INDIA FD INC IFN
COM · Closed-End Fund · CUSIP 454089103
71
institutional holders
-1 vs Q4 2025
6.1m
shares reported held*
$69.4mreported value*
8 new
29 added
20 reduced
8 sold out
net sold ≈ $9.5m (-835.4k 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 ≈ $11.32.
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 52 |
| Q4 2022 | 51 |
| Q1 2023 | 62 |
| Q2 2023 | 62 |
| Q3 2023 | 65 |
| Q4 2023 | 69 |
| Q1 2024 | 66 |
| Q2 2024 | 80 |
| Q3 2024 | 92 |
| Q4 2024 | 100 |
| Q1 2025 | 81 |
| Q2 2025 | 85 |
| Q3 2025 | 77 |
| Q4 2025 | 72 |
| Q1 2026 | 71 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 50 | 23 |
| Q3 2024 | 56 | 24 |
| Q4 2024 | 42 | 36 |
| Q1 2025 | 37 | 45 |
| Q2 2025 | 37 | 36 |
| Q3 2025 | 40 | 31 |
| Q4 2025 | 25 | 40 |
| Q1 2026 | 37 | 28 |
Biggest buyers
| Penserra Capital Management LLC | Added | +679.6k |
| LPL Financial LLC | Added | +92.1k |
| MORGAN STANLEY | Added | +75.8k |
| Cetera Investment Advisers | Added | +60.6k |
| RAYMOND JAMES FINANCIAL INC | Added | +53.5k |
| Janney Montgomery Scott LLC | Added | +51.3k |
| CITADEL ADVISORS LLC | New | +24.3k |
| Advocate Investing Services LLC | Added | +22.9k |
| Robertson Stephens Wealth Management, LLC | Added | +22.5k |
| DECISION INVESTMENTS, INC | New | +15.7k |
Biggest sellers
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -1.2m |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -404.3k |
| Logan Stone Capital, LLC | Sold out | -109.5k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -56.4k |
| JANE STREET GROUP, LLC | Sold out | -53.4k |
| WELLS FARGO & COMPANY/MN | Reduced | -43.9k |
| CIBC WORLD MARKET INC. | Reduced | -40.5k |
| XTX Topco Ltd | Reduced | -25.4k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold out | -19.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | Reduced | -16.8k |
Insider purchases and sales in Q1 2026
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
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 1 | $18.0k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $14.1m | Added +75.8k |
| Penserra Capital Management LLC 0.15% of their portfolio | 1.1m $12.6m | Added +679.6k |
| Cetera Investment Advisers 0.01% of their portfolio | 623.7k $7.1m | Added +60.6k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.48% of their portfolio | 580.6k $6.6m | Reduced -1.2m |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 291.2k $3.3m | Added +53.5k |
| LPL Financial LLC 0.00% of their portfolio | 268.1k $3.0m | Added +92.1k |
| UBS Group AG 0.00% of their portfolio | 246.5k $2.8m | Added +9.9k |
| STRS OHIO 0.01% of their portfolio | 240.0k $2.7m | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 207.8k $2.4m | Reduced -13.8k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 193.3k $2.2m | Added +51.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 136.4k $1.5m | Reduced -4.3k |
| Advocate Investing Services LLC 0.92% of their portfolio | 95.9k $1.1m | Added +22.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 89.1k $1.0m | Added +7.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 62.6k $708.5k | Added +13.3k |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 56.0k $634.1k | Reduced -3.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 52.1k $590.1k | Reduced -43.9k |
| Focus Partners Wealth 0.00% of their portfolio | 49.2k $556.9k | Added +7.5k |
| Robertson Stephens Wealth Management, LLC 0.02% of their portfolio | 47.5k $537.7k | Added +22.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 43.7k $495.0k | Added +14.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 39.2k $443.3k | Reduced -16.8k |
| SCHNIEDERS CAPITAL MANAGEMENT, LLC. 0.06% of their portfolio | 30.9k $349.9k | Reduced -600 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 30.7k $347.8k | Added +2.1k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 29.0k $327.7k | Reduced -40.5k |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 25.0k $282.7k | Added +1.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 24.3k $275.0k | New |
| XTX Topco Ltd 0.00% of their portfolio | 23.2k $262.6k | Reduced -25.4k |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.01% of their portfolio | 22.8k $258.5k | Added +9.0k |
| Calamos Advisors LLC 0.00% of their portfolio | 20.7k $233.9k | Added +2.5k |
| Composition Wealth, LLC 0.00% of their portfolio | 19.1k $216.4k | Added +369 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 19.0k $215.0k | Added +446 |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 18.2k $205.5k | Reduced -1.7k |
| Pettinga Financial Advisors LLC 0.04% of their portfolio | 17.0k $192.4k | Unchanged |
| DECISION INVESTMENTS, INC 0.20% of their portfolio | 15.7k $178.2k | New |
| Waverly Advisors, LLC 0.00% of their portfolio | 14.9k $169.2k | Added +3.3k |
| one8zero8, LLC 0.04% of their portfolio | 14.5k $164.3k | Added +1.4k |
| Virtu Financial LLC 0.01% of their portfolio | 14.1k $160.0k | Reduced -2.6k |
| NWAM LLC 0.01% of their portfolio | 12.8k $144.6k | Added +1.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 11.7k $132.4k | New |
| Mariner, LLC 0.00% of their portfolio | 11.0k $124.2k | Added +76 |
| Hudson Portfolio Management LLC 0.10% of their portfolio | 10.8k $122.5k | Unchanged |
| Kovack Advisors, Inc. 0.01% of their portfolio | 10.6k $120.5k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 10.2k $115.0k | Reduced -10.7k |
| INTEGRITY WEALTH ADVISORS, INC. 0.07% of their portfolio | 10.1k $114.6k | Unchanged |
| LEVIN CAPITAL STRATEGIES, L.P. 0.01% of their portfolio | 10.0k $113.2k | Reduced -10.0k |
| Allworth Financial LP 0.00% of their portfolio | 2.5k $28.3k | Added +300 |
| Clearstead Advisors, LLC 0.00% of their portfolio | 2.5k $28.2k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 2.5k $28.0k | Reduced -56.4k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 2.2k $24.9k | Added +500 |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 1.8k $20.9k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.8k $20.0k | Added +174 |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 1.2k $14.2k | Added +78 |
| THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio | 1.1k $12.2k | Unchanged |
| Noble Wealth Management PBC 0.00% of their portfolio | 750 $8.5k | Reduced -800 |
| Advisory Services Network, LLC 0.00% of their portfolio | 615 $7.0k | New |
| Ancora Advisors LLC 0.00% of their portfolio | 600 $6.8k | Reduced -300 |
| Parallel Advisors, LLC 0.00% of their portfolio | 561 $6.4k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 525 $5.9k | Added +523 |
| Spire Wealth Management 0.00% of their portfolio | 500 $5.7k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 500 $5.7k | Reduced -332 |
| JDM Financial Group LLC 0.00% of their portfolio | 432 $4.9k | Added +42 |
| North Star Investment Management Corp. 0.00% of their portfolio | 201 $2.3k | Unchanged |
| Investors Research Corp 0.00% of their portfolio | 110 $1.2k | Unchanged |
| FWL INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 110 $1.2k | Unchanged |
| Murphy & Mullick Capital Management Corp 0.00% of their portfolio | 110 $1.2k | Unchanged |
| Blume Capital Management, Inc. 0.00% of their portfolio | 88 $997 | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 40 $453 | Reduced -43 |
| Cassaday & Co Wealth Management LLC 0.00% of their portfolio | 39 $442 | Reduced -16.6k |
| MAI Capital Management 0.00% of their portfolio | 37 $424 | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 9 $98 | New |
| DANSKE BANK A/S 0.00% of their portfolio | 1 $11 | New |
| CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio | 0 $0 | Reduced -10 |