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KraneShares CSI China Internet ETF

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: 1923 (+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: 297335 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$374M +$66.2M +1,764,861 +25%
Bank of America
2
Bank of America
North Carolina
$343M +$227M +6,063,229 +289%
UBS Group
3
UBS Group
Switzerland
$326M -$1.05M -28,040 -0.4%
AL
4
Appaloosa LP
New Jersey
$311M +$128M +3,400,000 +85%
Bessemer Group
5
Bessemer Group
New Jersey
$300M +$29.7M +791,095 +12%
Jane Street
6
Jane Street
New York
$298M +$132M +3,521,234 +99%
Rafferty Asset Management
7
Rafferty Asset Management
New York
$170M -$746K -19,882 -0.5%
BNP Paribas Financial Markets
8
BNP Paribas Financial Markets
France
$154M +$62M +1,653,698 +82%
MIFH
9
Migdal Insurance & Financial Holdings
Israel
$152M -$21.3K -567 -0%
Goldman Sachs
10
Goldman Sachs
New York
$151M -$48.9M -1,304,887 -27%
Temasek Holdings
11
Temasek Holdings
Singapore
$138M
CI
12
Clal Insurance
Israel
$127M -$24.4M -650,000 -18%
KFA
13
Krane Funds Advisors
New York
$127M +$5.67M +151,300 +5%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$118M +$69.5M +1,853,127 +194%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$117M +$53.9M +1,436,164 +107%
Barclays
16
Barclays
United Kingdom
$116M +$83.4M +2,224,390 +413%
Qube Research & Technologies (QRT)
17
Qube Research & Technologies (QRT)
United Kingdom
$100M +$27.9M +743,746 +45%
QC
18
Quadrature Capital
United Kingdom
$99.9M +$69.3M +1,849,107 +350%
Bank of Nova Scotia
19
Bank of Nova Scotia
Ontario, Canada
$95.5M +$85.2M +2,273,203 New
BCM
20
BlueCrest Capital Management
Jersey
$89.4M +$72M +1,919,701 +923%
JG
21
Jain Global
New York
$81.3M +$72.6M +1,934,766 New
Two Sigma Investments
22
Two Sigma Investments
New York
$80.1M +$3.89M +103,850 +6%
VOYA Investment Management
23
VOYA Investment Management
Georgia
$58.3M -$8.19M -218,470 -14%
KI
24
Kapitalo Investimentos
Brazil
$56M +$2.93M +78,000 +6%
Millennium Management
25
Millennium Management
New York
$53.6M +$44.2M +1,179,227 +1,208%

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.