KraneShares CSI China Internet ETF
KWEB
297 hedge funds and large institutions have $3.2B invested in KraneShares CSI China Internet ETF in 2025 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 90 increasing their positions, 115 reducing their positions, and 87 closing their positions.
32% more call options, than puts
Call options by funds: $1.86B | Put options by funds: $1.41B
0.7% less ownership
Funds ownership: 50.52% → 49.83% (-0.7%)
14% less funds holding in top 10
Funds holding in top 10: 22 → 19 (-3)
15% less funds holding
Funds holding: 348 → 297 (-51)
21% less capital invested
Capital invested by funds: $4.06B → $3.2B (-$869M)
22% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 115
56% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 87
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$48.8M |
| 2 |
Temasek Holdings
Singapore
|
+$48.4M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$26.6M |
| 4 |
MASUI
MIRAE ASSET SECURITIES (USA) INC.
New York
|
+$21.6M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$17.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APF
Alaska Permanent Fund
Juneau,
Alaska
|
-$102M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$96.2M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$94.3M |
| 4 |
SPC
Slate Path Capital
New York
|
-$94.1M |
| 5 |
Morgan Stanley
New York
|
-$63.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UBP
376
Union Bancaire Privee
Geneva 1,
Switzerland
| – | -$35K | -1,000 | Closed |
|
|
BAM
377
Brave Asset Management
Summit,
New Jersey
| – | -$15.3K | -439 | Closed |
|
|
NG
378
Novem Group
Rochester,
New York
| – | -$14.3K | -410 | Closed |
|
379
Russell Investments Group
London,
United Kingdom
| – | -$4.64K | -133 | Closed |
|
|
ACA
380
American Capital Advisory
Ketchum,
Idaho
| – | -$4.21K | -120 | Closed |
|
|
DWM
381
Dogwood Wealth Management
Lenexa,
Kansas
| – | -$3.7K | -106 | Closed |
|
|
MCM
382
Manchester Capital Management
Manchester,
Vermont
| – | -$2.83K | -81 | Closed |
|
|
WPA
383
West Paces Advisors
Atlanta,
Georgia
| – | -$2.27K | -65 | Closed |
|
|
MSWA
384
Marshall & Sterling Wealth Advisors
Poughkeepsie,
New York
| – | -$2.15K | -62 | Closed |
|
|
VFM
385
Vision Financial Markets
Stamford,
Connecticut
| – | -$175 | -5 | Closed |
|
KWEB Hedge Fund Activity: Q2 2025 in Review
297 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in KraneShares CSI China Internet ETF (KWEB) for Q2 2025, worth a combined $3.2B — down 21% from $4.06B a quarter earlier.
Sellers outnumbered buyers: 87 funds closed out of KWEB and 38 opened new positions — a net loss of 49 holders — while 115 trimmed existing stakes and 90 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $48.8M. The largest seller was Alaska Permanent Fund, exiting entirely with an estimated $102M sold.
- 297 institutional investors held KraneShares CSI China Internet ETF (KWEB) as of Q2 2025, down from 348 in Q1 2025.
- Funds reported $3.2B of KraneShares CSI China Internet ETF stock for Q2 2025, down 21% quarter-over-quarter.
- 38 funds opened new KraneShares CSI China Internet ETF positions in Q2 2025 and 87 closed out, a net change of -49 holders.
- The largest KraneShares CSI China Internet ETF buyer in Q2 2025 was D.E. Shaw & Co, an estimated $48.8M added.
- The largest KraneShares CSI China Internet ETF seller in Q2 2025 was Alaska Permanent Fund, an estimated $102M sold.
Based on aggregated 13F filings for Q2 2025.