Vault-13

KRANESHARES TRUST KCCA

CALIFORNIA CARB · ETP · CUSIP 500767553

26 institutional holders +1 vs Q3 2025
3,624,3333.6m shares reported held*
$60.9mreported value*
3 new 7 added 7 reduced 6 sold out net sold ≈ $21.6m (-1.3m 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 ≈ $16.81.

Trends to Q4 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: 25Q4 25: 2626Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202526

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 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 25Q3 25: 10 bought or addedQ3 25: 7 cut or sold outQ4 25: 10 bought or addedQ4 25: 13 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241310
Q2 20241213
Q3 20241113
Q4 20241214
Q1 20251111
Q2 2025118
Q3 2025107
Q4 20251013

Biggest buyers

NewEdge Wealth, LLC New +220,009+220.0k
Brucke Financial, Inc. New +33,067+33.1k
PICTON MAHONEY ASSET MANAGEMENT Added +25,900+25.9k
Fielder Capital Group LLC Added +8,601+8.6k
Biltmore Family Office, LLC Added +1,846+1.8k
MAI Capital Management New +950+950
Sharp Wealth Advisory, LLC Added +572+572
Maltin Wealth Management, Inc. Added +484+484
Ascentis Wealth Management, LLC Added +22+22
OSAIC HOLDINGS, INC. Added +1+1

Biggest sellers

NORTHERN TRUST CORP Sold out -640,582-640.6k
Summit Trail Advisors, LLC Reduced -369,305-369.3k
Permanent Capital Management, LP Reduced -163,700-163.7k
Battery Global Advisors, LLC Reduced -139,745-139.7k
JANE STREET GROUP, LLC Sold out -118,968-119.0k
FLOW TRADERS U.S. LLC Sold out -37,385-37.4k
KNIGHTSBRIDGE ASSET MANAGEMENT, LLC Reduced -31,998-32.0k
HOLLENCREST CAPITAL MANAGEMENT Sold out -25,000-25.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -22,677-22.7k
Quantinno Capital Management LP Sold out -11,800-11.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Summit Trail Advisors, LLC 0.36% of their portfolio NEW YORK, NY 1,238,5661.2m $20.8m $20.8m 0.36% Reduced -369.3k -369,305
2 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 2.31% of their portfolio NEWPORT BEACH, CA 851,931851.9k $14.3m $14.3m 2.31% Reduced -32.0k -31,998
3 Fielder Capital Group LLC 1.83% of their portfolio NASHVILLE, TN 510,747510.7k $8.6m $8.6m 1.83% Added +8.6k +8,601
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 481,330481.3k $8.1m $8.1m 0.00% Reduced -4.1k -4,074
5 NewEdge Wealth, LLC 0.04% of their portfolio STAMFORD, CT 220,009220.0k $3.7m $3.7m 0.04% New
6 Black Maple Capital Management LP 1.33% of their portfolio MILWAUKEE, WI 105,517105.5k $1.8m $1.8m 1.33% Unchanged
7 PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio Toronto, A6 53,20053.2k $895.9k $895.9k 0.01% Added +25.9k +25,900
8 Brucke Financial, Inc. 0.30% of their portfolio INDIANAPOLIS, IN 33,06733.1k $555.9k $555.9k 0.30% New
9 Biltmore Family Office, LLC 0.04% of their portfolio CHARLOTTE, NC 18,04318.0k $303.3k $303.3k 0.04% Added +1.8k +1,846
10 Maltin Wealth Management, Inc. 0.11% of their portfolio RIDGEWOOD, NJ 17,08417.1k $287.2k $287.2k 0.11% Added +484 +484
11 Sharp Wealth Advisory, LLC 0.14% of their portfolio HORSHAM, PA 16,09116.1k $270.5k $270.5k 0.14% Added +572 +572
12 Flatrock Wealth Partners LLC 0.13% of their portfolio NEWPORT BEACH, CA 16,05516.1k $269.9k $269.9k 0.13% First filing
13 Permanent Capital Management, LP 0.05% of their portfolio CHICAGO, IL 15,54015.5k $261.2k $261.2k 0.05% Reduced -163.7k -163,700
14 Global Endowment Management, LP 0.03% of their portfolio CHARLOTTE, NC 13,38913.4k $225.0k $225.0k 0.03% Unchanged
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,04411.0k $185.7k $185.7k 0.00% Reduced -22.7k -22,677
16 TWIN FOCUS CAPITAL PARTNERS, LLC 0.02% of their portfolio Boston, MA 10,62910.6k $178.7k $178.7k 0.02% Unchanged
17 Sankala Group LLC 0.08% of their portfolio LYONS, CO 7,0057.0k $105.7k $105.7k 0.08% First filing
18 Ares Financial Consulting, LLC 0.02% of their portfolio CALABASAS, CA 1,1181.1k $18.8k $18.8k 0.02% First filing
19 CHILTON CAPITAL MANAGEMENT LLC 0.00% of their portfolio HOUSTON, TX 1,0001.0k $16.8k $16.8k 0.00% Unchanged
20 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 950950 $16.0k $16.0k 0.00% New
21 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 905905 $15.2k $15.2k 0.00% Reduced -9.3k -9,328
22 Ascentis Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 869869 $14.6k $14.6k 0.00% Added +22 +22
23 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 105105 $1.8k $1.8k 0.00% Unchanged
24 Strive Financial Group ,LLC 0.00% of their portfolio CARMEL, IN 9090 $1.5k $1.5k 0.00% First filing
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4141 $692 $692 0.00% Added +1 +1
26 Battery Global Advisors, LLC 0.00% of their portfolio BOSTON, MA 88 $9.7k $9.7k 0.00% Reduced -139.7k -139,745