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

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

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%
HSAI Hesai Group 0.02% 24,834 $556K New
PONY Pony AI Inc. 0.02% 35,568 $516K New
HD Home Depot Inc. 0.02% 1,496 $515K Reduce -7.6%
TPR Tapestry Inc. 0.02% 3,984 $509K Reduce -4.4%
GS Goldman Sachs Group Inc. 0.02% 575 $505K Reduce -17.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 1,690 $501K Reduce -12.8%
JKS Jinkosolar Holding Co.-ADR 0.02% 18,886 $487K Reduce -12.5%
ARM Arm Holdings PLC-ADR 0.02% 4,451 $487K Reduce -10.8%
UPS United Parcel Service Class B 0.02% 4,905 $487K Reduce -9.2%
WU Western Union Co. 0.02% 50,694 $472K Reduce -5.7%
PLUG Plug Power Inc. 0.02% 238,517 $470K Reduce -45.8%
ABBV Abbvie Inc. 0.01% 1,966 $449K Add +15.8%
F Ford Motor Co. filed as FORD MTR CO 0.01% 34,038 $447K Reduce -15.0%
ENR Energizer Holdings Inc. 0.01% 22,112 $440K Add +4.1%
PRU Prudential Financial Inc. 0.01% 3,878 $438K New
PFE Pfizer Inc. 0.01% 17,554 $437K Reduce -10.3%
GOOG Alphabet Inc. Class C 0.01% 1,390 $436K Reduce -27.1%
SPG Simon Property Group Inc. 0.01% 2,316 $429K Reduce -9.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 4,068 $416K Reduce -5.2%
PAYX Paychex Inc. 0.01% 3,673 $412K Add +24.5%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.01% 14,531 $409K New
PSA Public Storage 0.01% 1,558 $404K New
BMY Bristol-Myers Squibb Co. 0.01% 7,374 $398K Reduce -18.6%
UPBD Upbound Group Inc. 0.01% 22,598 $397K Add +13.9%
PM Philip Morris International 0.01% 2,467 $396K Reduce -16.9%
ITW Illinois Tool Works 0.01% 1,602 $395K Reduce -15.0%
WPC WP Carey Inc. 0.01% 5,974 $384K New
WRD Weride Inc.-ADR 0.01% 42,612 $370K New
MO Altria Group Inc. 0.01% 6,353 $366K Reduce -11.4%
VZ Verizon Communications Inc. 0.01% 8,898 $362K Reduce -18.0%
CALM Cal-Maine Foods Inc. 0.01% 4,523 $360K Add +0.1%
MSM MSC Industrial Direct Co. Class A 0.01% 4,185 $352K Reduce -15.2%
TUYA Tuya Inc. 0.01% 164,845 $348K Reduce -11.2%
BBY Best Buy Co. Inc. 0.01% 5,163 $346K Add +3.0%
UNP Union Pacific Corp. 0.01% 1,472 $341K Reduce -9.9%
CMCSA Comcast Corp. Class A 0.01% 10,829 $324K Reduce -27.8%
RF Regions Financial Corp. 0.01% 11,862 $321K New
LCID Lucid Group Inc. 0.01% 27,372 $289K Reduce -39.4%
DLO Dlocal Ltd. 0.01% 20,367 $288K Reduce -2.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 16,834 $282K No change
CVX Chevron Corp. 0.01% 1,755 $267K New
SCCO Southern Copper Corp. 0.01% 1,802 $259K New
SNA Snap-on Inc. 0.01% 741 $255K Reduce -6.4%
MAIN Main Street Capital Corp. 0.01% 4,213 $254K New
CMI Cummins Inc. 0.01% 485 $248K Reduce -13.8%
KMI Kinder Morgan Inc. 0.01% 8,916 $245K Reduce -9.0%
FLO Flowers Foods Inc. 0.01% 21,792 $237K New
AMH American Homes 4 Rent- A 0.01% 7,359 $236K New
MS Morgan Stanley 0.01% 1,308 $232K Reduce -7.8%
ED Consolidated Edison Inc. 0.01% 2,233 $222K Reduce -5.2%
DTM DT Midstream Inc. 0.01% 1,740 $208K Reduce -10.3%
RL Ralph Lauren Corp. 0.01% 585 $207K Reduce -31.5%
NWBI Northwest Bancshares Inc. 0.01% 13,247 $159K Reduce -10.8%
SLDP Solid Power Inc. 0.00% 30,045 $128K New
MVST Microvast Holdings Inc. 0.00% 42,976 $120K New
TDOC Teladoc Health Inc. 0.00% 16,220 $114K Add +30.5%
PTON Peloton Interactive Inc. Class A 0.00% 13,054 $80K New
EVGO Evgo Inc. 0.00% 26,781 $78K New
LFST Lifestance Health Group Inc. 0.00% 10,147 $71K New

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

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