Vault-13

KRANESHARES TRUST KMLM

KFA MOUNT LUCAS · ETP · CUSIP 500767652

46 institutional holders -5 vs Q3 2025
2,103,1372.1m shares reported held*
$54.6mreported value*
6 new 17 added 18 reduced 13 sold out net sold ≈ $7.9m (-305.7k 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 ($412.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.95.

Trends to Q4 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: 50Q3 25: 51Q4 25: 4646Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 202551
Q4 202546

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 25 bought or addedQ3 25: 28 cut or sold outQ4 25: 23 bought or addedQ4 25: 31 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243039
Q2 20243726
Q3 20243325
Q4 20242829
Q1 20253220
Q2 20252133
Q3 20252528
Q4 20252331

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $4.2mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$4.2m$00.00
Q4 2025$0$0—

Biggest buyers

JANE STREET GROUP, LLC New +126,051+126.1k
MANNING & NAPIER ADVISORS LLC Added +64,304+64.3k
ENVESTNET ASSET MANAGEMENT INC Added +48,066+48.1k
ABBINGTON INVESTMENT GROUP Added +39,582+39.6k
NVWM, LLC Added +35,008+35.0k
Ted Buchan & Co Added +20,262+20.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +19,454+19.5k
Sound Financial Strategies Group, LLC Added +16,371+16.4k
BANK OF MONTREAL /CAN/ Added +11,787+11.8k
ROYAL BANK OF CANADA Added +7,475+7.5k

Biggest sellers

Ancora Advisors LLC Reduced -230,462-230.5k
Wealthcare Advisory Partners LLC Sold out -97,110-97.1k
OSAIC HOLDINGS, INC. Reduced -77,712-77.7k
FLOW TRADERS U.S. LLC Sold out -68,797-68.8k
Wealthcare Capital Partners, LLC Sold out -38,292-38.3k
Dynamic Advisor Solutions LLC Sold out -29,473-29.5k
KITCHING PARTNERS, LLC Reduced -28,052-28.1k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -26,438-26.4k
Magnolia Private Wealth, LLC Reduced -26,072-26.1k
Frontier Asset Management, LLC Sold out -20,529-20.5k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Ted Buchan & Co 2.66% of their portfolio San Diego, CA 278,854278.9k $7.2m $7.2m 2.66% Added +20.3k +20,262
2 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 210,737210.7k $5.5m $5.5m 0.00% Reduced -2.6k -2,628
3 ABBINGTON INVESTMENT GROUP 3.38% of their portfolio WESTPORT, CT 190,466190.5k $4.9m $4.9m 3.38% Added +39.6k +39,582
4 Longview Financial Advisors, Inc. 2.24% of their portfolio HUNTSVILLE, AL 127,021127.0k $3.3m $3.3m 2.24% Added +4.2k +4,163
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 126,051126.1k $3.3m $3.3m 0.00% New
6 Illumine Investment Management, LLC 2.07% of their portfolio POULSBO, WA 109,412109.4k $2.8m $2.8m 2.07% Reduced -440 -440
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 99,77199.8k $2.6m $2.6m 0.00% Added +48.1k +48,066
8 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 85,09785.1k $2.2m $2.2m 0.00% Reduced -5.7k -5,730
9 Sound Financial Strategies Group, LLC 1.45% of their portfolio MADISON, MS 79,36279.4k $2.1m $2.1m 1.45% Added +16.4k +16,371
10 Latitude Advisors, LLC 0.90% of their portfolio YORKVILLE, IL 78,74778.7k $2.0m $2.0m 0.90% Added +7.5k +7,454
11 CSS LLC/IL 0.11% of their portfolio CHICAGO, IL 78,02778.0k $2.0m $2.0m 0.11% Added +5.6k +5,620
12 MANNING & NAPIER ADVISORS LLC 0.03% of their portfolio Fairport, NY 77,22677.2k $2.0m $2.0m 0.03% Added +64.3k +64,304
13 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 66,88066.9k $1.7m $1.7m 0.00% Added +11.8k +11,787
14 NVWM, LLC 0.33% of their portfolio YARDLEY, PA 58,95159.0k $1.5m $1.5m 0.33% Added +35.0k +35,008
15 Lifetime Wealth Management P.C. 0.70% of their portfolio ROCKWALL, TX 43,05543.1k $1.1m $1.1m 0.70% First filing
16 Magnolia Private Wealth, LLC 0.66% of their portfolio PHILADELPHIA, PA 36,26136.3k $941.0k $941.0k 0.66% Reduced -26.1k -26,072
17 Andina Capital Management, LLC 0.56% of their portfolio LOGAN, UT 35,84035.8k $930.0k $930.0k 0.56% Added +2.0k +1,957
18 Ascentis Wealth Management, LLC 0.19% of their portfolio DALLAS, TX 30,71430.7k $797.0k $797.0k 0.19% Added +391 +391
19 Fermata Advisors, LLC 0.17% of their portfolio SONOMA, CA 27,22227.2k $706.4k $706.4k 0.17% Reduced -7.5k -7,521
20 FMA Wealth Management, LLC 0.39% of their portfolio DUXBURY, MA 22,95423.0k $595.7k $595.7k 0.39% Added +525 +525
21 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 22,22322.2k $576.7k $576.7k 0.01% Added +8 +8
22 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 21,86421.9k $567.4k $567.4k 0.01% Reduced -230.5k -230,462
23 Visionary Wealth Advisors 0.03% of their portfolio O'FALLON, IL 21,44821.4k $556.6k $556.6k 0.03% Reduced -1.5k -1,498
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,45419.5k $504.8k $504.8k 0.00% New
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 17,55417.6k $456.0k $456.0k 0.00% Added +7.5k +7,475
26 ORG Partners LLC 0.08% of their portfolio ROANOKE, IN 16,83416.8k $436.8k $436.8k 0.08% Reduced -1.9k -1,912
27 WFA of San Diego, LLC 0.32% of their portfolio SAN DIEGO, CA 16,76316.8k $435.0k $435.0k 0.32% Reduced -21 -21
28 Blueprint Investment Partners LLC 0.04% of their portfolio GREENSBORO, NC 15,88115.9k $412.1k $412.1k 0.04% Reduced -4.3k -4,319
29 Blueprint Financial Advisors LLC 0.06% of their portfolio GREENSBOTO, NC 15,88115.9k $412.1k $412.1k 0.06% Reduced -4.3k -4,319
30 KITCHING PARTNERS, LLC 0.36% of their portfolio CONSHOHOCKEN, PA 15,38015.4k $399.1k $399.1k 0.36% Reduced -28.1k -28,052
31 Tactive Advisors, LLC 0.11% of their portfolio Jacksonville, FL 14,41814.4k $374.2k $374.2k 0.11% Reduced -15.8k -15,847
32 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 13,91413.9k $361.1k $361.1k 0.01% Reduced -709 -709
33 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 11,07011.1k $287.3k $287.3k 0.01% Added +260 +260
34 Signet Private Wealth LLC 0.25% of their portfolio CHICAGO, IL 9,9269.9k $257.6k $257.6k 0.25% First filing
35 PFG Advisors 0.01% of their portfolio Phoenix, AZ 9,7539.8k $253.1k $253.1k 0.01% Reduced -7.6k -7,624
36 IPG Investment Advisors LLC 0.04% of their portfolio SAN DIEGO, CA 8,0488.0k $208.8k $208.8k 0.04% Unchanged
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,8792.9k $74.7k $74.7k 0.00% Reduced -77.7k -77,712
38 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 985985 $25.6k $25.6k 0.00% New
39 CWM, LLC 0.00% of their portfolio OMAHA, NE 840840 $22.0k $22.0k 0.00% Added +44 +44
40 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 408408 $10.6k $10.6k 0.00% Unchanged
41 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 400400 $10.4k $10.4k 0.00% New
42 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 259259 $6.7k $6.7k 0.00% New
43 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 121121 $3.1k $3.1k 0.00% Reduced -80 -80
44 Salomon & Ludwin, LLC 0.00% of their portfolio RICHMOND, VA 6161 $1.6k $1.6k 0.00% New
45 Creative Capital Management Investments LLC 0.00% of their portfolio SAN DIEGO, CA 44 $104 $104 0.00% Unchanged
46 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 22 $59 $59 0.00% Reduced -1.4k -1,350