Landsman’s 2025 disclosure shows holdings in CCP-linked internet ETF after ethics push and late filings

U.S. Rep. Greg Landsman, D-Ohio, reported that he and his wife held between $30,001 and $100,000 in the KraneShares CSI China Internet ETF in their 2025 personal financial disclosure, a fund whose largest positions include Chinese companies that the Defense Department has designated as Chinese military companies.

The annual report for calendar year 2025 lists the ETF — ticker KWEB — in the $15,001-$50,000 range in a joint account managed through Rockefeller Capital Management. It is also listed in the same range in his wife Sarah Landsman’s traditional IRA.

Combined, the reported value falls between $30,001 and $100,000.

KWEB tracks Chinese internet companies. Its top holdings routinely include Tencent Holdings — roughly 10% of the fund — Alibaba Group at roughly 9%, and Baidu — typically in or near the top 10.

The Defense Department, which added Tencent to its Section 1260H list in January 2025, designated it a “Chinese Military Company” because it is “directly or indirectly owned” by the Chinese Communist Party.

In June, it added Alibaba and Baidu to the list, citing affiliations with Chinese state entities and contributions to military-civil fusion efforts.

The revelation follows previous reporting that Landsman failed to disclose up to $1.5 million in stock trades for nearly three years.

The newest disclosures, however, cover the same period in which Landsman publicly emphasized compliance with ethics measures aimed at limiting congressional stock trading.

According to Quiver Quantitative, Landsman, who was elected to Congress in 2022, tripled his net worth from 2022 to 2025. In May 2025, Landsman’s office issued a press release saying he and his wife had sold their individual stocks and reinvested in mutual funds and exchange-traded funds so their portfolio was “fully compliant” with the proposed TRUST in Congress Act before it became law.

Landsman, who said on May 13, 2025, that he didn’t “want a single constituent to think that I’m doing anything in DC but thinking about them,” said that getting members out of the stock-trading business was “a big part of the solution.”

That very same day, however, records verified by Ohio.News show that Landsman filed a periodic transaction report that included a May 6, 2024, exchange of Pioneer Natural Resources shares for Exxon Mobil shares in his wife’s IRA — nearly a full year late.

The STOCK Act requires members and their spouses to report transactions exceeding $1,000 within 45 days. While Landsman certified that all required transactions were disclosed in that filing, previous reporting documented other late-disclosure issues involving his financial transactions.

In August 2024, Landsman filed a periodic transaction report covering more than 87 transactions and over $1.4 million in trades from 2023 through 2024 that had not been reported within the required window.

At the time, Landsman’s office said he reported the trades as soon as he learned of them. Multiple outlets, including the Cincinnati Enquirer, however, noted the volume of late filings and the relatively modest $200 fine available under the law.

Despite his late May 2025 filing and questions about his holdings in KWEB after the Pentagon designated several companies in the fund, Landsman campaigns as a champion of transparency and repeatedly frames stock trading by members of Congress as a problem.