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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, Q3 2025

Institutional positions in abrdn Emerging Markets ex-China Fund, Inc. as of Sep 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
0 vs. Q2 2025
Shares held
24.3M
−1.36M (−5.3%) vs. Q2 2025
Total value
$157.7M
+$5.02M (+3.3%) vs. Q2 2025
New holders
8
20 more added
Sold out
8
24 more reduced

Compare with Q2 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 holdersQ3 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 heldQ3 2025: $157.7M
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, Q3 2025

Shares, value and share of portfolio for each institution holding abrdn Emerging Markets ex-China Fund, Inc.; share changes are against Q2 2025.

Institutions holding AEF in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
City of London Investment Management Co Ltd11,991,972$77.7M5.74%−183,832−1.5%Reduced
Allspring Global Investments Holdings, LLC3,120,447$20.2M0.03%−135,800−4.2%Reduced
1607 Capital Partners, LLC1,628,388$10.6M0.80%−124,304−7.1%Reduced
Lazard Asset Management LLC1,450,385$9.40M0.01%−28,762−1.9%Reduced
Morgan Stanley1,190,439$7.71M0.00%+289,966+32.2%Added
Penserra Capital Management LLC668,958$4.33M0.05%+668,958New
Vanguard Capital Wealth Advisors646,985$4.19M3.35%−346,769−34.9%Reduced
Rivernorth Capital Management, LLC523,744$3.39M0.19%−167,420−24.2%Reduced
Public Employees Retirement System of Ohio404,938$2.62M0.01%−28,762−6.6%Reduced
Uncommon Cents Investing LLC323,726$2.10M0.52%+300+0.1%Added
Envestnet Asset Management Inc229,768$1.49M0.00%−15,678−6.4%Reduced
Park Avenue Securities LLC206,730$1.34M0.01%−16,872−7.5%Reduced
Absolute Investment Advisers LLC175,241$1.14M0.14%−416,330−70.4%Reduced
Private Advisor Group, LLC172,544$1.12M0.01%+11,500+7.1%Added
Karpus Management, Inc.161,906$1.05M0.03%−359,655−69.0%Reduced
National Bank of Canada140,524$910.5K0.00%+30,543+27.8%Added
CF Capital LLC138,038$894.5K0.55%−147,014−51.6%Reduced
Bank of America Corp119,079$771.6K0.00%+33,092+38.5%Added
TrueMark Investments, LLC94,662$613.4K0.11%+94,662New
Shaker Financial Services, LLC94,331$611.3K0.21%+13,829+17.2%Added
Alexander Randolph Advisory, Inc.90,102$583.9K0.48%−10,007−10.0%Reduced
Guggenheim Capital LLC83,725$542.5K0.00%+73,315+704.3%Added
Quarry LP82,097$532.0K0.13%−195,055−70.4%Reduced
Commonwealth Equity Services, LLC62,989$408.0K0.00%−6,040−8.7%Reduced
Rockefeller Capital Management L.P.48,604$315.0K0.00%+112+0.2%Added
Blue Bell Private Wealth Management, LLC48,234$312.6K0.05%00.0%Unchanged
Uhlmann Price Securities, LLC39,140$253.6K0.16%+137+0.4%Added
LPL Financial LLC34,771$225.3K0.00%+16,756+93.0%Added
Integrated Capital Management, Inc.33,895$219.6K0.15%−1,977−5.5%Reduced
CSS LLC31,688$205.3K0.01%−44,975−58.7%Reduced
Matisse Capital23,050$149.4K0.07%−93,925−80.3%Reduced
Clearstead Advisors, LLC20,000$129.6K0.00%00.0%Unchanged
Provida Pension Fund Administrator19,202$124.5K0.00%00.0%Unchanged
MML Investors Services, LLC17,548$113.7K0.00%+1,940+12.4%Added
Quantedge Capital Pte Ltd17,000$110.2K0.06%−43,700−72.0%Reduced
Blair William & Co16,533$107.1K0.00%−10−0.1%Reduced
UBS Group AG15,925$103.2K0.00%−24,431−60.5%Reduced
Paragon Capital Management Ltd15,215$98.6K0.02%+389+2.6%Added
Jane Street Group, LLC14,894$96.5K0.00%+14,894New
Wesbanco Bank Inc14,800$95.9K0.00%00.0%Unchanged
Raymond James Financial Inc14,577$94.5K0.00%+235+1.6%Added
Peapack Gladstone Financial Corp14,520$94.0K0.00%00.0%Unchanged
Wealth Enhancement Advisory Services, LLC11,754$76.5K0.00%+211+1.8%Added
Creative Planning11,733$76.0K0.00%00.0%Unchanged
Kovitz Investment Group Partners, LLC11,395$73.8K0.00%+153+1.4%Added
Royal Bank of Canada10,415$67.0K0.00%+790+8.2%Added
Cetera Investment Advisers10,114$65.5K0.00%+10,114New
Advisor Group Holdings, Inc.10,009$64.7K0.00%+53+0.5%Added
Wells Fargo & Company4,186$27.1K0.00%−1,541−26.9%Reduced
US Bancorp3,395$22.0K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.2,971$19.3K0.00%−2,530−46.0%Reduced
Tortoise Investment Management, LLC2,895$18.8K0.00%00.0%Unchanged
Kilter Group LLC2,156$14.0K0.01%+2,156New
Thomas J. Herzfeld Advisors, Inc.1,994$12.9K0.00%+697+53.7%Added
CWM, LLC1,486$10.0K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.1,070$6.93K0.00%+361+50.9%Added
Larson Financial Group LLC563$3.65K0.00%+15+2.7%Added
Ancora Advisors, LLC459$2.97K0.00%00.0%Unchanged
Highline Wealth Partners LLC450$2.92K0.00%+450New
WPG Advisers, LLC278$1.80K0.00%+278New
IFP Advisors, Inc182$1.18K0.00%+182New
Glen Eagle Advisors, LLC10$660.00%00.0%Unchanged
Gables Capital Management Inc.6$390.00%00.0%Unchanged
CIBC Private Wealth Group, LLC0$30.00%−890−100.0%Reduced
Readystate Asset Management LP0$00.00%−51,988−100.0%Sold out
Saba Capital Management, L.P.0$00.00%−46,174−100.0%Sold out
Almitas Capital LLC0$00.00%−41,409−100.0%Sold out
Yakira Capital Management, Inc.0$00.00%−38,862−100.0%Sold out
HighTower Advisors, LLC0$00.00%−22,874−100.0%Sold out
Citadel Advisors LLC0$00.00%−17,796−100.0%Sold out
Wolverine Asset Management LLC0$00.00%−14,359−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−409−100.0%Sold out