KRANESHARES TRUST

Ticker: KCAI CUSIP: 500767397 Class: CHINA ALPHA INDE

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (1)

SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $887 (+9.9%) Shares 29,091 (+35.5%)

Decreased Positions (1)

JANE STREET GROUP, LLC
Value ($000) $747 (-25.1%) Shares 24,511 (-7.6%)