BW Gestao de Investimentos’s KraneShares CSI China Internet ETF KWEB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-323,100	Closed	-$12.4M	–	223
2025 Q3	$13.6M	Sell	323,100 -263,700	-45%	-$9.89M	0.59%	40
2025 Q2	$20.1M	Buy	586,800 +247,800	+73%	+$8.21M	0.86%	36
2025 Q1	$11.8M	Buy	+339,000	New	+$11.2M	0.37%	42
2024 Q1	–	Sell	-570,000	Closed	-$15.4M	–	100
2023 Q4	$15.4M	Sell	570,000 -210,000	-27%	-$5.69M	0.49%	46
2023 Q3	$21.3M	Buy	+780,000	New	+$22.2M	2.5%	11
2022 Q4	–	Sell	-410,000	Closed	-$10.1M	–	67
2022 Q3	$10.1M	Buy	+410,000	New	+$11.8M	2.36%	20
2021 Q3	–	Sell	-147,700	Closed	-$10.3M	–	54
2021 Q2	$10.3M	Sell	147,700 -199,013	-57%	-$14.3M	3.69%	9
2021 Q1	$26.5M	Sell	346,713 -26,250	-7%	-$2.3M	7.5%	2
2020 Q4	$28.6M	Sell	372,963 -147,946	-28%	-$11M	9.37%	3
2020 Q3	$35.5M	Buy	+520,909	New	+$35.4M	15.71%	1
2020 Q1	–	Sell	-315,600	Closed	-$15.4M	–	64
2019 Q4	$15.4M	Buy	315,600 +215,600	+216%	+$9.86M	4%	5
2019 Q3	$4.13M	Buy	+100,000	New	+$4.24M	1.56%	11
2019 Q1	–	Sell	-30,200	Closed	-$1.13M	–	102
2018 Q4	$1.13M	Hold	30,200	–	–	0.44%	31
2018 Q3	$1.47M	Hold	30,200	–	–	0.4%	38
2018 Q2	$1.8M	Sell	30,200 -72,200	-71%	-$4.42M	0.41%	32
2018 Q1	$6.29M	Buy	+102,400	New	+$6.57M	0.81%	14