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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
Armor Advisors, L.L.C.107,009$9.08M9.02%+37,959+55.0%Added
Exchange Traded Concepts, LLC107,402$9.12M0.12%+94,754+749.2%Added
Fairtree Asset Management (Pty) Ltd109,506$9.30M7.01%+12,026+12.3%Added
Mirabella Financial Services LLP112,701$9.57M1.00%−21,995−16.3%Reduced
State of New Jersey Common Pension Fund D116,801$9.92M0.04%00.0%Unchanged
ARK Investment Management LLCSuperinvestorARK Invest120,704$10.2M0.08%−10,293−7.9%Reduced
Morgan Stanley126,050$10.7M0.00%−9,561−7.1%Reduced
Comgest Global Investors S.A.S.128,126$10.9M0.19%+1,243+1.0%Added
Van Eck Associates Corp131,277$11.1M0.01%−63,405−32.6%Reduced
Capital International Inc143,124$12.1M0.12%+11,378+8.6%Added
Public Employees Retirement System of Ohio147,485$12.5M0.04%+13,113+9.8%Added
Harding Loevner LP151,360$12.8M0.09%−34,947−18.8%Reduced
Weiss Asset Management LP157,419$13.4M0.21%00.0%Unchanged
Geode Capital Management, LLC165,512$14.1M0.00%−438−0.3%Reduced
Generali Investments CEE, investicni spolecnost, a.s.168,414$14.3M1.18%+32,256+23.7%Added
SEI Investments Co177,173$15.0M0.02%+20,835+13.3%Added
Russell Investments Group, Ltd.184,063$15.6M0.02%+29,283+18.9%Added
Carmignac Gestion184,030$15.6M0.24%+16,976+10.2%Added
Franklin Resources Inc187,799$15.9M0.00%+1,455+0.8%Added
Southeastern Asset Management IncSuperinvestorSoutheastern Asset Management (Longleaf)188,806$16.0M0.81%+188,806New
WCM Investment Management, LLC202,650$17.5M0.04%−7,124−3.4%Reduced
Luxor Capital Group, LP214,165$18.2M2.37%−153,983−41.8%Reduced
Philosophy Capital Management LLC240,154$20.4M2.57%+1,100+0.5%Added
Bienville Capital Management, LLC245,854$20.9M4.11%+72,949+42.2%Added
Wellington Management Group LLP249,546$21.2M0.00%−93,627−27.3%Reduced
Artisan Partners Limited Partnership281,296$23.9M0.04%+21,553+8.3%Added
Park West Asset Management LLC290,028$24.6M1.88%−230,636−44.3%Reduced
Nikko Asset Management Americas, Inc.298,309$25.3M0.25%−15,236−4.9%Reduced
Sumitomo Mitsui Trust Holdings, Inc.299,625$25.4M0.02%−14,367−4.6%Reduced
Gemsstock Limited327,362$27.8M7.27%−82,638−20.2%Reduced
Legal & General Group Plc348,296$29.6M0.01%+16,731+5.0%Added
Untitled Investments LP394,910$33.5M9.16%−31,490−7.4%Reduced
Bank of America Corp415,965$35.3M0.00%+138,889+50.1%Added
Goldman Sachs Group Inc424,580$36.0M0.01%+56,878+15.5%Added
Fiera Capital Corp428,859$36.4M0.12%+32,795+8.3%Added
Ninety One UK Ltd429,610$36.5M0.09%−41,503−8.8%Reduced
Brightlight Capital Management LP432,000$36.7M20.24%+111,100+34.6%Added
JPMorgan Chase & Co433,709$36.8M0.00%+62,064+16.7%Added
Capital World Investors444,480$37.7M0.01%+1,741+0.4%Added
HSBC Holdings PLC462,229$39.2M0.03%−23,932−4.9%Reduced
Arrowstreet Capital, Limited Partnership514,178$43.6M0.03%+13,265+2.6%Added
Polar Capital Holdings Plc587,774$49.9M0.26%+381,332+184.7%Added
Alliancebernstein L.P.605,698$51.4M0.02%−30,424−4.8%Reduced
Mawer Investment Management Ltd.805,524$68.4M0.35%−54,814−6.4%Reduced
BIT Capital GmbH814,163$69.1M4.50%−116,903−12.6%Reduced
Cat Rock Capital Management LP828,511$70.3M8.86%−185,300−18.3%Reduced
Coronation Fund Managers Ltd.885,058$75.1M4.07%+348,356+64.9%Added
Standard Life Aberdeen plc971,840$82.6M0.14%+11,984+1.2%Added
Samlyn Capital, LLC1,013,302$86.0M1.25%−226,945−18.3%Reduced
VR Advisory Services Ltd1,077,369$91.5M24.38%+121,907+12.8%Added
Greenvale Capital LLP1,150,000$97.6M8.73%00.0%Unchanged
Southpoint Capital Advisors LP1,250,000$106.1M2.67%00.0%Unchanged
Schroder Investment Management Group1,389,030$117.9M0.10%+29,760+2.2%Added
GQG Partners LLC1,476,651$125.4M0.18%−253,512−14.7%Reduced
BlackRock, Inc.1,507,230$127.9M0.00%−875,325−36.7%Reduced
Pzena Investment Management LLC1,680,646$142.7M0.46%+247,665+17.3%Added
Sands Capital Management, LLC1,682,013$142.8M0.41%+370,556+28.3%Added
FMR LLC1,832,170$155.5M0.01%+403,145+28.2%Added
FIL Ltd3,946,542$335.0M0.29%−161,245−3.9%Reduced
Baillie Gifford & Co5,031,214$427.1M0.32%−228,819−4.4%Reduced
Baring Fintech Fund III Managers Ltd16,308,056$1.38B100.00%−12,257,305−42.9%Reduced
Baring Fintech Manager Holding Ltd18,051,851$1.53B100.00%00.0%Unchanged
Breakout Capital Partners, LP0$00.00%−131,000−100.0%Sold out
Marex Group plc0$00.00%−130,303−100.0%Sold out
Tekne Capital Management, LLC0$00.00%−106,500−100.0%Sold out
Penserra Capital Management LLC0$00.00%−98,744−100.0%Sold out
Alberta Investment Management Corp0$00.00%−70,707−100.0%Sold out
Capital International Investors0$00.00%−62,837−100.0%Sold out
Jane Street Group, LLC0$00.00%−47,515−100.0%Sold out
William Blair Investment Management, LLC0$00.00%−45,460−100.0%Sold out
Driehaus Capital Management LLC0$00.00%−40,075−100.0%Sold out
Kayne Anderson Rudnick Investment Management LLC0$00.00%−37,801−100.0%Sold out
Northern Trust Corp0$00.00%−36,066−100.0%Sold out
Apis Capital Advisors, LLC0$00.00%−24,000−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−22,584−100.0%Sold out
Raiffeisen Bank International AG0$00.00%−18,400−100.0%Sold out
Envestnet Asset Management Inc0$00.00%−17,250−100.0%Sold out
UBS Asset Management Americas Inc0$00.00%−16,456−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−12,166−100.0%Sold out
Verde Servicos Internacionais S.A.0$00.00%−10,600−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−10,000−100.0%Sold out
Jain Global LLC0$00.00%−8,799−100.0%Sold out
HRT Financial LP0$00.00%−8,698−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−8,020−100.0%Sold out
MIG Capital, LLC0$00.00%−6,976−100.0%Sold out
Acuitas Investments, LLC0$00.00%−6,600−100.0%Sold out
Paragon Associates & Paragon Associates II Joint Venture0$00.00%−5,000−100.0%Sold out
Stifel Financial Corp0$00.00%−4,697−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−4,405−100.0%Sold out
Harvest Fund Management Co., Ltd0$00.00%−3,700−100.0%Sold out
CI Private Wealth, LLC0$00.00%−2,575−100.0%Sold out
Squarepoint Ops LLC0$00.00%−2,438−100.0%Sold out
R Squared Ltd0$00.00%−2,410−100.0%Sold out
Proficio Capital Partners LLC0$00.00%−2,266−100.0%Sold out
Ascent Group, LLC0$00.00%−2,255−100.0%Sold out
Sandia Investment Management LP0$00.00%−2,175−100.0%Sold out
Premier Fund Managers Ltd0$00.00%−2,088−100.0%Sold out
Quantbot Technologies LP0$00.00%−1,187−100.0%Sold out
Barclays PLC0$00.00%−771−100.0%Sold out
Carolinas Wealth Consulting LLC0$00.00%−700−100.0%Sold out