Armor Advisors’s Kaspi.kz JSC KSPI Stock Holding History

Armor Advisors’s Portfolio KSPI Stock Details KSPI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$10.4M	Buy	141,080 +10,000	+8%	+$754K	3.51%	7
2025 Q4	$10.2M	Buy	131,080 +15,200	+13%	+$1.15M	9.16%	4
2025 Q3	$9.47M	Buy	115,880 +8,871	+8%	+$777K	5.27%	6
2025 Q2	$9.08M	Buy	107,009 +37,959	+55%	+$3.24M	4.76%	7
2025 Q1	$6.41M	Buy	+69,050	New	+$6.77M	5.11%	7
2024 Q3	–	Sell	-185,379	Closed	-$23.9M	–	14
2024 Q2	$23.9M	Sell	185,379 -53,730	-22%	-$6.59M	17.6%	1
2024 Q1	$30.8M	Buy	+239,109	New	+$24.5M	18.75%	1

Other funds holding KSPI

BFMH

Baring Fintech Manager Holding Castel, Guernsey $1.34B AUM 20.23% 1-Year Est. Return

BDP

Brehaut David Pascal $908M AUM

BFFIM

Baring Fintech Fund III Managers St Peter Port, Guernsey $893M AUM 20.23% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Pzena Investment Management New York $30.8B AUM 11.29% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Sands Capital Management Arlington, Virginia $25.5B AUM 26.46% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Armor Advisors's KSPI Position: Q1 2026 in Review

Armor Advisors increased its Kaspi.kz JSC (KSPI) stake by 7.6% in Q1 2026, buying an estimated $754K and bringing the position to 141,080 shares worth $10.4M. The position accounts for 3.51% of the portfolio, ranked #7.

Armor Advisors first reported a position in KSPI in Q1 2024 and has held it in 7 quarters since. The position peaked at $30.8M in Q1 2024. 165 funds tracked by Wall St. Rank hold KSPI as of Q1 2026.

Armor Advisors held 141,080 shares of Kaspi.kz JSC worth $10.4M as of Q1 2026.
Armor Advisors bought 10,000 Kaspi.kz JSC shares in Q1 2026, an estimated $754K.
Kaspi.kz JSC made up 3.51% of Armor Advisors's portfolio in Q1 2026, its #7 holding.
Armor Advisors first reported a position in Kaspi.kz JSC in Q1 2024 and has held it in 7 quarters since.
Armor Advisors's Kaspi.kz JSC position peaked at $30.8M in Q1 2024.
165 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q1 2026.

Based on Armor Advisors's 13F filing for Q1 2026, filed 15 May 2026.