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IIF

Morgan Stanley India Investment Fund
IIF

48 hedge funds and large institutions have $105M invested in Morgan Stanley India Investment Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

4% more funds holding

Funds holding: 46 → 48 (+2)

1.67% more ownership

Funds ownership: 39.89% → 41.56% (+1.7%)

3% less capital invested

Capital invested by funds: $108M → $105M (-$2.96M)

Holders
48
Holders Change
+2
Holders Change %
+4.35%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
16
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
+$10.3M
2
Lazard Asset Management
Lazard Asset Management
New York
+$2.34M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$473K
4
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
+$423K
5
Jane Street
Jane Street
New York
+$323K

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$3.82M
2
Wells Fargo
Wells Fargo
California
-$2.29M
3
BI
Bulldog Investors
New Jersey
-$1.86M
4
KIM
Karpus Investment Management
New York
-$1.3M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$953K
Name Holding Trade Value Shares
Change 		Change in
Stake
NSAM
26
North Star Asset Management
Wisconsin
$272K -$13.6K -500 -5%
CL
27
CSS LLC
Illinois
$245K -$60.1K -2,207 -19%
QC
28
Quantedge Capital
Singapore
$244K -$329K -12,100 -57%
Millennium Management
29
Millennium Management
New York
$230K +$237K +8,721 New
SWM
30
SeaCrest Wealth Management
New York
$208K +$212K +7,800 New
AA
31
Ancora Advisors
Ohio
$183K – – –
AF
32
Allworth Financial
California
$134K +$5.17K +190 +4%
Barclays
33
Barclays
United Kingdom
$105K – – –
Osaic Holdings
34
Osaic Holdings
Arizona
$97.1K +$45.1K +1,657 +82%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$60.3K -$34K -1,250 -35%
Wells Fargo
36
Wells Fargo
California
$55.5K -$2.29M -84,122 -98%
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$53.6K +$55.4K +2,035 New
AAP
38
Arax Advisory Partners
Colorado
$43.2K +$44.7K +1,640 New
SPIA
39
Steward Partners Investment Advisory
New York
$35.6K – – –
TJHA
40
Thomas J. Herzfeld Advisors
Florida
$10.3K -$8.58K -315 -45%
GIA
41
GHP Investment Advisors
Colorado
$7.91K – – –
BlackRock
42
BlackRock
New York
$6.59K – – –
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$5.17K -$1.33K -49 -20%
TCOV
44
Trust Company of Vermont
Vermont
$4.72K – – –
National Bank of Canada
45
National Bank of Canada
Quebec, Canada
$3.03K – – –
HCM
46
Hollencrest Capital Management
California
$1.9K – – –
TRCT
47
Tower Research Capital (TRC)
New York
$1.19K +$1.23K +45 New
SWA
48
SOA Wealth Advisors
New York
$1.11K – – –
PCM
49
Penserra Capital Management
California
– -$3.82M -135,312 Closed
MML Investors Services
50
MML Investors Services
Massachusetts
– -$240K -8,510 Closed
1
2
3

IIF Hedge Fund Activity: Q3 2025 in Review

48 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Morgan Stanley India Investment Fund (IIF) for Q3 2025, worth a combined $105M — down 2.7% from $108M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new IIF positions and 5 closed out — a net gain of 2 holders — while 16 added to existing stakes and 13 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $10.3M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $3.82M sold.

  • 48 institutional investors held Morgan Stanley India Investment Fund (IIF) as of Q3 2025, up from 46 in Q2 2025.
  • Funds reported $105M of Morgan Stanley India Investment Fund stock for Q3 2025, down 2.7% quarter-over-quarter.
  • 7 funds opened new Morgan Stanley India Investment Fund positions in Q3 2025 and 5 closed out, a net change of +2 holders.
  • The largest Morgan Stanley India Investment Fund buyer in Q3 2025 was City of London Investment Management, an estimated $10.3M added.
  • The largest Morgan Stanley India Investment Fund seller in Q3 2025 was Penserra Capital Management, an estimated $3.82M sold.

Based on aggregated 13F filings for Q3 2025.