Institutional Manager · CIK 0001536592
Krane Funds Advisors LLC
NEW YORK, NY · File #028-18773
Latest AUM
$3.08B
Positions
159
Top-10 Concentration
90.7%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | VIPSHOP HLDGS LTD | VIPS | -4,391,945 | -$77.7M | -$16.4M |
| REDUCE | KANZHUN LIMITED | BZ | -3,230,746 | -$65.8M | -$20.2M |
| EXITED | IQIYI INC | 46267X108 | -27,539,381 | -$55.8M | $0 |
| ADD | FULL TRUCK ALLIANCE CO LTD | YMM | +3,935,263 | +$42.2M | -$49.9M |
| ADD | PDD HOLDINGS INC | PDD | +258,888 | +$29.4M | -$96.3M |
| ADD | KRANESHARES TRUST | 500767306 | +631,799 | +$21.5M | -$16.9M |
| REDUCE | TAL EDUCATION GROUP | TAL | -1,841,315 | -$20.1M | -$1.7M |
| ADD | TENCENT MUSIC ENTMT GROUP | XHLD | +1,026,551 | +$18.0M | -$88.2M |
| ADD | SPDR S&P 500 ETF TR | SPY | +25,000 | +$17.0M | +$1.1M |
| REDUCE | QFIN HOLDINGS INC | QFNHF | -674,901 | -$13.0M | -$37.8M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025159 pos · $3.08B
- 13F HOLDINGS REPORTQ/E Sep 2025137 pos · $3.52B
- 13F HOLDINGS REPORTQ/E Jun 2025138 pos · $2.54B
- 13F HOLDINGS REPORTQ/E Mar 2025119 pos · $3.48B
- 13F HOLDINGS REPORTQ/E Dec 2024113 pos · $2.44B
- 13F HOLDINGS REPORT (Amended)Q/E Sep 202496 pos · $2.78B
- 13F HOLDINGS REPORTQ/E Sep 202496 pos · $2.78B
- 13F HOLDINGS REPORTQ/E Jun 202492 pos · $2.37B
- 13F HOLDINGS REPORTQ/E Mar 202490 pos · $2.43B
- 13F HOLDINGS REPORTQ/E Dec 2023104 pos · $2.4M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | PDD | 6,397,960 | $725.5M | 24.18% |
| 2 | TENCENT MUSIC ENTMT GROUP | XHLD | 20,047,192 | $351.4M | 11.71% |
| 3 | FULL TRUCK ALLIANCE CO LTD | YMM | 32,100,736 | $344.4M | 11.48% |
| 4 | KANZHUN LIMITED | BZ | 16,060,290 | $327.3M | 10.91% |
| 5 | TAL EDUCATION GROUP | TAL | 21,231,472 | $231.6M | 7.72% |
| 6 | VIPSHOP HLDGS LTD | VIPS | 12,793,590 | $226.3M | 7.54% |
| 7 | KRANESHARES TRUST | 500767355 | 7,553,700 | $189.3M | 6.31% |
| 8 | KRANESHARES TRUST | 500767306 | 3,856,700 | $131.3M | 4.38% |
| 9 | QFIN HOLDINGS INC | QFNHF | 5,669,691 | $109.3M | 3.64% |
| 10 | JOYY INC | JOYY | 1,320,319 | $85.5M | 2.85% |
| 11 | AUTOHOME INC | ATHM | 3,095,012 | $68.9M | 2.30% |
| 12 | SPDR S&P 500 ETF TR | SPY | 80,400 | $54.8M | 1.83% |
| 13 | WEIBO CORP | WEIBF | 4,274,081 | $43.7M | 1.46% |
| 14 | TESLA INC | TSLA | 22,344 | $10.0M | 0.33% |
| 15 | NVIDIA CORPORATION | NVDA | 39,268 | $7.3M | 0.24% |
| 16 | MICROSOFT CORP | MSFT | 13,490 | $6.5M | 0.22% |
| 17 | META PLATFORMS INC | META | 8,354 | $5.5M | 0.18% |
| 18 | AMAZON COM INC | AMZN | 19,003 | $4.4M | 0.15% |
| 19 | ALPHABET INC | GOOG | 12,262 | $3.8M | 0.13% |
| 20 | SERVICENOW INC | NOW | 24,233 | $3.7M | 0.12% |