Krane Funds Advisors, Llc
- Regulatory AUM
- $11.6B
- Discretionary
- $11.6B
- Clients
- 52
- Avg AUM / client
- $223M
- Accounts
- 52
- Employees
- 50
AUM over time
Annual snapshots from Form ADV filings · as of Jul 24, 2026
Investments (13F portfolio — 173 positions, $2,435,338,005)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Pdd Holdings Inc | SPONSORED ADS | $581,631,499 | 5,733,184 | 23.9% | 5.03% |
| 2 | Full Truck Alliance Co Ltd | SPONSORED ADS | $236,243,680 | 28,600,929 | 9.7% | 2.04% |
| 3 | Tal Ed Group | SPONSORED ADS | $214,273,406 | 18,979,044 | 8.8% | 1.85% |
| 4 | Kanzhun Limited | SPONSORED ADS | $192,783,536 | 14,227,567 | 7.92% | 1.67% |
| 5 | Kraneshares Trust | SUSTAINABLE ULTR | $171,409,909 | 6,841,400 | 7.04% | 1.48% |
| 6 | Vipshop Hldgs Ltd | SPONSORED ADS A | $170,661,229 | 11,423,108 | 7.01% | 1.47% |
| 7 | Tencent Music Entmt Group | SPON ADS | $161,583,302 | 17,884,151 | 6.63% | 1.4% |
| 8 | Kraneshares Trust | CSI CHI INTERNET | $116,971,335 | 4,161,200 | 4.8% | 1.01% |
| 9 | State Str Spdr S&P 500 Etf T | TR UNIT | $79,507,901 | 121,000 | 3.26% | 0.69% |
| 10 | Joyy Inc | ADS REPSTG COM A | $69,434,478 | 1,175,859 | 2.85% | 0.6% |
| 11 | Qfin Holdings Inc | AMERICAN DEP | $66,429,797 | 5,072,913 | 2.73% | 0.57% |
| 12 | Autohome Inc | SP ADS RP CL A | $48,121,423 | 2,765,600 | 1.98% | 0.42% |
| 13 | Weibo Corp | SPONSORED ADR | $33,618,214 | 3,820,295 | 1.38% | 0.29% |
| 14 | Nvidia Corporation | COM | $14,874,526 | 84,082 | 0.61% | 0.13% |
| 15 | Tesla Inc | COM | $11,432,538 | 32,818 | 0.47% | 0.1% |
| 16 | Microsoft Corp | COM | $9,077,224 | 24,410 | 0.37% | 0.08% |
| 17 | Amazon Com Inc | COM | $6,928,422 | 32,726 | 0.28% | 0.06% |
| 18 | Broadcom Inc | COM | $6,583,791 | 21,085 | 0.27% | 0.06% |
| 19 | Meta Platforms Inc | CL A | $6,431,434 | 11,153 | 0.26% | 0.06% |
| 20 | Apple Inc | COM | $6,170,611 | 23,857 | 0.25% | 0.05% |
| 21 | Alphabet Inc | CAP STK CL A | $6,111,969 | 20,440 | 0.25% | 0.05% |
| 22 | Mp Materials Corp | COM CL A | $4,720,336 | 93,472 | 0.19% | 0.04% |
| 23 | Advanced Micro Devices Inc | COM | $4,588,633 | 20,924 | 0.19% | 0.04% |
| 24 | Te Connectivity Plc | ORD SHS | $4,531,258 | 21,690 | 0.19% | 0.04% |
| 25 | Servicenow Inc | COM | $4,410,452 | 43,054 | 0.18% | 0.04% |
Top 25 of 173 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 36 | $10.3B | 88.9% |
| Pooled investment vehicles (non-investment companies) | 6 | $1.3B | 11.1% |
| Other | 10 | $151K | 0.0% |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Krane, Jonathan, Adam | Chief Executive Officer And Managing Member | Mar 2011 (15y) | ≈ 6.25% – 25% via Kfa One Holdings, Llc | |
| Shelon, Jonathan, Allen | Chief Operating Officer | Aug 2017 (9y) | Less than 5% | |
| Gafner, Odette, Rajwan | Chief Compliance Officer / Head Of Compliance | Mar 2019 (7y) | Less than 5% | |
| Lo, Kinfai | Chief Financial Officer | Sep 2019 (7y) | Less than 5% | |
| Adelman, David, Isaac | Managing Director And General Counsel | Mar 2021 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| China International Capital Corporation (Usa) Holdings, Inc. | Owner | Sep 2017 | A | 50% – 75% |
| Kfa One Holdings, Llc | Owner | Sep 2017 | A | 25% – 50% |
| China International Capital Corporation (International) Limited | Owner | Feb 2011 | B | ≈ 37.5% – 75% via China International Capital Corporation (Usa) Holdings, Inc. |
| China International Capital Corporation Limited | Owner | Aug 2005 | B | ≈ 28.13% – 75% via China International Capital Corporation (International) Limited |
| China Investment Corporation | Owner | Jan 2008 | B | ≈ 5.27% – 37.5% via Central Huijin Investment Limited |
| Central Huijin Investment Limited | Shareholder | Aug 2010 | B | ≈ 7.03% – 37.5% via China International Capital Corporation Limited |
| Hkscc Nominees Limited | 39.42% Ownership Collectively Owned By Public Shareholders | Feb 2022 | B | ≈ 7.03% – 37.5% via China International Capital Corporation Limited |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Krane, Jonathan, Adam: 25% – 50% of Kfa One Holdings, Llc × 25% – 50% direct ≈ 6.25% – 25% of the firm
- China International Capital Corporation (International) Limited: 75% – 100% of China International Capital Corporation (Usa) Holdings, Inc. × 50% – 75% direct ≈ 37.5% – 75% of the firm
- China International Capital Corporation Limited: 75% – 100% of China International Capital Corporation (International) Limited × 75% – 100% of China International Capital Corporation (Usa) Holdings, Inc. × 50% – 75% direct ≈ 28.13% – 75% of the firm
- China Investment Corporation: 75% – 100% of Central Huijin Investment Limited × 25% – 50% of China International Capital Corporation Limited × 75% – 100% of China International Capital Corporation (International) Limited × 75% – 100% of China International Capital Corporation (Usa) Holdings, Inc. × 50% – 75% direct ≈ 5.27% – 37.5% of the firm
- Central Huijin Investment Limited: 25% – 50% of China International Capital Corporation Limited × 75% – 100% of China International Capital Corporation (International) Limited × 75% – 100% of China International Capital Corporation (Usa) Holdings, Inc. × 50% – 75% direct ≈ 7.03% – 37.5% of the firm
- Hkscc Nominees Limited: 25% – 50% of China International Capital Corporation Limited × 75% – 100% of China International Capital Corporation (International) Limited × 75% – 100% of China International Capital Corporation (Usa) Holdings, Inc. × 50% – 75% direct ≈ 7.03% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.17 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: KFA WAS FINED KRW 45 MILLION (APPROXIMATELY $33,000 USD) IN NOVEMBER 2022 BY THE KOREAN FINANCIAL SUPERVISORY SERVICE (FSS) FOR A TECHNICAL VIOLATION OF KOREAN SHORT SALES REGULATIONS. THE CLIENT ACCOUNT HAD RECEIVED DIVIDEND SHARES WITH RECORD DATE OF 12/31/2020. THE DIVIDEND SHARES REMAINED UNSETTLED UNTIL APRIL 15, 2021. THE DIVIDEND SHARES WERE SOLD ON MARCH 9, 2021 AS PART OF A LARGER UNDERLYING INDEX REBALANCE. KFA BOUGHT SHARES BACK ON MARCH 11, 2021 TO MAKE UP FOR UNSETTLED DIVIDEND SHARES. Status: Final Sanction Detail: FINE REDUCED TO KRW 36 MILLION (APPROXIMATELY $27,000) AND PAID BY KRANE FUNDS ADVISORS, LLC ON NOVEMBER 9, 2022. Summary: KFA WAS FINED KRW 45 MILLION (APPROXIMATELY $33,000 USD) IN NOVEMBER 2022 BY THE KOREAN FINANCIAL SUPERVISORY SERVICE (FSS) FOR A TECHNICAL VIOLATION OF KOREAN SHORT SALES REGULATIONS. THE CLIENT ACCOUNT HAD RECEIVED DIVIDEND SHARES WITH RECORD DATE OF 12/31/2020. THE DIVIDEND SHARES REMAINED UNSETTLED UNTIL APRIL 15, 2021. THE DIVIDEND SHARES WERE SOLD ON MARCH 9, 2021 AS PART OF A LARGER UNDERLYING INDEX REBALANCE. KFA BOUGHT SHARES BACK ON MARCH 11, 2021 TO MAKE UP FOR UNSETTLED DIVIDEND SHARES. FINE WAS PAID BY KFA ON NOVEMBER 9, 2022.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $151K (0% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 24, 2026.
View current Form ADV (SEC/IAPD) ↗