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

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 Q2 2025 Q3 2025: $3.5B $3.5B Q3 2025 Q4 2025: $3.1B Q4 2025 Q1 2026: $2.4B Q1 2026 Q2 2026: $2.8B Q2 2026

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%
WU Western Union Co. 0.01% 53,759 $441K Add +9.6%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 4,289 $440K Reduce -11.2%
VZ Verizon Communications Inc. 0.01% 10,849 $438K Reduce -6.2%
UPBD Upbound Group Inc. 0.01% 19,835 $432K Add +9.9%
V Visa Inc. Class A 0.01% 1,247 $426K Reduce -7.0%
CALM Cal-Maine Foods Inc. 0.01% 4,519 $423K Reduce -3.3%
RHI Robert Half Inc. 0.01% 13,503 $422K Add +52.4%
MSM MSC Industrial Direct Co. Class A 0.01% 4,936 $421K Add +29.5%
ADP Automatic Data Processing 0.01% 1,490 $420K Reduce -5.4%
TUYA Tuya Inc. 0.01% 185,660 $418K Add +4.0%
BBY Best Buy Co. Inc. 0.01% 5,012 $397K New
BMY Bristol-Myers Squibb Co. 0.01% 9,053 $392K Reduce -4.2%
ABBV Abbvie Inc. 0.01% 1,697 $388K Reduce -24.3%
PAYX Paychex Inc. 0.01% 2,950 $372K Reduce -0.5%
UNP Union Pacific Corp. 0.01% 1,633 $372K Add +37.0%
TMUS T-Mobile US Inc. 0.01% 1,561 $356K New
DLO Dlocal Ltd. 0.01% 20,843 $315K Add +21.6%
RL Ralph Lauren Corp. 0.01% 854 $278K Add +15.9%
KMB Kimberly-Clark Corp. 0.01% 2,251 $272K Reduce -6.4%
SNA Snap-on Inc. 0.01% 792 $269K New
KMI Kinder Morgan Inc. 0.01% 9,800 $267K Reduce -9.5%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 16,834 $250K No change
ED Consolidated Edison Inc. 0.01% 2,356 $237K Reduce -26.1%
DINO HF Sinclair Corp. 0.01% 4,571 $236K New
CMI Cummins Inc. 0.01% 563 $230K Reduce -25.7%
AMGN Amgen Inc. 0.01% 771 $229K Reduce -16.1%
PG The Procter & Gamble Co. 0.01% 1,503 $227K Reduce -9.5%
MS Morgan Stanley 0.01% 1,419 $226K Reduce -4.1%
FAST Fastenal Co. 0.01% 5,326 $225K Reduce -52.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.01% 2,189 $218K New
ETR Entergy Corp. 0.01% 2,212 $211K Reduce -48.5%
DTM DT Midstream Inc. 0.01% 1,940 $211K Reduce -52.5%
SON Sonoco Products Co. 0.01% 5,240 $208K New
VIRT Virtu Financial Inc. Class A 0.01% 6,241 $207K Add +16.3%
AEP American Electric Power 0.01% 1,735 $204K Reduce -24.2%
NWBI Northwest Bancshares Inc. 0.01% 14,855 $179K Add +0.2%
TDOC Teladoc Health Inc. 0.00% 12,431 $106K Add +13.4%

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

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