Vault-13

KRANESHARES TRUST KSTR

SSE STAR MRKT 50 · ETP · CUSIP 500767694

36 institutional holders +24 vs Q1 2026
5,133,7295.1m shares reported held*
$142.0mreported value*
26 new 6 added 1 reduced 2 sold out net bought ≈ $88.5m (+3.5m 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. Holder counts are more reliable. Implied quarter-end price ≈ $27.66. Options: 3 managers hold calls ($5.2m notional), 3 hold puts ($4.2m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 18Q4 22: 10Q1 23: 8Q2 23: 11Q3 23: 11Q4 23: 11Q1 24: 9Q2 24: 9Q3 24: 6Q4 24: 7Q1 25: 6Q2 25: 7Q3 25: 9Q4 25: 6Q1 26: 12Q2 26: 3636Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202218
Q4 202210
Q1 20238
Q2 202311
Q3 202311
Q4 202311
Q1 20249
Q2 20249
Q3 20246
Q4 20247
Q1 20256
Q2 20257
Q3 20259
Q4 20256
Q1 202612
Q2 202636

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 2 bought or addedQ3 24: 5 cut or sold outQ4 24: 3 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 5 cut or sold outQ2 25: 5 bought or addedQ2 25: 2 cut or sold outQ2 25Q3 25: 7 bought or addedQ3 25: 4 cut or sold outQ4 25: 2 bought or addedQ4 25: 5 cut or sold outQ4 25Q1 26: 10 bought or addedQ1 26: 3 cut or sold outQ2 26: 32 bought or addedQ2 26: 3 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202425
Q4 202434
Q1 202545
Q2 202552
Q3 202574
Q4 202525
Q1 2026103
Q2 2026323

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $5.2mQ2 26 puts: $4.2mQ2 26P/C 0.80
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$5.2m$4.2m0.80

Biggest buyers

BANK OF MONTREAL /CAN/ New +1,683,700+1.7m
Varma Mutual Pension Insurance Co Added +700,000+700.0k
CITADEL ADVISORS LLC Added +192,579+192.6k
DRW Securities, LLC New +190,394+190.4k
UBS Group AG New +168,800+168.8k
Laurion Capital Management LP New +110,000+110.0k
MILLENNIUM MANAGEMENT LLC New +93,250+93.2k
LPL Financial LLC New +83,175+83.2k
PRUDENTIAL PLC Added +70,600+70.6k
TT International Asset Management LTD New +69,993+70.0k

Biggest sellers

OLD MISSION CAPITAL LLC Sold out -157,966-158.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -55,514-55.5k
OSAIC HOLDINGS, INC. Reduced -15-15

Biggest calls

CITADEL ADVISORS LLC New $2.7m83.1k shares
JANE STREET GROUP, LLC New $1.8m56.5k shares
Belvedere Trading LLC New $702.0k21.7k shares

Biggest puts

JANE STREET GROUP, LLC New $3.2m97.9k shares
CITADEL ADVISORS LLC New $944.6k29.2k shares
Belvedere Trading LLC New $61.5k1.9k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Varma Mutual Pension Insurance Co 0.30% of their portfolio Varma, H9 1,740,6311.7m $56.3m $56.3m 0.30% Added +700.0k +700,000
2 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,683,7001.7m $30.4m $30.4m 0.01% New
3 PRUDENTIAL PLC 0.09% of their portfolio LONDON, X0 422,990423.0k $13.7m $13.7m 0.09% Added +70.6k +70,600
4 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 207,676207.7k $6.7m $6.7m 0.00% Added +192.6k +192,579
5 DRW Securities, LLC 0.37% of their portfolio CHICAGO, IL 190,394190.4k $6.2m $6.2m 0.37% New
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 168,800168.8k $5.5m $5.5m 0.00% New
7 Laurion Capital Management LP 0.26% of their portfolio NEW YORK, NY 110,000110.0k $3.6m $3.6m 0.26% New
8 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 93,25093.2k $3.0m $3.0m 0.00% New
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 83,17583.2k $2.7m $2.7m 0.00% New
10 TT International Asset Management LTD 0.29% of their portfolio LONDON, X0 69,99370.0k $2.3m $2.3m 0.29% New
11 Jain Global LLC 0.02% of their portfolio NEW YORK, NY 56,95357.0k $1.8m $1.8m 0.02% New
12 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 56,25156.3k $1.8m $1.8m 0.03% New
13 Trek Financial, LLC 0.07% of their portfolio Scottsdale, AZ 41,23741.2k $1.3m $1.3m 0.07% New
14 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 25,00025.0k $808.8k $808.8k 0.01% New
15 Dunhill Financial, LLC 0.15% of their portfolio LONDON, X0 23,22223.2k $751.3k $751.3k 0.15% Unchanged
16 Pekin Hardy Strauss, Inc. 0.07% of their portfolio CHICAGO, IL 22,85022.9k $739.2k $739.2k 0.07% New
17 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 20,71120.7k $670.0k $670.0k 0.02% Added +20.1k +20,148
18 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 20,00020.0k $647.0k $647.0k 0.00% New
19 Whalen Wealth Management Inc. 0.25% of their portfolio LAS VEGAS, NV 17,07517.1k $552.4k $552.4k 0.25% New
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,98914.0k $452.0k $452.0k 0.00% New
21 Belvedere Trading LLC 0.03% of their portfolio CHICAGO, IL 10,61910.6k $343.5k $343.5k 0.03% New
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,00010.0k $323.5k $323.5k 0.00% New
23 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 8,9388.9k $289.1k $289.1k 0.00% New
24 INTERCAPITAL, LLC 0.12% of their portfolio AUSTIN, TX 8,3488.3k $270.1k $270.1k 0.12% New
25 CERTUITY, LLC 0.01% of their portfolio NORTH PALM BEACH, FL 8,2678.3k $267.4k $267.4k 0.01% New
26 NKCFO LLC 0.06% of their portfolio GENEVA, IL 6,0006.0k $194.0k $194.0k 0.06% New
27 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 4,4034.4k $135.6k $135.6k 0.00% Added +724 +724
28 NATIXIS 0.00% of their portfolio PARIS, I0 2,4702.5k $80.1k $80.1k 0.00% New
29 Manchester Capital Management LLC 0.01% of their portfolio MANCHESTER, VT 1,7251.7k $55.8k $55.8k 0.01% Unchanged
30 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1,5301.5k $49.5k $49.5k 0.00% New
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 942942 $30.5k $30.5k 0.00% Reduced -15 -15
32 FMR LLC 0.00% of their portfolio BOSTON, MA 845845 $27.3k $27.3k 0.00% Added +73 +73
33 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 683683 $22.1k $22.1k 0.00% New
34 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 600600 $19.4k $19.4k 0.00% Unchanged
35 Ankerstar Wealth, LLC 0.01% of their portfolio LEANDER, TX 377377 $12.2k $12.2k 0.01% New
36 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 8585 $2.8k $2.8k 0.00% New