Vault-13

TEMPLETON EMERGING MKTS FD EMF

COM · Closed-End Fund · CUSIP 880191101

59 institutional holders -2 vs Q1 2025
9,019,2539.0m shares reported held*
$131.6mreported value*
2 new 17 added 19 reduced 7 sold out net bought ≈ $16.3k (+1.1k 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 ≈ $14.59.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 58Q4 22: 56Q1 23: 54Q2 23: 55Q3 23: 57Q4 23: 57Q1 24: 53Q2 24: 60Q3 24: 60Q4 24: 62Q1 25: 61Q2 25: 5959Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202258
Q4 202256
Q1 202354
Q2 202355
Q3 202357
Q4 202357
Q1 202453
Q2 202460
Q3 202460
Q4 202462
Q1 202561
Q2 202559

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 14 bought or addedQ3 23: 21 cut or sold outQ4 23: 15 bought or addedQ4 23: 27 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 25 cut or sold outQ2 24: 22 bought or addedQ2 24: 21 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 26 cut or sold outQ4 24: 30 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 17 bought or addedQ1 25: 28 cut or sold outQ2 25: 19 bought or addedQ2 25: 26 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231421
Q4 20231527
Q1 20242125
Q2 20242221
Q3 20241526
Q4 20243018
Q1 20251728
Q2 20251926

Biggest buyers

CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +143,320+143.3k
WOLVERINE ASSET MANAGEMENT LLC Added +84,976+85.0k
BANK OF AMERICA CORP /DE/ Added +40,577+40.6k
Uncommon Cents Investing LLC Added +24,935+24.9k
Verition Fund Management LLC New +20,139+20.1k
Baltimore-Washington Financial Advisors, Inc. New +19,081+19.1k
ROYAL BANK OF CANADA Added +12,666+12.7k
FLAGSHIP HARBOR ADVISORS, LLC Added +12,144+12.1k
Cresset Asset Management, LLC Added +10,990+11.0k
Shaker Financial Services, LLC Added +6,077+6.1k

Biggest sellers

Allspring Global Investments Holdings, LLC Reduced -144,089-144.1k
1607 Capital Partners, LLC Reduced -48,092-48.1k
Almitas Capital LLC Sold out -38,021-38.0k
Logan Stone Capital, LLC Sold out -34,289-34.3k
Invesco Ltd. Reduced -22,510-22.5k
Holowesko Partners Ltd. Sold out -20,859-20.9k
Cambridge Investment Research Advisors, Inc. Sold out -12,867-12.9k
AQR CAPITAL MANAGEMENT LLC Sold out -10,866-10.9k
INTEGRATED CAPITAL MANAGEMENT, INC. Sold out -10,180-10.2k
AQR Arbitrage LLC Reduced -9,182-9.2k

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 +1.4 pts · filed 2026-05-15 23.7% +1.4 pts 3.5m≈ $82.2m 2026-05-15
GATES FOUNDATION TRUST 13G · passive investor filed 2025-02-14 7.7% 1.2m≈ $27.2m 2025-02-14

Fell to 5% or below in the last year: STATE OF WISCONSIN INVESTMENT BOARD (4.3%, 2026-05-15), 1607 Capital Partners, LLC (4.1%, 2026-02-13)

Insider purchases and sales in Q2 2025

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.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 5.37% of their portfolio London, X0 3,959,2154.0m $57.8m $57.8m 5.37% Added +143.3k +143,320
2 STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio MADISON, WI 1,006,5251.0m $14.7m $14.7m 0.04% Unchanged
3 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 799,716799.7k $11.7m $11.7m 0.02% Reduced -144.1k -144,089
4 1607 Capital Partners, LLC 0.90% of their portfolio Richmond, VA 765,062765.1k $11.2m $11.2m 0.90% Reduced -48.1k -48,092
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 372,093372.1k $5.4m $5.4m 0.00% Added +40.6k +40,577
6 Family Firm, Inc. 0.77% of their portfolio BETHESDA, MD 217,772217.8k $3.2m $3.2m 0.77% Reduced -1.2k -1,204
7 Uncommon Cents Investing LLC 0.59% of their portfolio JANESVILLE, WI 150,638150.6k $2.2m $2.2m 0.59% Added +24.9k +24,935
8 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 138,022138.0k $2.0m $2.0m 0.02% Reduced -6.4k -6,424
9 Alexander Randolph Advisory, Inc. 1.73% of their portfolio MCLEAN, VA 131,992132.0k $1.9m $1.9m 1.73% Added +1.5k +1,530
10 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 131,018131.0k $1.9m $1.9m 0.03% Added +85.0k +84,976
11 FLAGSHIP HARBOR ADVISORS, LLC 0.09% of their portfolio BOSTON, MA 128,245128.2k $1.9m $1.9m 0.09% Added +12.1k +12,144
12 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 113,912113.9k $1.7m $1.7m 0.00% Reduced -1.2k -1,203
13 AQR Arbitrage LLC 0.03% of their portfolio Greenwich, CT 101,323101.3k $1.5m $1.5m 0.03% Reduced -9.2k -9,182
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 93,42893.4k $1.4m $1.4m 0.00% Reduced -8.3k -8,261
15 Traub Capital Management LLC 1.06% of their portfolio NEEDHAM, MA 78,88478.9k $1.2m $1.2m 1.06% First filing
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 66,48466.5k $970.0k $970.0k 0.00% Reduced -22.5k -22,510
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 60,76460.8k $886.5k $886.5k 0.00% Reduced -3.1k -3,065
18 Shaker Financial Services, LLC 0.30% of their portfolio Arlington, VA 56,59256.6k $825.7k $825.7k 0.30% Added +6.1k +6,077
19 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 55,40855.4k $808.0k $808.0k 0.01% Reduced -2.8k -2,836
20 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 54,24854.2k $791.5k $791.5k 0.00% Reduced -4.7k -4,693
21 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 50,15050.1k $731.7k $731.7k 0.01% Reduced -1.3k -1,300
22 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.05% of their portfolio CEDAR RAPIDS, IA 50,00050.0k $729.5k $729.5k 0.05% Unchanged
23 Saba Capital Management, L.P. 0.02% of their portfolio NEW YORK, NY 44,86944.9k $654.6k $654.6k 0.02% Unchanged
24 Matisse Capital 0.31% of their portfolio PORTLAND, OR 44,43044.4k $648.2k $648.2k 0.31% Unchanged
25 Hara Capital LLC 0.28% of their portfolio BELLEVUE, WA 30,96331.0k $451.8k $451.8k 0.28% Unchanged
26 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 27,47527.5k $400.9k $400.9k 0.00% Added +11.0k +10,990
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 26,84426.8k $392.0k $392.0k 0.00% Added +12.7k +12,666
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 24,40024.4k $356.0k $356.0k 0.00% Added +1.8k +1,788
29 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 20,13920.1k $293.8k $293.8k 0.00% New
30 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 19,76619.8k $288.4k $288.4k 0.00% Reduced -1.7k -1,718
31 Baltimore-Washington Financial Advisors, Inc. 0.01% of their portfolio Columbia, MD 19,08119.1k $278.4k $278.4k 0.01% New
32 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.04% of their portfolio BLUE BELL, PA 18,21818.2k $265.8k $265.8k 0.04% Reduced -60 -60
33 Moloney Securities Asset Management, LLC 0.03% of their portfolio MANCHESTER, MO 16,56316.6k $241.7k $241.7k 0.03% Reduced -131 -131
34 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 15,55315.6k $226.9k $226.9k 0.01% Unchanged
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 15,36515.4k $224.2k $224.2k 0.00% Added +5.8k +5,814
36 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,69714.7k $214.4k $214.4k 0.00% Reduced -56 -56
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,54513.5k $201.3k $201.3k 0.00% Added +6 +6
38 ROBERTS GLORE & CO INC /IL/ 0.06% of their portfolio DEERFIELD, IL 13,00013.0k $189.7k $189.7k 0.06% Reduced -550 -550
39 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 12,24512.2k $178.7k $178.7k 0.00% Unchanged
40 Modern Wealth Management, LLC 0.00% of their portfolio KANSAS CITY, MO 11,83511.8k $172.7k $172.7k 0.00% Unchanged
41 UBS Group AG 0.00% of their portfolio ZURICH, V8 11,74111.7k $171.3k $171.3k 0.00% Added +1.2k +1,213
42 CWM, LLC 0.00% of their portfolio OMAHA, NE 9,97910.0k $146.0k $146.0k 0.00% Reduced -887 -887
43 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,7618.8k $127.8k $127.8k 0.00% Reduced -119 -119
44 Key Financial Inc 0.01% of their portfolio WEST CHESTER, PA 4,7364.7k $69.1k $69.1k 0.01% Unchanged
45 SouthState Bank Corp 0.00% of their portfolio Winter Haven, FL 4,6974.7k $68.5k $68.5k 0.00% Unchanged
46 Hilltop National Bank 0.01% of their portfolio CASPER, WY 2,5792.6k $37.6k $37.6k 0.01% First filing
47 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,5221.5k $22.2k $22.2k 0.00% Added +12 +12
48 OPTIMUM INVESTMENT ADVISORS 0.01% of their portfolio Chicago, IL 1,1001.1k $16.0k $16.0k 0.01% Unchanged
49 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 937937 $13.7k $13.7k 0.00% Unchanged
50 Evelyn Partners Investment Management LLP 0.00% of their portfolio London, X0 750750 $10.9k $10.9k 0.00% Unchanged
51 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 600600 $8.8k $8.8k 0.00% Added +200 +200
52 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 316316 $4.6k $4.6k 0.00% Unchanged
53 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 258258 $3.8k $3.8k 0.00% Unchanged
54 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 212212 $3.1k $3.1k 0.00% Added +3 +3
55 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 200200 $2.9k $2.9k 0.00% Unchanged
56 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 150150 $2.2k $2.2k 0.00% Unchanged
57 Kozak & Associates, Inc. 0.00% of their portfolio HIGHLANDS RANCH, CO 138138 $2.1k $2.1k 0.00% Added +2 +2
58 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 9898 $1.4k $1.4k 0.00% First filing
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged