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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
Ariel Investments, LLC22,724$1.68M0.02%+9,552+72.5%Added
State Street Corp21,673$1.61M0.00%+95+0.4%Added
Toroso Investments, LLC20,139$1.49M0.00%−13,478−40.1%Reduced
Cloverfields Capital Group, LP17,890$1.33M0.43%+17,890New
Meitav Dash Investments Ltd17,400$1.29M0.01%+17,400New
Antipodes Partners Ltd15,577$1.15M0.02%+2,622+20.2%Added
Diversified Trust Co14,605$1.08M0.02%+14,605New
Virtu Financial LLC14,103$1.04M0.04%−50−0.4%Reduced
Kerrisdale Advisers, LLC13,665$1.01M0.39%00.0%Unchanged
Clear Harbor Asset Management, LLC12,825$949.9K0.07%+12,825New
Gordian Capital Singapore Pte Ltd11,500$851.8K1.43%+2,500+27.8%Added
LPL Financial LLC10,258$759.8K0.00%+6,536+175.6%Added
Patriot Financial Group Insurance Agency, LLC8,954$663.2K0.04%+5,057+129.8%Added
Vident Advisory, LLC8,873$657.2K0.01%+1,680+23.4%Added
Pavaki Capital Management LLC8,700$644.4K0.45%+4,000+85.1%Added
Royal Bank of Canada8,675$642.0K0.00%−437−4.8%Reduced
Endure Capital Management, LLC8,400$622.2K0.43%+8,400New
Point72 Asset Management, L.P.7,776$576.0K0.00%+7,776New
LSV Asset Management7,500$556.0K0.00%00.0%Unchanged
Commerce Bank7,095$525.5K0.00%+1,418+25.0%Added
Global Endowment Management, LP6,915$512.0K0.06%+824+13.5%Added
Baader Bank INC6,832$502.7K0.05%−33,441−83.0%Reduced
E. Ohman J:or Asset Management AB6,659$493.2K0.01%−1,757−20.9%Reduced
CI Private Wealth, LLC6,567$486.4K0.00%+6,567New
Aquatic Capital Management LLC5,696$421.9K0.01%+5,696New
GAM Holding AG5,000$370.4K0.03%−10,000−66.7%Reduced
Cresset Asset Management, LLC4,917$364.2K0.00%−16−0.3%Reduced
Athena Wealth Management, LLC4,890$362.2K0.30%+432+9.7%Added
Neuberger Berman Group LLC4,886$361.9K0.00%00.0%Unchanged
Marshall Wace, LLP4,614$341.8K0.00%−5,456−54.2%Reduced
Envestnet Asset Management Inc4,452$329.8K0.00%+1,870+72.4%Added
Citigroup Inc4,388$325.0K0.00%−187−4.1%Reduced
Dynamic Technology Lab Private Ltd4,250$314.8K0.05%+4,250New
Ruane, Cunniff & Goldfarb L.P.4,083$302.4K0.01%−29−0.7%Reduced
Pale Fire Capital SE3,600$266.7K0.02%+3,600New
Ingalls & Snyder LLC3,574$265.0K0.01%+3,574New
SG Americas Securities, LLC3,389$251.0K0.00%−527−13.5%Reduced
Advisory Services Network, LLC3,253$240.9K0.00%−534−14.1%Reduced
Savant Capital, LLC3,043$225.4K0.00%+3,043New
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.2,754$204.0K0.00%−51−1.8%Reduced
Simplex Trading, LLC2,029$150.3K0.00%−1,575−43.7%Reduced
Natixis1,838$133.8K0.00%00.0%Unchanged
Acadian Asset Management LLC1,363$100.0K0.00%−6,367−82.4%Reduced
Hantz Financial Services, Inc.1,043$77.0K0.00%−635−37.8%Reduced
Ronald Blue Trust, Inc.883$65.4K0.00%−408−31.6%Reduced
Tower Research Capital LLC (TRC)822$60.9K0.00%+176+27.2%Added
Asset Management One Co.,Ltd.649$48.1K0.00%−428−39.7%Reduced
Caitong International Asset Management Co., Ltd564$41.8K0.01%−577−50.6%Reduced
FNY Investment Advisers, LLC518$38.0K0.02%+518New
EverSource Wealth Advisors, LLC501$37.1K0.00%+483+2,683.3%Added
National Bank of Canada381$28.2K0.00%+2+0.5%Added
Umb Bank N A343$25.4K0.00%+106+44.7%Added
Rockefeller Capital Management L.P.284$21.1K0.00%+280+7,000.0%Added
Wells Fargo & Company259$19.2K0.00%+68+35.6%Added
The PNC Financial Services Group, Inc.195$14.4K0.00%+61+45.5%Added
Farther Finance Advisors, LLC187$13.7K0.00%+80+74.8%Added
Larson Financial Group LLC122$9.04K0.00%+122New
Smartleaf Asset Management LLC122$8.82K0.00%+90+281.3%Added
Advisor Group Holdings, Inc.100$7.41K0.00%+26+35.1%Added
Triumph Capital Management50$3.70K0.00%00.0%Unchanged
Jones Financial Companies LLLP35$2.48K0.00%00.0%Unchanged
Ramirez Asset Management, Inc.25$1.85K0.00%00.0%Unchanged
Bare Financial Services, Inc20$1.48K0.00%+20New
Private Trust Co NA16$1.19K0.00%00.0%Unchanged
Stone House Investment Management, LLC13$9630.00%+13New
NBC Securities, Inc.10$7400.00%+2+25.0%Added
Group One Trading, L.P.2$1480.00%−493−99.6%Reduced
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