Joint Stock Co Kaspi.kz

KSPI

Exchange: Nasdaq
Industry: Services-Business Services, NEC
SEC CIK: 0001985487

SEC filings (opens in a new tab)

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.

Q2 2026 vs. Q1 2026

How the institutions holding Joint Stock Co Kaspi.kz changed between Q1 2026 and Q2 2026.

All holders in Q2 2026 All holders in Q1 2026

13F holders of KSPI: Q1 2026 compared with Q2 2026
Measure	Q1 2026	Of which not filed for Q2 2026	Q2 2026	Change
Holders	167	1	205	+39
Shares	84.7M	371.2K	83.7M	−633.9K (−0.8%)
Value	$6.27B	$27.5M	$7.25B	+$1.01B (+16.1%)

1 institution that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so the changes leave them out.

New holders (54)

Institutions that held Joint Stock Co Kaspi.kz at the end of Q2 2026 but not at the end of Q1 2026.

Institutions new to KSPI in Q2 2026
Institution	Shares	Value	% of portfolio
Spice Expeditions, LP	2,584,454	$223.9M	100.00%
Kingsway Capital Partners Ltd	596,134	$51.6M	7.02%
Cullen Capital Management LLC	234,294	$20.3M	0.20%
Fairfax Financial Holdings LtdSuperinvestorFairfax Financial	106,000	$9.18M	0.35%
ABS Investment Management LLC	50,458	$6.64M	5.39%
Citadel Advisors LLC	63,459	$5.50M	0.00%
Analyst IMS Investment Management Services Ltd.	52,705	$4.57M	0.11%
Brilliance Asset Management Ltd	46,855	$4.06M	1.20%
XTX Topco Ltd	18,298	$1.59M	0.02%
Empowered Funds, LLC	17,026	$1.48M	0.01%
UBS Asset Management Americas Inc	16,456	$1.43M	0.00%
Point Nemo Capital, LLC	14,167	$1.23M	0.62%
Axxion S.A.	11,000	$953.0K	0.07%
Lansforsakringar Fondforvaltning AB (publ)	10,950	$948.7K	0.00%
HighVista Strategies LLC	9,400	$814.4K	0.19%
Arrowstreet Capital, Limited Partnership	9,136	$791.5K	0.00%
CenterBook Partners LP	6,586	$570.6K	0.03%
Fideuram Asset Management (Ireland) dac	6,114	$530.5K	0.01%
PEAK6 LLC	6,107	$529.1K	0.01%
Insigneo Advisory Services, LLC	5,860	$507.7K	0.02%
Clear Street Markets LLC	5,200	$450.5K	0.09%
Corsair Capital Management, L.P.	5,000	$433.2K	0.05%
Lester Murray Antman dba SimplyRich	4,970	$430.0K	0.10%
Leonteq Securities AG	4,800	$415.9K	0.02%
Y-Intercept (Hong Kong) Ltd	4,158	$360.2K	0.01%
DV Trading LLC	4,000	$346.6K	0.03%
Prelude Capital Management, LLC	3,690	$319.7K	0.02%
Capital Asset Advisory Services LLC	3,324	$288.0K	0.01%
Northern Trust Corp	3,145	$272.5K	0.00%
Atria Investments LLC	3,083	$267.1K	0.00%
Sanctuary Advisors, LLC	3,076	$266.5K	0.00%
Mariner, LLC	3,066	$265.6K	0.00%
Commonwealth Equity Services, LLC	3,052	$264.4K	0.00%
Sig Brokerage, LP	3,045	$263.8K	0.04%
Quinn Opportunity Partners LLC	3,000	$259.9K	0.01%
Axxcess Wealth Management, LLC	2,597	$225.0K	0.00%
Squarepoint Ops LLC	2,471	$214.1K	0.00%
Millennium Management LLC	2,355	$204.0K	0.00%
Barclays PLC	2,310	$200.1K	0.00%
Gsa Capital Partners LLP	2,310	$200.0K	0.01%
Bayforest Capital Ltd	2,296	$198.9K	0.18%
Ramsey Quantitative Systems	1,840	$159.4K	0.14%
Dalal Street, LLCSuperinvestorPabrai Investment Funds	1,702	$147.5K	0.05%
Global Retirement Partners, LLC	1,471	$127.4K	0.00%
GAMMA Investing LLC	470	$40.7K	0.00%
Atlas Capital Advisors LLC	469	$40.6K	0.00%
Silver Grove Financial Group, Inc.	327	$28.3K	0.02%
Banque Transatlantique SA	200	$17.3K	0.00%
SRS Capital Advisors, Inc.	161	$13.9K	0.00%
Elequin Capital LP	138	$12.0K	0.00%
WealthCollab, LLC	75	$6.50K	0.00%
Allied Private Wealth LLC	24	$2.10K	0.00%
Assetmark, Inc	16	$1.39K	0.00%
Ameritas Advisory Services, LLC	5	$433	0.00%

Sold out (15)

Institutions that held Joint Stock Co Kaspi.kz at the end of Q1 2026 and filed for Q2 2026 without it.

Institutions that sold out of KSPI in Q2 2026
Institution	Shares, Q1 2026	Value, Q1 2026
Cat Rock Capital Management LP	631,001	$46.7M
Bienville Capital Management, LLC	134,849	$9.99M
ABS Direct Equity Fund LLC	74,885	$5.83M
Mawer Investment Management Ltd.	72,791	$5.39M
Voloridge Investment Management, LLC	26,256	$1.94M
Massar Capital Management, LP	25,360	$1.88M
Gordian Capital Singapore Pte Ltd	11,500	$851.8K
Patriot Financial Group Insurance Agency, LLC	8,954	$663.2K
Endure Capital Management, LLC	8,400	$622.2K
Global Endowment Management, LP	6,915	$512.0K
CI Private Wealth, LLC	6,567	$486.4K
Aquatic Capital Management LLC	5,696	$421.9K
GAM Holding AG	5,000	$370.4K
Tower Research Capital LLC (TRC)	822	$60.9K
Caitong International Asset Management Co., Ltd	564	$41.8K

Not filed for Q2 2026 yet (1)

Institutions that held Joint Stock Co Kaspi.kz at the end of Q1 2026 and haven't filed a 13F for Q2 2026. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding KSPI in Q1 2026 that haven't filed for Q2 2026
Institution	Shares, Q1 2026	Value, Q1 2026
Brightlight Capital Management LP	371,235	$27.5M