Carmignac Gestion’s Kaspi.kz JSC KSPI Stock Holding History

Carmignac Gestion’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	$16.6M	Sell	224,528 -4,442	-2%	-$335K	0.26%	47
2025 Q4	$17.9M	Sell	228,970 -21,617	-9%	-$1.63M	0.24%	49
2025 Q3	$20.5M	Buy	250,587 +66,557	+36%	+$5.83M	0.31%	48
2025 Q2	$15.6M	Buy	184,030 +16,976	+10%	+$1.45M	0.24%	50
2025 Q1	$15.5M	Hold	167,054	–	–	0.25%	55
2024 Q4	$15.8M	Sell	167,054 -1,500	-0.9%	-$160K	0.25%	52
2024 Q3	$17.9M	Sell	168,554 -31,688	-16%	-$3.94M	0.3%	47
2024 Q2	$25.8M	Buy	+200,242	New	+$24.5M	0.44%	42

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 $110B AUM 4.8% 1-Year Est. Return

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

Pzena Investment Management New York $34.1B AUM 23.81% 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

Carmignac Gestion's KSPI Position: Q1 2026 in Review

Carmignac Gestion reduced its Kaspi.kz JSC (KSPI) stake by 1.9% in Q1 2026, selling an estimated $335K and leaving 224,528 shares worth $16.6M. The position accounts for 0.26% of the portfolio, ranked #47.

Carmignac Gestion first reported a position in KSPI in Q2 2024 and has held it in 8 quarters since. The position peaked at $25.8M in Q2 2024. 166 funds tracked by Wall St. Rank hold KSPI as of Q1 2026.

Carmignac Gestion held 224,528 shares of Kaspi.kz JSC worth $16.6M as of Q1 2026.
Carmignac Gestion sold 4,442 Kaspi.kz JSC shares in Q1 2026, an estimated $335K.
Kaspi.kz JSC made up 0.26% of Carmignac Gestion's portfolio in Q1 2026, its #47 holding.
Carmignac Gestion first reported a position in Kaspi.kz JSC in Q2 2024 and has held it in 8 quarters since.
Carmignac Gestion's Kaspi.kz JSC position peaked at $25.8M in Q2 2024.
166 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q1 2026.

Based on Carmignac Gestion's 13F filing for Q1 2026, filed 15 Jun 2026.