New Positions
11 managers initiated
Top five by reported value
- EVOLVE PRIVATE WEALTH, LLC$782.9K
- Closed-End Fund Advisors, Inc.$541.1K
- Invesco Ltd.$274.5K
- DECISION INVESTMENTS, INC$145.3K
- Focus Partners Wealth$82.6K
abrdn Emerging Markets Ex-China Fund Inc NYSE MKT LLC:AEF
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
11 new14 added37 reduced10 exited
Total Institutional Holders
61
as of 2025-12-31
Top Holder
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD
$79.6M
Largest QoQ Increase
MORGAN STANLEY
+565,887 sh
Largest QoQ Decrease
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD
-623,465 sh
New Positions(11)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| EVOLVE PRIVATE WEALTH, LLC | 109,043 | +109,043 | $782.9K | +$782.9K | — |
| Closed-End Fund Advisors, Inc. | 77,299 | +77,299 | $541.1K | +$541.1K | — |
| Invesco Ltd. | 39,210 | +39,210 | $274.5K | +$274.5K | — |
| DECISION INVESTMENTS, INC | 20,760 | +20,760 | $145.3K | +$145.3K | — |
| Focus Partners Wealth | 11,795 | +11,795 | $82.6K | +$82.6K | — |
| BARD ASSOCIATES INC | 7,971 | +7,971 | $57.2K | +$57.2K | — |
| Global Retirement Partners, LLC | 2,774 | +2,774 | $19.4K | +$19.4K | — |
| Kilter Group LLC | 1,891 | +1,891 | $13.2K | +$13.2K | — |
| Pinnacle Wealth Planning Services, Inc. | 1,075 | +1,075 | $7.5K | +$7.5K | — |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 540 | +540 | $3.8K | +$3.8K | — |
| IFP Advisors, Inc | 364 | +364 | $2.5K | +$2.5K | — |
Added To(14)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MORGAN STANLEY | 1,756,326 | +565,887 | $12.3M | +$4.6M | 47.5% |
| LPL Financial LLC | 143,509 | +108,738 | $1.0M | +$779.2K | 312.7% |
| GUGGENHEIM CAPITAL LLC | 171,690 | +87,965 | $1.2M | +$659.3K | 105.1% |
| BANK OF AMERICA CORP /DE/ | 194,843 | +75,764 | $1.4M | +$592.3K | 63.6% |
| North Ground Capital | 152,370 | +14,332 | $1.1M | +$172.1K | 10.4% |
| Private Advisor Group, LLC | 178,544 | +6,000 | $1.2M | +$131.7K | 3.5% |
| TrueMark Investments, LLC | 97,049 | +2,387 | $679.3K | +$65.9K | 2.5% |
| RAYMOND JAMES FINANCIAL INC | 18,078 | +3,501 | $126.5K | +$32.1K | 24.0% |
| MML INVESTORS SERVICES, LLC | 18,318 | +770 | $128.2K | +$14.5K | 4.4% |
| BLAIR WILLIAM & CO/IL | 16,547 | +14 | $115.8K | +$8.7K | 0.1% |
| Cetera Investment Advisers | 10,398 | +284 | $72.8K | +$7.2K | 2.8% |
| Thomas J. Herzfeld Advisors, Inc. | 2,124 | +130 | $14.9K | +$1.9K | 6.5% |
| WPG Advisers, LLC | 437 | +159 | $3.1K | +$1.3K | 57.2% |
| Penserra Capital Management LLC | 737,157 | +68,199 | $5.2K | +$826 | 10.2% |
Reduced(37)
Sold Out(10)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| ABSOLUTE INVESTMENT ADVISERS LLC | 0 | -175,241 | $0 | -$1.1M | — |
| NATIONAL BANK OF CANADA /FI/ | 0 | -140,524 | $0 | -$910.5K | — |
| Quarry LP | 0 | -82,097 | $0 | -$532.0K | — |
| CSS LLC/IL | 0 | -31,688 | $0 | -$205.3K | — |
| Matisse Capital | 0 | -23,050 | $0 | -$149.4K | — |
| Quantedge Capital Pte Ltd | 0 | -17,000 | $0 | -$110.2K | — |
| Kovitz Investment Group Partners, LLC | 0 | -11,395 | $0 | -$73.8K | — |
| Tortoise Investment Management, LLC | 0 | -2,895 | $0 | -$18.8K | — |
| Larson Financial Group LLC | 0 | -563 | $0 | -$3.6K | — |
| HIGHLINE WEALTH PARTNERS LLC | 0 | -450 | $0 | -$2.9K | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
New & Closed Positions this quarter
Closed Positions
10 managers exited
Top five by prior-quarter value
- ABSOLUTE INVESTMENT ADVISERS LLC$1.1M
- NATIONAL BANK OF CANADA /FI/$910.5K
- Quarry LP$532.0K
- CSS LLC/IL$205.3K
- Matisse Capital$149.4K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for AEF against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.