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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, Q1 2026

Institutional positions in Joint Stock Co Kaspi.kz as of Mar 31, 2026. 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
167
−6 vs. Q4 2025
Shares held
84.7M
−682.2K (−0.8%) vs. Q4 2025
Total value
$6.27B
−$398.5M (−6.0%) vs. Q4 2025
New holders
21
66 more added
Sold out
27
60 more reduced

2 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 167 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 heldQ1 2026: $6.27B
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, Q1 2026

Shares, value and share of portfolio for each institution holding Joint Stock Co Kaspi.kz; share changes are against Q4 2025.

Institutions holding KSPI in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Weiss Asset Management LP112,802$8.36M0.15%00.0%Unchanged
Lifetime Wealth Management P.C.117,329$8.69M4.94%+7,329+6.7%Added
Capricorn Fund Managers Ltd118,900$8.81M1.37%+101,900+599.4%Added
Harding Loevner LP118,947$8.81M0.09%−4,062−3.3%Reduced
Fairtree Asset Management (Pty) Ltd134,675$9.98M4.58%−19,859−12.9%Reduced
Bienville Capital Management, LLC134,849$9.99M1.90%−142,786−51.4%Reduced
Crawford Fund Management, LLC135,429$10.0M3.27%+45,660+50.9%Added
Armor Advisors, L.L.C.141,080$10.4M11.64%+10,000+7.6%Added
Deutsche Bank AG155,687$11.5M0.00%−179,223−53.5%Reduced
BIT Capital GmbH156,848$11.6M0.65%−857,256−84.5%Reduced
Kayne Anderson Rudnick Investment Management LLC157,317$11.7M0.03%−162−0.1%Reduced
Sumitomo Mitsui Trust Holdings, Inc.161,316$11.9M0.01%−134,153−45.4%Reduced
Nikko Asset Management Americas, Inc.161,316$12.0M0.17%−134,153−45.4%Reduced
Geode Capital Management, LLC169,581$12.6M0.00%+2,235+1.3%Added
Cape Ann Asset Management Ltd175,512$13.0M2.95%+412+0.2%Added
Generali Investments CEE, investicni spolecnost, a.s.187,568$13.9M0.73%−3,205−1.7%Reduced
Franklin Resources Inc194,774$14.4M0.00%+2,662+1.4%Added
State of New Jersey Common Pension Fund D197,147$14.6M0.06%00.0%Unchanged
SEI Investments Co201,323$14.9M0.01%+32,122+19.0%Added
Dodge & Cox210,226$15.6M0.01%+26,500+14.4%Added
Russell Investments Group, Ltd.212,429$15.7M0.02%+26,109+14.0%Added
Ninety One UK Ltd215,578$16.0M0.04%+380+0.2%Added
Fiera Capital Corp217,339$16.1M0.06%−117,839−35.2%Reduced
Carmignac Gestion224,528$16.6M0.26%−4,442−1.9%Reduced
Southeastern Asset Management IncSuperinvestorSoutheastern Asset Management (Longleaf)240,628$17.8M0.88%00.0%Unchanged
Kora Management LP241,500$17.9M2.55%+72,000+42.5%Added
Legal & General Group Plc248,952$18.4M0.00%−56,702−18.6%Reduced
HSBC Holdings PLC299,636$22.3M0.01%+32,654+12.2%Added
JPMorgan Chase & Co309,121$22.3M0.00%+35,885+13.1%Added
Susquehanna International Group, LLP316,253$23.4M0.03%+56,443+21.7%Added
Brightlight Capital Management LP371,235$27.5M27.12%−60,765−14.1%Reduced
Artisan Partners Limited Partnership386,095$28.6M0.05%+33,101+9.4%Added
Untitled Investments LP393,770$29.2M10.86%−2,270−0.6%Reduced
Mondrian Investment Partners LTD432,689$32.0M0.55%−58,657−11.9%Reduced
First Beijing Investment Ltd434,350$32.2M1.39%+321,962+286.5%Added
683 Capital Management, LLC475,000$35.2M3.26%+210,000+79.2%Added
UBS Group AG475,462$35.2M0.01%+409,725+623.3%Added
Gemsstock Limited509,147$37.7M3.97%+320,885+170.4%Added
Bank of America Corp524,368$38.8M0.00%+178,780+51.7%Added
Marex Group plc548,294$40.6M0.42%+548,294New
WCM Investment Management, LLC571,412$41.3M0.09%+323,326+130.3%Added
North of South Capital LLP569,681$42.2M3.79%+551,444+3,023.8%Added
Standard Life Aberdeen plc582,947$43.2M0.07%−38,392−6.2%Reduced
Morgan Stanley590,487$43.7M0.00%+305,349+107.1%Added
Goldman Sachs Group Inc617,739$45.8M0.01%+196,022+46.5%Added
Ranmore Fund Management Ltd620,000$45.9M6.07%+167,442+37.0%Added
Cat Rock Capital Management LP631,001$46.7M7.26%−14,000−2.2%Reduced
Wellington Management Group LLP645,828$47.8M0.01%−34,388−5.1%Reduced
Greenvale Capital LLP650,000$48.1M5.28%00.0%Unchanged
Polar Capital Holdings Plc668,339$49.5M0.22%+21,122+3.3%Added
Brandes Investment Partners, LP744,099$55.1M0.39%+186,028+33.3%Added
Coronation Fund Managers Ltd.865,750$64.1M2.92%−124,873−12.6%Reduced
Southpoint Capital Advisors LP1,000,000$74.1M1.52%−500,000−33.3%Reduced
Capital World Investors1,028,574$76.2M0.01%+457,871+80.2%Added
BlackRock, Inc.1,039,574$77.0M0.00%+366,360+54.4%Added
Samlyn Capital, LLC1,066,995$79.0M1.36%+7,804+0.7%Added
VR Advisory Services Ltd1,077,369$79.8M9.44%00.0%Unchanged
Ameriprise Financial Inc1,115,936$82.7M0.02%−48,071−4.1%Reduced
Schroder Investment Management Group1,566,285$116.0M0.10%+62,387+4.1%Added
Sands Capital Management, LLC1,586,334$117.5M0.46%−362,427−18.6%Reduced
FMR LLC1,611,922$119.4M0.01%−36,540−2.2%Reduced
Pzena Investment Management LLC2,672,387$197.9M0.64%−33,347−1.2%Reduced
FIL Ltd3,326,242$246.4M0.19%+299,250+9.9%Added
Baillie Gifford & Co5,123,207$379.5M0.39%+450,124+9.6%Added
Baring Fintech Fund III Managers Ltd12,061,997$893.4M100.00%−1,808,948−13.0%Reduced
Brehaut David Pascal12,257,305$907.9M100.00%00.0%Unchanged
Baring Fintech Manager Holding Ltd18,051,851$1.34B100.00%00.0%Unchanged
Arrowstreet Capital, Limited Partnership0$00.00%−504,533−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−319,737−100.0%Sold out
TT International Asset Management LTD0$00.00%−286,939−100.0%Sold out
Mirabella Financial Services LLP0$00.00%−247,500−100.0%Sold out
Pillsbury Lake Capital LLC0$00.00%−81,123−100.0%Sold out
Bank of Montreal0$00.00%−61,486−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−57,718−100.0%Sold out
Carrhae Capital LLP0$00.00%−50,668−100.0%Sold out
Millennium Management LLC0$00.00%−32,110−100.0%Sold out
Jane Street Group, LLC0$00.00%−29,030−100.0%Sold out
Main Management ETF Advisors, LLC0$00.00%−25,056−100.0%Sold out
Hood River Capital Management LLC0$00.00%−24,258−100.0%Sold out
Wealth Enhancement Advisory Services, LLC0$00.00%−19,596−100.0%Sold out
Engineers Gate Manager LP0$00.00%−20,072−100.0%Sold out
Headlands Technologies LLC0$00.00%−17,209−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−15,371−100.0%Sold out
Amitell Capital Pte Ltd0$00.00%−11,241−100.0%Sold out
Abn Amro Investment Solutions0$00.00%−9,446−100.0%Sold out
Point Nemo Capital, LLC0$00.00%−7,066−100.0%Sold out
Nomura Holdings Inc0$00.00%−4,510−100.0%Sold out
Matthews International Capital Management LLC0$00.00%−2,762−100.0%Sold out
Pensionmark Financial Group, LLC0$00.00%−2,684−100.0%Sold out
Mariner, LLC0$00.00%−2,602−100.0%Sold out
State of Wyoming0$00.00%−2,488−100.0%Sold out
Barclays PLC0$00.00%−1,810−100.0%Sold out
Leonteq Securities AG0$00.00%−700−100.0%Sold out
Crewe Advisors LLC0$00.00%−25−100.0%Sold out
Militia Capital Partners, LP––––Not filed
Global Retirement Partners, LLC––––Not filed