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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, Q4 2024

Institutional positions in Joint Stock Co Kaspi.kz as of Dec 31, 2024. 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
175
+6 vs. Q3 2024
Shares held
89.4M
+46.4M (+107.9%) vs. Q3 2024
Total value
$8.47B
+$3.96B (+87.6%) vs. Q3 2024
New holders
32
55 more added
Sold out
26
61 more reduced

1 institution that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2024: 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 holdersQ4 2024: 175 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 heldQ4 2024: $8.47B
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: $5.02BQ2 2024: $5.55BQ3 2024: $4.52BQ4 2024: $8.47BQ1 2025: $8.25BQ2 2025: $6.38BQ3 2025: $6.05BQ4 2025: $6.67BQ1 2026: $6.27BQ2 2026: $7.25B
Institutions holding KSPI and their total value by quarter
QuarterHoldersValue
Q2 2026205$7.25B
Q1 2026167$6.27B
Q4 2025175$6.67B
Q3 2025185$6.05B
Q2 2025162$6.38B
Q1 2025192$8.25B
Q4 2024175$8.47B
Q3 2024170$4.52B
Q2 2024154$5.55B
Q1 2024126$5.02B
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, Q4 2024

Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q3 2024.

Institutions holding KSPI in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Baring Fintech Fund III Managers Ltd28,846,548$2.73B100.00%+28,846,548New
Baring Fintech Manager Holding Ltd18,051,851$1.71B100.00%+18,051,851New
Baillie Gifford & Co4,491,504$425.4M0.33%−157,980−3.4%Reduced
FIL Ltd4,273,193$404.7M0.38%+6,391+0.1%Added
BlackRock, Inc.3,632,747$344.1M0.01%−343,064−8.6%Reduced
GQG Partners LLC1,590,274$150.6M0.22%−393,888−19.9%Reduced
Standard Life Aberdeen plc1,507,283$144.5M0.27%−145,786−8.8%Reduced
Sands Capital Management, LLC1,441,486$136.5M0.40%−36,728−2.5%Reduced
FMR LLC1,328,459$125.8M0.01%−105,006−7.3%Reduced
Southpoint Capital Advisors LP1,250,000$118.4M2.78%+100,000+8.7%Added
BIT Capital GmbH1,207,682$114.4M10.01%+98,605+8.9%Added
Greenvale Capital LLP1,200,000$113.7M9.30%+100,000+9.1%Added
Schroder Investment Management Group1,193,827$113.1M0.11%+40,203+3.5%Added
Samlyn Capital, LLC1,159,875$109.9M1.75%−117,020−9.2%Reduced
Pzena Investment Management LLC1,126,704$106.7M0.36%+60,059+5.6%Added
Cat Rock Capital Management LP1,024,811$97.1M12.69%−313,022−23.4%Reduced
Mawer Investment Management Ltd.897,295$85.0M0.39%−24,862−2.7%Reduced
VR Advisory Services Ltd836,163$79.2M19.79%+101,955+13.9%Added
Alliancebernstein L.P.643,098$60.9M0.02%−129,454−16.8%Reduced
JPMorgan Chase & Co603,738$57.2M0.00%+78,707+15.0%Added
Ninety One UK Ltd594,034$56.3M0.15%+121,927+25.8%Added
Bank of America Corp500,939$47.4M0.00%−17,675−3.4%Reduced
Luxor Capital Group, LP493,775$46.8M6.07%−30,534−5.8%Reduced
HSBC Holdings PLC490,570$46.7M0.03%−37,408−7.1%Reduced
Coronation Fund Managers Ltd.465,221$44.1M2.59%+106,828+29.8%Added
Untitled Investments LP436,925$41.4M10.09%−284,758−39.5%Reduced
Fiera Capital Corp435,976$41.3M0.13%−2,961−0.7%Reduced
Park West Asset Management LLC397,286$37.6M3.13%+176,358+79.8%Added
Goldman Sachs Group Inc386,603$36.6M0.01%+307,980+391.7%Added
Arrowstreet Capital, Limited Partnership385,255$36.5M0.03%+23,691+6.6%Added
Wellington Management Group LLP382,894$36.3M0.01%−27,468−6.7%Reduced
Legal & General Group Plc351,149$33.3M0.01%+74,766+27.1%Added
Brightlight Capital Management LP320,900$30.4M22.21%00.0%Unchanged
Sumitomo Mitsui Trust Holdings, Inc.289,376$27.4M0.02%−52,665−15.4%Reduced
Nikko Asset Management Americas, Inc.288,929$27.4M0.30%−52,138−15.3%Reduced
Artisan Partners Limited Partnership256,537$24.3M0.04%−62,982−19.7%Reduced
Mondrian Investment Partners LTD242,415$23.1M0.38%+66,284+37.6%Added
Tekne Capital Management, LLC224,500$21.3M7.52%00.0%Unchanged
WCM Investment Management, LLC209,774$20.1M0.05%−970.0%Reduced
Philosophy Capital Management LLC200,000$18.9M2.55%+200,000New
Harding Loevner LP197,160$18.7M0.13%−65,453−24.9%Reduced
Ameriprise Financial Inc194,678$18.4M0.00%−16,732−7.9%Reduced
Franklin Resources Inc186,344$17.6M0.00%00.0%Unchanged
Cullen Capital Management LLC185,086$17.5M0.20%−22,746−10.9%Reduced
Marex Group plc181,830$17.2M0.29%00.0%Unchanged
Millennium Management LLC176,593$16.7M0.01%+150,991+589.8%Added
Geode Capital Management, LLC167,451$15.9M0.00%+1,440+0.9%Added
Carmignac Gestion167,054$15.8M0.25%−1,500−0.9%Reduced
Morgan Stanley158,206$15.0M0.00%−187,286−54.2%Reduced
Russell Investments Group, Ltd.156,319$14.8M0.02%−1,926−1.2%Reduced
Mirabella Financial Services LLP154,873$14.7M1.35%+83,607+117.3%Added
Jupiter Asset Management Ltd154,187$14.6M0.14%−13,122−7.8%Reduced
Voloridge Investment Management, LLC151,288$14.3M0.05%+93,919+163.7%Added
SEI Investments Co147,964$14.0M0.02%−3,322−2.2%Reduced
Nellore Capital Management LLC140,119$13.3M1.73%−10,000−6.7%Reduced
Capital International Inc135,546$12.8M0.15%+1,965+1.5%Added
Gemsstock Limited132,313$12.5M2.59%+132,313New
Breakout Capital Partners, LP131,000$12.4M14.11%00.0%Unchanged
Capricorn Fund Managers Ltd127,630$12.3M5.45%00.0%Unchanged
Comgest Global Investors S.A.S.126,883$12.0M0.20%−8,176−6.1%Reduced
Marshall Wace, LLP125,241$11.9M0.01%+114,761+1,095.0%Added
Generali Investments CEE, investicni spolecnost, a.s.111,869$10.6M1.09%+111,869New
Penserra Capital Management LLC104,541$9.90M0.18%+10,682+11.4%Added
Capital International Investors102,918$9.83M0.00%−30,826−23.0%Reduced
Bienville Capital Management, LLC101,873$9.65M2.36%+101,873New
UBS Oconnor LLC93,465$8.85M0.22%+31,972+52.0%Added
Renaissance Capital LLC90,311$8.55M5.61%−5,747−6.0%Reduced
State of New Jersey Common Pension Fund D85,630$8.11M0.03%00.0%Unchanged
Fairtree Asset Management (Pty) Ltd81,014$7.67M7.34%+81,014New
Van Eck Associates Corp76,966$7.29M0.01%−112,712−59.4%Reduced
Truffle Hound Capital, LLC75,000$7.10M4.25%+75,000New
Public Employees Retirement System of Ohio74,936$7.10M0.02%00.0%Unchanged
Price T Rowe Associates Inc72,060$6.83M0.00%−2,710−3.6%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys66,425$6.29M0.04%00.0%Unchanged
Amundi62,260$5.96M0.00%+1,006+1.6%Added
Qube Research & Technologies Ltd60,643$5.74M0.01%+50,233+482.5%Added
Crawford Fund Management, LLC57,165$5.41M3.63%+57,165New
Alberta Investment Management Corp56,855$5.38M0.04%+3,152+5.9%Added
Robeco Institutional Asset Management B.V.56,800$5.38M0.01%+17,650+45.1%Added
Weiss Asset Management LP50,548$4.79M0.11%−71,938−58.7%Reduced
UBS Group AG48,131$4.56M0.00%+10,640+28.4%Added
Baader Bank INC46,200$4.38M0.40%−13,050−22.0%Reduced
Toroso Investments, LLC41,192$3.90M0.03%+3,910+10.5%Added
Kayne Anderson Rudnick Investment Management LLC41,004$3.88M0.01%+11,691+39.9%Added
Raymond James Financial Inc40,991$3.88M0.00%+40,991New
Acadian Asset Management LLC39,733$3.76M0.01%−6,909−14.8%Reduced
Apis Capital Advisors, LLC37,000$3.50M2.33%−1,000−2.6%Reduced
State Street Corp36,397$3.45M0.00%+12,031+49.4%Added
Driehaus Capital Management LLC32,124$3.04M0.03%+49+0.2%Added
Abn Amro Investment Solutions32,003$3.03M0.06%−381−1.2%Reduced
Dumac, Inc.31,510$2.98M4.61%+6,160+24.3%Added
Macquarie Group Ltd30,232$2.86M0.00%−962−3.1%Reduced
ABS Direct Equity Fund LLC29,713$2.81M3.26%+29,713New
Itau Unibanco Holding S.A.27,020$2.59M0.08%+27,020New
Steamboat Capital Partners, LLC24,383$2.31M0.71%−536−2.2%Reduced
Jane Street Group, LLC23,811$2.26M0.00%+19,072+402.4%Added
LSV Asset Management22,700$2.15M0.00%00.0%Unchanged
Raiffeisen Bank International AG18,800$1.80M0.03%+18,800New
William Blair Investment Management, LLC18,214$1.73M0.00%+18,214New
Envestnet Asset Management Inc18,028$1.71M0.00%−1,448−7.4%Reduced