AEF · abrdn Emerging Markets ex-China Fund, Inc.

$9.39 +0.05 (+0.54%) At close · Aug 21

Market Cap

$381.25M

40.60M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 59

Total Value: $188,769,479

Total Shares: 19,663,527

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 59 13F filers · Δ vs Mar 31, 2026

Top Holder

53.4%

+0.3 pts

Top 5

83.9%

−1.1 pts

Top 10

92.7%

+1.9 pts

HHI

3,143

Highly concentrated+31

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -4

Institutional value: +21.2%

Shares held: -8.0%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega RAYMOND JAMES FINANCIAL INC	+707,771	739,497
Mega BANK OF AMERICA CORP /DE/	+49,644	218,959
Mid XTX Topco Ltd	+44,420	57,573
Mega LPL Financial LLC	+39,897	267,064
Mega Invesco Ltd.	+26,852	71,517

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mid CITY OF LONDON INVESTMENT MANAGEMENT CO LTD	−838,456	10,493,864
Small 1607 Capital Partners, LLC	−452,984	793,245
Large Allspring Global Investments Holdings, LLC	−325,043	2,360,680
Small Vanguard Capital Wealth Advisors	−106,005	120,689
Mid WOLVERINE ASSET MANAGEMENT LLC	−91,361	65,480

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Large Steward Partners Investment Advisory, LLC	145,589	$1,397,654
Small Abel Hall, LLC	20,000	$192,000
Small VISTA INVESTMENT PARTNERS II, LLC	16,924	$162,470
Small Noble Wealth Management PBC	3,570	$33,915
Mid Global Retirement Partners, LLC	3,049	$29,270

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mid RIVERNORTH CAPITAL MANAGEMENT, LLC	252,729	$1,842,394
Mega ENVESTNET ASSET MANAGEMENT INC	198,699	$1,448,515
Mid Private Advisor Group, LLC	191,749	$1,397,850
Small TrueMark Investments, LLC	82,992	$605,011
Micro Alexander Randolph Advisory, Inc.	74,642	$544,140

Filter: New 10 Increased 18 Reduced 20 Sold out 14 Unchanged 11

Showing 59 of 59

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD

$100,741,094

53.37%

10,493,864

Allspring Global Investments Holdings, LLC

$22,662,528

12.01%

2,360,680

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Allspring Global Investments, LLC reporting on behalf of UBS ASSET MANAGEMENT AMERICAS INC	2,360,680	$22,662,528	100.0%	Defined

MORGAN STANLEY

$16,790,667

8.89%

1,749,028

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	1,419,002	$13,622,418	81.1%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	330,026	$3,168,249	18.9%	Defined

LAZARD ASSET MANAGEMENT LLC

$10,570,675

5.60%

1,101,112

1607 Capital Partners, LLC

$7,615,152

4.03%

793,245

RAYMOND JAMES FINANCIAL INC

$7,099,169

3.76%

739,497

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	251,486	$2,414,265	34.0%	Defined
Raymond James Financial Services Advisors, Inc.	477,913	$4,587,964	64.6%	Defined
RAYMOND JAMES TRUST N.A.	10,098	$96,940	1.4%	Defined

Uncommon Cents Investing LLC

$3,092,409

1.64%

322,126

LPL Financial LLC

$2,563,814

1.36%

267,064

BANK OF AMERICA CORP /DE/

$2,102,006

1.11%

218,959

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	162,087	$1,556,035	74.0%	Defined
BOFA SECURITIES, INC.	56,872	$545,971	26.0%	Defined

GUGGENHEIM CAPITAL LLC

$1,688,553

0.89%

175,891

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GUGGENHEIM FUNDS DISTRIBUTORS, LLC	175,176	$1,681,689	99.6%	Defined
SECURITY INVESTORS LLC	715	$6,864	0.4%	Defined

Shaker Financial Services, LLC

$1,569,206

0.83%

163,459

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO

$1,435,392

0.76%

149,520

Steward Partners Investment Advisory, LLC

$1,397,654

0.74%

145,589

Vanguard Capital Wealth Advisors

$1,158,614

0.61%

120,689

EVOLVE PRIVATE WEALTH, LLC

$1,032,700

0.55%

107,573

Invesco Ltd.

$686,563

0.36%

71,517

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Investment Advisers LLC	71,517	$686,563	100.0%	Defined

WOLVERINE ASSET MANAGEMENT LLC

$628,608

0.33%

65,480

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	65,480	$628,608	100.0%	Defined

Closed-End Fund Advisors, Inc.

$612,672

0.32%

63,820

XTX Topco Ltd

$552,700

0.29%

57,573

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	57,573	$552,700	100.0%	Defined

COMMONWEALTH EQUITY SERVICES, LLC

$479,097

0.25%

49,906

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC

$452,716

0.24%

47,158

JANE STREET GROUP, LLC

$387,657

0.21%

40,381

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	15,619	$149,942	38.7%	Defined
Jane Street Global Trading, LLC	24,762	$237,715	61.3%	Defined

UHLMANN PRICE SECURITIES, LLC

$294,604

0.16%

30,688

Cetera Investment Advisers

$246,825

0.13%

25,711

&PARTNERS

$227,616

0.12%

23,710

WELLS FARGO & COMPANY/MN

$227,289

0.12%

23,676

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	20,074	$192,710	84.8%	Defined
WELLS FARGO CLEARING SERVICES, LLC	3,602	$34,579	15.2%	Defined

Rockefeller Capital Management L.P.

$222,624

0.12%

23,190

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	23,190	$222,624	100.0%	Defined

DECISION INVESTMENTS, INC

$207,264

0.11%

21,590

Clearstead Advisors, LLC

$192,000

0.10%

20,000

Abel Hall, LLC

$192,000

0.10%

20,000

VISTA INVESTMENT PARTNERS II, LLC

$162,470

0.09%

16,924

Paragon Capital Management Ltd

$157,737

0.08%

16,431

UBS Group AG

$157,238

0.08%

16,379

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	2,145	$20,592	13.1%	Defined
UBS AG	14,234	$136,646	86.9%	Defined

BLAIR WILLIAM & CO/IL

$148,809

0.08%

15,501

WESBANCO BANK INC

$142,080

0.08%

14,800

PEAPACK GLADSTONE FINANCIAL CORP

$139,392

0.07%

14,520

ROYAL BANK OF CANADA

$135,897

0.07%

14,156

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	14,156	$135,897	100.0%	Defined

OSAIC HOLDINGS, INC.

$134,821

0.07%

14,044

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	2,078	$19,948	14.8%	Defined
Osaic Advisory Services, LLC	11,966	$114,873	85.2%	Defined

MILLENNIUM MANAGEMENT LLC

$120,835

0.06%

12,587

Focus Partners Wealth

$116,553

0.06%

12,141

BARD ASSOCIATES INC

$65,203

0.03%

6,792

Noble Wealth Management PBC

$33,915

0.02%

3,570

US BANCORP \DE\

$32,592

0.02%

3,395

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
US BANK NATIONAL ASSOCIATION	3,395	$32,592	100.0%	Defined

Global Retirement Partners, LLC

$29,270

0.02%

3,049

Thomas J. Herzfeld Advisors, Inc.

$19,641

0.01%

2,046

Pinnacle Wealth Planning Services, Inc.

$10,320

0.01%

1,075

Arax Advisory Partners

$10,272

0.01%

1,070

Institute for Wealth Management, LLC.

$6,374

0.00%

664

WPG Advisers, LLC

$4,454

0.00%

464

HIGHLINE WEALTH PARTNERS LLC

$2,880

0.00%

300

SIGNATUREFD, LLC

$2,860

0.00%

298

Creative Capital Management Investments LLC

$2,044

0.00%

213

Axiom Investment Management LLC

$1,939

0.00%

202

IFP Advisors, Inc

$1,747

0.00%

182

Glen Eagle Advisors, LLC

$105

0.00%

HARBOUR INVESTMENTS, INC.

$96

0.00%

GABLES CAPITAL MANAGEMENT INC.

$57

0.00%

Farther Finance Advisors, LLC

0.00%

Kilter Group LLC

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ANCORA PRIVATE WEALTH ADVISORS, LLC	459	$3,346	100.0%	Sole

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Investment Management, LLC	194	$1,414	100.0%	Sole

Key facts CIK 846676 CUSIP 00301W105 13F (30d) 46 filings 46 filers Visit website Investor relations