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 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

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

Cullen Capital Management's KSPI Position: Q2 2026 in Review

Cullen Capital Management opened a new position in Kaspi.kz JSC (KSPI) in Q2 2026: 234,294 shares worth $20.3M. The stake represents 0.2% of the portfolio and ranks #79 among its holdings. This is a return to the name: Cullen Capital Management previously reported a position in KSPI as recently as Q3 2025.

Cullen Capital Management first reported a position in KSPI in Q2 2024 and has held it in 7 quarters since. The position peaked at $42.6M in Q2 2024. 206 funds tracked by Wall St. Rank hold KSPI as of Q2 2026.

Cullen Capital Management held 234,294 shares of Kaspi.kz JSC worth $20.3M as of Q2 2026.
Kaspi.kz JSC was a new Cullen Capital Management position in Q2 2026.
Kaspi.kz JSC made up 0.2% of Cullen Capital Management's portfolio in Q2 2026, its #79 holding.
Cullen Capital Management first reported a position in Kaspi.kz JSC in Q2 2024 and has held it in 7 quarters since.
Cullen Capital Management's Kaspi.kz JSC position peaked at $42.6M in Q2 2024.
206 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q2 2026.

Based on Cullen Capital Management's 13F filing for Q2 2026, filed 13 Aug 2026.