TEMPLETON EMERGING MKTS FD EMF
COM · Closed-End Fund · CUSIP 880191101
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 58 |
| Q4 2022 | 56 |
| Q1 2023 | 54 |
| Q2 2023 | 55 |
| Q3 2023 | 57 |
| Q4 2023 | 57 |
| Q1 2024 | 53 |
| Q2 2024 | 60 |
| Q3 2024 | 60 |
| Q4 2024 | 62 |
| Q1 2025 | 61 |
| Q2 2025 | 59 |
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 2023 | 14 | 21 |
| Q4 2023 | 15 | 27 |
| Q1 2024 | 21 | 25 |
| Q2 2024 | 22 | 21 |
| Q3 2024 | 15 | 26 |
| Q4 2024 | 30 | 18 |
| Q1 2025 | 17 | 28 |
| Q2 2025 | 19 | 26 |
Biggest buyers
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +143.3k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +85.0k |
| BANK OF AMERICA CORP /DE/ | Added | +40.6k |
| Uncommon Cents Investing LLC | Added | +24.9k |
| Verition Fund Management LLC | New | +20.1k |
| Baltimore-Washington Financial Advisors, Inc. | New | +19.1k |
| ROYAL BANK OF CANADA | Added | +12.7k |
| FLAGSHIP HARBOR ADVISORS, LLC | Added | +12.1k |
| Cresset Asset Management, LLC | Added | +11.0k |
| Shaker Financial Services, LLC | Added | +6.1k |
Biggest sellers
| Allspring Global Investments Holdings, LLC | Reduced | -144.1k |
| 1607 Capital Partners, LLC | Reduced | -48.1k |
| Almitas Capital LLC | Sold out | -38.0k |
| Logan Stone Capital, LLC | Sold out | -34.3k |
| Invesco Ltd. | Reduced | -22.5k |
| Holowesko Partners Ltd. | Sold out | -20.9k |
| Cambridge Investment Research Advisors, Inc. | Sold out | -12.9k |
| AQR CAPITAL MANAGEMENT LLC | Sold out | -10.9k |
| INTEGRATED CAPITAL MANAGEMENT, INC. | Sold out | -10.2k |
| AQR Arbitrage LLC | Reduced | -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.
| Holder | Stake |
|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 13G · institution +1.4 pts · filed 2026-05-15 | 23.7% |
| GATES FOUNDATION TRUST 13G · passive investor filed 2025-02-14 | 7.7% |
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
| Manager | Shares | Change |
|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 5.37% of their portfolio | 4.0m $57.8m | Added +143.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 1.0m $14.7m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 799.7k $11.7m | Reduced -144.1k |
| 1607 Capital Partners, LLC 0.90% of their portfolio | 765.1k $11.2m | Reduced -48.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 372.1k $5.4m | Added +40.6k |
| Family Firm, Inc. 0.77% of their portfolio | 217.8k $3.2m | Reduced -1.2k |
| Uncommon Cents Investing LLC 0.59% of their portfolio | 150.6k $2.2m | Added +24.9k |
| Integrated Wealth Concepts LLC 0.02% of their portfolio | 138.0k $2.0m | Reduced -6.4k |
| Alexander Randolph Advisory, Inc. 1.73% of their portfolio | 132.0k $1.9m | Added +1.5k |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 131.0k $1.9m | Added +85.0k |
| FLAGSHIP HARBOR ADVISORS, LLC 0.09% of their portfolio | 128.2k $1.9m | Added +12.1k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 113.9k $1.7m | Reduced -1.2k |
| AQR Arbitrage LLC 0.03% of their portfolio | 101.3k $1.5m | Reduced -9.2k |
| MORGAN STANLEY 0.00% of their portfolio | 93.4k $1.4m | Reduced -8.3k |
| Traub Capital Management LLC 1.06% of their portfolio | 78.9k $1.2m | First filing |
| Invesco Ltd. 0.00% of their portfolio | 66.5k $970.0k | Reduced -22.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 60.8k $886.5k | Reduced -3.1k |
| Shaker Financial Services, LLC 0.30% of their portfolio | 56.6k $825.7k | Added +6.1k |
| PARK AVENUE SECURITIES LLC 0.01% of their portfolio | 55.4k $808.0k | Reduced -2.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 54.2k $791.5k | Reduced -4.7k |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 50.1k $731.7k | Reduced -1.3k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.05% of their portfolio | 50.0k $729.5k | Unchanged |
| Saba Capital Management, L.P. 0.02% of their portfolio | 44.9k $654.6k | Unchanged |
| Matisse Capital 0.31% of their portfolio | 44.4k $648.2k | Unchanged |
| Hara Capital LLC 0.28% of their portfolio | 31.0k $451.8k | Unchanged |
| Cresset Asset Management, LLC 0.00% of their portfolio | 27.5k $400.9k | Added +11.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 26.8k $392.0k | Added +12.7k |
| LPL Financial LLC 0.00% of their portfolio | 24.4k $356.0k | Added +1.8k |
| Verition Fund Management LLC 0.00% of their portfolio | 20.1k $293.8k | New |
| Calamos Advisors LLC 0.00% of their portfolio | 19.8k $288.4k | Reduced -1.7k |
| Baltimore-Washington Financial Advisors, Inc. 0.01% of their portfolio | 19.1k $278.4k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.04% of their portfolio | 18.2k $265.8k | Reduced -60 |
| Moloney Securities Asset Management, LLC 0.03% of their portfolio | 16.6k $241.7k | Reduced -131 |
| CSS LLC/IL 0.01% of their portfolio | 15.6k $226.9k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 15.4k $224.2k | Added +5.8k |
| Cetera Investment Advisers 0.00% of their portfolio | 14.7k $214.4k | Reduced -56 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.5k $201.3k | Added +6 |
| ROBERTS GLORE & CO INC /IL/ 0.06% of their portfolio | 13.0k $189.7k | Reduced -550 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 12.2k $178.7k | Unchanged |
| Modern Wealth Management, LLC 0.00% of their portfolio | 11.8k $172.7k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 11.7k $171.3k | Added +1.2k |
| CWM, LLC 0.00% of their portfolio | 10.0k $146.0k | Reduced -887 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 8.8k $127.8k | Reduced -119 |
| Key Financial Inc 0.01% of their portfolio | 4.7k $69.1k | Unchanged |
| SouthState Bank Corp 0.00% of their portfolio | 4.7k $68.5k | Unchanged |
| Hilltop National Bank 0.01% of their portfolio | 2.6k $37.6k | First filing |
| COMERICA BANK 0.00% of their portfolio | 1.5k $22.2k | Added +12 |
| OPTIMUM INVESTMENT ADVISORS 0.01% of their portfolio | 1.1k $16.0k | Unchanged |
| Versant Capital Management, Inc 0.00% of their portfolio | 937 $13.7k | Unchanged |
| Evelyn Partners Investment Management LLP 0.00% of their portfolio | 750 $10.9k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 600 $8.8k | Added +200 |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 316 $4.6k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 258 $3.8k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 212 $3.1k | Added +3 |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 200 $2.9k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 150 $2.2k | Unchanged |
| Kozak & Associates, Inc. 0.00% of their portfolio | 138 $2.1k | Added +2 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 98 $1.4k | First filing |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |