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, Q4 2025
Institutional positions in Joint Stock Co Kaspi.kz as of Dec 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
- 175
- −7 vs. Q3 2025
- Shares held
- 85.4M
- +11.4M (+15.4%) vs. Q3 2025
- Total value
- $6.67B
- +$626.1M (+10.4%) vs. Q3 2025
- New holders
- 35
- 70 more added
- Sold out
- 42
- 52 more reduced
3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 205 | $7.25B |
| Q1 2026 | 167 | $6.27B |
| Q4 2025 | 175 | $6.67B |
| Q3 2025 | 185 | $6.05B |
| Q2 2025 | 162 | $6.38B |
| Q1 2025 | 192 | $8.25B |
| Q4 2024 | 175 | $8.47B |
| Q3 2024 | 170 | $4.52B |
| Q2 2024 | 154 | $5.55B |
| Q1 2024 | 126 | $5.02B |
| Q4 2023 | 1 | $15.8M |
| Q3 2023 | 1 | $16.9M |
| Q2 2023 | 2 | $33.9M |
| Q1 2023 | 2 | $31.3M |
| Q4 2022 | 2 | $19.0M |
| Q3 2022 | 2 | $22.4M |
| Q2 2022 | 2 | $16.5M |
| Q1 2022 | 2 | $17.0M |
| Q4 2021 | 2 | $40.5M |
| Q3 2021 | 2 | $34.3M |
| Q2 2021 | 2 | $37.1M |
| Q1 2021 | 2 | $16.0M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baring Fintech Manager Holding Ltd | 18,051,851 | $1.41B | 100.00% | 00.0% | Unchanged |
| Baring Fintech Fund III Managers Ltd | 13,870,945 | $1.08B | 100.00% | −551,327−3.8% | Reduced |
| Brehaut David Pascal | 12,257,305 | $957.7M | 100.00% | +12,257,305 | New |
| Baillie Gifford & Co | 4,673,083 | $365.1M | 0.30% | −112,902−2.4% | Reduced |
| FIL Ltd | 3,026,992 | $236.5M | 0.18% | −766,155−20.2% | Reduced |
| Pzena Investment Management LLC | 2,705,734 | $211.4M | 0.63% | +973,586+56.2% | Added |
| Sands Capital Management, LLC | 1,948,761 | $152.3M | 0.46% | +304,521+18.5% | Added |
| FMR LLC | 1,648,462 | $128.8M | 0.01% | −29,420−1.8% | Reduced |
| Schroder Investment Management Group | 1,503,898 | $117.5M | 0.09% | +57,550+4.0% | Added |
| Southpoint Capital Advisors LP | 1,500,000 | $117.2M | 2.72% | +250,000+20.0% | Added |
| Ameriprise Financial Inc | 1,164,007 | $90.9M | 0.02% | +294,806+33.9% | Added |
| VR Advisory Services Ltd | 1,077,369 | $84.2M | 13.32% | 00.0% | Unchanged |
| Samlyn Capital, LLC | 1,059,191 | $82.8M | 1.32% | −128,819−10.8% | Reduced |
| BIT Capital GmbH | 1,014,104 | $79.2M | 3.45% | +134,068+15.2% | Added |
| Coronation Fund Managers Ltd. | 990,623 | $77.4M | 3.47% | +167,328+20.3% | Added |
| Wellington Management Group LLP | 680,216 | $53.1M | 0.01% | −62,431−8.4% | Reduced |
| BlackRock, Inc. | 673,214 | $52.6M | 0.00% | −207,092−23.5% | Reduced |
| Greenvale Capital LLP | 650,000 | $50.8M | 4.76% | −330,000−33.7% | Reduced |
| Polar Capital Holdings Plc | 647,217 | $50.6M | 0.23% | +60,462+10.3% | Added |
| Cat Rock Capital Management LP | 645,001 | $50.4M | 7.23% | 00.0% | Unchanged |
| Standard Life Aberdeen plc | 621,339 | $48.5M | 0.08% | −158,307−20.3% | Reduced |
| Capital World Investors | 570,703 | $44.6M | 0.01% | +4,253+0.8% | Added |
| Brandes Investment Partners, LP | 558,071 | $43.6M | 0.33% | +150,339+36.9% | Added |
| Arrowstreet Capital, Limited Partnership | 504,533 | $39.4M | 0.02% | −73,525−12.7% | Reduced |
| Mondrian Investment Partners LTD | 491,346 | $38.4M | 0.63% | +71,200+16.9% | Added |
| Ranmore Fund Management Ltd | 452,558 | $35.4M | 6.07% | +452,558 | New |
| Brightlight Capital Management LP | 432,000 | $33.8M | 24.00% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 421,717 | $32.9M | 0.00% | +10,839+2.6% | Added |
| Untitled Investments LP | 396,040 | $30.9M | 9.29% | 00.0% | Unchanged |
| Artisan Partners Limited Partnership | 352,994 | $27.6M | 0.04% | +65,801+22.9% | Added |
| Bank of America Corp | 345,588 | $27.0M | 0.00% | +1,464+0.4% | Added |
| Fiera Capital Corp | 335,178 | $26.2M | 0.08% | −58,564−14.9% | Reduced |
| Deutsche Bank AG | 334,910 | $26.2M | 0.01% | +334,910 | New |
| Balyasny Asset Management LLC | 319,737 | $25.0M | 0.05% | +189,157+144.9% | Added |
| Legal & General Group Plc | 305,654 | $23.9M | 0.01% | +33,294+12.2% | Added |
| Nikko Asset Management Americas, Inc. | 295,469 | $23.1M | 0.27% | −28,434−8.8% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 295,469 | $23.1M | 0.01% | −28,434−8.8% | Reduced |
| TT International Asset Management LTD | 286,939 | $22.4M | 4.73% | +286,939 | New |
| Morgan Stanley | 285,138 | $22.3M | 0.00% | +92,229+47.8% | Added |
| Bienville Capital Management, LLC | 277,635 | $21.7M | 3.45% | +54,648+24.5% | Added |
| JPMorgan Chase & Co | 273,236 | $21.3M | 0.00% | −200,023−42.3% | Reduced |
| HSBC Holdings PLC | 266,982 | $21.0M | 0.01% | −230,331−46.3% | Reduced |
| 683 Capital Management, LLC | 265,000 | $20.7M | 1.72% | +265,000 | New |
| Susquehanna International Group, LLP | 259,810 | $20.3M | 0.03% | +245,939+1,773.0% | Added |
| WCM Investment Management, LLC | 248,086 | $19.6M | 0.04% | +47,210+23.5% | Added |
| Mirabella Financial Services LLP | 247,500 | $19.3M | 1.86% | +30,156+13.9% | Added |
| Southeastern Asset Management IncSuperinvestorSoutheastern Asset Management (Longleaf) | 240,628 | $18.8M | 0.84% | +62,184+34.8% | Added |
| Carmignac Gestion | 228,970 | $17.9M | 0.24% | −21,617−8.6% | Reduced |
| Ninety One UK Ltd | 215,198 | $16.8M | 0.04% | +8,455+4.1% | Added |
| State of New Jersey Common Pension Fund D | 197,147 | $15.4M | 0.06% | +80,346+68.8% | Added |
| Franklin Resources Inc | 192,112 | $15.0M | 0.00% | 00.0% | Unchanged |
| Generali Investments CEE, investicni spolecnost, a.s. | 190,773 | $14.9M | 1.05% | +4,936+2.7% | Added |
| Gemsstock Limited | 188,262 | $14.7M | 2.14% | +1,600+0.9% | Added |
| Russell Investments Group, Ltd. | 186,320 | $14.6M | 0.02% | +32,820+21.4% | Added |
| Dodge & Cox | 183,726 | $14.4M | 0.01% | +165,900+930.7% | Added |
| Cape Ann Asset Management Ltd | 175,100 | $13.7M | 3.72% | +1,400+0.8% | Added |
| Kora Management LP | 169,500 | $13.2M | 1.76% | +169,500 | New |
| SEI Investments Co | 169,201 | $13.2M | 0.01% | −7,794−4.4% | Reduced |
| Geode Capital Management, LLC | 167,346 | $13.1M | 0.00% | −454−0.3% | Reduced |
| Public Employees Retirement System of Ohio | 167,125 | $13.1M | 0.04% | +23,500+16.4% | Added |
| Kayne Anderson Rudnick Investment Management LLC | 157,479 | $12.3M | 0.03% | +157,177+52,045.4% | Added |
| Fairtree Asset Management (Pty) Ltd | 154,534 | $12.1M | 5.56% | +41,940+37.2% | Added |
| Voloridge Investment Management, LLC | 136,210 | $10.6M | 0.04% | +84,450+163.2% | Added |
| ARK Investment Management LLCSuperinvestorARK Invest | 133,688 | $10.4M | 0.07% | −8,092−5.7% | Reduced |
| Armor Advisors, L.L.C. | 131,080 | $10.2M | 10.72% | +15,200+13.1% | Added |
| Harding Loevner LP | 123,009 | $9.61M | 0.08% | −31,793−20.5% | Reduced |
| Weiss Asset Management LP | 112,802 | $8.81M | 0.12% | −44,617−28.3% | Reduced |
| First Beijing Investment Ltd | 112,388 | $8.78M | 0.35% | +112,388 | New |
| Lifetime Wealth Management P.C. | 110,000 | $8.59M | 5.40% | +110,000 | New |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 90,434 | $7.07M | 0.04% | 00.0% | Unchanged |
| Crawford Fund Management, LLC | 89,769 | $7.01M | 2.25% | +32,104+55.7% | Added |
| Van Eck Associates Corp | 88,408 | $6.91M | 0.01% | −15,745−15.1% | Reduced |
| Truffle Hound Capital, LLC | 85,000 | $6.64M | 3.89% | 00.0% | Unchanged |
| Pillsbury Lake Capital LLC | 81,123 | $6.34M | 2.58% | +81,123 | New |
| Price T Rowe Associates Inc | 74,048 | $5.79M | 0.00% | −24,950−25.2% | Reduced |
| Mawer Investment Management Ltd. | 72,791 | $5.69M | 0.03% | −713,183−90.7% | Reduced |
| Exchange Traded Concepts, LLC | 71,855 | $5.61M | 0.05% | −36,063−33.4% | Reduced |
| UBS Group AG | 65,737 | $5.14M | 0.00% | +43,220+191.9% | Added |
| Robeco Institutional Asset Management B.V. | 65,000 | $5.08M | 0.01% | 00.0% | Unchanged |
| Bank of Montreal | 61,486 | $4.86M | 0.00% | +61,486 | New |
| BNP Paribas Arbitrage, SA | 60,644 | $4.74M | 0.00% | +23,794+64.6% | Added |
| Itau Unibanco Holding S.A. | 59,441 | $4.70M | 0.12% | −14,020−19.1% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 57,718 | $4.51M | 0.10% | +45,162+359.7% | Added |
| Renaissance Capital LLC | 56,225 | $4.39M | 3.17% | −33,525−37.4% | Reduced |
| Hyperion Capital Advisors LP | 55,810 | $4.36M | 2.13% | +41,250+283.3% | Added |
| Amundi | 51,509 | $4.02M | 0.00% | −4,369−7.8% | Reduced |
| Carrhae Capital LLP | 50,668 | $3.96M | 0.26% | +50,668 | New |
| Jump Financial, LLC | 48,814 | $3.81M | 0.05% | −53,728−52.4% | Reduced |
| ABS Direct Equity Fund LLC | 48,685 | $3.80M | 4.53% | +14,402+42.0% | Added |
| Pictet Asset Management Holding SA | 47,808 | $3.74M | 0.00% | −1,988−4.0% | Reduced |
| Norwood Investment Partners, LP | 47,746 | $3.73M | 4.20% | −57,358−54.6% | Reduced |
| Nomura Asset Management International Inc. | 43,566 | $3.40M | 0.01% | +43,566 | New |
| Evergreen Wealth Management, LLC | 42,392 | $3.31M | 1.67% | +1,789+4.4% | Added |
| Flax Pond Capital, LLC | 40,624 | $3.17M | 2.36% | +40,624 | New |
| Baader Bank INC | 40,273 | $3.13M | 0.26% | +26+0.1% | Added |
| Toroso Investments, LLC | 33,617 | $2.63M | 0.01% | −7,787−18.8% | Reduced |
| Wexford Capital LP | 32,771 | $2.56M | 0.66% | +1,811+5.8% | Added |
| Millennium Management LLC | 32,110 | $2.51M | 0.00% | −36,524−53.2% | Reduced |
| Dumac, Inc. | 31,510 | $2.46M | 0.38% | +31,510 | New |
| Jane Street Group, LLC | 29,030 | $2.27M | 0.00% | −501,701−94.5% | Reduced |