Vault-13

ABRDN FDS AGEM

EMERGING MKTS DI · ETP · CUSIP 00384X301

49 institutional holders +31 vs Q3 2025
1,833,3351.8m shares reported held*
$72.1mreported value*
33 new 6 added 2 reduced 3 sold out net bought ≈ $68.4m (+1.7m shares)

* 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 ($9.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.31.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 16Q2 25: 18Q3 25: 18Q4 25: 4949Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 202516
Q2 202518
Q3 202518
Q4 202549

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q2 25: 11 bought or addedQ2 25: 3 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 7 cut or sold outQ3 25Q4 25: 39 bought or addedQ4 25: 5 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 2025113
Q3 202587
Q4 2025395

Biggest buyers

Sterling Capital Management LLC New +629,063+629.1k
AE Wealth Management LLC New +451,982+452.0k
Simplicity Wealth,LLC New +186,002+186.0k
LifePlan Investment Advisors, Inc. New +63,786+63.8k
ENVESTNET ASSET MANAGEMENT INC New +61,100+61.1k
TRUIST FINANCIAL CORP New +57,371+57.4k
FWG Investments, LLC. New +50,839+50.8k
HUNTINGTON NATIONAL BANK New +43,797+43.8k
GTS SECURITIES LLC New +35,480+35.5k
LPL Financial LLC Added +32,947+32.9k

Biggest sellers

JANE STREET GROUP, LLC Reduced -3,988-4.0k
UBS Group AG Sold out -2,509-2.5k
PRINCIPAL SECURITIES, INC. Sold out -259-259
BANK OF AMERICA CORP /DE/ Reduced -164-164
BIRCHBROOK, INC. Sold out -59-59

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sterling Capital Management LLC 0.39% of their portfolio CHARLOTTE, NC 629,063629.1k $24.1m $24.1m 0.39% New
2 AE Wealth Management LLC 0.10% of their portfolio TOPEKA, KS 451,982452.0k $17.3m $17.3m 0.10% New
3 Simplicity Wealth,LLC 0.43% of their portfolio SUMMIT, NJ 186,002186.0k $7.1m $7.1m 0.43% New
4 LifePlan Investment Advisors, Inc. 1.00% of their portfolio RALEIGH, NC 63,78663.8k $2.4m $2.4m 1.00% New
5 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 61,10061.1k $2.3m $2.3m 0.00% New
6 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 57,37157.4k $2.2m $2.2m 0.00% New
7 FWG Investments, LLC. 1.24% of their portfolio LEXINGTON, KY 50,83950.8k $2.0m $2.0m 1.24% New
8 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 43,79743.8k $1.7m $1.7m 0.01% New
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 38,35938.4k $1.5m $1.5m 0.00% Added +32.9k +32,947
10 GTS SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 35,48035.5k $1.4m $1.4m 0.05% New
11 Kingdom Financial Group LLC. 0.37% of their portfolio PEORIA, AZ 30,92630.9k $1.2m $1.2m 0.37% New
12 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,89828.9k $1.1m $1.1m 0.00% Reduced -4.0k -3,988
13 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 25,71625.7k $987.3k $987.3k 0.00% Added +13.7k +13,672
14 Lloyd Advisory Services, LLC. 0.34% of their portfolio SUWANEE, GA 22,95623.0k $881.2k $881.2k 0.34% New
15 Quest 10 Wealth Builders, Inc. 0.51% of their portfolio Fuquay-Varina, VA 14,94414.9k $573.6k $573.6k 0.51% New
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 14,31314.3k $549.4k $549.4k 0.00% Added +9.6k +9,596
17 Networth Advisors, LLC 0.39% of their portfolio CANONSBURG, PA 13,68113.7k $525.2k $525.2k 0.39% First filing
18 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 11,76111.8k $451.4k $451.4k 0.02% New
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,18111.2k $429.2k $429.2k 0.00% Added +3.9k +3,930
20 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,03311.0k $443.8k $443.8k 0.00% New
21 Arcadia Wealth Management, LLC 0.14% of their portfolio Manchester, NH 9,7289.7k $373.4k $373.4k 0.14% New
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 8,5858.6k $329.6k $329.6k 0.00% New
23 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 8,1358.1k $312.3k $312.3k 0.00% New
24 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 6,3836.4k $245.0k $245.0k 0.00% New
25 B.O.S.S. Retirement Advisors, LLC 0.07% of their portfolio Lehi, UT 5,7945.8k $222.4k $222.4k 0.07% New
26 Slagle Financial, LLC 0.08% of their portfolio Edwardsville, IL 5,6105.6k $215.3k $215.3k 0.08% New
27 FMR LLC 0.00% of their portfolio BOSTON, MA 5,6005.6k $215.0k $215.0k 0.00% Added +275 +275
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,4945.5k $210.9k $210.9k 0.00% New
29 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,2335.2k $200.9k $200.9k 0.00% Unchanged
30 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,5073.5k $134.6k $134.6k 0.00% New
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,5622.6k $98.3k $98.3k 0.00% Reduced -164 -164
32 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 2,1572.2k $82.8k $82.8k 0.00% New
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,2711.3k $48.8k $48.8k 0.00% Unchanged
34 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 781781 $30.0k $30.0k 0.00% New
35 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 516516 $19.8k $19.8k 0.00% Unchanged
36 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 443443 $17.0k $17.0k 0.00% New
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 429429 $16.5k $16.5k 0.00% Unchanged
38 SOA Wealth Advisors, LLC. 0.00% of their portfolio NEW YORK, NY 361361 $13.8k $13.8k 0.00% Added +2 +2
39 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 285285 $10.9k $10.9k 0.00% New
40 COMERICA BANK 0.00% of their portfolio DALLAS, TX 219219 $8.4k $8.4k 0.00% Unchanged
41 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 219219 $8.4k $8.4k 0.00% New
42 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 193193 $7.4k $7.4k 0.00% New
43 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 174174 $6.7k $6.7k 0.00% New
44 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 161161 $6.2k $6.2k 0.00% New
45 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 151151 $5.8k $5.8k 0.00% New
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 114114 $4.0k $4.0k 0.00% New
47 Key Capital Management, INC 0.00% of their portfolio HENDERSONVILLE, TN 37075, TN 6767 $2.6k $2.6k 0.00% First filing
48 COUNTRY TRUST BANK 0.00% of their portfolio Bloomington, IL 2626 $998 $998 0.00% Unchanged
49 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 11 $24 $24 0.00% New