Vault-13

KRANESHARES TRUST KCCA

CALIFORNIA CARB · ETP · CUSIP 500767553

25 institutional holders +3 vs Q2 2025
4,883,7264.9m shares reported held*
$83.4mreported value*
4 new 6 added 6 reduced 1 sold out net bought ≈ $20.5m (+1.2m 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 ≈ $17.07.

Trends to Q3 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: 22Q3 25: 2525Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202525

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 23: 11 bought or addedQ4 23: 13 cut or sold outQ1 24: 13 bought or addedQ1 24: 10 cut or sold outQ1 24Q2 24: 12 bought or addedQ2 24: 13 cut or sold outQ3 24: 11 bought or addedQ3 24: 13 cut or sold outQ3 24Q4 24: 12 bought or addedQ4 24: 14 cut or sold outQ1 25: 11 bought or addedQ1 25: 11 cut or sold outQ1 25Q2 25: 11 bought or addedQ2 25: 8 cut or sold outQ3 25: 10 bought or addedQ3 25: 7 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231113
Q1 20241310
Q2 20241213
Q3 20241113
Q4 20241214
Q1 20251111
Q2 2025118
Q3 2025107

Biggest buyers

NORTHERN TRUST CORP New +640,582+640.6k
Fielder Capital Group LLC New +502,146+502.1k
JANE STREET GROUP, LLC New +118,968+119.0k
Summit Trail Advisors, LLC Added +61,078+61.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +33,721+33.7k
Black Maple Capital Management LP Added +27,204+27.2k
MORGAN STANLEY Added +14,807+14.8k
FLOW TRADERS U.S. LLC Added +11,591+11.6k
SIMPLEX TRADING, LLC Added +9,648+9.6k
OSAIC HOLDINGS, INC. Added +5+5

Biggest sellers

KNIGHTSBRIDGE ASSET MANAGEMENT, LLC Reduced -195,148-195.1k
CANTOR FITZGERALD, L. P. Sold out -12,464-12.5k
Battery Global Advisors, LLC Reduced -8,792-8.8k
UBS Group AG Reduced -2,677-2.7k
Sharp Wealth Advisory, LLC Reduced -953-953
Biltmore Family Office, LLC Reduced -43-43
Ascentis Wealth Management, LLC Reduced -2-2

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Summit Trail Advisors, LLC 0.38% of their portfolio NEW YORK, NY 1,607,8711.6m $27.4m $27.4m 0.38% Added +61.1k +61,078
2 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 2.55% of their portfolio NEWPORT BEACH, CA 883,929883.9k $15.1m $15.1m 2.55% Reduced -195.1k -195,148
3 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 640,582640.6k $10.9m $10.9m 0.00% New
4 Fielder Capital Group LLC 1.95% of their portfolio NASHVILLE, TN 502,146502.1k $8.6m $8.6m 1.95% New
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 485,404485.4k $8.3m $8.3m 0.00% Added +14.8k +14,807
6 Permanent Capital Management, LP 0.57% of their portfolio CHICAGO, IL 179,240179.2k $3.1m $3.1m 0.57% First filing
7 Battery Global Advisors, LLC 1.12% of their portfolio BOSTON, MA 139,753139.8k $2.4m $2.4m 1.12% Reduced -8.8k -8,792
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 118,968119.0k $2.0m $2.0m 0.00% New
9 Black Maple Capital Management LP 1.31% of their portfolio MILWAUKEE, WI 105,517105.5k $1.8m $1.8m 1.31% Added +27.2k +27,204
10 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 37,38537.4k $638.0k $638.0k 0.03% Added +11.6k +11,591
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 33,72133.7k $575.6k $575.6k 0.00% New
12 PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio Toronto, A6 27,30027.3k $468.0k $468.0k 0.01% Unchanged
13 HOLLENCREST CAPITAL MANAGEMENT 0.02% of their portfolio NEWPORT BEACH, CA 25,00025.0k $426.8k $426.8k 0.02% Unchanged
14 Maltin Wealth Management, Inc. 0.12% of their portfolio RIDGEWOOD, NJ 16,60016.6k $283.4k $283.4k 0.12% Unchanged
15 Biltmore Family Office, LLC 0.04% of their portfolio CHARLOTTE, NC 16,19716.2k $276.5k $276.5k 0.04% Reduced -43 -43
16 Sharp Wealth Advisory, LLC 0.14% of their portfolio HORSHAM, PA 15,51915.5k $264.9k $264.9k 0.14% Reduced -953 -953
17 Global Endowment Management, LP 0.03% of their portfolio CHARLOTTE, NC 13,38913.4k $228.6k $228.6k 0.03% Unchanged
18 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 11,80011.8k $201.4k $201.4k 0.00% Unchanged
19 TWIN FOCUS CAPITAL PARTNERS, LLC 0.02% of their portfolio Boston, MA 10,62910.6k $181.4k $181.4k 0.02% Unchanged
20 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 10,23310.2k $174.0k $174.0k 0.00% Added +9.6k +9,648
21 CHILTON CAPITAL MANAGEMENT LLC 0.00% of their portfolio HOUSTON, TX 1,0001.0k $17.1k $17.1k 0.00% Unchanged
22 Ascentis Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 847847 $14.5k $14.5k 0.00% Reduced -2 -2
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 551551 $9.4k $9.4k 0.00% Reduced -2.7k -2,677
24 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 105105 $1.9k $1.9k 0.00% Unchanged
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4040 $682 $682 0.00% Added +5 +5