Krane Funds Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Krane Funds Advisors LLC reported 159 stock positions worth $3.1 billion. Its top holding was PDD (PDD) at 23.5% of the portfolio, followed by Tencent Music Entertainm-ADR (TME, 11.4%) and Full Truck Alliance -SPN ADR (YMM, 11.2%). Compared with Q3 2025, it opened 40 new positions, sold out of 18, added to 53 and reduced 64. The biggest buy was Full Truck Alliance -SPN ADR (YMM, shares +14%) and the biggest sale Vipshop Holdings Ltd. - ADR (VIPS, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001536592
- Portfolio Value
- $3.1B (Q4 2025)
- SEC Filing
- 0001536592-26-000002 ↗ filed Feb 11, 2026
Holdings Value
Holdings 159 stocks · $3.1B
| PDD PDD Holdings Inc. | 23.54% | 6,397,960 | $725.5M | Add +4.2% |
| TME Tencent Music Entertainm-ADR | 11.40% | 20,047,192 | $351.4M | Add +5.4% |
| YMM Full Truck Alliance -SPN ADR | 11.18% | 32,100,736 | $344.4M | Add +14.0% |
| BZ Kanzhun Ltd. - ADR | 10.62% | 16,060,290 | $327.3M | Reduce -16.8% |
| TAL Tal Education Group- ADR | 7.52% | 21,231,472 | $231.6M | Reduce -8.0% |
| VIPS Vipshop Holdings Ltd. - ADR | 7.34% | 12,793,590 | $226.3M | Reduce -25.6% |
| KCSH Kraneshares Sust U S D I ETF | 6.14% | 7,553,700 | $189.3M | Reduce -6.3% |
| KWEB Kranesh Csi China Internet | 4.26% | 3,856,700 | $131.3M | Add +19.6% |
| QFIN Qfin Holdings Inc.-ADR | 3.55% | 5,669,691 | $109.3M | Reduce -10.6% |
| JOYY Joyy Inc.-ADR | 2.77% | 1,320,319 | $85.5M | Reduce -10.5% |
| ATHM Autohome Inc.-ADR | 2.24% | 3,095,012 | $68.9M | Reduce -8.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.78% | 80,400 | $54.8M | Add +45.1% |
| WB Weibo Corp.-Spon ADR | 1.42% | 4,274,081 | $43.7M | Reduce -8.6% |
| TSLA Tesla Inc. | 0.33% | 22,344 | $10.0M | Add +16.5% |
| NVDA Nvidia Corp. | 0.24% | 39,268 | $7.3M | Add +1.9% |
| MSFT Microsoft Corp. | 0.21% | 13,490 | $6.5M | Add +2.1% |
| META Meta Platforms Inc. Class A | 0.18% | 8,354 | $5.5M | Add +28.7% |
| AMZN Amazon.com Inc. | 0.14% | 19,003 | $4.4M | Add +20.5% |
| GOOGL Alphabet Inc. Class A | 0.12% | 12,262 | $3.8M | Reduce -16.8% |
| NOW ServiceNow Inc. | 0.12% | 24,233 | $3.7M | Add +73.8% |
| MP MP Materials Corp. | 0.12% | 71,748 | $3.6M | Add +44.4% |
| ADBE Adobe Inc. | 0.11% | 9,999 | $3.5M | Add +118.8% |
| ALB Albemarle Corp. | 0.11% | 23,225 | $3.3M | Add +1.5% |
| AVGO Broadcom Inc. | 0.09% | 8,182 | $2.8M | Reduce -8.9% |
| RIVN Rivian Automotive Inc. Class A | 0.09% | 136,806 | $2.7M | Reduce -8.7% |
| SNPS Synopsys Inc. | 0.09% | 5,654 | $2.7M | Add +313.3% |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 14,222 | $2.5M | Reduce -1.3% |
| APH Amphenol Corp. Class A | 0.08% | 18,036 | $2.4M | Add +9.3% |
| AMD Advanced Micro Devices | 0.08% | 11,306 | $2.4M | Add +72.7% |
| TXN Texas Instruments Inc. | 0.08% | 13,951 | $2.4M | Add +22.1% |
| ANET Arista Networks Inc. | 0.08% | 18,177 | $2.4M | Add +170.9% |
| AAPL Apple Inc. | 0.08% | 8,668 | $2.4M | Reduce -14.2% |
| MBLY Mobileye Global Inc. Class A | 0.08% | 221,797 | $2.3M | Add +97.8% |
| PANW Palo Alto Networks Inc. | 0.07% | 12,039 | $2.2M | Add +148.8% |
| CRM Salesforce Inc. | 0.07% | 8,254 | $2.2M | Add +0.7% |
| JBL Jabil Inc. | 0.07% | 9,228 | $2.1M | Add +16.2% |
| MOG.A Moog Inc. Class A | 0.07% | 8,397 | $2.0M | Add +2.9% |
| ISRG Intuitive Surgical Inc. | 0.07% | 3,600 | $2.0M | New |
| ST Sensata Technologies Holdplc | 0.07% | 60,640 | $2.0M | Add +16.1% |
| CRDO Credo Technology Group Holdi | 0.06% | 13,840 | $2.0M | New |
| RBC RBC Bearings Inc. | 0.06% | 4,425 | $2.0M | Add +7.1% |
| APTV Aptiv PLC | 0.06% | 26,044 | $2.0M | Add +40.4% |
| TEL Te Connectivity PLC | 0.06% | 8,695 | $2.0M | Add +18.9% |
| ADI Analog Devices Inc. | 0.06% | 7,289 | $2.0M | Add +12.5% |
| NXPI NXP Semiconductors NV | 0.06% | 9,104 | $2.0M | Add +29.7% |
| TDY Teledyne Technologies Inc. | 0.06% | 3,866 | $2.0M | Add +40.7% |
| RRX Regal Rexnord Corp. | 0.06% | 14,066 | $2.0M | Add +24.1% |
| NOVT Novanta Inc. | 0.06% | 16,572 | $2.0M | Add +5.0% |
| ORCL Oracle Corp. | 0.06% | 9,920 | $1.9M | Add +24.9% |
| LULU Lululemon Athletica Inc. | 0.06% | 9,300 | $1.9M | New |
| APP AppLovin Corp. Class A | 0.06% | 2,859 | $1.9M | Reduce -20.9% |
| NFLX Netflix Inc. | 0.06% | 20,064 | $1.9M | Add +10.7% |
| TWLO Twilio Inc. Class A | 0.06% | 12,407 | $1.8M | Add +0.9% |
| FSLR First Solar Inc. | 0.06% | 6,700 | $1.8M | New |
| CDNS Cadence Design SYS Inc. | 0.05% | 5,400 | $1.7M | New |
| ADSK Autodesk Inc. | 0.05% | 5,600 | $1.7M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.05% | 3,300 | $1.5M | New |
| FTNT Fortinet Inc. | 0.05% | 19,200 | $1.5M | New |
| BSX Boston Scientific Corp. | 0.05% | 15,900 | $1.5M | New |
| RDDT Reddit Inc. Class A | 0.05% | 6,593 | $1.5M | New |
| DDOG Datadog Inc. Class A | 0.05% | 10,986 | $1.5M | Reduce -1.5% |
| IOT Samsara Inc. Class A | 0.05% | 42,141 | $1.5M | Reduce -2.2% |
| NET Cloudflare Inc. Class A | 0.05% | 7,554 | $1.5M | Add +12.3% |
| ESTC Elastic NV | 0.05% | 19,739 | $1.5M | Add +3.9% |
| MDB Mongodb Inc. | 0.05% | 3,535 | $1.5M | Reduce -24.2% |
| SNOW Snowflake Inc. | 0.05% | 6,665 | $1.5M | Reduce -9.5% |
| WDAY Workday Inc. Class A | 0.05% | 6,800 | $1.5M | Add +44.3% |
| UBER Uber Technologies Inc. | 0.05% | 17,600 | $1.4M | New |
| ORLY O'reilly Automotive Inc. | 0.05% | 15,700 | $1.4M | New |
| DASH DoorDash Inc. Class A | 0.04% | 6,100 | $1.4M | New |
| SE Sea Ltd.-ADR | 0.04% | 10,705 | $1.4M | Add +54.7% |
| AZO AutoZone Inc. | 0.04% | 400 | $1.4M | New |
| FICO Fair Isaac Corp. | 0.04% | 800 | $1.4M | New |
| CSCO Cisco Systems Inc. | 0.04% | 16,504 | $1.3M | Reduce -9.4% |
| RBLX Roblox Corp. Class A | 0.04% | 15,516 | $1.3M | Add +42.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.04% | 32,700 | $1.2M | New |
| AUR Aurora Innovation Inc. | 0.04% | 323,019 | $1.2M | New |
| CFLT Confluent Inc. Class A | 0.04% | 39,621 | $1.2M | Reduce -23.9% |
| NBIS Nebius Group NV | 0.04% | 14,211 | $1.2M | Reduce -50.9% |
| TEM Tempus AI Inc. Class A | 0.04% | 19,699 | $1.2M | Reduce -30.2% |
| TEAM Atlassian Corp. Class A | 0.03% | 6,591 | $1.1M | Add +16.9% |
| DUOL Duolingo | 0.03% | 5,811 | $1.0M | Reduce -4.4% |
| CRWV Coreweave Inc. Class A | 0.03% | 14,088 | $1.0M | Reduce -4.5% |
| ALAB Astera Labs Inc. | 0.03% | 6,050 | $1.0M | Reduce -2.2% |
| MELI MercadoLibre Inc. | 0.03% | 480 | $967K | Add +20.0% |
| CEG Constellation Energy | 0.03% | 2,683 | $948K | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.03% | 13,915 | $932K | Reduce -25.5% |
| MU Micron Technology Inc. | 0.03% | 3,194 | $912K | Reduce -53.6% |
| GTLB Gitlab Inc. Class A | 0.03% | 24,282 | $911K | Add +4.7% |
| SMCI Super Micro Computer Inc. | 0.03% | 31,000 | $907K | New |
| FISV Fiserv Inc. | 0.03% | 13,200 | $887K | New |
| INFY Infosys Ltd.-SP ADR | 0.03% | 49,424 | $881K | No change |
| CPNG Coupang Inc. | 0.03% | 36,446 | $860K | Add +23.6% |
| VRT Vertiv Holdings Co. Class A | 0.03% | 5,218 | $845K | Reduce -24.3% |
| ZS Zscaler Inc. | 0.02% | 3,190 | $717K | Add +0.1% |
| CRCL Circle Internet Group Inc. | 0.02% | 8,939 | $709K | New |
| JPM JPMorgan Chase & Co. | 0.02% | 2,008 | $647K | Reduce -6.2% |
| AMBA Ambarella Inc. | 0.02% | 8,848 | $627K | New |
| LEGN Legend Biotech Corp.-ADR | 0.02% | 28,818 | $627K | Reduce -25.1% |
| JNJ Johnson & Johnson | 0.02% | 2,926 | $606K | Reduce -10.9% |
Portfolio Sells Q3 2025 → Q4 2025
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -25.6% | 7.34% | −1.76 |
| IQ Iqiyi Inc.-ADR | Sold out | 0.00% | −1.59 |
| BZ Kanzhun Ltd. - ADR | Reduce -16.8% | 10.62% | −1.13 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -10.6% | 3.55% | −1.00 |
| ATHM Autohome Inc.-ADR | Reduce -8.6% | 2.24% | −0.41 |
| WB Weibo Corp.-Spon ADR | Reduce -8.6% | 1.42% | −0.06 |
| NBIS Nebius Group NV | Reduce -50.9% | 0.04% | −0.05 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.03 |
| TEM Tempus AI Inc. Class A | Reduce -30.2% | 0.04% | −0.03 |
| PLUG Plug Power Inc. | Reduce -45.8% | 0.02% | −0.03 |
| DUOL Duolingo | Reduce -4.4% | 0.03% | −0.02 |
| CRWV Coreweave Inc. Class A | Reduce -4.5% | 0.03% | −0.02 |
| P Everpure Inc. Class A | Reduce -25.5% | 0.03% | −0.02 |
| LCID Lucid Group Inc. | Reduce -39.4% | 0.01% | −0.02 |
| LEGN Legend Biotech Corp.-ADR | Reduce -25.1% | 0.02% | −0.01 |
| APA Apa Corp. | Sold out | 0.00% | −0.01 |
| ZK Zeekr Intelligent Techno-ADR | Sold out | 0.00% | −0.01 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.01 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.01 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.01 |
| MU Micron Technology Inc. | Reduce -53.6% | 0.03% | −0.01 |
| ARM Arm Holdings PLC-ADR | Reduce -10.8% | 0.02% | −0.01 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.01 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.01 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.01 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.01 |
| VRT Vertiv Holdings Co. Class A | Reduce -24.3% | 0.03% | −0.01 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.01 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.01 |
| ETR Entergy Corp. | Sold out | 0.00% | −0.01 |
| SON Sonoco Products Co. | Sold out | 0.00% | −0.01 |
| VIRT Virtu Financial Inc. Class A | Sold out | 0.00% | −0.01 |
| AEP American Electric Power | Sold out | 0.00% | −0.01 |
| SNOW Snowflake Inc. | Reduce -9.5% | 0.05% | −0.00 |
| CMCSA Comcast Corp. Class A | Reduce -27.8% | 0.01% | −0.00 |
| MO Altria Group Inc. | Reduce -11.4% | 0.01% | −0.00 |
| HD Home Depot Inc. | Reduce -7.6% | 0.02% | −0.00 |
| RL Ralph Lauren Corp. | Reduce -31.5% | 0.01% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -18.0% | 0.01% | −0.00 |
| TUYA Tuya Inc. | Reduce -11.2% | 0.01% | −0.00 |
| DDOG Datadog Inc. Class A | Reduce -1.5% | 0.05% | −0.00 |
| ITW Illinois Tool Works | Reduce -15.0% | 0.01% | −0.00 |
| MSM MSC Industrial Direct Co. Class A | Reduce -15.2% | 0.01% | −0.00 |
| PM Philip Morris International | Reduce -16.9% | 0.01% | −0.00 |
| NWBI Northwest Bancshares Inc. | Reduce -10.8% | 0.01% | +0.00 |
| KMI Kinder Morgan Inc. | Reduce -9.0% | 0.01% | +0.00 |
| DLO Dlocal Ltd. | Reduce -2.3% | 0.01% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -27.1% | 0.01% | +0.00 |
| ED Consolidated Edison Inc. | Reduce -5.2% | 0.01% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| YMM Full Truck Alliance -SPN ADR | Add +14.0% | 11.18% | +1.17 |
| PDD PDD Holdings Inc. | Add +4.2% | 23.54% | +1.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +45.1% | 1.78% | +0.74 |
| KWEB Kranesh Csi China Internet | Add +19.6% | 4.26% | +0.66 |
| TSLA Tesla Inc. | Add +16.5% | 0.33% | +0.09 |
| ADBE Adobe Inc. | Add +118.8% | 0.11% | +0.07 |
| SNPS Synopsys Inc. | Add +313.3% | 0.09% | +0.07 |
| ISRG Intuitive Surgical Inc. | New | 0.07% | +0.07 |
| CRDO Credo Technology Group Holdi | New | 0.06% | +0.06 |
| LULU Lululemon Athletica Inc. | New | 0.06% | +0.06 |
| FSLR First Solar Inc. | New | 0.06% | +0.06 |
| CDNS Cadence Design SYS Inc. | New | 0.05% | +0.05 |
| ADSK Autodesk Inc. | New | 0.05% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.05% | +0.05 |
| ANET Arista Networks Inc. | Add +170.9% | 0.08% | +0.05 |
| FTNT Fortinet Inc. | New | 0.05% | +0.05 |
| BSX Boston Scientific Corp. | New | 0.05% | +0.05 |
| RDDT Reddit Inc. Class A | New | 0.05% | +0.05 |
| NOW ServiceNow Inc. | Add +73.8% | 0.12% | +0.05 |
| META Meta Platforms Inc. Class A | Add +28.7% | 0.18% | +0.05 |
| AMZN Amazon.com Inc. | Add +20.5% | 0.14% | +0.05 |
| UBER Uber Technologies Inc. | New | 0.05% | +0.05 |
| ORLY O'reilly Automotive Inc. | New | 0.05% | +0.05 |
| ALB Albemarle Corp. | Add +1.5% | 0.11% | +0.05 |
| DASH DoorDash Inc. Class A | New | 0.04% | +0.04 |
| AZO AutoZone Inc. | New | 0.04% | +0.04 |
| FICO Fair Isaac Corp. | New | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +148.8% | 0.07% | +0.04 |
| AUR Aurora Innovation Inc. | New | 0.04% | +0.04 |
| TTD Trade Desk Inc./the Class A | New | 0.04% | +0.04 |
| NVDA Nvidia Corp. | Add +1.9% | 0.24% | +0.04 |
| AMD Advanced Micro Devices | Add +72.7% | 0.08% | +0.04 |
| CEG Constellation Energy | New | 0.03% | +0.03 |
| MBLY Mobileye Global Inc. Class A | Add +97.8% | 0.08% | +0.03 |
| SMCI Super Micro Computer Inc. | New | 0.03% | +0.03 |
| FISV Fiserv Inc. | New | 0.03% | +0.03 |
| CRCL Circle Internet Group Inc. | New | 0.02% | +0.02 |
| NXPI NXP Semiconductors NV | Add +29.7% | 0.06% | +0.02 |
| JBL Jabil Inc. | Add +16.2% | 0.07% | +0.02 |
| TXN Texas Instruments Inc. | Add +22.1% | 0.08% | +0.02 |
| RBC RBC Bearings Inc. | Add +7.1% | 0.06% | +0.02 |
| APH Amphenol Corp. Class A | Add +9.3% | 0.08% | +0.02 |
| AMBA Ambarella Inc. | New | 0.02% | +0.02 |
| APTV Aptiv PLC | Add +40.4% | 0.06% | +0.02 |
| TDY Teledyne Technologies Inc. | Add +40.7% | 0.06% | +0.02 |
| TWLO Twilio Inc. Class A | Add +0.9% | 0.06% | +0.02 |
| ADI Analog Devices Inc. | Add +12.5% | 0.06% | +0.02 |
| ST Sensata Technologies Holdplc | Add +16.1% | 0.07% | +0.02 |
| MSFT Microsoft Corp. | Add +2.1% | 0.21% | +0.02 |
| MOG.A Moog Inc. Class A | Add +2.9% | 0.07% | +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 |