KraneShares CSI China Internet ETF
KWEB
314 hedge funds and large institutions have $3.82B invested in KraneShares CSI China Internet ETF in 2026 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 114 increasing their positions, 89 reducing their positions, and 94 closing their positions.
102% more call options, than puts
Call options by funds: $3.98B | Put options by funds: $1.97B
28% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 89
1.6% more ownership
Funds ownership: 59.6% → 61.19% (+1.6%)
13% less funds holding
Funds holding: 359 → 314 (-45)
19% less capital invested
Capital invested by funds: $4.71B → $3.82B (-$884M)
32% less funds holding in top 10
Funds holding in top 10: 22 → 15 (-7)
36% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 94
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VMPIC
Varma Mutual Pension Insurance Co
Helsinki,
Finland
|
+$291M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$88.2M |
| 3 |
JG
Jain Global
New York
|
+$88.2M |
| 4 |
Morgan Stanley
New York
|
+$88M |
| 5 |
SP
SIH Partners
Wilmington,
Delaware
|
+$73.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$282M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$267M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$160M |
| 4 |
Temasek Holdings
Singapore
|
-$129M |
| 5 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$120M |
KWEB Hedge Fund Activity: Q1 2026 in Review
314 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in KraneShares CSI China Internet ETF (KWEB) for Q1 2026, worth a combined $3.82B — down 19% from $4.71B a quarter earlier.
Sellers outnumbered buyers: 94 funds closed out of KWEB and 60 opened new positions — a net loss of 34 holders — while 89 trimmed existing stakes and 114 added.
The largest buyer was Varma Mutual Pension Insurance Co, opening a new position worth an estimated $291M. The largest seller was Jane Street, cutting an estimated $282M.
- 314 institutional investors held KraneShares CSI China Internet ETF (KWEB) as of Q1 2026, down from 359 in Q4 2025.
- Funds reported $3.82B of KraneShares CSI China Internet ETF stock for Q1 2026, down 19% quarter-over-quarter.
- 60 funds opened new KraneShares CSI China Internet ETF positions in Q1 2026 and 94 closed out, a net change of -34 holders.
- The largest KraneShares CSI China Internet ETF buyer in Q1 2026 was Varma Mutual Pension Insurance Co, an estimated $291M added.
- The largest KraneShares CSI China Internet ETF seller in Q1 2026 was Jane Street, an estimated $282M sold.
Based on aggregated 13F filings for Q1 2026.