Security Snapshot

Joint Stock Co Kaspi.kz - Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value (KSPI) Institutional Ownership

CUSIP: 48581R205

13F Institutional Holders and Ownership History from Q4 2020 to Q2 2026

Latest Period

Q2 2026

Institutions Reporting

206

Shares (Excl. Options)

83,631,633

Price

$86.64

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Latest holder snapshot 5 signals
Portfolio coverage rank
0.04%
Share change
-3,795,576
Value change
-$319,089,648
Number of holders
206
Issuer context Names, identifiers, and filing context for this profile. 2 identity fields
Shares outstanding
190,475,585
SEC-reported price per share
$87.14
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors

Key facts

  • KSPI - Joint Stock Co Kaspi.kz - Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value is tracked under CUSIP 48581R205.
  • 206 institutions reported positions in Q2 2026.
  • 3 significant owners is listed from Schedule 13D/13G reporting.

Change

  • Holder count moved from 167 to 206 between Q1 2026 and Q2 2026.
  • SEC-reported value moved from $6,271,472,715 to $7,243,595,916.

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

Latest holder context comes from 206 institutions filings for Q2 2026.

Open SEC evidence

Security key

48581R205

Latest holder period

Q2 2026

13F holders

206

13D/G owners

3

CIK / CUSIP context first

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 20% -6.2% $3,377,894,024 -$228,372,511 38,095,117 -6.3% Vyacheslav Kim 30 Jun 2026
European Investors Ltd 6.5% $1,083,300,616 12,257,305 European Investors Limited 23 Apr 2025
Asia Equity Partners Ltd 3.7% -51% $630,171,217 -$599,765,476 7,106,927 -49% Asia Equity Partners Limited 30 Jun 2026

As of 30 Jun 2026, 206 institutional investors reported holding 83,631,633 shares of Joint Stock Co Kaspi.kz - Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value (KSPI). This represents 44% of the company’s total 190,475,585 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 8.8% 16,737,053 -7.3% 100% $1,450,098,272
Brehaut David Pascal 6.4% 12,257,305 0% 100% $1,061,972,905
Baring Fintech Fund III Managers Ltd 3.7% 7,106,927 -41% 100% $615,744,155
BAILLIE GIFFORD & CO 3% 5,779,168 +13% 0.45% $500,707,116
FIL Ltd 1.9% 3,635,858 +9.3% 0.23% $315,010,737
PZENA INVESTMENT MANAGEMENT LLC 1.6% 3,071,888 +15% 0.78% $266,148,376
Spice Expeditions, LP 1.4% 2,584,454 0% 100% $223,917,095
SCHRODER INVESTMENT MANAGEMENT GROUP 1.2% 2,319,420 +48% 0.14% $200,954,549
FMR LLC 1% 1,983,010 +23% 0.01% $171,807,986
SANDS CAPITAL MANAGEMENT, LLC 0.8% 1,531,017 -3.5% 0.49% $132,647,313
SAMLYN CAPITAL, LLC 0.79% 1,498,332 +40% 2.2% $129,815,485
Capital World Investors 0.6% 1,143,698 +11% 0.01% $99,089,995
AMERIPRISE FINANCIAL INC 0.59% 1,116,967 +0.09% 0.02% $96,778,457
BlackRock, Inc. 0.57% 1,085,784 +4.4% 0% $94,072,326
VR Advisory Services Ltd 0.55% 1,049,999 -2.5% 8.1% $90,971,913
North of South Capital LLP 0.52% 987,390 +73% 6.3% $85,547,470
BRANDES INVESTMENT PARTNERS, LP 0.44% 833,669 +12% 0.51% $72,229,289
Coronation Fund Managers Ltd. 0.43% 814,783 -5.9% 2.7% $70,592,799
WELLINGTON MANAGEMENT GROUP LLP 0.4% 759,803 +18% 0.01% $65,829,332
Polar Capital Holdings Plc 0.35% 673,258 +0.74% 0.17% $58,331,073
Greenvale Capital LLP 0.35% 665,590 +2.4% 6.3% $57,666,718
WCM INVESTMENT MANAGEMENT, LLC 0.34% 656,410 +15% 0.1% $57,389,926
Ranmore Fund Management Ltd 0.33% 620,000 0% 5.9% $53,716,800
Southpoint Capital Advisors LP 0.32% 600,000 -40% 1.2% $51,984,000
Kingsway Capital Partners Ltd 0.31% 596,134 0% 7% $51,649,050

Quarter history

Institutional holders across reporting periods

Holder count, reported shares/value, and median price by quarter.

Periods
23
Latest
Q2 2026
Rows shown
1-23 of 23
Period 13F Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q2 83,631,633 $7,243,595,916 -$319,089,648 $86.64 206
2026 Q1 84,680,327 $6,271,472,715 -$61,410,410 $74.07 167
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
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