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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, Q2 2025

Institutional positions in abrdn Emerging Markets ex-China Fund, Inc. as of Jun 30, 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
64
+2 vs. Q1 2025
Shares held
25.7M
−1.04M (−3.9%) vs. Q1 2025
Total value
$152.6M
+$20.0M (+15.0%) vs. Q1 2025
New holders
8
20 more added
Sold out
6
23 more reduced

Compare with Q1 2025: 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 holdersQ2 2025: 64 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 heldQ2 2025: $152.6M
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, Q2 2025

Shares, value and share of portfolio for each institution holding abrdn Emerging Markets ex-China Fund, Inc.; share changes are against Q1 2025.

Institutions holding AEF in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
City of London Investment Management Co Ltd12,175,804$72.3M6.72%−560,000−4.4%Reduced
Allspring Global Investments Holdings, LLC3,256,247$19.3M0.03%−330,855−9.2%Reduced
1607 Capital Partners, LLC1,752,692$10.4M0.84%−183,944−9.5%Reduced
Lazard Asset Management LLC1,479,147$8.79M0.01%−38,628−2.5%Reduced
Vanguard Capital Wealth Advisors993,754$5.90M5.85%+702,576+241.3%Added
Morgan Stanley900,473$5.35M0.00%+212,124+30.8%Added
Rivernorth Capital Management, LLC691,164$4.11M0.23%00.0%Unchanged
Absolute Investment Advisers LLC591,571$3.51M0.43%+101,299+20.7%Added
Karpus Management, Inc.521,561$3.10M0.10%−2300.0%Reduced
Public Employees Retirement System of Ohio433,700$2.58M0.01%−25,322−5.5%Reduced
Uncommon Cents Investing LLC323,426$1.92M0.51%+5,045+1.6%Added
CF Capital LLC285,052$1.69M2.16%−34,870−10.9%Reduced
Quarry LP277,152$1.65M0.38%+87,162+45.9%Added
Envestnet Asset Management Inc245,446$1.46M0.00%−48,317−16.4%Reduced
Park Avenue Securities LLC223,602$1.33M0.01%−48,669−17.9%Reduced
Private Advisor Group, LLC161,044$956.6K0.01%+19,000+13.4%Added
Matisse Capital116,975$694.8K0.33%00.0%Unchanged
National Bank of Canada109,981$653.3K0.00%+40,933+59.3%Added
Alexander Randolph Advisory, Inc.100,109$594.6K0.53%00.0%Unchanged
Bank of America Corp85,987$510.8K0.00%+1,824+2.2%Added
Shaker Financial Services, LLC80,502$478.2K0.17%+12,000+17.5%Added
CSS LLC76,663$455.4K0.03%−65,342−46.0%Reduced
Commonwealth Equity Services, LLC69,029$410.0K0.00%+117+0.2%Added
Quantedge Capital Pte Ltd60,700$360.6K0.33%+3,800+6.7%Added
Readystate Asset Management LP51,988$308.8K0.01%−15,374−22.8%Reduced
Rockefeller Capital Management L.P.48,492$288.0K0.00%−2,044−4.0%Reduced
Blue Bell Private Wealth Management, LLC48,234$286.5K0.05%+3,699+8.3%Added
Saba Capital Management, L.P.46,174$274.3K0.01%−9,959−17.7%Reduced
Almitas Capital LLC41,409$246.0K0.06%+41,409New
UBS Group AG40,356$239.7K0.00%+24,846+160.2%Added
Uhlmann Price Securities, LLC39,003$231.7K0.17%+967+2.5%Added
Yakira Capital Management, Inc.38,862$230.8K0.09%−95,051−71.0%Reduced
Integrated Capital Management, Inc.35,872$213.1K0.16%−1,622−4.3%Reduced
HighTower Advisors, LLC22,874$135.9K0.00%−6,241−21.4%Reduced
Provida Pension Fund Administrator19,202$127.1K0.00%00.0%Unchanged
Clearstead Advisors, LLC20,000$118.8K0.00%00.0%Unchanged
LPL Financial LLC18,015$107.0K0.00%+18,015New
Citadel Advisors LLC17,796$105.7K0.00%+17,796New
Blair William & Co16,543$98.3K0.00%−623−3.6%Reduced
MML Investors Services, LLC15,608$93.0K0.00%+634+4.2%Added
Paragon Capital Management Ltd14,826$88.1K0.02%+366+2.5%Added
Wesbanco Bank Inc14,800$87.9K0.00%00.0%Unchanged
Peapack Gladstone Financial Corp14,520$86.0K0.00%00.0%Unchanged
Wolverine Asset Management LLC14,359$85.3K0.00%−413,872−96.6%Reduced
Raymond James Financial Inc14,342$85.2K0.00%−49,666−77.6%Reduced
Creative Planning11,733$69.7K0.00%+11,733New
Wealth Enhancement Advisory Services, LLC11,543$69.4K0.00%+158+1.4%Added
Kovitz Investment Group Partners, LLC11,242$66.8K0.00%+142+1.3%Added
Guggenheim Capital LLC10,410$61.8K0.00%+10,410New
Advisor Group Holdings, Inc.9,956$59.2K0.00%−3,516−26.1%Reduced
Royal Bank of Canada9,625$57.0K0.00%−2,916−23.3%Reduced
Wells Fargo & Company5,727$34.0K0.00%−118,510−95.4%Reduced
The PNC Financial Services Group, Inc.5,501$32.7K0.00%−6,525−54.3%Reduced
US Bancorp3,395$20.2K0.00%00.0%Unchanged
Tortoise Investment Management, LLC2,895$17.2K0.00%00.0%Unchanged
CWM, LLC1,486$9.00K0.00%00.0%Unchanged
Thomas J. Herzfeld Advisors, Inc.1,297$7.70K0.00%+30+2.4%Added
CIBC Private Wealth Group, LLC890$5.29K0.00%+890New
SRS Capital Advisors, Inc.709$4.21K0.00%+709New
Larson Financial Group LLC548$3.26K0.00%+13+2.4%Added
Ancora Advisors, LLC459$2.73K0.00%00.0%Unchanged
Ameritas Advisory Services, LLC409$2.43K0.00%+409New
Glen Eagle Advisors, LLC10$590.00%00.0%Unchanged
Gables Capital Management Inc.6$360.00%00.0%Unchanged
Marex Group plc0$00.00%−114,903−100.0%Sold out
KDT Advisors, LLC0$00.00%−100,000−100.0%Sold out
Logan Stone Capital, LLC0$00.00%−68,534−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−12,479−100.0%Sold out
Bartlett & Co. Wealth Management LLC0$00.00%−845−100.0%Sold out
Blume Capital Management, Inc.0$00.00%−253−100.0%Sold out