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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, Q3 2025

Institutional positions in Joint Stock Co Kaspi.kz as of Sep 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
185
+24 vs. Q2 2025
Shares held
74.0M
−1.05M (−1.4%) vs. Q2 2025
Total value
$6.05B
−$327.5M (−5.1%) vs. Q2 2025
New holders
44
74 more added
Sold out
20
50 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 185 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 heldQ3 2025: $6.05B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q2 2025.

Institutions holding KSPI in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
GAMMA Investing LLC3$2450.00%−1−25.0%Reduced
Larson Financial Group LLC5$4080.00%−19−79.2%Reduced
NBC Securities, Inc.6$4900.00%+6New
Private Trust Co NA18$1.47K0.00%+18New
Global Retirement Partners, LLC22$1.80K0.00%+22New
Crewe Advisors LLC25$2.04K0.00%+25New
Rockefeller Capital Management L.P.27$2.23K0.00%+27New
EverSource Wealth Advisors, LLC43$3.51K0.00%−55−56.1%Reduced
National Bank of Canada68$5.55K0.00%+68New
Jones Financial Companies LLLP75$6.30K0.00%−40−34.8%Reduced
Tower Research Capital LLC (TRC)101$8.25K0.00%−99−49.5%Reduced
The PNC Financial Services Group, Inc.121$9.88K0.00%+121New
Advisor Group Holdings, Inc.143$11.8K0.00%+22+18.2%Added
Wells Fargo & Company184$15.1K0.00%+25+15.7%Added
Umb Bank N A270$22.1K0.00%+19+7.6%Added
Kayne Anderson Rudnick Investment Management LLC302$24.7K0.00%+302New
Caitong International Asset Management Co., Ltd414$33.8K0.02%+246+146.4%Added
Hantz Financial Services, Inc.794$65.0K0.00%+524+194.1%Added
Barclays PLC800$65.3K0.00%+800New
Mirae Asset Global Investments Co., Ltd.874$71.4K0.00%+874New
Citigroup Inc1,056$86.3K0.00%+141+15.4%Added
State of Wyoming1,064$86.8K0.01%+384+56.5%Added
Asset Management One Co.,Ltd.1,436$117.3K0.00%+52+3.8%Added
Natixis1,838$150.3K0.00%00.0%Unchanged
Toronto Dominion Bank1,972$161.1K0.00%00.0%Unchanged
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.2,022$165.2K0.00%+69+3.5%Added
Sandia Investment Management LP2,175$177.7K0.53%+2,175New
Simplex Trading, LLC2,427$198.0K0.00%+1,428+142.9%Added
Envestnet Asset Management Inc2,596$212.0K0.00%+2,596New
R Squared Ltd2,668$217.9K0.09%+2,668New
Aigen Investment Management, LP2,730$223.0K0.03%−1,044−27.7%Reduced
Matthews International Capital Management LLC2,834$231.5K0.05%−22,107−88.6%Reduced
LPL Financial LLC2,985$243.8K0.00%+2,985New
Pitcairn Co3,272$267.3K0.02%−1,322−28.8%Reduced
Advisory Services Network, LLC3,285$268.3K0.00%−377−10.3%Reduced
Ruane, Cunniff & Goldfarb L.P.3,712$303.2K0.01%+3,712New
Squarepoint Ops LLC4,047$330.6K0.00%+4,047New
Neuberger Berman Group LLC4,131$337.4K0.00%+252+6.5%Added
Ingalls & Snyder LLC4,164$340.0K0.01%00.0%Unchanged
Yorktown Management & Research Co Inc4,550$371.6K0.30%+4,550New
Cullen Capital Management LLC4,641$379.1K0.00%−27,205−85.4%Reduced
Point72 Hong Kong Ltd4,800$392.1K0.02%+4,800New
Global Endowment Management, LP5,330$435.4K0.05%+1,538+40.6%Added
CI Private Wealth, LLC5,652$461.6K0.00%+5,652New
Commerce Bank5,677$463.7K0.00%00.0%Unchanged
Corsair Capital Management, L.P.6,000$490.1K0.09%+6,000New
Federated Hermes, Inc.6,345$518.3K0.00%00.0%Unchanged
Citadel Advisors LLC6,879$561.9K0.00%−21,019−75.3%Reduced
Lansforsakringar Fondforvaltning AB (publ)6,992$571.1K0.00%+6,992New
Wolverine Trading, LLC7,219$590.7K0.01%+7,219New
Mariner, LLC7,290$595.5K0.00%−467−6.0%Reduced
Eschler Asset Management LLP7,400$604.4K0.45%00.0%Unchanged
First Trust Advisors LP7,495$612.2K0.00%+3,548+89.9%Added
LSV Asset Management7,500$613.0K0.00%+2,500+50.0%Added
E. Ohman J:or Asset Management AB7,513$613.7K0.01%+610+8.8%Added
HRT Financial LP7,619$622.0K0.00%+7,619New
Royal Bank of Canada8,004$654.0K0.00%+7,040+730.3%Added
Dynamic Technology Lab Private Ltd8,260$675.0K0.11%+8,260New
Headlands Technologies LLC8,393$685.5K0.05%+8,393New
Steamboat Capital Partners, LLC8,488$693.3K0.18%−472−5.3%Reduced
Quadrature Capital Ltd8,964$732.2K0.01%+697+8.4%Added
Gordian Capital Singapore Pte Ltd9,000$735.1K0.99%00.0%Unchanged
Antipodes Partners Ltd9,926$810.8K0.02%+9,926New
FourWorld Capital Management LLC10,000$816.8K1.98%00.0%Unchanged
Cantor Fitzgerald, L. P.12,213$997.6K0.02%+8,213+205.3%Added
Ariel Investments, LLC12,263$1.00M0.01%+1,254+11.4%Added
Wealth Enhancement Advisory Services, LLC13,245$1.02M0.00%+7,970+151.1%Added
Y-Intercept (Hong Kong) Ltd12,556$1.03M0.02%+9,384+295.8%Added
Kerrisdale Advisers, LLC13,665$1.12M0.58%+2,615+23.7%Added
Susquehanna International Group, LLP13,871$1.13M0.00%+13,871New
Aquatic Capital Management LLC14,108$1.15M0.02%+14,108New
State Street Corp14,183$1.16M0.00%−210−1.5%Reduced
Hyperion Capital Advisors LP14,560$1.19M0.64%+3,400+30.5%Added
GAM Holding AG15,000$1.23M0.08%+15,000New
Driehaus Capital Management LLC15,190$1.24M0.01%+15,190New
Boothbay Fund Management, LLC15,401$1.26M0.03%+15,401New
UBS Asset Management Americas Inc16,456$1.34M0.00%+16,456New
Capricorn Fund Managers Ltd17,000$1.39M0.47%00.0%Unchanged
Dodge & Cox17,826$1.46M0.00%+10,000+127.8%Added
Cubist Systematic Strategies, LLC17,912$1.46M0.02%+17,912New
Federation des caisses Desjardins du Quebec17,942$1.47M0.01%+4,788+36.4%Added
Acadian Asset Management LLC20,376$1.66M0.00%−2,843−12.2%Reduced
Flossbach Von Storch AG21,500$1.76M0.01%00.0%Unchanged
Capital International Investors21,812$1.78M0.00%+21,812New
UBS Group AG22,517$1.84M0.00%+3,507+18.4%Added
Virtu Financial LLC23,853$1.95M0.11%+8,909+59.6%Added
Main Management ETF Advisors, LLC24,800$2.03M0.08%+15,271+160.3%Added
Massar Capital Management, LP25,360$2.07M0.74%+25,360New
D. E. Shaw & Co., Inc.25,440$2.08M0.00%+12,098+90.7%Added
Engineers Gate Manager LP27,313$2.23M0.03%+17,628+182.0%Added
Qube Research & Technologies Ltd29,073$2.37M0.00%−1,240−4.1%Reduced
Wexford Capital LP30,960$2.53M0.76%+22,059+247.8%Added
Abn Amro Investment Solutions31,334$2.56M0.05%−742−2.3%Reduced
Marshall Wace, LLP31,746$2.59M0.00%+31,746New
ABS Direct Equity Fund LLC34,283$2.80M4.00%+4,570+15.4%Added
Burkehill Global Management, LP35,000$2.86M0.16%+35,000New
Verition Fund Management LLC35,410$2.89M0.02%+35,410New
BNP Paribas Arbitrage, SA36,850$3.01M0.00%+18,103+96.6%Added
Point72 Asset Management, L.P.37,000$3.02M0.01%+37,000New
Prelude Capital Management, LLC38,161$3.12M0.24%+11,448+42.9%Added