Krane Funds Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Krane Funds Advisors LLC reported 113 stock positions worth $2.4 billion. Its top holding was PDD (PDD) at 11.2% of the portfolio, followed by Ke Holdings Inc.-ADR (BEKE, 10.0%) and Full Truck Alliance -SPN ADR (YMM, 9.4%). Compared with Q3 2024, it opened 28 new positions, sold out of 11, added to 20 and reduced 60. The biggest buy was Kanzhun Ltd. - ADR (BZ, shares +50%) and the biggest sale PDD (PDD, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001536592
- Portfolio Value
- $2.4B (Q4 2024)
- SEC Filing
- 0001536592-25-000003 ↗ filed Feb 13, 2025
Holdings Value
Holdings 113 stocks · $2.4B
| PDD PDD Holdings Inc. | 11.21% | 2,825,103 | $274.0M | Reduce -14.6% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 9.96% | 13,208,745 | $243.3M | Reduce -12.3% |
| YMM Full Truck Alliance -SPN ADR | 9.42% | 21,276,137 | $230.2M | Reduce -18.0% |
| BZ Kanzhun Ltd. - ADR | 9.25% | 16,376,890 | $226.0M | Add +49.6% |
| TME Tencent Music Entertainm-ADR | 9.22% | 19,855,951 | $225.4M | Add +21.9% |
| KCSH Kraneshares Sust U S D I ETF | 9.03% | 8,809,552 | $220.6M | Reduce -26.1% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 8.88% | 5,651,303 | $216.9M | Reduce -4.2% |
| TAL Tal Education Group- ADR | 8.34% | 20,338,186 | $203.8M | Add +11.5% |
| VIPS Vipshop Holdings Ltd. - ADR | 8.10% | 14,690,790 | $197.9M | Reduce -1.5% |
| KWEB Kranesh Csi China Internet | 4.96% | 4,169,913 | $121.3M | Reduce -23.8% |
| ATHM Autohome Inc.-ADR | 3.03% | 2,852,716 | $74.0M | Add +7.2% |
| JOYY Joyy Inc.-ADR | 2.57% | 1,500,081 | $62.8M | Add +12.0% |
| IQ Iqiyi Inc.-ADR | 1.79% | 21,763,769 | $43.7M | Add +82.0% |
| WB Weibo Corp.-Spon ADR | 1.35% | 3,464,044 | $33.1M | Reduce -3.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 14,900 | $6.4M | Add +12.9% |
| TSLA Tesla Inc. | 0.16% | 9,410 | $3.8M | Reduce -29.4% |
| NIO Nio Inc. - ADR | 0.12% | 662,100 | $2.9M | Add +39.4% |
| NVDA Nvidia Corp. | 0.11% | 20,523 | $2.8M | Reduce -16.4% |
| KALL Kraneshares MSCI All China I | 0.11% | 132,307 | $2.7M | No change |
| MSFT Microsoft Corp. | 0.11% | 6,178 | $2.6M | Add +14.6% |
| RIVN Rivian Automotive Inc. Class A | 0.10% | 190,529 | $2.5M | Reduce -15.5% |
| ALB Albemarle Corp. | 0.10% | 27,747 | $2.4M | Reduce -17.6% |
| LCID Lucid Group Inc. | 0.10% | 782,309 | $2.4M | Add +53.0% |
| AAPL Apple Inc. | 0.09% | 9,053 | $2.3M | Add +3.7% |
| ALTM Arcadium Lithium PLC | 0.07% | 356,309 | $1.8M | Reduce -42.2% |
| KEMX Kraneshares MSCI E-MKT Ex-CH | 0.07% | 65,712 | $1.8M | No change |
| AMZN Amazon.com Inc. | 0.07% | 8,008 | $1.8M | Add +13.6% |
| META Meta Platforms Inc. Class A | 0.06% | 2,627 | $1.5M | Add +34.6% |
| INFY Infosys Ltd.-SP ADR | 0.06% | 64,672 | $1.4M | Reduce -16.5% |
| GOOG Alphabet Inc. Class C | 0.05% | 6,268 | $1.2M | Reduce -10.3% |
| PLUG Plug Power Inc. | 0.04% | 440,614 | $939K | Add +0.9% |
| MP MP Materials Corp. | 0.04% | 59,096 | $922K | Reduce -16.1% |
| HD Home Depot Inc. | 0.03% | 1,653 | $643K | Reduce -13.7% |
| CSCO Cisco Systems Inc. | 0.02% | 10,268 | $608K | Reduce -16.2% |
| LEGN Legend Biotech Corp.-ADR | 0.02% | 17,044 | $555K | Reduce -9.2% |
| GS Goldman Sachs Group Inc. | 0.02% | 938 | $537K | Reduce -20.3% |
| MO Altria Group Inc. | 0.02% | 10,073 | $527K | Reduce -0.9% |
| JKS Jinkosolar Holding Co.-ADR | 0.02% | 21,043 | $524K | Reduce -29.1% |
| BMY Bristol-Myers Squibb Co. | 0.02% | 9,088 | $514K | Reduce -15.5% |
| SE Sea Ltd.-ADR | 0.02% | 4,841 | $514K | Reduce -24.3% |
| ADP Automatic Data Processing | 0.02% | 1,751 | $513K | Reduce -7.3% |
| GILD Gilead Sciences Inc. | 0.02% | 5,532 | $511K | Reduce -9.4% |
| CALM Cal-Maine Foods Inc. | 0.02% | 4,893 | $504K | Reduce -16.4% |
| APH Amphenol Corp. Class A | 0.02% | 7,201 | $500K | New |
| TXN Texas Instruments Inc. | 0.02% | 2,592 | $486K | Reduce -12.4% |
| PAYX Paychex Inc. | 0.02% | 3,416 | $479K | Reduce -10.7% |
| HESM Hess Midstream LP Class A | 0.02% | 12,435 | $460K | Reduce -2.1% |
| WU Western Union Co. | 0.02% | 43,041 | $456K | Add +24.6% |
| PFE Pfizer Inc. | 0.02% | 17,136 | $455K | Reduce -8.1% |
| CRM Salesforce Inc. | 0.02% | 1,349 | $451K | New |
| PKG Packaging Corp. of America | 0.02% | 2,002 | $451K | Add +24.8% |
| ESTC Elastic NV | 0.02% | 4,542 | $450K | New |
| APD Air Products & Chemicals Inc. | 0.02% | 1,543 | $448K | Reduce -12.2% |
| WEC WEC Energy Group Inc. | 0.02% | 4,728 | $445K | Reduce -12.0% |
| DTM DT Midstream Inc. | 0.02% | 4,448 | $442K | Reduce -28.5% |
| FAST Fastenal Co. | 0.02% | 5,985 | $430K | Reduce -3.9% |
| ITW Illinois Tool Works | 0.02% | 1,697 | $430K | New |
| VZ Verizon Communications Inc. | 0.02% | 10,603 | $424K | Reduce -6.7% |
| NOW ServiceNow Inc. | 0.02% | 398 | $422K | New |
| KMB Kimberly-Clark Corp. | 0.02% | 3,191 | $418K | Reduce -11.0% |
| CMCSA Comcast Corp. Class A | 0.02% | 11,070 | $415K | Reduce -9.9% |
| PSA Public Storage | 0.02% | 1,380 | $413K | Reduce -9.5% |
| GOOGL Alphabet Inc. Class A | 0.02% | 2,162 | $409K | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.02% | 3,530 | $399K | Reduce -9.3% |
| MMS Maximus Inc. | 0.02% | 5,325 | $398K | New |
| UPS United Parcel Service Class B | 0.02% | 2,987 | $377K | Reduce -4.0% |
| CPNG Coupang Inc. | 0.02% | 17,074 | $375K | Add +11.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 1,702 | $374K | Reduce -6.6% |
| AVGO Broadcom Inc. | 0.01% | 1,578 | $366K | Add +11.8% |
| MELI MercadoLibre Inc. | 0.01% | 215 | $366K | Add +22.2% |
| JPM JPMorgan Chase & Co. | 0.01% | 1,489 | $357K | Reduce -11.0% |
| ABBV Abbvie Inc. | 0.01% | 1,997 | $355K | Reduce -8.5% |
| LMT Lockheed Martin Corp. | 0.01% | 719 | $349K | Add +71.2% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.01% | 5,277 | $324K | New |
| TPR Tapestry Inc. | 0.01% | 4,649 | $304K | New |
| DOW Dow Inc. | 0.01% | 7,536 | $302K | Reduce -11.1% |
| PLTR Palantir Technologies Inc. Class A | 0.01% | 3,934 | $298K | New |
| BAP Credicorp Ltd. | 0.01% | 1,620 | $297K | No change |
| ETR Entergy Corp. | 0.01% | 3,913 | $297K | Reduce -5.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.01% | 3,953 | $296K | New |
| MRK Merck & Co. Inc. | 0.01% | 2,977 | $296K | Reduce -5.9% |
| ADBE Adobe Inc. | 0.01% | 661 | $294K | New |
| SNOW Snowflake Inc. | 0.01% | 1,876 | $290K | New |
| DECK Deckers Outdoor Corp. | 0.01% | 1,424 | $289K | New |
| INTU Intuit Inc. | 0.01% | 455 | $286K | New |
| ORCL Oracle Corp. | 0.01% | 1,679 | $280K | New |
| CVX Chevron Corp. | 0.01% | 1,926 | $279K | Reduce -11.4% |
| CMI Cummins Inc. | 0.01% | 791 | $276K | Reduce -10.5% |
| V Visa Inc. Class A | 0.01% | 862 | $272K | New |
| DUOL Duolingo | 0.01% | 837 | $271K | New |
| PG The Procter & Gamble Co. | 0.01% | 1,572 | $264K | Reduce -10.0% |
| UNP Union Pacific Corp. | 0.01% | 1,137 | $259K | Reduce -8.5% |
| TUYA Tuya Inc. | 0.01% | 144,842 | $259K | Reduce -25.7% |
| SPG Simon Property Group Inc. | 0.01% | 1,472 | $253K | Reduce -8.5% |
| DDOG Datadog Inc. Class A | 0.01% | 1,754 | $251K | New |
| FLO Flowers Foods Inc. | 0.01% | 11,537 | $238K | Reduce -4.6% |
| ED Consolidated Edison Inc. | 0.01% | 2,639 | $235K | Reduce -14.0% |
| MS Morgan Stanley | 0.01% | 1,868 | $235K | Reduce -11.5% |
| WDAY Workday Inc. Class A | 0.01% | 897 | $231K | New |
| NET Cloudflare Inc. Class A | 0.01% | 2,127 | $229K | New |
Portfolio Sells Q3 2024 → Q4 2024
| PDD PDD Holdings Inc. | Reduce -14.6% | 11.21% | −4.82 |
| KCSH Kraneshares Sust U S D I ETF | Reduce -26.1% | 9.03% | −1.74 |
| KWEB Kranesh Csi China Internet | Reduce -23.8% | 4.96% | −1.72 |
| LU Lufax Holding Ltd.-ADR | Sold out | 0.00% | −1.04 |
| BEKE Ke Holdings Inc.-ADR | Reduce -12.3% | 9.96% | −0.83 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -1.5% | 8.10% | −0.34 |
| ALB Albemarle Corp. | Reduce -17.6% | 0.10% | −0.02 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.02 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.01 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.01 |
| MSM MSC Industrial Direct Co. Class A | Sold out | 0.00% | −0.01 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.01 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.01 |
| LEGN Legend Biotech Corp.-ADR | Reduce -9.2% | 0.02% | −0.01 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.01 |
| AEP American Electric Power | Sold out | 0.00% | −0.01 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.01 |
| UGI Ugi Corp. | Sold out | 0.00% | −0.01 |
| JKS Jinkosolar Holding Co.-ADR | Reduce -29.1% | 0.02% | −0.01 |
| MP MP Materials Corp. | Reduce -16.1% | 0.04% | −0.01 |
| DOW Dow Inc. | Reduce -11.1% | 0.01% | −0.00 |
| INFY Infosys Ltd.-SP ADR | Reduce -16.5% | 0.06% | −0.00 |
| PSA Public Storage | Reduce -9.5% | 0.02% | −0.00 |
| CHPT Chargepoint Holdings Inc. | Reduce -12.4% | 0.01% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -12.4% | 0.02% | −0.00 |
| ED Consolidated Edison Inc. | Reduce -14.0% | 0.01% | −0.00 |
| AMGN Amgen Inc. | Reduce -8.8% | 0.01% | −0.00 |
| PSX Phillips 66 | Reduce -14.6% | 0.01% | −0.00 |
| HD Home Depot Inc. | Reduce -13.7% | 0.03% | −0.00 |
| CMCSA Comcast Corp. Class A | Reduce -9.9% | 0.02% | −0.00 |
| KMB Kimberly-Clark Corp. | Reduce -11.0% | 0.02% | −0.00 |
| ABBV Abbvie Inc. | Reduce -8.5% | 0.01% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -6.7% | 0.02% | −0.00 |
| TUYA Tuya Inc. | Reduce -25.7% | 0.01% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -5.9% | 0.01% | −0.00 |
| PFE Pfizer Inc. | Reduce -8.1% | 0.02% | −0.00 |
| SE Sea Ltd.-ADR | Reduce -24.3% | 0.02% | −0.00 |
| APD Air Products & Chemicals Inc. | Reduce -12.2% | 0.02% | −0.00 |
| UNP Union Pacific Corp. | Reduce -8.5% | 0.01% | −0.00 |
| WEC WEC Energy Group Inc. | Reduce -12.0% | 0.02% | −0.00 |
| FLO Flowers Foods Inc. | Reduce -4.6% | 0.01% | −0.00 |
| CVX Chevron Corp. | Reduce -11.4% | 0.01% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -10.0% | 0.01% | −0.00 |
| UPS United Parcel Service Class B | Reduce -4.0% | 0.02% | +0.00 |
| DTM DT Midstream Inc. | Reduce -28.5% | 0.02% | +0.00 |
| SPG Simon Property Group Inc. | Reduce -8.5% | 0.01% | +0.00 |
| IBM Intl Business Machines Corp. | Reduce -6.6% | 0.02% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -15.5% | 0.02% | +0.00 |
| CMI Cummins Inc. | Reduce -10.5% | 0.01% | +0.00 |
| GS Goldman Sachs Group Inc. | Reduce -20.3% | 0.02% | +0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| BZ Kanzhun Ltd. - ADR | Add +49.6% | 9.25% | +2.42 |
| TME Tencent Music Entertainm-ADR | Add +21.9% | 9.22% | +2.16 |
| JOYY Joyy Inc.-ADR | Add +12.0% | 2.57% | +0.82 |
| TAL Tal Education Group- ADR | Add +11.5% | 8.34% | +0.58 |
| IQ Iqiyi Inc.-ADR | Add +82.0% | 1.79% | +0.56 |
| LCID Lucid Group Inc. | Add +53.0% | 0.10% | +0.03 |
| AMZN Amazon.com Inc. | Add +13.6% | 0.07% | +0.02 |
| MSFT Microsoft Corp. | Add +14.6% | 0.11% | +0.02 |
| META Meta Platforms Inc. Class A | Add +34.6% | 0.06% | +0.02 |
| APH Amphenol Corp. Class A | New | 0.02% | +0.02 |
| AAPL Apple Inc. | Add +3.7% | 0.09% | +0.02 |
| CRM Salesforce Inc. | New | 0.02% | +0.02 |
| ESTC Elastic NV | New | 0.02% | +0.02 |
| ITW Illinois Tool Works | New | 0.02% | +0.02 |
| NOW ServiceNow Inc. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | New | 0.02% | +0.02 |
| MMS Maximus Inc. | New | 0.02% | +0.02 |
| P Everpure Inc. Class A | New | 0.01% | +0.01 |
| TPR Tapestry Inc. | New | 0.01% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | New | 0.01% | +0.01 |
| EL Estee Lauder Companies Class A | New | 0.01% | +0.01 |
| ADBE Adobe Inc. | New | 0.01% | +0.01 |
| SNOW Snowflake Inc. | New | 0.01% | +0.01 |
| DECK Deckers Outdoor Corp. | New | 0.01% | +0.01 |
| INTU Intuit Inc. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | New | 0.01% | +0.01 |
| DUOL Duolingo | New | 0.01% | +0.01 |
| V Visa Inc. Class A | New | 0.01% | +0.01 |
| DDOG Datadog Inc. Class A | New | 0.01% | +0.01 |
| WDAY Workday Inc. Class A | New | 0.01% | +0.01 |
| NET Cloudflare Inc. Class A | New | 0.01% | +0.01 |
| ZS Zscaler Inc. | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | New | 0.01% | +0.01 |
| RL Ralph Lauren Corp. | New | 0.01% | +0.01 |
| RBLX Roblox Corp. Class A | New | 0.01% | +0.01 |
| MRVL Marvell Technology Inc. | New | 0.01% | +0.01 |
| EVGO Evgo Inc. | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | Add +11.8% | 0.01% | +0.01 |
| PKG Packaging Corp. of America | Add +24.8% | 0.02% | +0.01 |
| LMT Lockheed Martin Corp. | Add +71.2% | 0.01% | +0.01 |
| TDOC Teladoc Health Inc. | New | 0.00% | +0.00 |
| NIO Nio Inc. - ADR | Add +39.4% | 0.12% | +0.00 |
| WU Western Union Co. | Add +24.6% | 0.02% | +0.00 |
| PLUG Plug Power Inc. | Add +0.9% | 0.04% | +0.00 |
| MELI MercadoLibre Inc. | Add +22.2% | 0.01% | +0.00 |
| CPNG Coupang Inc. | Add +11.0% | 0.02% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.9% | 0.26% | −0.01 |
| ATHM Autohome Inc.-ADR | Add +7.2% | 3.03% | −0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 185 | $2.8B | PDD, YMM, TME, BZ, KCSH |
| Q1 2026 | 173 | $2.4B | PDD, YMM, TAL, BZ, KCSH |
| Q4 2025 | 159 | $3.1B | PDD, TME, YMM, BZ, TAL |
| Q3 2025 | 137 | $3.5B | PDD, TME, BZ, YMM, VIPS |
| Q2 2025 | 138 | $2.5B | PDD, TME, BZ, YMM, QFIN |
| Q1 2025 | 119 | $3.5B | PDD, BZ, TME, YMM, QFIN |
| Q4 2024 | 113 | $2.4B | PDD, BEKE, YMM, BZ, TME |
| Q3 2024Amended | 96 | $2.8B | PDD, BEKE, KCSH, VIPS, YMM |
| Q2 2024 | 92 | $2.4B | PDD, TME, BEKE, YMM, BZ |
| Q1 2024 | 90 | $2.4B | PDD, BZ, TME, YMM, VIPS |