KraneShares California Carbon Allowance Strategy ETF
KCCA
21 hedge funds and large institutions have $54.4M invested in KraneShares California Carbon Allowance Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
94% more capital invested
Capital invested by funds: $28M → $54.4M (+$26.3M)
25.73% more ownership
Funds ownership: 25.81% → 51.54% (+26%)
17% more funds holding
Funds holding: 18 → 21 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
STA
Summit Trail Advisors
New York
|
+$23.3M |
| 2 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
+$5.79M |
| 3 |
BMCM
Black Maple Capital Management
Milwaukee,
Wisconsin
|
+$1.18M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$388K |
| 5 |
BGA
Battery Global Advisors
Boston,
Massachusetts
|
+$301K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.04M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$213K |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$83K |
| 4 |
BFO
Biltmore Family Office
Charlotte,
North Carolina
|
-$33.7K |
| 5 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$24.3K |
KCCA Hedge Fund Activity: Q2 2025 in Review
21 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in KraneShares California Carbon Allowance Strategy ETF (KCCA) for Q2 2025, worth a combined $54.4M — up 94% from $28M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new KCCA positions and 2 closed out — a net gain of 4 holders — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Summit Trail Advisors, opening a new position worth an estimated $23.3M. The largest seller was Morgan Stanley, cutting an estimated $1.04M.
- 21 institutional investors held KraneShares California Carbon Allowance Strategy ETF (KCCA) as of Q2 2025, up from 18 in Q1 2025.
- Funds reported $54.4M of KraneShares California Carbon Allowance Strategy ETF stock for Q2 2025, up 94% quarter-over-quarter.
- 6 funds opened new KraneShares California Carbon Allowance Strategy ETF positions in Q2 2025 and 2 closed out, a net change of +4 holders.
- The largest KraneShares California Carbon Allowance Strategy ETF buyer in Q2 2025 was Summit Trail Advisors, an estimated $23.3M added.
- The largest KraneShares California Carbon Allowance Strategy ETF seller in Q2 2025 was Morgan Stanley, an estimated $1.04M sold.
Based on aggregated 13F filings for Q2 2025.