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 |
|---|---|---|---|---|---|
| Rockefeller Capital Management L.P. | 4 | $332 | 0.00% | −23−85.2% | Reduced |
| NBC Securities, Inc. | 8 | $625 | 0.00% | +2+33.3% | Added |
| Private Trust Co NA | 16 | $1.25K | 0.00% | −2−11.1% | Reduced |
| EverSource Wealth Advisors, LLC | 18 | $1.41K | 0.00% | −25−58.1% | Reduced |
| Ramirez Asset Management, Inc. | 25 | $1.95K | 0.00% | +25 | New |
| Crewe Advisors LLC | 25 | $1.95K | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 32 | $2.54K | 0.00% | +32 | New |
| Jones Financial Companies LLLP | 35 | $2.73K | 0.00% | −40−53.3% | Reduced |
| Triumph Capital Management | 50 | $3.91K | 0.00% | +50 | New |
| Advisor Group Holdings, Inc. | 74 | $5.78K | 0.00% | −69−48.3% | Reduced |
| Farther Finance Advisors, LLC | 107 | $8.36K | 0.00% | +107 | New |
| The PNC Financial Services Group, Inc. | 134 | $10.5K | 0.00% | +13+10.7% | Added |
| Wells Fargo & Company | 191 | $14.9K | 0.00% | +7+3.8% | Added |
| Umb Bank N A | 237 | $18.5K | 0.00% | −33−12.2% | Reduced |
| National Bank of Canada | 379 | $29.6K | 0.00% | +311+457.4% | Added |
| Group One Trading, L.P. | 495 | $38.7K | 0.00% | +495 | New |
| Tower Research Capital LLC (TRC) | 646 | $50.5K | 0.00% | +545+539.6% | Added |
| Leonteq Securities AG | 700 | $54.7K | 0.00% | +700 | New |
| Asset Management One Co.,Ltd. | 1,077 | $85.2K | 0.00% | −359−25.0% | Reduced |
| Caitong International Asset Management Co., Ltd | 1,141 | $89.1K | 0.02% | +727+175.6% | Added |
| Ronald Blue Trust, Inc. | 1,291 | $100.9K | 0.00% | +1,291 | New |
| Global Retirement Partners, LLC | 1,390 | $108.6K | 0.00% | +1,368+6,218.2% | Added |
| Hantz Financial Services, Inc. | 1,678 | $131.0K | 0.00% | +884+111.3% | Added |
| Barclays PLC | 1,810 | $141.4K | 0.00% | +1,010+126.3% | Added |
| Natixis | 1,838 | $145.4K | 0.00% | 00.0% | Unchanged |
| State of Wyoming | 2,488 | $196.5K | 0.02% | +1,424+133.8% | Added |
| Envestnet Asset Management Inc | 2,582 | $201.7K | 0.00% | −14−0.5% | Reduced |
| Mariner, LLC | 2,602 | $203.3K | 0.00% | −4,688−64.3% | Reduced |
| Pensionmark Financial Group, LLC | 2,684 | $209.7K | 0.00% | +2,684 | New |
| Matthews International Capital Management LLC | 2,762 | $215.8K | 0.07% | −72−2.5% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 2,805 | $217.5K | 0.00% | +783+38.7% | Added |
| Simplex Trading, LLC | 3,604 | $281.6K | 0.01% | +1,177+48.5% | Added |
| LPL Financial LLC | 3,722 | $290.8K | 0.00% | +737+24.7% | Added |
| Advisory Services Network, LLC | 3,787 | $295.9K | 0.00% | +502+15.3% | Added |
| Patriot Financial Group Insurance Agency, LLC | 3,897 | $304.5K | 0.04% | +3,897 | New |
| SG Americas Securities, LLC | 3,916 | $306.0K | 0.00% | +3,916 | New |
| Ruane, Cunniff & Goldfarb L.P. | 4,112 | $321.3K | 0.01% | +400+10.8% | Added |
| Athena Wealth Management, LLC | 4,458 | $348.3K | 0.34% | +4,458 | New |
| Nomura Holdings Inc | 4,510 | $352.4K | 0.00% | +4,510 | New |
| Citigroup Inc | 4,575 | $357.4K | 0.00% | +3,519+333.2% | Added |
| Pavaki Capital Management LLC | 4,700 | $367.2K | 0.26% | +4,700 | New |
| Neuberger Berman Group LLC | 4,886 | $381.7K | 0.00% | +755+18.3% | Added |
| Cresset Asset Management, LLC | 4,933 | $385.4K | 0.00% | +4,933 | New |
| Commerce Bank | 5,677 | $443.5K | 0.00% | 00.0% | Unchanged |
| Global Endowment Management, LP | 6,091 | $476.0K | 0.06% | +761+14.3% | Added |
| Point Nemo Capital, LLC | 7,066 | $552.1K | 0.55% | +7,066 | New |
| Vident Advisory, LLC | 7,193 | $562.0K | 0.01% | +7,193 | New |
| LSV Asset Management | 7,500 | $586.0K | 0.00% | 00.0% | Unchanged |
| Acadian Asset Management LLC | 7,730 | $603.0K | 0.00% | −12,646−62.1% | Reduced |
| E. Ohman J:or Asset Management AB | 8,416 | $657.5K | 0.02% | +903+12.0% | Added |
| Gordian Capital Singapore Pte Ltd | 9,000 | $703.2K | 0.98% | 00.0% | Unchanged |
| Royal Bank of Canada | 9,112 | $711.0K | 0.00% | +1,108+13.8% | Added |
| Abn Amro Investment Solutions | 9,446 | $738.0K | 0.01% | −21,888−69.9% | Reduced |
| Marshall Wace, LLP | 10,070 | $786.8K | 0.00% | −21,676−68.3% | Reduced |
| Amitell Capital Pte Ltd | 11,241 | $878.3K | 0.98% | +11,241 | New |
| Antipodes Partners Ltd | 12,955 | $1.01M | 0.02% | +3,029+30.5% | Added |
| Ariel Investments, LLC | 13,172 | $1.03M | 0.01% | +909+7.4% | Added |
| Kerrisdale Advisers, LLC | 13,665 | $1.07M | 0.50% | 00.0% | Unchanged |
| Eschler Asset Management LLP | 13,975 | $1.09M | 0.74% | +6,575+88.9% | Added |
| Virtu Financial LLC | 14,153 | $1.11M | 0.04% | −9,700−40.7% | Reduced |
| GAM Holding AG | 15,000 | $1.17M | 0.07% | 00.0% | Unchanged |
| Militia Capital Partners, LP | 15,000 | $1.17M | 0.44% | +15,000 | New |
| Boothbay Fund Management, LLC | 15,371 | $1.20M | 0.03% | −30−0.2% | Reduced |
| Capricorn Fund Managers Ltd | 17,000 | $1.33M | 0.32% | 00.0% | Unchanged |
| Headlands Technologies LLC | 17,209 | $1.34M | 0.11% | +8,816+105.0% | Added |
| Federation des caisses Desjardins du Quebec | 17,799 | $1.39M | 0.01% | −143−0.8% | Reduced |
| North of South Capital LLP | 18,237 | $1.42M | 0.13% | +18,237 | New |
| Engineers Gate Manager LP | 20,072 | $1.57M | 0.02% | −7,241−26.5% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 19,596 | $1.63M | 0.00% | +6,351+48.0% | Added |
| State Street Corp | 21,578 | $1.69M | 0.00% | +7,395+52.1% | Added |
| M&T Bank Corp | 23,115 | $1.81M | 0.01% | +23,115 | New |
| Hood River Capital Management LLC | 24,258 | $1.90M | 0.02% | −64,110−72.5% | Reduced |
| Main Management ETF Advisors, LLC | 25,056 | $1.96M | 0.07% | +256+1.0% | Added |
| Massar Capital Management, LP | 25,360 | $1.98M | 0.39% | 00.0% | Unchanged |
| Eurizon Capital SGR S.p.A. | 26,558 | $2.07M | 0.01% | +26,558 | New |
| Jane Street Group, LLC | 29,030 | $2.27M | 0.00% | −501,701−94.5% | Reduced |
| Dumac, Inc. | 31,510 | $2.46M | 0.38% | +31,510 | New |
| Millennium Management LLC | 32,110 | $2.51M | 0.00% | −36,524−53.2% | Reduced |
| Wexford Capital LP | 32,771 | $2.56M | 0.66% | +1,811+5.8% | Added |
| Toroso Investments, LLC | 33,617 | $2.63M | 0.01% | −7,787−18.8% | Reduced |
| Baader Bank INC | 40,273 | $3.13M | 0.26% | +26+0.1% | Added |
| Flax Pond Capital, LLC | 40,624 | $3.17M | 2.36% | +40,624 | New |
| Evergreen Wealth Management, LLC | 42,392 | $3.31M | 1.67% | +1,789+4.4% | Added |
| Nomura Asset Management International Inc. | 43,566 | $3.40M | 0.01% | +43,566 | New |
| Norwood Investment Partners, LP | 47,746 | $3.73M | 4.20% | −57,358−54.6% | Reduced |
| Pictet Asset Management Holding SA | 47,808 | $3.74M | 0.00% | −1,988−4.0% | Reduced |
| ABS Direct Equity Fund LLC | 48,685 | $3.80M | 4.53% | +14,402+42.0% | Added |
| Jump Financial, LLC | 48,814 | $3.81M | 0.05% | −53,728−52.4% | Reduced |
| Carrhae Capital LLP | 50,668 | $3.96M | 0.26% | +50,668 | New |
| Amundi | 51,509 | $4.02M | 0.00% | −4,369−7.8% | Reduced |
| Hyperion Capital Advisors LP | 55,810 | $4.36M | 2.13% | +41,250+283.3% | Added |
| Renaissance Capital LLC | 56,225 | $4.39M | 3.17% | −33,525−37.4% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 57,718 | $4.51M | 0.10% | +45,162+359.7% | Added |
| Itau Unibanco Holding S.A. | 59,441 | $4.70M | 0.12% | −14,020−19.1% | Reduced |
| BNP Paribas Arbitrage, SA | 60,644 | $4.74M | 0.00% | +23,794+64.6% | Added |
| Bank of Montreal | 61,486 | $4.86M | 0.00% | +61,486 | New |
| Robeco Institutional Asset Management B.V. | 65,000 | $5.08M | 0.01% | 00.0% | Unchanged |
| UBS Group AG | 65,737 | $5.14M | 0.00% | +43,220+191.9% | Added |
| Exchange Traded Concepts, LLC | 71,855 | $5.61M | 0.05% | −36,063−33.4% | Reduced |
| Mawer Investment Management Ltd. | 72,791 | $5.69M | 0.03% | −713,183−90.7% | Reduced |