KraneShares CSI China Internet ETF
KWEB
336 hedge funds and large institutions have $5.79B invested in KraneShares CSI China Internet ETF in 2025 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 114 increasing their positions, 83 reducing their positions, and 46 closing their positions.
85% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 46
72% more capital invested
Capital invested by funds: $3.36B → $5.79B (+$2.43B)
37% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 83
20% more funds holding in top 10
Funds holding in top 10: 20 → 24 (+4)
13% more funds holding
Funds holding: 298 → 336 (+38)
7.69% more ownership
Funds ownership: 52.45% → 60.14% (+7.7%)
3% more call options, than puts
Call options by funds: $5.03B | Put options by funds: $4.9B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Torno Capital
Cohasset,
Massachusetts
|
+$274M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$227M |
| 3 |
Jane Street
New York
|
+$132M |
| 4 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$128M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$85.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$57.5M |
| 2 |
Goldman Sachs
New York
|
-$48.9M |
| 3 |
MASUI
MIRAE ASSET SECURITIES (USA) INC.
New York
|
-$27.5M |
| 4 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$24.4M |
| 5 |
Capital Fund Management (CFM)
Paris,
France
|
-$22.6M |
KWEB Hedge Fund Activity: Q3 2025 in Review
336 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in KraneShares CSI China Internet ETF (KWEB) for Q3 2025, worth a combined $5.79B — up 72% from $3.36B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new KWEB positions and 46 closed out — a net gain of 39 holders — while 114 added to existing stakes and 83 trimmed.
The largest buyer was Torno Capital, adding an estimated $274M. The largest seller was D.E. Shaw & Co, cutting an estimated $57.5M.
- 336 institutional investors held KraneShares CSI China Internet ETF (KWEB) as of Q3 2025, up from 298 in Q2 2025.
- Funds reported $5.79B of KraneShares CSI China Internet ETF stock for Q3 2025, up 72% 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 Torno Capital, an estimated $274M 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.