Who owns AEF
Which tracked institutional funds hold AEF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AEF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
14 tracked funds added or opened AEF while 9 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
AEF’s largest tracked holder by dollar value, CITY OF LONDON INVESTMENT MANAGEMENT CO LTD, sizes it at 6.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AEF divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 59 tracked filers holding AEF, 28 increased or opened the position and 34 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in AEF between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- Steward Partners Investment Advisory, LLC$1M
Full exits 5
- RIVERNORTH CAPITAL MANAGEMENT, LLC$2M
- ENVESTNET ASSET MANAGEMENT INC$1M
- Private Advisor Group, LLC$1M
- TrueMark Investments, LLC$605K
- Alexander Randolph Advisory, Inc.$544K
Largest adds
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$18M
- RAYMOND JAMES FINANCIAL INC$7M
- MORGAN STANLEY$4M
- Allspring Global Investments Holdings, LLC$3M
- LAZARD ASSET MANAGEMENT LLC$2M
- LPL Financial LLC$908K
Largest trims
- 1607 Capital Partners, LLC$1M
- WOLVERINE ASSET MANAGEMENT LLC$515K
- Vanguard Capital Wealth Advisors$494K
- MILLENNIUM MANAGEMENT LLC$288K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed | 10,493,864 | $101M | 48.4% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 2,360,680 | $23M | 10.9% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,749,028 | $17M | 8.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 1,101,112 | $11M | 5.1% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 793,245 | $8M | 3.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 739,497 | $7M | 3.4% | 2026-Q2 |
| Uncommon Cents Investing LLC trimmed | 322,126 | $3M | 1.5% | 2026-Q2 |
| LPL Financial LLC added | 267,064 | $3M | 1.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 218,959 | $2M | 1.0% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC trimmed | 175,891 | $2M | 0.8% | 2026-Q2 |
| Shaker Financial Services, LLC added | 163,459 | $2M | 0.8% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 149,520 | $1M | 0.7% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC new | 145,589 | $1M | 0.7% | 2026-Q2 |
| Vanguard Capital Wealth Advisors trimmed | 120,689 | $1M | 0.6% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 107,573 | $1M | 0.5% | 2026-Q2 |
| Invesco Ltd. added | 71,517 | $687K | 0.3% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 65,480 | $629K | 0.3% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 63,820 | $613K | 0.3% | 2026-Q2 |
| XTX Topco Ltd added | 57,573 | $553K | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 49,906 | $479K | 0.2% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 47,158 | $453K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 40,381 | $388K | 0.2% | 2026-Q2 |
| UHLMANN PRICE SECURITIES, LLC trimmed | 30,688 | $295K | 0.1% | 2026-Q2 |
| Cetera Investment Advisers added | 25,711 | $247K | 0.1% | 2026-Q2 |
| &PARTNERS trimmed | 23,710 | $228K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 23,676 | $227K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 23,190 | $223K | 0.1% | 2026-Q2 |
| DECISION INVESTMENTS, INC added | 21,590 | $207K | 0.1% | 2026-Q2 |
| Abel Hall, LLC new | 20,000 | $192K | 0.1% | 2026-Q2 |
| Clearstead Advisors, LLC | 20,000 | $192K | 0.1% | 2026-Q2 |
| VISTA INVESTMENT PARTNERS II, LLC new | 16,924 | $162K | 0.1% | 2026-Q2 |
| Paragon Capital Management Ltd added | 16,431 | $158K | 0.1% | 2026-Q2 |
| UBS Group AG added | 16,379 | $157K | 0.1% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL trimmed | 15,501 | $149K | 0.1% | 2026-Q2 |
| WESBANCO BANK INC | 14,800 | $142K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 14,156 | $136K | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 14,044 | $135K | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 12,587 | $121K | 0.1% | 2026-Q2 |
| Focus Partners Wealth added | 12,141 | $117K | 0.1% | 2026-Q2 |
| BARD ASSOCIATES INC trimmed | 6,792 | $65K | 0.0% | 2026-Q2 |
| Noble Wealth Management PBC new | 3,570 | $34K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ | 3,395 | $33K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC added | 3,049 | $29K | 0.0% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 2,046 | $20K | 0.0% | 2026-Q2 |
| Pinnacle Wealth Planning Services, Inc. | 1,075 | $10K | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 1,070 | $10K | 0.0% | 2026-Q2 |
| Institute for Wealth Management, LLC. new | 664 | $6K | 0.0% | 2026-Q2 |
| WPG Advisers, LLC trimmed | 464 | $4K | 0.0% | 2026-Q2 |
| Ancora Advisors LLC | 459 | $4K | 0.0% | 2026-Q2 |
| HIGHLINE WEALTH PARTNERS LLC trimmed | 300 | $3K | 0.0% | 2026-Q2 |
| SIGNATUREFD, LLC | 298 | $3K | 0.0% | 2026-Q2 |
| Creative Capital Management Investments LLC | 213 | $2K | 0.0% | 2026-Q2 |
| Axiom Investment Management LLC new | 202 | $2K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc | 182 | $2K | 0.0% | 2026-Q2 |
| Glen Eagle Advisors, LLC | 11 | $105 | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. new | 10 | $96 | 0.0% | 2026-Q2 |
| GABLES CAPITAL MANAGEMENT INC. | 6 | $58 | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC new | 1 | $10 | 0.0% | 2026-Q2 |
| Kilter Group LLC trimmed | 0 | $1 | 0.0% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 252,729 | $2M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 198,699 | $1M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| Private Advisor Group, LLC added | 191,749 | $1M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| TrueMark Investments, LLC trimmed | 82,992 | $605K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Alexander Randolph Advisory, Inc. trimmed | 74,642 | $544K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 28,058 | $205K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| READYSTATE ASSET MANAGEMENT LP trimmed | 27,795 | $203K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Creative Planning added | 19,910 | $145K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| PEAPACK GLADSTONE FINANCIAL CORP | 14,520 | $106K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| MML INVESTORS SERVICES, LLC trimmed | 14,452 | $105K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC | 1,486 | $11K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 540 | $4K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BlackRock, Inc. new | 194 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Root Financial Partners, LLC new | 63 | $459 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Penserra Capital Management LLC added | 737,157 | $5M | 2.5% | 2025-Q4 stale (2 quarters behind) |
| PARK AVENUE SECURITIES LLC trimmed | 195,847 | $1M | 0.7% | 2025-Q4 stale (2 quarters behind) |
| North Ground Capital added | 152,370 | $1M | 0.5% | 2025-Q4 stale (2 quarters behind) |
| Alpine Global Management, LLC added | 100,000 | $700K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| Karpus Management, Inc. trimmed | 40,947 | $287K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Provida Pension Fund Administrator | 19,202 | $134K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 10,067 | $74K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| PNC Financial Services Group, Inc. trimmed | 2,770 | $19K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| ABSOLUTE INVESTMENT ADVISERS, LLC trimmed | 175,241 | $1M | 0.5% | 2025-Q3 stale (3 quarters behind) |
| NATIONAL BANK OF CANADA /FI/ added | 140,524 | $911K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| Quarry LP trimmed | 82,097 | $532K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| CSS LLC/IL trimmed | 31,688 | $205K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Matisse Capital trimmed | 23,050 | $149K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Quantedge Capital Pte Ltd trimmed | 17,000 | $110K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Kovitz Investment Group Partners, LLC added | 11,395 | $74K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Tortoise Investment Management, LLC | 2,895 | $19K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Larson Financial Group LLC added | 563 | $4K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| CIBC Private Wealth Group LLC trimmed | 0 | $3 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Saba Capital Management, L.P. trimmed | 46,174 | $274K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Almitas Capital LLC added | 41,409 | $246K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Yakira Capital Management, Inc. trimmed | 38,862 | $231K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| HighTower Advisors, LLC trimmed | 22,874 | $136K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CITADEL ADVISORS LLC new | 17,796 | $106K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Ameritas Advisory Services, LLC new | 409 | $2K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.