Who owns 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-Q2 13F filings (latest filed 2026-08-18). 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
The tracked-fund tape on EMF is one-sided between 2026-Q1 and 2026-Q2: 21 added or opened and 4 trimmed or exited — on balance accumulating.
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 5.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.1pp 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 2026-Q1 and 2026-Q2, across 60 tracked filers holding EMF, 30 increased or opened the position and 23 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 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.
Full exits 3
- Cambridge Investment Research Advisors, Inc.$2M
- WOLVERINE ASSET MANAGEMENT LLC$812K
- PARK AVENUE SECURITIES LLC$756K
Largest adds
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$22M
- GREAT VALLEY ADVISOR GROUP, INC.$6M
- STATE OF WISCONSIN INVESTMENT BOARD$4M
- OSAIC HOLDINGS, INC.$3M
- Allspring Global Investments Holdings, LLC$2M
- FLAGSHIP HARBOR ADVISORS, LLC$2M
Largest trims
- BANK OF AMERICA CORP /DE/$975K
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 added | 3,622,966 | $84M | 40.6% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 1,006,603 | $23M | 11.3% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD | 650,000 | $15M | 7.3% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 493,908 | $11M | 5.5% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 381,799 | $9M | 4.3% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 269,570 | $6M | 3.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 208,889 | $5M | 2.3% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 201,222 | $5M | 2.3% | 2026-Q2 |
| Uncommon Cents Investing LLC added | 168,598 | $4M | 1.9% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 123,974 | $3M | 1.4% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 113,432 | $3M | 1.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 108,123 | $3M | 1.2% | 2026-Q2 |
| MORGAN STANLEY added | 101,468 | $2M | 1.1% | 2026-Q2 |
| Alexander Randolph Advisory, Inc. trimmed | 95,804 | $2M | 1.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC trimmed | 93,619 | $2M | 1.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 85,723 | $2M | 1.0% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 62,955 | $1M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 52,833 | $1M | 0.6% | 2026-Q2 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | 50,000 | $1M | 0.6% | 2026-Q2 |
| Visionary Wealth Advisors added | 48,580 | $1M | 0.5% | 2026-Q2 |
| Capital Investment Advisors, LLC trimmed | 43,900 | $1M | 0.5% | 2026-Q2 |
| Calamos Advisors LLC trimmed | 40,216 | $934K | 0.5% | 2026-Q2 |
| Invesco Ltd. added | 39,132 | $909K | 0.4% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 33,570 | $780K | 0.4% | 2026-Q2 |
| LPL Financial LLC added | 33,015 | $767K | 0.4% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 28,105 | $653K | 0.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 25,213 | $585K | 0.3% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 23,779 | $552K | 0.3% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 19,955 | $463K | 0.2% | 2026-Q2 |
| Cresset Asset Management, LLC added | 19,893 | $462K | 0.2% | 2026-Q2 |
| Traub Capital Management LLC trimmed | 19,379 | $450K | 0.2% | 2026-Q2 |
| Baltimore-Washington Financial Advisors, Inc. | 19,081 | $443K | 0.2% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 18,218 | $423K | 0.2% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 17,672 | $410K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 12,691 | $295K | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS | 12,245 | $284K | 0.1% | 2026-Q2 |
| ROBERTS GLORE & CO INC /IL/ trimmed | 11,365 | $264K | 0.1% | 2026-Q2 |
| XTX Topco Ltd new | 11,353 | $264K | 0.1% | 2026-Q2 |
| Key Financial Inc | 4,736 | $110K | 0.1% | 2026-Q2 |
| SouthState Bank Corp | 4,697 | $109K | 0.1% | 2026-Q2 |
| Hilltop National Bank | 2,579 | $60K | 0.0% | 2026-Q2 |
| Hara Capital LLC | 2,500 | $58K | 0.0% | 2026-Q2 |
| UBS Group AG | 2,220 | $52K | 0.0% | 2026-Q2 |
| Arax Advisory Partners new | 1,539 | $36K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP | 1,500 | $35K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. new | 1,000 | $23K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 844 | $19K | 0.0% | 2026-Q2 |
| Evelyn Partners Group Ltd new | 750 | $17K | 0.0% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC new | 700 | $16K | 0.0% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 649 | $15K | 0.0% | 2026-Q2 |
| ASSETMARK, INC new | 613 | $14K | 0.0% | 2026-Q2 |
| TRUST CO OF VERMONT new | 450 | $10K | 0.0% | 2026-Q2 |
| Cape Investment Advisory, Inc. | 316 | $7K | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 201 | $5K | 0.0% | 2026-Q2 |
| HOLLENCREST CAPITAL MANAGEMENT | 200 | $5K | 0.0% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ | 150 | $3K | 0.0% | 2026-Q2 |
| Kozak & Associates, Inc. added | 131 | $3K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC | 98 | $2K | 0.0% | 2026-Q2 |
| Institute for Wealth Management, LLC. new | 40 | $929 | 0.0% | 2026-Q2 |
| Kilter Group LLC trimmed | 0 | $9 | 0.0% | 2026-Q2 |
| Cambridge Investment Research Advisors, Inc. added | 88,119 | $2M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 46,446 | $812K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| PARK AVENUE SECURITIES LLC trimmed | 43,216 | $756K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 12,642 | $221K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC new | 10,345 | $181K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC trimmed | 6,744 | $118K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Shaker Financial Services, LLC trimmed | 65,060 | $1M | 0.5% | 2025-Q4 stale (2 quarters behind) |
| AQR Arbitrage LLC trimmed | 61,016 | $1M | 0.5% | 2025-Q4 stale (2 quarters behind) |
| Murphy, Middleton, Hinkle & Parker, Inc. new | 3,000 | $497K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 13,570 | $243K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| HighTower Advisors, LLC trimmed | 12,406 | $211K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Modern Wealth Management, LLC trimmed | 11,280 | $192K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK trimmed | 1,500 | $26K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Versant Capital Management, Inc | 937 | $16K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Saba Capital Management, L.P. | 44,869 | $751K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| Matisse Capital trimmed | 44,136 | $739K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| Moloney Securities Asset Management, LLC trimmed | 15,049 | $252K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| CSS LLC/IL trimmed | 12,149 | $203K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| IFP Advisors, Inc added | 1,101 | $18K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| OPTIMUM INVESTMENT ADVISORS | 1,100 | $18K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Family Firm, Inc. trimmed | 217,772 | $3M | 1.5% | 2025-Q2 stale (4 quarters behind) |
| Verition Fund Management LLC new | 20,139 | $294K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
1 parent filing withheld from the table above, and from the coverage figures, to avoid listing one book twice: Evelyn Partners Investment Management LLP (last filed 2026-Q1, 750 shares) reconciles to its 1 current affiliate (750 shares) — 0.000% apart.
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.