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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
26
Holders Change
+1
Holders Change %
+4%
% of All Funds
0.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
7
Reduced
7
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NW
NewEdge Wealth
Pennsylvania
+$3.75M
2
BF
Brucke Financial
Indiana
+$564K
3
PMAM
Picton Mahoney Asset Management
Ontario, Canada
+$442K
4
FCG
Fielder Capital Group
Tennessee
+$147K
5
BFO
Biltmore Family Office
North Carolina
+$31.5K

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$10.9M
2
STA
Summit Trail Advisors
New York
-$6.3M
3
PCM
Permanent Capital Management
Illinois
-$2.79M
4
BGA
Battery Global Advisors
Massachusetts
-$2.38M
5
Jane Street
Jane Street
New York
-$2.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
STA
1
Summit Trail Advisors
New York
$20.8M -$6.3M -369,305 -23%
KAM
2
Knightsbridge Asset Management
California
$14.3M -$546K -31,998 -4%
FCG
3
Fielder Capital Group
Tennessee
$8.59M +$147K +8,601 +2%
Morgan Stanley
4
Morgan Stanley
New York
$8.09M -$69.5K -4,074 -0.8%
NW
5
NewEdge Wealth
Pennsylvania
$3.7M +$3.75M +220,009 New
BMCM
6
Black Maple Capital Management
Wisconsin
$1.77M – – –
PMAM
7
Picton Mahoney Asset Management
Ontario, Canada
$896K +$442K +25,900 +95%
BF
8
Brucke Financial
Indiana
$556K +$564K +33,067 New
BFO
9
Biltmore Family Office
North Carolina
$303K +$31.5K +1,846 +11%
MWM
10
Maltin Wealth Management
New Jersey
$287K +$8.25K +484 +3%
SFS
11
Sharp Financial Services
Pennsylvania
$270K +$9.75K +572 +4%
FWP
12
Flatrock Wealth Partners
California
$270K +$274K +16,055 New
PCM
13
Permanent Capital Management
Illinois
$261K -$2.79M -163,700 -91%
GEM
14
Global Endowment Management
North Carolina
$225K – – –
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$186K -$387K -22,677 -67%
TFCP
16
Twin Focus Capital Partners
Massachusetts
$179K – – –
SG
17
Sankala Group
Colorado
$106K +$119K +7,005 New
AFC
18
Ares Financial Consulting
California
$18.8K +$19.1K +1,118 New
CCM
19
Chilton Capital Management
Texas
$16.8K – – –
MCM
20
MAI Capital Management
Ohio
$16K +$16.2K +950 New
Simplex Trading
21
Simplex Trading
Illinois
$15.2K -$159K -9,328 -91%
OWP
22
ORG Wealth Partners
Texas
$14.6K +$375 +22 +3%
BGA
23
Battery Global Advisors
Massachusetts
$9.72K -$2.38M -139,745 -100%
WT
24
Whittier Trust
California
$1.83K – – –
SFG
25
Strive Financial Group
Indiana
$1.51K +$1.53K +90 New
1
2

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.