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 Q2	$11.9M	Sell	137,171 -3,909	-3%	-$332K	8.48%	6
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 $1.45B AUM 2.06% 1-Year Est. Return

BDP

Brehaut David Pascal $1.06B AUM

BFFIM

Baring Fintech Fund III Managers St Peter Port, Guernsey $616M AUM 2.06% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Pzena Investment Management New York $34.1B AUM 23.81% 1-Year Est. Return

Spice Expeditions Westport, Connecticut $224M AUM

Schroder Investment Management Group London, United Kingdom $141B AUM 34.18% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Sands Capital Management Arlington, Virginia $26.9B AUM 34.44% 1-Year Est. Return

Armor Advisors's KSPI Position: Q2 2026 in Review

Armor Advisors reduced its Kaspi.kz JSC (KSPI) stake by 2.8% in Q2 2026, selling an estimated $332K and leaving 137,171 shares worth $11.9M. The position accounts for 8.48% of the portfolio, ranked #6.

Armor Advisors first reported a position in KSPI in Q1 2024 and has held it in 8 quarters since. The position peaked at $30.8M in Q1 2024. 207 funds tracked by Wall St. Rank hold KSPI as of Q2 2026.

Armor Advisors held 137,171 shares of Kaspi.kz JSC worth $11.9M as of Q2 2026.
Armor Advisors sold 3,909 Kaspi.kz JSC shares in Q2 2026, an estimated $332K.
Kaspi.kz JSC made up 8.48% of Armor Advisors's portfolio in Q2 2026, its #6 holding.
Armor Advisors first reported a position in Kaspi.kz JSC in Q1 2024 and has held it in 8 quarters since.
Armor Advisors's Kaspi.kz JSC position peaked at $30.8M in Q1 2024.
207 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q2 2026.

Based on Armor Advisors's 13F filing for Q2 2026, filed 10 Aug 2026.