Vault-13

INDIA FD INC IFN

COM · Closed-End Fund · CUSIP 454089103

77 institutional holders -8 vs Q2 2025
6,485,7346.5m shares reported held*
$95.1mreported value*
11 new 29 added 14 reduced 17 sold out net bought ≈ $3.2m (+202.5k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $14.66.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 52Q4 22: 51Q1 23: 62Q2 23: 62Q3 23: 65Q4 23: 69Q1 24: 66Q2 24: 80Q3 24: 92Q4 24: 100Q1 25: 81Q2 25: 85Q3 25: 7777Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202252
Q4 202251
Q1 202362
Q2 202362
Q3 202365
Q4 202369
Q1 202466
Q2 202480
Q3 202492
Q4 2024100
Q1 202581
Q2 202585
Q3 202577

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 23: 25 bought or addedQ4 23: 18 cut or sold outQ1 24: 38 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 50 bought or addedQ2 24: 23 cut or sold outQ3 24: 56 bought or addedQ3 24: 24 cut or sold outQ3 24Q4 24: 42 bought or addedQ4 24: 36 cut or sold outQ1 25: 37 bought or addedQ1 25: 45 cut or sold outQ1 25Q2 25: 37 bought or addedQ2 25: 36 cut or sold outQ3 25: 40 bought or addedQ3 25: 31 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232518
Q1 20243817
Q2 20245023
Q3 20245624
Q4 20244236
Q1 20253745
Q2 20253736
Q3 20254031

Biggest buyers

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD New +830,504+830.5k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +161,037+161.0k
LAZARD ASSET MANAGEMENT LLC Added +40,608+40.6k
JANE STREET GROUP, LLC New +38,711+38.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +32,512+32.5k
LPL Financial LLC Added +22,559+22.6k
Robertson Stephens Wealth Management, LLC Added +18,150+18.1k
BANK OF AMERICA CORP /DE/ Added +17,482+17.5k
Cetera Investment Advisers Added +16,262+16.3k
MILLENNIUM MANAGEMENT LLC New +13,493+13.5k

Biggest sellers

Penserra Capital Management LLC Reduced -608,872-608.9k
ROYAL BANK OF CANADA Reduced -285,077-285.1k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Sold out -41,476-41.5k
Concurrent Investment Advisors, LLC Sold out -28,067-28.1k
TRUIST FINANCIAL CORP Sold out -18,675-18.7k
STIFEL FINANCIAL CORP Reduced -16,522-16.5k
Hibernia Wealth Partners, LLC Sold out -15,018-15.0k
OPPENHEIMER & CO INC Sold out -14,908-14.9k
Euro Pacific Asset Management, LLC Reduced -14,100-14.1k
Keystone Financial Group Sold out -12,229-12.2k

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20241$18.0k0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,339,3381.3m $19.6m $19.6m 0.00% Reduced -10.8k -10,826
2 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.90% of their portfolio London, X0 830,504830.5k $12.2m $12.2m 0.90% New
3 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 538,602538.6k $7.9m $7.9m 0.01% Added +16.3k +16,262
4 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 525,157525.2k $7.7m $7.7m 0.00% Added +7.5k +7,461
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.34% of their portfolio WEST PALM BEACH, FL 409,758409.8k $6.0m $6.0m 0.34% Added +161.0k +161,037
6 Penserra Capital Management LLC 0.07% of their portfolio ORINDA, CA 393,673393.7k $5.8m $5.8m 0.07% Reduced -608.9k -608,872
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 247,317247.3k $3.6m $3.6m 0.00% Added +10.0k +10,013
8 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 240,000240.0k $3.5m $3.5m 0.01% Unchanged
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 239,731239.7k $3.5m $3.5m 0.00% Reduced -285.1k -285,077
10 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 216,765216.8k $3.2m $3.2m 0.00% Added +40.6k +40,608
11 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 193,957194.0k $2.8m $2.8m 0.01% Added +10.2k +10,185
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 170,249170.2k $2.5m $2.5m 0.00% Added +22.6k +22,559
13 Consolidated Portfolio Review Corp 0.22% of their portfolio WOODBURY, NY 121,534121.5k $1.8m $1.8m 0.22% Added +2.4k +2,445
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 120,285120.3k $1.8m $1.8m 0.00% Added +3.6k +3,609
15 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 85,51485.5k $1.3m $1.3m 0.00% Added +3.6k +3,627
16 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 55,94455.9k $819.6k $819.6k 0.00% Reduced -4.0k -3,964
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 49,52749.5k $725.6k $725.6k 0.00% Added +17.5k +17,482
18 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 49,00049.0k $717.9k $717.9k 0.02% Added +18.1k +18,150
19 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 43,39543.4k $635.7k $635.7k 0.00% Reduced -2.3k -2,315
20 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 42,79542.8k $626.9k $626.9k 0.00% Added +7.6k +7,640
21 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 40,88440.9k $599.0k $599.0k 0.00% Added +11.2k +11,161
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 38,71138.7k $567.1k $567.1k 0.00% New
23 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 36,78536.8k $538.9k $538.9k 0.00% Added +1.9k +1,868
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 32,51232.5k $476.3k $476.3k 0.00% New
25 SCHNIEDERS CAPITAL MANAGEMENT, LLC. 0.07% of their portfolio PASADENA, CA 31,50931.5k $461.6k $461.6k 0.07% First filing
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 31,36231.4k $471.4k $471.4k 0.00% Added +1.1k +1,058
27 Pettinga Financial Advisors LLC 0.09% of their portfolio EVANSVILLE, IN 30,65030.6k $449.0k $449.0k 0.09% Added +4.1k +4,070
28 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 24,64424.6k $361.0k $361.0k 0.00% Added +6.2k +6,246
29 INTEGRITY WEALTH ADVISORS, INC. 0.14% of their portfolio Ventura, CA 24,54224.5k $382.6k $382.6k 0.14% Added +12.3k +12,271
30 Silverleafe Capital Partners, LLC 0.09% of their portfolio GERMANTOWN, TN 19,26219.3k $282.2k $282.2k 0.09% Added +2.7k +2,670
31 Cassaday & Co Wealth Management LLC 0.01% of their portfolio MCLEAN, VA 17,18017.2k $251.7k $251.7k 0.01% Added +474 +474
32 Pallas Capital Advisors LLC 0.01% of their portfolio BRAINTREE, MA 17,00017.0k $249.1k $249.1k 0.01% Unchanged
33 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 16,60416.6k $243.2k $243.2k 0.00% Reduced -61 -61
34 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 16,10516.1k $236.0k $236.0k 0.00% Reduced -2.1k -2,085
35 Composition Wealth, LLC 0.00% of their portfolio LOS ANGELES, CA 15,05015.1k $220.5k $220.5k 0.00% Added +397 +397
36 Euro Pacific Asset Management, LLC 0.03% of their portfolio DORADO, PR 14,10014.1k $233.0k $233.0k 0.03% Reduced -14.1k -14,100
37 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.01% of their portfolio Westlake, OH 13,81213.8k $202.4k $202.4k 0.01% Added +381 +381
38 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 13,49313.5k $197.7k $197.7k 0.00% New
39 one8zero8, LLC 0.04% of their portfolio GREENSBORO, NC 13,11113.1k $192.1k $192.1k 0.04% Added +676 +676
40 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 12,79412.8k $187.4k $187.4k 0.00% Added +612 +612
41 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,75712.8k $186.9k $186.9k 0.00% Reduced -16.5k -16,522
42 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 12,13112.1k $177.0k $177.0k 0.00% New
43 LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.00% of their portfolio BOSTON, MA 12,00012.0k $183.6k $183.6k 0.00% Unchanged
44 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,89710.9k $159.6k $159.6k 0.00% New
45 Hudson Portfolio Management LLC 0.14% of their portfolio Garrison, NY 10,82310.8k $158.6k $158.6k 0.14% Unchanged
46 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 10,35610.4k $151.7k $151.7k 0.00% Unchanged
47 Alteri Wealth LLC 0.05% of their portfolio WESTLAKE VILLAGE, CA 10,21110.2k $149.6k $149.6k 0.05% Added +35 +35
48 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,8964.9k $71.7k $71.7k 0.00% Added +236 +236
49 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,9594.0k $58.0k $58.0k 0.00% Unchanged
50 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 3,3373.3k $48.9k $48.9k 0.00% New
51 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 2,7842.8k $40.8k $40.8k 0.00% New
52 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 2,4872.5k $36.4k $36.4k 0.00% Unchanged
53 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 1,8481.8k $27.1k $27.1k 0.00% Unchanged
54 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,7831.8k $26.1k $26.1k 0.00% Added +49 +49
55 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 1,7651.8k $25.9k $25.9k 0.00% New
56 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,7001.7k $24.9k $24.9k 0.00% Unchanged
57 Noble Wealth Management PBC 0.01% of their portfolio GREENWOOD VILLAGE, CO 1,5501.6k $22.7k $22.7k 0.01% First filing
58 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,1401.1k $16.7k $16.7k 0.00% Added +28 +28
59 THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio MADISON, WI 1,0801.1k $15.8k $15.8k 0.00% Unchanged
60 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 932932 $13.7k $13.7k 0.00% New
61 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 900900 $13.2k $13.2k 0.00% Unchanged
62 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 832832 $12.2k $12.2k 0.00% Unchanged
63 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 561561 $8.2k $8.2k 0.00% Reduced -4.7k -4,681
64 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 500500 $7.3k $7.3k 0.00% Unchanged
65 JDM Financial Group LLC 0.00% of their portfolio AUSTIN, TX 390390 $5.7k $5.7k 0.00% Reduced -368 -368
66 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 201201 $2.9k $2.9k 0.00% Unchanged
67 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 199199 $2.9k $2.9k 0.00% New
68 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 110110 $1.6k $1.6k 0.00% Unchanged
69 Investors Research Corp 0.00% of their portfolio ATLANTA, GA 110110 $1.6k $1.6k 0.00% Unchanged
70 Murphy & Mullick Capital Management Corp 0.00% of their portfolio SMITHTOWN, NY 110110 $1.6k $1.6k 0.00% Unchanged
71 FWL INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio Dallas, TX 9090 $1.3k $1.3k 0.00% Reduced -25 -25
72 Blume Capital Management, Inc. 0.00% of their portfolio BERKELEY, CA 8888 $1.3k $1.3k 0.00% Unchanged
73 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2727 $395 $395 0.00% Reduced -32 -32
74 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 1010 $147 $147 0.00% Unchanged
75 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 77 $103 $103 0.00% Reduced -270 -270
76 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 66 $88 $88 0.00% Unchanged
77 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 22 $30 $30 0.00% Unchanged