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abrdn Emerging Markets ex-China Fund, Inc.

AEF
Exchange
NYSE
SEC CIK
0000846676

In the last 90 days, abrdn Emerging Markets ex-China Fund, Inc. insiders filed 1 open-market purchase and 0 sales; 60 institutions reported holding it in 13F filings for Q2 2026, worth $188.8M in total; no superinvestor holds it.

13F holders, Q1 2025

Institutional positions in abrdn Emerging Markets ex-China Fund, Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
62
+6 vs. Q4 2024
Shares held
26.7M
−8.98M (−25.1%) vs. Q4 2024
Total value
$132.7M
−$52.7M (−28.4%) vs. Q4 2024
New holders
14
15 more added
Sold out
8
26 more reduced

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting AEF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 62 institutions
Q1 2021: 52 institutionsQ2 2021: 52 institutionsQ3 2021: 48 institutionsQ4 2021: 55 institutionsQ1 2022: 52 institutionsQ2 2022: 53 institutionsQ3 2022: 52 institutionsQ4 2022: 50 institutionsQ1 2023: 51 institutionsQ2 2023: 48 institutionsQ3 2023: 48 institutionsQ4 2023: 48 institutionsQ1 2024: 46 institutionsQ2 2024: 50 institutionsQ3 2024: 49 institutionsQ4 2024: 56 institutionsQ1 2025: 62 institutionsQ2 2025: 64 institutionsQ3 2025: 64 institutionsQ4 2025: 62 institutionsQ1 2026: 63 institutionsQ2 2026: 60 institutions
Value heldQ1 2025: $132.7M
Q1 2021: $278.0MQ2 2021: $298.9MQ3 2021: $275.2MQ4 2021: $255.9MQ1 2022: $215.6MQ2 2022: $175.5MQ3 2022: $144.6MQ4 2022: $163.6MQ1 2023: $171.3MQ2 2023: $166.4MQ3 2023: $156.4MQ4 2023: $174.8MQ1 2024: $172.6MQ2 2024: $184.1MQ3 2024: $204.0MQ4 2024: $185.4MQ1 2025: $132.7MQ2 2025: $152.6MQ3 2025: $157.7MQ4 2025: $163.9MQ1 2026: $155.8MQ2 2026: $188.8M
Institutions holding AEF and their total value by quarter
QuarterHoldersValue
Q2 202660$188.8M
Q1 202663$155.8M
Q4 202562$163.9M
Q3 202564$157.7M
Q2 202564$152.6M
Q1 202562$132.7M
Q4 202456$185.4M
Q3 202449$204.0M
Q2 202450$184.1M
Q1 202446$172.6M
Q4 202348$174.8M
Q3 202348$156.4M
Q2 202348$166.4M
Q1 202351$171.3M
Q4 202250$163.6M
Q3 202252$144.6M
Q2 202253$175.5M
Q1 202252$215.6M
Q4 202155$255.9M
Q3 202148$275.2M
Q2 202152$298.9M
Q1 202152$278.0M

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding abrdn Emerging Markets ex-China Fund, Inc.; share changes are against Q4 2024.

Institutions holding AEF in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
City of London Investment Management Co Ltd12,735,804$63.2M6.76%−7,205,562−36.1%Reduced
Allspring Global Investments Holdings, LLC3,587,102$17.8M0.03%−1,468,529−29.0%Reduced
1607 Capital Partners, LLC1,936,636$9.61M0.77%−1,358,859−41.2%Reduced
Lazard Asset Management LLC1,517,775$7.53M0.01%−719,491−32.2%Reduced
Rivernorth Capital Management, LLC691,164$3.43M0.18%+136,282+24.6%Added
Morgan Stanley688,349$3.41M0.00%+349,296+103.0%Added
Karpus Management, Inc.521,791$2.59M0.08%−44,153−7.8%Reduced
Absolute Investment Advisers LLC490,272$2.43M0.36%+490,272New
Public Employees Retirement System of Ohio459,022$2.28M0.01%+459,022New
Wolverine Asset Management LLC428,231$2.12M0.04%+255,349+147.7%Added
CF Capital LLC319,922$1.64M1.67%+281,422+731.0%Added
Uncommon Cents Investing LLC318,381$1.58M0.46%+31,070+10.8%Added
Envestnet Asset Management Inc293,763$1.46M0.00%+293,763New
Vanguard Capital Wealth Advisors291,178$1.44M1.77%+291,178New
Park Avenue Securities LLC272,271$1.35M0.02%+272,271New
Quarry LP189,990$942.4K0.24%+189,990New
Private Advisor Group, LLC142,044$704.5K0.00%+31,788+28.8%Added
CSS LLC142,005$704.3K0.05%+8,655+6.5%Added
Yakira Capital Management, Inc.133,913$664.2K0.27%+133,913New
Wells Fargo & Company124,237$616.2K0.00%−99,828−44.6%Reduced
Matisse Capital116,975$580.2K0.31%+11,489+10.9%Added
Marex Group plc114,903$569.9K0.01%−115,990−50.2%Reduced
Alexander Randolph Advisory, Inc.100,109$496.5K0.49%−43,294−30.2%Reduced
KDT Advisors, LLC100,000$496.0K0.73%00.0%Unchanged
Bank of America Corp84,163$417.4K0.00%−80−0.1%Reduced
National Bank of Canada69,048$342.4K0.00%+54,025+359.6%Added
Commonwealth Equity Services, LLC68,912$342.0K0.00%−3,098−4.3%Reduced
Logan Stone Capital, LLC68,534$339.9K0.16%00.0%Unchanged
Shaker Financial Services, LLC68,502$339.8K0.13%−1,277−1.8%Reduced
Readystate Asset Management LP67,362$334.1K0.02%+67,362New
Raymond James Financial Inc64,008$317.5K0.00%−770,137−92.3%Reduced
Quantedge Capital Pte Ltd56,900$282.2K0.09%−6,100−9.7%Reduced
Saba Capital Management, L.P.56,133$278.4K0.01%−21,421−27.6%Reduced
Rockefeller Capital Management L.P.50,536$250.7K0.00%−264−0.5%Reduced
Blue Bell Private Wealth Management, LLC44,535$220.9K0.04%−12,197−21.5%Reduced
Uhlmann Price Securities, LLC38,036$188.7K0.14%−10,537−21.7%Reduced
Integrated Capital Management, Inc.37,494$186.0K0.15%+37,494New
HighTower Advisors, LLC29,115$144.4K0.00%−9,280−24.2%Reduced
Provida Pension Fund Administrator19,202$110.2K0.00%−7,329−27.6%Reduced
Clearstead Advisors, LLC20,000$99.2K0.00%00.0%Unchanged
Blair William & Co17,166$85.1K0.00%−426−2.4%Reduced
UBS Group AG15,510$76.9K0.00%+6,141+65.5%Added
MML Investors Services, LLC14,974$74.0K0.00%+14,974New
Wesbanco Bank Inc14,800$73.4K0.00%00.0%Unchanged
Peapack Gladstone Financial Corp14,520$72.0K0.00%−4,958−25.5%Reduced
Paragon Capital Management Ltd14,460$71.7K0.01%+14,460New
Advisor Group Holdings, Inc.13,472$66.8K0.00%+8,396+165.4%Added
Royal Bank of Canada12,541$62.0K0.00%−474−3.6%Reduced
Susquehanna International Group, LLP12,479$61.9K0.00%+12,479New
The PNC Financial Services Group, Inc.12,026$59.6K0.00%+2,641+28.1%Added
Wealth Enhancement Advisory Services, LLC11,385$56.5K0.00%+296+2.7%Added
Kovitz Investment Group Partners, LLC11,100$55.1K0.00%−192,663−94.6%Reduced
US Bancorp3,395$16.8K0.00%00.0%Unchanged
Tortoise Investment Management, LLC2,895$14.4K0.00%−1,105−27.6%Reduced
CWM, LLC1,486$7.00K0.00%00.0%Unchanged
Thomas J. Herzfeld Advisors, Inc.1,267$6.28K0.00%−278−18.0%Reduced
Bartlett & Co. Wealth Management LLC845$4.19K0.00%+845New
Larson Financial Group LLC535$2.65K0.00%+26+5.1%Added
Ancora Advisors, LLC459$2.28K0.00%−175−27.6%Reduced
Blume Capital Management, Inc.253$1.25K0.00%+253New
Glen Eagle Advisors, LLC10$480.00%+1+11.1%Added
Gables Capital Management Inc.6$300.00%00.0%Unchanged
Sanctuary Advisors, LLC0$00.00%−118,609−100.0%Sold out
CNH Partners LLC0$00.00%−91,507−100.0%Sold out
Bulldog Investors, LLP0$00.00%−74,230−100.0%Sold out
Almitas Capital LLC0$00.00%−26,327−100.0%Sold out
Guggenheim Capital LLC0$00.00%−10,917−100.0%Sold out
Daymark Wealth Partners, LLC0$00.00%−10,000−100.0%Sold out
Bessemer Group Inc0$00.00%−1,072−100.0%Sold out
FMR LLC0$00.00%−1−100.0%Sold out