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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 2025

Institutional positions in Joint Stock Co Kaspi.kz as of Jun 30, 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
162
−29 vs. Q1 2025
Shares held
75.1M
−13.4M (−15.2%) vs. Q1 2025
Total value
$6.38B
−$1.85B (−22.4%) vs. Q1 2025
New holders
14
65 more added
Sold out
43
61 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 2025: 162 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 2025: $6.38B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q1 2025.

Institutions holding KSPI in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Baring Fintech Manager Holding Ltd18,051,851$1.53B100.00%00.0%Unchanged
Baring Fintech Fund III Managers Ltd16,308,056$1.38B100.00%−12,257,305−42.9%Reduced
Baillie Gifford & Co5,031,214$427.1M0.32%−228,819−4.4%Reduced
FIL Ltd3,946,542$335.0M0.29%−161,245−3.9%Reduced
FMR LLC1,832,170$155.5M0.01%+403,145+28.2%Added
Sands Capital Management, LLC1,682,013$142.8M0.41%+370,556+28.3%Added
Pzena Investment Management LLC1,680,646$142.7M0.46%+247,665+17.3%Added
BlackRock, Inc.1,507,230$127.9M0.00%−875,325−36.7%Reduced
GQG Partners LLC1,476,651$125.4M0.18%−253,512−14.7%Reduced
Schroder Investment Management Group1,389,030$117.9M0.10%+29,760+2.2%Added
Southpoint Capital Advisors LP1,250,000$106.1M2.67%00.0%Unchanged
Greenvale Capital LLP1,150,000$97.6M8.73%00.0%Unchanged
VR Advisory Services Ltd1,077,369$91.5M24.38%+121,907+12.8%Added
Samlyn Capital, LLC1,013,302$86.0M1.25%−226,945−18.3%Reduced
Standard Life Aberdeen plc971,840$82.6M0.14%+11,984+1.2%Added
Coronation Fund Managers Ltd.885,058$75.1M4.07%+348,356+64.9%Added
Cat Rock Capital Management LP828,511$70.3M8.86%−185,300−18.3%Reduced
BIT Capital GmbH814,163$69.1M4.50%−116,903−12.6%Reduced
Mawer Investment Management Ltd.805,524$68.4M0.35%−54,814−6.4%Reduced
Alliancebernstein L.P.605,698$51.4M0.02%−30,424−4.8%Reduced
Polar Capital Holdings Plc587,774$49.9M0.26%+381,332+184.7%Added
Arrowstreet Capital, Limited Partnership514,178$43.6M0.03%+13,265+2.6%Added
HSBC Holdings PLC462,229$39.2M0.03%−23,932−4.9%Reduced
Capital World Investors444,480$37.7M0.01%+1,741+0.4%Added
JPMorgan Chase & Co433,709$36.8M0.00%+62,064+16.7%Added
Brightlight Capital Management LP432,000$36.7M20.24%+111,100+34.6%Added
Ninety One UK Ltd429,610$36.5M0.09%−41,503−8.8%Reduced
Fiera Capital Corp428,859$36.4M0.12%+32,795+8.3%Added
Goldman Sachs Group Inc424,580$36.0M0.01%+56,878+15.5%Added
Bank of America Corp415,965$35.3M0.00%+138,889+50.1%Added
Untitled Investments LP394,910$33.5M9.16%−31,490−7.4%Reduced
Legal & General Group Plc348,296$29.6M0.01%+16,731+5.0%Added
Gemsstock Limited327,362$27.8M7.27%−82,638−20.2%Reduced
Sumitomo Mitsui Trust Holdings, Inc.299,625$25.4M0.02%−14,367−4.6%Reduced
Nikko Asset Management Americas, Inc.298,309$25.3M0.25%−15,236−4.9%Reduced
Park West Asset Management LLC290,028$24.6M1.88%−230,636−44.3%Reduced
Artisan Partners Limited Partnership281,296$23.9M0.04%+21,553+8.3%Added
Wellington Management Group LLP249,546$21.2M0.00%−93,627−27.3%Reduced
Bienville Capital Management, LLC245,854$20.9M4.11%+72,949+42.2%Added
Philosophy Capital Management LLC240,154$20.4M2.57%+1,100+0.5%Added
Luxor Capital Group, LP214,165$18.2M2.37%−153,983−41.8%Reduced
WCM Investment Management, LLC202,650$17.5M0.04%−7,124−3.4%Reduced
Southeastern Asset Management IncSuperinvestorSoutheastern Asset Management (Longleaf)188,806$16.0M0.81%+188,806New
Franklin Resources Inc187,799$15.9M0.00%+1,455+0.8%Added
Carmignac Gestion184,030$15.6M0.24%+16,976+10.2%Added
Russell Investments Group, Ltd.184,063$15.6M0.02%+29,283+18.9%Added
SEI Investments Co177,173$15.0M0.02%+20,835+13.3%Added
Generali Investments CEE, investicni spolecnost, a.s.168,414$14.3M1.18%+32,256+23.7%Added
Geode Capital Management, LLC165,512$14.1M0.00%−438−0.3%Reduced
Weiss Asset Management LP157,419$13.4M0.21%00.0%Unchanged
Harding Loevner LP151,360$12.8M0.09%−34,947−18.8%Reduced
Public Employees Retirement System of Ohio147,485$12.5M0.04%+13,113+9.8%Added
Capital International Inc143,124$12.1M0.12%+11,378+8.6%Added
Van Eck Associates Corp131,277$11.1M0.01%−63,405−32.6%Reduced
Comgest Global Investors S.A.S.128,126$10.9M0.19%+1,243+1.0%Added
Morgan Stanley126,050$10.7M0.00%−9,561−7.1%Reduced
ARK Investment Management LLCSuperinvestorARK Invest120,704$10.2M0.08%−10,293−7.9%Reduced
State of New Jersey Common Pension Fund D116,801$9.92M0.04%00.0%Unchanged
Mirabella Financial Services LLP112,701$9.57M1.00%−21,995−16.3%Reduced
Fairtree Asset Management (Pty) Ltd109,506$9.30M7.01%+12,026+12.3%Added
Exchange Traded Concepts, LLC107,402$9.12M0.12%+94,754+749.2%Added
Armor Advisors, L.L.C.107,009$9.08M9.02%+37,959+55.0%Added
Price T Rowe Associates Inc96,254$8.17M0.00%+17,897+22.8%Added
Norwood Investment Partners, LP95,104$8.07M6.05%+95,104New
Commonwealth of Pennsylvania Public School Empls Retrmt Sys90,434$7.68M0.04%00.0%Unchanged
UBS Oconnor LLC85,555$7.26M0.20%+23,535+37.9%Added
Hood River Capital Management LLC84,573$7.18M0.10%+9,549+12.7%Added
Voloridge Investment Management, LLC75,497$6.41M0.02%−47,836−38.8%Reduced
Truffle Hound Capital, LLC75,000$6.37M4.21%00.0%Unchanged
Renaissance Capital LLC65,635$5.57M3.89%+4,111+6.7%Added
Crawford Fund Management, LLC61,565$5.23M3.08%+800+1.3%Added
Amundi57,694$4.87M0.00%−1,160−2.0%Reduced
Itau Unibanco Holding S.A.55,503$4.71M0.18%+13,574+32.4%Added
Robeco Institutional Asset Management B.V.55,000$4.67M0.01%−1,800−3.2%Reduced
Ameriprise Financial Inc53,692$4.56M0.00%−2,177−3.9%Reduced
Pictet Asset Management Holding SA49,630$4.21M0.00%−54,984−52.6%Reduced
Macquarie Group Ltd46,648$3.96M0.00%+5,530+13.4%Added
Baader Bank INC38,729$3.29M0.28%−2,461−6.0%Reduced
Evergreen Wealth Management, LLC37,705$3.20M1.80%+1,178+3.2%Added
Toroso Investments, LLC34,242$2.91M0.02%−2,022−5.6%Reduced
Abn Amro Investment Solutions32,076$2.72M0.05%+1,022+3.3%Added
Cullen Capital Management LLC31,846$2.70M0.03%−44,980−58.5%Reduced
Dumac, Inc.31,510$2.67M16.80%00.0%Unchanged
Millennium Management LLC31,404$2.67M0.00%−162,400−83.8%Reduced
Qube Research & Technologies Ltd30,313$2.57M0.00%−39,383−56.5%Reduced
ABS Direct Equity Fund LLC29,713$2.52M4.01%00.0%Unchanged
SG Americas Securities, LLC28,637$2.43M0.01%+11,805+70.1%Added
Citadel Advisors LLC27,898$2.37M0.00%+22,970+466.1%Added
Amitell Capital Pte Ltd27,443$2.33M1.31%+12,611+85.0%Added
Cannell Capital LLC26,713$2.27M0.71%+26,713New
Prelude Capital Management, LLC26,713$2.27M0.22%+26,713New
Jump Financial, LLC25,400$2.16M0.03%+25,400New
Matthews International Capital Management LLC24,941$2.12M0.49%+24,941New
Acadian Asset Management LLC23,219$1.97M0.00%−8,542−26.9%Reduced
Flossbach Von Storch AG21,500$1.83M0.01%−3,500−14.0%Reduced
UBS Group AG19,010$1.61M0.00%−36,939−66.0%Reduced
BNP Paribas Arbitrage, SA18,747$1.59M0.00%+12,568+203.4%Added
Capricorn Fund Managers Ltd17,000$1.44M0.68%00.0%Unchanged
Virtu Financial LLC14,944$1.27M0.06%−92−0.6%Reduced
State Street Corp14,393$1.22M0.00%−22,877−61.4%Reduced