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Joint Stock Co Kaspi.kz

KSPI
Exchange
Nasdaq
Industry
Services-Business Services, NEC
SEC CIK
0001985487

No open-market purchases or sales by Joint Stock Co Kaspi.kz insiders were filed in the last 90 days; 205 institutions reported holding it in 13F filings for Q2 2026, worth $7.25B in total; 4 superinvestors hold it, including Southeastern Asset Management (Longleaf) and Fairfax Financial.

13F holders, Q2 2026

Institutional positions in Joint Stock Co Kaspi.kz as of Jun 30, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
205
+39 vs. Q1 2026
Shares held
83.7M
−652.7K (−0.8%) vs. Q1 2026
Total value
$7.25B
+$1.00B (+16.1%) vs. Q1 2026
New holders
54
66 more added
Sold out
15
60 more reduced

1 institution that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2026: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting KSPI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2026: 205 institutions
Q1 2021: 2 institutionsQ2 2021: 2 institutionsQ3 2021: 2 institutionsQ4 2021: 2 institutionsQ1 2022: 2 institutionsQ2 2022: 2 institutionsQ3 2022: 2 institutionsQ4 2022: 2 institutionsQ1 2023: 2 institutionsQ2 2023: 2 institutionsQ3 2023: 1 institutionQ4 2023: 1 institutionQ1 2024: 126 institutionsQ2 2024: 154 institutionsQ3 2024: 170 institutionsQ4 2024: 175 institutionsQ1 2025: 192 institutionsQ2 2025: 162 institutionsQ3 2025: 185 institutionsQ4 2025: 175 institutionsQ1 2026: 167 institutionsQ2 2026: 205 institutions
Value heldQ2 2026: $7.25B
Q1 2021: $16.0MQ2 2021: $37.1MQ3 2021: $34.3MQ4 2021: $40.5MQ1 2022: $17.0MQ2 2022: $16.5MQ3 2022: $22.4MQ4 2022: $19.0MQ1 2023: $31.3MQ2 2023: $33.9MQ3 2023: $16.9MQ4 2023: $15.8MQ1 2024: $5.13BQ2 2024: $5.60BQ3 2024: $4.58BQ4 2024: $8.47BQ1 2025: $8.26BQ2 2025: $6.38BQ3 2025: $6.10BQ4 2025: $6.69BQ1 2026: $6.28BQ2 2026: $7.25B
Institutions holding KSPI and their total value by quarter
QuarterHoldersValue
Q2 2026205$7.25B
Q1 2026167$6.28B
Q4 2025175$6.69B
Q3 2025185$6.10B
Q2 2025162$6.38B
Q1 2025192$8.26B
Q4 2024175$8.47B
Q3 2024170$4.58B
Q2 2024154$5.60B
Q1 2024126$5.13B
Q4 20231$15.8M
Q3 20231$16.9M
Q2 20232$33.9M
Q1 20232$31.3M
Q4 20222$19.0M
Q3 20222$22.4M
Q2 20222$16.5M
Q1 20222$17.0M
Q4 20212$40.5M
Q3 20212$34.3M
Q2 20212$37.1M
Q1 20212$16.0M

Institutions, Q2 2026

Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q1 2026.

Institutions holding KSPI in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Baring Fintech Manager Holding Ltd16,737,053$1.45B100.00%−1,314,798−7.3%Reduced
Brehaut David Pascal12,257,305$1.06B100.00%00.0%Unchanged
Baring Fintech Fund III Managers Ltd7,106,927$615.7M100.00%−4,955,070−41.1%Reduced
Baillie Gifford & Co5,779,168$500.7M0.45%+655,961+12.8%Added
FIL Ltd3,635,858$315.0M0.23%+309,616+9.3%Added
Pzena Investment Management LLC3,071,888$266.1M0.78%+399,501+14.9%Added
Spice Expeditions, LP2,584,454$223.9M100.00%+2,584,454New
Schroder Investment Management Group2,319,420$201.0M0.14%+753,135+48.1%Added
FMR LLC1,983,010$171.8M0.01%+371,088+23.0%Added
Sands Capital Management, LLC1,531,017$132.6M0.49%−55,317−3.5%Reduced
Samlyn Capital, LLC1,498,332$129.8M2.15%+431,337+40.4%Added
Capital World Investors1,143,698$99.1M0.01%+115,124+11.2%Added
Ameriprise Financial Inc1,116,967$96.8M0.02%+1,031+0.1%Added
BlackRock, Inc.1,085,784$94.1M0.00%+46,210+4.4%Added
VR Advisory Services Ltd1,049,999$91.0M8.07%−27,370−2.5%Reduced
North of South Capital LLP987,390$85.5M6.30%+417,709+73.3%Added
Brandes Investment Partners, LP833,669$72.2M0.51%+89,570+12.0%Added
Coronation Fund Managers Ltd.814,783$70.6M2.70%−50,967−5.9%Reduced
Wellington Management Group LLP759,803$65.8M0.01%+113,975+17.6%Added
Polar Capital Holdings Plc673,258$58.3M0.17%+4,919+0.7%Added
Greenvale Capital LLP665,590$57.7M6.34%+15,590+2.4%Added
WCM Investment Management, LLC656,410$57.4M0.10%+84,998+14.9%Added
Ranmore Fund Management Ltd620,000$53.7M5.95%00.0%Unchanged
Southpoint Capital Advisors LP600,000$52.0M1.18%−400,000−40.0%Reduced
Kingsway Capital Partners Ltd596,134$51.6M7.02%+596,134New
Morgan Stanley574,981$49.8M0.00%−15,506−2.6%Reduced
Bank of America Corp537,030$46.5M0.00%+12,662+2.4%Added
Goldman Sachs Group Inc505,895$43.8M0.00%−111,844−18.1%Reduced
Marex Group plc502,940$43.6M0.32%−45,354−8.3%Reduced
Standard Life Aberdeen plc488,937$42.4M0.06%−94,010−16.1%Reduced
Artisan Partners Limited Partnership471,473$40.8M0.07%+85,378+22.1%Added
683 Capital Management, LLC470,000$40.7M3.74%−5,000−1.1%Reduced
First Beijing Investment Ltd424,613$36.8M1.51%−9,737−2.2%Reduced
Mondrian Investment Partners LTD396,336$34.3M0.53%−36,353−8.4%Reduced
Gemsstock Limited394,491$34.2M11.12%−114,656−22.5%Reduced
UBS Group AG390,820$33.9M0.01%−84,642−17.8%Reduced
Fiera Capital Corp337,257$29.2M0.11%+119,918+55.2%Added
JPMorgan Chase & Co328,798$28.7M0.00%+19,677+6.4%Added
HSBC Holdings PLC311,548$26.9M0.01%+11,912+4.0%Added
Legal & General Group Plc267,800$23.2M0.00%+18,848+7.6%Added
Dodge & Cox252,826$21.9M0.01%+42,600+20.3%Added
Kora Management LP241,500$20.9M2.48%00.0%Unchanged
Cullen Capital Management LLC234,294$20.3M0.20%+234,294New
Russell Investments Group, Ltd.232,340$20.1M0.02%+19,911+9.4%Added
Ninety One UK Ltd228,559$19.8M0.04%+12,981+6.0%Added
Carmignac Gestion226,666$19.6M0.26%+2,138+1.0%Added
Untitled Investments LP216,021$18.7M7.28%−177,749−45.1%Reduced
Southeastern Asset Management IncSuperinvestorSoutheastern Asset Management (Longleaf)212,999$18.5M0.96%−27,629−11.5%Reduced
State of New Jersey Common Pension Fund D205,607$17.8M0.06%+8,460+4.3%Added
Franklin Resources Inc194,774$16.9M0.00%00.0%Unchanged
SEI Investments Co179,746$15.6M0.01%−21,577−10.7%Reduced
Weiss Asset Management LP171,026$14.8M0.17%+58,224+51.6%Added
Geode Capital Management, LLC167,319$14.5M0.00%−2,262−1.3%Reduced
Generali Investments CEE, investicni spolecnost, a.s.166,563$14.4M0.68%−21,005−11.2%Reduced
Cape Ann Asset Management Ltd163,880$14.2M3.27%−11,632−6.6%Reduced
Pictet Asset Management Holding SA156,879$13.6M0.01%+112,536+253.8%Added
Sumitomo Mitsui Trust Holdings, Inc.153,066$13.3M0.01%−8,250−5.1%Reduced
Nikko Asset Management Americas, Inc.153,066$13.3M0.17%−8,250−5.1%Reduced
Crawford Fund Management, LLC138,429$12.0M3.68%+3,000+2.2%Added
Itau Unibanco Holding S.A.138,217$12.0M0.24%+37,057+36.6%Added
Armor Advisors, L.L.C.137,171$11.9M9.71%−3,909−2.8%Reduced
Fairtree Asset Management (Pty) Ltd130,272$11.3M4.33%−4,403−3.3%Reduced
Capricorn Fund Managers Ltd118,900$10.3M0.82%00.0%Unchanged
Lifetime Wealth Management P.C.117,826$10.2M5.96%+497+0.4%Added
Truffle Hound Capital, LLC110,000$9.53M6.01%00.0%Unchanged
Harding Loevner LP109,630$9.50M0.09%−9,317−7.8%Reduced
Kayne Anderson Rudnick Investment Management LLC107,411$9.31M0.03%−49,906−31.7%Reduced
Fairfax Financial Holdings LtdSuperinvestorFairfax Financial106,000$9.18M0.35%+106,000New
Point72 Asset Management, L.P.99,918$8.66M0.01%+92,142+1,185.0%Added
Susquehanna International Group, LLP94,524$8.19M0.01%−221,729−70.1%Reduced
Barings LLC88,751$7.69M0.14%00.0%Unchanged
Public Employees Retirement System of Ohio85,124$7.38M0.02%+4,485+5.6%Added
Van Eck Associates Corp84,122$7.29M0.00%−3,969−4.5%Reduced
ABS Investment Management LLC50,458$6.64M4.17%+50,458New
Flax Pond Capital, LLC82,608$6.63M2.45%+41,784+102.4%Added
Euro Pacific Asset Management, LLC108,521$6.43M0.73%+76,841+242.6%Added
Price T Rowe Associates Inc68,314$5.92M0.00%−434−0.6%Reduced
Toroso Investments, LLC67,548$5.85M0.01%+47,409+235.4%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys67,459$5.84M0.03%−17,512−20.6%Reduced
Militia Capital Management LLC65,000$5.63M1.02%−25,900−28.5%Reduced
Citadel Advisors LLC63,459$5.50M0.00%+63,459New
Wexford Capital LP61,341$5.31M0.73%−2,525−4.0%Reduced
Exchange Traded Concepts, LLC57,557$4.99M0.02%−9,326−13.9%Reduced
BNP Paribas Arbitrage, SA56,959$4.93M0.00%00.0%Unchanged
Hyperion Capital Advisors LP55,810$4.84M2.18%00.0%Unchanged
Renaissance Capital LLC54,261$4.70M2.59%+11,642+27.3%Added
Wells Fargo & Company53,507$4.64M0.00%+53,248+20,559.1%Added
Analyst IMS Investment Management Services Ltd.52,705$4.57M0.11%+52,705New
Amundi50,032$4.33M0.00%−250−0.5%Reduced
Brilliance Asset Management Ltd46,855$4.06M1.20%+46,855New
Deutsche Bank AG41,758$3.62M0.00%−113,929−73.2%Reduced
ARK Investment Management LLCSuperinvestorARK Invest41,525$3.60M0.02%−21,107−33.7%Reduced
Nomura Asset Management International Inc.41,275$3.58M0.01%00.0%Unchanged
Eschler Asset Management LLP37,983$3.29M5.89%+6,510+20.7%Added
Evergreen Wealth Management, LLC35,120$3.04M1.43%−15,953−31.2%Reduced
Meitav Dash Investments Ltd33,500$2.90M0.02%+16,100+92.5%Added
Dumac, Inc.31,510$2.73M0.25%00.0%Unchanged
Eurizon Capital SGR S.p.A.31,302$2.71M0.01%+1,986+6.8%Added
BIT Capital GmbH30,112$2.61M0.09%−126,736−80.8%Reduced
Robeco Institutional Asset Management B.V.30,000$2.60M0.00%−15,000−33.3%Reduced