An analysis of the 13F filing by Krane Funds Advisors LLC revealed that the firm substantially increased its holdings in iQiyi, TAL Education Group, PDD Holdings Inc, Tencent Music, and its own flagship KraneShares CSI China Internet ETF (KWEB) in Q3. Meanwhile, it reduced positions in JinkoSolar and Zeekr.

Key changes in China-concept stock and ETF holdings are as follows:

| Name | Ticker | Position Change | |---------------------|--------|-----------------| | PDD Holdings Inc | PDD | +1.25M | | Kanzhun Ltd | BZ | +3.82M | | Tencent Music | TME | +3.86M | | Vipshop Holdings | VIPS | +3.43M | | Full Truck Alliance | YMM | +5.88M | | TAL Education Group | TAL | +4.68M | | iQiyi Inc | IQ | +5.80M | | KraneShares CSI China Internet ETF | KWEB | +151.30k | | Autohome Inc | ATHM | +678.21k | | JOYY Inc | JOYY | +295.81k | | Weibo Corporation | WB | +934.90k | | Tuya Inc | TUYA | +7.21k | | Legend Biotech | LEGN | +4.33k | | JinkoSolar Holding | JKS | -1.49k | | Zeekr Intelligent Technology | ZK | -6.11k |

Note: This analysis covers 137 disclosed investments with a total market value of $3.69 billion.