Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI)
CUSIP: 48581R205
Q4 2025 13F Holders as of 31 Dec 2025
- Type / Class
- Equity / American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs")
- Shares outstanding
- 190,012,945
- Total 13F shares
- 85,375,351
- Share change
- -1,267,036
- Total reported value
- $6,670,971,372
- Put/Call ratio
- 74%
- Price per share
- $78.13
- Number of holders
- 175
- Value change
- -$107,988,680
- Number of buys
- 95
- Number of sells
- 94
Quarterly Holders 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 institutional holdings data.
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Explore More Reporting Periods
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Recent filing periods for CUSIP 48581R205:
Top shareholders of KSPI - Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.
Methodology: rows are grouped by holder and ranked by the holder's primary source value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
| Holder | Source | Role / Reporting | Ownership % | Shares | Holdings Value | 12M Net Δ | As of | Details |
|---|---|---|---|---|---|---|---|---|
| Vyacheslav Kim |
13D/G
|
— |
21%
|
40,670,650
|
$3,431,789,447 | $0 | 30 Jun 2025 | |
| Baring Fintech Manager Holding Ltd |
13F
|
Company |
9.5%
|
18,051,851
|
$1,474,475,190 | — | 30 Sep 2025 | |
| Baring Fintech Fund III Managers Ltd |
13F
|
Company |
7.6%
|
14,422,272
|
$1,178,011,177 | — | 30 Sep 2025 | |
| Asia Equity Partners Ltd |
13D/G
|
Asia Equity Partners Limited |
7.3%
|
13,870,945
|
$1,155,449,718 | -$203,011,346 | 31 Dec 2025 | |
| European Investors Ltd |
13D/G
|
European Investors Limited |
6.5%
|
12,257,305
|
$1,083,300,616 | $0 | 23 Apr 2025 | |
| BAILLIE GIFFORD & CO |
13F
|
Company |
2.5%
|
4,785,985
|
$390,919,255 | — | 30 Sep 2025 | |
| FIL Ltd |
13F
|
Company |
2%
|
3,793,147
|
$309,824,247 | — | 30 Sep 2025 | |
| PZENA INVESTMENT MANAGEMENT LLC |
13F
|
Company |
0.91%
|
1,732,148
|
$141,481,849 | — | 30 Sep 2025 | |
| FMR LLC |
13F
|
Company |
0.88%
|
1,677,882
|
$137,049,402 | — | 30 Sep 2025 | |
| SANDS CAPITAL MANAGEMENT, LLC |
13F
|
Company |
0.87%
|
1,644,240
|
$134,301,523 | — | 30 Sep 2025 | |
| SCHRODER INVESTMENT MANAGEMENT GROUP |
13F
|
Company |
0.76%
|
1,446,348
|
$118,137,705 | — | 30 Sep 2025 | |
| Southpoint Capital Advisors LP |
13F
|
Company |
0.66%
|
1,250,000
|
$102,100,000 | — | 30 Sep 2025 | |
| SAMLYN CAPITAL, LLC |
13F
|
Company |
0.63%
|
1,188,010
|
$97,036,656 | — | 30 Sep 2025 | |
| GQG Partners LLC |
13F
|
Company |
0.58%
|
1,107,143
|
$90,431,440 | — | 30 Sep 2025 | |
| VR Advisory Services Ltd |
13F
|
Company |
0.57%
|
1,077,369
|
$87,999,500 | — | 30 Sep 2025 | |
| Greenvale Capital LLP |
13F
|
Company |
0.52%
|
980,000
|
$80,046,400 | — | 30 Sep 2025 | |
| BlackRock, Inc. |
13F
|
Company |
0.46%
|
880,306
|
$71,903,396 | — | 30 Sep 2025 | |
| BIT Capital GmbH |
13F
|
Company |
0.46%
|
880,036
|
$71,881,340 | — | 30 Sep 2025 | |
| AMERIPRISE FINANCIAL INC |
13F
|
Company |
0.46%
|
869,201
|
$70,996,337 | — | 30 Sep 2025 | |
| Coronation Fund Managers Ltd. |
13F
|
Company |
0.43%
|
823,295
|
$67,246,736 | — | 30 Sep 2025 | |
| Mawer Investment Management Ltd. |
13F
|
Company |
0.41%
|
785,974
|
$64,198,356 | — | 30 Sep 2025 | |
| Aberdeen Group plc |
13F
|
Company |
0.41%
|
779,646
|
$63,486,574 | — | 30 Sep 2025 | |
| WELLINGTON MANAGEMENT GROUP LLP |
13F
|
Company |
0.39%
|
742,647
|
$60,659,408 | — | 30 Sep 2025 | |
| CAT ROCK CAPITAL MANAGEMENT LP |
13F
|
Company |
0.34%
|
645,001
|
$52,683,682 | — | 30 Sep 2025 | |
| Polar Capital Holdings Plc |
13F
|
Company |
0.31%
|
586,755
|
$47,926,148 | — | 30 Sep 2025 | |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP |
13F
|
Company |
0.3%
|
578,058
|
$47,215,777 | — | 30 Sep 2025 | |
| Capital World Investors |
13F
|
Company |
0.3%
|
566,450
|
$46,267,636 | — | 30 Sep 2025 | |
| JANE STREET GROUP, LLC |
13F
|
Company |
0.28%
|
530,731
|
$43,350,107 | — | 30 Sep 2025 | |
| HSBC HOLDINGS PLC |
13F
|
Company |
0.26%
|
497,313
|
$40,578,751 | — | 30 Sep 2025 | |
| JPMORGAN CHASE & CO |
13F
|
Company |
0.25%
|
473,259
|
$38,655,795 | — | 30 Sep 2025 | |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP |
13F
|
Company |
0.23%
|
432,000
|
$35,285,760 | — | 30 Sep 2025 | |
| Mondrian Investment Partners LTD |
13F
|
Company |
0.22%
|
420,146
|
$34,317,525 | — | 30 Sep 2025 | |
| GOLDMAN SACHS GROUP INC |
13F
|
Company |
0.22%
|
410,878
|
$33,560,515 | — | 30 Sep 2025 | |
| BRANDES INVESTMENT PARTNERS, LP |
13F
|
Company |
0.21%
|
407,732
|
$33,303,551 | — | 30 Sep 2025 | |
| UNTITLED INVESTMENTS LP |
13F
|
Company |
0.21%
|
396,040
|
$32,348,547 | — | 30 Sep 2025 | |
| Fiera Capital Corp |
13F
|
Company |
0.21%
|
393,742
|
$32,160,846 | — | 30 Sep 2025 | |
| ALLIANCEBERNSTEIN L.P. |
13F
|
Company |
0.2%
|
377,239
|
$30,812,882 | — | 30 Sep 2025 | |
| BANK OF AMERICA CORP /DE/ |
13F
|
Company |
0.18%
|
344,124
|
$28,108,047 | — | 30 Sep 2025 | |
| Amova Asset Management Americas, Inc. |
13F
|
Company |
0.17%
|
323,903
|
$26,475,831 | — | 30 Sep 2025 | |
| Sumitomo Mitsui Trust Group, Inc. |
13F
|
Company |
0.17%
|
323,903
|
$26,456,397 | — | 30 Sep 2025 | |
| Artisan Partners Limited Partnership |
13F
|
Company |
0.15%
|
287,193
|
$23,457,924 | — | 30 Sep 2025 | |
| Legal & General Group Plc |
13F
|
Company |
0.14%
|
272,360
|
$22,246,365 | — | 30 Sep 2025 | |
| Gestion Carmignac |
13F
|
Individual |
0.13%
|
250,587
|
$20,469,390 | — | 30 Sep 2025 | |
| Bienville Capital Management, LLC |
13F
|
Company |
0.12%
|
222,987
|
$18,213,579 | — | 30 Sep 2025 | |
| MIRABELLA FINANCIAL SERVICES LLP |
13F
|
Company |
0.11%
|
217,344
|
$17,752,658 | — | 30 Sep 2025 | |
| Luxor Capital Group, LP |
13F
|
Company |
0.11%
|
212,479
|
$17,355,285 | — | 30 Sep 2025 | |
| Ninety One UK Ltd |
13F
|
Company |
0.11%
|
206,743
|
$16,886,771 | — | 30 Sep 2025 | |
| WCM INVESTMENT MANAGEMENT, LLC |
13F
|
Company |
0.11%
|
200,876
|
$16,435,674 | — | 30 Sep 2025 | |
| MORGAN STANLEY |
13F
|
Company |
0.1%
|
192,909
|
$15,756,845 | — | 30 Sep 2025 | |
| FRANKLIN RESOURCES INC |
13F
|
Company |
0.1%
|
192,112
|
$15,691,708 | — | 30 Sep 2025 |
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) as of Q4 2025
As of 31 Dec 2025,
Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI) was held by
175 institutional
shareholders
that filed Form 13F with the SEC.
Together, they reported ownership of
85,375,351 shares.
The largest 10 holders included
Baring Fintech Manager Holding Ltd, Baring Fintech Fund III Managers Ltd, Brehaut David Pascal, BAILLIE GIFFORD & CO, FIL Ltd, PZENA INVESTMENT MANAGEMENT LLC, SANDS CAPITAL MANAGEMENT, LLC, FMR LLC, SCHRODER INVESTMENT MANAGEMENT GROUP, and Southpoint Capital Advisors LP.
This page lists
175
institutional shareholders reporting positions in this security
for the Q4 2025 filing period.
| Investor | Option | Weight % | Change % | Value $ | * Price | Shares | Share Change | Activity | Report Period |
|---|
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 Diff $ | Value Chg % |
|---|
Trend: ostatnie 8 kwartałów (+ wybrane okresy porównania).
Quarterly Holders Trend
Quarterly Value Trend
Quarterly Shares Trend
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.
An asterisk sign (*) next to the price indicates that the price is likely invalid.