Krane Funds Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Krane Funds Advisors LLC reported 138 stock positions worth $2.5 billion. Its top holding was PDD (PDD) at 20.1% of the portfolio, followed by Tencent Music Entertainm-ADR (TME, 11.6%) and Kanzhun Ltd. - ADR (BZ, 10.8%). Compared with Q1 2025, it opened 28 new positions, sold out of 9, added to 53 and reduced 57. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +28%) and the biggest sale an exit from Ke Holdings Inc.-ADR (BEKE).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001536592
- Portfolio Value
- $2.5B (Q2 2025)
- SEC Filing
- 0001536592-25-000005 ↗ filed Aug 11, 2025
Holdings Value
Holdings 138 stocks · $2.5B
| PDD PDD Holdings Inc. | 20.12% | 4,891,438 | $511.9M | Reduce -2.9% |
| TME Tencent Music Entertainm-ADR | 11.62% | 15,164,231 | $295.6M | Reduce -36.8% |
| BZ Kanzhun Ltd. - ADR | 10.85% | 15,471,689 | $276.0M | Reduce -23.9% |
| YMM Full Truck Alliance -SPN ADR | 10.35% | 22,284,925 | $263.2M | Reduce -15.0% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 8.65% | 5,072,650 | $220.0M | Reduce -27.9% |
| VIPS Vipshop Holdings Ltd. - ADR | 8.14% | 13,759,456 | $207.1M | Reduce -13.1% |
| TAL Tal Education Group- ADR | 7.39% | 18,388,361 | $187.9M | Reduce -14.2% |
| KCSH Kraneshares Sust U S D I ETF | 7.07% | 7,181,600 | $179.9M | Reduce -13.7% |
| KWEB Kranesh Csi China Internet | 4.15% | 3,073,601 | $105.5M | Reduce -6.0% |
| ATHM Autohome Inc.-ADR | 2.75% | 2,708,838 | $69.9M | Reduce -23.1% |
| JOYY Joyy Inc.-ADR | 2.36% | 1,179,094 | $60.0M | Reduce -24.4% |
| IQ Iqiyi Inc.-ADR | 1.51% | 21,740,065 | $38.5M | Reduce -19.2% |
| WB Weibo Corp.-Spon ADR | 1.40% | 3,741,165 | $35.7M | Reduce -13.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.75% | 30,700 | $19.0M | Add +27.9% |
| TSLA Tesla Inc. | 0.13% | 10,672 | $3.4M | Reduce -6.1% |
| NVDA Nvidia Corp. | 0.13% | 20,829 | $3.3M | Reduce -6.7% |
| MSFT Microsoft Corp. | 0.12% | 6,389 | $3.2M | Reduce -16.1% |
| META Meta Platforms Inc. Class A | 0.10% | 3,511 | $2.6M | Reduce -9.2% |
| MP MP Materials Corp. | 0.09% | 72,449 | $2.4M | Add +24.9% |
| RIVN Rivian Automotive Inc. Class A | 0.08% | 156,681 | $2.2M | Reduce -26.0% |
| AAPL Apple Inc. | 0.08% | 9,502 | $1.9M | Reduce -9.6% |
| ALB Albemarle Corp. | 0.06% | 26,266 | $1.6M | Add +15.1% |
| AVGO Broadcom Inc. | 0.06% | 5,636 | $1.6M | Add +109.0% |
| AMZN Amazon.com Inc. | 0.06% | 6,505 | $1.4M | Reduce -35.6% |
| LCID Lucid Group Inc. | 0.05% | 587,769 | $1.2M | Add +9.6% |
| LEGN Legend Biotech Corp.-ADR | 0.05% | 34,161 | $1.2M | Reduce -12.6% |
| NBIS Nebius Group NV | 0.04% | 17,384 | $962K | Reduce -50.6% |
| INFY Infosys Ltd.-SP ADR | 0.04% | 49,424 | $916K | Reduce -17.1% |
| GOOGL Alphabet Inc. Class A | 0.03% | 4,972 | $876K | Reduce -2.5% |
| SE Sea Ltd.-ADR | 0.03% | 5,274 | $844K | Reduce -12.0% |
| CRM Salesforce Inc. | 0.03% | 3,025 | $825K | Add +5.6% |
| NOW ServiceNow Inc. | 0.03% | 763 | $784K | Reduce -17.5% |
| ORCL Oracle Corp. | 0.03% | 3,458 | $756K | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.03% | 3,594 | $746K | Add +51.9% |
| GOOG Alphabet Inc. Class C | 0.03% | 4,137 | $734K | Reduce -48.7% |
| PLTR Palantir Technologies Inc. Class A | 0.03% | 5,339 | $728K | Reduce -23.5% |
| PLUG Plug Power Inc. | 0.03% | 446,788 | $666K | Reduce -0.9% |
| HD Home Depot Inc. | 0.03% | 1,788 | $656K | Add +2.0% |
| NET Cloudflare Inc. Class A | 0.03% | 3,335 | $653K | Add +16.0% |
| MELI MercadoLibre Inc. | 0.03% | 247 | $646K | Reduce -9.8% |
| CPNG Coupang Inc. | 0.02% | 21,126 | $633K | New |
| ESTC Elastic NV | 0.02% | 7,455 | $629K | Add +9.3% |
| RBLX Roblox Corp. Class A | 0.02% | 5,967 | $628K | Reduce -5.8% |
| CSCO Cisco Systems Inc. | 0.02% | 8,908 | $618K | Add +1.3% |
| ZK Zeekr Intelligent Techno-ADR | 0.02% | 23,902 | $610K | Add +37.8% |
| GS Goldman Sachs Group Inc. | 0.02% | 853 | $604K | Reduce -11.4% |
| SNOW Snowflake Inc. | 0.02% | 2,619 | $586K | Reduce -3.9% |
| TEM Tempus AI Inc. Class A | 0.02% | 8,872 | $564K | Add +25.3% |
| ADBE Adobe Inc. | 0.02% | 1,419 | $549K | Add +2.0% |
| PFE Pfizer Inc. | 0.02% | 22,542 | $546K | Add +19.2% |
| CMCSA Comcast Corp. Class A | 0.02% | 15,065 | $538K | Add +8.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 1,790 | $528K | Add +11.2% |
| JPM JPMorgan Chase & Co. | 0.02% | 1,804 | $523K | Reduce -5.7% |
| GILD Gilead Sciences Inc. | 0.02% | 4,682 | $519K | Add +11.9% |
| DUOL Duolingo | 0.02% | 1,256 | $515K | Reduce -24.9% |
| DDOG Datadog Inc. Class A | 0.02% | 3,833 | $515K | Reduce -1.2% |
| UPS United Parcel Service Class B | 0.02% | 4,982 | $503K | Add +26.2% |
| VZ Verizon Communications Inc. | 0.02% | 11,569 | $501K | Add +33.0% |
| MO Altria Group Inc. | 0.02% | 8,455 | $496K | Add +0.9% |
| F Ford Motor Co. filed as FORD MTR CO | 0.02% | 45,394 | $493K | Add +167.1% |
| JKS Jinkosolar Holding Co.-ADR | 0.02% | 23,089 | $490K | Add +8.5% |
| ADP Automatic Data Processing | 0.02% | 1,575 | $486K | Reduce -3.3% |
| ITW Illinois Tool Works | 0.02% | 1,959 | $484K | Add +11.4% |
| V Visa Inc. Class A | 0.02% | 1,341 | $476K | Reduce -22.9% |
| SPG Simon Property Group Inc. | 0.02% | 2,924 | $470K | Add +105.5% |
| FAST Fastenal Co. | 0.02% | 11,131 | $468K | Reduce -9.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.02% | 4,829 | $466K | Add +23.7% |
| CALM Cal-Maine Foods Inc. | 0.02% | 4,671 | $465K | Reduce -8.3% |
| PSA Public Storage | 0.02% | 1,563 | $459K | Add +22.5% |
| WEC WEC Energy Group Inc. | 0.02% | 4,387 | $457K | Add +4.7% |
| IOT Samsara Inc. Class A | 0.02% | 11,413 | $454K | Reduce -9.8% |
| UPBD Upbound Group Inc. | 0.02% | 18,049 | $453K | New |
| JBL Jabil Inc. | 0.02% | 2,076 | $453K | New |
| OGN Organon & Co. | 0.02% | 46,661 | $452K | Add +194.4% |
| DTM DT Midstream Inc. | 0.02% | 4,087 | $449K | Reduce -14.6% |
| BMY Bristol-Myers Squibb Co. | 0.02% | 9,449 | $437K | Add +16.8% |
| PAYX Paychex Inc. | 0.02% | 2,965 | $431K | Reduce -2.4% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.02% | 7,474 | $430K | Add +21.5% |
| DOW Dow Inc. | 0.02% | 16,046 | $425K | New |
| ABBV Abbvie Inc. | 0.02% | 2,243 | $416K | Add +35.2% |
| WU Western Union Co. | 0.02% | 49,067 | $413K | Add +29.6% |
| TUYA Tuya Inc. | 0.02% | 178,453 | $412K | Add +31.5% |
| MRVL Marvell Technology Inc. | 0.02% | 5,308 | $411K | New |
| APP AppLovin Corp. Class A | 0.02% | 1,171 | $410K | New |
| VRT Vertiv Holdings Co. Class A | 0.02% | 3,150 | $404K | New |
| WDAY Workday Inc. Class A | 0.02% | 1,630 | $391K | Reduce -11.0% |
| MDB Mongodb Inc. | 0.02% | 1,830 | $384K | Add +48.2% |
| PANW Palo Alto Networks Inc. | 0.02% | 1,876 | $384K | Reduce -14.1% |
| TEAM Atlassian Corp. Class A | 0.01% | 1,872 | $380K | Add +21.5% |
| ZS Zscaler Inc. | 0.01% | 1,169 | $367K | Reduce -29.9% |
| RHI Robert Half Inc. | 0.01% | 8,862 | $364K | New |
| MU Micron Technology Inc. | 0.01% | 2,936 | $362K | Add +7.7% |
| GTLB Gitlab Inc. Class A | 0.01% | 8,009 | $361K | Add +34.3% |
| LMT Lockheed Martin Corp. | 0.01% | 773 | $358K | Add +15.2% |
| ETR Entergy Corp. | 0.01% | 4,295 | $357K | Add +15.0% |
| JNJ Johnson & Johnson | 0.01% | 2,237 | $342K | Add +40.5% |
| APD Air Products & Chemicals Inc. | 0.01% | 1,199 | $338K | Reduce -12.5% |
| MSM MSC Industrial Direct Co. Class A | 0.01% | 3,811 | $324K | New |
| CFLT Confluent Inc. Class A | 0.01% | 12,961 | $323K | Add +20.7% |
| ANET Arista Networks Inc. | 0.01% | 3,141 | $321K | Add +8.1% |
Portfolio Sells Q1 2025 → Q2 2025
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −8.61 |
| TAL Tal Education Group- ADR | Reduce -14.2% | 7.39% | −0.75 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -27.9% | 8.65% | −0.43 |
| BZ Kanzhun Ltd. - ADR | Reduce -23.9% | 10.85% | −0.36 |
| IQ Iqiyi Inc.-ADR | Reduce -19.2% | 1.51% | −0.24 |
| KALL Kraneshares MSCI All China I | Sold out | 0.00% | −0.08 |
| ATHM Autohome Inc.-ADR | Reduce -23.1% | 2.75% | −0.06 |
| KEMX Kraneshares MSCI E-MKT Ex-CH | Sold out | 0.00% | −0.05 |
| HESM Hess Midstream LP Class A | Sold out | 0.00% | −0.01 |
| BSM Black Stone Minerals LP | Sold out | 0.00% | −0.01 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.01 |
| BAP Credicorp Ltd. | Sold out | 0.00% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -48.7% | 0.03% | −0.01 |
| BVN Cia DE Minas Buenaventur-ADR | Sold out | 0.00% | −0.01 |
| PAGS Pagseguro Digital Ltd. Class A | Sold out | 0.00% | −0.01 |
| APH Amphenol Corp. Class A | Reduce -59.0% | 0.01% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -35.6% | 0.06% | +0.00 |
| TDOC Teladoc Health Inc. | Reduce -13.3% | 0.00% | +0.00 |
| KMB Kimberly-Clark Corp. | Reduce -11.5% | 0.01% | +0.00 |
| PKG Packaging Corp. of America | Reduce -14.3% | 0.01% | +0.00 |
| V Visa Inc. Class A | Reduce -22.9% | 0.02% | +0.00 |
| MS Morgan Stanley | Reduce -28.0% | 0.01% | +0.00 |
| APD Air Products & Chemicals Inc. | Reduce -12.5% | 0.01% | +0.00 |
| CMI Cummins Inc. | Reduce -2.6% | 0.01% | +0.00 |
| WDAY Workday Inc. Class A | Reduce -11.0% | 0.02% | +0.00 |
| DLO Dlocal Ltd. | Reduce -10.5% | 0.01% | +0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -17.2% | 0.01% | +0.00 |
| VIRT Virtu Financial Inc. Class A | Reduce -4.0% | 0.01% | +0.00 |
| PAYX Paychex Inc. | Reduce -2.4% | 0.02% | +0.00 |
| IOT Samsara Inc. Class A | Reduce -9.8% | 0.02% | +0.00 |
| DTM DT Midstream Inc. | Reduce -14.6% | 0.02% | +0.00 |
| PANW Palo Alto Networks Inc. | Reduce -14.1% | 0.02% | +0.00 |
| FAST Fastenal Co. | Reduce -9.6% | 0.02% | +0.00 |
| INFY Infosys Ltd.-SP ADR | Reduce -17.1% | 0.04% | +0.00 |
| ADP Automatic Data Processing | Reduce -3.3% | 0.02% | +0.00 |
| ZS Zscaler Inc. | Reduce -29.9% | 0.01% | +0.00 |
| CALM Cal-Maine Foods Inc. | Reduce -8.3% | 0.02% | +0.01 |
| DUOL Duolingo | Reduce -24.9% | 0.02% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -5.7% | 0.02% | +0.01 |
| GS Goldman Sachs Group Inc. | Reduce -11.4% | 0.02% | +0.01 |
| PLUG Plug Power Inc. | Reduce -0.9% | 0.03% | +0.01 |
| RIVN Rivian Automotive Inc. Class A | Reduce -26.0% | 0.08% | +0.01 |
| DDOG Datadog Inc. Class A | Reduce -1.2% | 0.02% | +0.01 |
| AAPL Apple Inc. | Reduce -9.6% | 0.08% | +0.01 |
| LEGN Legend Biotech Corp.-ADR | Reduce -12.6% | 0.05% | +0.01 |
| NOW ServiceNow Inc. | Reduce -17.5% | 0.03% | +0.01 |
| MELI MercadoLibre Inc. | Reduce -9.8% | 0.03% | +0.01 |
| SE Sea Ltd.-ADR | Reduce -12.0% | 0.03% | +0.01 |
| SNOW Snowflake Inc. | Reduce -3.9% | 0.02% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -23.5% | 0.03% | +0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +27.9% | 0.75% | +0.36 |
| MP MP Materials Corp. | Add +24.9% | 0.09% | +0.05 |
| AVGO Broadcom Inc. | Add +109.0% | 0.06% | +0.05 |
| CPNG Coupang Inc. | New | 0.02% | +0.02 |
| JBL Jabil Inc. | New | 0.02% | +0.02 |
| UPBD Upbound Group Inc. | New | 0.02% | +0.02 |
| ALB Albemarle Corp. | Add +15.1% | 0.06% | +0.02 |
| TXN Texas Instruments Inc. | Add +51.9% | 0.03% | +0.02 |
| DOW Dow Inc. | New | 0.02% | +0.02 |
| NET Cloudflare Inc. Class A | Add +16.0% | 0.03% | +0.02 |
| APP AppLovin Corp. Class A | New | 0.02% | +0.02 |
| MRVL Marvell Technology Inc. | New | 0.02% | +0.02 |
| VRT Vertiv Holdings Co. Class A | New | 0.02% | +0.02 |
| F Ford Motor Co. | Add +167.1% | 0.02% | +0.01 |
| RHI Robert Half Inc. | New | 0.01% | +0.01 |
| MSM MSC Industrial Direct Co. Class A | New | 0.01% | +0.01 |
| TEM Tempus AI Inc. Class A | Add +25.3% | 0.02% | +0.01 |
| RRX Regal Rexnord Corp. | New | 0.01% | +0.01 |
| ZK Zeekr Intelligent Techno-ADR | Add +37.8% | 0.02% | +0.01 |
| UI Ubiquiti Inc. | New | 0.01% | +0.01 |
| SPG Simon Property Group Inc. | Add +105.5% | 0.02% | +0.01 |
| LCID Lucid Group Inc. | Add +9.6% | 0.05% | +0.01 |
| ARM Arm Holdings PLC-ADR | New | 0.01% | +0.01 |
| OGN Organon & Co. | Add +194.4% | 0.02% | +0.01 |
| PM Philip Morris International | New | 0.01% | +0.01 |
| MOG.A Moog Inc. Class A | New | 0.01% | +0.01 |
| CRM Salesforce Inc. | Add +5.6% | 0.03% | +0.01 |
| MBLY Mobileye Global Inc. Class A | New | 0.01% | +0.01 |
| RBC RBC Bearings Inc. | New | 0.01% | +0.01 |
| ST Sensata Technologies Holdplc | New | 0.01% | +0.01 |
| TEL Te Connectivity PLC | New | 0.01% | +0.01 |
| AEP American Electric Power | New | 0.01% | +0.01 |
| ADI Analog Devices Inc. | New | 0.01% | +0.01 |
| IBM Intl Business Machines Corp. | Add +11.2% | 0.02% | +0.01 |
| P Everpure Inc. Class A | Add +21.5% | 0.02% | +0.01 |
| APTV Aptiv PLC | New | 0.01% | +0.01 |
| NXPI NXP Semiconductors NV | New | 0.01% | +0.01 |
| MDB Mongodb Inc. | Add +48.2% | 0.02% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.3% | 0.02% | +0.01 |
| VZ Verizon Communications Inc. | Add +33.0% | 0.02% | +0.01 |
| TDY Teledyne Technologies Inc. | New | 0.01% | +0.01 |
| MCD McDonald's Corp. | New | 0.01% | +0.01 |
| TKR Timken Co. | New | 0.01% | +0.01 |
| NOVT Novanta Inc. | New | 0.01% | +0.01 |
| TROW T Rowe Price Group Inc. | Add +23.7% | 0.02% | +0.01 |
| JKS Jinkosolar Holding Co.-ADR | Add +8.5% | 0.02% | +0.01 |
| RL Ralph Lauren Corp. | New | 0.01% | +0.01 |
| PFE Pfizer Inc. | Add +19.2% | 0.02% | +0.01 |
| MU Micron Technology Inc. | Add +7.7% | 0.01% | +0.01 |
| NWBI Northwest Bancshares Inc. | New | 0.01% | +0.01 |
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 |