Gemsstock Ltd’s Kaspi.kz JSC KSPI Stock Holding History

Gemsstock Ltd’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	$34.2M	Sell	394,491 -114,656	-23%	-$9.73M	11.12%	3
2026 Q1	$37.7M	Buy	509,147 +320,885	+170%	+$24.2M	3.97%	10
2025 Q4	$14.7M	Buy	188,262 +1,600	+0.9%	+$121K	1.85%	21
2025 Q3	$15.2M	Sell	186,662 -140,700	-43%	-$12.3M	3.14%	13
2025 Q2	$27.8M	Sell	327,362 -82,638	-20%	-$7.05M	4.95%	5
2025 Q1	$38.1M	Buy	410,000 +277,687	+210%	+$27.2M	14.34%	1
2024 Q4	$12.5M	Buy	+132,313	New	+$14.1M	2.59%	11

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

Gemsstock Ltd's KSPI Position: Q2 2026 in Review

Gemsstock Ltd reduced its Kaspi.kz JSC (KSPI) stake by 23% in Q2 2026, selling an estimated $9.73M and leaving 394,491 shares worth $34.2M. The position accounts for 11.12% of the portfolio, ranked #3.

Gemsstock Ltd first reported a position in KSPI in Q4 2024 and has held it in 7 quarters since. The position peaked at $38.1M in Q1 2025. 207 funds tracked by Wall St. Rank hold KSPI as of Q2 2026.

Gemsstock Ltd held 394,491 shares of Kaspi.kz JSC worth $34.2M as of Q2 2026.
Gemsstock Ltd sold 114,656 Kaspi.kz JSC shares in Q2 2026, an estimated $9.73M.
Kaspi.kz JSC made up 11.12% of Gemsstock Ltd's portfolio in Q2 2026, its #3 holding.
Gemsstock Ltd first reported a position in Kaspi.kz JSC in Q4 2024 and has held it in 7 quarters since.
Gemsstock Ltd's Kaspi.kz JSC position peaked at $38.1M in Q1 2025.
207 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q2 2026.

Based on Gemsstock Ltd's 13F filing for Q2 2026, filed 10 Aug 2026.