Vault-13

KRANESHARES TRUST KWEB

CSI CHI INTERNET · ETP · CUSIP 500767306

350 institutional holders +81 vs Q4 2024
118,711,228118.7m shares reported held*
$4.1bnreported value*
117 new 106 added 82 reduced 37 sold out net bought ≈ $1.0bn (+28.9m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.83. Options: 68 managers hold calls ($3.6bn notional), 41 hold puts ($1.6bn).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 263Q4 22: 271Q1 23: 288Q2 23: 258Q3 23: 283Q4 23: 290Q1 24: 263Q2 24: 272Q3 24: 297Q4 24: 269Q1 25: 350350Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022263
Q4 2022271
Q1 2023288
Q2 2023258
Q3 2023283
Q4 2023290
Q1 2024263
Q2 2024272
Q3 2024297
Q4 2024269
Q1 2025350

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 97 bought or addedQ2 23: 170 cut or sold outQ3 23: 139 bought or addedQ3 23: 123 cut or sold outQ3 23Q4 23: 126 bought or addedQ4 23: 148 cut or sold outQ1 24: 134 bought or addedQ1 24: 159 cut or sold outQ1 24Q2 24: 130 bought or addedQ2 24: 134 cut or sold outQ3 24: 154 bought or addedQ3 24: 154 cut or sold outQ3 24Q4 24: 129 bought or addedQ4 24: 172 cut or sold outQ1 25: 223 bought or addedQ1 25: 119 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202397170
Q3 2023139123
Q4 2023126148
Q1 2024134159
Q2 2024130134
Q3 2024154154
Q4 2024129172
Q1 2025223119

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bnQ2 24 calls: $1.8bnQ2 24 puts: $878.7mQ2 24P/C 0.48Q3 24 calls: $4.6bnQ3 24 puts: $2.2bnQ3 24P/C 0.48Q4 24 calls: $3.0bnQ4 24 puts: $1.6bnQ4 24P/C 0.54Q1 25 calls: $3.6bnQ1 25 puts: $1.6bnQ1 25P/C 0.45
Numbers
QuarterCallsPutsP/C
Q2 2024$1.8bn$878.7m0.48
Q3 2024$4.6bn$2.2bn0.48
Q4 2024$3.0bn$1.6bn0.54
Q1 2025$3.6bn$1.6bn0.45

Biggest buyers

BESSEMER GROUP INC New +6,282,665+6.3m
UBS Group AG Added +4,712,926+4.7m
JANE STREET GROUP, LLC New +4,617,995+4.6m
VOYA INVESTMENT MANAGEMENT LLC New +3,657,304+3.7m
Migdal Insurance & Financial Holdings Ltd. New +3,611,134+3.6m
MORGAN STANLEY Added +2,288,164+2.3m
GOLDMAN SACHS GROUP INC Added +2,264,735+2.3m
TWO SIGMA INVESTMENTS, LP New +1,850,000+1.9m
Clal Insurance Enterprises Holdings Ltd Added +1,800,000+1.8m
Angeles Investment Advisors, LLC New +1,514,000+1.5m

Biggest sellers

Eisler Capital Management Ltd. Reduced -3,612,985-3.6m
JPMORGAN CHASE & CO Reduced -2,150,071-2.2m
BANK OF AMERICA CORP /DE/ Reduced -1,745,525-1.7m
SOROS FUND MANAGEMENT LLC Reduced -1,675,000-1.7m
Mount Lucas Management LP Sold out -1,507,900-1.5m
BARCLAYS PLC Reduced -1,427,876-1.4m
Slate Path Capital LP Reduced -1,415,607-1.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,345,275-1.3m
Alaska Permanent Fund Corp Reduced -1,005,174-1.0m
Krane Funds Advisors LLC Reduced -901,200-901.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $628.0m18.0m shares
UBS Group AG Added $371.9m10.7m shares
JANE STREET GROUP, LLC Reduced $359.9m10.3m shares
CITADEL ADVISORS LLC Added $317.2m9.1m shares
SIMPLEX TRADING, LLC Reduced $228.0m6.5m shares
BANK OF AMERICA CORP /DE/ Added $221.4m6.3m shares
BlackRock, Inc. New $214.3m6.1m shares
NOMURA HOLDINGS INC Added $120.9m3.5m shares
IMC-Chicago, LLC Reduced $114.9m3.3m shares
PEAK6 LLC Added $82.9m2.4m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $317.6m9.1m shares
JANE STREET GROUP, LLC Added $232.1m6.6m shares
UBS Group AG Reduced $189.8m5.4m shares
CITADEL ADVISORS LLC Added $124.4m3.6m shares
Qube Research & Technologies Ltd Added $124.1m3.6m shares
PEAK6 LLC Added $118.6m3.4m shares
BANK OF AMERICA CORP /DE/ Added $75.4m2.2m shares
Owl Creek Asset Management, L.P. Reduced $49.2m1.4m shares
Calamos Advisors LLC New $43.2m1.5m shares
LMR Partners LLP New $38.2m1.1m 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.08% of their portfolio ZURICH, V8 10,632,65910.6m $371.2m $371.2m 0.08% Added +4.7m +4,712,926
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 9,039,9939.0m $315.6m $315.6m 0.02% Added +2.3m +2,288,164
3 BESSEMER GROUP INC 0.39% of their portfolio WOODBRIDGE, NJ 6,282,6656.3m $219.3m $219.3m 0.39% New
4 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 5,471,2785.5m $191.0m $191.0m 0.04% Added +2.3m +2,264,735
5 Rafferty Asset Management, LLC 0.75% of their portfolio New York, NY 5,059,5675.1m $176.6m $176.6m 0.75% Reduced -854.0k -853,988
6 JANE STREET GROUP, LLC 0.29% of their portfolio NEW YORK, NY 4,617,9954.6m $161.2m $161.2m 0.29% New
7 Clal Insurance Enterprises Holdings Ltd 1.51% of their portfolio Tel-aviv, L3 4,177,0004.2m $145.8m $145.8m 1.51% Added +1.8m +1,800,000
8 APPALOOSA LP 2.51% of their portfolio Short Hills, NJ 4,000,0004.0m $139.6m $139.6m 2.51% Reduced -575.7k -575,695
9 VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ATLANTA, GA 3,657,3043.7m $127.7m $127.7m 0.07% New
10 Migdal Insurance & Financial Holdings Ltd. 1.77% of their portfolio Petach Tikva, L3 3,611,1343.6m $126.1m $126.1m 1.77% New
11 Krane Funds Advisors LLC 3.28% of their portfolio NEW YORK, NY 3,268,7133.3m $114.1m $114.1m 3.28% Reduced -901.2k -901,200
12 Alaska Permanent Fund Corp 1.43% of their portfolio JUNEAU, AK 3,181,0073.2m $102.1m $102.1m 1.43% Reduced -1.0m -1,005,174
13 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,932,3622.9m $102.4m $102.4m 0.01% Reduced -1.7m -1,745,525
14 OLD MISSION CAPITAL LLC 1.96% of their portfolio CHICAGO, IL 2,902,5312.9m $101.3m $101.3m 1.96% Added +794.5k +794,540
15 Slate Path Capital LP 1.70% of their portfolio New York, NY 2,696,3932.7m $94.1m $94.1m 1.70% Reduced -1.4m -1,415,607
16 NATIONAL BANK OF CANADA /FI/ 0.09% of their portfolio MONTREAL, A8 2,316,0362.3m $80.8m $80.8m 0.09% Added +1.1m +1,055,227
17 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 1,855,9561.9m $64.8m $64.8m 0.05% Added +657.0k +657,048
18 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 1,850,0001.9m $64.6m $64.6m 0.14% New
19 Temasek Holdings (Private) Ltd 0.26% of their portfolio SINGAPORE, U0 1,813,7081.8m $63.3m $63.3m 0.26% Added +878.1k +878,118
20 Angeles Investment Advisors, LLC 2.85% of their portfolio SANTA MONICA, CA 1,514,0001.5m $52.9m $52.9m 2.85% New
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,513,1021.5m $52.8m $52.8m 0.00% Reduced -2.2m -2,150,071
22 Blackstone Inc. 0.23% of their portfolio NEW YORK, NY 1,500,0001.5m $52.4m $52.4m 0.23% New
23 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 1,475,4641.5m $51.5m $51.5m 0.08% New
24 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,301,6981.3m $45.4m $45.4m 0.01% Added +369.6k +369,626
25 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 1,214,4391.2m $42.4m $42.4m 0.03% First filing
26 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,142,2761.1m $39.9m $39.9m 0.01% Added +335.9k +335,853
27 University of Illinois Foundation 11.25% of their portfolio CHAMPAIGN, IL 1,025,6241.0m $35.8m $35.8m 11.25% Unchanged
28 SIH Partners, LLLP 2.92% of their portfolio Wilmington, DE 954,622954.6k $33.3m $33.3m 2.92% New
29 Kapitalo Investimentos Ltda 6.49% of their portfolio SAO PAULO, D5 916,000916.0k $32.0m $32.0m 6.49% New
30 LMR Partners LLP 0.63% of their portfolio LONDON, X0 900,000900.0k $31.4m $31.4m 0.63% Added +880.0k +880,000
31 BlackRock, Inc. 0.00% of their portfolio New York, NY 892,133892.1k $31.1m $31.1m 0.00% New
32 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 862,829862.8k $30.1m $30.1m 0.04% Added +607.8k +607,826
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 860,637860.6k $30.0m $30.0m 0.05% Reduced -1.3m -1,345,275
34 Trium Capital LLP 11.64% of their portfolio LONDON, X0 821,051821.1k $28.7m $28.7m 11.64% Added +311.0k +310,981
35 TUDOR INVESTMENT CORP ET AL 0.23% of their portfolio STAMFORD, CT 736,265736.3k $25.7m $25.7m 0.23% Added +224.5k +224,504
36 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 706,301706.3k $24.7m $24.7m 0.01% Added +131.3k +131,276
37 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 695,396695.4k $24.3m $24.3m 0.01% Added +57.6k +57,596
38 SIMPLEX TRADING, LLC 0.81% of their portfolio CHICAGO, IL 650,233650.2k $22.7m $22.7m 0.81% Added +647.4k +647,364
39 CAPITAL FUND MANAGEMENT S.A. 0.28% of their portfolio PARIS, I0 631,052631.1k $22.0m $22.0m 0.28% Added +261.8k +261,806
40 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 3.37% of their portfolio Tel Aviv, L3 585,000585.0k $20.4m $20.4m 3.37% Added +285.0k +285,000
41 Breakout Capital Partners, LP 17.01% of their portfolio NEW YORK, NY 531,900531.9k $18.6m $18.6m 17.01% Added +89.2k +89,200
42 Glenorchy Capital Ltd 6.19% of their portfolio BOOROLITE, C3 475,608475.6k $16.6m $16.6m 6.19% Added +237.7k +237,725
43 PING CAPITAL MANAGEMENT, INC. 10.75% of their portfolio NEW YORK, NY 461,800461.8k $16.1m $16.1m 10.75% Added +78.2k +78,200
44 CoreView Capital Management Ltd 1.58% of their portfolio HONG KONG, K3 455,588455.6k $15.9m $15.9m 1.58% New
45 BlueCrest Capital Management Ltd 2.46% of their portfolio ST HELIER, Y9 441,000441.0k $15.4m $15.4m 2.46% Added +25.0k +25,000
46 Walleye Trading LLC 0.41% of their portfolio NEW YORK, NY 415,190415.2k $14.5m $14.5m 0.41% Added +208.7k +208,680
47 CI INVESTMENTS INC. 0.05% of their portfolio TORONTO, Z4 359,931359.9k $12.6m $12.6m 0.05% Added +334.9k +334,931
48 STRS OHIO 0.05% of their portfolio COLUMBUS, OH 354,600354.6k $12.4m $12.4m 0.05% Reduced -30.0k -30,000
49 Main Management ETF Advisors, LLC 0.59% of their portfolio SAN FRANCISCO, CA 347,730347.7k $12.1m $12.1m 0.59% New
50 BW Gestao de Investimentos Ltda. 1.34% of their portfolio SAO PAULO, D5 339,000339.0k $11.8m $11.8m 1.34% New
51 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 335,709335.7k $11.7m $11.7m 0.01% Reduced -1.4m -1,427,876
52 Bleakley Financial Group, LLC 0.37% of their portfolio PARSIPPANY, NJ 330,278330.3k $11.5m $11.5m 0.37% Reduced -4.9k -4,944
53 Cubist Systematic Strategies, LLC 0.15% of their portfolio STAMFORD, CT 321,699321.7k $11.2m $11.2m 0.15% New
54 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 311,859311.9k $10.9m $10.9m 0.01% Reduced -13.2k -13,200
55 WEXFORD CAPITAL LP 2.83% of their portfolio WEST PALM BEACH, FL 311,534311.5k $10.9m $10.9m 2.83% New
56 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 298,253298.3k $10.4m $10.4m 0.01% Reduced -9.2k -9,247
57 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 266,900266.9k $9.3m $9.3m 0.01% Added +84.1k +84,120
58 Phoenix Financial Ltd. 0.14% of their portfolio Givatayim, L3 256,326256.3k $8.9m $8.9m 0.14% Added +152.4k +152,395
59 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 253,811253.8k $8.9m $8.9m 0.00% Added +31.0k +31,021
60 Fosun International Ltd 2.43% of their portfolio HONG KONG, F4 247,028247.0k $8.6m $8.6m 2.43% Reduced -176.8k -176,777
61 GROUP ONE TRADING LLC 0.35% of their portfolio CHICAGO, IL 243,504243.5k $8.5m $8.5m 0.35% New
62 LHM, INC. 2.61% of their portfolio Sandy, UT 225,733225.7k $7.9m $7.9m 2.61% Added +29.6k +29,586
63 SOROS FUND MANAGEMENT LLC 0.14% of their portfolio NEW YORK, NY 225,404225.4k $7.9m $7.9m 0.14% Reduced -1.7m -1,675,000
64 Trek Financial, LLC 0.55% of their portfolio Scottsdale, AZ 216,018216.0k $7.5m $7.5m 0.55% New
65 IMC-Chicago, LLC 0.28% of their portfolio CHICAGO, IL 208,634208.6k $7.3m $7.3m 0.28% Added +191.1k +191,080
66 AVALON CAPITAL MANAGEMENT 2.07% of their portfolio Port Of Redwood City, CA 204,226204.2k $7.1m $7.1m 2.07% New
67 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 204,078204.1k $7.1m $7.1m 0.01% Unchanged
68 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 198,593198.6k $7.0m $7.0m 0.00% Added +50.0k +50,048
69 Capitolis Liquid Global Markets LLC 0.06% of their portfolio NEW YORK, NY 195,700195.7k $6.8m $6.8m 0.06% New
70 Carrhae Capital LLP 0.79% of their portfolio London, X0 193,593193.6k $6.8m $6.8m 0.79% New
71 Wealth High Governance Capital Ltda 4.24% of their portfolio SAO PAULO, D5 186,000186.0k $6.5m $6.5m 4.24% New
72 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 182,758182.8k $6.4m $6.4m 0.02% Added +150.8k +150,780
73 Parkwood LLC 0.61% of their portfolio CLEVELAND, OH 179,000179.0k $6.2m $6.2m 0.61% Unchanged
74 Pekin Hardy Strauss, Inc. 0.75% of their portfolio CHICAGO, IL 177,631177.6k $6.2m $6.2m 0.75% Added +35.9k +35,881
75 U.S. Capital Wealth Advisors, LLC 0.19% of their portfolio AUSTIN, TX 175,246175.2k $6.1m $6.1m 0.19% Added +29.7k +29,699
76 Rye Brook Capital LLC 7.65% of their portfolio GREENWICH, CT 174,750174.8k $6.1m $6.1m 7.65% Added +400 +400
77 Corecam Pte. Ltd. 3.25% of their portfolio SINGAPORE, U0 169,500169.5k $5.9m $5.9m 3.25% Added +500 +500
78 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 165,153165.2k $5.8m $5.8m 0.01% New
79 Riggs Asset Managment Co. Inc. 1.51% of their portfolio DALLAS, PA 151,219151.2k $5.3m $5.3m 1.51% New
80 MIRAE ASSET SECURITIES (USA) INC. 0.23% of their portfolio NEW YORK, NY 150,386150.4k $5.2m $5.2m 0.23% New
81 Rovida Investment Management Ltd 1.57% of their portfolio Grand Cayman, E9 150,000150.0k $5.2m $5.2m 1.57% Added +50.0k +50,000
82 RPg Family Wealth Advisory, LLC 1.46% of their portfolio BURLINGTON, MA 146,882146.9k $5.1m $5.1m 1.46% Added +1.4k +1,407
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 144,919144.9k $5.1m $5.1m 0.00% Reduced -228 -228
84 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 143,591143.6k $5.0m $5.0m 0.01% Reduced -256.6k -256,595
85 Gainplan LLC 3.18% of their portfolio BLOOMFIELD HILLS, MI 139,864139.9k $4.9m $4.9m 3.18% Reduced -8.9k -8,940
86 Krilogy Financial LLC 0.31% of their portfolio ST. LOUIS, MO 139,115139.1k $4.9m $4.9m 0.31% Added +18.7k +18,692
87 SIG BROKERAGE, LP 1.34% of their portfolio BALA CYNWYD, PA 131,860131.9k $4.6m $4.6m 1.34% New
88 Tamar Securities, LLC 0.62% of their portfolio Woodland Hills, CA 130,175130.2k $4.5m $4.5m 0.62% Added +57.6k +57,576
89 NewEdge Wealth, LLC 0.08% of their portfolio STAMFORD, CT 125,907125.9k $4.4m $4.4m 0.08% Reduced -30.8k -30,768
90 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 120,000120.0k $4.2m $4.2m 0.01% New
91 MONTAG A & ASSOCIATES INC 0.21% of their portfolio ATLANTA, GA 119,201119.2k $4.2m $4.2m 0.21% Added +1.2k +1,241
92 EVERGREEN CAPITAL MANAGEMENT LLC 0.14% of their portfolio Bellevue, WA 117,590117.6k $4.1m $4.1m 0.14% Added +20.5k +20,495
93 Csenge Advisory Group 0.20% of their portfolio CLEARWATER, FL 116,032116.0k $3.5m $3.5m 0.20% Added +45.9k +45,860
94 PEAK6 LLC 0.15% of their portfolio AUSTIN, TX 112,427112.4k $3.9m $3.9m 0.15% New
95 DRW Securities, LLC 0.32% of their portfolio CHICAGO, IL 108,881108.9k $3.8m $3.8m 0.32% Reduced -22.9k -22,912
96 Absolute Gestao de Investimentos Ltda. 1.67% of their portfolio SAO PAULO, D5 108,800108.8k $3.8m $3.8m 1.67% New
97 Viewpoint Capital Management LLC 2.03% of their portfolio SEATTLE, WA 108,156108.2k $3.8m $3.8m 2.03% Added +12.7k +12,695
98 Banco BTG Pactual S.A. 0.92% of their portfolio RIO DE JANEIRO, D5 105,450105.5k $3.7m $3.7m 0.92% Reduced -92.0k -92,000
99 INDEPENDENT FINANCIAL GROUP, LLC 0.12% of their portfolio SAN DIEGO, CA 101,126101.1k $3.5m $3.5m 0.12% New
100 Capital Investment Counsel, Inc 0.52% of their portfolio RALEIGH, NC 100,627100.6k $3.5m $3.5m 0.52% Added +12.4k +12,395