JSC Kaspi.kz ADRKSPI
13F holders, Q3 2025 (September 30)185holders +23
43new positions
20sold out
6famous investors
$81.67avg. 13F price*
At the end of Q3 2025, 185 institutions reported holding JSC Kaspi.kz ADR (KSPI) in their 13F filings, up 23 from Q2 2025. 43 opened new positions and 20 sold out. The largest holders were Baring Fintech Manager Holding Ltd ($1.5B), Baring Fintech Fund III Managers Ltd ($1.2B) and Baillie Gifford & Co. ($390.9M). 6 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 Steve Cohen (0.0% of Point72 Asset Management's portfolio).
- Company
- JSC Kaspi.kz ADR
- Filed as
- KASPI KZ JSC (Q3 2025)
- CUSIP
- 48581R205
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 43 | $132.9M |
| Exits | 20 | $56.9M |
All 13F filers, Q2 2025 → Q3 2025: 4,396,810 shares bought and 5,865,290 shares sold, net −1,468,480 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 185 holders
| Baring Fintech Manager Holding Ltd | 100.00% | No change | 18,051,851 | $1.5B |
| Baring Fintech Fund III Managers Ltd | 100.00% | Reduce -11.6% | 14,422,272 | $1.2B |
| Baillie Gifford & Co. | 0.29% | Reduce -4.9% | 4,785,985 | $390.9M |
| FIL Ltd | 0.24% | Reduce -3.9% | 3,793,147 | $309.8M |
| Pzena Investment Management LLC | 0.46% | Add +3.1% | 1,732,148 | $141.5M |
| FMR LLC | 0.01% | Reduce -8.4% | 1,677,882 | $137.0M |
| Sands Capital Management, LLC | 0.37% | Reduce -2.3% | 1,644,240 | $134.3M |
| Schroder Investment Management Group | 0.09% | Add +4.1% | 1,446,348 | $118.1M |
| Southpoint Capital Advisors LP | 2.68% | No change | 1,250,000 | $102.1M |
| Samlyn Capital, LLC | 1.38% | Add +17.2% | 1,188,010 | $97.0M |
| GQG Partners LLC | 0.14% | Reduce -25.0% | 1,107,143 | $90.4M |
| VR Advisory Services Ltd | 21.37% | No change | 1,077,369 | $88.0M |
| Greenvale Capital LLP | 6.40% | Reduce -14.8% | 980,000 | $80.0M |
| BlackRock, Inc. | 0.00% | Reduce -41.6% | 880,306 | $71.9M |
| BIT Capital GmbH | 3.28% | Add +8.1% | 880,036 | $71.9M |
| Ameriprise Financial Inc. | 0.02% | Add +1518.9% | 869,201 | $71.0M |
| Coronation Fund Managers Ltd. | 3.51% | Reduce -7.0% | 823,295 | $67.2M |
| Mawer Investment Management Ltd. | 0.33% | Reduce -2.4% | 785,974 | $64.2M |
| Aberdeen Group plc | 0.10% | Reduce -19.8% | 779,646 | $63.5M |
| Wellington Management Group LLP | 0.01% | Add +197.6% | 742,647 | $60.7M |
| Cat Rock Capital Management LP | 6.50% | Reduce -22.1% | 645,001 | $52.7M |
| Polar Capital Holdings Plc | 0.23% | Reduce -0.2% | 586,755 | $47.9M |
| Arrowstreet Capital, Limited Partnership | 0.03% | Add +12.4% | 578,058 | $47.2M |
| Capital World Investors | 0.01% | Add +27.4% | 566,450 | $46.3M |
| Jane Street Group, LLC | 0.05% | New | 530,731 | $43.4M |
| HSBC Holdings PLC | 0.02% | Add +7.6% | 497,313 | $40.6M |
| JPMorgan Chase & Co. | 0.00% | Add +9.1% | 473,259 | $38.7M |
| Brightlight Capital Management LP | 21.35% | No change | 432,000 | $35.3M |
| Mondrian Investment Partners LTD | 0.57% | — | 420,146 | $34.3M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -3.2% | 410,878 | $33.6M |
| Brandes Investment Partners, LP | 0.27% | New | 407,732 | $33.3M |
| Untitled Investments LP | 8.73% | Add +0.3% | 396,040 | $32.3M |
| Fiera Capital Corp | 0.10% | Reduce -8.2% | 393,742 | $32.2M |
| Alliancebernstein L.P. | 0.01% | Reduce -37.7% | 377,239 | $30.8M |
| Bank of America Corp. | 0.00% | Reduce -17.3% | 344,124 | $28.1M |
| Amova Asset Management Americas, Inc. | 0.26% | Add +8.6% | 323,903 | $26.5M |
| Sumitomo Mitsui Trust Group, Inc. | 0.02% | Add +8.1% | 323,903 | $26.5M |
| Artisan Partners Limited Partnership | 0.03% | Add +2.1% | 287,193 | $23.5M |
| Legal & General Group Plc | 0.01% | Reduce -21.8% | 272,360 | $22.2M |
| Carmignac Gestion | 0.31% | Add +36.2% | 250,587 | $20.5M |
| Bienville Capital Management, LLC | 3.47% | Reduce -9.3% | 222,987 | $18.2M |
| Mirabella Financial Services LLP | 1.55% | Add +92.8% | 217,344 | $17.8M |
| Luxor Capital Group, LP | 2.42% | Reduce -0.8% | 212,479 | $17.4M |
| Ninety One UK Ltd | 0.04% | Reduce -51.9% | 206,743 | $16.9M |
| WCM Investment Management, LLC | 0.03% | Reduce -0.9% | 200,876 | $16.4M |
| Morgan Stanley | 0.00% | Add +53.0% | 192,909 | $15.8M |
| Franklin Resources Inc. | 0.00% | Add +2.3% | 192,112 | $15.7M |
| Gemsstock Ltd. | 3.14% | Reduce -43.0% | 186,662 | $15.2M |
| Generali Investments CEE, investicni spolecnost, a.s. | 1.16% | Add +10.3% | 185,837 | $15.2M |
| Southeastern Asset Management Inc. | 0.74% | Reduce -5.5% | 178,444 | $14.6M |
| Sei Investments Co. | 0.02% | Reduce -0.1% | 176,995 | $14.5M |
| Cape Ann Asset Management Ltd | 4.78% | New | 173,700 | $14.2M |
| Geode Capital Management, LLC | 0.00% | Add +1.4% | 167,800 | $13.7M |
| Weiss Asset Management LP | 0.23% | No change | 157,419 | $12.9M |
| Harding Loevner LP | 0.09% | Add +2.3% | 154,802 | $12.6M |
| Russell Investments Group, Ltd. | 0.01% | Reduce -16.6% | 153,500 | $12.5M |
| Philosophy Capital Management LLC | 1.36% | Reduce -40.2% | 143,704 | $11.7M |
| Public Employees Retirement System of Ohio | 0.04% | Reduce -2.6% | 143,625 | $11.7M |
| ARK Investment Management | 0.07% | Add +17.5% | 141,780 | $11.6M |
| Balyasny Asset Management L.P. | 0.02% | New | 130,580 | $10.7M |
| State of New Jersey Common Pension Fund D | 0.04% | No change | 116,801 | $9.5M |
| Armor Advisors, L.L.C. | 8.97% | Add +8.3% | 115,880 | $9.5M |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | 0.30% | Add +33.1% | 113,903 | $9.3M |
| Fairtree Asset Management (Pty) Ltd | 6.02% | Add +2.8% | 112,594 | $9.2M |
| Cannell Capital LLC | 2.33% | Add +307.3% | 108,799 | $8.9M |
| Exchange Traded Concepts, LLC | 0.08% | Add +0.5% | 107,918 | $8.8M |
| Norwood Investment Partners, LP | 7.38% | Add +10.5% | 105,104 | $8.6M |
| Van Eck Associates Corp. | 0.01% | Reduce -20.7% | 104,153 | $8.5M |
| Jump Financial, LLC | 0.11% | Add +303.7% | 102,542 | $8.4M |
| T. Rowe Price Associates Inc. | 0.00% | Add +2.9% | 98,998 | $8.1M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.04% | No change | 90,434 | $7.4M |
| Renaissance Capital LLC | 4.11% | Add +36.7% | 89,750 | $7.3M |
| Hood River Capital Management LLC | 0.09% | Add +4.5% | 88,368 | $7.2M |
| Truffle Hound Capital, LLC | 4.35% | Add +13.3% | 85,000 | $6.9M |
| Itau Unibanco Holding S.A. | 0.20% | Add +32.4% | 73,461 | $6.0M |
| Millennium Management | 0.00% | Add +118.5% | 68,634 | $5.6M |
| Robeco Institutional Asset Management B.V. | 0.01% | Add +18.2% | 65,000 | $5.3M |
| Crawford Fund Management, LLC | 2.55% | Reduce -6.3% | 57,665 | $4.7M |
| Amundi | 0.00% | Reduce -3.1% | 55,878 | $4.3M |
| Voloridge Investment Management, LLC | 0.01% | Reduce -31.4% | 51,760 | $4.2M |
| Pictet Asset Management Holding SA | 0.00% | Add +0.3% | 49,796 | $4.1M |
| Macquarie Group Ltd. | 0.00% | Reduce -3.2% | 45,171 | $3.7M |
| Tidal Investments LLC | 0.01% | Add +20.9% | 41,404 | $3.4M |
| Evergreen Wealth Management, LLC | 1.74% | Add +7.7% | 40,603 | $3.3M |
| Baader Bank Aktiengesellschaft | 0.27% | Add +3.9% | 40,247 | $3.3M |
| Prelude Capital Management, LLC | 0.24% | Add +42.9% | 38,161 | $3.1M |
| Point72 Asset Management | 0.01% | New | 37,000 | $3.0M |
| BNP Paribas Financial Markets | 0.00% | Add +96.6% | 36,850 | $3.0M |
| Verition Fund Management LLC | 0.02% | New | 35,410 | $2.9M |
| Burkehill Global Management, LP | 0.17% | New | 35,000 | $2.9M |
| ABS Direct Equity Fund LLC | 4.00% | Add +15.4% | 34,283 | $2.8M |
| Marshall Wace, LLP | 0.00% | New | 31,746 | $2.6M |
| Abn Amro Investment Solutions | 0.05% | Reduce -2.3% | 31,334 | $2.6M |
| Wexford Capital LP | 0.76% | Add +247.8% | 30,960 | $2.5M |
| Qube Research & Technologies Ltd | 0.00% | Reduce -4.1% | 29,073 | $2.4M |
| Engineers Gate Manager LP | 0.03% | Add +182.0% | 27,313 | $2.2M |
| D. E. Shaw & Co. | 0.00% | Add +90.7% | 25,440 | $2.1M |
| Massar Capital Management, LP | 0.74% | New | 25,360 | $2.1M |
| Main Management ETF Advisors, LLC | 0.07% | Add +160.3% | 24,800 | $2.0M |
| Virtu Financial LLC | 0.11% | Add +59.6% | 23,853 | $1.9M |
| UBS Group AG | 0.00% | Add +18.4% | 22,517 | $1.8M |
| Capital International Investors | 0.00% | New | 21,812 | $1.8M |
| Flossbach Von Storch SE | 0.01% | No change | 21,500 | $1.8M |
| Acadian Asset Management LLC | 0.00% | Reduce -12.2% | 20,376 | $1.7M |
| Federation des caisses Desjardins du Quebec | 0.01% | Add +36.4% | 17,942 | $1.5M |
| Cubist Systematic Strategies, LLC | 0.02% | New | 17,912 | $1.5M |
| Dodge & Cox | 0.00% | Add +127.8% | 17,826 | $1.5M |
| Capricorn Fund Managers Ltd | 0.47% | No change | 17,000 | $1.4M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | New | 16,456 | $1.3M |
| Boothbay Fund Management, LLC | 0.03% | New | 15,401 | $1.3M |
| Driehaus Capital Management LLC | 0.01% | New | 15,190 | $1.2M |
| GAM Holding AG | 0.08% | New | 15,000 | $1.2M |
| Hyperion Capital Advisors LP | 0.64% | Add +30.5% | 14,560 | $1.2M |
| State Street Corp. | 0.00% | Reduce -1.5% | 14,183 | $1.2M |
| Aquatic Capital Management LLC | 0.02% | New | 14,108 | $1.2M |
| Susquehanna International Group, LLP | 0.00% | New | 13,871 | $1.1M |
| Kerrisdale Advisers, LLC | 0.58% | Add +23.7% | 13,665 | $1.1M |
| Y-Intercept (Hong Kong) Ltd | 0.02% | Add +295.8% | 12,556 | $1.0M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +151.1% | 13,245 | $1.0M |
| Ariel Investments | 0.01% | Add +11.4% | 12,263 | $1.0M |
| Cantor Fitzgerald, L. P. | 0.02% | Add +205.3% | 12,213 | $998K |
| FourWorld Capital Management LLC | 1.98% | No change | 10,000 | $817K |
| ANTIPODES PARTNERS Ltd | 0.02% | New | 9,926 | $811K |
| IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd | 0.99% | No change | 9,000 | $735K |
| Quadrature Capital Ltd | 0.01% | Add +8.4% | 8,964 | $732K |
| Steamboat Capital Partners, LLC | 0.18% | Reduce -5.3% | 8,488 | $693K |
| Headlands Technologies LLC | 0.05% | New | 8,393 | $686K |
| Dynamic Technology Lab Private Ltd | 0.11% | New | 8,260 | $675K |
| Royal Bank of Canada | 0.00% | Add +730.3% | 8,004 | $654K |
| HRT Financial LP | 0.00% | New | 7,619 | $622K |
| E. Ohman J:or Asset Management AB | 0.01% | Add +8.8% | 7,513 | $614K |
| LSV Asset Management | 0.00% | Add +50.0% | 7,500 | $613K |
| First Trust Advisors LP | 0.00% | Add +89.9% | 7,495 | $612K |
| Eschler Asset Management LLP | 0.45% | No change | 7,400 | $604K |
| Mariner, LLC | 0.00% | Reduce -6.0% | 7,290 | $595K |
| Wolverine Trading, LLC | 0.01% | New | 7,219 | $591K |
| Lansforsakringar Fondforvaltning AB (publ) | 0.00% | New | 6,992 | $571K |
| Citadel Advisors | 0.00% | Reduce -75.3% | 6,879 | $562K |
| Federated Hermes, Inc. | 0.00% | No change | 6,345 | $518K |
| Corsair Capital Management, L.P. | 0.09% | New | 6,000 | $490K |
| Commerce Bank | 0.00% | No change | 5,677 | $464K |
| Corient Private Wealth LP | 0.00% | New | 5,652 | $462K |
| Global Endowment Management, LP | 0.05% | Add +40.6% | 5,330 | $435K |
| Point72 Hong Kong Ltd | 0.02% | New | 4,800 | $392K |
| Cullen Capital Management, LLC | 0.00% | Reduce -85.4% | 4,641 | $379K |
| Yorktown Management & Research Co Inc | 0.30% | New | 4,550 | $372K |
| Ingalls & Snyder LLC | 0.01% | No change | 4,164 | $340K |
| Neuberger Berman Group LLC | 0.00% | Add +6.5% | 4,131 | $337K |
| Squarepoint Ops LLC | 0.00% | New | 4,047 | $331K |
| Ruane, Cunniff & Goldfarb L.P. | 0.01% | New | 3,712 | $303K |
| Advisory Services Network, LLC | 0.00% | Reduce -10.3% | 3,285 | $268K |
| Pitcairn Co. | 0.02% | Reduce -28.8% | 3,272 | $267K |
| LPL Financial LLC | 0.00% | New | 2,985 | $244K |
| Matthews International Capital Management LLC | 0.05% | Reduce -88.6% | 2,834 | $231K |
| Aigen Investment Management, LP | 0.03% | Reduce -27.7% | 2,730 | $223K |
| R Squared Ltd | 0.09% | New | 2,668 | $218K |
| Envestnet Asset Management Inc. | 0.00% | New | 2,596 | $212K |
| Simplex Trading, LLC | 0.00% | Add +142.9% | 2,427 | $198K |
| Sandia Investment Management LP | 0.54% | New | 2,175 | $178K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Add +3.5% | 2,022 | $165K |
| Toronto Dominion Bank | 0.00% | No change | 1,972 | $161K |
| Natixis | 0.00% | No change | 1,838 | $150K |
| Asset Management One Co., Ltd. | 0.00% | Add +3.8% | 1,436 | $117K |
| State of Wyoming | 0.01% | Add +56.5% | 1,064 | $87K |
| Citigroup Inc. | 0.00% | Add +15.4% | 1,056 | $86K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | New | 874 | $71K |
| Barclays PLC | 0.00% | New | 800 | $65K |
| Hantz Financial Services, Inc. | 0.00% | Add +194.1% | 794 | $65K |
| Caitong International Asset Management Co., Ltd | 0.02% | Add +146.4% | 414 | $34K |
| Kayne Anderson Rudnick Investment Management LLC | 0.00% | New | 302 | $25K |
| UMB Bank, n.a. | 0.00% | Add +7.6% | 270 | $22K |
| Wells Fargo & Company | 0.00% | Add +15.7% | 184 | $15K |
| Osaic Holdings, Inc. | 0.00% | Add +18.2% | 143 | $12K |
| PNC Financial Services Group, Inc. | 0.00% | New | 121 | $10K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -49.5% | 101 | $8K |
| Jones Financial Companies LLLP | 0.00% | Reduce -34.8% | 75 | $6K |
| National Bank of Canada | 0.00% | New | 68 | $6K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -56.1% | 43 | $4K |
| Rockefeller Capital Management L.P. | 0.00% | New | 27 | $2K |
| Crewe Advisors LLC | 0.00% | New | 25 | $2K |
| Global Retirement Partners, LLC | 0.00% | New | 22 | $2K |
| Private Trust Co. NA | 0.00% | New | 18 | $1K |
| Lanark Financial, Inc. | 0.00% | New | 6 | $490 |
| Larson Financial Group LLC | 0.00% | Reduce -79.2% | 5 | $408 |
| GAMMA Investing LLC | 0.00% | Reduce -25.0% | 3 | $245 |
"% of holder's portfolio" is KSPI's weight in each manager's 13F, not the share of JSC Kaspi.kz ADR the manager owns.