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 |
|---|---|---|---|---|---|
| Price T Rowe Associates Inc | 74,048 | $5.79M | 0.00% | −24,950−25.2% | Reduced |
| Pillsbury Lake Capital LLC | 81,123 | $6.34M | 2.58% | +81,123 | New |
| Truffle Hound Capital, LLC | 85,000 | $6.64M | 3.89% | 00.0% | Unchanged |
| Van Eck Associates Corp | 88,408 | $6.91M | 0.01% | −15,745−15.1% | Reduced |
| Crawford Fund Management, LLC | 89,769 | $7.01M | 2.25% | +32,104+55.7% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 90,434 | $7.07M | 0.04% | 00.0% | Unchanged |
| Lifetime Wealth Management P.C. | 110,000 | $8.59M | 5.40% | +110,000 | New |
| First Beijing Investment Ltd | 112,388 | $8.78M | 0.35% | +112,388 | New |
| Weiss Asset Management LP | 112,802 | $8.81M | 0.12% | −44,617−28.3% | Reduced |
| Harding Loevner LP | 123,009 | $9.61M | 0.08% | −31,793−20.5% | Reduced |
| Armor Advisors, L.L.C. | 131,080 | $10.2M | 10.72% | +15,200+13.1% | Added |
| ARK Investment Management LLCSuperinvestorARK Invest | 133,688 | $10.4M | 0.07% | −8,092−5.7% | Reduced |
| Voloridge Investment Management, LLC | 136,210 | $10.6M | 0.04% | +84,450+163.2% | Added |
| Fairtree Asset Management (Pty) Ltd | 154,534 | $12.1M | 5.56% | +41,940+37.2% | Added |
| Kayne Anderson Rudnick Investment Management LLC | 157,479 | $12.3M | 0.03% | +157,177+52,045.4% | Added |
| Public Employees Retirement System of Ohio | 167,125 | $13.1M | 0.04% | +23,500+16.4% | Added |
| Geode Capital Management, LLC | 167,346 | $13.1M | 0.00% | −454−0.3% | Reduced |
| SEI Investments Co | 169,201 | $13.2M | 0.01% | −7,794−4.4% | Reduced |
| Kora Management LP | 169,500 | $13.2M | 1.76% | +169,500 | New |
| Cape Ann Asset Management Ltd | 175,100 | $13.7M | 3.72% | +1,400+0.8% | Added |
| Dodge & Cox | 183,726 | $14.4M | 0.01% | +165,900+930.7% | Added |
| Russell Investments Group, Ltd. | 186,320 | $14.6M | 0.02% | +32,820+21.4% | Added |
| Gemsstock Limited | 188,262 | $14.7M | 2.14% | +1,600+0.9% | Added |
| Generali Investments CEE, investicni spolecnost, a.s. | 190,773 | $14.9M | 1.05% | +4,936+2.7% | Added |
| Franklin Resources Inc | 192,112 | $15.0M | 0.00% | 00.0% | Unchanged |
| State of New Jersey Common Pension Fund D | 197,147 | $15.4M | 0.06% | +80,346+68.8% | Added |
| Ninety One UK Ltd | 215,198 | $16.8M | 0.04% | +8,455+4.1% | Added |
| Carmignac Gestion | 228,970 | $17.9M | 0.24% | −21,617−8.6% | Reduced |
| Southeastern Asset Management IncSuperinvestorSoutheastern Asset Management (Longleaf) | 240,628 | $18.8M | 0.84% | +62,184+34.8% | Added |
| Mirabella Financial Services LLP | 247,500 | $19.3M | 1.86% | +30,156+13.9% | Added |
| WCM Investment Management, LLC | 248,086 | $19.6M | 0.04% | +47,210+23.5% | Added |
| Susquehanna International Group, LLP | 259,810 | $20.3M | 0.03% | +245,939+1,773.0% | Added |
| 683 Capital Management, LLC | 265,000 | $20.7M | 1.72% | +265,000 | New |
| HSBC Holdings PLC | 266,982 | $21.0M | 0.01% | −230,331−46.3% | Reduced |
| JPMorgan Chase & Co | 273,236 | $21.3M | 0.00% | −200,023−42.3% | Reduced |
| Bienville Capital Management, LLC | 277,635 | $21.7M | 3.45% | +54,648+24.5% | Added |
| Morgan Stanley | 285,138 | $22.3M | 0.00% | +92,229+47.8% | Added |
| TT International Asset Management LTD | 286,939 | $22.4M | 4.73% | +286,939 | New |
| Sumitomo Mitsui Trust Holdings, Inc. | 295,469 | $23.1M | 0.01% | −28,434−8.8% | Reduced |
| Nikko Asset Management Americas, Inc. | 295,469 | $23.1M | 0.27% | −28,434−8.8% | Reduced |
| Legal & General Group Plc | 305,654 | $23.9M | 0.01% | +33,294+12.2% | Added |
| Balyasny Asset Management LLC | 319,737 | $25.0M | 0.05% | +189,157+144.9% | Added |
| Deutsche Bank AG | 334,910 | $26.2M | 0.01% | +334,910 | New |
| Fiera Capital Corp | 335,178 | $26.2M | 0.08% | −58,564−14.9% | Reduced |
| Bank of America Corp | 345,588 | $27.0M | 0.00% | +1,464+0.4% | Added |
| Artisan Partners Limited Partnership | 352,994 | $27.6M | 0.04% | +65,801+22.9% | Added |
| Untitled Investments LP | 396,040 | $30.9M | 9.29% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 421,717 | $32.9M | 0.00% | +10,839+2.6% | Added |
| Brightlight Capital Management LP | 432,000 | $33.8M | 24.00% | 00.0% | Unchanged |
| Ranmore Fund Management Ltd | 452,558 | $35.4M | 6.07% | +452,558 | New |
| Mondrian Investment Partners LTD | 491,346 | $38.4M | 0.63% | +71,200+16.9% | Added |
| Arrowstreet Capital, Limited Partnership | 504,533 | $39.4M | 0.02% | −73,525−12.7% | Reduced |
| Brandes Investment Partners, LP | 558,071 | $43.6M | 0.33% | +150,339+36.9% | Added |
| Capital World Investors | 570,703 | $44.6M | 0.01% | +4,253+0.8% | Added |
| Standard Life Aberdeen plc | 621,339 | $48.5M | 0.08% | −158,307−20.3% | Reduced |
| Cat Rock Capital Management LP | 645,001 | $50.4M | 7.23% | 00.0% | Unchanged |
| Polar Capital Holdings Plc | 647,217 | $50.6M | 0.23% | +60,462+10.3% | Added |
| Greenvale Capital LLP | 650,000 | $50.8M | 4.76% | −330,000−33.7% | Reduced |
| BlackRock, Inc. | 673,214 | $52.6M | 0.00% | −207,092−23.5% | Reduced |
| Wellington Management Group LLP | 680,216 | $53.1M | 0.01% | −62,431−8.4% | Reduced |
| Coronation Fund Managers Ltd. | 990,623 | $77.4M | 3.47% | +167,328+20.3% | Added |
| BIT Capital GmbH | 1,014,104 | $79.2M | 3.45% | +134,068+15.2% | Added |
| Samlyn Capital, LLC | 1,059,191 | $82.8M | 1.32% | −128,819−10.8% | Reduced |
| VR Advisory Services Ltd | 1,077,369 | $84.2M | 13.32% | 00.0% | Unchanged |
| Ameriprise Financial Inc | 1,164,007 | $90.9M | 0.02% | +294,806+33.9% | Added |
| Southpoint Capital Advisors LP | 1,500,000 | $117.2M | 2.72% | +250,000+20.0% | Added |
| Schroder Investment Management Group | 1,503,898 | $117.5M | 0.09% | +57,550+4.0% | Added |
| FMR LLC | 1,648,462 | $128.8M | 0.01% | −29,420−1.8% | Reduced |
| Sands Capital Management, LLC | 1,948,761 | $152.3M | 0.46% | +304,521+18.5% | Added |
| Pzena Investment Management LLC | 2,705,734 | $211.4M | 0.63% | +973,586+56.2% | Added |
| FIL Ltd | 3,026,992 | $236.5M | 0.18% | −766,155−20.2% | Reduced |
| Baillie Gifford & Co | 4,673,083 | $365.1M | 0.30% | −112,902−2.4% | Reduced |
| Brehaut David Pascal | 12,257,305 | $957.7M | 100.00% | +12,257,305 | New |
| Baring Fintech Fund III Managers Ltd | 13,870,945 | $1.08B | 100.00% | −551,327−3.8% | Reduced |
| Baring Fintech Manager Holding Ltd | 18,051,851 | $1.41B | 100.00% | 00.0% | Unchanged |
| GQG Partners LLC | 0 | $0 | 0.00% | −1,107,143−100.0% | Sold out |
| Alliancebernstein L.P. | 0 | $0 | 0.00% | −377,239−100.0% | Sold out |
| Luxor Capital Group, LP | 0 | $0 | 0.00% | −212,479−100.0% | Sold out |
| Philosophy Capital Management LLC | 0 | $0 | 0.00% | −143,704−100.0% | Sold out |
| UBS Oconnor LLC | 0 | $0 | 0.00% | −113,903−100.0% | Sold out |
| Cannell Capital LLC | 0 | $0 | 0.00% | −108,799−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −45,171−100.0% | Sold out |
| Prelude Capital Management, LLC | 0 | $0 | 0.00% | −38,161−100.0% | Sold out |
| Point72 Asset Management, L.P. | 0 | $0 | 0.00% | −37,000−100.0% | Sold out |
| Verition Fund Management LLC | 0 | $0 | 0.00% | −35,410−100.0% | Sold out |
| Burkehill Global Management, LP | 0 | $0 | 0.00% | −35,000−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −29,073−100.0% | Sold out |
| D. E. Shaw & Co., Inc. | 0 | $0 | 0.00% | −25,440−100.0% | Sold out |
| Capital International Investors | 0 | $0 | 0.00% | −21,812−100.0% | Sold out |
| Flossbach Von Storch AG | 0 | $0 | 0.00% | −21,500−100.0% | Sold out |
| UBS Asset Management Americas Inc | 0 | $0 | 0.00% | −16,456−100.0% | Sold out |
| Driehaus Capital Management LLC | 0 | $0 | 0.00% | −15,190−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −14,108−100.0% | Sold out |
| Cantor Fitzgerald, L. P. | 0 | $0 | 0.00% | −12,213−100.0% | Sold out |
| FourWorld Capital Management LLC | 0 | $0 | 0.00% | −10,000−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −8,964−100.0% | Sold out |
| Steamboat Capital Partners, LLC | 0 | $0 | 0.00% | −8,488−100.0% | Sold out |
| Dynamic Technology Lab Private Ltd | 0 | $0 | 0.00% | −8,260−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −7,619−100.0% | Sold out |
| First Trust Advisors LP | 0 | $0 | 0.00% | −7,495−100.0% | Sold out |