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
165
Shares (Excl. Options)
84,666,627
Price
$74.07
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- Security 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
- All holders as of 31 Mar 2026
- Q1 2026
- Total 13F shares
- 84,666,627
- Total 13F value
- $6,270,457,956
- Portfolio coverage rank
- 0.03%
- Share change
- -711,208
- Value change
- -$60,965,990
- Number of holders
- 165
- Shares outstanding
- 190,012,945
- SEC-reported price per share
- $92.80
Latest holder snapshot
5 signals
Issuer context
Names, identifiers, and filing context for this profile.
2 identity fields
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors
Key facts
- 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.
- 165 institutions reported positions in Q1 2026.
- 3 significant owners is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 175 to 165 between Q4 2025 and Q1 2026.
- SEC-reported value moved from $6,670,971,372 to $6,270,457,956.
Research use
- 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.
Evidence
Source: SEC Form 13F
Open SEC evidence
Latest holder context comes from 165 institutions filings for Q1 2026.
Security key
48581R205
Latest holder period
Q1 2026
13F holders
165
13D/G owners
3
CIK / CUSIP context first
Open Q1 2026 holders
KSPI full holder history
Joint Stock Co Kaspi.kz SEC filings
Joint Stock Co Kaspi.kz company facts
Joint Stock Co Kaspi.kz insider transactions
Joint Stock Co Kaspi.kz 13D/G history
Broader feeds
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 48581R205:
13D/G owners
Significant owners
Large-stake holder rows connected to Schedule 13D/G evidence.
Rows
3
Security
KSPI
| 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, 165 institutional investors reported holding 84,666,627 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 45% of the company’s total 190,012,945 outstanding shares.
13F concentration
Top 25 institutional shareholders
Largest 13F positions for this security by reported shares and value.
Top holder share
37%
| 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 |
Quarter history
Institutional holders across reporting periods
Holder count, reported shares/value, and median price by quarter.
Periods
22
Latest
Q1 2026
Rows shown
1-22 of 22
| Period | 13F Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 84,666,627 | $6,270,457,956 | -$60,965,990 | $74.07 | 165 |
| 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 |