CITY OF LONDON INVESTMENT MANAGEMENT CO LTD

CIK

1034546

Location

London, X0

Portfolio Value

Mid $1,036,719,257

Diversification

Diversified

Filing Date

Global Rank

#1,716 / 7,976 ▲ 123

Top Industry

Asset Management 83.4%

3Y Alpha vs SPY

+5.8%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+103.0%

SPY

+76.5%

Annualised alpha

+5.8%

Max drawdown

−17.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

59 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

12.5%

−0.3 pts

Top 5

46.4%

−1.9 pts

Top 10

74.0%

−0.5 pts

HHI

643

Diversified−26

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Financial Services	83.4%	$864,567,557	53
Technology	13.6%	$141,199,533	3
Communication Services	2.6%	$26,792,294	1
Consumer Cyclical	0.4%	$4,159,873	2

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
KYN	Kayne Anderson Energy Infrastructure Fund, Inc.	+1,379,614	1,722,769	$21,310,652
NBXG	Neuberger Next Generation Connectivity Fund Inc.	+626,077	836,518	$12,865,646
IIF	Morgan Stanley India Investment Fund, Inc.	+378,732	482,174	$12,705,284
JFR	Nuveen Floating Rate Income Fund	+220,000	255,523	$2,090,178
EMF	Templeton Emerging Markets Fund	+212,281	4,171,496	$69,830,843
CAF	Morgan Stanley China A Share Fund, Inc.	+197,503	6,147,824	$102,361,269
NVDA	Nvidia Corp	+156,467	388,621	$72,508,906
BCX	BlackRock Resources & Commodities Strategy Trust	+139,234	371,895	$3,782,172
BGY	BlackRock Enhanced International Dividend Trust	+136,515	1,973,384	$11,346,958
KF	Korea Fund Inc	+134,103	1,456,201	$44,545,188
MHD	Blackrock Muniholdings Fund, Inc.	+128,150	371,247	$4,362,152
MXE	Mexico Equity & Income Fund Inc	+112,537	940,560	$11,164,447
CMU	Mfs High Yield Municipal Trust	+55,000	518,249	$1,798,324
BTT	BlackRock Municipal 2030 Target Term Trust	+53,700	662,759	$14,885,567
MYI	Blackrock Muniyield Quality Fund III, Inc.	+42,199	391,043	$4,332,756
FMN	Federated Hermes Premier Municipal Income Fund	+36,680	71,605	$790,519
PDX	PIMCO Dynamic Income Strategy Fund	+30,350	335,184	$8,356,137
FTF	Franklin Ltd Duration Income Trust	+27,112	59,915	$381,658
RVT	Royce Small-Cap Trust, Inc.	+20,600	64,791	$1,045,078
ASG	Liberty All Star Growth Fund Inc.	+8,610	274,360	$1,522,698
HQH	abrdn Healthcare Investors	+430	62,845	$1,160,118
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
JOF	Japan Smaller Capitalization Fund Inc	−764,864	3,520,068	$37,101,516
NML	Neuberger Energy Infrastructure & Income Fund Inc.	−198,839	3,225,547	$28,126,769
AEF	abrdn Emerging Markets ex-China Fund, Inc.	−183,832	11,991,972	$77,707,978
EIM	Eaton Vance Municipal Bond Fund	−159,540	82,382	$818,877
GOOGL	Alphabet Inc.	−87,956	110,211	$26,792,294
FTHY	First Trust High Yield Opportunities 2027 Term Fund	−74,034	419,564	$6,079,482
TDF	Templeton Dragon Fund Inc	−63,657	8,486,198	$98,864,206
TWN	Taiwan Fund Inc	−55,863	2,401,789	$129,984,820
MXF	Mexico Fund Inc	−51,744	3,557,028	$70,073,451
BGB	Blackstone Strategic Credit 2027 Term Fund	−48,776	186,254	$2,266,711
GF	New Germany Fund Inc	−43,184	252,867	$2,923,142
AMZN	Amazon Com Inc	−25,460	13,890	$3,049,827
GDV	Gabelli Dividend & Income Trust	−21,800	14,376	$390,020
RA	Brookfield Real Assets Income Fund Inc.	−18,962	300,319	$4,012,261
CG	Carlyle Group Inc.	−9,114	99,723	$6,252,632
SDHY	PGIM Short Duration High Yield Opportunities Fund	−7,333	534,399	$8,935,151
KKR	KKR & Co. Inc.	−5,834	72,629	$9,438,138
MSFT	Microsoft Corp	−2,168	9,653	$4,999,771
AAPL	Apple Inc.	−939	250,131	$63,690,856
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
IFN	Aberdeen India Fund, Inc.	830,504	$12,166,883
PML	Pimco Municipal Income Fund II	461,349	$3,649,270
VVR	Invesco Senior Income Trust	767,024	$2,653,903
BHK	Blackrock Core Bond Trust	208,925	$2,076,714
PCQ	Pimco California Municipal Income Fund	201,590	$1,757,864
UTF	Cohen & Steers Infrastructure Fund Inc	55,300	$1,371,440
MYN	Blackrock Muniyield New York Quality Fund, Inc.	112,750	$1,119,607
MELI	Mercadolibre Inc	475	$1,110,046
BMEZ	BlackRock Health Sciences Term Trust	74,070	$1,068,089
EVF	Eaton Vance Senior Income Trust	35,500	$194,540
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
IQI	Invesco Quality Municipal Income Trust	118,449	$1,111,051
NUV	Nuveen Municipal Value Fund Inc	101,974	$886,154
MEGI	NYLI CBRE Global Infrastructure Megatrends Term Fund	33,152	$471,089
HYI	Western Asset High Yield Opportunity Fund Inc.	34,407	$412,195
ERC	Allspring Multi-Sector Income Fund	33,304	$314,722
EAD	Allspring Income Opportunities Fund	32,595	$230,120
ACP	abrdn Income Credit Strategies Fund	21,300	$125,670
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

59 positions · $1,036,719,257 total · as of Sep 30, 2025

All sectors Communication Services Consumer Cyclical Financial Services Technology

Showing 1–50 of 59 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TWN	Taiwan Fund Inc Financial Services	Reduced	2,401,789	-55,863	$129,984,820	+18.0%	12.54%
CAF	Morgan Stanley China A Share Fund, Inc. Financial Services	Added	6,147,824	+197,503	$102,361,269	+24.8%	9.87%
TDF	Templeton Dragon Fund Inc Financial Services	Reduced	8,486,198	-63,657	$98,864,206	+15.7%	9.54%
AEF	abrdn Emerging Markets ex-China Fund, Inc. Financial Services	Reduced	11,991,972	-183,832	$77,707,978	+7.4%	7.50%
NVDA	Nvidia Corp Technology	Added	388,621	+156,467	$72,508,906	+97.7%	6.99%
MXF	Mexico Fund Inc Financial Services	Reduced	3,557,028	-51,744	$70,073,451	+10.5%	6.76%
EMF	Templeton Emerging Markets Fund Financial Services	Added	4,171,496	+212,281	$69,830,843	+20.9%	6.74%
AAPL	Apple Inc. Technology	Reduced	250,131	-939	$63,690,856	+23.6%	6.14%
KF	Korea Fund Inc Financial Services	Added	1,456,201	+134,103	$44,545,188	+25.1%	4.30%
JOF	Japan Smaller Capitalization Fund Inc Financial Services	Reduced	3,520,068	-764,864	$37,101,516	−10.2%	3.58%
NML	Neuberger Energy Infrastructure & Income Fund Inc. Financial Services	Reduced	3,225,547	-3,623,225	$28,126,769	−54.4%	2.71%
GOOGL	Alphabet Inc. Communication Services	Reduced	110,211	-87,956	$26,792,294	−23.3%	2.58%
KYN	Kayne Anderson Energy Infrastructure Fund, Inc. Financial Services	Added	1,722,769	+1,379,614	$21,310,652	+388.2%	2.06%
BTT	BlackRock Municipal 2030 Target Term Trust Financial Services	Added	662,759	+53,700	$14,885,567	+11.7%	1.44%
NBXG	Neuberger Next Generation Connectivity Fund Inc. Financial Services	Added	836,518	+626,077	$12,865,646	+318.7%	1.24%
IIF	Morgan Stanley India Investment Fund, Inc. Financial Services	Added	482,174	+378,732	$12,705,284	+335.1%	1.23%
IFN	Aberdeen India Fund, Inc. Financial Services	NEW	830,504	NEW	$12,166,883	NEW	1.17%
BGY	BlackRock Enhanced International Dividend Trust Financial Services	Added	1,973,384	+136,515	$11,346,958	+6.7%	1.09%
MXE	Mexico Equity & Income Fund Inc Financial Services	Added	940,560	+112,537	$11,164,447	+28.8%	1.08%
KKR	KKR & Co. Inc. Financial Services	Reduced	72,629	-5,834	$9,438,138	−9.6%	0.91%
SDHY	PGIM Short Duration High Yield Opportunities Fund Financial Services	Reduced	534,399	-7,333	$8,935,151	−2.1%	0.86%
PDX	PIMCO Dynamic Income Strategy Fund Financial Services	Added	335,184	+30,350	$8,356,137	+11.2%	0.81%
CG	Carlyle Group Inc. Financial Services	Reduced	99,723	-9,114	$6,252,632	+11.8%	0.60%
FTHY	First Trust High Yield Opportunities 2027 Term Fund Financial Services	Reduced	419,564	-74,034	$6,079,482	−17.1%	0.59%
MSFT	Microsoft Corp Technology	Reduced	9,653	-2,168	$4,999,771	−15.0%	0.48%
AFB	Alliancebernstein National Municipal Income Fund Financial Services	Held	453,640	0	$4,921,994	+5.2%	0.47%
MHD	Blackrock Muniholdings Fund, Inc. Financial Services	Added	371,247	+128,150	$4,362,152	+60.2%	0.42%
MYI	Blackrock Muniyield Quality Fund III, Inc. Financial Services	Added	391,043	+42,199	$4,332,756	+18.4%	0.42%
MMU	Western Asset Managed Municipals Fund Inc. Financial Services	Held	397,985	0	$4,115,164	+4.4%	0.40%
MUC	Blackrock Muniholdings California Quality Fund, Inc. Financial Services	Held	371,024	0	$4,025,610	+4.8%	0.39%
RA	Brookfield Real Assets Income Fund Inc. Financial Services	Reduced	300,319	-18,962	$4,012,261	−6.0%	0.39%
BX	Blackstone Inc. Financial Services	Held	22,999	0	$3,929,379	+14.2%	0.38%
BCX	BlackRock Resources & Commodities Strategy Trust Financial Services	Added	371,895	+139,234	$3,782,172	+72.0%	0.36%
PML	Pimco Municipal Income Fund II Financial Services	NEW	461,349	NEW	$3,649,270	NEW	0.35%
JQC	Nuveen Credit Strategies Income Fund Financial Services	Held	635,847	0	$3,350,913	−2.2%	0.32%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	13,890	-25,460	$3,049,827	−64.7%	0.29%
GF	New Germany Fund Inc Financial Services	Reduced	252,867	-43,184	$2,923,142	−17.3%	0.28%
VVR	Invesco Senior Income Trust Financial Services	NEW	767,024	NEW	$2,653,903	NEW	0.26%
BGB	Blackstone Strategic Credit 2027 Term Fund Financial Services	Reduced	186,254	-48,776	$2,266,711	−20.4%	0.22%
JFR	Nuveen Floating Rate Income Fund Financial Services	Added	255,523	+220,000	$2,090,178	+594.7%	0.20%
BHK	Blackrock Core Bond Trust Financial Services	NEW	208,925	NEW	$2,076,714	NEW	0.20%
CMU	Mfs High Yield Municipal Trust Financial Services	Added	518,249	+55,000	$1,798,324	+16.6%	0.17%
PCQ	Pimco California Municipal Income Fund Financial Services	NEW	201,590	NEW	$1,757,864	NEW	0.17%
LEO	Bny Mellon Strategic Municipals, Inc. Financial Services	Held	270,829	0	$1,692,681	+5.6%	0.16%
ASG	Liberty All Star Growth Fund Inc. Financial Services	Added	274,360	+8,610	$1,522,698	+4.7%	0.15%
UTF	Cohen & Steers Infrastructure Fund Inc Financial Services	NEW	55,300	NEW	$1,371,440	NEW	0.13%
MMD	NYLI MacKay DefinedTerm Muni Opportunities Fund Financial Services	Held	87,267	0	$1,320,349	+2.3%	0.13%
HQH	abrdn Healthcare Investors Financial Services	Added	62,845	+430	$1,160,118	+20.0%	0.11%
MYN	Blackrock Muniyield New York Quality Fund, Inc. Financial Services	NEW	112,750	NEW	$1,119,607	NEW	0.11%
MELI	Mercadolibre Inc Consumer Cyclical	NEW	475	NEW	$1,110,046	NEW	0.11%