Vault-13

KRANESHARES TRUST KMLM

KFA MOUNT LUCAS · ETP · CUSIP 500767652

50 institutional holders -5 vs Q1 2025
2,411,6902.4m shares reported held*
$63.9mreported value*
4 new 17 added 22 reduced 11 sold out net sold ≈ $19.2m (-1.0m 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 ≈ $26.48.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 34Q4 22: 57Q1 23: 53Q2 23: 50Q3 23: 54Q4 23: 63Q1 24: 56Q2 24: 57Q3 24: 54Q4 24: 58Q1 25: 55Q2 25: 5050Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202234
Q4 202257
Q1 202353
Q2 202350
Q3 202354
Q4 202363
Q1 202456
Q2 202457
Q3 202454
Q4 202458
Q1 202555
Q2 202550

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 29 bought or addedQ3 23: 29 cut or sold outQ4 23: 34 bought or addedQ4 23: 30 cut or sold outQ4 23Q1 24: 30 bought or addedQ1 24: 39 cut or sold outQ2 24: 37 bought or addedQ2 24: 26 cut or sold outQ2 24Q3 24: 33 bought or addedQ3 24: 25 cut or sold outQ4 24: 28 bought or addedQ4 24: 29 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 20 cut or sold outQ2 25: 21 bought or addedQ2 25: 33 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232929
Q4 20233430
Q1 20243039
Q2 20243726
Q3 20243325
Q4 20242829
Q1 20253220
Q2 20252133

Biggest buyers

FLOW TRADERS U.S. LLC New +140,777+140.8k
Ancora Advisors LLC Added +34,411+34.4k
RAYMOND JAMES FINANCIAL INC Added +19,272+19.3k
INTEGRITY ALLIANCE, LLC. New +14,098+14.1k
Ted Buchan & Co Added +12,046+12.0k
PFG Advisors Added +11,476+11.5k
PFG Investments, LLC New +10,445+10.4k
Dynamic Advisor Solutions LLC Added +6,692+6.7k
CSS LLC/IL Added +4,010+4.0k
NVWM, LLC Added +3,593+3.6k

Biggest sellers

Magnolia Private Wealth, LLC Reduced -312,027-312.0k
MORGAN STANLEY Reduced -310,336-310.3k
New York Life Investment Management LLC Sold out -98,098-98.1k
PMV Capital Advisers, LLC Sold out -96,016-96.0k
MML INVESTORS SERVICES, LLC Sold out -83,916-83.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -82,616-82.6k
GWN SECURITIES INC. Sold out -82,540-82.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -28,773-28.8k
NATIONAL BANK OF CANADA /FI/ Sold out -28,142-28.1k
Naviter Wealth, LLC Sold out -27,574-27.6k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Ancora Advisors LLC 0.21% of their portfolio Cleveland, OH 386,976387.0k $10.2m $10.2m 0.21% Added +34.4k +34,411
2 Ted Buchan & Co 2.78% of their portfolio San Diego, CA 265,428265.4k $7.0m $7.0m 2.78% Added +12.0k +12,046
3 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 187,951188.0k $5.0m $5.0m 0.00% Added +19.3k +19,272
4 FLOW TRADERS U.S. LLC 0.14% of their portfolio NEW YORK, NY 140,777140.8k $3.7m $3.7m 0.14% New
5 Longview Financial Advisors, Inc. 2.67% of their portfolio HUNTSVILLE, AL 119,353119.4k $3.1m $3.1m 2.67% Reduced -7.4k -7,426
6 Illumine Investment Management, LLC 2.29% of their portfolio POULSBO, WA 108,941108.9k $2.9m $2.9m 2.29% Reduced -182 -182
7 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 107,831107.8k $2.8m $2.8m 0.01% Reduced -13.9k -13,928
8 Wealthcare Advisory Partners LLC 0.05% of their portfolio WEST CHESTER, PA 91,20291.2k $2.4m $2.4m 0.05% Reduced -1.7k -1,717
9 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 82,39882.4k $2.2m $2.2m 0.00% Added +1.2k +1,213
10 Magnolia Private Wealth, LLC 1.61% of their portfolio PHILADELPHIA, PA 78,83178.8k $2.1m $2.1m 1.61% Reduced -312.0k -312,027
11 Latitude Advisors, LLC 0.98% of their portfolio YORKVILLE, IL 73,88173.9k $1.9m $1.9m 0.98% Reduced -8.7k -8,660
12 CSS LLC/IL 0.11% of their portfolio CHICAGO, IL 68,68768.7k $1.8m $1.8m 0.11% Added +4.0k +4,010
13 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 54,97155.0k $1.4m $1.4m 0.00% Added +986 +986
14 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 52,82252.8k $1.4m $1.4m 0.00% Reduced -82.6k -82,616
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 51,58051.6k $1.4m $1.4m 0.00% Reduced -28.8k -28,773
16 KITCHING PARTNERS, LLC 1.11% of their portfolio CONSHOHOCKEN, PA 41,64841.6k $1.1m $1.1m 1.11% Added +3.1k +3,103
17 Fermata Advisors, LLC 0.25% of their portfolio SONOMA, CA 35,85635.9k $945.7k $945.7k 0.25% Reduced -3.0k -2,992
18 Wealthcare Capital Partners, LLC 0.45% of their portfolio WEST CHESTER, PA 34,11234.1k $899.7k $899.7k 0.45% Added +1.9k +1,854
19 Andina Capital Management, LLC 0.61% of their portfolio LOGAN, UT 33,03733.0k $871.3k $871.3k 0.61% Added +820 +820
20 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 32,25632.3k $851.0k $851.0k 0.00% Unchanged
21 Ascentis Wealth Management, LLC 0.19% of their portfolio DALLAS, TX 30,33430.3k $801.0k $801.0k 0.19% Added +2.3k +2,270
22 Visionary Wealth Advisors 0.04% of their portfolio O'FALLON, IL 30,24330.2k $797.6k $797.6k 0.04% Reduced -11.0k -11,002
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,05128.1k $739.8k $739.8k 0.00% Reduced -26.0k -26,005
24 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 26,19326.2k $690.8k $690.8k 0.02% Added +6.7k +6,692
25 Frontier Asset Management, LLC 0.18% of their portfolio SHERIDAN, WY 25,02225.0k $659.9k $659.9k 0.18% Reduced -2.7k -2,739
26 FMA Wealth Management, LLC 0.46% of their portfolio DUXBURY, MA 23,43723.4k $618.1k $618.1k 0.46% Reduced -112 -112
27 NVWM, LLC 0.15% of their portfolio YARDLEY, PA 23,30723.3k $614.7k $614.7k 0.15% Added +3.6k +3,593
28 PFG Advisors 0.04% of their portfolio Phoenix, AZ 20,77820.8k $806.3k $806.3k 0.04% Added +11.5k +11,476
29 ORG Partners LLC 0.11% of their portfolio ROANOKE, IN 19,53619.5k $515.8k $515.8k 0.11% Reduced -396 -396
30 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 18,52518.5k $488.6k $488.6k 0.01% Added +149 +149
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 17,35617.4k $457.7k $457.7k 0.00% Reduced -1.5k -1,474
32 WFA of San Diego, LLC 0.31% of their portfolio SAN DIEGO, CA 15,72015.7k $414.6k $414.6k 0.31% First filing
33 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 14,09814.1k $371.8k $371.8k 0.02% New
34 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 13,14213.1k $346.6k $346.6k 0.01% Added +154 +154
35 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 10,44610.4k $275.0k $275.0k 0.00% Reduced -17.9k -17,869
36 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 10,44510.4k $275.5k $275.5k 0.02% New
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,42610.4k $274.0k $274.0k 0.00% Added +2.5k +2,479
38 IPG Investment Advisors LLC 0.04% of their portfolio SAN DIEGO, CA 8,3568.4k $220.4k $220.4k 0.04% Unchanged
39 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 7,8037.8k $205.8k $205.8k 0.03% Reduced -512 -512
40 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,0962.1k $55.3k $55.3k 0.00% Unchanged
41 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,0402.0k $53.8k $53.8k 0.00% Added +767 +767
42 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 1,7271.7k $45.5k $45.5k 0.00% Reduced -2.7k -2,674
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,3521.4k $35.7k $35.7k 0.00% Reduced -310.3k -310,336
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 871871 $23.0k $23.0k 0.00% Reduced -9.8k -9,823
45 MANNING & NAPIER ADVISORS LLC 0.00% of their portfolio Fairport, NY 832832 $22.0k $22.0k 0.00% New
46 CWM, LLC 0.00% of their portfolio OMAHA, NE 619619 $16.0k $16.0k 0.00% Reduced -799 -799
47 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 342342 $9.0k $9.0k 0.00% Reduced -373 -373
48 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 5151 $1.3k $1.3k 0.00% First filing
49 Creative Capital Management Investments LLC 0.00% of their portfolio SAN DIEGO, CA 44 $106 $106 0.00% Unchanged
50 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged