Baring Fintech Fund III Managers’s Kaspi.kz JSC KSPI Stock Holding History

Baring Fintech Fund III Managers’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	$616M	Sell	7,106,927 -4,955,070	-41%	-$420M	100%	1
2026 Q1	$893M	Sell	12,061,997 -1,808,948	-13%	-$136M	100%	1
2025 Q4	$1.08B	Sell	13,870,945 -551,327	-4%	-$41.7M	100%	1
2025 Q3	$1.18B	Sell	14,422,272 -1,885,784	-12%	-$165M	100%	1
2025 Q2	$1.38B	Sell	16,308,056 -12,257,305	-43%	-$1.05B	100%	1
2025 Q1	$2.65B	Sell	28,565,361 -281,187	-1%	-$27.6M	100%	1
2024 Q4	$2.73B	Buy	+28,846,548	New	+$3.08B	100%	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

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

Samlyn Capital New York $6.14B AUM 42.05% 1-Year Est. Return

Baring Fintech Fund III Managers's KSPI Position: Q2 2026 in Review

Baring Fintech Fund III Managers reduced its Kaspi.kz JSC (KSPI) stake by 41% in Q2 2026, selling an estimated $420M and leaving 7,106,927 shares worth $616M. The position accounts for 100% of the portfolio, ranked #1.

Baring Fintech Fund III Managers first reported a position in KSPI in Q4 2024 and has held it in 7 quarters since. The position peaked at $2.73B in Q4 2024. 207 funds tracked by Wall St. Rank hold KSPI as of Q2 2026.

Baring Fintech Fund III Managers held 7,106,927 shares of Kaspi.kz JSC worth $616M as of Q2 2026.
Baring Fintech Fund III Managers sold 4,955,070 Kaspi.kz JSC shares in Q2 2026, an estimated $420M.
Kaspi.kz JSC made up 100% of Baring Fintech Fund III Managers's portfolio in Q2 2026, its #1 holding.
Baring Fintech Fund III Managers first reported a position in Kaspi.kz JSC in Q4 2024 and has held it in 7 quarters since.
Baring Fintech Fund III Managers's Kaspi.kz JSC position peaked at $2.73B in Q4 2024.
207 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q2 2026.

Based on Baring Fintech Fund III Managers's 13F filing for Q2 2026, filed 13 Aug 2026.