Vault-13

KRANESHARES TRUST KWEB

CSI CHI INTERNET · ETP · CUSIP 500767306

258 institutional holders -30 vs Q1 2023
98,891,92998.9m shares reported held*
$2.7bnreported value*
37 new 60 added 102 reduced 68 sold out net sold ≈ $228.0m (-8.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.92. Options: 44 managers hold calls ($1.0bn notional), 23 hold puts ($289.8m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 263Q4 22: 271Q1 23: 288Q2 23: 258258Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022263
Q4 2022271
Q1 2023288
Q2 2023258

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 133 bought or addedQ4 22: 157 cut or sold outQ4 22Q1 23: 166 bought or addedQ1 23: 133 cut or sold outQ1 23Q2 23: 97 bought or addedQ2 23: 170 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022133157
Q1 2023166133
Q2 202397170

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bnQ3 22 calls: $1.9bnQ3 22 puts: $412.5mQ3 22P/C 0.22Q4 22 calls: $2.4bnQ4 22 puts: $488.6mQ4 22P/C 0.20Q1 23 calls: $2.0bnQ1 23 puts: $435.2mQ1 23P/C 0.22Q2 23 calls: $1.0bnQ2 23 puts: $289.8mQ2 23P/C 0.28
Numbers
QuarterCallsPutsP/C
Q3 2022$1.9bn$412.5m0.22
Q4 2022$2.4bn$488.6m0.20
Q1 2023$2.0bn$435.2m0.22
Q2 2023$1.0bn$289.8m0.28

Biggest buyers

JANE STREET GROUP, LLC Added +6,915,218+6.9m
L1 Capital Pty Ltd New +3,065,130+3.1m
MEITAV INVESTMENT HOUSE LTD Added +1,810,672+1.8m
APPALOOSA LP New +1,600,000+1.6m
BNP PARIBAS FINANCIAL MARKETS Added +1,346,488+1.3m
COMPASS ROSE ASSET MANAGEMENT, LP New +1,265,000+1.3m
Krane Funds Advisors LLC Added +1,149,300+1.1m
BANK OF MONTREAL /CAN/ Added +438,312+438.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +392,267+392.3k
SOROS FUND MANAGEMENT LLC Added +350,000+350.0k

Biggest sellers

MORGAN STANLEY Reduced -4,457,214-4.5m
MARSHALL WACE, LLP Reduced -2,042,052-2.0m
BlackRock Inc. Sold out -1,991,542-2.0m
NWI MANAGEMENT LP Sold out -1,800,000-1.8m
LMR Partners LLP Sold out -1,450,000-1.4m
Varma Mutual Pension Insurance Co Sold out -1,222,688-1.2m
CITADEL ADVISORS LLC Reduced -1,137,569-1.1m
MENORA MIVTACHIM HOLDINGS LTD. Reduced -1,128,549-1.1m
GOLDMAN SACHS GROUP INC Reduced -1,117,786-1.1m
BANK OF AMERICA CORP /DE/ Reduced -956,649-956.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $214.1m7.9m shares
UBS Group AG Added $133.8m5.0m shares
JANE STREET GROUP, LLC Reduced $97.9m3.6m shares
BANK OF AMERICA CORP /DE/ Added $94.5m3.5m shares
SIMPLEX TRADING, LLC Reduced $70.4m2.6m shares
CITADEL ADVISORS LLC Added $63.1m2.3m shares
JPMORGAN CHASE & CO Added $58.7m2.2m shares
MILLENNIUM MANAGEMENT LLC Added $42.1m1.6m shares
Twin Tree Management, LP Reduced $41.8m1.6m shares
IMC-Chicago, LLC Reduced $33.8m1.3m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $84.3m3.1m shares
CITADEL ADVISORS LLC Reduced $52.9m2.0m shares
UBS Group AG Added $40.4m1.5m shares
WOLVERINE TRADING, LLC Reduced $16.2m603.6k shares
Parallax Volatility Advisers, L.P. Reduced $14.2m526.9k shares
MARSHALL WACE, LLP Reduced $13.4m496.8k shares
Walleye Trading LLC Added $12.9m478.2k shares
BANK OF AMERICA CORP /DE/ Unchanged $12.1m450.0k shares
MILLENNIUM MANAGEMENT LLC Added $10.0m372.4k shares
GOLDMAN SACHS GROUP INC Reduced $6.4m239.4k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.37% of their portfolio NEW YORK, NY 10,205,29810.2m $274.8m $274.8m 0.37% Added +6.9m +6,915,218
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 7,053,0477.1m $189.9m $189.9m 0.02% Reduced -4.5m -4,457,214
3 Rafferty Asset Management, LLC 0.89% of their portfolio New York, NY 5,859,6345.9m $157.8m $157.8m 0.89% Added +173.0k +173,018
4 UBS Group AG 0.06% of their portfolio ZURICH, V8 5,342,0855.3m $143.9m $143.9m 0.06% Reduced -255.9k -255,864
5 CITIGROUP INC 0.16% of their portfolio NEW YORK, NY 4,712,5744.7m $126.9m $126.9m 0.16% Reduced -896.2k -896,204
6 Alaska Permanent Fund Corp 2.47% of their portfolio JUNEAU, AK 4,666,0184.7m $125.7m $125.7m 2.47% First filing
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,467,1344.5m $120.3m $120.3m 0.01% Reduced -956.6k -956,649
8 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 3,757,8883.8m $101.2m $101.2m 0.03% Reduced -1.1m -1,117,786
9 MEITAV INVESTMENT HOUSE LTD 0.78% of their portfolio BENE-BERAQ, L3 3,621,3443.6m $97.0m $97.0m 0.78% Added +1.8m +1,810,672
10 BNP PARIBAS FINANCIAL MARKETS 0.17% of their portfolio PARIS, I0 3,251,2203.3m $87.6m $87.6m 0.17% Added +1.3m +1,346,488
11 L1 Capital Pty Ltd 9.93% of their portfolio MELBOURNE VIC 3000, C3 3,065,1303.1m $82.5m $82.5m 9.93% New
12 Segantii Capital Management Ltd 4.49% of their portfolio HONG KONG, K3 2,845,0002.8m $76.3m $76.3m 4.49% Reduced -351.7k -351,739
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio BALA CYNWYD, PA 1,813,2911.8m $48.8m $48.8m 0.08% Added +392.3k +392,267
14 APPALOOSA LP 0.80% of their portfolio Short Hills, NJ 1,600,0001.6m $43.1m $43.1m 0.80% New
15 NAN FUNG TRINITY (HK) LTD 9.93% of their portfolio CENTRAL, HONG KONG, K3 1,494,7001.5m $40.3m $40.3m 9.93% Unchanged
16 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 1,487,3391.5m $40.1m $40.1m 0.03% Added +79.2k +79,187
17 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 1,436,9511.4m $42.7m $42.7m 0.02% Added +438.3k +438,312
18 Clal Insurance Enterprises Holdings Ltd 0.43% of their portfolio Tel-aviv, L3 1,330,0001.3m $35.8m $35.8m 0.43% Unchanged
19 Krane Funds Advisors LLC 1.88% of their portfolio NEW YORK, NY 1,327,4681.3m $35.7m $35.7m 1.88% Added +1.1m +1,149,300
20 Axim Planning & Wealth 31.23% of their portfolio SPRINGBORO, OH 1,290,7751.3m $34.8m $34.8m 31.23% Reduced -23.9k -23,900
21 COMPASS ROSE ASSET MANAGEMENT, LP 42.03% of their portfolio New York, NY 1,265,0001.3m $34.1m $34.1m 42.03% New
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,180,8221.2m $31.8m $31.8m 0.00% Added +310.1k +310,052
23 SOROS FUND MANAGEMENT LLC 0.68% of their portfolio NEW YORK, NY 1,167,8211.2m $31.4m $31.4m 0.68% Added +350.0k +350,000
24 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 2.08% of their portfolio Tel Aviv, L3 1,087,7291.1m $29.3m $29.3m 2.08% Unchanged
25 Temasek Holdings (Private) Ltd 0.17% of their portfolio SINGAPORE, U0 1,063,4401.1m $28.6m $28.6m 0.17% Unchanged
26 Mandatum Life Insurance Co Ltd 11.17% of their portfolio HELSINKI, H9 1,003,5921.0m $27.0m $27.0m 11.17% Added +10.7k +10,700
27 Hudson Bay Capital Management LP 0.27% of their portfolio STAMFORD, CT 1,000,0001.0m $26.9m $26.9m 0.27% Unchanged
28 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 905,335905.3k $24.4m $24.4m 0.05% Reduced -2.0m -2,042,052
29 NewEdge Wealth, LLC 0.74% of their portfolio STAMFORD, CT 821,898821.9k $22.1m $22.1m 0.74% Added +10.2k +10,159
30 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 799,846799.8k $21.5m $21.5m 0.01% Added +51.4k +51,392
31 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 763,744763.7k $20.6m $20.6m 0.02% Reduced -418.5k -418,467
32 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 665,054665.1k $17.9m $17.9m 0.01% Reduced -160.3k -160,304
33 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 644,167644.2k $17.3m $17.3m 0.02% Reduced -206.7k -206,651
34 BANK OF NOVA SCOTIA 0.04% of their portfolio TORONTO, A6 635,930635.9k $17.1m $17.1m 0.04% Reduced -834.7k -834,723
35 Twin Tree Management, LP 0.34% of their portfolio DALLAS, TX 618,334618.3k $16.7m $16.7m 0.34% Added +283.8k +283,759
36 SIMPLEX TRADING, LLC 0.61% of their portfolio CHICAGO, IL 537,540537.5k $14.5m $14.5m 0.61% Reduced -444.6k -444,570
37 Parallax Volatility Advisers, L.P. 0.49% of their portfolio San Francisco, CA 534,089534.1k $14.4m $14.4m 0.49% Added +195.8k +195,809
38 Main Management ETF Advisors, LLC 1.02% of their portfolio SAN FRANCISCO, CA 520,575520.6k $14.0m $14.0m 1.02% Reduced -124.6k -124,610
39 WOLVERINE TRADING, LLC 0.18% of their portfolio CHICAGO, IL 512,734512.7k $13.8m $13.8m 0.18% Added +72.6k +72,629
40 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 504,898504.9k $13.6m $13.6m 0.01% Reduced -46.4k -46,417
41 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 459,331459.3k $12.4m $12.4m 0.01% Reduced -1.1m -1,137,569
42 KADENSA CAPITAL Ltd 1.95% of their portfolio CENTRAL, K3 412,019412.0k $11.1m $11.1m 1.95% Added +59.6k +59,603
43 Simplicity Solutions, LLC 0.28% of their portfolio MINNEAPOLIS, MN 385,187385.2k $10.4m $10.4m 0.28% Reduced -108 -108
44 Bleakley Financial Group, LLC 0.32% of their portfolio PARSIPPANY, NJ 385,187385.2k $10.4m $10.4m 0.32% Reduced -108 -108
45 STRS OHIO 0.04% of their portfolio COLUMBUS, OH 384,600384.6k $10.4m $10.4m 0.04% Reduced -769.2k -769,200
46 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.99% of their portfolio Tel Aviv, L3 358,744358.7k $9.7m $9.7m 1.99% Unchanged
47 Isomer Partners LP 5.21% of their portfolio New York, NY 335,000335.0k $9.0m $9.0m 5.21% Reduced -87.6k -87,600
48 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 292,239292.2k $7.9m $7.9m 0.02% Reduced -82.4k -82,449
49 GTS SECURITIES LLC 0.23% of their portfolio NEW YORK, NY 274,770274.8k $7.4m $7.4m 0.23% First filing
50 Quinn Opportunity Partners LLC 0.99% of their portfolio CHARLOTTESVILLE, VA 264,377264.4k $7.1m $7.1m 0.99% Reduced -14.3k -14,317
51 ALTFEST L J & CO INC 1.00% of their portfolio NEW YORK, NY 246,749246.7k $6.6m $6.6m 1.00% Reduced -153.0k -152,994
52 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 223,541223.5k $6.0m $6.0m 0.05% Added +9.7k +9,749
53 Phoenix Financial Ltd. 0.13% of their portfolio Givatayim, L3 223,444223.4k $6.0m $6.0m 0.13% Added +63.7k +63,684
54 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 223,059223.1k $6.0m $6.0m 0.00% Reduced -296.0k -296,032
55 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 198,960199.0k $5.4m $5.4m 0.01% Reduced -147.6k -147,572
56 IMC-Chicago, LLC 0.17% of their portfolio CHICAGO, IL 193,778193.8k $5.2m $5.2m 0.17% Reduced -63.6k -63,584
57 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 192,218192.2k $5.2m $5.2m 0.01% Reduced -7.0k -7,005
58 AGUR PROVIDENT & TRAINING FUNDS MANAGEMENT LTD 0.02% of their portfolio TEL AVIV, L3 184,000184.0k $49.7k $49.7k 0.02% Unchanged
59 CAPITAL FUND MANAGEMENT S.A. 0.08% of their portfolio PARIS, I0 183,593183.6k $4.9m $4.9m 0.08% Added +99.6k +99,564
60 COWEN AND COMPANY, LLC 0.39% of their portfolio NEW YORK, NY 175,500175.5k $4.7m $4.7m 0.39% New
61 Schonfeld Strategic Advisors LLC 0.04% of their portfolio NEW YORK, NY 173,360173.4k $4.7m $4.7m 0.04% Added +124.6k +124,637
62 CIBC WORLD MARKETS CORP 0.04% of their portfolio NEW YORK, NY 161,750161.8k $4.4m $4.4m 0.04% Unchanged
63 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 160,384160.4k $4.3m $4.3m 0.00% Reduced -6.9k -6,878
64 Lingotto Investment Management LLP 0.28% of their portfolio London, X0 159,000159.0k $4.3m $4.3m 0.28% Added +14.0k +14,000
65 BFAM Partners (Cayman) Ltd 56.56% of their portfolio NORTHPOINT, HONG KONG, K3 153,500153.5k $4.1m $4.1m 56.56% Reduced -238.6k -238,600
66 KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio FORT WORTH, TX 151,717151.7k $4.1m $4.1m 0.02% New
67 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 148,696148.7k $4.0m $4.0m 0.01% Reduced -627 -627
68 Starfox Financial Services, LLC 4.04% of their portfolio THE WOODLANDS, TX 145,589145.6k $3.9m $3.9m 4.04% Reduced -2.0k -1,995
69 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.43% of their portfolio NEW YORK, NY 132,804132.8k $3.6m $3.6m 0.43% Reduced -7.1k -7,112
70 Walleye Trading LLC 0.19% of their portfolio NEW YORK, NY 131,925131.9k $3.6m $3.6m 0.19% Added +63.6k +63,590
71 Trium Capital LLP 0.98% of their portfolio LONDON, X0 129,837129.8k $3.5m $3.5m 0.98% New
72 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 116,209116.2k $3.1m $3.1m 0.00% Added +76.2k +76,236
73 Banque Cantonale Vaudoise 0.14% of their portfolio LAUSANNE, V8 113,168113.2k $3.0m $3.0m 0.14% Reduced -5 -5
74 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 110,601110.6k $3.0m $3.0m 0.03% New
75 BTG Pactual Global Asset Management Ltd 1.48% of their portfolio NEW YORK, NY 104,100104.1k $2.8m $2.8m 1.48% New
76 TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio STAMFORD, CT 103,798103.8k $2.8m $2.8m 0.05% Reduced -118.7k -118,701
77 Cetera Advisor Networks LLC 0.02% of their portfolio EL SEGUNDO, CA 102,069102.1k $2.7m $2.7m 0.02% Reduced -2.6k -2,623
78 White Pine Investment CO 0.93% of their portfolio LIVONIA, MI 100,375100.4k $2.7m $2.7m 0.93% Reduced -3.6k -3,573
79 CLEAR STREET LLC 0.06% of their portfolio NEW YORK, NY 100,000100.0k $2.7m $2.7m 0.06% New
80 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.05% of their portfolio BOSTON, MA 92,33192.3k $2.5m $2.5m 0.05% Added +46.2k +46,244
81 Sterneck Capital Management, LLC 1.51% of their portfolio KANSAS CITY, MO 91,46891.5k $2.5m $2.5m 1.51% Added +7.5k +7,460
82 RPg Family Wealth Advisory, LLC 0.95% of their portfolio BURLINGTON, MA 88,22688.2k $2.4m $2.4m 0.95% Reduced -53.7k -53,651
83 Dunhill Financial, LLC 1.56% of their portfolio LONDON, X0 87,66187.7k $2.4m $2.4m 1.56% First filing
84 Yarbrough Capital, LLC 0.13% of their portfolio FRANKLIN, TN 84,47984.5k $2.3m $2.3m 0.13% Reduced -7.9k -7,900
85 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 81,77181.8k $2.2m $2.2m 0.01% Added +520 +520
86 Allen Investment Management, LLC 0.03% of their portfolio NEW YORK, NY 81,32081.3k $2.2m $2.2m 0.03% Unchanged
87 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 80,32080.3k $2.2m $2.2m 0.00% Reduced -4.8k -4,810
88 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 77,88377.9k $2.1m $2.1m 0.00% Reduced -10.8k -10,806
89 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 75,81875.8k $2.0m $2.0m 0.00% Added +59.7k +59,729
90 Pine Valley Investments Ltd Liability Co 0.19% of their portfolio MARLTON, NJ 72,77872.8k $2.0m $2.0m 0.19% Added +1.4k +1,405
91 Capital Investment Counsel, Inc 0.37% of their portfolio RALEIGH, NC 71,25071.2k $1.9m $1.9m 0.37% Added +18.1k +18,125
92 HAP Trading, LLC 0.53% of their portfolio NEW YORK, NY 70,24670.2k $1.9m $1.9m 0.53% Reduced -149.7k -149,673
93 CAXTON ASSOCIATES LP 0.28% of their portfolio NEW YORK, NY 69,09269.1k $1.9m $1.9m 0.28% Reduced -243.0k -242,951
94 Cutler Group LLC / CA 0.44% of their portfolio SAN FRANCISCO, CA 68,83068.8k $1.9m $1.9m 0.44% Reduced -58.1k -58,094
95 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 66,92366.9k $1.8m $1.8m 0.00% Reduced -11.4k -11,353
96 Highlander Partners, L.P. 1.97% of their portfolio DALLAS, TX 65,00065.0k $1.8m $1.8m 1.97% Unchanged
97 Crestone Asset Management LLC 0.38% of their portfolio BOULDER, CO 64,03564.0k $1.7m $1.7m 0.38% Reduced -208.4k -208,429
98 Bricktown Capital, LLC 0.21% of their portfolio DETROIT, MI 62,64062.6k $1.7m $1.7m 0.21% Unchanged
99 3EDGE Asset Management, LP 0.12% of their portfolio Naples, FL 61,53761.5k $1.7m $1.7m 0.12% New
100 SOL Capital Management CO 0.24% of their portfolio ROCKVILLE, MD 58,32058.3k $1.6m $1.6m 0.24% Added +3.6k +3,600