Latest Period
Q1 2026
Security Snapshot
Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI) Institutional Ownership
CUSIP: 48581R205
13F Institutional Holders and Ownership History from Q4 2020 to Q1 2026
Institutions Reporting
163
Shares (Excl. Options)
84,401,275
Price
$74.07
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- Type / Class
- Equity / American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs")
- Symbol
- KSPI on Nasdaq
- Shares outstanding
- 190,012,945
- Price per share
- $85.90
- All holders as of 31 Mar 2026
- Q1 2026
- Total 13F shares
- 84,401,275
- Total reported value
- $6,250,827,243
- % of total 13F portfolios
- 0.03%
- Share change
- -706,966
- Value change
- -$60,652,258
- Number of holders
- 163
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- KSPI - Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") is tracked under CUSIP 48581R205.
- 163 institutions reported positions in Q1 2026.
- 3 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 175 to 163 between Q4 2025 and Q1 2026.
- Reported value moved from $6,670,971,372 to $6,250,827,243.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 163 institutions filings for Q1 2026.
Investment Quick Answers
What is CUSIP 48581R205?
CUSIP 48581R205 identifies KSPI - Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q1 2026 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 48581R205:
Significant Owners of Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Kim Vyacheslav | 21% | $3,431,789,447 | 40,670,650 | Vyacheslav Kim | 30 Jun 2025 | |||
| Asia Equity Partners Ltd | 7.3% | -13% | $1,155,449,718 | -$203,011,346 | 13,870,945 | -15% | Asia Equity Partners Limited | 31 Dec 2025 |
| European Investors Ltd | 6.5% | $1,083,300,616 | 12,257,305 | European Investors Limited | 23 Apr 2025 |
As of 31 Mar 2026, 163 institutional investors reported holding 84,401,275 shares of Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI). This represents 44% of the company’s total 190,012,945 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI) together control 37% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Baring Fintech Manager Holding Ltd | 9.5% | 18,051,851 | 0% | 100% | $1,337,100,604 |
| Brehaut David Pascal | 6.5% | 12,257,305 | 0% | 100% | $907,898,581 |
| Baring Fintech Fund III Managers Ltd | 6.3% | 12,061,997 | -13% | 100% | $893,432,118 |
| BAILLIE GIFFORD & CO | 2.7% | 5,123,207 | +9.6% | 0.39% | $379,475,943 |
| FIL Ltd | 1.8% | 3,326,242 | +9.9% | 0.19% | $246,374,745 |
| PZENA INVESTMENT MANAGEMENT LLC | 1.4% | 2,672,387 | -1.2% | 0.64% | $197,943,705 |
| FMR LLC | 0.85% | 1,611,922 | -2.2% | 0.01% | $119,395,063 |
| SANDS CAPITAL MANAGEMENT, LLC | 0.83% | 1,586,334 | -19% | 0.46% | $117,499,759 |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 0.82% | 1,566,285 | +4.1% | 0.1% | $116,014,730 |
| AMERIPRISE FINANCIAL INC | 0.59% | 1,115,936 | -4.1% | 0.02% | $82,657,379 |
| VR Advisory Services Ltd | 0.57% | 1,077,369 | 0% | 9.4% | $79,800,722 |
| SAMLYN CAPITAL, LLC | 0.56% | 1,066,995 | +0.74% | 1.4% | $79,032,320 |
| BlackRock, Inc. | 0.55% | 1,039,574 | +54% | 0% | $77,001,245 |
| Capital World Investors | 0.54% | 1,028,574 | +80% | 0.01% | $76,186,476 |
| Southpoint Capital Advisors LP | 0.53% | 1,000,000 | -33% | 1.5% | $74,070,000 |
| Coronation Fund Managers Ltd. | 0.46% | 865,750 | -13% | 2.9% | $64,126,103 |
| BRANDES INVESTMENT PARTNERS, LP | 0.39% | 744,099 | +33% | 0.39% | $55,115,581 |
| Polar Capital Holdings Plc | 0.35% | 668,339 | +3.3% | 0.22% | $49,503,870 |
| Greenvale Capital LLP | 0.34% | 650,000 | 0% | 5.3% | $48,145,500 |
| WELLINGTON MANAGEMENT GROUP LLP | 0.34% | 645,828 | -5.1% | 0.01% | $47,836,480 |
| CAT ROCK CAPITAL MANAGEMENT LP | 0.33% | 631,001 | -2.2% | 7.3% | $46,738,244 |
| Ranmore Fund Management Ltd | 0.33% | 620,000 | +37% | 6.1% | $45,923,400 |
| GOLDMAN SACHS GROUP INC | 0.33% | 617,739 | +46% | 0.01% | $45,755,928 |
| MORGAN STANLEY | 0.31% | 590,487 | +107% | 0% | $43,737,407 |
| Aberdeen Group plc | 0.31% | 582,947 | -6.2% | 0.07% | $43,178,884 |
Institutional Holders of Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 84,401,275 | $6,250,827,243 | -$60,652,258 | $74.07 | 163 |
| 2025 Q4 | 85,375,351 | $6,670,971,372 | -$107,988,680 | $78.13 | 175 |
| 2025 Q3 | 74,045,900 | $6,047,576,315 | -$108,849,098 | $81.68 | 185 |
| 2025 Q2 | 75,125,739 | $6,377,733,302 | -$1,137,632,769 | $84.89 | 161 |
| 2025 Q1 | 88,670,274 | $8,233,249,363 | -$56,434,348 | $92.85 | 190 |
| 2024 Q4 | 89,264,484 | $8,457,028,511 | -$81,062,013 | $94.71 | 173 |
| 2024 Q3 | 42,523,201 | $4,501,251,015 | -$28,142,963 | $105.99 | 167 |
| 2024 Q2 | 42,929,186 | $5,540,531,612 | +$492,781,404 | $129.01 | 152 |
| 2024 Q1 | 38,650,898 | $4,960,223,748 | +$4,938,112,589 | $128.64 | 124 |
| 2023 Q4 | 171,884 | $15,813,328 | -$279,588 | $92.00 | 1 |
| 2023 Q3 | 174,923 | $16,932,546 | -$20,030,672 | $96.80 | 1 |
| 2023 Q2 | 425,296 | $33,853,561 | +$871,779 | $79.60 | 2 |
| 2023 Q1 | 414,344 | $31,282,972 | +$11,177,624 | $75.50 | 2 |
| 2022 Q4 | 266,296 | $19,040,165 | -$8,529,879 | $71.50 | 2 |
| 2022 Q3 | 385,595 | $22,365,000 | +$3,282,045 | $58.00 | 2 |
| 2022 Q2 | 329,011 | $16,476,000 | -$465,161 | $49.10 | 2 |
| 2022 Q1 | 338,723 | $16,970,000 | -$541,884 | $50.10 | 2 |
| 2021 Q4 | 349,539 | $40,547,000 | +$3,108,488 | $116.00 | 2 |
| 2021 Q3 | 322,742 | $34,275,000 | -$2,863,748 | $106.20 | 2 |
| 2021 Q2 | 349,708 | $37,070,000 | +$13,139,360 | $106.00 | 2 |
| 2021 Q1 | 225,755 | $16,028,000 | +$12,590,262 | $71.00 | 2 |
| 2020 Q4 | 48,994 | $3,287,927 | +$3,287,927 | $67.11 | 2 |