Vault-13

MORGAN STANLEY CHINA A SH FD XCAFX

COM · Closed-End Fund · CUSIP 617468103

34 institutional holders +3 vs Q1 2026
9,867,5949.9m shares reported held*
$207.6mreported value*
9 new 8 added 10 reduced 6 sold out net sold ≈ $61.4m (-2.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $21.04.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 27Q4 22: 36Q1 23: 33Q2 23: 35Q3 23: 31Q4 23: 33Q1 24: 27Q2 24: 30Q3 24: 30Q4 24: 32Q1 25: 33Q2 25: 31Q3 25: 34Q4 25: 33Q1 26: 31Q2 26: 3434Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202227
Q4 202236
Q1 202333
Q2 202335
Q3 202331
Q4 202333
Q1 202427
Q2 202430
Q3 202430
Q4 202432
Q1 202533
Q2 202531
Q3 202534
Q4 202533
Q1 202631
Q2 202634

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 15 bought or addedQ3 24: 12 cut or sold outQ4 24: 12 bought or addedQ4 24: 10 cut or sold outQ4 24Q1 25: 13 bought or addedQ1 25: 15 cut or sold outQ2 25: 9 bought or addedQ2 25: 13 cut or sold outQ2 25Q3 25: 13 bought or addedQ3 25: 10 cut or sold outQ4 25: 13 bought or addedQ4 25: 15 cut or sold outQ4 25Q1 26: 14 bought or addedQ1 26: 16 cut or sold outQ2 26: 17 bought or addedQ2 26: 16 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241512
Q4 20241210
Q1 20251315
Q2 2025913
Q3 20251310
Q4 20251315
Q1 20261416
Q2 20261716

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $1.8mQ1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$1.8m—
Q2 2026$0$0—

Biggest buyers

Shaker Financial Services, LLC New +42,030+42.0k
Cresset Asset Management, LLC New +25,300+25.3k
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO Added +22,649+22.6k
READYSTATE ASSET MANAGEMENT LP New +21,635+21.6k
WOLVERINE ASSET MANAGEMENT LLC New +13,172+13.2k
OSAIC HOLDINGS, INC. New +10,001+10.0k
Private Advisor Group, LLC New +9,735+9.7k
Karpus Management, Inc. Added +9,030+9.0k
XTX Topco Ltd Added +4,811+4.8k
MORGAN STANLEY Added +1,514+1.5k

Biggest sellers

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -1,507,448-1.5m
Allspring Global Investments Holdings, LLC Reduced -497,006-497.0k
1607 Capital Partners, LLC Reduced -185,105-185.1k
LAZARD ASSET MANAGEMENT LLC Reduced -184,914-184.9k
BANK OF MONTREAL /CAN/ Sold out -175,000-175.0k
Sculptor Capital LP Sold out -104,821-104.8k
UBS Group AG Reduced -83,434-83.4k
Matisse Capital Reduced -79,574-79.6k
Saba Capital Management, L.P. Reduced -75,343-75.3k
Ursa Fund Management, LLC Sold out -70,100-70.1k

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.

HolderStakeChangeShares Last filed
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 13G · institution -1.8 pts · filed 2026-07-24 34.4% -1.8 pts 4.6m≈ $96.8m 2026-07-24
LAZARD ASSET MANAGEMENT LLC 13G · institution +1.6 pts · filed 2026-08-14 13.1% +1.6 pts 1.7m≈ $36.7m 2026-08-14
Allspring Global Investments Holdings, LLC 13G · institution +1.0 pts · filed 2026-02-04 10.9% +1.0 pts 1.8m≈ $38.6m 2026-02-04

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 5.83% of their portfolio London, X0 4,602,7934.6m $96.8m $96.8m 5.83% Reduced -1.5m -1,507,448
2 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 1,743,5981.7m $36.7m $36.7m 0.06% Reduced -184.9k -184,914
3 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 1,350,7101.4m $28.4m $28.4m 0.04% Reduced -497.0k -497,006
4 Karpus Management, Inc. 0.29% of their portfolio Pittsford, NY 482,293482.3k $10.1m $10.1m 0.29% Added +9.0k +9,030
5 Saba Capital Management, L.P. 0.29% of their portfolio NEW YORK, NY 450,836450.8k $9.5m $9.5m 0.29% Reduced -75.3k -75,343
6 1607 Capital Partners, LLC 0.74% of their portfolio Richmond, VA 406,007406.0k $8.5m $8.5m 0.74% Reduced -185.1k -185,105
7 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 355,871355.9k $7.5m $7.5m 0.02% Added +22.6k +22,649
8 Matisse Capital 0.83% of their portfolio PORTLAND, OR 98,52698.5k $2.1m $2.1m 0.83% Reduced -79.6k -79,574
9 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 84,34884.3k $1.8m $1.8m 0.00% Reduced -25.7k -25,652
10 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 42,33142.3k $890.6k $890.6k 0.04% Reduced -36.6k -36,601
11 Shaker Financial Services, LLC 0.28% of their portfolio Arlington, VA 42,03042.0k $884.3k $884.3k 0.28% New
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 31,26131.3k $657.7k $657.7k 0.00% Added +1.5k +1,514
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 27,66027.7k $581.0k $581.0k 0.00% Added +198 +198
14 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 25,30025.3k $532.3k $532.3k 0.00% New
15 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 21,63521.6k $455.2k $455.2k 0.02% New
16 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 20,76520.8k $436.9k $436.9k 0.01% Added +4.8k +4,811
17 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 18,29718.3k $385.0k $385.0k 0.00% Reduced -5.6k -5,564
18 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 13,17213.2k $277.1k $277.1k 0.00% New
19 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 11,58911.6k $243.8k $243.8k 0.00% Added +1.4k +1,398
20 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 10,00110.0k $210.4k $210.4k 0.00% New
21 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 9,7359.7k $204.8k $204.8k 0.00% New
22 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 6,7826.8k $142.7k $142.7k 0.00% Added +266 +266
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,6713.7k $77.2k $77.2k 0.00% Added +207 +207
24 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,2302.2k $46.9k $46.9k 0.00% Unchanged
25 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 1,6001.6k $33.7k $33.7k 0.00% Unchanged
26 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 800800 $16.8k $16.8k 0.00% Unchanged
27 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 778778 $16.4k $16.4k 0.00% New
28 Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio MIAMI BEACH, FL 684684 $14.4k $14.4k 0.00% New
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 649649 $13.7k $13.7k 0.00% Reduced -83.4k -83,434
30 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 500500 $10.5k $10.5k 0.00% Unchanged
31 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 357357 $7.5k $7.5k 0.00% Unchanged
32 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 348348 $7.3k $7.3k 0.00% New
33 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 262262 $5.5k $5.5k 0.00% Unchanged
34 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 175175 $3.7k $3.7k 0.00% Unchanged