North of South Capital’s Kaspi.kz JSC KSPI Stock Holding History

North of South Capital’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	$85.5M	Buy	987,390 +417,709	+73%	+$35.4M	6.3%	7
2026 Q1	$42.2M	Buy	569,681 +551,444	+3,024%	+$41.6M	3.79%	10
2025 Q4	$1.42M	Buy	+18,237	New	+$1.38M	0.13%	20
2024 Q3	–	Sell	-9,996	Closed	-$1.29M	–	20
2024 Q2	$1.29M	Buy	+9,996	New	+$1.23M	0.33%	14

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

North of South Capital's KSPI Position: Q2 2026 in Review

North of South Capital increased its Kaspi.kz JSC (KSPI) stake by 73% in Q2 2026, buying an estimated $35.4M and bringing the position to 987,390 shares worth $85.5M. The position accounts for 6.3% of the portfolio, ranked #7.

North of South Capital first reported a position in KSPI in Q2 2024 and has held it in 4 quarters since. 206 funds tracked by Wall St. Rank hold KSPI as of Q2 2026.

North of South Capital held 987,390 shares of Kaspi.kz JSC worth $85.5M as of Q2 2026.
North of South Capital bought 417,709 Kaspi.kz JSC shares in Q2 2026, an estimated $35.4M.
Kaspi.kz JSC made up 6.3% of North of South Capital's portfolio in Q2 2026, its #7 holding.
North of South Capital first reported a position in Kaspi.kz JSC in Q2 2024 and has held it in 4 quarters since.
206 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q2 2026.

Based on North of South Capital's 13F filing for Q2 2026, filed 30 Jul 2026.