ABRDN JAPAN EQUITY FUND INC XJEQX
COM · Closed-End Fund · CUSIP 00306J109
* 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.
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 32 |
| Q4 2022 | 28 |
| Q1 2023 | 27 |
| Q2 2023 | 29 |
| Q3 2023 | 31 |
| Q4 2023 | 32 |
| Q1 2024 | 30 |
| Q2 2024 | 33 |
| Q3 2024 | 35 |
| Q4 2024 | 33 |
| Q1 2025 | 31 |
| Q2 2025 | 27 |
| Q3 2025 | 27 |
| Q4 2025 | 0 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 11 | 12 |
| Q2 2024 | 14 | 11 |
| Q3 2024 | 18 | 14 |
| Q4 2024 | 11 | 13 |
| Q1 2025 | 20 | 14 |
| Q2 2025 | 10 | 16 |
| Q3 2025 | 9 | 21 |
| Q4 2025 | 0 | 27 |
Biggest buyers
| None |
Biggest sellers
| ABSOLUTE INVESTMENT ADVISERS, LLC | Sold out | -1.1m |
| Almitas Capital LLC | Sold out | -980.3k |
| 1607 Capital Partners, LLC | Sold out | -866.0k |
| Allspring Global Investments Holdings, LLC | Sold out | -842.0k |
| Saba Capital Management, L.P. | Sold out | -551.6k |
| Quarry LP | Sold out | -398.3k |
| BANK OF AMERICA CORP /DE/ | Sold out | -154.6k |
| MORGAN STANLEY | Sold out | -95.7k |
| Successful Portfolios LLC | Sold out | -88.5k |
| Yakira Capital Management, Inc. | Sold out | -79.7k |
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 |
|---|---|
| 1607 Capital Partners, LLC 13G · institution no change · filed 2025-11-14 | 12.2% |
| Allspring Global Investments Holdings, LLC 13G · institution -3.3 pts · filed 2025-10-10 | 11.9% |
| Almitas Capital LLC 13G · institution no change · filed 2026-02-17 | 6.9% |
Fell to 5% or below in the last year: LAZARD ASSET MANAGEMENT LLC (2.7%, 2025-11-14), Quarry LP (0.0%, 2025-11-14)
Holders, Q4 2025
| Manager | Shares | Change |
|---|