Vault-13

TAIWAN FD INC TWN

COM · Closed-End Fund · CUSIP 874036106

38 institutional holders +5 vs Q1 2026
4,514,6044.5m shares reported held*
$434.2mreported value*
7 new 8 added 10 reduced 2 sold out net sold ≈ $11.5m (-119.4k 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 ≈ $96.17.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 27Q4 22: 28Q1 23: 29Q2 23: 28Q3 23: 32Q4 23: 30Q1 24: 30Q2 24: 34Q3 24: 34Q4 24: 35Q1 25: 30Q2 25: 32Q3 25: 29Q4 25: 32Q1 26: 33Q2 26: 3838Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202227
Q4 202228
Q1 202329
Q2 202328
Q3 202332
Q4 202330
Q1 202430
Q2 202434
Q3 202434
Q4 202435
Q1 202530
Q2 202532
Q3 202529
Q4 202532
Q1 202633
Q2 202638

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 9 bought or addedQ3 24: 15 cut or sold outQ4 24: 12 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 16 cut or sold outQ2 25: 9 bought or addedQ2 25: 13 cut or sold outQ2 25Q3 25: 6 bought or addedQ3 25: 16 cut or sold outQ4 25: 6 bought or addedQ4 25: 10 cut or sold outQ4 25Q1 26: 8 bought or addedQ1 26: 12 cut or sold outQ2 26: 15 bought or addedQ2 26: 12 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024915
Q4 20241214
Q1 20251016
Q2 2025913
Q3 2025616
Q4 2025610
Q1 2026812
Q2 20261512

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC New +42,668+42.7k
Atlas Wealth LLC New +33,993+34.0k
MORGAN STANLEY Added +12,268+12.3k
JANE STREET GROUP, LLC New +10,302+10.3k
XTX Topco Ltd Added +10,143+10.1k
Thomas J. Herzfeld Advisors, Inc. Added +6,021+6.0k
CIBC Bancorp USA Inc. New +2,866+2.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +2,789+2.8k
FIRST TRUST ADVISORS LP New +2,766+2.8k
HRT FINANCIAL LP New +2,682+2.7k

Biggest sellers

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -113,807-113.8k
Karpus Management, Inc. Sold out -75,028-75.0k
Matisse Capital Reduced -14,563-14.6k
Almitas Capital LLC Reduced -14,406-14.4k
Allspring Global Investments Holdings, LLC Reduced -11,989-12.0k
CSS LLC/IL Reduced -6,152-6.2k
Quantedge Capital Pte Ltd Reduced -3,700-3.7k
1607 Capital Partners, LLC Reduced -3,500-3.5k
Hudson Portfolio Management LLC Reduced -1,826-1.8k
PNC Financial Services Group, Inc. Sold out -1,680-1.7k

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.

HolderStakeChangeShares Last filed
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 13G · institution -1.4 pts · filed 2026-07-24 38.2% -1.4 pts 2.1m≈ $204.5m 2026-07-24
LAZARD ASSET MANAGEMENT LLC 13G · institution -1.7 pts · filed 2026-05-15 16.3% -1.7 pts 923.8k≈ $88.8m 2026-05-15
Allspring Global Investments Holdings, LLC 13G · institution -1.7 pts · filed 2026-01-08 8.6% -1.7 pts 511.4k≈ $49.2m 2026-01-08

Insider purchases and sales since 1 Apr 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
101Q4 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 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 1 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 1 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20261$3.3m0——
Q2 20260—1$11.9k—
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-05-19 Rigger Shelley E Director · Taiwan Fund, Inc. Sold 134 $88.82 $11.9k134 shares -45%

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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 12.31% of their portfolio London, X0 2,126,2522.1m $204.5m $204.5m 12.31% Reduced -113.8k -113,807
2 LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 924,753924.8k $88.9m $88.9m 0.13% Added +946 +946
3 Allspring Global Investments Holdings, LLC 0.07% of their portfolio CHARLOTTE, NC 481,783481.8k $46.3m $46.3m 0.07% Reduced -12.0k -11,989
4 Saba Capital Management, L.P. 0.67% of their portfolio NEW YORK, NY 226,694226.7k $21.8m $21.8m 0.67% Unchanged
5 1607 Capital Partners, LLC 0.93% of their portfolio Richmond, VA 110,989111.0k $10.7m $10.7m 0.93% Reduced -3.5k -3,500
6 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio COLUMBUS, OH 108,047108.0k $10.4m $10.4m 0.03% Unchanged
7 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 70,00070.0k $6.7m $6.7m 0.03% Unchanged
8 Matisse Capital 2.67% of their portfolio PORTLAND, OR 69,43769.4k $6.7m $6.7m 2.67% Reduced -14.6k -14,563
9 Rock Creek Group LLC 0.64% of their portfolio Washington, DC 66,21066.2k $6.4m $6.4m 0.64% Unchanged
10 Thomas J. Herzfeld Advisors, Inc. 1.40% of their portfolio MIAMI BEACH, FL 47,52047.5k $4.6m $4.6m 1.40% Added +6.0k +6,021
11 Shaker Financial Services, LLC 1.34% of their portfolio Arlington, VA 44,60344.6k $4.3m $4.3m 1.34% Reduced -378 -378
12 WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio CHICAGO, IL 42,66842.7k $4.1m $4.1m 0.05% New
13 Atlas Wealth LLC 0.47% of their portfolio CINCINNATI, OH 33,99334.0k $3.3m $3.3m 0.47% New
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 32,40332.4k $3.1m $3.1m 0.00% Added +12.3k +12,268
15 Banque Cantonale Vaudoise 0.09% of their portfolio LAUSANNE, V8 25,00025.0k $2.4m $2.4m 0.09% Unchanged
16 CSS LLC/IL 0.07% of their portfolio CHICAGO, IL 16,16416.2k $1.6m $1.6m 0.07% Reduced -6.2k -6,152
17 EVOLVE PRIVATE WEALTH, LLC 0.09% of their portfolio LOS ANGELES, CA 15,94215.9k $1.5m $1.5m 0.09% Reduced -1.1k -1,077
18 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 13,80013.8k $1.3m $1.3m 0.02% Added +10.1k +10,143
19 Quantedge Capital Pte Ltd 0.78% of their portfolio Singapore, U0 10,73610.7k $1.0m $1.0m 0.78% Reduced -3.7k -3,700
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 10,30210.3k $990.7k $990.7k 0.00% New
21 Hudson Portfolio Management LLC 0.47% of their portfolio Garrison, NY 6,4946.5k $624.5k $624.5k 0.47% Reduced -1.8k -1,826
22 Logan Stone Capital, LLC 0.10% of their portfolio CHICAGO, IL 4,8484.8k $466.2k $466.2k 0.10% Unchanged
23 Almitas Capital LLC 0.10% of their portfolio SANTA MONICA, CA 4,1644.2k $400.5k $400.5k 0.10% Reduced -14.4k -14,406
24 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.05% of their portfolio BLUE BELL, PA 3,8703.9k $372.2k $372.2k 0.05% Added +910 +910
25 RAHLFS CAPITAL, LLC 0.25% of their portfolio LAKE KIOWA, TX 3,5003.5k $336.6k $336.6k 0.25% Unchanged
26 CIBC Bancorp USA Inc. 0.00% of their portfolio CHICAGO, IL 2,8662.9k $275.6k $275.6k 0.00% New
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,7892.8k $268.2k $268.2k 0.00% New
28 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 2,7662.8k $266.0k $266.0k 0.00% New
29 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 2,6822.7k $257.0k $257.0k 0.00% New
30 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,3931.4k $134.2k $134.2k 0.00% Added +274 +274
31 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,1921.2k $114.6k $114.6k 0.00% Unchanged
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 409409 $39.3k $39.3k 0.00% Added +90 +90
33 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 200200 $19.2k $19.2k 0.00% Unchanged
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6666 $6.0k $6.0k 0.00% Added +6 +6
35 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 6464 $5.9k $5.9k 0.00% Unchanged
36 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 44 $385 $385 0.00% Unchanged
37 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 11 $96 $96 0.00% Unchanged
38 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $10 $10 0.00% Unchanged