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 Q2	$19.6M	Buy	226,666 +2,138	+1%	+$181K	0.26%	43
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 $1.45B 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

Carmignac Gestion's KSPI Position: Q2 2026 in Review

Carmignac Gestion increased its Kaspi.kz JSC (KSPI) stake by 0.95% in Q2 2026, buying an estimated $181K and bringing the position to 226,666 shares worth $19.6M. The position accounts for 0.26% of the portfolio, ranked #43.

Carmignac Gestion first reported a position in KSPI in Q2 2024 and has held it in 9 quarters since. The position peaked at $25.8M in Q2 2024. 207 funds tracked by Wall St. Rank hold KSPI as of Q2 2026.

Carmignac Gestion held 226,666 shares of Kaspi.kz JSC worth $19.6M as of Q2 2026.
Carmignac Gestion bought 2,138 Kaspi.kz JSC shares in Q2 2026, an estimated $181K.
Kaspi.kz JSC made up 0.26% of Carmignac Gestion's portfolio in Q2 2026, its #43 holding.
Carmignac Gestion first reported a position in Kaspi.kz JSC in Q2 2024 and has held it in 9 quarters since.
Carmignac Gestion's Kaspi.kz JSC position peaked at $25.8M in Q2 2024.
207 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q2 2026.

Based on Carmignac Gestion's 13F filing for Q2 2026, filed 13 Aug 2026.