Krane Funds Advisors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Krane Funds Advisors LLC reported 119 stock positions worth $3.5 billion. Its top holding was PDD (PDD) at 17.1% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 11.2%) and Tencent Music Entertainm-ADR (TME, 9.9%). Compared with Q4 2024, it opened 22 new positions, sold out of 16, added to 59 and reduced 38. The biggest buy was PDD (PDD, shares +78%) and the biggest sale Kraneshares Sust U S D I ETF (KCSH, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001536592
- Portfolio Value
- $3.5B (Q1 2025)
- SEC Filing
- 0001536592-25-000004 ↗ filed Apr 28, 2025
Holdings Value
Holdings 119 stocks · $3.5B
| PDD PDD Holdings Inc. | 17.13% | 5,036,389 | $596.1M | Add +78.3% |
| BZ Kanzhun Ltd. - ADR | 11.21% | 20,338,378 | $389.9M | Add +24.2% |
| TME Tencent Music Entertainm-ADR | 9.93% | 23,984,629 | $345.6M | Add +20.8% |
| YMM Full Truck Alliance -SPN ADR | 9.62% | 26,207,165 | $334.7M | Add +23.2% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 9.08% | 7,032,927 | $315.8M | Add +24.4% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 8.61% | 14,915,812 | $299.7M | Add +12.9% |
| TAL Tal Education Group- ADR | 8.14% | 21,427,983 | $283.1M | Add +5.4% |
| VIPS Vipshop Holdings Ltd. - ADR | 7.14% | 15,839,097 | $248.4M | Add +7.8% |
| KCSH Kraneshares Sust U S D I ETF | 5.99% | 8,323,400 | $208.5M | Reduce -5.5% |
| KWEB Kranesh Csi China Internet | 3.28% | 3,268,713 | $114.1M | Reduce -21.6% |
| ATHM Autohome Inc.-ADR | 2.80% | 3,520,385 | $97.6M | Add +23.4% |
| JOYY Joyy Inc.-ADR | 1.88% | 1,559,646 | $65.5M | Add +4.0% |
| IQ Iqiyi Inc.-ADR | 1.75% | 26,905,091 | $60.8M | Add +23.6% |
| WB Weibo Corp.-Spon ADR | 1.18% | 4,332,687 | $41.0M | Add +25.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 24,000 | $13.4M | Add +61.1% |
| TSLA Tesla Inc. | 0.08% | 11,370 | $2.9M | Add +20.8% |
| KALL Kraneshares MSCI All China I | 0.08% | 128,555 | $2.9M | Reduce -2.8% |
| MSFT Microsoft Corp. | 0.08% | 7,615 | $2.9M | Add +23.3% |
| RIVN Rivian Automotive Inc. Class A | 0.08% | 211,837 | $2.6M | Add +11.2% |
| NVDA Nvidia Corp. | 0.07% | 22,329 | $2.4M | Add +8.8% |
| AAPL Apple Inc. | 0.07% | 10,508 | $2.3M | Add +16.1% |
| META Meta Platforms Inc. Class A | 0.06% | 3,868 | $2.2M | Add +47.2% |
| AMZN Amazon.com Inc. | 0.06% | 10,107 | $1.9M | Add +26.2% |
| KEMX Kraneshares MSCI E-MKT Ex-CH | 0.05% | 68,203 | $1.9M | Add +3.8% |
| ALB Albemarle Corp. | 0.05% | 22,817 | $1.6M | Reduce -17.8% |
| MP MP Materials Corp. | 0.04% | 57,999 | $1.4M | Reduce -1.9% |
| LEGN Legend Biotech Corp.-ADR | 0.04% | 39,080 | $1.3M | Add +129.3% |
| LCID Lucid Group Inc. | 0.04% | 536,135 | $1.3M | Reduce -31.5% |
| GOOG Alphabet Inc. Class C | 0.04% | 8,059 | $1.3M | Add +28.6% |
| INFY Infosys Ltd.-SP ADR | 0.03% | 59,588 | $1.1M | Reduce -7.9% |
| GOOGL Alphabet Inc. Class A | 0.02% | 5,099 | $789K | Add +135.8% |
| SE Sea Ltd.-ADR | 0.02% | 5,995 | $782K | Add +23.8% |
| CRM Salesforce Inc. | 0.02% | 2,864 | $769K | Add +112.3% |
| NBIS Nebius Group NV | 0.02% | 35,214 | $743K | New |
| NOW ServiceNow Inc. | 0.02% | 925 | $736K | Add +132.4% |
| HD Home Depot Inc. | 0.02% | 1,753 | $642K | Add +6.0% |
| V Visa Inc. Class A | 0.02% | 1,740 | $610K | Add +101.9% |
| PLUG Plug Power Inc. | 0.02% | 450,901 | $609K | Add +2.3% |
| ESTC Elastic NV | 0.02% | 6,824 | $608K | Add +50.2% |
| PLTR Palantir Technologies Inc. Class A | 0.02% | 6,982 | $589K | Add +77.5% |
| CSCO Cisco Systems Inc. | 0.02% | 8,793 | $543K | Reduce -14.4% |
| MELI MercadoLibre Inc. | 0.02% | 274 | $535K | Add +27.4% |
| ADBE Adobe Inc. | 0.02% | 1,391 | $533K | Add +110.4% |
| GS Goldman Sachs Group Inc. | 0.02% | 963 | $526K | Add +2.7% |
| DUOL Duolingo | 0.01% | 1,672 | $519K | Add +99.8% |
| CMCSA Comcast Corp. Class A | 0.01% | 13,858 | $511K | Add +25.2% |
| MO Altria Group Inc. | 0.01% | 8,380 | $503K | Reduce -16.8% |
| ADP Automatic Data Processing | 0.01% | 1,629 | $498K | Reduce -7.0% |
| APH Amphenol Corp. Class A | 0.01% | 7,572 | $497K | Add +5.2% |
| BMY Bristol-Myers Squibb Co. | 0.01% | 8,090 | $493K | Reduce -11.0% |
| ORCL Oracle Corp. | 0.01% | 3,516 | $492K | Add +109.4% |
| IOT Samsara Inc. Class A | 0.01% | 12,646 | $485K | New |
| PFE Pfizer Inc. | 0.01% | 18,917 | $479K | Add +10.4% |
| FAST Fastenal Co. | 0.01% | 6,158 | $478K | Add +2.9% |
| JPM JPMorgan Chase & Co. | 0.01% | 1,913 | $469K | Add +28.5% |
| GILD Gilead Sciences Inc. | 0.01% | 4,184 | $469K | Reduce -24.4% |
| PAYX Paychex Inc. | 0.01% | 3,037 | $469K | Reduce -11.1% |
| CALM Cal-Maine Foods Inc. | 0.01% | 5,096 | $463K | Add +4.2% |
| DTM DT Midstream Inc. | 0.01% | 4,784 | $462K | Add +7.5% |
| WEC WEC Energy Group Inc. | 0.01% | 4,189 | $457K | Reduce -11.4% |
| AVGO Broadcom Inc. | 0.01% | 2,696 | $451K | Add +70.8% |
| HESM Hess Midstream LP Class A | 0.01% | 10,588 | $448K | Reduce -14.8% |
| BSM Black Stone Minerals LP | 0.01% | 29,230 | $446K | New |
| ITW Illinois Tool Works | 0.01% | 1,758 | $436K | Add +3.6% |
| UPS United Parcel Service Class B | 0.01% | 3,949 | $434K | Add +32.2% |
| WDAY Workday Inc. Class A | 0.01% | 1,831 | $428K | Add +104.1% |
| TXN Texas Instruments Inc. | 0.01% | 2,366 | $425K | Reduce -8.7% |
| ZK Zeekr Intelligent Techno-ADR | 0.01% | 17,344 | $418K | New |
| TUYA Tuya Inc. | 0.01% | 135,677 | $411K | Reduce -6.3% |
| APD Air Products & Chemicals Inc. | 0.01% | 1,370 | $404K | Reduce -11.2% |
| WU Western Union Co. | 0.01% | 37,873 | $401K | Reduce -12.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.01% | 1,610 | $400K | Reduce -5.4% |
| SNOW Snowflake Inc. | 0.01% | 2,724 | $398K | Add +45.2% |
| JKS Jinkosolar Holding Co.-ADR | 0.01% | 21,289 | $397K | Add +1.2% |
| VZ Verizon Communications Inc. | 0.01% | 8,701 | $395K | Reduce -17.9% |
| KMB Kimberly-Clark Corp. | 0.01% | 2,717 | $386K | Reduce -14.8% |
| DDOG Datadog Inc. Class A | 0.01% | 3,881 | $385K | Add +121.3% |
| PSA Public Storage | 0.01% | 1,276 | $382K | Reduce -7.5% |
| PANW Palo Alto Networks Inc. | 0.01% | 2,183 | $373K | Add +84.1% |
| RBLX Roblox Corp. Class A | 0.01% | 6,331 | $369K | Add +73.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.01% | 3,903 | $359K | Add +10.6% |
| ABBV Abbvie Inc. | 0.01% | 1,659 | $348K | Reduce -16.9% |
| PKG Packaging Corp. of America | 0.01% | 1,743 | $345K | Reduce -12.9% |
| TEM Tempus AI Inc. Class A | 0.01% | 7,082 | $342K | New |
| ZS Zscaler Inc. | 0.01% | 1,667 | $331K | Add +36.4% |
| TEAM Atlassian Corp. Class A | 0.01% | 1,541 | $327K | New |
| NET Cloudflare Inc. Class A | 0.01% | 2,874 | $324K | Add +35.1% |
| ETR Entergy Corp. | 0.01% | 3,734 | $319K | Reduce -4.6% |
| UNH Unitedhealth Group Inc. | 0.01% | 588 | $308K | New |
| KMI Kinder Morgan Inc. | 0.01% | 10,776 | $307K | New |
| DELL Dell Technologies -C | 0.01% | 3,348 | $305K | New |
| LMT Lockheed Martin Corp. | 0.01% | 671 | $300K | Reduce -6.7% |
| CVX Chevron Corp. | 0.01% | 1,740 | $291K | Reduce -9.7% |
| GTLB Gitlab Inc. Class A | 0.01% | 5,962 | $280K | New |
| BAP Credicorp Ltd. | 0.01% | 1,494 | $278K | Reduce -7.8% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.01% | 6,152 | $272K | Add +16.6% |
| JNJ Johnson & Johnson | 0.01% | 1,592 | $264K | New |
| UNP Union Pacific Corp. | 0.01% | 1,084 | $256K | Reduce -4.7% |
| ED Consolidated Edison Inc. | 0.01% | 2,294 | $254K | Reduce -13.1% |
| CFLT Confluent Inc. Class A | 0.01% | 10,742 | $252K | New |
Portfolio Sells Q4 2024 → Q1 2025
| KCSH Kraneshares Sust U S D I ETF | Reduce -5.5% | 5.99% | −3.04 |
| KWEB Kranesh Csi China Internet | Reduce -21.6% | 3.28% | −1.68 |
| NIO Nio Inc. - ADR | Sold out | 0.00% | −0.12 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.07 |
| LCID Lucid Group Inc. | Reduce -31.5% | 0.04% | −0.06 |
| ALB Albemarle Corp. | Reduce -17.8% | 0.05% | −0.05 |
| KALL Kraneshares MSCI All China I | Reduce -2.8% | 0.08% | −0.03 |
| INFY Infosys Ltd.-SP ADR | Reduce -7.9% | 0.03% | −0.03 |
| MMS Maximus Inc. | Sold out | 0.00% | −0.02 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.02 |
| DOW Dow Inc. | Sold out | 0.00% | −0.01 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.01 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.01 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.01 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.01 |
| FLO Flowers Foods Inc. | Sold out | 0.00% | −0.01 |
| PSX Phillips 66 | Sold out | 0.00% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -14.4% | 0.02% | −0.01 |
| CHPT Chargepoint Holdings Inc. | Sold out | 0.00% | −0.01 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.01 |
| PKG Packaging Corp. of America | Reduce -12.9% | 0.01% | −0.01 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.01 |
| EVGO Evgo Inc. | Sold out | 0.00% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -8.7% | 0.01% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -24.4% | 0.01% | −0.01 |
| WU Western Union Co. | Reduce -12.0% | 0.01% | −0.01 |
| MO Altria Group Inc. | Reduce -16.8% | 0.01% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -11.0% | 0.01% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -11.2% | 0.01% | −0.01 |
| ADP Automatic Data Processing | Reduce -7.0% | 0.01% | −0.01 |
| PAYX Paychex Inc. | Reduce -11.1% | 0.01% | −0.01 |
| HESM Hess Midstream LP Class A | Reduce -14.8% | 0.01% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -14.8% | 0.01% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -17.9% | 0.01% | −0.01 |
| PSA Public Storage | Reduce -7.5% | 0.01% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -6.7% | 0.01% | −0.01 |
| WEC WEC Energy Group Inc. | Reduce -11.4% | 0.01% | −0.01 |
| ABBV Abbvie Inc. | Reduce -16.9% | 0.01% | −0.00 |
| CMI Cummins Inc. | Reduce -1.6% | 0.01% | −0.00 |
| BAP Credicorp Ltd. | Reduce -7.8% | 0.01% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -10.9% | 0.01% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -5.4% | 0.01% | −0.00 |
| SPG Simon Property Group Inc. | Reduce -3.3% | 0.01% | −0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -7.8% | 0.01% | −0.00 |
| UNP Union Pacific Corp. | Reduce -4.7% | 0.01% | −0.00 |
| CVX Chevron Corp. | Reduce -9.7% | 0.01% | −0.00 |
| ETR Entergy Corp. | Reduce -4.6% | 0.01% | −0.00 |
| AMGN Amgen Inc. | Reduce -16.9% | 0.01% | −0.00 |
| ED Consolidated Edison Inc. | Reduce -13.1% | 0.01% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| PDD PDD Holdings Inc. | Add +78.3% | 17.13% | +5.92 |
| BZ Kanzhun Ltd. - ADR | Add +24.2% | 11.21% | +1.96 |
| TME Tencent Music Entertainm-ADR | Add +20.8% | 9.93% | +0.71 |
| QFIN Qfin Holdings Inc.-ADR | Add +24.4% | 9.08% | +0.20 |
| YMM Full Truck Alliance -SPN ADR | Add +23.2% | 9.62% | +0.20 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +61.1% | 0.39% | +0.12 |
| NBIS Nebius Group NV | New | 0.02% | +0.02 |
| LEGN Legend Biotech Corp.-ADR | Add +129.3% | 0.04% | +0.02 |
| IOT Samsara Inc. Class A | New | 0.01% | +0.01 |
| BSM Black Stone Minerals LP | New | 0.01% | +0.01 |
| ZK Zeekr Intelligent Techno-ADR | New | 0.01% | +0.01 |
| TEM Tempus AI Inc. Class A | New | 0.01% | +0.01 |
| TEAM Atlassian Corp. Class A | New | 0.01% | +0.01 |
| UNH Unitedhealth Group Inc. | New | 0.01% | +0.01 |
| DELL Dell Technologies -C | New | 0.01% | +0.01 |
| KMI Kinder Morgan Inc. | New | 0.01% | +0.01 |
| GTLB Gitlab Inc. Class A | New | 0.01% | +0.01 |
| JNJ Johnson & Johnson | New | 0.01% | +0.01 |
| CFLT Confluent Inc. Class A | New | 0.01% | +0.01 |
| WMT Walmart Inc. | New | 0.01% | +0.01 |
| MU Micron Technology Inc. | New | 0.01% | +0.01 |
| OGN Organon & Co. | New | 0.01% | +0.01 |
| ANET Arista Networks Inc. | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +101.9% | 0.02% | +0.01 |
| QCOM Qualcomm Inc. | New | 0.01% | +0.01 |
| MDB Mongodb Inc. | New | 0.01% | +0.01 |
| VIRT Virtu Financial Inc. Class A | New | 0.01% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +135.8% | 0.02% | +0.01 |
| SNPS Synopsys Inc. | New | 0.01% | +0.01 |
| PAGS Pagseguro Digital Ltd. Class A | New | 0.01% | +0.01 |
| F Ford Motor Co. | New | 0.00% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +77.5% | 0.02% | +0.00 |
| NOW ServiceNow Inc. | Add +132.4% | 0.02% | +0.00 |
| DUOL Duolingo | Add +99.8% | 0.01% | +0.00 |
| CRM Salesforce Inc. | Add +112.3% | 0.02% | +0.00 |
| ADBE Adobe Inc. | Add +110.4% | 0.02% | +0.00 |
| WDAY Workday Inc. Class A | Add +104.1% | 0.01% | +0.00 |
| ORCL Oracle Corp. | Add +109.4% | 0.01% | +0.00 |
| RBLX Roblox Corp. Class A | Add +73.5% | 0.01% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +84.1% | 0.01% | +0.00 |
| SE Sea Ltd.-ADR | Add +23.8% | 0.02% | +0.00 |
| META Meta Platforms Inc. Class A | Add +47.2% | 0.06% | +0.00 |
| DDOG Datadog Inc. Class A | Add +121.3% | 0.01% | +0.00 |
| ZS Zscaler Inc. | Add +36.4% | 0.01% | +0.00 |
| MELI MercadoLibre Inc. | Add +27.4% | 0.02% | +0.00 |
| NET Cloudflare Inc. Class A | Add +35.1% | 0.01% | −0.00 |
| DLO Dlocal Ltd. | Add +86.3% | 0.00% | −0.00 |
| SNOW Snowflake Inc. | Add +45.2% | 0.01% | −0.00 |
| ESTC Elastic NV | Add +50.2% | 0.02% | −0.00 |
| JPM JPMorgan Chase & Co. | Add +28.5% | 0.01% | −0.00 |
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 |