Vault-13

KRANESHARES TRUST KCCA

CALIFORNIA CARB · ETP · CUSIP 500767553

22 institutional holders +3 vs Q1 2025
3,504,8153.5m shares reported held*
$54.4mreported value*
6 new 5 added 6 reduced 2 sold out net bought ≈ $31.0m (+2.0m 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. Holder counts are more reliable. Implied quarter-end price ≈ $15.52.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 18Q4 22: 20Q1 23: 19Q2 23: 19Q3 23: 25Q4 23: 25Q1 24: 23Q2 24: 27Q3 24: 24Q4 24: 23Q1 25: 19Q2 25: 2222Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202218
Q4 202220
Q1 202319
Q2 202319
Q3 202325
Q4 202325
Q1 202423
Q2 202427
Q3 202424
Q4 202423
Q1 202519
Q2 202522

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 11 bought or addedQ3 23: 7 cut or sold outQ4 23: 11 bought or addedQ4 23: 13 cut or sold outQ4 23Q1 24: 13 bought or addedQ1 24: 10 cut or sold outQ2 24: 12 bought or addedQ2 24: 13 cut or sold outQ2 24Q3 24: 11 bought or addedQ3 24: 13 cut or sold outQ4 24: 12 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 11 bought or addedQ1 25: 11 cut or sold outQ2 25: 11 bought or addedQ2 25: 8 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023117
Q4 20231113
Q1 20241310
Q2 20241213
Q3 20241113
Q4 20241214
Q1 20251111
Q2 2025118

Biggest buyers

Summit Trail Advisors, LLC New +1,546,793+1.5m
KNIGHTSBRIDGE ASSET MANAGEMENT, LLC Added +384,592+384.6k
Black Maple Capital Management LP New +78,313+78.3k
FLOW TRADERS U.S. LLC New +25,794+25.8k
Battery Global Advisors, LLC Added +20,000+20.0k
CANTOR FITZGERALD, L. P. New +12,464+12.5k
TWIN FOCUS CAPITAL PARTNERS, LLC New +10,629+10.6k
Maltin Wealth Management, Inc. Added +4,800+4.8k
Sharp Wealth Advisory, LLC Added +4,732+4.7k
UBS Group AG Added +2,397+2.4k

Biggest sellers

MORGAN STANLEY Reduced -68,817-68.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -12,773-12.8k
Kestra Advisory Services, LLC Sold out -4,987-5.0k
Biltmore Family Office, LLC Reduced -2,240-2.2k
Global Endowment Management, LP Reduced -1,611-1.6k
PICTON MAHONEY ASSET MANAGEMENT Reduced -400-400
OSAIC HOLDINGS, INC. Reduced -35-35
Ascentis Wealth Management, LLC Reduced -2-2

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Summit Trail Advisors, LLC 0.41% of their portfolio NEW YORK, NY 1,546,7931.5m $24.0m $24.0m 0.41% New
2 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 3.69% of their portfolio NEWPORT BEACH, CA 1,079,0771.1m $16.7m $16.7m 3.69% Added +384.6k +384,592
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 470,597470.6k $7.3m $7.3m 0.00% Reduced -68.8k -68,817
4 Battery Global Advisors, LLC 1.14% of their portfolio BOSTON, MA 148,545148.5k $2.3m $2.3m 1.14% Added +20.0k +20,000
5 Black Maple Capital Management LP 0.84% of their portfolio MILWAUKEE, WI 78,31378.3k $1.2m $1.2m 0.84% New
6 PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio Toronto, A6 27,30027.3k $424.0k $424.0k 0.01% Reduced -400 -400
7 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 25,79425.8k $400.0k $400.0k 0.01% New
8 HOLLENCREST CAPITAL MANAGEMENT 0.02% of their portfolio NEWPORT BEACH, CA 25,00025.0k $388.0k $388.0k 0.02% Unchanged
9 Maltin Wealth Management, Inc. 0.12% of their portfolio RIDGEWOOD, NJ 16,60016.6k $257.6k $257.6k 0.12% Added +4.8k +4,800
10 Sharp Wealth Advisory, LLC 0.16% of their portfolio HORSHAM, PA 16,47216.5k $255.6k $255.6k 0.16% Added +4.7k +4,732
11 Biltmore Family Office, LLC 0.04% of their portfolio CHARLOTTE, NC 16,24016.2k $252.0k $252.0k 0.04% Reduced -2.2k -2,240
12 Global Endowment Management, LP 0.03% of their portfolio CHARLOTTE, NC 13,38913.4k $207.8k $207.8k 0.03% Reduced -1.6k -1,611
13 CANTOR FITZGERALD, L. P. 0.00% of their portfolio NEW YORK, NY 12,46412.5k $193.4k $193.4k 0.00% New
14 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 11,80011.8k $183.1k $183.1k 0.00% Unchanged
15 TWIN FOCUS CAPITAL PARTNERS, LLC 0.02% of their portfolio Boston, MA 10,62910.6k $165.0k $165.0k 0.02% New
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,2283.2k $50.1k $50.1k 0.00% Added +2.4k +2,397
17 CHILTON CAPITAL MANAGEMENT LLC 0.00% of their portfolio HOUSTON, TX 1,0001.0k $15.5k $15.5k 0.00% Unchanged
18 Ascentis Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 849849 $13.1k $13.1k 0.00% Reduced -2 -2
19 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 585585 $9.0k $9.0k 0.00% New
20 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 105105 $1.6k $1.6k 0.00% Unchanged
21 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3535 $543 $543 0.00% Reduced -35 -35
22 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged