abrdn Emerging Markets ex-China Fund, Inc. (AEF) shareholders
AEFNYSEFiscal year ends December 31
$7.95−0.20 (-2.45%)
Close on Nov 12, 2026Market cap –P/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
20M
Shares held, 13F filers
Institutional holders
59
10 new, 13 sold out
Net institutional buying
-2M
In Q2 2026
Insider trades, 12 months
3 buys · 0 sales
Net bought $73.59K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| City of London Investment Management Company Limited | 9,944,810 | 24.50% | 13G (passive) amendment | Sep 30, 2026 |
| The Charger Corporation Joint filing with First Trust Portfolios L.P. (16.46%), First Trust Advisors L.P. (16.46%) | 6,681,416 | 16.46% | 13G (passive) amendment | Sep 30, 2026 |
| First Trust Portfolios L.P. Joint filing with First Trust Advisors L.P. (14.64%), The Charger Corporation (14.64%) | 5,942,831 | 14.64% | 13G (passive) amendment | Jun 30, 2026 |
| First Trust Advisors L.P. Joint filing with First Trust Portfolios L.P. (12.75%), The Charger Corporation (12.75%) | 5,177,276 | 12.75% | 13G (passive) amendment | Mar 31, 2026 |
| Bill & Melinda Gates Foundation Trust Joint filing with William H. Gates III (5.50%), Melinda French Gates (5.50%) | 2,815,225 | 5.50% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of AEF | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| City Of London Investment Management Co Ltd | 10,493,864 | – | $100.74M | −838,456 | 6.06% |
| Allspring Global Investments Holdings, LLC | 2,360,680 | – | $22.66M | −325,043 | 0.03% |
| Morgan Stanley | 1,749,028 | – | $16.79M | −40,113 | 0.00% |
| Lazard Asset Management LLC | 1,101,112 | – | $10.57M | −11,898 | 0.02% |
| 1607 Capital Partners, LLC | 793,245 | – | $7.62M | −452,984 | 0.66% |
| Raymond James Financial Inc | 739,497 | – | $7.10M | +707,771 | 0.00% |
| Uncommon Cents Investing LLC | 322,126 | – | $3.09M | −300 | 0.67% |
| LPL Financial LLC | 267,064 | – | $2.56M | +39,897 | 0.00% |
| Bank Of America Corp /De/ | 218,959 | – | $2.10M | +49,644 | 0.00% |
| Guggenheim Capital LLC | 175,891 | – | $1.69M | −1,028 | 0.01% |
| Shaker Financial Services, LLC | 163,459 | – | $1.57M | +6,000 | 0.49% |
| Public Employees Retirement System Of Ohio | 149,520 | – | $1.44M | – | 0.00% |
| Steward Partners Investment Advisory, LLC | 145,589 | – | $1.40M | New | 0.01% |
| Vanguard Capital Wealth Advisors | 120,689 | – | $1.16M | −106,005 | 0.78% |
| Evolve Private Wealth, LLC | 107,573 | – | $1.03M | −4,938 | 0.06% |
| Invesco Ltd. | 71,517 | – | $686.56K | +26,852 | 0.00% |
| Wolverine Asset Management LLC | 65,480 | – | $628.61K | −91,361 | 0.01% |
| Closed-End Fund Advisors, Inc. | 63,820 | – | $612.67K | −11,208 | 0.60% |
| XTX Topco Ltd | 57,573 | – | $552.70K | +44,420 | 0.01% |
| Commonwealth Equity Services, LLC | 49,906 | – | $479.10K | −14,682 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 59 | 20M | 10 / 18 | 19 / 13 | 1M | 3M |
| Q1 2026 | 63 | 21M | 9 / 19 | 22 / 7 | 1M | 3M |
| Q4 2025 | 62 | 23M | 9 / 15 | 22 / 10 | 1M | 2M |
| Q3 2025 | 63 | 24M | 8 / 18 | 25 / 9 | 1M | 3M |
| Q2 2025 | 64 | 26M | 8 / 22 | 21 / 6 | 1M | 2M |
| Q1 2025 | 62 | 27M | 14 / 15 | 26 / 9 | 3M | 12M |
| Q4 2024 | 57 | 36M | 12 / 12 | 16 / 3 | 2M | 2M |
| Q3 2024 | 49 | 36M | 5 / 19 | 9 / 6 | 2M | 1M |
| Q2 2024 | 50 | 35M | 9 / 16 | 11 / 5 | 2M | 1M |
| Q1 2024 | 46 | 34M | 4 / 12 | 15 / 6 | 1M | 1M |
| Q4 2023 | 48 | 34M | 6 / 13 | 15 / 6 | 2M | 1M |
| Q3 2023 | 48 | 33M | 2 / 13 | 14 / 2 | 1M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
8 funds held AEF in Q3 2025, 12% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of AEF | Value | % of fund | As of |
|---|---|---|---|---|---|
| The Emerging Markets Portfolio | 415,424 | – | $3.99M | 0.46% | Jun 30, 2026 |
| Modern Capital Tactical Income Fund | 323,081 | – | $3.10M | 4.57% | Jun 30, 2026 |
| Multi-Hedge Strategies Fund | 528 | – | $5.07K | 0.02% | Jun 30, 2026 |
| Guggenheim Multi-Hedge Strategies Fund | 187 | – | $1.80K | 0.02% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Heather Carter Reilly | Vice President | – | Dec 19, 2025 |
| Kolotioloma Silue | Vice President | – | Dec 20, 2024 |
| Anthony S. Clark | Director | 8,000 | Oct 6, 2026 |
| Nancy Yao | Director | 2,000 | Jun 11, 2025 |
| Steven N. Rappaport | Director | 83,197 | Mar 6, 2025 |
| Parker Webb Wertz | – | – | Apr 30, 2026 |
| Mandy Louise Rawlinson | – | – | Sep 2, 2025 |
| Aron Mitchell | – | – | Aug 20, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Anthony S. Clark Director | Oct 5, 2026 | Buy | +2,000 | $9.73 | $19.45K | 8,000 |
| Anthony S. Clark Director | Sep 24, 2026 | Buy | +4,500 | $9.63 | $43.34K | 6,000 |
| Anthony S. Clark Director | Dec 30, 2025 | Buy | +1,500 | $7.20 | $10.80K | 1,500 |
| Nancy Yao Director | May 12, 2025 | Buy | +1,000 | $5.40 | $5.40K | 2,000 |
| Steven N. Rappaport Director | Feb 27, 2025 | Returned to company | −31,757 | $6.07 | $192.76K | 83,197 |
| Bill Maher Director | Aug 23, 2024 | Buy | +931 | $5.37 | $5.00K | 14,963 |
| Bill Maher Director | Aug 14, 2024 | Buy | +1,000 | $5.25 | $5.25K | 14,032 |
| Rahn K. Porter Director | Apr 26, 2021 | Buy | +5,793 | $8.64 | $50.05K | 10,608 |
| Bill Maher Director | Apr 22, 2021 | Buy | +7,000 | $8.59 | $60.13K | 12,353 |
| Bill Maher Director | Apr 20, 2021 | Sale | −7,000 | $8.59 | $60.13K | 5,353 |
| Bill Maher Director | Apr 19, 2021 | Buy | +7,000 | $8.68 | $60.76K | 12,353 |
| Lawrence Joseph Fox Director | Jun 18, 2019 | Sale | −18,383 | $7.86 | $144.49K | 61,339 |
| Nancy Yao Director | Oct 22, 2018 | Buy | +100 | $6.46 | $646 | 1,000 |
| Nancy Yao Director | Oct 11, 2018 | Buy | +400 | $6.44 | $2.58K | 900 |
| Nancy Yao Director | Sep 10, 2018 | Buy | +500 | $6.55 | $3.28K | 500 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −375,465 | $7.90 | $2.97M | 474,875 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −895,107 | $7.90 | $7.07M | 1,132,098 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −783,204 | $7.90 | $6.19M | 990,566 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −5,227,679 | $7.90 | $41.30M | 6,611,774 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −237,894 | $7.90 | $1.88M | 300,880 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −177,975 | $7.90 | $1.41M | 225,096 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −216,937 | $7.90 | $1.71M | 274,374 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −858,726 | $7.90 | $6.78M | 1,086,085 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −665,066 | $7.90 | $5.25M | 841,151 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −427,555 | $7.90 | $3.38M | 540,755 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −787,537 | $7.90 | $6.22M | 996,046 |
| Of London Investment Group Plc City 10% owner | Jun 27, 2018 | Sale | −544,173 | $7.90 | $4.30M | 688,249 |
| Of London Investment Group Plc City 10% owner | Jun 1, 2018 | Buy | +11,455 | $8.65 | $99.09K | 1,944,811 |
| Of London Investment Group Plc City 10% owner | Jun 1, 2018 | Buy | +35,000 | $8.65 | $302.75K | 11,839,453 |
| Of London Investment Management Co Ltd City 10% owner | May 31, 2018 | Buy | +25,000 | $8.58 | $214.50K | 538,774 |
| Of London Investment Management Co Ltd City 10% owner | May 31, 2018 | Buy | +150,200 | $8.58 | $1.29M | 1,933,356 |
| Of London Investment Management Co Ltd City 10% owner | May 29, 2018 | Buy | +165,518 | $8.49 | $1.41M | 2,027,205 |
| Of London Investment Management Co Ltd City 10% owner | May 29, 2018 | Buy | +66,207 | $8.49 | $562.10K | 1,783,583 |
| Of London Investment Management Co Ltd City 10% owner | May 29, 2018 | Buy | +28,375 | $8.49 | $240.90K | 513,774 |
| Of London Investment Management Co Ltd City 10% owner | May 23, 2018 | Buy | +25,600 | $8.66 | $221.70K | 485,399 |
| Of London Investment Management Co Ltd City 10% owner | May 17, 2018 | Buy | +16,446 | $8.76 | $144.07K | 11,804,450 |
| Of London Investment Management Co Ltd City 10% owner | May 17, 2018 | Buy | +11,110 | $8.76 | $97.32K | 459,799 |
| Of London Investment Management Co Ltd City 10% owner | May 17, 2018 | Buy | +66,940 | $8.76 | $586.39K | 1,717,376 |
| Of London Investment Group Plc City 10% owner | May 16, 2018 | Buy | +52,000 | $8.87 | $461.24K | 1,783,156 |
| Of London Investment Group Plc City 10% owner | May 16, 2018 | Buy | +52,000 | $8.87 | $461.24K | 1,650,436 |
| Of London Investment Group Plc City 10% owner | May 16, 2018 | Buy | +36,400 | $8.87 | $322.87K | 11,788,004 |
| Of London Investment Group Plc City 10% owner | May 16, 2018 | Buy | +52,000 | $8.87 | $461.24K | 1,861,687 |
| Of London Investment Group Plc City 10% owner | May 16, 2018 | Buy | +31,200 | $8.87 | $276.74K | 448,689 |
| Of London Investment Management Co Ltd City 10% owner | May 15, 2018 | Buy | +62,101 | $8.80 | $546.49K | 1,731,156 |
| Of London Investment Group Plc City 10% owner | May 10, 2018 | Sale | −29,858 | $8.87 | $264.84K | 0 |
| Of London Investment Group Plc City 10% owner | May 10, 2018 | Sale | −196,678 | $8.87 | $1.74M | 0 |
| Of London Investment Group Plc City 10% owner | May 10, 2018 | Sale | −98,370 | $8.87 | $872.54K | 11,751,604 |
| Of London Investment Management Co Ltd City 10% owner | May 9, 2018 | Sale | −11,164 | $8.80 | $98.24K | 11,849,974 |
| Of London Investment Management Co Ltd City 10% owner | May 9, 2018 | Sale | −3,406 | $8.80 | $29.97K | 29,858 |
| Of London Investment Management Co Ltd City 10% owner | May 9, 2018 | Sale | −22,530 | $8.80 | $198.26K | 196,678 |
| Of London Investment Management Co Ltd City 10% owner | May 8, 2018 | Sale | −12,151 | $8.77 | $106.56K | 33,264 |
| Of London Investment Management Co Ltd City 10% owner | May 8, 2018 | Sale | −37,638 | $8.77 | $330.09K | 11,861,138 |
| Of London Investment Management Co Ltd City 10% owner | May 8, 2018 | Sale | −11,320 | $8.77 | $99.28K | 219,208 |
| Of London Investment Group Plc City 10% owner | May 7, 2018 | Sale | −301 | $8.84 | $2.66K | 45,415 |
| Of London Investment Management Co Ltd City 10% owner | May 3, 2018 | Sale | −30,269 | $8.88 | $268.79K | 230,528 |
| Of London Investment Management Co Ltd City 10% owner | May 3, 2018 | Sale | −4,594 | $8.88 | $40.79K | 45,716 |
| Of London Investment Management Co Ltd City 10% owner | May 3, 2018 | Sale | −18,481 | $8.88 | $164.11K | 11,898,776 |
| Of London Investment Group Plc City 10% owner | May 2, 2018 | Sale | −63,400 | $8.98 | $569.33K | 11,917,257 |
| Of London Investment Group Plc City 10% owner | May 2, 2018 | Sale | −1,700 | $8.98 | $15.27K | 50,310 |
| Lawrence Joseph Fox Director | Apr 27, 2018 | Other | +17,104 | – | – | 72,956 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
–
0M shares short
Days to cover
1.0
At 0M shares a day
Change since last report
-43.6%
From 0M shares
Short volume, 20 days
46.9%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of abrdn Emerging Markets ex-China Fund's stock actually held short. Settlement fails (shares not delivered on time) peaked at 19,922 shares on Sep 18, 2026 over the last 90 days.
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