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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
Amundi62,260$5.96M0.00%+1,006+1.6%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys66,425$6.29M0.04%00.0%Unchanged
Price T Rowe Associates Inc72,060$6.83M0.00%−2,710−3.6%Reduced
Public Employees Retirement System of Ohio74,936$7.10M0.02%00.0%Unchanged
Truffle Hound Capital, LLC75,000$7.10M4.25%+75,000New
Van Eck Associates Corp76,966$7.29M0.01%−112,712−59.4%Reduced
Fairtree Asset Management (Pty) Ltd81,014$7.67M7.34%+81,014New
State of New Jersey Common Pension Fund D85,630$8.11M0.03%00.0%Unchanged
Renaissance Capital LLC90,311$8.55M5.61%−5,747−6.0%Reduced
UBS Oconnor LLC93,465$8.85M0.22%+31,972+52.0%Added
Bienville Capital Management, LLC101,873$9.65M2.36%+101,873New
Capital International Investors102,918$9.83M0.00%−30,826−23.0%Reduced
Penserra Capital Management LLC104,541$9.90M0.18%+10,682+11.4%Added
Generali Investments CEE, investicni spolecnost, a.s.111,869$10.6M1.09%+111,869New
Marshall Wace, LLP125,241$11.9M0.01%+114,761+1,095.0%Added
Comgest Global Investors S.A.S.126,883$12.0M0.20%−8,176−6.1%Reduced
Capricorn Fund Managers Ltd127,630$12.3M5.45%00.0%Unchanged
Breakout Capital Partners, LP131,000$12.4M14.11%00.0%Unchanged
Gemsstock Limited132,313$12.5M2.59%+132,313New
Capital International Inc135,546$12.8M0.15%+1,965+1.5%Added
Nellore Capital Management LLC140,119$13.3M1.73%−10,000−6.7%Reduced
SEI Investments Co147,964$14.0M0.02%−3,322−2.2%Reduced
Voloridge Investment Management, LLC151,288$14.3M0.05%+93,919+163.7%Added
Jupiter Asset Management Ltd154,187$14.6M0.14%−13,122−7.8%Reduced
Mirabella Financial Services LLP154,873$14.7M1.35%+83,607+117.3%Added
Russell Investments Group, Ltd.156,319$14.8M0.02%−1,926−1.2%Reduced
Morgan Stanley158,206$15.0M0.00%−187,286−54.2%Reduced
Carmignac Gestion167,054$15.8M0.25%−1,500−0.9%Reduced
Geode Capital Management, LLC167,451$15.9M0.00%+1,440+0.9%Added
Millennium Management LLC176,593$16.7M0.01%+150,991+589.8%Added
Marex Group plc181,830$17.2M0.29%00.0%Unchanged
Cullen Capital Management LLC185,086$17.5M0.20%−22,746−10.9%Reduced
Franklin Resources Inc186,344$17.6M0.00%00.0%Unchanged
Ameriprise Financial Inc194,678$18.4M0.00%−16,732−7.9%Reduced
Harding Loevner LP197,160$18.7M0.13%−65,453−24.9%Reduced
Philosophy Capital Management LLC200,000$18.9M2.55%+200,000New
WCM Investment Management, LLC209,774$20.1M0.05%−970.0%Reduced
Tekne Capital Management, LLC224,500$21.3M7.52%00.0%Unchanged
Mondrian Investment Partners LTD242,415$23.1M0.38%+66,284+37.6%Added
Artisan Partners Limited Partnership256,537$24.3M0.04%−62,982−19.7%Reduced
Nikko Asset Management Americas, Inc.288,929$27.4M0.30%−52,138−15.3%Reduced
Sumitomo Mitsui Trust Holdings, Inc.289,376$27.4M0.02%−52,665−15.4%Reduced
Brightlight Capital Management LP320,900$30.4M22.21%00.0%Unchanged
Legal & General Group Plc351,149$33.3M0.01%+74,766+27.1%Added
Wellington Management Group LLP382,894$36.3M0.01%−27,468−6.7%Reduced
Arrowstreet Capital, Limited Partnership385,255$36.5M0.03%+23,691+6.6%Added
Goldman Sachs Group Inc386,603$36.6M0.01%+307,980+391.7%Added
Park West Asset Management LLC397,286$37.6M3.13%+176,358+79.8%Added
Fiera Capital Corp435,976$41.3M0.13%−2,961−0.7%Reduced
Untitled Investments LP436,925$41.4M10.09%−284,758−39.5%Reduced
Coronation Fund Managers Ltd.465,221$44.1M2.59%+106,828+29.8%Added
HSBC Holdings PLC490,570$46.7M0.03%−37,408−7.1%Reduced
Luxor Capital Group, LP493,775$46.8M6.07%−30,534−5.8%Reduced
Bank of America Corp500,939$47.4M0.00%−17,675−3.4%Reduced
Ninety One UK Ltd594,034$56.3M0.15%+121,927+25.8%Added
JPMorgan Chase & Co603,738$57.2M0.00%+78,707+15.0%Added
Alliancebernstein L.P.643,098$60.9M0.02%−129,454−16.8%Reduced
VR Advisory Services Ltd836,163$79.2M19.79%+101,955+13.9%Added
Mawer Investment Management Ltd.897,295$85.0M0.39%−24,862−2.7%Reduced
Cat Rock Capital Management LP1,024,811$97.1M12.69%−313,022−23.4%Reduced
Pzena Investment Management LLC1,126,704$106.7M0.36%+60,059+5.6%Added
Samlyn Capital, LLC1,159,875$109.9M1.75%−117,020−9.2%Reduced
Schroder Investment Management Group1,193,827$113.1M0.11%+40,203+3.5%Added
Greenvale Capital LLP1,200,000$113.7M9.30%+100,000+9.1%Added
BIT Capital GmbH1,207,682$114.4M10.01%+98,605+8.9%Added
Southpoint Capital Advisors LP1,250,000$118.4M2.78%+100,000+8.7%Added
FMR LLC1,328,459$125.8M0.01%−105,006−7.3%Reduced
Sands Capital Management, LLC1,441,486$136.5M0.40%−36,728−2.5%Reduced
Standard Life Aberdeen plc1,507,283$144.5M0.27%−145,786−8.8%Reduced
GQG Partners LLC1,590,274$150.6M0.22%−393,888−19.9%Reduced
BlackRock, Inc.3,632,747$344.1M0.01%−343,064−8.6%Reduced
FIL Ltd4,273,193$404.7M0.38%+6,391+0.1%Added
Baillie Gifford & Co4,491,504$425.4M0.33%−157,980−3.4%Reduced
Baring Fintech Manager Holding Ltd18,051,851$1.71B100.00%+18,051,851New
Baring Fintech Fund III Managers Ltd28,846,548$2.73B100.00%+28,846,548New
ARK Investment Management LLCSuperinvestorARK Invest0$00.00%−125,120−100.0%Sold out
Pictet Asset Management Holding SA0$00.00%−118,778−100.0%Sold out
Candriam Luxembourg S.C.A.0$00.00%−68,700−100.0%Sold out
Walleye Capital LLC0$00.00%−34,629−100.0%Sold out
JBF Capital, Inc.0$00.00%−30,000−100.0%Sold out
Wealth High Governance Capital Ltda0$00.00%−30,000−100.0%Sold out
Seven Eight Capital, LP0$00.00%−28,356−100.0%Sold out
UBS Asset Management Americas Inc0$00.00%−21,206−100.0%Sold out
Perpetual Ltd0$00.00%−19,100−100.0%Sold out
Thompson Siegel & Walmsley LLC0$00.00%−19,100−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−15,805−100.0%Sold out
Manufacturers Life Insurance Company, The0$00.00%−13,159−100.0%Sold out
Virtu Financial LLC0$00.00%−10,245−100.0%Sold out
Scientech Research LLC0$00.00%−7,772−100.0%Sold out
Northern Trust Corp0$00.00%−6,447−100.0%Sold out
First Trust Advisors LP0$00.00%−5,954−100.0%Sold out
XTX Topco Ltd0$00.00%−5,837−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−5,173−100.0%Sold out
Paragon Associates & Paragon Associates II Joint Venture0$00.00%−5,000−100.0%Sold out
Bleakley Financial Group, LLC0$00.00%−4,253−100.0%Sold out
Advisory Services Network, LLC0$00.00%−2,387−100.0%Sold out
Wexford Capital LP0$00.00%−2,510−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−2,135−100.0%Sold out
Matthews International Capital Management LLC0$00.00%−807−100.0%Sold out
Leonteq Securities AG0$00.00%−320−100.0%Sold out