MORGAN STANLEY INDIA INVT FD IIF
COM · Closed-End Fund · CUSIP 61745C105 · ISIN US61745C1053
* 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 ≈ $25.05.
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 44 |
| Q4 2022 | 42 |
| Q1 2023 | 44 |
| Q2 2023 | 47 |
| Q3 2023 | 46 |
| Q4 2023 | 47 |
| Q1 2024 | 49 |
| Q2 2024 | 51 |
| Q3 2024 | 54 |
| Q4 2024 | 55 |
| Q1 2025 | 53 |
| Q2 2025 | 47 |
| Q3 2025 | 48 |
| Q4 2025 | 47 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 18 | 17 |
| Q2 2024 | 23 | 14 |
| Q3 2024 | 14 | 24 |
| Q4 2024 | 18 | 18 |
| Q1 2025 | 15 | 24 |
| Q2 2025 | 22 | 22 |
| Q3 2025 | 22 | 19 |
| Q4 2025 | 15 | 19 |
Biggest buyers
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +163.7k |
| Altium Capital Management LLC | New | +29.2k |
| CIBC WORLD MARKET INC. | New | +11.3k |
| Cresset Asset Management, LLC | New | +11.3k |
| MORGAN STANLEY | Added | +10.0k |
| COMMONWEALTH EQUITY SERVICES, LLC | New | +8.6k |
| STIFEL FINANCIAL CORP | Added | +7.1k |
| EVERGREEN CAPITAL MANAGEMENT LLC | Added | +6.5k |
| Calamos Advisors LLC | Added | +3.5k |
| ROYAL BANK OF CANADA | Added | +2.7k |
Biggest sellers
| Bulldog Investors, LLP | Reduced | -85.4k |
| Allspring Global Investments Holdings, LLC | Reduced | -70.8k |
| Saba Capital Management, L.P. | Reduced | -28.0k |
| JANE STREET GROUP, LLC | Sold out | -11.9k |
| CSS LLC/IL | Sold out | -9.3k |
| Quantedge Capital Pte Ltd | Sold out | -9.3k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -8.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -8.5k |
| UBS Group AG | Reduced | -7.5k |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 13G · institution +1.9 pts · filed 2026-10-23 | 13.0% |
Saba Capital Management, L.P.
13D · may seek influence
+1.0 pts · filed 2026-07-30
Stated purposeNot Applicable. Full filing |
9.0% |
| LAZARD ASSET MANAGEMENT LLC 13G · institution -1.7 pts · filed 2026-05-15 | 6.5% |
| Karpus Management, Inc. 13G · institution new · filed 2026-08-14 | 5.1% |
| GATES FOUNDATION TRUST 13G · passive investor new · filed 2026-04-20 | 5.0% |
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.
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-30 | Saba Capital Management, L.P. 10% owner | Sold | $471.8k18.9k shares |
| 2025-12-26 | Saba Capital Management, L.P. 10% owner | Sold | $228.9k9.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.83% of their portfolio | 988.9k $24.7m | Reduced -28.0k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 772.7k $19.3m | Added +2.4k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.21% of their portfolio | 645.9k $16.1m | Added +163.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 199.5k $5.0m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 181.2k $4.5m | Added +10.0k |
| Karpus Management, Inc. 0.13% of their portfolio | 173.7k $4.3m | Reduced -1.9k |
| UBS Group AG 0.00% of their portfolio | 156.6k $3.9m | Reduced -7.5k |
| Bulldog Investors, LLP 0.80% of their portfolio | 144.1k $3.6m | Reduced -85.4k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 121.3k $3.3m | Added +6.5k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 94.7k $2.4m | Reduced -70.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 94.6k $2.4m | Added +7.1k |
| Verition Fund Management LLC 0.01% of their portfolio | 80.6k $2.0m | Unchanged |
| STRS OHIO 0.01% of their portfolio | 54.7k $1.4m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 34.2k $854.0k | Added +2.7k |
| Altium Capital Management LLC 2.88% of their portfolio | 29.2k $729.7k | New |
| Pursuit Wealth Management LLC 0.62% of their portfolio | 28.7k $717.4k | First filing |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 22.3k $556.0k | Reduced -2.5k |
| GP Brinson Investments LLC 0.19% of their portfolio | 18.0k $449.6k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 14.3k $356.7k | Added +3.5k |
| Samalin Investment Counsel, LLC 0.12% of their portfolio | 13.0k $325.3k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.05% of their portfolio | 12.7k $317.2k | Unchanged |
| 1607 Capital Partners, LLC 0.02% of their portfolio | 11.7k $292.4k | Unchanged |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 11.3k $283.5k | New |
| Cresset Asset Management, LLC 0.00% of their portfolio | 11.3k $303.4k | New |
| GOULD ASSET MANAGEMENT LLC /CA/ 0.05% of their portfolio | 10.9k $271.1k | Unchanged |
| Maridea Wealth Management LLC 0.04% of their portfolio | 10.8k $268.7k | Added +195 |
| NORTH STAR ASSET MANAGEMENT INC 0.01% of their portfolio | 10.3k $257.0k | Reduced -52 |
| EVOLVE PRIVATE WEALTH, LLC 0.01% of their portfolio | 9.2k $247.3k | First filing |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 8.9k $223.3k | Reduced -4.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 8.9k $222.9k | Reduced -8.5k |
| SeaCrest Wealth Management, LLC 0.02% of their portfolio | 8.7k $217.7k | Added +900 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 8.6k $214.5k | New |
| Ancora Advisors LLC 0.00% of their portfolio | 6.9k $173.3k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 4.5k $112.2k | Reduced -600 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.1k $77.7k | Reduced -579 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.2k $54.7k | Reduced -100 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.1k $53.2k | Added +24 |
| Arax Advisory Partners 0.00% of their portfolio | 1.6k $41.0k | Added +1 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 1.4k $33.7k | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio | 391 $9.8k | Unchanged |
| GHP Investment Advisors, Inc. 0.00% of their portfolio | 300 $7.5k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 250 $6.2k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 196 $4.9k | Unchanged |
| TRUST CO OF VERMONT 0.00% of their portfolio | 179 $4.5k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 115 $2.9k | Unchanged |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 72 $1.8k | Unchanged |
| SOA Wealth Advisors, LLC. 0.00% of their portfolio | 42 $1.0k | Unchanged |