City of London Investment Management Co. Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), City of London Investment Management Co. Ltd. reported 82 stock positions worth $1.4 billion. Its top holding was Taiwan Fund Inc./TH/MD-US (TWN) at 9.6% of the portfolio, followed by Morgan Stanley China A Share (XCAFX, 7.6%) and Templeton Dragon Fund (TDF, 7.3%). Compared with Q2 2025, it opened 15 new positions, sold out of 14, added to 32 and reduced 25. The biggest buy was Nvidia (NVDA, shares +67%) and the biggest sale Alphabet Class A (GOOGL, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001034546
- Portfolio Value
- $1.4B (Q3 2025)
- SEC Filing
- 0001072613-25-000819 ↗ filed Nov 14, 2025
Holdings Value
Holdings 82 stocks · $1.4B
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 9.60% | 2,401,789 | $130.0M | Reduce -2.3% |
| XCAFX Morgan Stanley China A Share | 7.56% | 6,147,824 | $102.4M | Add +3.3% |
| TDF Templeton Dragon Fund Inc. | 7.30% | 8,486,198 | $98.9M | Reduce -0.7% |
| AEF Abrdn Emerging Markets Ex CH | 5.74% | 11,991,972 | $77.7M | Reduce -1.5% |
| NVDA Nvidia Corp. | 5.36% | 388,621 | $72.5M | Add +67.4% |
| MXF Mexico Fund Inc. | 5.18% | 3,557,028 | $70.1M | Reduce -1.4% |
| EMF Templeton Emerging Markets | 5.16% | 4,171,496 | $69.8M | Add +5.4% |
| EWT iShares MSCI Taiwan ETF | 4.88% | 1,037,816 | $66.0M | Add +10.7% |
| AAPL Apple Inc. | 4.71% | 250,131 | $63.7M | Reduce -0.4% |
| EWY iShares MSCI South Korea ETF | 4.41% | 744,787 | $59.7M | Add +72.2% |
| CHINA FUND INC | 3.71% | 2,721,771 | $50.2M | Reduce -24.2% |
| KF Korea Fund Inc. | 3.29% | 1,456,201 | $44.5M | Add +10.1% |
| FXI iShares China Large-Cap ETF | 3.02% | 993,861 | $40.9M | Add +78.5% |
| JOF Japan Smaller Capitalization | 2.74% | 3,520,068 | $37.1M | Reduce -17.9% |
| NML Neuberger Energy Infrastruct | 2.08% | 3,225,547 | $28.1M | Reduce -5.8% |
| GOOGL Alphabet Inc. Class A | 1.98% | 110,211 | $26.8M | Reduce -44.4% |
| KYN Kayne Anderson Energy Infra | 1.57% | 1,722,769 | $21.3M | Add +402.0% |
| IEMG iShares Core MSCI Emerging | 1.43% | 292,917 | $19.3M | Add +736.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.23% | 246,518 | $16.6M | New |
| MUB iShares National Muni Bond E | 1.13% | 143,979 | $15.3M | Reduce -1.0% |
| INDA iShares MSCI India ETF | 1.13% | 293,269 | $15.3M | Add +1136.5% |
| BTT BlackRock 2030 Muni TRGT TRM | 1.10% | 662,759 | $14.9M | Add +8.8% |
| SUB iShares Short-Term National | 1.03% | 130,304 | $13.9M | No change |
| NBXG Neuberger Next Generation Co. | 0.95% | 836,518 | $12.9M | Add +297.5% |
| IIF Morgan Stanley India Invest | 0.94% | 482,174 | $12.7M | Add +366.1% |
| IFN Aberdeen India Fund Inc. | 0.90% | 830,504 | $12.2M | New |
| XBGYX BlackRock Enh Intl DVD TR | 0.84% | 1,973,384 | $11.3M | Add +7.4% |
| MXE Mexico Equity and Income FD | 0.82% | 940,560 | $11.2M | Add +13.6% |
| KKR KKR & Co. Inc. | 0.70% | 72,629 | $9.4M | Reduce -7.4% |
| SDHY Pgim SHRT Durat Hi YLD | 0.66% | 534,399 | $8.9M | Reduce -1.4% |
| PDX PIMCO Dynamic Income Strat | 0.62% | 335,184 | $8.4M | Add +10.0% |
| CG The Carlyle Group Inc. | 0.46% | 99,723 | $6.3M | Reduce -8.4% |
| FTHY First Trust Hi YLD Opp 2027 | 0.45% | 419,564 | $6.1M | Reduce -15.0% |
| XMYDX BlackRock Muniyield Fund | 0.44% | 559,426 | $5.9M | Add +35.4% |
| MSFT Microsoft Corp. | 0.37% | 9,653 | $5.0M | Reduce -18.3% |
| AFB Allianceberstein NTL Muni | 0.36% | 453,640 | $4.9M | No change |
| MHD BlackRock Muniholdings Fund | 0.32% | 371,247 | $4.4M | Add +52.7% |
| MYI BlackRock Muniyield QLTY III | 0.32% | 391,043 | $4.3M | Add +12.1% |
| MMU Western Asset Managed Munici | 0.30% | 397,985 | $4.1M | No change |
| MUC BlackRock Munihold Ca QLTY | 0.30% | 371,024 | $4.0M | No change |
| RA Brookfield Real Assets Incom | 0.30% | 300,319 | $4.0M | Reduce -5.9% |
| BX Blackstone Inc. | 0.29% | 22,999 | $3.9M | No change |
| BCX BlackRock Resources & Commod | 0.28% | 371,895 | $3.8M | Add +59.8% |
| PML PIMCO Municipal Income FD II | 0.27% | 461,349 | $3.6M | New |
| XJQCX Nuveen Credit Strategies Inc. | 0.25% | 635,847 | $3.4M | No change |
| AMZN Amazon.com Inc. | 0.23% | 13,890 | $3.0M | Reduce -64.7% |
| GF The New Germany Fund Inc. | 0.22% | 252,867 | $2.9M | Reduce -14.6% |
| ARGT Global X MSCI Argentina ETF | 0.21% | 41,500 | $2.9M | Add +20.6% |
| VVR Invesco Senior Income Trust | 0.20% | 767,024 | $2.7M | New |
| BGB Blackstone Strategic Credit | 0.17% | 186,254 | $2.3M | Reduce -20.8% |
| JFR Nuveen Floating Rate Income | 0.15% | 255,523 | $2.1M | Add +619.3% |
| BHK BlackRock Core Bond Trust | 0.15% | 208,925 | $2.1M | New |
| XCMUX MFS High Yield Municipal TR | 0.13% | 518,249 | $1.8M | Add +11.9% |
| XPCQX PIMCO California Muni Inc. FD | 0.13% | 201,590 | $1.8M | Reduce -4.2% |
| LEO BNY Mellon Strategic Muni | 0.13% | 270,829 | $1.7M | No change |
| ASG Liberty All-Star Growth FD | 0.11% | 274,360 | $1.5M | Add +3.2% |
| XMVFX BlackRock Munivest Fund | 0.11% | 215,857 | $1.5M | New |
| UTF Cohen & Steers Infrastructur | 0.10% | 55,300 | $1.4M | New |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.10% | 87,267 | $1.3M | No change |
| EPU iShares MSCI Peru and Global | 0.09% | 20,600 | $1.3M | Add +47.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.09% | 23,427 | $1.2M | Add +72.5% |
| HQH Abrdn Healthcare Investors | 0.09% | 62,845 | $1.2M | Add +0.7% |
| TUR iShares MSCI Turkey ETF | 0.08% | 33,200 | $1.1M | Add +60.4% |
| MYN BlackRock Muniyield NY QLTY | 0.08% | 112,750 | $1.1M | New |
| MELI MercadoLibre Inc. | 0.08% | 475 | $1.1M | New |
| EPOL iShares MSCI Poland ETF | 0.08% | 33,700 | $1.1M | Add +53.9% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.08% | 74,070 | $1.1M | New |
| RVT Royce Small-Cap Trust Inc. | 0.08% | 64,791 | $1.0M | Add +46.6% |
| BFK BlackRock Municipal Inc. TRST | 0.07% | 96,407 | $969K | New |
| XENWX Eaton Vance New York Municip | 0.06% | 84,523 | $833K | Reduce -29.1% |
| EIM Eaton Vance Municipal Bond | 0.06% | 82,382 | $819K | Reduce -66.0% |
| DTF DTF Tax-Free Income 2028 Ter | 0.06% | 71,012 | $812K | No change |
| FMN Federated Herm Prem Muni Inc. | 0.06% | 71,605 | $791K | Add +105.0% |
| CXE MFS High Income Municipal TR | 0.05% | 195,885 | $729K | No change |
| GREK Global X MSCI Greece ETF | 0.05% | 11,300 | $728K | Reduce -25.9% |
| MHN BlackRock Muniholding NY QLT | 0.04% | 56,695 | $579K | New |
| XBNYX BlackRock New York Muni Inc. | 0.04% | 53,221 | $539K | New |
| IWD iShares Russell 1000 Value E | 0.04% | 2,400 | $489K | New |
| XEVMX Eaton Vance Cal Muni Bond | 0.03% | 45,690 | $434K | Reduce -67.0% |
| XGDVX Gabelli Dividend & Income TR | 0.03% | 14,376 | $390K | Reduce -60.3% |
| FTF Franklin Ltd. Dur Inc. TR | 0.03% | 59,915 | $382K | Add +82.7% |
| EVF Eaton Vance Senior Income TR | 0.01% | 35,500 | $195K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 55,300 | $4K | New |
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Reduce -44.4% | 1.98% | −1.27 |
| CHINA FUND INC | Reduce -24.2% | 3.71% | −1.26 |
| JOF Japan Smaller Capitalization | Reduce -17.9% | 2.74% | −1.10 |
| AEF Abrdn Emerging Markets Ex CH | Reduce -1.5% | 5.74% | −0.98 |
| NML Neuberger Energy Infrastruct | Reduce -5.8% | 2.08% | −0.79 |
| MXF Mexico Fund Inc. | Reduce -1.4% | 5.18% | −0.71 |
| TDF Templeton Dragon Fund Inc. | Reduce -0.7% | 7.30% | −0.63 |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | Reduce -2.3% | 9.60% | −0.63 |
| VEU Vanguard Ftse All-World Ex-U | Sold out | 0.00% | −0.58 |
| AMZN Amazon.com Inc. | Reduce -64.7% | 0.23% | −0.58 |
| XPMAX Pioneer Municipal High Inc. | Sold out | 0.00% | −0.34 |
| MUB iShares National Muni Bond E | Reduce -1.0% | 1.13% | −0.28 |
| KKR KKR & Co. Inc. | Reduce -7.4% | 0.70% | −0.27 |
| FTHY First Trust Hi YLD Opp 2027 | Reduce -15.0% | 0.45% | −0.23 |
| ACWX iShares MSCI Acwi Ex US ETF | Sold out | 0.00% | −0.21 |
| SDHY Pgim SHRT Durat Hi YLD | Reduce -1.4% | 0.66% | −0.19 |
| MSFT Microsoft Corp. | Reduce -18.3% | 0.37% | −0.18 |
| EIM Eaton Vance Municipal Bond | Reduce -66.0% | 0.06% | −0.16 |
| XPMQX PIMCO Muni Income Fund III | Sold out | 0.00% | −0.15 |
| GF The New Germany Fund Inc. | Reduce -14.6% | 0.22% | −0.11 |
| IQI Invesco Quality Muni Inc. TR | Sold out | 0.00% | −0.10 |
| RA Brookfield Real Assets Incom | Reduce -5.9% | 0.30% | −0.10 |
| BGB Blackstone Strategic Credit | Reduce -20.8% | 0.17% | −0.10 |
| XEVMX Eaton Vance Cal Muni Bond | Reduce -67.0% | 0.03% | −0.08 |
| KWT iShares MSCI Kuwait ETF | Sold out | 0.00% | −0.08 |
| NUV Nuveen Municipal Value | Sold out | 0.00% | −0.08 |
| AAPL Apple Inc. | Reduce -0.4% | 4.71% | −0.08 |
| XGDVX Gabelli Dividend & Income TR | Reduce -60.3% | 0.03% | −0.06 |
| CG The Carlyle Group Inc. | Reduce -8.4% | 0.46% | −0.06 |
| MAGS Roundhill Magnificent Seven | Sold out | 0.00% | −0.05 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Sold out | 0.00% | −0.04 |
| XENWX Eaton Vance New York Municip | Reduce -29.1% | 0.06% | −0.04 |
| HYI Western Asset High Yield Opp | Sold out | 0.00% | −0.04 |
| ERC Allspring Multi-Sector Inc. | Sold out | 0.00% | −0.03 |
| GREK Global X MSCI Greece ETF | Reduce -25.9% | 0.05% | −0.03 |
| XPCQX PIMCO California Muni Inc. FD | Reduce -4.2% | 0.13% | −0.03 |
| EUFN iShares MSCI Europe Financia | Sold out | 0.00% | −0.02 |
| XEADX Allspring Income Opport | Sold out | 0.00% | −0.02 |
| ACP Abrdn Income Credit Strat | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +67.4% | 5.36% | +1.95 |
| EWY iShares MSCI South Korea ETF | Add +72.2% | 4.41% | +1.52 |
| IEMG iShares Core MSCI Emerging | Add +736.9% | 1.43% | +1.23 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 1.23% | +1.23 |
| KYN Kayne Anderson Energy Infra | Add +402.0% | 1.57% | +1.17 |
| FXI iShares China Large-Cap ETF | Add +78.5% | 3.02% | +1.12 |
| INDA iShares MSCI India ETF | Add +1136.5% | 1.13% | +1.01 |
| IFN Aberdeen India Fund Inc. | New | 0.90% | +0.90 |
| IIF Morgan Stanley India Invest | Add +366.1% | 0.94% | +0.67 |
| NBXG Neuberger Next Generation Co. | Add +297.5% | 0.95% | +0.67 |
| PML PIMCO Municipal Income FD II | New | 0.27% | +0.27 |
| VVR Invesco Senior Income Trust | New | 0.20% | +0.20 |
| BHK BlackRock Core Bond Trust | New | 0.15% | +0.15 |
| JFR Nuveen Floating Rate Income | Add +619.3% | 0.15% | +0.13 |
| XMVFX BlackRock Munivest Fund | New | 0.11% | +0.11 |
| UTF Cohen & Steers Infrastructur | New | 0.10% | +0.10 |
| MYN BlackRock Muniyield NY QLTY | New | 0.08% | +0.08 |
| MELI MercadoLibre Inc. | New | 0.08% | +0.08 |
| BMEZ BlackRock HLTH Sci TRM TR II | New | 0.08% | +0.08 |
| BCX BlackRock Resources & Commod | Add +59.8% | 0.28% | +0.08 |
| BFK BlackRock Municipal Inc. TRST | New | 0.07% | +0.07 |
| MHD BlackRock Muniholdings Fund | Add +52.7% | 0.32% | +0.07 |
| XMYDX BlackRock Muniyield Fund | Add +35.4% | 0.44% | +0.05 |
| MHN BlackRock Muniholding NY QLT | New | 0.04% | +0.04 |
| XBNYX BlackRock New York Muni Inc. | New | 0.04% | +0.04 |
| IWD iShares Russell 1000 Value E | New | 0.04% | +0.04 |
| EPU iShares MSCI Peru and Global | Add +47.1% | 0.09% | +0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +72.5% | 0.09% | +0.03 |
| FMN Federated Herm Prem Muni Inc. | Add +105.0% | 0.06% | +0.02 |
| TUR iShares MSCI Turkey ETF | Add +60.4% | 0.08% | +0.02 |
| MXE Mexico Equity and Income FD | Add +13.6% | 0.82% | +0.02 |
| RVT Royce Small-Cap Trust Inc. | Add +46.6% | 0.08% | +0.02 |
| EPOL iShares MSCI Poland ETF | Add +53.9% | 0.08% | +0.01 |
| EVF Eaton Vance Senior Income TR | New | 0.01% | +0.01 |
| FTF Franklin Ltd. Dur Inc. TR | Add +82.7% | 0.03% | +0.01 |
| HQH Abrdn Healthcare Investors | Add +0.7% | 0.09% | −0.00 |
| XCMUX MFS High Yield Municipal TR | Add +11.9% | 0.13% | −0.01 |
| KF Korea Fund Inc. | Add +10.1% | 3.29% | −0.02 |
| MYI BlackRock Muniyield QLTY III | Add +12.1% | 0.32% | −0.02 |
| ASG Liberty All-Star Growth FD | Add +3.2% | 0.11% | −0.02 |
| XCAFX Morgan Stanley China A Share | Add +3.3% | 7.56% | −0.05 |
| ARGT Global X MSCI Argentina ETF | Add +20.6% | 0.21% | −0.06 |
| PDX PIMCO Dynamic Income Strat | Add +10.0% | 0.62% | −0.08 |
| EWT iShares MSCI Taiwan ETF | Add +10.7% | 4.88% | −0.12 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +8.8% | 1.10% | −0.14 |
| XBGYX BlackRock Enh Intl DVD TR | Add +7.4% | 0.84% | −0.15 |
| EMF Templeton Emerging Markets | Add +5.4% | 5.16% | −0.21 |
Notes & Other Activity Q2 2025 → Q3 2025
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | New | 55,300 | $4K |
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 |