Who owns IIF
Which tracked institutional funds hold IIF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IIF company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-20). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
4 tracked funds added or opened IIF while 10 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
IIF’s largest tracked holder by dollar value, CITY OF LONDON INVESTMENT MANAGEMENT CO LTD, sizes it at 1.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IIF divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 39 tracked filers holding IIF, 16 increased or opened the position and 25 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in IIF between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- Equitable Holdings, Inc.$508K
Full exits 2
- Bulldog Investors, LLP$4M
- Pursuit Wealth Management LLC$717K
Largest adds
- Karpus Management, Inc.$4M
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$3M
- Altium Capital Management LLC$897K
Largest trims
- Saba Capital Management, L.P.$9M
- LAZARD ASSET MANAGEMENT LLC$7M
- PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO$3M
- MORGAN STANLEY$3M
- STIFEL FINANCIAL CORP$828K
- UBS Group AG$572K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD added | 949,628 | $20M | 20.2% | 2026-Q1 |
| Saba Capital Management, L.P. trimmed | 755,897 | $16M | 16.1% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 609,359 | $13M | 13.0% | 2026-Q1 |
| Karpus Management, Inc. added | 395,688 | $8M | 8.4% | 2026-Q1 |
| UBS Group AG added | 162,290 | $3M | 3.5% | 2026-Q1 |
| EVERGREEN CAPITAL MANAGEMENT LLC added | 134,180 | $3M | 2.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 97,735 | $2M | 2.1% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 90,022 | $2M | 1.9% | 2026-Q1 |
| Verition Fund Management LLC added | 88,888 | $2M | 1.9% | 2026-Q1 |
| Altium Capital Management LLC added | 79,031 | $2M | 1.7% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 74,631 | $2M | 1.6% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 73,672 | $2M | 1.6% | 2026-Q1 |
| STRS OHIO | 54,716 | $1M | 1.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 35,708 | $735K | 0.8% | 2026-Q1 |
| Equitable Holdings, Inc. new | 24,684 | $508K | 0.5% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 20,669 | $416K | 0.4% | 2026-Q1 |
| GP Brinson Investments LLC | 18,000 | $370K | 0.4% | 2026-Q1 |
| Calamos Advisors LLC added | 16,208 | $334K | 0.3% | 2026-Q1 |
| Samalin Investment Counsel, LLC added | 14,078 | $290K | 0.3% | 2026-Q1 |
| GOULD ASSET MANAGEMENT LLC /CA/ added | 13,624 | $280K | 0.3% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC added | 13,622 | $280K | 0.3% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 12,667 | $261K | 0.3% | 2026-Q1 |
| LPL Financial LLC added | 12,310 | $253K | 0.3% | 2026-Q1 |
| 1607 Capital Partners, LLC | 11,706 | $241K | 0.2% | 2026-Q1 |
| Maridea Wealth Management LLC added | 11,234 | $231K | 0.2% | 2026-Q1 |
| NORTH STAR ASSET MANAGEMENT INC | 10,287 | $212K | 0.2% | 2026-Q1 |
| Ancora Advisors LLC | 6,937 | $143K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 5,960 | $123K | 0.1% | 2026-Q1 |
| Allworth Financial LP | 4,490 | $92K | 0.1% | 2026-Q1 |
| Vanguard National Trust Co new | 3,167 | $65K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 2,897 | $60K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 1,925 | $40K | 0.0% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 350 | $7K | 0.0% | 2026-Q1 |
| BlackRock, Inc. | 250 | $5K | 0.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 150 | $3K | 0.0% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ | 115 | $2K | 0.0% | 2026-Q1 |
| GHP Investment Advisors, Inc. trimmed | 100 | $2K | 0.0% | 2026-Q1 |
| HOLLENCREST CAPITAL MANAGEMENT | 72 | $1K | 0.0% | 2026-Q1 |
| SOA Wealth Advisors, LLC. | 42 | $864 | 0.0% | 2026-Q1 |
| Penserra Capital Management LLC added | 135,312 | $4M | 4.0% | 2025-Q2 stale |
| Bulldog Investors, LLP trimmed | 144,096 | $4M | 3.7% | 2025-Q4 stale |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 113,375 | $3M | 2.9% | 2025-Q1 stale |
| Almitas Capital LLC added | 104,744 | $3M | 2.6% | 2025-Q1 stale |
| Matisse Capital | 37,950 | $926K | 1.0% | 2025-Q1 stale |
| Pursuit Wealth Management LLC new | 28,717 | $717K | 0.7% | 2025-Q4 stale |
| Walleye Capital LLC trimmed | 14,851 | $362K | 0.4% | 2025-Q1 stale |
| JANE STREET GROUP, LLC new | 11,852 | $312K | 0.3% | 2025-Q3 stale |
| Cresset Asset Management, LLC new | 11,251 | $303K | 0.3% | 2025-Q4 stale |
| CIBC WORLD MARKET INC. new | 11,350 | $284K | 0.3% | 2025-Q4 stale |
| EVOLVE PRIVATE WEALTH, LLC new | 9,171 | $247K | 0.3% | 2025-Q4 stale |
| CSS LLC/IL trimmed | 9,290 | $245K | 0.3% | 2025-Q3 stale |
| Quantedge Capital Pte Ltd trimmed | 9,254 | $244K | 0.3% | 2025-Q3 stale |
| MML INVESTORS SERVICES, LLC trimmed | 8,510 | $240K | 0.2% | 2025-Q2 stale |
| MILLENNIUM MANAGEMENT LLC added | 8,721 | $230K | 0.2% | 2025-Q3 stale |
| BANK OF MONTREAL /CAN/ trimmed | 9,310 | $227K | 0.2% | 2025-Q1 stale |
| BANK OF AMERICA CORP /DE/ trimmed | 8,940 | $223K | 0.2% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 8,923 | $223K | 0.2% | 2025-Q4 stale |
| SeaCrest Wealth Management, LLC added | 8,700 | $218K | 0.2% | 2025-Q4 stale |
| COMMONWEALTH EQUITY SERVICES, LLC added | 8,588 | $215K | 0.2% | 2025-Q4 stale |
| BARCLAYS PLC | 4,000 | $139K | 0.1% | 2025-Q3 stale |
| Rockefeller Capital Management L.P. trimmed | 2,035 | $54K | 0.1% | 2025-Q3 stale |
| RAYMOND JAMES FINANCIAL INC new | 1,640 | $46K | 0.0% | 2025-Q2 stale |
| Arax Advisory Partners added | 1,641 | $41K | 0.0% | 2025-Q4 stale |
| Elequin Capital, LP trimmed | 482 | $12K | 0.0% | 2025-Q1 stale |
| Thomas J. Herzfeld Advisors, Inc. | 391 | $10K | 0.0% | 2025-Q4 stale |
| Federation des caisses Desjardins du Quebec | 300 | $8K | 0.0% | 2025-Q2 stale |
| US BANCORP \DE\ trimmed | 225 | $5K | 0.0% | 2025-Q1 stale |
| TRUST CO OF VERMONT | 179 | $4K | 0.0% | 2025-Q4 stale |
| Hara Capital LLC | 50 | $1K | 0.0% | 2025-Q1 stale |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ new | 50 | $1K | 0.0% | 2025-Q1 stale |
| Tower Research Capital LLC (TRC) trimmed | 45 | $1K | 0.0% | 2025-Q3 stale |
| Leonteq Securities AG | 2 | $49 | 0.0% | 2025-Q1 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.