KraneShares California Carbon Allowance Strategy ETF
KCCA
26 hedge funds and large institutions have $60.9M invested in KraneShares California Carbon Allowance Strategy ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
4% more funds holding
Funds holding: 25 → 26 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
6.36% less ownership
Funds ownership: 58.14% → 51.78% (-6.4%)
27% less capital invested
Capital invested by funds: $83.4M → $60.9M (-$22.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
+$3.75M |
| 2 |
BF
Brucke Financial
Indianapolis,
Indiana
|
+$564K |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$442K |
| 4 |
FCG
Fielder Capital Group
Nashville,
Tennessee
|
+$147K |
| 5 |
BFO
Biltmore Family Office
Charlotte,
North Carolina
|
+$31.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$10.9M |
| 2 |
STA
Summit Trail Advisors
New York
|
-$6.3M |
| 3 |
PCM
Permanent Capital Management
Chicago,
Illinois
|
-$2.79M |
| 4 |
BGA
Battery Global Advisors
Boston,
Massachusetts
|
-$2.38M |
| 5 |
Jane Street
New York
|
-$2.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $692 | +$17 | +1 | +3% |
|
|
27
Northern Trust
Chicago,
Illinois
| – | -$10.9M | -640,582 | Closed |
|
|
28
Jane Street
New York
| – | -$2.03M | -118,968 | Closed |
|
|
FTUS
29
Flow Traders U.S.
New York
| – | -$638K | -37,385 | Closed |
|
|
HCM
30
Hollencrest Capital Management
Newport Beach,
California
| – | -$427K | -25,000 | Closed |
|
|
QCM
31
Quantinno Capital Management
New York
| – | -$201K | -11,800 | Closed |
|
32
UBS Group
Zurich,
Switzerland
| – | -$9.41K | -551 | Closed |
|
KCCA Hedge Fund Activity: Q4 2025 in Review
26 of the 8,232 institutional investors tracked by Wall St. Rank reported a position in KraneShares California Carbon Allowance Strategy ETF (KCCA) for Q4 2025, worth a combined $60.9M — down 27% from $83.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KCCA positions and 6 closed out — a net gain of 1 holder — while 7 added to existing stakes and 7 trimmed.
The largest buyer was NewEdge Wealth, opening a new position worth an estimated $3.75M. The largest seller was Northern Trust, exiting entirely with an estimated $10.9M sold.
- 26 institutional investors held KraneShares California Carbon Allowance Strategy ETF (KCCA) as of Q4 2025, up from 25 in Q3 2025.
- Funds reported $60.9M of KraneShares California Carbon Allowance Strategy ETF stock for Q4 2025, down 27% quarter-over-quarter.
- 7 funds opened new KraneShares California Carbon Allowance Strategy ETF positions in Q4 2025 and 6 closed out, a net change of +1 holder.
- The largest KraneShares California Carbon Allowance Strategy ETF buyer in Q4 2025 was NewEdge Wealth, an estimated $3.75M added.
- The largest KraneShares California Carbon Allowance Strategy ETF seller in Q4 2025 was Northern Trust, an estimated $10.9M sold.
Based on aggregated 13F filings for Q4 2025.