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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, Q4 2025

Institutional positions in abrdn Emerging Markets ex-China Fund, Inc. as of Dec 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
−2 vs. Q3 2025
Shares held
23.4M
−921.7K (−3.8%) vs. Q3 2025
Total value
$163.9M
+$6.24M (+4.0%) vs. Q3 2025
New holders
9
15 more added
Sold out
11
22 more reduced

Compare with Q3 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 holdersQ4 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 heldQ4 2025: $163.9M
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, Q4 2025

Shares, value and share of portfolio for each institution holding abrdn Emerging Markets ex-China Fund, Inc.; share changes are against Q3 2025.

Institutions holding AEF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
City of London Investment Management Co Ltd11,368,507$79.6M5.96%−623,465−5.2%Reduced
Allspring Global Investments Holdings, LLC2,840,745$19.9M0.03%−279,702−9.0%Reduced
Morgan Stanley1,756,326$12.3M0.00%+565,887+47.5%Added
1607 Capital Partners, LLC1,518,526$10.6M0.72%−109,862−6.7%Reduced
Lazard Asset Management LLC1,444,413$10.1M0.02%−5,972−0.4%Reduced
Penserra Capital Management LLC737,157$5.16M0.06%+68,199+10.2%Added
Vanguard Capital Wealth Advisors451,709$3.16M2.53%−195,276−30.2%Reduced
Public Employees Retirement System of Ohio404,938$2.83M0.01%00.0%Unchanged
Uncommon Cents Investing LLC323,726$2.27M0.55%00.0%Unchanged
Rivernorth Capital Management, LLC266,786$1.87M0.09%−256,958−49.1%Reduced
Envestnet Asset Management Inc220,877$1.55M0.00%−8,891−3.9%Reduced
Park Avenue Securities LLC195,847$1.37M0.01%−10,883−5.3%Reduced
Bank of America Corp194,843$1.36M0.00%+75,764+63.6%Added
Private Advisor Group, LLC178,544$1.25M0.01%+6,000+3.5%Added
Guggenheim Capital LLC171,690$1.20M0.01%+87,965+105.1%Added
CF Capital LLC152,370$1.07M0.53%+14,332+10.4%Added
LPL Financial LLC143,509$1.00M0.00%+108,738+312.7%Added
Evolve Private Wealth, LLC109,043$782.9K0.05%+109,043New
TrueMark Investments, LLC97,049$679.3K0.13%+2,387+2.5%Added
Shaker Financial Services, LLC94,331$677.3K0.21%00.0%Unchanged
Alexander Randolph Advisory, Inc.83,682$585.8K0.49%−6,420−7.1%Reduced
Closed-End Fund Advisors, Inc.77,299$541.1K0.32%+77,299New
Commonwealth Equity Services, LLC62,522$437.6K0.00%−467−0.7%Reduced
Blue Bell Private Wealth Management, LLC47,558$332.9K0.05%−676−1.4%Reduced
Rockefeller Capital Management L.P.47,139$330.0K0.00%−1,465−3.0%Reduced
Karpus Management, Inc.40,947$286.6K0.01%−120,959−74.7%Reduced
Invesco Ltd.39,210$274.5K0.00%+39,210New
Uhlmann Price Securities, LLC38,730$271.1K0.16%−410−1.0%Reduced
Integrated Capital Management, Inc.33,754$236.3K0.16%−141−0.4%Reduced
Decision Investments, Inc20,760$145.3K0.16%+20,760New
Clearstead Advisors, LLC20,000$140.0K0.00%00.0%Unchanged
Provida Pension Fund Administrator19,202$134.4K0.00%00.0%Unchanged
MML Investors Services, LLC18,318$128.2K0.00%+770+4.4%Added
Raymond James Financial Inc18,078$126.5K0.00%+3,501+24.0%Added
Blair William & Co16,547$115.8K0.00%+14+0.1%Added
Paragon Capital Management Ltd15,215$106.5K0.02%00.0%Unchanged
Wesbanco Bank Inc14,800$103.6K0.00%00.0%Unchanged
Peapack Gladstone Financial Corp14,520$102.0K0.00%00.0%Unchanged
Royal Bank of Canada12,971$91.0K0.00%+2,556+24.5%Added
Jane Street Group, LLC11,929$83.5K0.00%−2,965−19.9%Reduced
Colony Group, LLC11,795$82.6K0.00%+11,795New
Creative Planning11,733$82.1K0.00%00.0%Unchanged
Wealth Enhancement Advisory Services, LLC10,067$73.6K0.00%−1,687−14.4%Reduced
Cetera Investment Advisers10,398$72.8K0.00%+284+2.8%Added
Advisor Group Holdings, Inc.9,664$67.7K0.00%−345−3.4%Reduced
Bard Associates Inc7,971$57.2K0.01%+7,971New
US Bancorp3,395$23.8K0.00%00.0%Unchanged
Global Retirement Partners, LLC2,774$19.4K0.00%+2,774New
The PNC Financial Services Group, Inc.2,770$19.4K0.00%−201−6.8%Reduced
Thomas J. Herzfeld Advisors, Inc.2,124$14.9K0.01%+130+6.5%Added
UBS Group AG2,049$14.3K0.00%−13,876−87.1%Reduced
Kilter Group LLC1,891$13.2K0.01%−265−12.3%Reduced
CWM, LLC1,486$10.0K0.00%00.0%Unchanged
Wells Fargo & Company1,137$7.96K0.00%−3,049−72.8%Reduced
Pinnacle Wealth Planning Services, Inc.1,075$7.53K0.00%+1,075New
SRS Capital Advisors, Inc.1,070$7.49K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co540$3.78K0.00%+540New
Ancora Advisors, LLC459$3.21K0.00%00.0%Unchanged
WPG Advisers, LLC437$3.06K0.00%+159+57.2%Added
IFP Advisors, Inc182$1.27K0.00%00.0%Unchanged
Glen Eagle Advisors, LLC10$710.00%00.0%Unchanged
Gables Capital Management Inc.6$420.00%00.0%Unchanged
Absolute Investment Advisers LLC0$00.00%−175,241−100.0%Sold out
National Bank of Canada0$00.00%−140,524−100.0%Sold out
Quarry LP0$00.00%−82,097−100.0%Sold out
CSS LLC0$00.00%−31,688−100.0%Sold out
Matisse Capital0$00.00%−23,050−100.0%Sold out
Quantedge Capital Pte Ltd0$00.00%−17,000−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−11,395−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−2,895−100.0%Sold out
Larson Financial Group LLC0$00.00%−563−100.0%Sold out
Highline Wealth Partners LLC0$00.00%−450−100.0%Sold out
CIBC Private Wealth Group, LLC0$00.00%0Sold out