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

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 Q4 2024 Q1 2025: $3.5B $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 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
WMT Walmart Inc. 0.01% 2,865 $252K New
CMI Cummins Inc. 0.01% 778 $244K Reduce -1.6%
MS Morgan Stanley 0.01% 2,053 $240K Add +9.9%
PG The Procter & Gamble Co. 0.01% 1,401 $239K Reduce -10.9%
MU Micron Technology Inc. 0.01% 2,726 $237K New
SPG Simon Property Group Inc. 0.01% 1,423 $236K Reduce -3.3%
OGN Organon & Co. 0.01% 15,851 $236K New
ANET Arista Networks Inc. 0.01% 2,905 $225K New
QCOM Qualcomm Inc. 0.01% 1,431 $220K New
AMGN Amgen Inc. 0.01% 702 $219K Reduce -16.9%
MDB Mongodb Inc. 0.01% 1,235 $217K New
VIRT Virtu Financial Inc. Class A 0.01% 5,592 $213K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 20,322 $208K Reduce -7.8%
SNPS Synopsys Inc. 0.01% 476 $204K New
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.01% 12,790 $200K Reduce -7.8%
PAGS Pagseguro Digital Ltd. Class A 0.01% 22,665 $173K New
F Ford Motor Co. filed as FORD MTR CO 0.00% 16,993 $170K New
DLO Dlocal Ltd. 0.00% 19,150 $160K Add +86.3%
TDOC Teladoc Health Inc. 0.00% 12,637 $101K Reduce -2.5%

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

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