KraneShares California Carbon Allowance Strategy ETF
KCCA
18 hedge funds and large institutions have $28M invested in KraneShares California Carbon Allowance Strategy ETF in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.1% less ownership
Funds ownership: 26.91% → 25.81% (-1.1%)
15% less capital invested
Capital invested by funds: $33M → $28M (-$4.95M)
18% less funds holding
Funds holding: 22 → 18 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.12M |
| 2 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
+$635K |
| 3 |
BGA
Battery Global Advisors
Boston,
Massachusetts
|
+$535K |
| 4 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$454K |
| 5 |
MWM
Maltin Wealth Management
Ridgewood,
New Jersey
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bienville Capital Management
New York
|
-$2.57M |
| 2 |
Jane Street
New York
|
-$908K |
| 3 |
CP
Clayton Partners
Berkeley,
California
|
-$672K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$366K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$348K |
KCCA Hedge Fund Activity: Q1 2025 in Review
18 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in KraneShares California Carbon Allowance Strategy ETF (KCCA) for Q1 2025, worth a combined $28M — down 15% from $33M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of KCCA and 3 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 8 added.
The largest buyer was Morgan Stanley, adding an estimated $3.12M. The largest seller was Bienville Capital Management, exiting entirely with an estimated $2.57M sold.
- 18 institutional investors held KraneShares California Carbon Allowance Strategy ETF (KCCA) as of Q1 2025, down from 22 in Q4 2024.
- Funds reported $28M of KraneShares California Carbon Allowance Strategy ETF stock for Q1 2025, down 15% quarter-over-quarter.
- 3 funds opened new KraneShares California Carbon Allowance Strategy ETF positions in Q1 2025 and 7 closed out, a net change of -4 holders.
- The largest KraneShares California Carbon Allowance Strategy ETF buyer in Q1 2025 was Morgan Stanley, an estimated $3.12M added.
- The largest KraneShares California Carbon Allowance Strategy ETF seller in Q1 2025 was Bienville Capital Management, an estimated $2.57M sold.
Based on aggregated 13F filings for Q1 2025.