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 |
|---|---|---|---|---|---|
| Eurizon Capital SGR S.p.A. | 26,558 | $2.07M | 0.01% | +26,558 | New |
| Massar Capital Management, LP | 25,360 | $1.98M | 0.39% | 00.0% | Unchanged |
| Main Management ETF Advisors, LLC | 25,056 | $1.96M | 0.07% | +256+1.0% | Added |
| Hood River Capital Management LLC | 24,258 | $1.90M | 0.02% | −64,110−72.5% | Reduced |
| M&T Bank Corp | 23,115 | $1.81M | 0.01% | +23,115 | New |
| State Street Corp | 21,578 | $1.69M | 0.00% | +7,395+52.1% | Added |
| Wealth Enhancement Advisory Services, LLC | 19,596 | $1.63M | 0.00% | +6,351+48.0% | Added |
| Engineers Gate Manager LP | 20,072 | $1.57M | 0.02% | −7,241−26.5% | Reduced |
| North of South Capital LLP | 18,237 | $1.42M | 0.13% | +18,237 | New |
| Federation des caisses Desjardins du Quebec | 17,799 | $1.39M | 0.01% | −143−0.8% | Reduced |
| Headlands Technologies LLC | 17,209 | $1.34M | 0.11% | +8,816+105.0% | Added |
| Capricorn Fund Managers Ltd | 17,000 | $1.33M | 0.32% | 00.0% | Unchanged |
| Boothbay Fund Management, LLC | 15,371 | $1.20M | 0.03% | −30−0.2% | 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 |
| Virtu Financial LLC | 14,153 | $1.11M | 0.04% | −9,700−40.7% | Reduced |
| Eschler Asset Management LLP | 13,975 | $1.09M | 0.74% | +6,575+88.9% | Added |
| Kerrisdale Advisers, LLC | 13,665 | $1.07M | 0.50% | 00.0% | Unchanged |
| Ariel Investments, LLC | 13,172 | $1.03M | 0.01% | +909+7.4% | Added |
| Antipodes Partners Ltd | 12,955 | $1.01M | 0.02% | +3,029+30.5% | Added |
| Amitell Capital Pte Ltd | 11,241 | $878.3K | 0.98% | +11,241 | New |
| Marshall Wace, LLP | 10,070 | $786.8K | 0.00% | −21,676−68.3% | Reduced |
| Abn Amro Investment Solutions | 9,446 | $738.0K | 0.01% | −21,888−69.9% | Reduced |
| Royal Bank of Canada | 9,112 | $711.0K | 0.00% | +1,108+13.8% | Added |
| Gordian Capital Singapore Pte Ltd | 9,000 | $703.2K | 0.98% | 00.0% | Unchanged |
| E. Ohman J:or Asset Management AB | 8,416 | $657.5K | 0.02% | +903+12.0% | Added |
| Acadian Asset Management LLC | 7,730 | $603.0K | 0.00% | −12,646−62.1% | Reduced |
| LSV Asset Management | 7,500 | $586.0K | 0.00% | 00.0% | Unchanged |
| Vident Advisory, LLC | 7,193 | $562.0K | 0.01% | +7,193 | New |
| Point Nemo Capital, LLC | 7,066 | $552.1K | 0.55% | +7,066 | New |
| Global Endowment Management, LP | 6,091 | $476.0K | 0.06% | +761+14.3% | Added |
| Commerce Bank | 5,677 | $443.5K | 0.00% | 00.0% | Unchanged |
| Cresset Asset Management, LLC | 4,933 | $385.4K | 0.00% | +4,933 | New |
| Neuberger Berman Group LLC | 4,886 | $381.7K | 0.00% | +755+18.3% | Added |
| Pavaki Capital Management LLC | 4,700 | $367.2K | 0.26% | +4,700 | New |
| Citigroup Inc | 4,575 | $357.4K | 0.00% | +3,519+333.2% | Added |
| Nomura Holdings Inc | 4,510 | $352.4K | 0.00% | +4,510 | New |
| Athena Wealth Management, LLC | 4,458 | $348.3K | 0.34% | +4,458 | New |
| Ruane, Cunniff & Goldfarb L.P. | 4,112 | $321.3K | 0.01% | +400+10.8% | Added |
| SG Americas Securities, LLC | 3,916 | $306.0K | 0.00% | +3,916 | New |
| Patriot Financial Group Insurance Agency, LLC | 3,897 | $304.5K | 0.04% | +3,897 | New |
| Advisory Services Network, LLC | 3,787 | $295.9K | 0.00% | +502+15.3% | Added |
| LPL Financial LLC | 3,722 | $290.8K | 0.00% | +737+24.7% | Added |
| Simplex Trading, LLC | 3,604 | $281.6K | 0.01% | +1,177+48.5% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 2,805 | $217.5K | 0.00% | +783+38.7% | Added |
| Matthews International Capital Management LLC | 2,762 | $215.8K | 0.07% | −72−2.5% | Reduced |
| Pensionmark Financial Group, LLC | 2,684 | $209.7K | 0.00% | +2,684 | New |
| Mariner, LLC | 2,602 | $203.3K | 0.00% | −4,688−64.3% | Reduced |
| Envestnet Asset Management Inc | 2,582 | $201.7K | 0.00% | −14−0.5% | Reduced |
| State of Wyoming | 2,488 | $196.5K | 0.02% | +1,424+133.8% | Added |
| Natixis | 1,838 | $145.4K | 0.00% | 00.0% | Unchanged |
| Barclays PLC | 1,810 | $141.4K | 0.00% | +1,010+126.3% | Added |
| Hantz Financial Services, Inc. | 1,678 | $131.0K | 0.00% | +884+111.3% | Added |
| Global Retirement Partners, LLC | 1,390 | $108.6K | 0.00% | +1,368+6,218.2% | Added |
| Ronald Blue Trust, Inc. | 1,291 | $100.9K | 0.00% | +1,291 | New |
| Caitong International Asset Management Co., Ltd | 1,141 | $89.1K | 0.02% | +727+175.6% | Added |
| Asset Management One Co.,Ltd. | 1,077 | $85.2K | 0.00% | −359−25.0% | Reduced |
| Leonteq Securities AG | 700 | $54.7K | 0.00% | +700 | New |
| Tower Research Capital LLC (TRC) | 646 | $50.5K | 0.00% | +545+539.6% | Added |
| Group One Trading, L.P. | 495 | $38.7K | 0.00% | +495 | New |
| National Bank of Canada | 379 | $29.6K | 0.00% | +311+457.4% | Added |
| Umb Bank N A | 237 | $18.5K | 0.00% | −33−12.2% | Reduced |
| Wells Fargo & Company | 191 | $14.9K | 0.00% | +7+3.8% | Added |
| The PNC Financial Services Group, Inc. | 134 | $10.5K | 0.00% | +13+10.7% | Added |
| Farther Finance Advisors, LLC | 107 | $8.36K | 0.00% | +107 | New |
| Advisor Group Holdings, Inc. | 74 | $5.78K | 0.00% | −69−48.3% | Reduced |
| Triumph Capital Management | 50 | $3.91K | 0.00% | +50 | New |
| Jones Financial Companies LLLP | 35 | $2.73K | 0.00% | −40−53.3% | Reduced |
| Smartleaf Asset Management LLC | 32 | $2.54K | 0.00% | +32 | New |
| Crewe Advisors LLC | 25 | $1.95K | 0.00% | 00.0% | Unchanged |
| Ramirez Asset Management, Inc. | 25 | $1.95K | 0.00% | +25 | New |
| EverSource Wealth Advisors, LLC | 18 | $1.41K | 0.00% | −25−58.1% | Reduced |
| Private Trust Co NA | 16 | $1.25K | 0.00% | −2−11.1% | Reduced |
| NBC Securities, Inc. | 8 | $625 | 0.00% | +2+33.3% | Added |
| Rockefeller Capital Management L.P. | 4 | $332 | 0.00% | −23−85.2% | Reduced |
| 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 |