Who owns EMF (EMF)
Which tracked institutional funds hold EMF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See EMF company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
7 tracked funds added or opened EMF while 8 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
EMF’s largest tracked holder by dollar value, CITY OF LONDON INVESTMENT MANAGEMENT CO LTD, sizes it at 4.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in EMF 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 2025-Q4 and 2026-Q1, across 56 tracked filers holding EMF, 19 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 EMF between the 2025-Q4 and 2026-Q1 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 3
- GREAT VALLEY ADVISOR GROUP, INC.$17M
- WOLVERINE ASSET MANAGEMENT LLC$812K
- Visionary Wealth Advisors$597K
Full exits 2
- Shaker Financial Services, LLC$1M
- AQR Arbitrage LLC$1M
Largest adds
- Cambridge Investment Research Advisors, Inc.$1M
- Steward Partners Investment Advisory, LLC$1M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$499K
- FLAGSHIP HARBOR ADVISORS, LLC$270K
Largest trims
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$9M
- STATE OF WISCONSIN INVESTMENT BOARD$6M
- 1607 Capital Partners, LLC$3M
- BANK OF AMERICA CORP /DE/$3M
- Beacon Pointe Advisors, LLC$952K
- Traub Capital Management LLC$457K
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 | 3,541,856 | $62M | 39.2% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. new | 969,379 | $17M | 10.7% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 650,000 | $11M | 7.2% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 550,476 | $10M | 6.1% | 2026-Q1 |
| 1607 Capital Partners, LLC trimmed | 437,936 | $8M | 4.8% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 266,286 | $5M | 2.9% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 198,873 | $3M | 2.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 169,568 | $3M | 1.9% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 167,752 | $3M | 1.9% | 2026-Q1 |
| Uncommon Cents Investing LLC added | 164,458 | $3M | 1.8% | 2026-Q1 |
| Beacon Pointe Advisors, LLC trimmed | 143,541 | $3M | 1.6% | 2026-Q1 |
| Alexander Randolph Advisory, Inc. trimmed | 103,413 | $2M | 1.1% | 2026-Q1 |
| MORGAN STANLEY added | 98,764 | $2M | 1.1% | 2026-Q1 |
| Integrated Wealth Concepts LLC trimmed | 97,191 | $2M | 1.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 88,119 | $2M | 1.0% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 62,955 | $1M | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 52,917 | $926K | 0.6% | 2026-Q1 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | 50,000 | $874K | 0.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 48,914 | $856K | 0.5% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 46,446 | $812K | 0.5% | 2026-Q1 |
| Capital Investment Advisors, LLC | 46,400 | $812K | 0.5% | 2026-Q1 |
| Calamos Advisors LLC added | 45,191 | $790K | 0.5% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 43,216 | $756K | 0.5% | 2026-Q1 |
| Traub Capital Management LLC trimmed | 35,755 | $625K | 0.4% | 2026-Q1 |
| Visionary Wealth Advisors new | 34,111 | $597K | 0.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 31,823 | $557K | 0.4% | 2026-Q1 |
| LPL Financial LLC trimmed | 29,147 | $510K | 0.3% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 28,319 | $495K | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 24,111 | $422K | 0.3% | 2026-Q1 |
| Cetera Investment Advisers added | 22,096 | $386K | 0.2% | 2026-Q1 |
| Baltimore-Washington Financial Advisors, Inc. | 19,081 | $334K | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 18,722 | $327K | 0.2% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 18,218 | $319K | 0.2% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. | 17,991 | $315K | 0.2% | 2026-Q1 |
| Cresset Asset Management, LLC trimmed | 16,485 | $288K | 0.2% | 2026-Q1 |
| ROBERTS GLORE & CO INC /IL/ | 13,000 | $227K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 12,965 | $227K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 12,642 | $221K | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS | 12,245 | $214K | 0.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC trimmed | 10,746 | $188K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC new | 10,345 | $181K | 0.1% | 2026-Q1 |
| CWM, LLC trimmed | 6,744 | $118K | 0.1% | 2026-Q1 |
| Key Financial Inc | 4,736 | $83K | 0.1% | 2026-Q1 |
| SouthState Bank Corp | 4,697 | $82K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 2,843 | $50K | 0.0% | 2026-Q1 |
| Hilltop National Bank | 2,579 | $45K | 0.0% | 2026-Q1 |
| Hara Capital LLC trimmed | 2,500 | $44K | 0.0% | 2026-Q1 |
| UBS Group AG trimmed | 2,220 | $39K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 1,500 | $26K | 0.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 800 | $14K | 0.0% | 2026-Q1 |
| Evelyn Partners Investment Management LLP | 750 | $13K | 0.0% | 2026-Q1 |
| Kilter Group LLC trimmed | 701 | $12K | 0.0% | 2026-Q1 |
| Thomas J. Herzfeld Advisors, Inc. trimmed | 429 | $8K | 0.0% | 2026-Q1 |
| HOLLENCREST CAPITAL MANAGEMENT | 200 | $3K | 0.0% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ | 150 | $3K | 0.0% | 2026-Q1 |
| Kozak & Associates, Inc. trimmed | 129 | $2K | 0.0% | 2026-Q1 |
| Family Firm, Inc. trimmed | 217,772 | $3M | 2.0% | 2025-Q2 stale |
| Shaker Financial Services, LLC trimmed | 65,060 | $1M | 0.7% | 2025-Q4 stale |
| AQR Arbitrage LLC trimmed | 61,016 | $1M | 0.7% | 2025-Q4 stale |
| Saba Capital Management, L.P. | 44,869 | $751K | 0.5% | 2025-Q3 stale |
| Matisse Capital trimmed | 44,136 | $739K | 0.5% | 2025-Q3 stale |
| Murphy, Middleton, Hinkle & Parker, Inc. new | 3,000 | $497K | 0.3% | 2025-Q4 stale |
| Almitas Capital LLC | 38,021 | $489K | 0.3% | 2025-Q1 stale |
| Logan Stone Capital, LLC trimmed | 34,289 | $441K | 0.3% | 2025-Q1 stale |
| Verition Fund Management LLC new | 20,139 | $294K | 0.2% | 2025-Q2 stale |
| Holowesko Partners Ltd. | 20,859 | $268K | 0.2% | 2025-Q1 stale |
| Moloney Securities Asset Management, LLC trimmed | 15,049 | $252K | 0.2% | 2025-Q3 stale |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 13,570 | $243K | 0.2% | 2025-Q4 stale |
| HighTower Advisors, LLC trimmed | 12,406 | $211K | 0.1% | 2025-Q4 stale |
| CSS LLC/IL trimmed | 12,149 | $203K | 0.1% | 2025-Q3 stale |
| Modern Wealth Management, LLC trimmed | 11,280 | $192K | 0.1% | 2025-Q4 stale |
| AQR CAPITAL MANAGEMENT LLC new | 10,866 | $140K | 0.1% | 2025-Q1 stale |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 10,180 | $131K | 0.1% | 2025-Q1 stale |
| COMERICA BANK trimmed | 1,500 | $26K | 0.0% | 2025-Q4 stale |
| IFP Advisors, Inc added | 1,101 | $18K | 0.0% | 2025-Q3 stale |
| OPTIMUM INVESTMENT ADVISORS | 1,100 | $18K | 0.0% | 2025-Q3 stale |
| Versant Capital Management, Inc | 937 | $16K | 0.0% | 2025-Q4 stale |
| FNY Investment Advisers, LLC trimmed | 897 | $11K | 0.0% | 2025-Q1 stale |
| Cape Investment Advisory, Inc. | 316 | $5K | 0.0% | 2025-Q4 stale |
| NewEdge Advisors, LLC | 258 | $4K | 0.0% | 2025-Q4 stale |
| Global Retirement Partners, LLC | 98 | $2K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
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.