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

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.4B Q1 2024 Q2 2024: $2.4B Q2 2024 Q3 2024: $2.8B Q3 2024 Q4 2024: $2.4B $2.4B Q4 2024 Q1 2025: $3.5B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $3.5B Q3 2025 Q4 2025: $3.1B Q4 2025 Q1 2026: $2.4B Q1 2026 Q2 2026: $2.8B Q2 2026

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
PSX Phillips 66 0.01% 2,008 $229K Reduce -14.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 22,052 $228K No change
CHPT Chargepoint Holdings Inc. 0.01% 207,257 $222K Reduce -12.4%
ZS Zscaler Inc. 0.01% 1,222 $220K New
AMGN Amgen Inc. 0.01% 845 $220K Reduce -8.8%
RL Ralph Lauren Corp. 0.01% 936 $216K New
PANW Palo Alto Networks Inc. 0.01% 1,186 $216K New
RBLX Roblox Corp. Class A 0.01% 3,650 $211K New
MRVL Marvell Technology Inc. 0.01% 1,859 $205K New
EVGO Evgo Inc. 0.01% 48,287 $196K New
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.01% 13,878 $160K No change
TDOC Teladoc Health Inc. 0.00% 12,962 $118K New
DLO Dlocal Ltd. 0.00% 10,280 $116K Reduce -18.7%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 185$2.8BPDD, YMM, TME, BZ, KCSH
Q1 2026 173$2.4BPDD, YMM, TAL, BZ, KCSH
Q4 2025 159$3.1BPDD, TME, YMM, BZ, TAL
Q3 2025 137$3.5BPDD, TME, BZ, YMM, VIPS
Q2 2025 138$2.5BPDD, TME, BZ, YMM, QFIN
Q1 2025 119$3.5BPDD, BZ, TME, YMM, QFIN
Q4 2024 113$2.4BPDD, BEKE, YMM, BZ, TME
Q3 2024Amended 96$2.8BPDD, BEKE, KCSH, VIPS, YMM
Q2 2024 92$2.4BPDD, TME, BEKE, YMM, BZ
Q1 2024 90$2.4BPDD, BZ, TME, YMM, VIPS