R Squared’s Kaspi.kz JSC KSPI Stock Holding History

R Squared’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
2025 Q4	–	Sell	-2,668	Closed	-$218K	–	632
2025 Q3	$218K	Buy	+2,668	New	+$234K	0.09%	354
2025 Q2	–	Sell	-2,410	Closed	-$224K	–	524
2025 Q1	$224K	Buy	2,410 +2,250	+1,406%	+$221K	0.24%	180
2024 Q4	$15.2K	Buy	+160	New	+$17.1K	0.01%	1005

Other funds holding KSPI

BFMH

Baring Fintech Manager Holding Castel, Guernsey $1.34B AUM 20.23% 1-Year Est. Return

BFFIM

Baring Fintech Fund III Managers St Peter Port, Guernsey $893M AUM 20.23% 1-Year Est. Return

BDP

Brehaut David Pascal $908M AUM

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Pzena Investment Management New York $30.8B AUM 11.29% 1-Year Est. Return

Sands Capital Management Arlington, Virginia $25.5B AUM 26.46% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

SCA

Southpoint Capital Advisors New York $4.86B AUM 34.09% 1-Year Est. Return

R Squared's KSPI Position: Q4 2025 in Review

R Squared sold out of Kaspi.kz JSC (KSPI) in Q4 2025, closing a stake of 2,668 shares — an estimated $218K sold.

R Squared first reported a position in KSPI in Q4 2024 and held it in 3 quarters. The position peaked at $224K in Q1 2025. 174 funds tracked by Wall St. Rank hold KSPI as of Q4 2025.

R Squared reported no remaining Kaspi.kz JSC position as of Q4 2025 after selling out during the quarter.
R Squared sold 2,668 Kaspi.kz JSC shares in Q4 2025, an estimated $218K.
R Squared first reported a position in Kaspi.kz JSC in Q4 2024 and held it in 3 quarters.
R Squared's Kaspi.kz JSC position peaked at $224K in Q1 2025.
174 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q4 2025.

Based on R Squared's 13F filing for Q4 2025, filed 30 Jan 2026.