Vault-13

KRANESHARES TRUST KMLM

KFA MOUNT LUCAS · ETP · CUSIP 500767652

62 institutional holders +12 vs Q1 2026
3,083,9903.1m shares reported held*
$86.6mreported value*
20 new 22 added 12 reduced 9 sold out net sold ≈ $13.5m (-490.7k 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 ($494.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $28.08.

Trends to Q2 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: 50Q2 26: 6262Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 202662

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 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 25Q1 26: 32 bought or addedQ1 26: 21 cut or sold outQ2 26: 42 bought or addedQ2 26: 21 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243325
Q4 20242829
Q1 20253220
Q2 20252133
Q3 20252528
Q4 20252331
Q1 20263221
Q2 20264221

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 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 —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$4.2m$00.00
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

Alliance Wealth Advisors, LLC /UT New +257,219+257.2k
ENVESTNET ASSET MANAGEMENT INC Added +106,093+106.1k
MANNING & NAPIER ADVISORS LLC Added +80,574+80.6k
LPL Financial LLC New +59,746+59.7k
Beacon Capital Management, Inc. New +55,464+55.5k
RAYMOND JAMES FINANCIAL INC Added +47,585+47.6k
CIBC WORLD MARKET INC. New +34,215+34.2k
SteelPeak Wealth, LLC New +33,581+33.6k
Persium Advisors, LLC New +28,950+28.9k
Ameritas Advisory Services, LLC New +27,068+27.1k

Biggest sellers

POTOMAC FUND MANAGEMENT INC /ADV Sold out -995,402-995.4k
Illumine Investment Management, LLC Reduced -109,677-109.7k
GeoWealth Management, LLC Sold out -93,321-93.3k
Kovack Advisors, Inc. Reduced -56,284-56.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -37,970-38.0k
Ascentis Independent Advisors Sold out -34,595-34.6k
Ferguson Shapiro LLC Sold out -30,450-30.4k
Andina Capital Management, LLC Sold out -29,225-29.2k
Signal Advisors Wealth, LLC Sold out -13,055-13.1k
Worth Asset Management, LLC Sold out -9,664-9.7k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Ted Buchan & Co 2.78% of their portfolio San Diego, CA 309,090309.1k $8.5m $8.5m 2.78% Added +1.7k +1,689
2 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 304,197304.2k $8.4m $8.4m 0.00% Added +47.6k +47,585
3 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 270,164270.2k $7.4m $7.4m 0.00% Added +106.1k +106,093
4 Alliance Wealth Advisors, LLC /UT 1.33% of their portfolio Centerville, UT 257,219257.2k $7.1m $7.1m 1.33% New
5 ABBINGTON INVESTMENT GROUP 4.43% of their portfolio WESTPORT, CT 252,724252.7k $7.0m $7.0m 4.43% Added +8.8k +8,780
6 MANNING & NAPIER ADVISORS LLC 0.08% of their portfolio Fairport, NY 240,545240.5k $6.6m $6.6m 0.08% Added +80.6k +80,574
7 Longview Financial Advisors, Inc. 2.06% of their portfolio HUNTSVILLE, AL 127,935127.9k $3.5m $3.5m 2.06% Reduced -6.7k -6,678
8 Sound Financial Strategies Group, LLC 1.97% of their portfolio MADISON, MS 113,028113.0k $3.1m $3.1m 1.97% Reduced -12 -12
9 Magnolia Private Wealth, LLC 0.86% of their portfolio PHILADELPHIA, PA 104,924104.9k $1.6m $1.6m 0.86% Added +20.2k +20,209
10 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 91,20491.2k $2.5m $2.5m 0.00% Added +738 +738
11 CSS LLC/IL 0.10% of their portfolio CHICAGO, IL 80,74780.7k $2.2m $2.2m 0.10% Added +2.7k +2,720
12 Latitude Advisors, LLC 0.87% of their portfolio YORKVILLE, IL 78,82778.8k $2.2m $2.2m 0.87% Reduced -449 -449
13 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 72,91772.9k $2.0m $2.0m 0.00% Added +3.8k +3,778
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 59,74659.7k $1.6m $1.6m 0.00% New
15 Beacon Capital Management, Inc. 0.09% of their portfolio DAYTON, OH 55,46455.5k $1.5m $1.5m 0.09% New
16 Ascentis Wealth Management, LLC 0.23% of their portfolio DALLAS, TX 55,05755.1k $1.5m $1.5m 0.23% Added +14.2k +14,204
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 52,88052.9k $1.5m $1.5m 0.00% Added +14.3k +14,301
18 Lifetime Wealth Management P.C. 0.72% of their portfolio ROCKWALL, TX 44,90744.9k $1.2m $1.2m 0.72% Reduced -951 -951
19 NVWM, LLC 0.23% of their portfolio YARDLEY, PA 41,19541.2k $1.1m $1.1m 0.23% Reduced -569 -569
20 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 34,21534.2k $941.6k $941.6k 0.00% New
21 SteelPeak Wealth, LLC 0.02% of their portfolio WOODLAND HILLS, CA 33,58133.6k $924.1k $924.1k 0.02% New
22 Fermata Advisors, LLC 0.17% of their portfolio SONOMA, CA 30,83730.8k $848.6k $848.6k 0.17% Added +1.5k +1,495
23 Persium Advisors, LLC 0.52% of their portfolio ATLANTA, GA 28,95028.9k $796.7k $796.7k 0.52% New
24 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 27,06827.1k $744.9k $744.9k 0.02% New
25 Altiora Financial Group, LLC 0.10% of their portfolio LEBANON, OH 23,97524.0k $659.8k $659.8k 0.10% Added +7.7k +7,725
26 FMA Wealth Management, LLC 0.40% of their portfolio DUXBURY, MA 22,76522.8k $626.5k $626.5k 0.40% Reduced -189 -189
27 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 21,90121.9k $602.7k $602.7k 0.01% Added +3.7k +3,694
28 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 18,39418.4k $506.2k $506.2k 0.00% New
29 WFA of San Diego, LLC 0.43% of their portfolio SAN DIEGO, CA 18,11118.1k $521.6k $521.6k 0.43% Added +1.2k +1,207
30 Visionary Wealth Advisors 0.02% of their portfolio O'FALLON, IL 18,09518.1k $498.0k $498.0k 0.02% Reduced -2.3k -2,348
31 Blueprint Investment Partners LLC 0.04% of their portfolio GREENSBORO, NC 17,97918.0k $494.8k $494.8k 0.04% Added +4.5k +4,509
32 Blueprint Financial Advisors LLC 0.05% of their portfolio GREENSBOTO, NC 17,97918.0k $494.8k $494.8k 0.05% Added +4.5k +4,509
33 FIDUCIARY FINANCIAL ADVISORS 0.05% of their portfolio GRAND RAPIDS, MI 16,83916.8k $462.7k $462.7k 0.05% New
34 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 15,45315.5k $425.3k $425.3k 0.00% New
35 Kovack Advisors, Inc. 0.02% of their portfolio FT. LAUDERDALE, FL 15,13515.1k $416.6k $416.6k 0.02% Reduced -56.3k -56,284
36 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 14,91314.9k $410.4k $410.4k 0.01% Added +2.2k +2,200
37 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 13,78913.8k $379.5k $379.5k 0.01% Reduced -4.4k -4,360
38 Claro Advisors Inc. 0.04% of their portfolio BOSTON, MA 13,27813.3k $365.4k $365.4k 0.04% New
39 INVESTED ADVISORS 0.31% of their portfolio STATE COLLEGE, PA 12,92912.9k $355.8k $355.8k 0.31% New
40 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 10,21210.2k $281.0k $281.0k 0.01% Reduced -658 -658
41 COMPASS FINANCIAL MANAGEMENT LLC 0.03% of their portfolio TAMPA, FL 9,8509.8k $276.5k $276.5k 0.03% First filing
42 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 9,7619.8k $268.6k $268.6k 0.00% New
43 INDEPENDENT FINANCIAL GROUP, LLC 0.00% of their portfolio SAN DIEGO, CA 9,2219.2k $253.8k $253.8k 0.00% New
44 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 8,5258.5k $234.6k $234.6k 0.00% New
45 IPG Investment Advisors LLC 0.03% of their portfolio SAN DIEGO, CA 8,0488.0k $221.5k $221.5k 0.03% Unchanged
46 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 7,4137.4k $204.0k $204.0k 0.00% New
47 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,7053.7k $102.0k $102.0k 0.00% Added +3.3k +3,305
48 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,1382.1k $58.9k $58.9k 0.00% Reduced -180 -180
49 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,6351.6k $45.0k $45.0k 0.00% New
50 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 636636 $17.5k $17.5k 0.00% New
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 624624 $17.2k $17.2k 0.00% Added +598 +598
52 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 408408 $11.2k $11.2k 0.00% Unchanged
53 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 298298 $8.2k $8.2k 0.00% Unchanged
54 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 130130 $3.6k $3.6k 0.00% First filing
55 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 121121 $3.3k $3.3k 0.00% Added +1 +1
56 NBT BANK, N.A. 0.00% of their portfolio NORWICH, NY 120120 $3.3k $3.3k 0.00% Unchanged
57 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 103103 $2.8k $2.8k 0.00% New
58 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 4848 $1.3k $1.3k 0.00% Added +42 +42
59 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1212 $328 $328 0.00% New
60 Creative Capital Management Investments LLC 0.00% of their portfolio SAN DIEGO, CA 44 $110 $110 0.00% Unchanged
61 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $52 $52 0.00% Unchanged
62 Illumine Investment Management, LLC 1.97% of their portfolio POULSBO, WA 00 $3.0m $3.0m 1.97% Reduced -109.7k -109,677