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

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 Q1 2025 Q2 2025: $2.5B $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 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%
ED Consolidated Edison Inc. 0.01% 3,189 $320K Add +39.0%
KMI Kinder Morgan Inc. 0.01% 10,834 $319K Add +0.5%
KMB Kimberly-Clark Corp. 0.01% 2,404 $310K Reduce -11.5%
APH Amphenol Corp. Class A 0.01% 3,105 $307K Reduce -59.0%
RRX Regal Rexnord Corp. 0.01% 2,109 $306K New
UI Ubiquiti Inc. 0.01% 728 $300K New
WMT Walmart Inc. 0.01% 3,025 $296K Add +5.6%
CVX Chevron Corp. 0.01% 2,007 $287K Add +15.3%
PKG Packaging Corp. of America 0.01% 1,494 $282K Reduce -14.3%
ARM Arm Holdings PLC-ADR 0.01% 1,740 $281K New
UNP Union Pacific Corp. 0.01% 1,192 $274K Add +10.0%
PM Philip Morris International 0.01% 1,495 $272K New
MOG.A Moog Inc. Class A 0.01% 1,487 $269K New
QCOM Qualcomm Inc. 0.01% 1,676 $267K Add +17.1%
PG The Procter & Gamble Co. 0.01% 1,660 $264K Add +18.5%
UNH Unitedhealth Group Inc. 0.01% 827 $258K Add +40.6%
AMGN Amgen Inc. 0.01% 919 $257K Add +30.9%
MBLY Mobileye Global Inc. Class A 0.01% 14,208 $255K New
SNPS Synopsys Inc. 0.01% 492 $252K Add +3.4%
CMI Cummins Inc. 0.01% 758 $248K Reduce -2.6%
ST Sensata Technologies Holdplc 0.01% 8,216 $247K New
RBC RBC Bearings Inc. 0.01% 642 $247K New
TEL Te Connectivity PLC 0.01% 1,429 $241K New
VIRT Virtu Financial Inc. Class A 0.01% 5,368 $240K Reduce -4.0%
AEP American Electric Power 0.01% 2,288 $237K New
ADI Analog Devices Inc. 0.01% 992 $236K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 16,834 $231K Reduce -17.2%
APTV Aptiv PLC 0.01% 3,382 $231K New
NXPI NXP Semiconductors NV 0.01% 1,051 $230K New
TDY Teledyne Technologies Inc. 0.01% 408 $209K New
MS Morgan Stanley 0.01% 1,479 $208K Reduce -28.0%
TKR Timken Co. 0.01% 2,839 $206K New
MCD McDonald's Corp. 0.01% 702 $205K New
NOVT Novanta Inc. 0.01% 1,573 $203K New
RL Ralph Lauren Corp. 0.01% 737 $202K New
DLO Dlocal Ltd. 0.01% 17,145 $194K Reduce -10.5%
NWBI Northwest Bancshares Inc. 0.01% 14,820 $189K New
TDOC Teladoc Health Inc. 0.00% 10,962 $95K Reduce -13.3%

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

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