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KraneShares CSI China Internet ETF
KWEB

335 hedge funds and large institutions have $5.28B invested in KraneShares CSI China Internet ETF in 2025 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 113 increasing their positions, 83 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 46

65% more capital invested

Capital invested by funds: $3.2B → $5.28B (+$2.09B)

36% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 83

21% more funds holding in top 10

Funds holding in top 10: 19 → 23 (+4)

15% more call options, than puts

Call options by funds: $5.02B | Put options by funds: $4.36B

13% more funds holding

Funds holding: 297 → 335 (+38)

5% more ownership

Funds ownership: 49.83% → 54.83% (+5%)

Holders
335
Holders Change
+38
Holders Change %
+12.79%
% of All Funds
4.4%
Holding in Top 10
23
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+21.05%
% of All Funds
0.3%
New
85
Increased
113
Reduced
83
Closed
46
Calls
$5.02B
Puts
$4.36B
Net Calls
+$658M
Net Calls Change
+$204M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$227M
2
Jane Street
Jane Street
New York
+$132M
3
AL
Appaloosa LP
New Jersey
+$128M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$85.2M
5
Barclays
Barclays
United Kingdom
+$83.4M

Top Sellers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$57.5M
2
Goldman Sachs
Goldman Sachs
New York
-$48.9M
3
MASUI
MIRAE ASSET SECURITIES (USA) INC.
New York
-$27.5M
4
CI
Clal Insurance
Israel
-$24.4M
5
Capital Fund Management (CFM)
Capital Fund Management (CFM)
France
-$22.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
KF
351
Krilogy Financial
Missouri
– -$4.92M -143,284 Closed
FI
352
Fosun International
China
– -$3.62M -105,451 Closed
AIC
353
Anthracite Investment Company
Texas
– -$2.56M -74,500 Closed
FC
354
Fore Capital
New York
– -$2.4M -70,000 Closed
SCP
355
Sender Company & Partners
New York
– -$2.36M -62,805 Closed
FM
356
Factorial Management
Hong Kong
– -$2.02M -58,900 Closed
Squarepoint
357
Squarepoint
New York
– -$1.73M -46,020 Closed
TSS
358
Two Sigma Securities
New York
– -$1.31M -38,177 Closed
SMTF
359
Sphera Management Technology Funds
Israel
– -$1.2M -35,000 Closed
AGC
360
Aspen Grove Capital
Colorado
– -$1.07M -31,300 Closed
CCS
361
Concentric Capital Strategies
Connecticut
– -$1.06M -30,762 Closed
Citadel Advisors
362
Citadel Advisors
Florida
– -$1.11M -29,619 Closed
MG
363
Marex Group
– -$946K -25,235 Closed
WWM
364
Whalen Wealth Management
Nevada
– -$516K -15,030 Closed
KLCM
365
KG&L Capital Management
Louisiana
– -$443K -12,904 Closed
FTUS
366
Flow Traders U.S.
New York
– -$394K -11,472 Closed
CMTU
367
Capital Markets Trading (UK)
United Kingdom
– -$376K -10,948 Closed
PHK
368
Point72 Hong Kong
Hong Kong
– -$343K -10,000 Closed
FIA
369
FNY Investment Advisers
New York
– -$364K -9,695 Closed
SFG
370
Sovereign Financial Group
Connecticut
– -$327K -9,538 Closed
VAM
371
Vienna Asset Management
California
– -$295K -8,600 Closed
CIA
372
Cape Investment Advisory
Georgia
– -$185K -5,402 Closed
PSFG
373
Park Square Financial Group
Georgia
– -$41.2K -1,200 Closed
WSFS
374
Wilmington Savings Fund Society
Delaware
– -$24K -700 Closed
RAM
375
Riggs Asset Management
Pennsylvania
– -$19.9K -580 Closed
12 13 14
15
16

KWEB Hedge Fund Activity: Q3 2025 in Review

335 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in KraneShares CSI China Internet ETF (KWEB) for Q3 2025, worth a combined $5.28B — up 65% from $3.2B a quarter earlier.

Buyers outnumbered sellers: 85 funds opened new KWEB positions and 46 closed out — a net gain of 39 holders — while 113 added to existing stakes and 83 trimmed.

The largest buyer was Bank of America, adding an estimated $227M. The largest seller was D.E. Shaw & Co, cutting an estimated $57.5M.

  • 335 institutional investors held KraneShares CSI China Internet ETF (KWEB) as of Q3 2025, up from 297 in Q2 2025.
  • Funds reported $5.28B of KraneShares CSI China Internet ETF stock for Q3 2025, up 65% quarter-over-quarter.
  • 85 funds opened new KraneShares CSI China Internet ETF positions in Q3 2025 and 46 closed out, a net change of +39 holders.
  • The largest KraneShares CSI China Internet ETF buyer in Q3 2025 was Bank of America, an estimated $227M added.
  • The largest KraneShares CSI China Internet ETF seller in Q3 2025 was D.E. Shaw & Co, an estimated $57.5M sold.

Based on aggregated 13F filings for Q3 2025.