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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, Q1 2025

Institutional positions in Joint Stock Co Kaspi.kz as of Mar 31, 2025. 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
192
+18 vs. Q4 2024
Shares held
88.8M
−639.0K (−0.7%) vs. Q4 2024
Total value
$8.25B
−$228.3M (−2.7%) vs. Q4 2024
New holders
35
64 more added
Sold out
17
67 more reduced

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2025: 192 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 heldQ1 2025: $8.25B
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: $5.02BQ2 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, Q1 2025

Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q4 2024.

Institutions holding KSPI in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
State Street Corp37,270$3.46M0.00%+873+2.4%Added
Kayne Anderson Rudnick Investment Management LLC37,801$3.51M0.01%−3,203−7.8%Reduced
Raymond James Financial Inc39,471$3.66M0.00%−1,520−3.7%Reduced
Driehaus Capital Management LLC40,075$3.72M0.04%+7,951+24.8%Added
Baader Bank INC41,190$3.81M0.38%−5,010−10.8%Reduced
Macquarie Group Ltd41,118$3.82M0.00%+10,886+36.0%Added
Itau Unibanco Holding S.A.41,929$3.89M0.15%+14,909+55.2%Added
William Blair Investment Management, LLC45,460$4.22M0.01%+27,246+149.6%Added
Jane Street Group, LLC47,515$4.41M0.01%+23,704+99.6%Added
Ameriprise Financial Inc55,869$5.19M0.00%−138,809−71.3%Reduced
UBS Group AG55,949$5.19M0.00%+7,818+16.2%Added
Robeco Institutional Asset Management B.V.56,800$5.27M0.01%00.0%Unchanged
Amundi58,854$5.32M0.00%−3,406−5.5%Reduced
Crawford Fund Management, LLC60,765$5.64M3.72%+3,600+6.3%Added
Renaissance Capital LLC61,524$5.71M4.41%−28,787−31.9%Reduced
UBS Oconnor LLC62,020$5.76M0.14%−31,445−33.6%Reduced
Capital International Investors62,837$5.91M0.00%−40,081−38.9%Reduced
Armor Advisors, L.L.C.69,050$6.41M6.31%+69,050New
Qube Research & Technologies Ltd69,696$6.47M0.01%+9,053+14.9%Added
Alberta Investment Management Corp70,707$6.57M0.04%+13,852+24.4%Added
Truffle Hound Capital, LLC75,000$6.96M4.46%00.0%Unchanged
Hood River Capital Management LLC75,024$6.97M0.12%+75,024New
Cullen Capital Management LLC76,826$7.13M0.08%−108,260−58.5%Reduced
Price T Rowe Associates Inc78,357$7.28M0.00%+6,297+8.7%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys90,434$8.40M0.05%+24,009+36.1%Added
Fairtree Asset Management (Pty) Ltd97,480$9.05M7.28%+16,466+20.3%Added
Penserra Capital Management LLC98,744$9.17M0.16%−5,797−5.5%Reduced
Pictet Asset Management Holding SA104,614$9.71M0.01%+104,614New
Tekne Capital Management, LLC106,500$9.89M3.77%−118,000−52.6%Reduced
State of New Jersey Common Pension Fund D116,801$10.8M0.05%+31,171+36.4%Added
Voloridge Investment Management, LLC123,333$11.5M0.04%−27,955−18.5%Reduced
Comgest Global Investors S.A.S.126,883$11.8M0.21%00.0%Unchanged
Marex Group plc130,303$12.1M0.23%−51,527−28.3%Reduced
ARK Investment Management LLCSuperinvestorARK Invest130,997$12.2M0.12%+130,997New
Breakout Capital Partners, LP131,000$12.2M11.14%00.0%Unchanged
Capital International Inc131,746$12.2M0.15%−3,800−2.8%Reduced
Public Employees Retirement System of Ohio134,372$12.5M0.05%+59,436+79.3%Added
Mirabella Financial Services LLP134,696$12.5M0.51%−20,177−13.0%Reduced
Morgan Stanley135,611$12.6M0.00%−22,595−14.3%Reduced
Generali Investments CEE, investicni spolecnost, a.s.136,158$12.6M1.18%+24,289+21.7%Added
Russell Investments Group, Ltd.154,780$14.4M0.02%−1,539−1.0%Reduced
SEI Investments Co156,338$14.5M0.02%+8,374+5.7%Added
Weiss Asset Management LP157,419$14.6M0.39%+106,871+211.4%Added
Geode Capital Management, LLC165,950$15.4M0.00%−1,501−0.9%Reduced
Carmignac Gestion167,054$15.5M0.25%00.0%Unchanged
Bienville Capital Management, LLC172,905$16.1M3.89%+71,032+69.7%Added
Harding Loevner LP186,307$17.3M0.13%−10,853−5.5%Reduced
Franklin Resources Inc186,344$17.3M0.01%00.0%Unchanged
Millennium Management LLC193,804$18.0M0.02%+17,211+9.7%Added
Van Eck Associates Corp194,682$18.1M0.02%+117,716+152.9%Added
Polar Capital Holdings Plc206,442$19.2M0.12%+206,442New
WCM Investment Management, LLC209,774$19.7M0.05%00.0%Unchanged
Philosophy Capital Management LLC239,054$22.2M2.96%+39,054+19.5%Added
Mondrian Investment Partners LTD240,051$22.3M0.38%−2,364−1.0%Reduced
Artisan Partners Limited Partnership259,743$24.1M0.04%+3,206+1.2%Added
Bank of America Corp277,076$25.7M0.00%−223,863−44.7%Reduced
Nikko Asset Management Americas, Inc.313,545$29.1M0.38%+24,616+8.5%Added
Sumitomo Mitsui Trust Holdings, Inc.313,992$29.2M0.02%+24,616+8.5%Added
Brightlight Capital Management LP320,900$29.8M20.13%00.0%Unchanged
Legal & General Group Plc331,565$30.8M0.01%−19,584−5.6%Reduced
Wellington Management Group LLP343,173$31.9M0.01%−39,721−10.4%Reduced
Goldman Sachs Group Inc367,702$34.1M0.01%−18,901−4.9%Reduced
Luxor Capital Group, LP368,148$34.2M4.36%−125,627−25.4%Reduced
JPMorgan Chase & Co371,645$34.5M0.00%−232,093−38.4%Reduced
Fiera Capital Corp396,064$36.8M0.13%−39,912−9.2%Reduced
Gemsstock Limited410,000$38.1M14.34%+277,687+209.9%Added
Untitled Investments LP426,400$39.6M11.21%−10,525−2.4%Reduced
Capital World Investors442,739$41.1M0.01%+442,739New
Ninety One UK Ltd471,113$43.7M0.12%−122,921−20.7%Reduced
HSBC Holdings PLC486,161$45.2M0.03%−4,409−0.9%Reduced
Arrowstreet Capital, Limited Partnership500,913$46.5M0.04%+115,658+30.0%Added
Park West Asset Management LLC520,664$48.3M3.95%+123,378+31.1%Added
Coronation Fund Managers Ltd.536,702$49.8M2.71%+71,481+15.4%Added
Alliancebernstein L.P.636,122$59.1M0.02%−6,976−1.1%Reduced
Mawer Investment Management Ltd.860,338$79.9M0.39%−36,957−4.1%Reduced
BIT Capital GmbH931,066$86.4M10.41%−276,616−22.9%Reduced
VR Advisory Services Ltd955,462$88.7M23.14%+119,299+14.3%Added
Standard Life Aberdeen plc959,856$89.1M0.17%−547,427−36.3%Reduced
Cat Rock Capital Management LP1,013,811$94.1M12.49%−11,000−1.1%Reduced
Greenvale Capital LLP1,150,000$106.8M10.40%−50,000−4.2%Reduced
Samlyn Capital, LLC1,240,247$115.2M1.90%+80,372+6.9%Added
Southpoint Capital Advisors LP1,250,000$116.1M2.80%00.0%Unchanged
Sands Capital Management, LLC1,311,457$121.8M0.41%−130,029−9.0%Reduced
Schroder Investment Management Group1,359,270$126.2M0.13%+165,443+13.9%Added
FMR LLC1,429,025$132.7M0.01%+100,566+7.6%Added
Pzena Investment Management LLC1,432,981$133.1M0.46%+306,277+27.2%Added
GQG Partners LLC1,730,163$160.6M0.26%+139,889+8.8%Added
BlackRock, Inc.2,382,555$221.2M0.00%−1,250,192−34.4%Reduced
FIL Ltd4,107,787$381.4M0.36%−165,406−3.9%Reduced
Baillie Gifford & Co5,260,033$488.4M0.43%+768,529+17.1%Added
Baring Fintech Manager Holding Ltd18,051,851$1.68B100.00%00.0%Unchanged
Baring Fintech Fund III Managers Ltd28,565,361$2.65B100.00%−281,187−1.0%Reduced
Jupiter Asset Management Ltd0$00.00%−154,187−100.0%Sold out
Nellore Capital Management LLC0$00.00%−140,119−100.0%Sold out
Marshall Wace, LLP0$00.00%−125,241−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−14,721−100.0%Sold out
Two Sigma Investments, LP0$00.00%−13,163−100.0%Sold out
Capital Group Private Client Services, Inc.0$00.00%−12,246−100.0%Sold out
TrimTabs Asset Management, LLC0$00.00%−7,226−100.0%Sold out
Northwest & Ethical Investments L.P.0$00.00%−6,350−100.0%Sold out