City of London Investment Management Co. Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), City of London Investment Management Co. Ltd. reported 81 stock positions worth $1.1 billion. Its top holding was Taiwan Fund Inc./TH/MD-US (TWN) at 10.2% of the portfolio, followed by Templeton Dragon Fund (TDF, 7.9%) and Morgan Stanley China A Share (XCAFX, 7.6%). Compared with Q1 2025, it opened 8 new positions, sold out of 12, added to 21 and reduced 41. The biggest buy was iShares MSCI Taiwan ETF (EWT, shares +32%) and the biggest sale iShares China Large-Cap ETF (FXI, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001034546
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001072613-25-000522 ↗ filed Aug 8, 2025
Holdings Value
Holdings 81 stocks · $1.1B
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 10.23% | 2,457,652 | $110.1M | Reduce -3.8% |
| TDF Templeton Dragon Fund Inc. | 7.94% | 8,549,855 | $85.4M | Reduce -0.2% |
| XCAFX Morgan Stanley China A Share | 7.62% | 5,950,321 | $82.0M | Add +6.5% |
| AEF Abrdn Emerging Markets Ex CH | 6.72% | 12,175,804 | $72.3M | Reduce -4.4% |
| MXF Mexico Fund Inc. | 5.89% | 3,608,772 | $63.4M | Add +9.3% |
| EMF Templeton Emerging Markets | 5.37% | 3,959,215 | $57.8M | Add +3.8% |
| EWT iShares MSCI Taiwan ETF | 5.00% | 937,565 | $53.8M | Add +31.9% |
| CHINA FUND INC | 4.97% | 3,590,288 | $53.5M | Add +5.7% |
| AAPL Apple Inc. | 4.79% | 251,070 | $51.5M | Add +30.2% |
| JOF Japan Smaller Capitalization | 3.84% | 4,284,932 | $41.3M | Reduce -4.5% |
| NVDA Nvidia Corp. | 3.41% | 232,154 | $36.7M | Reduce -26.6% |
| KF Korea Fund Inc. | 3.31% | 1,322,098 | $35.6M | Add +22.2% |
| GOOGL Alphabet Inc. Class A | 3.24% | 198,167 | $34.9M | Add +23.4% |
| EWY iShares MSCI South Korea ETF | 2.88% | 432,489 | $31.0M | Add +26.9% |
| NML Neuberger Energy Infrastruct | 2.86% | 3,424,386 | $30.8M | Reduce -3.4% |
| FXI iShares China Large-Cap ETF | 1.90% | 556,671 | $20.5M | Reduce -32.5% |
| MUB iShares National Muni Bond E | 1.41% | 145,388 | $15.2M | Add +95.5% |
| SUB iShares Short-Term National | 1.29% | 130,304 | $13.9M | New |
| BTT BlackRock 2030 Muni TRGT TRM | 1.24% | 609,059 | $13.3M | Reduce -12.8% |
| XBGYX BlackRock Enh Intl DVD TR | 0.99% | 1,836,869 | $10.6M | Reduce -13.1% |
| KKR KKR & Co. Inc. | 0.97% | 78,463 | $10.4M | No change |
| SDHY Pgim SHRT Durat Hi YLD | 0.85% | 541,732 | $9.1M | Add +35.9% |
| MXE Mexico Equity and Income FD | 0.81% | 828,023 | $8.7M | Add +32.7% |
| AMZN Amazon.com Inc. | 0.80% | 39,350 | $8.6M | Reduce -13.5% |
| PDX PIMCO Dynamic Income Strat | 0.70% | 304,834 | $7.5M | Reduce -1.9% |
| FTHY First Trust Hi YLD Opp 2027 | 0.68% | 493,598 | $7.3M | Add +35.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.58% | 93,320 | $6.3M | Add +44.4% |
| MSFT Microsoft Corp. | 0.55% | 11,821 | $5.9M | Reduce -48.2% |
| CG The Carlyle Group Inc. | 0.52% | 108,837 | $5.6M | No change |
| AFB Allianceberstein NTL Muni | 0.43% | 453,640 | $4.7M | Reduce -20.4% |
| KYN Kayne Anderson Energy Infra | 0.41% | 343,155 | $4.4M | Add +508.4% |
| RA Brookfield Real Assets Incom | 0.40% | 319,281 | $4.3M | Add +16.0% |
| XMYDX BlackRock Muniyield Fund | 0.39% | 413,320 | $4.1M | Reduce -12.8% |
| MMU Western Asset Managed Munici | 0.37% | 397,985 | $3.9M | Reduce -20.4% |
| MUC BlackRock Munihold Ca QLTY | 0.36% | 371,024 | $3.8M | Reduce -20.4% |
| XPMAX Pioneer Municipal High Inc. | 0.34% | 441,784 | $3.7M | Reduce -20.4% |
| MYI BlackRock Muniyield QLTY III | 0.34% | 348,844 | $3.7M | Reduce -23.4% |
| GF The New Germany Fund Inc. | 0.33% | 296,051 | $3.5M | Reduce -12.9% |
| BX Blackstone Inc. | 0.32% | 22,999 | $3.4M | No change |
| XJQCX Nuveen Credit Strategies Inc. | 0.32% | 635,847 | $3.4M | Add +238.7% |
| NBXG Neuberger Next Generation Co. | 0.29% | 210,441 | $3.1M | Reduce -3.5% |
| IIF Morgan Stanley India Invest | 0.27% | 103,442 | $2.9M | New |
| ARGT Global X MSCI Argentina ETF | 0.27% | 34,400 | $2.9M | Add +14.7% |
| BGB Blackstone Strategic Credit | 0.26% | 235,030 | $2.8M | Reduce -2.6% |
| MHD BlackRock Muniholdings Fund | 0.25% | 243,097 | $2.7M | Reduce -1.5% |
| EIM Eaton Vance Municipal Bond | 0.22% | 241,922 | $2.3M | Reduce -7.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.21% | 37,000 | $2.3M | New |
| BCX BlackRock Resources & Commod | 0.20% | 232,661 | $2.2M | Reduce -16.6% |
| IEMG iShares Core MSCI Emerging | 0.20% | 35,000 | $2.1M | New |
| XPCKX PIMCO California Municipa II | 0.16% | 315,690 | $1.7M | Reduce -20.8% |
| XPMQX PIMCO Muni Income Fund III | 0.15% | 240,845 | $1.7M | Reduce -20.9% |
| LEO BNY Mellon Strategic Muni | 0.15% | 270,829 | $1.6M | Reduce -20.4% |
| XCMUX MFS High Yield Municipal TR | 0.14% | 463,249 | $1.5M | Reduce -62.5% |
| ASG Liberty All-Star Growth FD | 0.14% | 265,750 | $1.5M | Add +20.4% |
| INDA iShares MSCI India ETF | 0.12% | 23,718 | $1.3M | Reduce -22.6% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.12% | 87,267 | $1.3M | Reduce -20.4% |
| XEVMX Eaton Vance Cal Muni Bond | 0.12% | 138,683 | $1.2M | Reduce -26.1% |
| IQI Invesco Quality Muni Inc. TR | 0.10% | 118,449 | $1.1M | Reduce -49.4% |
| XENWX Eaton Vance New York Municip | 0.10% | 119,172 | $1.1M | Reduce -31.9% |
| HQH Abrdn Healthcare Investors | 0.09% | 62,415 | $967K | No change |
| XGDVX Gabelli Dividend & Income TR | 0.09% | 36,176 | $941K | Reduce -20.8% |
| KWT iShares MSCI Kuwait ETF | 0.08% | 23,400 | $887K | No change |
| NUV Nuveen Municipal Value | 0.08% | 101,974 | $886K | Reduce -20.4% |
| GREK Global X MSCI Greece ETF | 0.08% | 15,259 | $886K | No change |
| DTF DTF Tax-Free Income 2028 Ter | 0.07% | 71,012 | $795K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.07% | 13,577 | $716K | Reduce -18.1% |
| EPOL iShares MSCI Poland ETF | 0.07% | 21,900 | $706K | New |
| CXE MFS High Income Municipal TR | 0.07% | 195,885 | $701K | No change |
| EPU iShares MSCI Peru and Global | 0.06% | 14,000 | $680K | New |
| TUR iShares MSCI Turkey ETF | 0.06% | 20,700 | $668K | Add +8.9% |
| RVT Royce Small-Cap Trust Inc. | 0.06% | 44,191 | $665K | Reduce -1.8% |
| MAGS Roundhill Magnificent Seven | 0.05% | 9,845 | $546K | New |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.04% | 33,152 | $471K | Reduce -55.5% |
| HYI Western Asset High Yield Opp | 0.04% | 34,407 | $412K | No change |
| FMN Federated Herm Prem Muni Inc. | 0.03% | 34,925 | $372K | Reduce -30.9% |
| ERC Allspring Multi-Sector Inc. | 0.03% | 33,304 | $315K | Reduce -7.5% |
| JFR Nuveen Floating Rate Income | 0.03% | 35,523 | $301K | Add +17.0% |
| EUFN iShares MSCI Europe Financia | 0.02% | 7,280 | $230K | New |
| XEADX Allspring Income Opport | 0.02% | 32,595 | $230K | No change |
| FTF Franklin Ltd. Dur Inc. TR | 0.02% | 32,803 | $211K | No change |
| ACP Abrdn Income Credit Strat | 0.01% | 21,300 | $126K | Reduce -20.8% |
Portfolio Sells Q1 2025 → Q2 2025
| FXI iShares China Large-Cap ETF | Reduce -32.5% | 1.90% | −1.26 |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | Sold out | 0.00% | −1.09 |
| TDF Templeton Dragon Fund Inc. | Reduce -0.2% | 7.94% | −0.95 |
| BGR BlackRock Enrgy & Res TR | Sold out | 0.00% | −0.65 |
| NML Neuberger Energy Infrastruct | Reduce -3.4% | 2.86% | −0.55 |
| KTF DWS Municipal Income Trust | Sold out | 0.00% | −0.41 |
| MSFT Microsoft Corp. | Reduce -48.2% | 0.55% | −0.37 |
| NZF Nuveen Municipal Credit Inc. | Sold out | 0.00% | −0.35 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -12.8% | 1.24% | −0.35 |
| XCMUX MFS High Yield Municipal TR | Reduce -62.5% | 0.14% | −0.32 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -13.1% | 0.99% | −0.28 |
| NVDA Nvidia Corp. | Reduce -26.6% | 3.41% | −0.26 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.26 |
| AFB Allianceberstein NTL Muni | Reduce -20.4% | 0.43% | −0.23 |
| MYI BlackRock Muniyield QLTY III | Reduce -23.4% | 0.34% | −0.20 |
| JOF Japan Smaller Capitalization | Reduce -4.5% | 3.84% | −0.19 |
| MMU Western Asset Managed Munici | Reduce -20.4% | 0.37% | −0.18 |
| MUC BlackRock Munihold Ca QLTY | Reduce -20.4% | 0.36% | −0.18 |
| XPMAX Pioneer Municipal High Inc. | Reduce -20.4% | 0.34% | −0.15 |
| XMYDX BlackRock Muniyield Fund | Reduce -12.8% | 0.39% | −0.15 |
| IQI Invesco Quality Muni Inc. TR | Reduce -49.4% | 0.10% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -13.5% | 0.80% | −0.12 |
| PDX PIMCO Dynamic Income Strat | Reduce -1.9% | 0.70% | −0.12 |
| BTX BlackRock Tech & Priv Eqty | Sold out | 0.00% | −0.11 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Sold out | 0.00% | −0.10 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.09 |
| XPCKX PIMCO California Municipa II | Reduce -20.8% | 0.16% | −0.08 |
| XPMQX PIMCO Muni Income Fund III | Reduce -20.9% | 0.15% | −0.08 |
| XENWX Eaton Vance New York Municip | Reduce -31.9% | 0.10% | −0.07 |
| BCX BlackRock Resources & Commod | Reduce -16.6% | 0.20% | −0.07 |
| LEO BNY Mellon Strategic Muni | Reduce -20.4% | 0.15% | −0.07 |
| XBMEX BlackRock Health Sciences | Sold out | 0.00% | −0.07 |
| XEVMX Eaton Vance Cal Muni Bond | Reduce -26.1% | 0.12% | −0.07 |
| NAD Nuveen Quality Municipal Inc. | Sold out | 0.00% | −0.06 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Reduce -55.5% | 0.04% | −0.06 |
| EIM Eaton Vance Municipal Bond | Reduce -7.0% | 0.22% | −0.06 |
| MHD BlackRock Muniholdings Fund | Reduce -1.5% | 0.25% | −0.06 |
| MMD Nylim Mackay Definedterm Mun | Reduce -20.4% | 0.12% | −0.06 |
| BGB Blackstone Strategic Credit | Reduce -2.6% | 0.26% | −0.05 |
| INDA iShares MSCI India ETF | Reduce -22.6% | 0.12% | −0.05 |
| FNDA Schwab Fndmntl US SM Co. ETF | Sold out | 0.00% | −0.04 |
| NUV Nuveen Municipal Value | Reduce -20.4% | 0.08% | −0.04 |
| AEF Abrdn Emerging Markets Ex CH | Reduce -4.4% | 6.72% | −0.04 |
| XGDVX Gabelli Dividend & Income TR | Reduce -20.8% | 0.09% | −0.03 |
| GF The New Germany Fund Inc. | Reduce -12.9% | 0.33% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -18.1% | 0.07% | −0.03 |
| FMN Federated Herm Prem Muni Inc. | Reduce -30.9% | 0.03% | −0.02 |
| VPV Invesco Pa Val Muni Inc. | Sold out | 0.00% | −0.02 |
| RVT Royce Small-Cap Trust Inc. | Reduce -1.8% | 0.06% | −0.01 |
| ERC Allspring Multi-Sector Inc. | Reduce -7.5% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| EWT iShares MSCI Taiwan ETF | Add +31.9% | 5.00% | +1.39 |
| SUB iShares Short-Term National | New | 1.29% | +1.29 |
| KF Korea Fund Inc. | Add +22.2% | 3.31% | +1.00 |
| EWY iShares MSCI South Korea ETF | Add +26.9% | 2.88% | +0.91 |
| MXF Mexico Fund Inc. | Add +9.3% | 5.89% | +0.86 |
| GOOGL Alphabet Inc. Class A | Add +23.4% | 3.24% | +0.59 |
| MUB iShares National Muni Bond E | Add +95.5% | 1.41% | +0.57 |
| KYN Kayne Anderson Energy Infra | Add +508.4% | 0.41% | +0.33 |
| CHINA FUND INC | Add +5.7% | 4.97% | +0.30 |
| IIF Morgan Stanley India Invest | New | 0.27% | +0.27 |
| MXE Mexico Equity and Income FD | Add +32.7% | 0.81% | +0.22 |
| XJQCX Nuveen Credit Strategies Inc. | Add +238.7% | 0.32% | +0.21 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.21% | +0.21 |
| AAPL Apple Inc. | Add +30.2% | 4.79% | +0.20 |
| IEMG iShares Core MSCI Emerging | New | 0.20% | +0.20 |
| VEU Vanguard Ftse All-World Ex-U | Add +44.4% | 0.58% | +0.16 |
| SDHY Pgim SHRT Durat Hi YLD | Add +35.9% | 0.85% | +0.14 |
| EMF Templeton Emerging Markets | Add +3.8% | 5.37% | +0.12 |
| FTHY First Trust Hi YLD Opp 2027 | Add +35.4% | 0.68% | +0.12 |
| EPOL iShares MSCI Poland ETF | New | 0.07% | +0.07 |
| EPU iShares MSCI Peru and Global | New | 0.06% | +0.06 |
| MAGS Roundhill Magnificent Seven | New | 0.05% | +0.05 |
| EUFN iShares MSCI Europe Financia | New | 0.02% | +0.02 |
| ASG Liberty All-Star Growth FD | Add +20.4% | 0.14% | +0.02 |
| ARGT Global X MSCI Argentina ETF | Add +14.7% | 0.27% | +0.01 |
| RA Brookfield Real Assets Incom | Add +16.0% | 0.40% | +0.01 |
| JFR Nuveen Floating Rate Income | Add +17.0% | 0.03% | +0.00 |
| TUR iShares MSCI Turkey ETF | Add +8.9% | 0.06% | −0.00 |
| XCAFX Morgan Stanley China A Share | Add +6.5% | 7.62% | −0.20 |
Notes & Other Activity Q1 2025 → Q2 2025
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | Sold out | 187,729 | $6Kbefore exit |
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 |