13-F holdings, Q3 2026
Krane Funds Advisors LLC
A 13-F is the report large US investment managers file with the SEC each quarter, listing the stocks they held at quarter end.
- Reported value
- $2.8B
- Positions
- 191
- Filed
- Data as of
These holdings are as of , 46 days ago.
13-Fs for Q4 2026 are due by .
See this manager's Holder IQ and how the book overlaps yours
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Top holdings
- PDD$421.7M5,411,069 shares15.2% of the book
- KCSH$158M6,321,400 shares5.7% of the book
- YMM$153.4M18,545,250 shares5.5% of the book
- SPY$127.5M167,200 shares4.6% of the book
- BZ$126.9M8,576,104 shares4.6% of the book
- TAL$123.5M10,235,369 shares4.5% of the book
- TME$108.4M13,674,270 shares3.9% of the book
- KWEB$100.4M4,097,500 shares3.6% of the book
- VIPS$78.3M6,257,084 shares2.8% of the book
- NVDA$55.8M244,223 shares2% of the book
What changed this quarter
32 new positions and 25 sold out, against Q2 2026. Added and trimmed positions use the change in split-adjusted shares at the Q3 2026 implied price; full exits use their Q2 2026 reported value, not sale proceeds.
Largest buys
- VNET
VNET GROUP INC
+$34.9M
+6,241.1% shares
Your stake and evidence for VNET
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares increased between Q2 2026 and Q3 2026.
Displayed change: +$34.9M. The current book reports 6,382,106 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
6,382,106 current shares − 100,646 prior shares on the same basis = +6,281,460 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: 34862102.70473101 USD. Current reported shares: 6382106. Prior shares on current basis: 100646.
- SPY
STATE STR SPDR S&P 500 ETF T
+$24.5M
+23.8% shares
Your stake and evidence for SPY
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares increased between Q2 2026 and Q3 2026.
Displayed change: +$24.5M. The current book reports 167,200 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
167,200 current shares − 135,100 prior shares on the same basis = +32,100 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: 24480423 USD. Current reported shares: 167200. Prior shares on current basis: 135100.
- META
META PLATFORMS INC
+$21.8M
+66.1% shares
Your stake and evidence for META
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares increased between Q2 2026 and Q3 2026.
Displayed change: +$21.8M. The current book reports 75,604 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
75,604 current shares − 45,508 prior shares on the same basis = +30,096 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: 21825017.39146077 USD. Current reported shares: 75604. Prior shares on current basis: 45508.
- LITE
LUMENTUM HLDGS INC
+$15.8M
New
Your stake and evidence for LITE
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
A position newly appears in the Q3 2026 book.
Displayed change: +$15.8M. The current book reports 16,262 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
A new position uses its current quarter's reported dollar value; this is not the amount spent buying it.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: 15794630 USD. Current reported shares: 16262. Prior shares on current basis: not recorded.
- GOOGL
ALPHABET INC
+$15.6M
+57.9% shares
Your stake and evidence for GOOGL
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares increased between Q2 2026 and Q3 2026.
Displayed change: +$15.6M. The current book reports 123,280 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
123,280 current shares − 78,073 prior shares on the same basis = +45,207 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: 15554824.413319273 USD. Current reported shares: 123280. Prior shares on current basis: 78073.
Largest sells
- TAL
TAL ED GROUP
−$85.5M
-40.9% shares
Your stake and evidence for TAL
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares decreased between Q2 2026 and Q3 2026.
Displayed change: −$85.5M. The current book reports 10,235,369 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
10,235,369 current shares − 17,323,005 prior shares on the same basis = -7,087,636 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: -85547766.63771906 USD. Current reported shares: 10235369. Prior shares on current basis: 17323005.
- YMM
FULL TRUCK ALLIANCE CO LTD
−$81.1M
-34.6% shares
Your stake and evidence for YMM
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares decreased between Q2 2026 and Q3 2026.
Displayed change: −$81.1M. The current book reports 18,545,250 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
18,545,250 current shares − 28,352,796 prior shares on the same basis = -9,807,546 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: -81108405.68442205 USD. Current reported shares: 18545250. Prior shares on current basis: 28352796.
- BZ
KANZHUN LIMITED
−$77.5M
-37.9% shares
Your stake and evidence for BZ
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares decreased between Q2 2026 and Q3 2026.
Displayed change: −$77.5M. The current book reports 8,576,104 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
8,576,104 current shares − 13,815,013 prior shares on the same basis = -5,238,909 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: -77535853.07782543 USD. Current reported shares: 8576104. Prior shares on current basis: 13815013.
- TME
TENCENT MUSIC ENTMT GROUP
−$70.3M
-39.3% shares
Your stake and evidence for TME
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares decreased between Q2 2026 and Q3 2026.
Displayed change: −$70.3M. The current book reports 13,674,270 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
13,674,270 current shares − 22,543,908 prior shares on the same basis = -8,869,638 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: -70336229.27513629 USD. Current reported shares: 13674270. Prior shares on current basis: 22543908.
- VIPS
VIPSHOP HLDGS LTD
−$50.8M
-39.4% shares
Your stake and evidence for VIPS
What it means for you
This public view does not read your holdings or watchlist; open the member view to check your stake.
Use this to decide what to research, rather than as an instruction to copy a trade.
What happened
Reported shares decreased between Q2 2026 and Q3 2026.
Displayed change: −$50.8M. The current book reports 6,257,084 shares.
Why it can matter
A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.
How we got this
For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.
6,257,084 current shares − 10,317,325 prior shares on the same basis = -4,060,241 shares.
Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.
Where the data comes from
SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.
Current source filed .
Technical details
Reported dollar change: -50793615.01382449 USD. Current reported shares: 6257084. Prior shares on current basis: 10317325.
What was sold out, by size
- 5 real positions, 0.25% of the book or more
- 11 small, between 0.015% and 0.25%
- 9 slivers under 0.015%, often rounding or client flows
Not counted as trades: CRWD (share-count change), OKE (new CUSIP).
All of this comes from the filer's public SEC filings. A 13-F shows long positions in US-listed securities at quarter end and can leave out short positions, cash and non-US holdings, so it is not the whole portfolio. This is filing data, not investment advice.