abrdn Emerging Markets ex-China Fund, Inc. (AEF) — Institutional Holders, Q2 2026
60 institutional investment managers reported a AEF position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $188.8M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
AEF in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- RAYMOND JAMES FINANCIALAdded · +707,771 sh+$6.8M
- Steward Partners Investment AdvisoryNew · +145,589 sh+$1.4M
- BANK OF AMERICAAdded · +49,644 sh+$476.6K
- XTX Topco LtdAdded · +44,420 sh+$426.4K
- LPL FinancialAdded · +39,897 sh+$383.0K
Biggest sellers
- CITY OF LONDON INVESTMENT MANAGEMENT LTDTrimmed · -838,456 sh-$8.0M
- 1607 Capital PartnersTrimmed · -452,984 sh-$4.3M
- Allspring Global InvestmentsTrimmed · -325,043 sh-$3.1M
- RIVERNORTH CAPITAL MANAGEMENTSold out · -252,729 sh-$2.4M
- ENVESTNET ASSET MANAGEMENTSold out · -198,699 sh-$1.9M
AEF 13F holders ranked 1–60 of 60
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | CITY OF LONDON INVESTMENT MANAGEMENT LTD#1 · 10,493,864 sh | 10,493,864 | $100.7M | 6.06% | -7.4% |
| 2 | Allspring Global Investments#2 · 2,360,680 sh | 2,360,680 | $22.7M | 0.03% | -12.1% |
| 3 | MORGAN STANLEY#3 · 1,749,028 sh | 1,749,028 | $16.8M | <0.01% | -2.2% |
| 4 | LAZARD ASSET MANAGEMENT#4 · 1,101,112 sh | 1,101,112 | $10.6M | 0.02% | -1.1% |
| 5 | 1607 Capital Partners#5 · 793,245 sh | 793,245 | $7.6M | 0.66% | -36.3% |
| 6 | RAYMOND JAMES FINANCIAL#6 · 739,497 sh | 739,497 | $7.1M | <0.01% | +2230.9% |
| 7 | Uncommon Cents Investing#7 · 322,126 sh | 322,126 | $3.1M | — | -0.1% |
| 8 | LPL Financial#8 · 267,064 sh | 267,064 | $2.6M | <0.01% | +17.6% |
| 9 | BANK OF AMERICA#9 · 218,959 sh | 218,959 | $2.1M | <0.01% | +29.3% |
| 10 | GUGGENHEIM CAPITAL#10 · 175,891 sh | 175,891 | $1.7M | 0.01% | -0.6% |
| 11 | Shaker Financial Services#11 · 163,459 sh | 163,459 | $1.6M | — | +3.8% |
| 12 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO#12 · 149,520 sh | 149,520 | $1.4M | <0.01% | 0.0% |
| 13 | Steward Partners Investment Advisory#13 · 145,589 sh | 145,589 | $1.4M | <0.01% | New |
| 14 | Vanguard Capital Wealth Advisors#14 · 120,689 sh | 120,689 | $1.2M | — | -46.8% |
| 15 | EVOLVE PRIVATE WEALTH#15 · 107,573 sh | 107,573 | $1.0M | 0.06% | -4.4% |
| 16 | Invesco Ltd.#16 · 71,517 sh | 71,517 | $686.6K | <0.01% | +60.1% |
| 17 | WOLVERINE ASSET MANAGEMENT#17 · 65,480 sh | 65,480 | $628.6K | <0.01% | -58.3% |
| 18 | Closed-End Fund Advisors#18 · 63,820 sh | 63,820 | $612.7K | 0.60% | -14.9% |
| 19 | XTX Topco Ltd#19 · 57,573 sh | 57,573 | $552.7K | <0.01% | +337.7% |
| 20 | COMMONWEALTH EQUITY SERVICES#20 · 49,906 sh | 49,906 | $479.1K | <0.01% | -22.7% |
| 21 | BLUE BELL PRIVATE WEALTH MANAGEMENT#21 · 47,158 sh | 47,158 | $452.7K | 0.06% | -0.8% |
| 22 | JANE STREET GROUP#22 · 40,381 sh | 40,381 | $387.7K | 0.00% | +90.7% |
| 23 | UHLMANN PRICE SECURITIES#23 · 30,688 sh | 30,688 | $294.6K | 0.01% | -24.9% |
| 24 | Cetera Investment Advisers#24 · 25,711 sh | 25,711 | $246.8K | <0.01% | +148.7% |
| 25 | WILEY BROS.-AINTREE CAPITAL#25 · 23,710 sh | 23,710 | $227.6K | <0.01% | -0.6% |
| 26 | WELLS FARGO & COMPANY#26 · 23,676 sh | 23,676 | $227.3K | 0.00% | +555.7% |
| 27 | Rockefeller Capital Management L.P.#27 · 23,190 sh | 23,190 | $222.6K | <0.01% | +1.0% |
| 28 | DECISION INVESTMENTS#28 · 21,590 sh | 21,590 | $207.3K | — | +4.0% |
| 29 | Abel Hall#29 · 20,000 sh | 20,000 | $192.0K | — | New |
| 30 | Clearstead Advisors#30 · 20,000 sh | 20,000 | $192.0K | <0.01% | 0.0% |
| 31 | VISTA INVESTMENT PARTNERS II#31 · 16,924 sh | 16,924 | $162.5K | — | New |
| 32 | Paragon Capital Management Ltd#32 · 16,431 sh | 16,431 | $157.7K | — | +2.4% |
| 33 | UBS Group AG#33 · 16,379 sh | 16,379 | $157.2K | 0.00% | +595.5% |
| 34 | BLAIR WILLIAM#34 · 15,501 sh | 15,501 | $148.8K | <0.01% | -6.3% |
| 35 | WESBANCO BANK#35 · 14,800 sh | 14,800 | $142.1K | <0.01% | 0.0% |
| 36 | PEAPACK GLADSTONE FINANCIAL#36 · 14,520 sh | 14,520 | $139.0K | <0.01% | 0.0% |
| 37 | ROYAL BANK OF CANADA#37 · 14,156 sh | 14,156 | $136.0K | 0.00% | +11.8% |
| 38 | OSAIC#38 · 14,044 sh | 14,044 | $134.8K | <0.01% | +15.2% |
| 39 | MILLENNIUM MANAGEMENT#39 · 12,587 sh | 12,587 | $120.8K | 0.00% | -77.6% |
| 40 | Focus Partners Wealth#40 · 12,141 sh | 12,141 | $116.6K | <0.01% | +1.5% |
| 41 | BARD ASSOCIATES#41 · 6,792 sh | 6,792 | $65.2K | 0.01% | -14.8% |
| 42 | Noble Wealth Management PBC#42 · 3,570 sh | 3,570 | $34.3K | — | New |
| 43 | US BANCORP \DE\#43 · 3,395 sh | 3,395 | $32.6K | 0.00% | 0.0% |
| 44 | Global Retirement Partners#44 · 3,049 sh | 3,049 | $29.3K | <0.01% | — |
| 45 | Thomas J. Herzfeld Advisors#45 · 2,046 sh | 2,046 | $19.6K | <0.01% | +206.7% |
| 46 | Pinnacle Wealth Planning Services#46 · 1,075 sh | 1,075 | $10.3K | <0.01% | 0.0% |
| 47 | SRS Capital Advisors#47 · 1,070 sh | 1,070 | $10.3K | <0.01% | +50.9% |
| 48 | Institute for Wealth Management#48 · 664 sh | 664 | $6.4K | <0.01% | New |
| 49 | WPG Advisers#49 · 464 sh | 464 | $4.5K | <0.01% | -1.7% |
| 50 | Ancora Advisors#50 · 459 sh | 459 | $4.4K | <0.01% | New |
| 51 | HIGHLINE WEALTH PARTNERS#51 · 300 sh | 300 | $2.9K | — | New |
| 52 | SIGNATUREFD#52 · 298 sh | 298 | $2.9K | — | 0.0% |
| 53 | Creative Capital Management Investments#53 · 213 sh | 213 | $2.0K | <0.01% | 0.0% |
| 54 | Axiom Investment Management#54 · 202 sh | 202 | $1.9K | <0.01% | New |
| 55 | IFP Advisors#55 · 182 sh | 182 | $1.7K | — | 0.0% |
| 56 | Glen Eagle Advisors#56 · 11 sh | 11 | $105.00 | 0.00% | 0.0% |
| 57 | HARBOUR INVESTMENTS#57 · 10 sh | 10 | $96.00 | 0.00% | New |
| 58 | GABLES CAPITAL MANAGEMENT#58 · 6 sh | 6 | $58.00 | 0.00% | 0.0% |
| 59 | Farther Finance Advisors#59 · 1 sh | 1 | $10.00 | — | New |
| 60 | Kilter Group#60 · 0 sh | 0 | $1.00 | 0.00% | -100.0% |
Funds that sold out of AEF in Q2 2026 (13)
Held AEF at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT252,729 sh | 252,729 | $1.8M |
| ENVESTNET ASSET MANAGEMENT198,699 sh | 198,699 | $1.4M |
| Private Advisor Group191,749 sh | 191,749 | $1.4M |
| TrueMark Investments82,992 sh | 82,992 | $605.0K |
| Alexander Randolph Advisory74,642 sh | 74,642 | $544.1K |
| INTEGRATED CAPITAL MANAGEMENT28,058 sh | 28,058 | $204.5K |
| READYSTATE ASSET MANAGEMENT27,795 sh | 27,795 | $202.6K |
| Creative Planning19,910 sh | 19,910 | $145.1K |
| MML INVESTORS SERVICES14,452 sh | 14,452 | $105.4K |
| Kilter Group1,645 sh | 1,645 | $12.0K |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT540 sh | 540 | $3.9K |
| BlackRock194 sh | 194 | $1.4K |
| Root Financial Partners63 sh | 63 | $459.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.