KraneShares CSI China Internet ETF
KWEB
358 hedge funds and large institutions have $4.71B invested in KraneShares CSI China Internet ETF in 2025 Q4 according to their latest regulatory filings, with 104 funds opening new positions, 115 increasing their positions, 96 reducing their positions, and 76 closing their positions.
74% more call options, than puts
Call options by funds: $5.33B | Put options by funds: $3.06B
37% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 76
20% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 96
7% more funds holding
Funds holding: 336 → 358 (+22)
0.55% less ownership
Funds ownership: 60.14% → 59.6% (-0.55%)
8% less funds holding in top 10
Funds holding in top 10: 24 → 22 (-2)
19% less capital invested
Capital invested by funds: $5.79B → $4.71B (-$1.09B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$313M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$225M |
| 3 |
Temasek Holdings
Singapore
|
+$124M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$121M |
| 5 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$79.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Torno Capital
Cohasset,
Massachusetts
|
-$425M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$273M |
| 3 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$102M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$95.5M |
| 5 |
Two Sigma Investments
New York
|
-$65.6M |
KWEB Hedge Fund Activity: Q4 2025 in Review
358 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in KraneShares CSI China Internet ETF (KWEB) for Q4 2025, worth a combined $4.71B — down 19% from $5.79B a quarter earlier.
Buyers outnumbered sellers: 104 funds opened new KWEB positions and 76 closed out — a net gain of 28 holders — while 115 added to existing stakes and 96 trimmed.
The largest buyer was Jane Street, adding an estimated $313M. The largest seller was Torno Capital, cutting an estimated $425M.
- 358 institutional investors held KraneShares CSI China Internet ETF (KWEB) as of Q4 2025, up from 336 in Q3 2025.
- Funds reported $4.71B of KraneShares CSI China Internet ETF stock for Q4 2025, down 19% quarter-over-quarter.
- 104 funds opened new KraneShares CSI China Internet ETF positions in Q4 2025 and 76 closed out, a net change of +28 holders.
- The largest KraneShares CSI China Internet ETF buyer in Q4 2025 was Jane Street, an estimated $313M added.
- The largest KraneShares CSI China Internet ETF seller in Q4 2025 was Torno Capital, an estimated $425M sold.
Based on aggregated 13F filings for Q4 2025.