JSC Kaspi.kz ADRKSPI
13F holders, Q1 2025 (March 31)191holders +17
35new positions
18sold out
4famous investors
$92.85avg. 13F price*
At the end of Q1 2025, 191 institutions reported holding JSC Kaspi.kz ADR (KSPI) in their 13F filings, up 17 from Q4 2024. 35 opened new positions and 18 sold out. The largest holders were Baring Fintech Fund III Managers Ltd ($2.7B), Baring Fintech Manager Holding Ltd ($1.7B) and Baillie Gifford & Co. ($488.4M). 4 famous investors held it, including Cathie Wood (0.1% of ARK Investment Management's portfolio), Israel Englander (0.0% of Millennium Management's portfolio) and John W. Rogers Jr. (0.0% of Ariel Investments's portfolio).
- Company
- JSC Kaspi.kz ADR
- Filed as
- KASPI KZ JSC (Q1 2025)
- CUSIP
- 48581R205
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 35 | $114.9M |
| Exits | 18 | $47.3M |
All 13F filers, Q4 2024 → Q1 2025: 4,267,671 shares bought and 4,913,408 shares sold, net −645,737 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 191 holders
| Baring Fintech Fund III Managers Ltd | 100.00% | Reduce -1.0% | 28,565,361 | $2.7B |
| Baring Fintech Manager Holding Ltd | 100.00% | No change | 18,051,851 | $1.7B |
| Baillie Gifford & Co. | 0.43% | Add +17.1% | 5,260,033 | $488.4M |
| FIL Ltd | 0.36% | Reduce -3.9% | 4,107,787 | $381.4M |
| BlackRock, Inc. | 0.00% | Reduce -34.4% | 2,382,555 | $221.2M |
| GQG Partners LLC | 0.26% | Add +8.8% | 1,730,163 | $160.6M |
| Pzena Investment Management LLC | 0.46% | Add +27.2% | 1,432,981 | $133.1M |
| FMR LLC | 0.01% | Add +7.6% | 1,429,025 | $132.7M |
| Schroder Investment Management Group | 0.13% | Add +13.9% | 1,359,270 | $126.2M |
| Sands Capital Management, LLC | 0.41% | Reduce -9.0% | 1,311,457 | $121.8M |
| Southpoint Capital Advisors LP | 2.80% | No change | 1,250,000 | $116.1M |
| Samlyn Capital, LLC | 1.90% | Add +6.9% | 1,240,247 | $115.2M |
| Greenvale Capital LLP | 10.40% | Reduce -4.2% | 1,150,000 | $106.8M |
| Cat Rock Capital Management LP | 12.49% | Reduce -1.1% | 1,013,811 | $94.1M |
| Aberdeen Group plc | 0.17% | Reduce -36.3% | 959,856 | $89.1M |
| VR Advisory Services Ltd | 23.49% | Add +14.3% | 955,462 | $88.7M |
| BIT Capital GmbH | 10.41% | Reduce -22.9% | 931,066 | $86.4M |
| Mawer Investment Management Ltd. | 0.39% | Reduce -4.1% | 860,338 | $79.9M |
| Alliancebernstein L.P. | 0.02% | Reduce -1.1% | 636,122 | $59.1M |
| Coronation Fund Managers Ltd. | 2.71% | Add +15.4% | 536,702 | $49.8M |
| Park West Asset Management LLC | 3.95% | Add +31.1% | 520,664 | $48.3M |
| Arrowstreet Capital, Limited Partnership | 0.04% | Add +30.0% | 500,913 | $46.5M |
| HSBC Holdings PLC | 0.03% | Reduce -0.9% | 486,161 | $45.2M |
| Ninety One UK Ltd | 0.12% | Reduce -20.7% | 471,113 | $43.7M |
| Capital World Investors | 0.01% | New | 442,739 | $41.1M |
| Untitled Investments LP | 11.21% | Reduce -2.4% | 426,400 | $39.6M |
| Gemsstock Ltd. | 14.34% | Add +209.9% | 410,000 | $38.1M |
| Fiera Capital Corp | 0.13% | Reduce -9.2% | 396,064 | $36.8M |
| JPMorgan Chase & Co. | 0.00% | Reduce -38.4% | 371,645 | $34.5M |
| Luxor Capital Group, LP | 4.40% | Reduce -25.4% | 368,148 | $34.2M |
| Goldman Sachs Group Inc. | 0.01% | Reduce -4.9% | 367,702 | $34.1M |
| Wellington Management Group LLP | 0.01% | Reduce -10.4% | 343,173 | $31.9M |
| Legal & General Group Plc | 0.01% | Reduce -5.6% | 331,565 | $30.8M |
| Brightlight Capital Management LP | 20.14% | No change | 320,900 | $29.8M |
| Sumitomo Mitsui Trust Group, Inc. | 0.02% | Add +8.5% | 313,992 | $29.2M |
| Amova Asset Management Americas, Inc. | 0.38% | Add +8.5% | 313,545 | $29.1M |
| Bank of America Corp. | 0.00% | Reduce -44.7% | 277,076 | $25.7M |
| Artisan Partners Limited Partnership | 0.04% | Add +1.3% | 259,743 | $24.1M |
| Mondrian Investment Partners LTD | 0.38% | Reduce -1.0% | 240,051 | $22.3M |
| Philosophy Capital Management LLC | 2.96% | Add +19.5% | 239,054 | $22.2M |
| WCM Investment Management, LLC | 0.05% | No change | 209,774 | $19.7M |
| Polar Capital Holdings Plc | 0.12% | New | 206,442 | $19.2M |
| Van Eck Associates Corp. | 0.02% | Add +152.9% | 194,682 | $18.1M |
| Millennium Management | 0.02% | Add +9.8% | 193,804 | $18.0M |
| Franklin Resources Inc. | 0.01% | No change | 186,344 | $17.3M |
| Harding Loevner LP | 0.13% | Reduce -5.5% | 186,307 | $17.3M |
| Bienville Capital Management, LLC | 3.89% | Add +69.7% | 172,905 | $16.1M |
| Carmignac Gestion | 0.25% | No change | 167,054 | $15.5M |
| Geode Capital Management, LLC | 0.00% | Reduce -0.9% | 165,950 | $15.4M |
| Weiss Asset Management LP | 0.57% | Add +211.4% | 157,419 | $14.6M |
| Sei Investments Co. | 0.02% | Add +5.7% | 156,338 | $14.5M |
| Russell Investments Group, Ltd. | 0.02% | Reduce -1.0% | 154,780 | $14.4M |
| Generali Investments CEE, investicni spolecnost, a.s. | 1.18% | Add +21.7% | 136,158 | $12.6M |
| Morgan Stanley | 0.00% | Reduce -14.3% | 135,611 | $12.6M |
| Mirabella Financial Services LLP | 0.53% | Reduce -13.0% | 134,696 | $12.5M |
| Public Employees Retirement System of Ohio | 0.05% | Add +79.3% | 134,372 | $12.5M |
| Capital International, Inc. | 0.15% | Reduce -2.8% | 131,746 | $12.2M |
| Breakout Capital Partners, LP | 11.14% | No change | 131,000 | $12.2M |
| ARK Investment Management | 0.12% | New | 130,997 | $12.2M |
| Marex Group Ltd | 0.23% | Reduce -28.3% | 130,303 | $12.1M |
| Comgest Global Investors S.A.S. | 0.21% | No change | 126,883 | $11.8M |
| Voloridge Investment Management, LLC | 0.04% | Reduce -18.5% | 123,333 | $11.5M |
| State of New Jersey Common Pension Fund D | 0.05% | Add +36.4% | 116,801 | $10.8M |
| Tekne Capital Management, LLC | 3.77% | Reduce -52.6% | 106,500 | $9.9M |
| Pictet Asset Management Holding SA | 0.01% | New | 104,614 | $9.7M |
| Penserra Capital Management LLC | 0.16% | Reduce -5.5% | 98,744 | $9.2M |
| Fairtree Asset Management (Pty) Ltd | 7.28% | Add +20.3% | 97,480 | $9.1M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.05% | Add +36.1% | 90,434 | $8.4M |
| T. Rowe Price Associates Inc. | 0.00% | Add +8.7% | 78,357 | $7.3M |
| Cullen Capital Management, LLC | 0.08% | Reduce -58.5% | 76,826 | $7.1M |
| Hood River Capital Management LLC | 0.12% | New | 75,024 | $7.0M |
| Truffle Hound Capital, LLC | 4.46% | No change | 75,000 | $7.0M |
| Alberta Investment Management Corp | 0.05% | Add +24.4% | 70,707 | $6.6M |
| Qube Research & Technologies Ltd | 0.01% | Add +14.9% | 69,696 | $6.5M |
| Armor Advisors, L.L.C. | 6.31% | New | 69,050 | $6.4M |
| Capital International Investors | 0.00% | Reduce -38.9% | 62,837 | $5.9M |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | 0.14% | Reduce -33.6% | 62,020 | $5.8M |
| Renaissance Capital LLC | 4.41% | Reduce -31.9% | 61,524 | $5.7M |
| Crawford Fund Management, LLC | 3.72% | Add +6.3% | 60,765 | $5.6M |
| Amundi | 0.00% | Reduce -5.5% | 58,854 | $5.3M |
| Robeco Institutional Asset Management B.V. | 0.01% | No change | 56,800 | $5.3M |
| UBS Group AG | 0.00% | Add +16.2% | 55,949 | $5.2M |
| Ameriprise Financial Inc. | 0.00% | Reduce -71.3% | 55,869 | $5.2M |
| Jane Street Group, LLC | 0.01% | Add +99.5% | 47,515 | $4.4M |
| William Blair Investment Management, LLC | 0.01% | Add +149.6% | 45,460 | $4.2M |
| Itau Unibanco Holding S.A. | 0.15% | Add +55.2% | 41,929 | $3.9M |
| Macquarie Group Ltd. | 0.00% | Add +36.0% | 41,118 | $3.8M |
| Baader Bank Aktiengesellschaft | 0.38% | Reduce -10.8% | 41,190 | $3.8M |
| Driehaus Capital Management LLC | 0.04% | Add +24.8% | 40,075 | $3.7M |
| Raymond James Financial Inc. | 0.00% | Reduce -3.7% | 39,471 | $3.7M |
| Kayne Anderson Rudnick Investment Management LLC | 0.01% | Reduce -7.8% | 37,801 | $3.5M |
| State Street Corp. | 0.00% | Add +2.4% | 37,270 | $3.5M |
| Evergreen Wealth Management, LLC | 2.03% | New | 36,527 | $3.4M |
| Tidal Investments LLC | 0.03% | Reduce -12.0% | 36,264 | $3.4M |
| Northern Trust Corp. | 0.00% | New | 36,066 | $3.3M |
| Acadian Asset Management LLC | 0.01% | Reduce -20.1% | 31,761 | $2.9M |
| Dumac, Inc. | 11.67% | No change | 31,510 | $2.9M |
| Abn Amro Investment Solutions | 0.06% | Reduce -3.0% | 31,054 | $2.9M |
| ABS Direct Equity Fund LLC | 3.69% | No change | 29,713 | $2.8M |
| Flossbach Von Storch SE | 0.01% | Add +66.7% | 25,000 | $2.3M |
"% of holder's portfolio" is KSPI's weight in each manager's 13F, not the share of JSC Kaspi.kz ADR the manager owns.