Vault-13

INDIA FD INC IFN

COM · Closed-End Fund · CUSIP 454089103

72 institutional holders -5 vs Q3 2025
6,965,3547.0m shares reported held*
$95.5mreported value*
11 new 14 added 22 reduced 18 sold out net bought ≈ $4.8m (+347.6k 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 ≈ $13.71.

Trends to Q4 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: 77Q4 25: 7272Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202572

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 38 bought or addedQ1 24: 17 cut or sold outQ2 24: 50 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 56 bought or addedQ3 24: 24 cut or sold outQ4 24: 42 bought or addedQ4 24: 36 cut or sold outQ4 24Q1 25: 37 bought or addedQ1 25: 45 cut or sold outQ2 25: 37 bought or addedQ2 25: 36 cut or sold outQ2 25Q3 25: 40 bought or addedQ3 25: 31 cut or sold outQ4 25: 25 bought or addedQ4 25: 40 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243817
Q2 20245023
Q3 20245624
Q4 20244236
Q1 20253745
Q2 20253736
Q3 20254031
Q4 20252540

Biggest buyers

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +923,244+923.2k
Logan Stone Capital, LLC New +109,531+109.5k
WOLVERINE ASSET MANAGEMENT LLC Added +55,493+55.5k
XTX Topco Ltd New +48,575+48.6k
Penserra Capital Management LLC Added +40,185+40.2k
CIBC WORLD MARKET INC. Added +28,612+28.6k
Cetera Investment Advisers Added +24,464+24.5k
LEVIN CAPITAL STRATEGIES, L.P. New +20,000+20.0k
TRUIST FINANCIAL CORP New +19,809+19.8k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. New +19,645+19.6k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -287,471-287.5k
MORGAN STANLEY Reduced -170,568-170.6k
Consolidated Portfolio Review Corp Sold out -121,534-121.5k
ROYAL BANK OF CANADA Reduced -98,999-99.0k
Janney Montgomery Scott LLC Reduced -52,029-52.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -32,512-32.5k
Calamos Advisors LLC Reduced -24,593-24.6k
WELLS FARGO & COMPANY/MN Reduced -24,275-24.3k
Robertson Stephens Wealth Management, LLC Reduced -24,000-24.0k
Silverleafe Capital Partners, LLC Sold out -19,262-19.3k

Insider purchases and sales in Q4 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
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 1 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20241$18.0k0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.80% of their portfolio London, X0 1,753,7481.8m $24.0m $24.0m 1.80% Added +923.2k +923,244
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,168,7701.2m $16.0m $16.0m 0.00% Reduced -170.6k -170,568
3 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 563,066563.1k $7.7m $7.7m 0.01% Added +24.5k +24,464
4 Penserra Capital Management LLC 0.07% of their portfolio ORINDA, CA 433,858433.9k $5.9m $5.9m 0.07% Added +40.2k +40,185
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.26% of their portfolio WEST PALM BEACH, FL 404,299404.3k $5.5m $5.5m 0.26% Reduced -5.5k -5,459
6 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 240,000240.0k $3.3m $3.3m 0.01% Unchanged
7 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 237,686237.7k $3.3m $3.3m 0.00% Reduced -287.5k -287,471
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 236,665236.7k $3.2m $3.2m 0.00% Reduced -10.7k -10,652
9 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 221,669221.7k $3.0m $3.0m 0.01% Added +4.9k +4,904
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 175,953176.0k $2.4m $2.4m 0.00% Added +5.7k +5,704
11 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 141,928141.9k $1.9m $1.9m 0.00% Reduced -52.0k -52,029
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 140,732140.7k $1.9m $1.9m 0.00% Reduced -99.0k -98,999
13 Logan Stone Capital, LLC 0.37% of their portfolio CHICAGO, IL 109,531109.5k $1.5m $1.5m 0.37% New
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 96,01096.0k $1.3m $1.3m 0.00% Reduced -24.3k -24,275
15 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 81,81981.8k $1.1m $1.1m 0.00% Reduced -3.7k -3,695
16 Advocate Investing Services LLC 0.90% of their portfolio WOODBINE, MD 72,98473.0k $1.0m $1.0m 0.90% First filing
17 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 69,49669.5k $952.8k $952.8k 0.00% Added +28.6k +28,612
18 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 59,03759.0k $809.4k $809.4k 0.00% First filing
19 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 58,83058.8k $806.6k $806.6k 0.01% Added +55.5k +55,493
20 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 55,94455.9k $767.0k $767.0k 0.00% Unchanged
21 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 53,35753.4k $731.5k $731.5k 0.00% Added +14.6k +14,646
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 49,33049.3k $676.3k $676.3k 0.00% Reduced -197 -197
23 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 48,57548.6k $666.0k $666.0k 0.02% New
24 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 41,68941.7k $571.6k $571.6k 0.00% Reduced -1.7k -1,706
25 SCHNIEDERS CAPITAL MANAGEMENT, LLC. 0.07% of their portfolio PASADENA, CA 31,50931.5k $432.0k $432.0k 0.07% Unchanged
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 29,62929.6k $406.3k $406.3k 0.00% Reduced -1.7k -1,733
27 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 28,60928.6k $392.2k $392.2k 0.00% Reduced -8.2k -8,176
28 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 25,00025.0k $342.8k $342.8k 0.01% Reduced -24.0k -24,000
29 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 23,51323.5k $322.4k $322.4k 0.00% Reduced -1.1k -1,131
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 20,84820.8k $286.0k $286.0k 0.00% Added +4.7k +4,743
31 LEVIN CAPITAL STRATEGIES, L.P. 0.02% of their portfolio NEW YORK, NY 20,00020.0k $274.2k $274.2k 0.02% New
32 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 19,80919.8k $271.6k $271.6k 0.00% New
33 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio Englewood, NJ 19,64519.6k $269.3k $269.3k 0.02% New
34 Composition Wealth, LLC 0.00% of their portfolio LOS ANGELES, CA 18,75018.8k $257.1k $257.1k 0.00% Added +3.7k +3,700
35 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 18,54318.5k $254.2k $254.2k 0.00% Added +1.9k +1,939
36 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 18,20218.2k $249.5k $249.5k 0.00% Reduced -24.6k -24,593
37 Pettinga Financial Advisors LLC 0.04% of their portfolio EVANSVILLE, IN 17,00017.0k $233.1k $233.1k 0.04% Reduced -13.7k -13,650
38 Virtu Financial LLC 0.01% of their portfolio New York, NY 16,69116.7k $229.0k $229.0k 0.01% New
39 Cassaday & Co Wealth Management LLC 0.00% of their portfolio MCLEAN, VA 16,59516.6k $227.5k $227.5k 0.00% Reduced -585 -585
40 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.01% of their portfolio Westlake, OH 13,81213.8k $189.4k $189.4k 0.01% Unchanged
41 one8zero8, LLC 0.04% of their portfolio GREENSBORO, NC 13,11113.1k $179.8k $179.8k 0.04% Unchanged
42 Baker Ellis Asset Management LLC 0.02% of their portfolio Vancouver, WA 12,00012.0k $164.5k $164.5k 0.02% New
43 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 11,67811.7k $160.1k $160.1k 0.00% Reduced -1.1k -1,116
44 NWAM LLC 0.01% of their portfolio MERCER ISLAND, WA 11,67011.7k $160.6k $160.6k 0.01% New
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,89610.9k $149.4k $149.4k 0.00% Reduced -1 -1
46 Hudson Portfolio Management LLC 0.13% of their portfolio Garrison, NY 10,82310.8k $148.4k $148.4k 0.13% Unchanged
47 INTEGRITY WEALTH ADVISORS, INC. 0.10% of their portfolio Ventura, CA 10,12810.1k $137.3k $137.3k 0.10% Reduced -14.4k -14,414
48 TrueMark Investments, LLC 0.03% of their portfolio CHICAGO, IL 10,00010.0k $137.1k $137.1k 0.03% New
49 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 2,4872.5k $34.1k $34.1k 0.00% Unchanged
50 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 2,4772.5k $34.0k $34.0k 0.00% New
51 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,2002.2k $30.2k $30.2k 0.00% Reduced -1.8k -1,759
52 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 1,8481.8k $25.3k $25.3k 0.00% Unchanged
53 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,7831.8k $24.4k $24.4k 0.00% Unchanged
54 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,7001.7k $23.3k $23.3k 0.00% Unchanged
55 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,6191.6k $22.2k $22.2k 0.00% Reduced -3.3k -3,277
56 Noble Wealth Management PBC 0.01% of their portfolio GREENWOOD VILLAGE, CO 1,5501.6k $21.3k $21.3k 0.01% Unchanged
57 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,1721.2k $16.1k $16.1k 0.00% Added +32 +32
58 THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio MADISON, WI 1,0801.1k $14.8k $14.8k 0.00% Unchanged
59 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 900900 $12.3k $12.3k 0.00% Unchanged
60 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 832832 $11.4k $11.4k 0.00% Unchanged
61 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 561561 $7.7k $7.7k 0.00% Unchanged
62 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 500500 $6.9k $6.9k 0.00% Unchanged
63 JDM Financial Group LLC 0.00% of their portfolio AUSTIN, TX 390390 $5.3k $5.3k 0.00% Unchanged
64 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 201201 $2.8k $2.8k 0.00% Unchanged
65 Investors Research Corp 0.00% of their portfolio ATLANTA, GA 110110 $1.5k $1.5k 0.00% Unchanged
66 FWL INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio Dallas, TX 110110 $1.5k $1.5k 0.00% Added +20 +20
67 Murphy & Mullick Capital Management Corp 0.00% of their portfolio SMITHTOWN, NY 110110 $1.5k $1.5k 0.00% Unchanged
68 FLAGSHIP HARBOR ADVISORS, LLC 0.00% of their portfolio BOSTON, MA 104104 $1.4k $1.4k 0.00% New
69 Blume Capital Management, Inc. 0.00% of their portfolio BERKELEY, CA 8888 $1.2k $1.2k 0.00% Unchanged
70 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 8383 $1.1k $1.1k 0.00% Added +77 +77
71 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 1010 $137 $137 0.00% Unchanged
72 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 22 $28 $28 0.00% Unchanged