New | 0.03% | +0.03 |
| ACP Abrdn Income Credit Strat | New | 0.02% | +0.02 |
| ASG Liberty All-Star Growth FD | Add +0.6% | 0.12% | −0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | New | 187,729 | $6K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 80 | $1.7B | TWN, EWY, KF, EWT, AEF |
| Q1 2026 | 93 | $1.4B | TWN, EWY, XCAFX, TDF, AEF |
| Q4 2025 | 87 | $1.3B | TWN, XCAFX, TDF, EWY, AEF |
| Q3 2025 | 82 | $1.4B | TWN, XCAFX, TDF, AEF, NVDA |
| Q2 2025 | 81 | $1.1B | TWN, TDF, XCAFX, AEF, MXF |
| Q1 2025 | 85 | $934.8M | TWN, TDF, XCAFX, AEF, EMF |
| Q4 2024 | 86 | $1.0B | AEF, TWN, TDF, XCAFX, EMF |
| Q3 2024 | 85 | $1.2B | TWN, AEF, TDF, XCAFX, EMF |
| Q2 2024 | 94 | $1.2B | TWN, AEF, XCAFX, TDF, MXF |
| Q1 2024 | 103 | $1.2B | TWN, AEF, XCAFX, MXF, TDF |