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