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

Q: What does CUSIP 48581R205 represent in this 13F holders report?

CUSIP 48581R205 is the security identifier for KSPI - Joint Stock Co Kaspi.kz - Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value used to aggregate holder disclosures.

Q: How many institutions held KSPI - Joint Stock Co Kaspi.kz - Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value in Q4 2025?

175 institutional investors reported KSPI - Joint Stock Co Kaspi.kz - Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value for Q4 2025. Use the holders table for investor-level position and value details.

CUSIP: 48581R205

Q4 2025 13F Holders as of 31 Dec 2025

Security type / class: Equity / Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value
Total 13F shares: 85,375,351
Total 13F value: $6,670,971,372
Share change: -1,267,036
Put/Call ratio: 74%
SEC-reported price per share: $78.13
Number of holders: 175
Value change: -$107,988,680
Number of buys: 95
Number of sells: 94
Shares outstanding: 190,475,585

Security key

48581R205

Report period

Q4 2025

Institutions

175

Top holders

KSPI full security history Ownership snapshot Full 13F holder table Joint Stock Co Kaspi.kz SEC filings Joint Stock Co Kaspi.kz company facts Joint Stock Co Kaspi.kz 13D/G history

Broader feeds

Latest 13F filings Latest 13D/G filings Investors directory

Ownership snapshot

Top reported holders of KSPI - Joint Stock Co Kaspi.kz - Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value (13F + 13D/G + 3/4/5)

Grouped by holder across the latest SEC ownership disclosures. Start with comparable ownership when available, then verify the linked 13F, 13D/G, or 3/4/5 evidence.

Comparable stake leader

European Investors Ltd

Disclosed value leader

Baring Fintech Manager Ho...

Comparable rows

15/15

Latest evidence

30 Sep 2025

13D/G 13F Lead comparable stake: 6.5% 13D/G row: European Investors Ltd Showing 1-6 of 15 holder rows.

Quick read

European Investors Ltd leads the comparable SEC ownership view at 6.5%.

15 of 15 rows have a safely comparable ownership percentage. Use this as a filing-backed starting point, then open the detailed table for source links, reporting role, position value, share count, and filing date.

Open SEC evidence Opens European Investors Ltd's linked filing trail.

Comparable ownership Top 5

European Investors Ltd 6.5%

Baring Fintech Manager Holding Ltd 9.5%

Baring Fintech Fund III Managers Ltd 7.6%

BAILLIE GIFFORD & CO 2.5%

FIL Ltd 2%

Ownership % is shown only when SEC disclosures are safely comparable across share classes.

Detailed SEC evidence table Showing 1-6 of 15 holder rows

Holder	Evidence	Ownership %	Position	12M Net Δ	As of
European Investors Ltd	13D/G European Investors Limited 13D/G	6.5%	$1,083,300,616 12,257,305 shares	$0	23 Apr 2025
Baring Fintech Manager Holding Ltd	13F Company 13F	9.5%	$1,474,475,190 18,051,851 shares	—	30 Sep 2025
Baring Fintech Fund III Managers Ltd	13F Company 13F	7.6%	$1,178,011,177 14,422,272 shares	—	30 Sep 2025
BAILLIE GIFFORD & CO	13F Company 13F	2.5%	$390,919,255 4,785,985 shares	—	30 Sep 2025
FIL Ltd	13F Company 13F	2%	$309,824,247 3,793,147 shares	—	30 Sep 2025
PZENA INVESTMENT MANAGEMENT LLC	13F Company 13F	0.91%	$141,481,849 1,732,148 shares	—	30 Sep 2025

How to read this table

Rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.

13F holder rows

Institutional holders as of Q4 2025

Investor-level positions for this CUSIP, loaded as an interactive table.

Institutions

175

85,375,351

Rows available

175

Investor	Option	Weight %	Change %	SEC-reported value	* Price	Shares	Share Change	Activity	Report Period

^* SEC-reported price is the security price as of the portfolio date and can indicate the last known price at which the security was still held. The marker flags a reported price that did not pass the local price check.

Compare Q4 2025 vs Q3 2025 Across Filers

Q3 2025 holders

185

Q4 2025 holders

175

Holder diff

-10

Investor	Q3 2025 Shares	Q4 2025 Shares	Share Diff	Share Chg %	Q3 2025 value	Q4 2025 value	Value change	Value Chg %