Krane Funds Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Krane Funds Advisors LLC reported 137 stock positions worth $3.5 billion. Its top holding was PDD (PDD) at 22.5% of the portfolio, followed by Tencent Music Entertainm-ADR (TME, 12.0%) and Kanzhun Ltd. - ADR (BZ, 11.7%). Compared with Q2 2025, it opened 14 new positions, sold out of 15, added to 86 and reduced 35. The biggest buy was PDD (PDD, shares +26%) and the biggest sale Rivian Automotive Class A (RIVN, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001536592
- Portfolio Value
- $3.5B (Q3 2025)
- SEC Filing
- 0001536592-25-000008 ↗ filed Nov 10, 2025
Holdings Value
Holdings 137 stocks · $3.5B
| PDD PDD Holdings Inc. | 22.52% | 6,139,072 | $792.4M | Add +25.5% |
| TME Tencent Music Entertainm-ADR | 11.98% | 19,020,641 | $421.6M | Add +25.4% |
| BZ Kanzhun Ltd. - ADR | 11.75% | 19,291,036 | $413.3M | Add +24.7% |
| YMM Full Truck Alliance -SPN ADR | 10.01% | 28,165,473 | $352.1M | Add +26.4% |
| VIPS Vipshop Holdings Ltd. - ADR | 9.11% | 17,185,535 | $320.4M | Add +24.9% |
| TAL Tal Education Group- ADR | 7.20% | 23,072,787 | $253.5M | Add +25.5% |
| KCSH Kraneshares Sust U S D I ETF | 5.76% | 8,057,400 | $202.6M | Add +12.2% |
| QFIN Qfin Holdings Inc.-ADR | 4.55% | 6,344,592 | $160.0M | Add +25.1% |
| KWEB Kranesh Csi China Internet | 3.60% | 3,224,901 | $126.7M | Add +4.9% |
| ATHM Autohome Inc.-ADR | 2.65% | 3,387,052 | $93.2M | Add +25.0% |
| JOYY Joyy Inc.-ADR | 2.40% | 1,474,900 | $84.4M | Add +25.1% |
| IQ Iqiyi Inc.-ADR | 1.59% | 27,539,381 | $55.8M | Add +26.7% |
| WB Weibo Corp.-Spon ADR | 1.47% | 4,676,063 | $51.9M | Add +25.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.04% | 55,400 | $36.7M | Add +80.5% |
| TSLA Tesla Inc. | 0.24% | 19,182 | $8.4M | Add +79.7% |
| NVDA Nvidia Corp. | 0.20% | 38,530 | $7.0M | Add +85.0% |
| MSFT Microsoft Corp. | 0.19% | 13,216 | $6.8M | Add +106.9% |
| META Meta Platforms Inc. Class A | 0.13% | 6,489 | $4.6M | Add +84.8% |
| MP MP Materials Corp. | 0.11% | 49,681 | $4.0M | Reduce -31.4% |
| GOOGL Alphabet Inc. Class A | 0.11% | 14,745 | $3.7M | Add +196.6% |
| AMZN Amazon.com Inc. | 0.10% | 15,772 | $3.3M | Add +142.5% |
| NBIS Nebius Group NV | 0.09% | 28,943 | $3.3M | Add +66.5% |
| AVGO Broadcom Inc. | 0.09% | 8,981 | $3.1M | Add +59.4% |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 14,404 | $2.6M | Add +169.8% |
| AAPL Apple Inc. | 0.07% | 10,106 | $2.5M | Add +6.4% |
| NOW ServiceNow Inc. | 0.07% | 2,788 | $2.5M | Add +265.4% |
| TEM Tempus AI Inc. Class A | 0.07% | 28,230 | $2.4M | Add +218.2% |
| ORCL Oracle Corp. | 0.07% | 7,943 | $2.3M | Add +129.7% |
| NFLX Netflix Inc. | 0.06% | 1,812 | $2.2M | New |
| APP AppLovin Corp. Class A | 0.06% | 3,616 | $2.2M | Add +208.8% |
| ALB Albemarle Corp. | 0.06% | 22,879 | $2.1M | Reduce -12.9% |
| APH Amphenol Corp. Class A | 0.06% | 16,494 | $2.1M | Add +431.2% |
| TXN Texas Instruments Inc. | 0.06% | 11,422 | $2.0M | Add +217.8% |
| CRM Salesforce Inc. | 0.06% | 8,197 | $2.0M | Add +171.0% |
| DUOL Duolingo | 0.06% | 6,076 | $2.0M | Add +383.8% |
| CRWV Coreweave Inc. Class A | 0.06% | 14,744 | $2.0M | New |
| RIVN Rivian Automotive Inc. Class A | 0.06% | 149,772 | $2.0M | Reduce -4.4% |
| SNOW Snowflake Inc. | 0.05% | 7,366 | $1.8M | Add +181.3% |
| DDOG Datadog Inc. Class A | 0.05% | 11,150 | $1.7M | Add +190.9% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.05% | 18,673 | $1.7M | Add +149.8% |
| NOVT Novanta Inc. | 0.05% | 15,782 | $1.7M | Add +903.3% |
| MOG.A Moog Inc. Class A | 0.05% | 8,161 | $1.7M | Add +448.8% |
| JBL Jabil Inc. | 0.05% | 7,941 | $1.6M | Add +282.5% |
| TEL Te Connectivity PLC | 0.05% | 7,311 | $1.6M | Add +411.6% |
| ST Sensata Technologies Holdplc | 0.05% | 52,230 | $1.6M | Add +535.7% |
| RRX Regal Rexnord Corp. | 0.05% | 11,335 | $1.6M | Add +437.5% |
| MBLY Mobileye Global Inc. Class A | 0.04% | 112,136 | $1.6M | Add +689.3% |
| IOT Samsara Inc. Class A | 0.04% | 43,074 | $1.6M | Add +277.4% |
| ADI Analog Devices Inc. | 0.04% | 6,479 | $1.6M | Add +553.1% |
| APTV Aptiv PLC | 0.04% | 18,554 | $1.5M | Add +448.6% |
| TDY Teledyne Technologies Inc. | 0.04% | 2,748 | $1.5M | Add +573.5% |
| ESTC Elastic NV | 0.04% | 18,994 | $1.5M | Add +154.8% |
| RBC RBC Bearings Inc. | 0.04% | 4,133 | $1.5M | Add +543.8% |
| AMD Advanced Micro Devices | 0.04% | 6,547 | $1.5M | New |
| ADBE Adobe Inc. | 0.04% | 4,569 | $1.5M | Add +222.0% |
| PLUG Plug Power Inc. | 0.04% | 439,983 | $1.5M | Reduce -1.5% |
| NXPI NXP Semiconductors NV | 0.04% | 7,018 | $1.5M | Add +567.8% |
| MDB Mongodb Inc. | 0.04% | 4,664 | $1.5M | Add +154.9% |
| RBLX Roblox Corp. Class A | 0.04% | 10,897 | $1.4M | Add +82.6% |
| NET Cloudflare Inc. Class A | 0.04% | 6,728 | $1.4M | Add +101.7% |
| MU Micron Technology Inc. | 0.04% | 6,891 | $1.4M | Add +134.7% |
| TWLO Twilio Inc. Class A | 0.04% | 12,293 | $1.3M | New |
| CSCO Cisco Systems Inc. | 0.04% | 18,227 | $1.3M | Add +104.6% |
| LEGN Legend Biotech Corp.-ADR | 0.03% | 38,491 | $1.2M | Add +12.7% |
| VRT Vertiv Holdings Co. Class A | 0.03% | 6,889 | $1.2M | Add +118.7% |
| CFLT Confluent Inc. Class A | 0.03% | 52,070 | $1.2M | Add +301.7% |
| MRVL Marvell Technology Inc. | 0.03% | 12,912 | $1.1M | Add +143.3% |
| SE Sea Ltd.-ADR | 0.03% | 6,918 | $1.1M | Add +31.2% |
| WDAY Workday Inc. Class A | 0.03% | 4,713 | $1.1M | Add +189.1% |
| GTLB Gitlab Inc. Class A | 0.03% | 23,202 | $1.1M | Add +189.7% |
| PANW Palo Alto Networks Inc. | 0.03% | 4,839 | $1.0M | Add +157.9% |
| ALAB Astera Labs Inc. | 0.03% | 6,184 | $964K | New |
| ANET Arista Networks Inc. | 0.03% | 6,710 | $958K | Add +113.6% |
| ZS Zscaler Inc. | 0.03% | 3,187 | $953K | Add +172.6% |
| CPNG Coupang Inc. | 0.03% | 29,492 | $920K | Add +39.6% |
| LCID Lucid Group Inc. | 0.03% | 45,154 | $898K | Reduce -23.2% |
| TEAM Atlassian Corp. Class A | 0.02% | 5,638 | $850K | Add +201.2% |
| ARM Arm Holdings PLC-ADR | 0.02% | 4,990 | $829K | Add +186.8% |
| MELI MercadoLibre Inc. | 0.02% | 400 | $812K | Add +61.9% |
| INFY Infosys Ltd.-SP ADR | 0.02% | 49,424 | $805K | No change |
| HD Home Depot Inc. | 0.02% | 1,619 | $634K | Reduce -9.4% |
| JPM JPMorgan Chase & Co. | 0.02% | 2,140 | $634K | Add +18.6% |
| JNJ Johnson & Johnson | 0.02% | 3,285 | $633K | Add +46.9% |
| SNPS Synopsys Inc. | 0.02% | 1,368 | $605K | Add +178.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 1,939 | $539K | Add +8.3% |
| GS Goldman Sachs Group Inc. | 0.01% | 698 | $523K | Reduce -18.2% |
| ENR Energizer Holdings Inc. | 0.01% | 21,239 | $523K | New |
| APA Apa Corp. | 0.01% | 22,252 | $506K | New |
| ZK Zeekr Intelligent Techno-ADR | 0.01% | 17,792 | $505K | Reduce -25.6% |
| JKS Jinkosolar Holding Co.-ADR | 0.01% | 21,595 | $500K | Reduce -6.5% |
| TPR Tapestry Inc. | 0.01% | 4,167 | $485K | New |
| GOOG Alphabet Inc. Class C | 0.01% | 1,906 | $481K | Reduce -53.9% |
| F Ford Motor Co. filed as FORD MTR CO | 0.01% | 40,025 | $478K | Reduce -11.8% |
| PFE Pfizer Inc. | 0.01% | 19,580 | $476K | Reduce -13.1% |
| PM Philip Morris International | 0.01% | 2,970 | $471K | Add +98.7% |
| ITW Illinois Tool Works | 0.01% | 1,884 | $467K | Reduce -3.8% |
| MO Altria Group Inc. | 0.01% | 7,172 | $465K | Reduce -15.2% |
| UPS United Parcel Service Class B | 0.01% | 5,399 | $462K | Add +8.4% |
| SPG Simon Property Group Inc. | 0.01% | 2,571 | $456K | Reduce -12.1% |
| CMCSA Comcast Corp. Class A | 0.01% | 14,995 | $441K | Reduce -0.5% |
Portfolio Sells Q2 2025 → Q3 2025
| RIVN Rivian Automotive Inc. Class A | Reduce -4.4% | 0.06% | −0.03 |
| LCID Lucid Group Inc. | Reduce -23.2% | 0.03% | −0.02 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.02 |
| PSA Public Storage | Sold out | 0.00% | −0.02 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.02 |
| OGN Organon & Co. | Sold out | 0.00% | −0.02 |
| DOW Dow Inc. | Sold out | 0.00% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -53.9% | 0.01% | −0.02 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.01 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.01 |
| FAST Fastenal Co. | Reduce -52.1% | 0.01% | −0.01 |
| UI Ubiquiti Inc. | Sold out | 0.00% | −0.01 |
| DTM DT Midstream Inc. | Reduce -52.5% | 0.01% | −0.01 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.01 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.01 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.01 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.01 |
| ZK Zeekr Intelligent Techno-ADR | Reduce -25.6% | 0.01% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -18.2% | 0.01% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -0.5% | 0.01% | −0.01 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.01 |
| TKR Timken Co. | Sold out | 0.00% | −0.01 |
| ETR Entergy Corp. | Reduce -48.5% | 0.01% | −0.01 |
| PFE Pfizer Inc. | Reduce -13.1% | 0.01% | −0.01 |
| HD Home Depot Inc. | Reduce -9.4% | 0.02% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -6.2% | 0.01% | −0.01 |
| ADP Automatic Data Processing | Reduce -5.4% | 0.01% | −0.01 |
| V Visa Inc. Class A | Reduce -7.0% | 0.01% | −0.01 |
| PAYX Paychex Inc. | Reduce -0.5% | 0.01% | −0.01 |
| MO Altria Group Inc. | Reduce -15.2% | 0.01% | −0.01 |
| CALM Cal-Maine Foods Inc. | Reduce -3.3% | 0.01% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.2% | 0.01% | −0.01 |
| ED Consolidated Edison Inc. | Reduce -26.1% | 0.01% | −0.01 |
| F Ford Motor Co. | Reduce -11.8% | 0.01% | −0.01 |
| ITW Illinois Tool Works | Reduce -3.8% | 0.01% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -11.2% | 0.01% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -12.1% | 0.01% | −0.01 |
| ABBV Abbvie Inc. | Reduce -24.3% | 0.01% | −0.01 |
| JKS Jinkosolar Holding Co.-ADR | Reduce -6.5% | 0.01% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -9.5% | 0.01% | −0.00 |
| KMB Kimberly-Clark Corp. | Reduce -6.4% | 0.01% | −0.00 |
| ALB Albemarle Corp. | Reduce -12.9% | 0.06% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -9.5% | 0.01% | −0.00 |
| AMGN Amgen Inc. | Reduce -16.1% | 0.01% | −0.00 |
| AEP American Electric Power | Reduce -24.2% | 0.01% | −0.00 |
| CMI Cummins Inc. | Reduce -25.7% | 0.01% | −0.00 |
| MS Morgan Stanley | Reduce -4.1% | 0.01% | −0.00 |
| PLUG Plug Power Inc. | Reduce -1.5% | 0.04% | +0.02 |
| MP MP Materials Corp. | Reduce -31.4% | 0.11% | +0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| PDD PDD Holdings Inc. | Add +25.5% | 22.52% | +2.40 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +24.9% | 9.11% | +0.97 |
| BZ Kanzhun Ltd. - ADR | Add +24.7% | 11.75% | +0.90 |
| TME Tencent Music Entertainm-ADR | Add +25.4% | 11.98% | +0.37 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +80.5% | 1.04% | +0.30 |
| TSLA Tesla Inc. | Add +79.7% | 0.24% | +0.10 |
| WB Weibo Corp.-Spon ADR | Add +25.0% | 1.47% | +0.07 |
| IQ Iqiyi Inc.-ADR | Add +26.7% | 1.59% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +196.6% | 0.11% | +0.07 |
| NVDA Nvidia Corp. | Add +85.0% | 0.20% | +0.07 |
| MSFT Microsoft Corp. | Add +106.9% | 0.19% | +0.07 |
| NFLX Netflix Inc. | New | 0.06% | +0.06 |
| CRWV Coreweave Inc. Class A | New | 0.06% | +0.06 |
| NBIS Nebius Group NV | Add +66.5% | 0.09% | +0.06 |
| TEM Tempus AI Inc. Class A | Add +218.2% | 0.07% | +0.05 |
| APH Amphenol Corp. Class A | Add +431.2% | 0.06% | +0.05 |
| APP AppLovin Corp. Class A | Add +208.8% | 0.06% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +169.8% | 0.07% | +0.04 |
| AMD Advanced Micro Devices | New | 0.04% | +0.04 |
| NOW ServiceNow Inc. | Add +265.4% | 0.07% | +0.04 |
| NOVT Novanta Inc. | Add +903.3% | 0.05% | +0.04 |
| AMZN Amazon.com Inc. | Add +142.5% | 0.10% | +0.04 |
| JOYY Joyy Inc.-ADR | Add +25.1% | 2.40% | +0.04 |
| TWLO Twilio Inc. Class A | New | 0.04% | +0.04 |
| TEL Te Connectivity PLC | Add +411.6% | 0.05% | +0.04 |
| MOG.A Moog Inc. Class A | Add +448.8% | 0.05% | +0.04 |
| ST Sensata Technologies Holdplc | Add +535.7% | 0.05% | +0.04 |
| DUOL Duolingo | Add +383.8% | 0.06% | +0.04 |
| ORCL Oracle Corp. | Add +129.7% | 0.07% | +0.04 |
| TDY Teledyne Technologies Inc. | Add +573.5% | 0.04% | +0.04 |
| ADI Analog Devices Inc. | Add +553.1% | 0.04% | +0.04 |
| APTV Aptiv PLC | Add +448.6% | 0.04% | +0.03 |
| MBLY Mobileye Global Inc. Class A | Add +689.3% | 0.04% | +0.03 |
| RBC RBC Bearings Inc. | Add +543.8% | 0.04% | +0.03 |
| NXPI NXP Semiconductors NV | Add +567.8% | 0.04% | +0.03 |
| RRX Regal Rexnord Corp. | Add +437.5% | 0.05% | +0.03 |
| P Everpure Inc. Class A | Add +149.8% | 0.05% | +0.03 |
| META Meta Platforms Inc. Class A | Add +84.8% | 0.13% | +0.03 |
| JBL Jabil Inc. | Add +282.5% | 0.05% | +0.03 |
| DDOG Datadog Inc. Class A | Add +190.9% | 0.05% | +0.03 |
| TXN Texas Instruments Inc. | Add +217.8% | 0.06% | +0.03 |
| AVGO Broadcom Inc. | Add +59.4% | 0.09% | +0.03 |
| ALAB Astera Labs Inc. | New | 0.03% | +0.03 |
| SNOW Snowflake Inc. | Add +181.3% | 0.05% | +0.03 |
| MDB Mongodb Inc. | Add +154.9% | 0.04% | +0.03 |
| IOT Samsara Inc. Class A | Add +277.4% | 0.04% | +0.03 |
| MU Micron Technology Inc. | Add +134.7% | 0.04% | +0.02 |
| CRM Salesforce Inc. | Add +171.0% | 0.06% | +0.02 |
| ADBE Adobe Inc. | Add +222.0% | 0.04% | +0.02 |
| CFLT Confluent Inc. Class A | Add +301.7% | 0.03% | +0.02 |
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 |