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

Cullen 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 Q3	$37.2M	Buy	395,907 +161,613	+69%	+$15.4M	0.38%	70
2026 Q2	$20.3M	Buy	+234,294	New	+$19.9M	0.2%	79
2025 Q4	–	Sell	-4,641	Closed	-$379K	–	232
2025 Q3	$379K	Sell	4,641 -27,205	-85%	-$2.38M	﹤0.01%	180
2025 Q2	$2.7M	Sell	31,846 -44,980	-59%	-$3.84M	0.03%	104
2025 Q1	$7.13M	Sell	76,826 -108,260	-58%	-$10.6M	0.08%	70
2024 Q4	$17.5M	Sell	185,086 -22,746	-11%	-$2.43M	0.2%	65
2024 Q3	$22M	Sell	207,832 -122,339	-37%	-$15.2M	0.24%	61
2024 Q2	$42.6M	Buy	+330,171	New	+$40.5M	0.49%	55

Other funds holding KSPI

Baillie Gifford & Co Edinburgh, United Kingdom $106B AUM 2.29% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $144B AUM 22.91% 1-Year Est. Return

Pzena Investment Management New York $34.1B AUM 26.62% 1-Year Est. Return

Spice Expeditions Westport, Connecticut $247M AUM

Fidelity Investments Boston, Massachusetts $2.32T AUM 44.66% 1-Year Est. Return

North of South Capital London, United Kingdom $1.45B AUM 10.28% 1-Year Est. Return

Coronation Fund Managers Cape Town, South Africa $2.59B AUM 22% 1-Year Est. Return

Aberdeen Group Edinburgh, United Kingdom $72.4B AUM 24.61% 1-Year Est. Return

Mondrian Investment Partners London, United Kingdom $5.39B AUM 14.53% 1-Year Est. Return

Russell Investments Group London, United Kingdom $114B AUM 33.83% 1-Year Est. Return

Cullen Capital Management's KSPI Position: Q3 2026 in Review

Cullen Capital Management increased its Kaspi.kz JSC (KSPI) stake by 69% in Q3 2026, buying an estimated $15.4M and bringing the position to 395,907 shares worth $37.2M. The position accounts for 0.38% of the portfolio, ranked #70.

Cullen Capital Management first reported a position in KSPI in Q2 2024 and has held it in 8 quarters since. The position peaked at $42.6M in Q2 2024. 92 funds tracked by Wall St. Rank hold KSPI as of Q3 2026.

Cullen Capital Management held 395,907 shares of Kaspi.kz JSC worth $37.2M as of Q3 2026.
Cullen Capital Management bought 161,613 Kaspi.kz JSC shares in Q3 2026, an estimated $15.4M.
Kaspi.kz JSC made up 0.38% of Cullen Capital Management's portfolio in Q3 2026, its #70 holding.
Cullen Capital Management first reported a position in Kaspi.kz JSC in Q2 2024 and has held it in 8 quarters since.
Cullen Capital Management's Kaspi.kz JSC position peaked at $42.6M in Q2 2024.
92 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q3 2026.

Based on Cullen Capital Management's 13F filing for Q3 2026, filed 10 Nov 2026.