1y return+53.0%S&P 500 +20.9%
3y return+82.7%S&P 500 +68.5%
5y return+19.9%S&P 500 +74.5%
10y return+64.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $165 against $357 in the S&P 500.2
City Of London Investment Management Co LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TWNTaiwan Fund | $204.5M | 12.3% | −5.1% |
| EWYIshares Msci Korea | $171.7M | 10.3% | −11.1% |
| KFKorea Fund | $123.1M | 7.4% | +2.3% |
| EWTIshares Msci Taiwan | $109.0M | 6.6% | −12.6% |
| AEFAbrdn Emerging Markets Ex China | $100.7M | 6.1% | −7.4% |
| XCAFXMs China A Share | $96.8M | 5.8% | −24.7% |
| TDFTempleton Dragon Fund | $96.8M | 5.8% | |
| NVDANvidia Corp | $88.6M | 5.3% | +23.8% |
| EMFTempleton Emerging Markets Fd | $84.1M | 5.1% | +2.3% |
| AAPLApple Inc | $70.3M | 4.2% | +13.8% |
| MXFMexico Fund | $70.2M | 4.2% | |
| KYNKayne Anderson Energy Infras Fund Inc | $49.6M | 3.0% | +32.4% |
| JOFJapan Smaller Capitalization Fund, Inc | $45.9M | 2.8% | +4.7% |
| NMLNeuberger Berman Energy Infras & Income | $28.2M | 1.7% | −2.9% |
| IIFMs India Investment | $23.8M | 1.4% | +9.7% |
| GOOGLAlphabet Inc | $21.1M | 1.3% | −53.4% |
| NBXGNeuberger Berman Next Gen | $19.7M | 1.2% | +14.7% |
| MUBIshares National Muni Bond Etf | $18.5M | 1.1% | +25.1% |
| MXEMexico Equity & Income Fund Inc | $16.1M | 1.0% | |
| MSFTMicrosoft Corp | $14.9M | 0.9% | −1.0% |
| SUBIshares Short Term National Muni Bond | $14.4M | 0.9% | +3.6% |
| BTTBlackrock Municipal Target Term Trust | $11.3M | 0.7% | −7.9% |
| IFNAberdeen India Fund Inc | $9.6M | 0.6% | +41.1% |
| EMXCIshares Msci Emerging Mkts Ex China Etf | $8.7M | 0.5% | −23.2% |
| MCHIIshares Msci China Etf | $8.6M | 0.5% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TWNTaiwan Fund | June 30, 2020 | +353.4% | $204.5M |
| NMLNeuberger Berman Energy Infras & Income | June 30, 2020 | +244.9% | $28.2M |
| EWYIshares Msci Korea | December 31, 2023 | +208.1% | $171.7M |
| KKRKkr & Co Inc | June 30, 2020 | +197.2% | $6.8M |
| KFKorea Fund | June 30, 2020 | +190.9% | $123.1M |
| EWTIshares Msci Taiwan | June 30, 2020 | +170.0% | $109.0M |
| GOOGLAlphabet Inc | March 31, 2022 | +157.0% | $21.1M |
| MXFMexico Fund | June 30, 2020 | +123.0% | $70.2M |
| EMFTempleton Emerging Markets Fd | June 30, 2020 | +69.8% | $84.1M |
| AAPLApple Inc | March 31, 2022 | +65.7% | $70.3M |
Sold off last quarter
- EZUIshares Inc was $2.6M
- XCMUXMfs High Yield Mun Tr was $2.4M
- JGHNuveen Global High Income Fd was $2.3M
- ARGTGlobal X Fds was $1.8M
- Mfs High Income Mun TrCUSIP 59318D104 was $1.8M
- URTHIshares Inc was $729K
- DFJWisdomtree Tr was $725K
- ESGDIshares Tr was $602K
- MELIMercadolibre Inc was $572K
- DPGDuff & Phelps Utlity And Inf was $518K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +25.7% | +14.8% |
| March 31, 2026 | +4.0% | −4.6% |
| December 31, 2025 | +2.9% | +2.4% |
| September 30, 2025 | +13.7% | +7.8% |
| June 30, 2025 | +13.5% | +10.5% |
| March 31, 2025 | −1.2% | −4.6% |
| December 31, 2024 | −5.8% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +2.7% | +4.0% |
| March 31, 2024 | +3.0% | +10.0% |
| December 31, 2023 | +6.1% | +11.2% |
| September 30, 2023 | −4.7% | −3.6% |
| June 30, 2023 | +1.0% | +8.3% |
| March 31, 2023 | +5.9% | +7.0% |
| December 31, 2022 | +4.7% | +7.1% |
| September 30, 2022 | −12.5% | −5.3% |
| June 30, 2022 | −12.2% | −16.5% |
| March 31, 2022 | −12.1% | −4.9% |
| December 31, 2021 | −4.2% | +10.7% |
| September 30, 2021 | −9.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: City Of London Investment Management Co Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1034546&type=13F-HR&dateb=&owner=include&count=40CIK 1034546
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1034546/000107261326000621/Filed July 31, 2026 · accession 0001072613-26-000621