Brightlight Capital Management’s Kaspi.kz JSC KSPI Stock Holding History

Brightlight Capital Management’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	$27.5M	Sell	371,235 -60,765	-14%	-$4.58M	27.12%	3
2025 Q4	$33.8M	Hold	432,000	–	–	24%	2
2025 Q3	$35.3M	Hold	432,000	–	–	21.35%	2
2025 Q2	$36.7M	Buy	432,000 +111,100	+35%	+$9.48M	20.24%	2
2025 Q1	$29.8M	Hold	320,900	–	–	20.14%	2
2024 Q4	$30.4M	Hold	320,900	–	–	22.21%	2
2024 Q3	$34M	Buy	320,900 +57,258	+22%	+$7.11M	16.38%	2
2024 Q2	$34M	Hold	263,642	–	–	18.19%	2
2024 Q1	$33.9M	Buy	+263,642	New	+$27M	19.17%	2

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

Brightlight Capital Management's KSPI Position: Q1 2026 in Review

Brightlight Capital Management reduced its Kaspi.kz JSC (KSPI) stake by 14% in Q1 2026, selling an estimated $4.58M and leaving 371,235 shares worth $27.5M. The position accounts for 27.12% of the portfolio, ranked #3.

Brightlight Capital Management first reported a position in KSPI in Q1 2024 and has held it in 9 quarters since. The position peaked at $36.7M in Q2 2025. 165 funds tracked by Wall St. Rank hold KSPI as of Q1 2026.

Brightlight Capital Management held 371,235 shares of Kaspi.kz JSC worth $27.5M as of Q1 2026.
Brightlight Capital Management sold 60,765 Kaspi.kz JSC shares in Q1 2026, an estimated $4.58M.
Kaspi.kz JSC made up 27.12% of Brightlight Capital Management's portfolio in Q1 2026, its #3 holding.
Brightlight Capital Management first reported a position in Kaspi.kz JSC in Q1 2024 and has held it in 9 quarters since.
Brightlight Capital Management's Kaspi.kz JSC position peaked at $36.7M in Q2 2025.
165 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q1 2026.

Based on Brightlight Capital Management's 13F filing for Q1 2026, filed 15 May 2026.