Vault-13

KRANESHARES TRUST KMLM

KFA MOUNT LUCAS · ETP · CUSIP 500767652

50 institutional holders +4 vs Q4 2025
3,569,8723.6m shares reported held*
$99.3mreported value*
14 new 18 added 13 reduced 8 sold out net bought ≈ $40.4m (+1.5m 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 ($379.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.83.

Trends to Q1 2026

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: 46Q1 26: 5050Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202650

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 37 bought or addedQ2 24: 26 cut or sold outQ3 24: 33 bought or addedQ3 24: 25 cut or sold outQ3 24Q4 24: 28 bought or addedQ4 24: 29 cut or sold outQ1 25: 32 bought or addedQ1 25: 20 cut or sold outQ1 25Q2 25: 21 bought or addedQ2 25: 33 cut or sold outQ3 25: 25 bought or addedQ3 25: 28 cut or sold outQ3 25Q4 25: 23 bought or addedQ4 25: 31 cut or sold outQ1 26: 32 bought or addedQ1 26: 21 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243726
Q3 20243325
Q4 20242829
Q1 20253220
Q2 20252133
Q3 20252528
Q4 20252331
Q1 20263221

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 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 —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$4.2m$00.00
Q4 2025$0$0—
Q1 2026$0$0—

Biggest buyers

POTOMAC FUND MANAGEMENT INC /ADV New +995,402+995.4k
GeoWealth Management, LLC New +93,321+93.3k
MANNING & NAPIER ADVISORS LLC Added +82,745+82.7k
Kovack Advisors, Inc. New +71,419+71.4k
ENVESTNET ASSET MANAGEMENT INC Added +64,300+64.3k
ABBINGTON INVESTMENT GROUP Added +53,478+53.5k
Magnolia Private Wealth, LLC Added +48,454+48.5k
RAYMOND JAMES FINANCIAL INC Added +45,875+45.9k
Ascentis Independent Advisors New +34,595+34.6k
Sound Financial Strategies Group, LLC Added +33,678+33.7k

Biggest sellers

JANE STREET GROUP, LLC Sold out -126,051-126.1k
NVWM, LLC Reduced -17,187-17.2k
KITCHING PARTNERS, LLC Sold out -15,380-15.4k
Tactive Advisors, LLC Sold out -14,418-14.4k
Signet Private Wealth LLC Sold out -9,926-9.9k
PFG Advisors Sold out -9,753-9.8k
Andina Capital Management, LLC Reduced -6,615-6.6k
Atria Investments, Inc Reduced -4,016-4.0k
Ancora Advisors LLC Reduced -3,715-3.7k
Blueprint Investment Partners LLC Reduced -2,411-2.4k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 POTOMAC FUND MANAGEMENT INC /ADV 0.98% of their portfolio BETHESDA, MD 995,402995.4k $28.1m $28.1m 0.98% New
2 Ted Buchan & Co 3.15% of their portfolio San Diego, CA 307,401307.4k $8.7m $8.7m 3.15% Added +28.5k +28,547
3 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 256,612256.6k $7.2m $7.2m 0.00% Added +45.9k +45,875
4 ABBINGTON INVESTMENT GROUP 4.00% of their portfolio WESTPORT, CT 243,944243.9k $6.9m $6.9m 4.00% Added +53.5k +53,478
5 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 164,071164.1k $4.6m $4.6m 0.00% Added +64.3k +64,300
6 MANNING & NAPIER ADVISORS LLC 0.06% of their portfolio Fairport, NY 159,971160.0k $4.5m $4.5m 0.06% Added +82.7k +82,745
7 Longview Financial Advisors, Inc. 2.32% of their portfolio HUNTSVILLE, AL 134,613134.6k $3.8m $3.8m 2.32% Added +7.6k +7,592
8 Sound Financial Strategies Group, LLC 2.18% of their portfolio MADISON, MS 113,040113.0k $3.2m $3.2m 2.18% Added +33.7k +33,678
9 Illumine Investment Management, LLC 2.38% of their portfolio POULSBO, WA 109,677109.7k $3.1m $3.1m 2.38% Added +265 +265
10 GeoWealth Management, LLC 0.09% of their portfolio CHICAGO, IL 93,32193.3k $2.6m $2.6m 0.09% New
11 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 90,46690.5k $2.6m $2.6m 0.00% Added +5.4k +5,369
12 Magnolia Private Wealth, LLC 0.69% of their portfolio PHILADELPHIA, PA 84,71584.7k $1.0m $1.0m 0.69% Added +48.5k +48,454
13 Latitude Advisors, LLC 1.02% of their portfolio YORKVILLE, IL 79,27679.3k $2.2m $2.2m 1.02% Added +529 +529
14 CSS LLC/IL 0.12% of their portfolio CHICAGO, IL 78,02778.0k $2.2m $2.2m 0.12% Unchanged
15 Kovack Advisors, Inc. 0.11% of their portfolio FT. LAUDERDALE, FL 71,41971.4k $2.0m $2.0m 0.11% New
16 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 69,13969.1k $1.9m $1.9m 0.00% Added +2.3k +2,259
17 Lifetime Wealth Management P.C. 0.74% of their portfolio ROCKWALL, TX 45,85845.9k $1.3m $1.3m 0.74% Added +2.8k +2,803
18 NVWM, LLC 0.26% of their portfolio YARDLEY, PA 41,76441.8k $1.2m $1.2m 0.26% Reduced -17.2k -17,187
19 Ascentis Wealth Management, LLC 0.23% of their portfolio DALLAS, TX 40,85340.9k $1.2m $1.2m 0.23% Added +10.1k +10,139
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 38,57938.6k $1.1m $1.1m 0.00% Added +21.0k +21,025
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 37,97038.0k $1.1m $1.1m 0.00% Added +18.5k +18,516
22 Ascentis Independent Advisors 0.07% of their portfolio DALLAS, TX 34,59534.6k $975.6k $975.6k 0.07% New
23 Ferguson Shapiro LLC 0.26% of their portfolio DECATUR, GA 30,45030.4k $858.7k $858.7k 0.26% New
24 Fermata Advisors, LLC 0.19% of their portfolio SONOMA, CA 29,34229.3k $827.4k $827.4k 0.19% Added +2.1k +2,120
25 Andina Capital Management, LLC 0.73% of their portfolio LOGAN, UT 29,22529.2k $824.1k $824.1k 0.73% Reduced -6.6k -6,615
26 FMA Wealth Management, LLC 0.43% of their portfolio DUXBURY, MA 22,95423.0k $647.3k $647.3k 0.43% Unchanged
27 Visionary Wealth Advisors 0.03% of their portfolio O'FALLON, IL 20,44320.4k $576.5k $576.5k 0.03% Reduced -1.0k -1,005
28 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 18,20718.2k $513.4k $513.4k 0.01% Reduced -4.0k -4,016
29 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 18,14918.1k $511.8k $511.8k 0.01% Reduced -3.7k -3,715
30 WFA of San Diego, LLC 0.38% of their portfolio SAN DIEGO, CA 16,90416.9k $476.7k $476.7k 0.38% Added +141 +141
31 Altiora Financial Group, LLC 0.08% of their portfolio LEBANON, OH 16,25016.2k $458.2k $458.2k 0.08% New
32 Blueprint Investment Partners LLC 0.04% of their portfolio GREENSBORO, NC 13,47013.5k $379.9k $379.9k 0.04% Reduced -2.4k -2,411
33 Blueprint Financial Advisors LLC 0.06% of their portfolio GREENSBOTO, NC 13,47013.5k $379.9k $379.9k 0.06% Reduced -2.4k -2,411
34 Signal Advisors Wealth, LLC 0.03% of their portfolio DETROIT, MI 13,05513.1k $368.2k $368.2k 0.03% New
35 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 12,71312.7k $358.5k $358.5k 0.01% Reduced -1.2k -1,201
36 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 10,87010.9k $306.5k $306.5k 0.01% Reduced -200 -200
37 Worth Asset Management, LLC 0.10% of their portfolio DALLAS, TX 9,6649.7k $272.5k $272.5k 0.10% New
38 IPG Investment Advisors LLC 0.04% of their portfolio SAN DIEGO, CA 8,0488.0k $227.0k $227.0k 0.04% Unchanged
39 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 5,0595.1k $142.7k $142.7k 0.00% New
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,3182.3k $65.4k $65.4k 0.00% Reduced -561 -561
41 CWM, LLC 0.00% of their portfolio OMAHA, NE 655655 $18.5k $18.5k 0.00% Reduced -185 -185
42 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 408408 $11.5k $11.5k 0.00% Unchanged
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 400400 $11.3k $11.3k 0.00% New
44 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 298298 $8.4k $8.4k 0.00% New
45 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 120120 $3.4k $3.4k 0.00% Reduced -1 -1
46 NBT BANK, N.A. 0.00% of their portfolio NORWICH, NY 120120 $3.4k $3.4k 0.00% New
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2626 $733 $733 0.00% New
48 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 66 $169 $169 0.00% New
49 Creative Capital Management Investments LLC 0.00% of their portfolio SAN DIEGO, CA 44 $113 $113 0.00% Unchanged
50 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $54 $54 0.00% Reduced -1 -1