ABRDN EMERGING MARKETS EX CH AEF
COM · Closed-End Fund · CUSIP 00301W105
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.60.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 53 |
| Q4 2022 | 52 |
| Q1 2023 | 52 |
| Q2 2023 | 49 |
| Q3 2023 | 50 |
| Q4 2023 | 49 |
| Q1 2024 | 47 |
| Q2 2024 | 51 |
| Q3 2024 | 50 |
| Q4 2024 | 58 |
| Q1 2025 | 63 |
| Q2 2025 | 65 |
| Q3 2025 | 64 |
| Q4 2025 | 62 |
| Q1 2026 | 63 |
| Q2 2026 | 60 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 23 | 15 |
| Q4 2024 | 21 | 19 |
| Q1 2025 | 28 | 35 |
| Q2 2025 | 30 | 27 |
| Q3 2025 | 26 | 34 |
| Q4 2025 | 21 | 33 |
| Q1 2026 | 28 | 28 |
| Q2 2026 | 27 | 32 |
Biggest buyers
| RAYMOND JAMES FINANCIAL INC | Added | +707.8k |
| Steward Partners Investment Advisory, LLC | New | +145.6k |
| BANK OF AMERICA CORP /DE/ | Added | +49.6k |
| XTX Topco Ltd | Added | +44.4k |
| LPL Financial LLC | Added | +39.9k |
| Invesco Ltd. | Added | +26.9k |
| WELLS FARGO & COMPANY/MN | Added | +20.1k |
| Abel Hall, LLC | New | +20.0k |
| JANE STREET GROUP, LLC | Added | +19.2k |
| VISTA INVESTMENT PARTNERS II, LLC | New | +16.9k |
Biggest sellers
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -838.5k |
| 1607 Capital Partners, LLC | Reduced | -453.0k |
| Allspring Global Investments Holdings, LLC | Reduced | -325.0k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -252.7k |
| ENVESTNET ASSET MANAGEMENT INC | Sold out | -198.7k |
| Private Advisor Group, LLC | Sold out | -191.7k |
| Vanguard Capital Wealth Advisors | Reduced | -106.0k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -91.4k |
| TrueMark Investments, LLC | Sold out | -83.0k |
| Alexander Randolph Advisory, Inc. | Sold out | -74.6k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 13G · institution -1.3 pts · filed 2026-10-23 | 24.5% |
| FIRST TRUST PORTFOLIOS LP 13G · institution +1.8 pts · filed 2026-10-14 | 16.5% |
Fell to 5% or below in the last year: Allspring Global Investments Holdings, LLC (4.9%, 2026-10-07)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $5.4k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $10.8k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $43.3k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-24 | Clark Anthony S. Director | Bought | $43.3k4.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 6.06% of their portfolio | 10.5m $100.7m | Reduced -838.5k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 2.4m $22.7m | Reduced -325.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $16.8m | Reduced -40.1k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 1.1m $10.6m | Reduced -11.9k |
| 1607 Capital Partners, LLC 0.66% of their portfolio | 793.2k $7.6m | Reduced -453.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 739.5k $7.1m | Added +707.8k |
| Uncommon Cents Investing LLC 0.67% of their portfolio | 322.1k $3.1m | Reduced -300 |
| LPL Financial LLC 0.00% of their portfolio | 267.1k $2.6m | Added +39.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 219.0k $2.1m | Added +49.6k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 175.9k $1.7m | Reduced -1.0k |
| Shaker Financial Services, LLC 0.49% of their portfolio | 163.5k $1.6m | Added +6.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 149.5k $1.4m | Unchanged |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 145.6k $1.4m | New |
| Vanguard Capital Wealth Advisors 0.78% of their portfolio | 120.7k $1.2m | Reduced -106.0k |
| EVOLVE PRIVATE WEALTH, LLC 0.06% of their portfolio | 107.6k $1.0m | Reduced -4.9k |
| Invesco Ltd. 0.00% of their portfolio | 71.5k $686.6k | Added +26.9k |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 65.5k $628.6k | Reduced -91.4k |
| Closed-End Fund Advisors, Inc. 0.60% of their portfolio | 63.8k $612.7k | Reduced -11.2k |
| XTX Topco Ltd 0.01% of their portfolio | 57.6k $552.7k | Added +44.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 49.9k $479.1k | Reduced -14.7k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.06% of their portfolio | 47.2k $452.7k | Reduced -400 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 40.4k $387.7k | Added +19.2k |
| UHLMANN PRICE SECURITIES, LLC 0.01% of their portfolio | 30.7k $294.6k | Reduced -10.2k |
| Cetera Investment Advisers 0.00% of their portfolio | 25.7k $246.8k | Added +15.4k |
| &PARTNERS 0.00% of their portfolio | 23.7k $227.6k | Reduced -155 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 23.7k $227.3k | Added +20.1k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 23.2k $222.6k | Added +228 |
| DECISION INVESTMENTS, INC 0.19% of their portfolio | 21.6k $207.3k | Added +830 |
| Clearstead Advisors, LLC 0.00% of their portfolio | 20.0k $192.0k | Unchanged |
| Abel Hall, LLC 0.03% of their portfolio | 20.0k $192.0k | New |
| VISTA INVESTMENT PARTNERS II, LLC 0.06% of their portfolio | 16.9k $162.5k | New |
| Paragon Capital Management Ltd 0.03% of their portfolio | 16.4k $157.7k | Added +385 |
| UBS Group AG 0.00% of their portfolio | 16.4k $157.2k | Added +14.0k |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 15.5k $148.8k | Reduced -1.0k |
| WESBANCO BANK INC 0.00% of their portfolio | 14.8k $142.1k | Unchanged |
| PEAPACK GLADSTONE FINANCIAL CORP 0.00% of their portfolio | 14.5k $139.0k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 14.2k $136.0k | Added +1.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 14.0k $134.8k | Added +1.9k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 12.6k $120.8k | Reduced -43.5k |
| Focus Partners Wealth 0.00% of their portfolio | 12.1k $116.6k | Added +181 |
| BARD ASSOCIATES INC 0.01% of their portfolio | 6.8k $65.2k | Reduced -1.2k |
| Noble Wealth Management PBC 0.02% of their portfolio | 3.6k $34.3k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 3.4k $32.6k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 3.0k $29.3k | First filing |
| Thomas J. Herzfeld Advisors, Inc. 0.01% of their portfolio | 2.0k $19.6k | Added +1.4k |
| Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio | 1.1k $10.3k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 1.1k $10.3k | Added +361 |
| Institute for Wealth Management, LLC. 0.00% of their portfolio | 664 $6.4k | New |
| WPG Advisers, LLC 0.00% of their portfolio | 464 $4.5k | Reduced -8 |
| Ancora Advisors LLC 0.00% of their portfolio | 459 $4.4k | Unchanged |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 300 $2.9k | New |
| SIGNATUREFD, LLC 0.00% of their portfolio | 298 $2.9k | Unchanged |
| Creative Capital Management Investments LLC 0.00% of their portfolio | 213 $2.0k | Unchanged |
| Axiom Investment Management LLC 0.00% of their portfolio | 202 $1.9k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 182 $1.7k | Unchanged |
| Glen Eagle Advisors, LLC 0.00% of their portfolio | 11 $105 | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 10 $96 | New |
| GABLES CAPITAL MANAGEMENT INC. 0.00% of their portfolio | 6 $58 | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1 $10 | New |
| Kilter Group LLC 0.00% of their portfolio | 0 $1 | Reduced -1.6k |