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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
CWM, LLC5$00.00%+5New
GAMMA Investing LLC4$3400.00%−356−98.9%Reduced
Larson Financial Group LLC24$2.04K0.00%+24New
Lazard Asset Management LLC38$3.00K0.00%00.0%Unchanged
Raymond James Financial Inc95$8.06K0.00%−39,376−99.8%Reduced
EverSource Wealth Advisors, LLC98$8.29K0.00%−61−38.4%Reduced
Steward Partners Investment Advisory, LLC110$9.34K0.00%−100−47.6%Reduced
Jones Financial Companies LLLP115$9.91K0.00%+90+360.0%Added
Advisor Group Holdings, Inc.121$10.3K0.00%+111+1,110.0%Added
Byrne Asset Management LLC130$11.0K0.01%00.0%Unchanged
Wells Fargo & Company159$13.5K0.00%−369−69.9%Reduced
Caitong International Asset Management Co., Ltd168$14.3K0.01%−1,231−88.0%Reduced
Tower Research Capital LLC (TRC)200$17.0K0.00%−725−78.4%Reduced
Umb Bank N A251$21.3K0.00%−17−6.3%Reduced
Hantz Financial Services, Inc.270$23.0K0.00%+225+500.0%Added
State of Wyoming680$57.6K0.01%−152−18.3%Reduced
Nomura Asset Management Co Ltd868$73.7K0.00%00.0%Unchanged
Citigroup Inc915$77.7K0.00%+675+281.3%Added
Royal Bank of Canada964$81.0K0.00%−4,862−83.5%Reduced
Simplex Trading, LLC999$84.0K0.00%+999New
Ridgewood Investments LLC1,000$84.9K0.04%00.0%Unchanged
Skopos Labs, Inc.1,075$91.3K0.01%+843+363.4%Added
Asset Management One Co.,Ltd.1,384$117.5K0.00%+281+25.5%Added
Natixis1,838$156.4K0.00%−315−14.6%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.1,953$165.8K0.00%+217+12.5%Added
Toronto Dominion Bank1,972$168.1K0.00%+1+0.1%Added
Daiwa Securities Group Inc.2,774$235.0K0.00%−1,689−37.8%Reduced
Altshuler Shaham Ltd3,000$254.7K0.01%+500+20.0%Added
Y-Intercept (Hong Kong) Ltd3,172$269.3K0.01%−4,020−55.9%Reduced
Advisory Services Network, LLC3,662$288.9K0.00%+991+37.1%Added
Aigen Investment Management, LP3,774$320.4K0.04%−1,596−29.7%Reduced
Global Endowment Management, LP3,792$321.9K0.04%−1,459−27.8%Reduced
Neuberger Berman Group LLC3,879$329.3K0.00%00.0%Unchanged
First Trust Advisors LP3,947$335.1K0.00%+3,947New
Cantor Fitzgerald, L. P.4,000$339.6K0.01%00.0%Unchanged
Ingalls & Snyder LLC4,164$353.0K0.01%+290+7.5%Added
Pitcairn Co4,594$390.0K0.03%−1,924−29.5%Reduced
LSV Asset Management5,000$424.0K0.00%−14,100−73.8%Reduced
Wealth Enhancement Advisory Services, LLC5,275$446.5K0.00%+5,275New
Commerce Bank5,677$481.9K0.00%00.0%Unchanged
Group One Trading, L.P.5,924$502.9K0.02%+5,924New
Federated Hermes, Inc.6,345$538.6K0.00%00.0%Unchanged
E. Ohman J:or Asset Management AB6,903$586.0K0.01%+2,554+58.7%Added
Eschler Asset Management LLP7,400$628.2K0.48%+7,400New
Mariner, LLC7,757$658.5K0.00%+586+8.2%Added
Dodge & Cox7,826$664.3K0.00%+1,400+21.8%Added
Quadrature Capital Ltd8,267$701.2K0.01%+3,514+73.9%Added
Aviva PLC8,385$711.8K0.00%00.0%Unchanged
Capital International Sarl8,601$730.1K0.01%+229+2.7%Added
Wexford Capital LP8,901$755.6K0.21%+4,209+89.7%Added
Steamboat Capital Partners, LLC8,960$760.6K0.22%−151−1.7%Reduced
Main Management ETF Advisors, LLC9,529$809.0K0.03%+156+1.7%Added
Engineers Gate Manager LP9,685$822.2K0.01%−11,663−54.6%Reduced
M&T Bank Corp9,812$832.9K0.00%−116−1.2%Reduced
Gordian Capital Singapore Pte Ltd9,000$835.6K1.27%00.0%Unchanged
FourWorld Capital Management LLC10,000$848.9K0.61%00.0%Unchanged
Ariel Investments, LLC11,009$934.6K0.01%+3,879+54.4%Added
Kerrisdale Advisers, LLC11,050$938.0K0.49%+8,450+325.0%Added
Hyperion Capital Advisors LP11,160$947.4K0.59%+1,960+21.3%Added
Deutsche Bank AG11,500$976.2K0.00%00.0%Unchanged
Federation des caisses Desjardins du Quebec13,154$1.12M0.00%+13,148+219,133.3%Added
D. E. Shaw & Co., Inc.13,342$1.13M0.00%+13,342New
State Street Corp14,393$1.22M0.00%−22,877−61.4%Reduced
Virtu Financial LLC14,944$1.27M0.06%−92−0.6%Reduced
Capricorn Fund Managers Ltd17,000$1.44M0.68%00.0%Unchanged
BNP Paribas Arbitrage, SA18,747$1.59M0.00%+12,568+203.4%Added
UBS Group AG19,010$1.61M0.00%−36,939−66.0%Reduced
Flossbach Von Storch AG21,500$1.83M0.01%−3,500−14.0%Reduced
Acadian Asset Management LLC23,219$1.97M0.00%−8,542−26.9%Reduced
Matthews International Capital Management LLC24,941$2.12M0.49%+24,941New
Jump Financial, LLC25,400$2.16M0.03%+25,400New
Cannell Capital LLC26,713$2.27M0.71%+26,713New
Prelude Capital Management, LLC26,713$2.27M0.22%+26,713New
Amitell Capital Pte Ltd27,443$2.33M1.31%+12,611+85.0%Added
Citadel Advisors LLC27,898$2.37M0.00%+22,970+466.1%Added
SG Americas Securities, LLC28,637$2.43M0.01%+11,805+70.1%Added
ABS Direct Equity Fund LLC29,713$2.52M4.01%00.0%Unchanged
Qube Research & Technologies Ltd30,313$2.57M0.00%−39,383−56.5%Reduced
Millennium Management LLC31,404$2.67M0.00%−162,400−83.8%Reduced
Dumac, Inc.31,510$2.67M16.80%00.0%Unchanged
Cullen Capital Management LLC31,846$2.70M0.03%−44,980−58.5%Reduced
Abn Amro Investment Solutions32,076$2.72M0.05%+1,022+3.3%Added
Toroso Investments, LLC34,242$2.91M0.02%−2,022−5.6%Reduced
Evergreen Wealth Management, LLC37,705$3.20M1.80%+1,178+3.2%Added
Baader Bank INC38,729$3.29M0.28%−2,461−6.0%Reduced
Macquarie Group Ltd46,648$3.96M0.00%+5,530+13.4%Added
Pictet Asset Management Holding SA49,630$4.21M0.00%−54,984−52.6%Reduced
Ameriprise Financial Inc53,692$4.56M0.00%−2,177−3.9%Reduced
Robeco Institutional Asset Management B.V.55,000$4.67M0.01%−1,800−3.2%Reduced
Itau Unibanco Holding S.A.55,503$4.71M0.18%+13,574+32.4%Added
Amundi57,694$4.87M0.00%−1,160−2.0%Reduced
Crawford Fund Management, LLC61,565$5.23M3.08%+800+1.3%Added
Renaissance Capital LLC65,635$5.57M3.89%+4,111+6.7%Added
Truffle Hound Capital, LLC75,000$6.37M4.21%00.0%Unchanged
Voloridge Investment Management, LLC75,497$6.41M0.02%−47,836−38.8%Reduced
Hood River Capital Management LLC84,573$7.18M0.10%+9,549+12.7%Added
UBS Oconnor LLC85,555$7.26M0.20%+23,535+37.9%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys90,434$7.68M0.04%00.0%Unchanged
Norwood Investment Partners, LP95,104$8.07M6.05%+95,104New
Price T Rowe Associates Inc96,254$8.17M0.00%+17,897+22.8%Added