JSC Kaspi.kz ADRKSPI
13F holders, Q2 2025 (June 30)162holders −29
14new positions
42sold out
5famous investors
$84.89avg. 13F price*
At the end of Q2 2025, 162 institutions reported holding JSC Kaspi.kz ADR (KSPI) in their 13F filings, down 29 from Q1 2025. 14 opened new positions and 42 sold out. The largest holders were Baring Fintech Manager Holding Ltd ($1.5B), Baring Fintech Fund III Managers Ltd ($1.4B) and Baillie Gifford & Co. ($427.1M). 5 famous investors held it, including Cathie Wood (0.1% of ARK Investment Management's portfolio), John W. Rogers Jr. (0.0% of Ariel Investments's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- JSC Kaspi.kz ADR
- Filed as
- KASPI KZ JSC (Q2 2025)
- CUSIP
- 48581R205
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 14 | $36.0M |
| Exits | 42 | $94.3M |
All 13F filers, Q1 2025 → Q2 2025: 3,321,100 shares bought and 16,755,182 shares sold, net −13,434,082 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 162 holders
| Baring Fintech Manager Holding Ltd | 100.00% | No change | 18,051,851 | $1.5B |
| Baring Fintech Fund III Managers Ltd | 100.00% | Reduce -42.9% | 16,308,056 | $1.4B |
| Baillie Gifford & Co. | 0.32% | Reduce -4.3% | 5,031,214 | $427.1M |
| FIL Ltd | 0.29% | Reduce -3.9% | 3,946,542 | $335.0M |
| FMR LLC | 0.01% | Add +28.2% | 1,832,170 | $155.5M |
| Sands Capital Management, LLC | 0.41% | Add +28.3% | 1,682,013 | $142.8M |
| Pzena Investment Management LLC | 0.46% | Add +17.3% | 1,680,646 | $142.7M |
| BlackRock, Inc. | 0.00% | Reduce -36.7% | 1,507,230 | $127.9M |
| GQG Partners LLC | 0.18% | Reduce -14.7% | 1,476,651 | $125.4M |
| Schroder Investment Management Group | 0.10% | Add +2.2% | 1,389,030 | $117.9M |
| Southpoint Capital Advisors LP | 2.67% | No change | 1,250,000 | $106.1M |
| Greenvale Capital LLP | 8.73% | No change | 1,150,000 | $97.6M |
| VR Advisory Services Ltd | 24.81% | Add +12.8% | 1,077,369 | $91.5M |
| Samlyn Capital, LLC | 1.25% | Reduce -18.3% | 1,013,302 | $86.0M |
| Aberdeen Group plc | 0.14% | Add +1.3% | 971,840 | $82.6M |
| Coronation Fund Managers Ltd. | 4.07% | Add +64.9% | 885,058 | $75.1M |
| Cat Rock Capital Management LP | 8.86% | Reduce -18.3% | 828,511 | $70.3M |
| BIT Capital GmbH | 4.50% | Reduce -12.6% | 814,163 | $69.1M |
| Mawer Investment Management Ltd. | 0.35% | Reduce -6.4% | 805,524 | $68.4M |
| Alliancebernstein L.P. | 0.02% | Reduce -4.8% | 605,698 | $51.4M |
| Polar Capital Holdings Plc | 0.26% | Add +184.7% | 587,774 | $49.9M |
| Arrowstreet Capital, Limited Partnership | 0.03% | Add +2.6% | 514,178 | $43.6M |
| HSBC Holdings PLC | 0.03% | Reduce -4.9% | 462,229 | $39.2M |
| Capital World Investors | 0.01% | Add +0.4% | 444,480 | $37.7M |
| JPMorgan Chase & Co. | 0.00% | Add +16.7% | 433,709 | $36.8M |
| Brightlight Capital Management LP | 20.24% | Add +34.6% | 432,000 | $36.7M |
| Ninety One UK Ltd | 0.09% | Reduce -8.8% | 429,610 | $36.5M |
| Fiera Capital Corp | 0.12% | Add +8.3% | 428,859 | $36.4M |
| Goldman Sachs Group Inc. | 0.01% | Add +15.5% | 424,580 | $36.0M |
| Bank of America Corp. | 0.00% | Add +50.1% | 415,965 | $35.3M |
| Untitled Investments LP | 9.16% | Reduce -7.4% | 394,910 | $33.5M |
| Legal & General Group Plc | 0.01% | Add +5.0% | 348,296 | $29.6M |
| Gemsstock Ltd. | 4.95% | Reduce -20.2% | 327,362 | $27.8M |
| Sumitomo Mitsui Trust Group, Inc. | 0.02% | Reduce -4.6% | 299,625 | $25.4M |
| Amova Asset Management Americas, Inc. | 0.25% | Reduce -4.9% | 298,309 | $25.3M |
| Park West Asset Management LLC | 1.88% | Reduce -44.3% | 290,028 | $24.6M |
| Artisan Partners Limited Partnership | 0.04% | Add +8.3% | 281,296 | $23.9M |
| Wellington Management Group LLP | 0.00% | Reduce -27.3% | 249,546 | $21.2M |
| Bienville Capital Management, LLC | 4.11% | Add +42.2% | 245,854 | $20.9M |
| Philosophy Capital Management LLC | 2.57% | Add +0.5% | 240,154 | $20.4M |
| Luxor Capital Group, LP | 2.40% | Reduce -41.8% | 214,165 | $18.2M |
| WCM Investment Management, LLC | 0.04% | Reduce -3.4% | 202,650 | $17.5M |
| Southeastern Asset Management Inc. | 0.81% | New | 188,806 | $16.0M |
| Franklin Resources Inc. | 0.00% | Add +0.8% | 187,799 | $15.9M |
| Carmignac Gestion | 0.24% | Add +10.2% | 184,030 | $15.6M |
| Russell Investments Group, Ltd. | 0.02% | Add +18.9% | 184,063 | $15.6M |
| Sei Investments Co. | 0.02% | Add +13.3% | 177,173 | $15.0M |
| Generali Investments CEE, investicni spolecnost, a.s. | 1.18% | Add +23.7% | 168,414 | $14.3M |
| Geode Capital Management, LLC | 0.00% | Reduce -0.3% | 165,512 | $14.1M |
| Weiss Asset Management LP | 0.25% | No change | 157,419 | $13.4M |
| Harding Loevner LP | 0.09% | Reduce -18.8% | 151,360 | $12.8M |
| Public Employees Retirement System of Ohio | 0.04% | Add +9.8% | 147,485 | $12.5M |
| Capital International, Inc. | 0.12% | Add +8.6% | 143,124 | $12.1M |
| Van Eck Associates Corp. | 0.01% | Reduce -32.6% | 131,277 | $11.1M |
| Comgest Global Investors S.A.S. | 0.19% | Add +1.0% | 128,126 | $10.9M |
| Morgan Stanley | 0.00% | Reduce -7.0% | 126,050 | $10.7M |
| ARK Investment Management | 0.08% | Reduce -7.9% | 120,704 | $10.2M |
| State of New Jersey Common Pension Fund D | 0.04% | No change | 116,801 | $9.9M |
| Mirabella Financial Services LLP | 1.03% | Reduce -16.3% | 112,701 | $9.6M |
| Fairtree Asset Management (Pty) Ltd | 7.01% | Add +12.3% | 109,506 | $9.3M |
| Exchange Traded Concepts, LLC | 0.12% | Add +749.2% | 107,402 | $9.1M |
| Armor Advisors, L.L.C. | 9.02% | Add +55.0% | 107,009 | $9.1M |
| T. Rowe Price Associates Inc. | 0.00% | Add +22.8% | 96,254 | $8.2M |
| Norwood Investment Partners, LP | 6.05% | New | 95,104 | $8.1M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.04% | No change | 90,434 | $7.7M |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | 0.21% | Add +38.0% | 85,555 | $7.3M |
| Hood River Capital Management LLC | 0.10% | Add +12.7% | 84,573 | $7.2M |
| Voloridge Investment Management, LLC | 0.02% | Reduce -38.8% | 75,497 | $6.4M |
| Truffle Hound Capital, LLC | 4.21% | No change | 75,000 | $6.4M |
| Renaissance Capital LLC | 3.89% | Add +6.7% | 65,635 | $5.6M |
| Crawford Fund Management, LLC | 3.08% | Add +1.3% | 61,565 | $5.2M |
| Amundi | 0.00% | Reduce -2.0% | 57,694 | $4.9M |
| Itau Unibanco Holding S.A. | 0.18% | Add +32.4% | 55,503 | $4.7M |
| Robeco Institutional Asset Management B.V. | 0.01% | Reduce -3.2% | 55,000 | $4.7M |
| Ameriprise Financial Inc. | 0.00% | Reduce -3.9% | 53,692 | $4.6M |
| Pictet Asset Management Holding SA | 0.00% | Reduce -52.6% | 49,630 | $4.2M |
| Macquarie Group Ltd. | 0.00% | Add +13.4% | 46,648 | $4.0M |
| Baader Bank Aktiengesellschaft | 0.28% | Reduce -6.0% | 38,729 | $3.3M |
| Evergreen Wealth Management, LLC | 1.80% | Add +3.2% | 37,705 | $3.2M |
| Tidal Investments LLC | 0.02% | Reduce -5.6% | 34,242 | $2.9M |
| Abn Amro Investment Solutions | 0.05% | Add +3.3% | 32,076 | $2.7M |
| Cullen Capital Management, LLC | 0.03% | Reduce -58.5% | 31,846 | $2.7M |
| Dumac, Inc. | 16.80% | No change | 31,510 | $2.7M |
| Millennium Management | 0.00% | Reduce -83.8% | 31,404 | $2.7M |
| Qube Research & Technologies Ltd | 0.00% | Reduce -56.5% | 30,313 | $2.6M |
| ABS Direct Equity Fund LLC | 4.01% | No change | 29,713 | $2.5M |
| SG Americas Securities, LLC | 0.01% | Add +70.1% | 28,637 | $2.4M |
| Citadel Advisors | 0.00% | Add +466.1% | 27,898 | $2.4M |
| Amitell Capital Pte Ltd | 1.31% | Add +85.0% | 27,443 | $2.3M |
| Cannell Capital LLC | 0.71% | New | 26,713 | $2.3M |
| Prelude Capital Management, LLC | 0.22% | New | 26,713 | $2.3M |
| Jump Financial, LLC | 0.03% | New | 25,400 | $2.2M |
| Matthews International Capital Management LLC | 0.49% | New | 24,941 | $2.1M |
| Acadian Asset Management LLC | 0.00% | Reduce -26.9% | 23,219 | $2.0M |
| Flossbach Von Storch SE | 0.01% | Reduce -14.0% | 21,500 | $1.8M |
| UBS Group AG | 0.00% | Reduce -66.0% | 19,010 | $1.6M |
| BNP Paribas Financial Markets | 0.00% | Add +203.4% | 18,747 | $1.6M |
| Capricorn Fund Managers Ltd | 0.68% | No change | 17,000 | $1.4M |
| Virtu Financial LLC | 0.07% | Reduce -0.6% | 14,944 | $1.3M |
| State Street Corp. | 0.00% | Reduce -61.4% | 14,393 | $1.2M |
| D. E. Shaw & Co. | 0.00% | New | 13,342 | $1.1M |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +219133.3% | 13,154 | $1.1M |
| Deutsche Bank AG | 0.00% | No change | 11,500 | $976K |
| Hyperion Capital Advisors LP | 0.59% | Add +21.3% | 11,160 | $947K |
| Kerrisdale Advisers, LLC | 0.49% | Add +325.0% | 11,050 | $938K |
| Ariel Investments | 0.01% | Add +54.4% | 11,009 | $935K |
| FourWorld Capital Management LLC | 0.61% | No change | 10,000 | $849K |
| IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd | 1.23% | No change | 9,000 | $836K |
| M&T Bank Corp | 0.00% | Reduce -1.2% | 9,812 | $833K |
| Engineers Gate Manager LP | 0.01% | Reduce -54.6% | 9,685 | $822K |
| Main Management ETF Advisors, LLC | 0.03% | Add +1.7% | 9,529 | $809K |
| Steamboat Capital Partners, LLC | 0.22% | Reduce -1.7% | 8,960 | $761K |
| Wexford Capital LP | 0.21% | Add +89.7% | 8,901 | $756K |
| Capital International Sarl | 0.01% | Add +2.7% | 8,601 | $730K |
| Aviva PLC | 0.00% | No change | 8,385 | $712K |
| Quadrature Capital Ltd | 0.01% | Add +73.9% | 8,267 | $701K |
| Dodge & Cox | 0.00% | Add +21.8% | 7,826 | $664K |
| Mariner, LLC | 0.00% | Add +8.2% | 7,757 | $659K |
| Eschler Asset Management LLP | 0.47% | New | 7,400 | $628K |
| E. Ohman J:or Asset Management AB | 0.01% | Add +58.7% | 6,903 | $586K |
| Federated Hermes, Inc. | 0.00% | No change | 6,345 | $539K |
| Group One Trading LLC | 0.02% | New | 5,924 | $503K |
| Commerce Bank | 0.00% | No change | 5,677 | $482K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | New | 5,275 | $446K |
| LSV Asset Management | 0.00% | Reduce -73.8% | 5,000 | $424K |
| Pitcairn Co. | 0.03% | Reduce -29.5% | 4,594 | $390K |
| Ingalls & Snyder LLC | 0.01% | Add +7.5% | 4,164 | $353K |
| Cantor Fitzgerald, L. P. | 0.01% | No change | 4,000 | $340K |
| First Trust Advisors LP | 0.00% | New | 3,947 | $335K |
| Neuberger Berman Group LLC | 0.00% | No change | 3,879 | $329K |
| Global Endowment Management, LP | 0.04% | Reduce -27.8% | 3,792 | $322K |
| Aigen Investment Management, LP | 0.04% | Reduce -29.7% | 3,774 | $320K |
| Advisory Services Network, LLC | 0.00% | Add +37.1% | 3,662 | $289K |
| Y-Intercept (Hong Kong) Ltd | 0.01% | Reduce -55.9% | 3,172 | $269K |
| Altshuler Shaham Ltd | 0.01% | Add +20.0% | 3,000 | $255K |
| Daiwa Securities Group Inc. | 0.00% | Reduce -37.8% | 2,774 | $235K |
| Toronto Dominion Bank | 0.00% | Add +0.1% | 1,972 | $168K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Add +12.5% | 1,953 | $166K |
| Natixis | 0.00% | Reduce -14.6% | 1,838 | $156K |
| Asset Management One Co., Ltd. | 0.00% | Add +25.5% | 1,384 | $117K |
| Brooklyn Investment Group | 0.01% | Add +363.4% | 1,075 | $91K |
| Ridgewood Investments LLC | 0.04% | No change | 1,000 | $85K |
| Simplex Trading, LLC | 0.00% | New | 999 | $84K |
| Royal Bank of Canada | 0.00% | Reduce -83.5% | 964 | $81K |
| Citigroup Inc. | 0.00% | Add +281.3% | 915 | $78K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 868 | $74K |
| State of Wyoming | 0.01% | Reduce -18.3% | 680 | $58K |
| Hantz Financial Services, Inc. | 0.00% | Add +500.0% | 270 | $23K |
| UMB Bank, n.a. | 0.00% | Reduce -6.3% | 251 | $21K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -78.4% | 200 | $17K |
| Caitong International Asset Management Co., Ltd | 0.01% | Reduce -88.0% | 168 | $14K |
| Wells Fargo & Company | 0.00% | Reduce -69.9% | 159 | $14K |
| Byrne Asset Management LLC | 0.01% | No change | 130 | $11K |
| Osaic Holdings, Inc. | 0.00% | Add +1110.0% | 121 | $10K |
| Jones Financial Companies LLLP | 0.00% | Add +360.0% | 115 | $10K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -47.6% | 110 | $9K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -38.4% | 98 | $8K |
| Raymond James Financial Inc. | 0.00% | Reduce -99.8% | 95 | $8K |
| Lazard Asset Management LLC | 0.00% | No change | 38 | $3K |
| Larson Financial Group LLC | 0.00% | New | 24 | $2K |
| GAMMA Investing LLC | 0.00% | Reduce -98.9% | 4 | $340 |
| Cwm, LLC | 0.00% | New | 5 | $0 |
"% of holder's portfolio" is KSPI's weight in each manager's 13F, not the share of JSC Kaspi.kz ADR the manager owns.