KraneShares CSI China Internet

KWEB • ARCA

KraneShares CSI China Internet is an exchange-traded fund on ARCA. As of Q3 2025, 328 institutional investors hold shares in this ETF, with total holdings valued at $5.3B. MORGAN STANLEY is the largest holder with a position valued at $373.6M.

Overview

Overview of institutional ownership in KWEB as of Q3 2025

All Institutions

Institutions: 328
Value Held: $5.3B
Shares Held: 125.7M
Avg Position: $16.1M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 38
Value Held: $703.8M
Shares Held: 16.8M
Avg Position: $18.5M
Median Position: $1.8M

Biggest Investors

Institutions with the largest positions in KWEB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$373.6M 0.02% of portfolio	8.9M shares	Q1 2014 Held for 11y 8m	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$343.0M 0.03% of portfolio	8.2M shares	Q4 2016 Held for 8y 11m	$1.33T
UBS Group AG Institution	Sergio P. Ermotti CEO	$325.9M 0.06% of portfolio	7.8M shares	Q2 2017 Held for 8y 5m	$511.54B
A Appaloosa LP Hedge Fund•Event Driven	David Alan Tepper President	$310.9M 4.35% of portfolio	7.4M shares	Q1 2024 Held for 1y 8m	$7.1B
B BESSEMER GROUP INC Institution	-	$299.6M 0.46% of portfolio	7.1M shares	Q1 2025 Held for 8 months	$64.4B
J JANE STREET GROUP, LLC Institution	-	$298.0M 0.35% of portfolio	7.1M shares	Q1 2016 Held for 9y 8m	$84.1B
R Rafferty Asset Management, LLC Institution	Douglas Michael Yones CEO	$170.3M 0.55% of portfolio	4.1M shares	Q4 2016 Held for 8y 11m	$30.8B
B BNP PARIBAS ARBITRAGE, SA Institution	-	$154.2M 0.12% of portfolio	3.7M shares	Q3 2018 Held for 7y 2m	$126.06B
M Migdal Insurance & Financial Holdings Ltd. Institution	-	$151.7M 1.93% of portfolio	3.6M shares	Q4 2015 Held for 9y 11m	$7.9B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$150.6M 0.02% of portfolio	3.6M shares	Q3 2018 Held for 7y 2m	$691.34B

Net Capital Flow

Institutional buying and selling activity for KWEB in Q3 2025

Traded: +$1.4B
Buyers: 196
Sellers: 119
Total Bought: +$1.9B
Total Sold: −$450.2M
Avg Position: $14.3M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$254.7M +6.1M shares	$343.0M 8.2M shares
J JANE STREET GROUP, LLC Institution	+$147.9M +3.5M shares	$298.0M 7.1M shares
A Appaloosa LP Hedge Fund•Event Driven	+$142.8M +3.4M shares	$310.9M 7.4M shares
BANK OF NOVA SCOTIA / Institution	+$95.5M +2.3M shares	$95.5M 2.3M shares
BARCLAYS PLC Institution	+$93.4M +2.2M shares	$116.1M 2.8M shares
Jain Global LLC Hedge Fund•Multi-Strategy	+$81.3M +1.9M shares	$81.3M 1.9M shares
B BlueCrest Capital Management Ltd Institution	+$80.6M +1.9M shares	$89.4M 2.1M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$77.8M +1.9M shares	$118.0M 2.8M shares
Q Quadrature Capital Ltd Institution	+$77.7M +1.8M shares	$99.9M 2.4M shares
MORGAN STANLEY RIA/Wealth	+$74.1M +1.8M shares	$373.6M 8.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
D D. E. Shaw & Co., Inc. Institution	−$64.4M −1.5M shares	$33.8M 803.5K shares
GOLDMAN SACHS GROUP INC Institution	−$54.8M −1.3M shares	$150.6M 3.6M shares
M MIRAE ASSET SECURITIES INC. Institution	−$27.5M −802.0K shares	Sold Off 0 shares
C Clal Insurance Enterprises Holdings Ltd Institution	−$27.3M −650.0K shares	$127.2M 3.0M shares
S SIMPLEX TRADING, LLC Institution	−$22.2M −645.9K shares	Sold Off 0 shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	−$20.7M −602.7K shares	Sold Off 0 shares
C Capitolis Liquid Global Markets LLC Private Equity	−$19.8M −577.9K shares	Sold Off 0 shares
Ursa Fund Management, LLC Hedge Fund•Event Driven	−$15.4M −450.0K shares	Sold Off 0 shares
BCJ Capital Management, LLC RIA/Wealth	−$15.3M −445.9K shares	Sold Off 0 shares
P PEAK6 LLC Institution	−$14.6M −425.5K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited KWEB in Q3 2025

New Positions: 34
New Value: $207.9M
Exited Positions: 41
Exited Value: $214.6M

New Positions

Institution	Position Value
Jain Global LLC Hedge Fund•Multi-Strategy	$81.3M 1.9M shares
R RIT CAPITAL PARTNERS PLC Institution	$52.9M 1.3M shares
C CAXTON ASSOCIATES LLP Institution	$36.7M 874.4K shares
A Amitell Capital Pte Ltd Institution	$5.3M 126.5K shares
T Truxt Investmentos Ltda. Institution	$4.9M 115.9K shares
Capital Wealth Planning, LLC RIA/Wealth	$4.7M 112.5K shares
Lake Hills Wealth Management, LLC RIA/Wealth	$4.5M 107.8K shares
D DME Capital Management, LP Hedge Fund•Long/Short	$3.6M 86.4K shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	$3.2M 75.0K shares
MONECO Advisors, LLC RIA/Wealth	$2.3M 55.0K shares

Exited Positions

Institution	Previous Position
M MIRAE ASSET SECURITIES INC. Institution	$27.5M 802.0K shares
S SIMPLEX TRADING, LLC Institution	$22.2M 645.9K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$20.7M 602.7K shares
C Capitolis Liquid Global Markets LLC Private Equity	$19.8M 577.9K shares
Ursa Fund Management, LLC Hedge Fund•Event Driven	$15.4M 450.0K shares
BCJ Capital Management, LLC RIA/Wealth	$15.3M 445.9K shares
P PEAK6 LLC Institution	$14.6M 425.5K shares
G GROUP ONE TRADING, L.P. Institution	$11.1M 324.5K shares
S SOROS FUND MANAGEMENT LLC Institution	$10.1M 293.4K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$9.9M 288.0K shares

Options Activity

Institutions with the largest Call and Put options positions in KWEB as of Q3 2025

Call Positions: 55
Call Value: $5.0B
Put Positions: 47
Put Value: $4.3B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$883.3M 210.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$807.2M 192.1K contracts
J JANE STREET GROUP, LLC Institution	$543.9M 129.5K contracts
BANK OF AMERICA CORP /DE/ Institution	$426.5M 101.5K contracts
UBS Group AG Institution	$318.2M 75.7K contracts
S Symmetry Investments LP Institution	$231.1M 55.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$212.9M 50.7K contracts
CITIGROUP INC Institution	$191.3M 45.5K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$167.1M 39.8K contracts
P PEAK6 LLC Institution	$166.3M 39.6K contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$707.6M 168.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$663.4M 157.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$577.7M 137.5K contracts
BANK OF AMERICA CORP /DE/ Institution	$500.8M 119.2K contracts
N NOMURA HOLDINGS INC Institution	$260.3M 62.0K contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$180.9M 43.1K contracts
UBS Group AG Institution	$180.5M 43.0K contracts
A Allianz Asset Management AG Institution	$168.0M 40.0K contracts
Jain Global LLC Hedge Fund•Multi-Strategy	$133.2M 31.7K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$102.4M 24.4K contracts

Most Committed Institutions

Institutions with KWEB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Breakout Capital Partners, LP Hedge Fund•Sector	Ruchir Sharma CIO	20.86% $28.2M	670.8K shares	Q3 2024 Held for 1y 2m	$135.1M
U University of Illinois Foundation Institution	-	15.21% $43.1M	1.0M shares	Q1 2024 Held for 1y 8m	$283.2M
Trium Capital LLP Hedge Fund•Multi-Strategy	Shenan Nmn Dhanani CEO	11.99% $30.6M	727.8K shares	Q2 2023 Held for 2y 5m	$254.9M
A Aurora Investment Managers, LLC. RIA/Wealth	Shakeel [Nmn] Dewji Managing Partner	11.84% $18.5M	440.0K shares	Q2 2025 Held for 5 months	$156.2M
K Kapitalo Investimentos Ltda Institution	-	10.50% $56.0M	1.3M shares	Q3 2023 Held for 2y 2m	$533.2M
Rye Brook Capital LLC Hedge Fund•Long/Short	Carlos Gustavo Ribeiro Fernandes Managing Partner	7.98% $7.2M	171.2K shares	Q2 2024 Held for 1y 5m	$90.1M
R RIT CAPITAL PARTNERS PLC Institution	-	7.76% $52.9M	1.3M shares	Q3 2025 Held for 2 months	$682.2M
B BlueCrest Capital Management Ltd Institution	-	6.96% $89.4M	2.1M shares	Q3 2023 Held for 2y 2m	$1.3B
Glenorchy Capital Ltd Hedge Fund•Global Macro	Bradley Thomas Mcfadden CIO	6.74% $9.3M	221.1K shares	Q4 2024 Held for 11 months	$137.8M
H HELIOS CAPITAL MANAGEMENT PTE. LTD Institution	-	6.43% $9.4M	223.0K shares	Q4 2023 Held for 1y 11m	$145.6M

Hedge Fund Spotlight

Discover hedge funds investing in KWEB

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in KraneShares CSI China Internet

Market Value: $9.1M
Shares Held: 216.0K
Portfolio Weight: 0.01%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%