VR Advisory Services’s Kaspi.kz JSC KSPI Stock Holding History

VR Advisory Services’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	$91M	Sell	1,049,999 -27,370	-3%	-$2.32M	8.07%	3
2026 Q1	$79.8M	Hold	1,077,369	–	–	9.44%	2
2025 Q4	$84.2M	Hold	1,077,369	–	–	13.32%	3
2025 Q3	$88M	Hold	1,077,369	–	–	21.34%	1
2025 Q2	$91.5M	Buy	1,077,369 +121,907	+13%	+$10.4M	24.38%	2
2025 Q1	$88.7M	Buy	955,462 +119,299	+14%	+$11.7M	23.14%	2
2024 Q4	$79.2M	Buy	836,163 +101,955	+14%	+$10.9M	19.79%	2
2024 Q3	$77.8M	Buy	734,208 +254,864	+53%	+$31.7M	26.81%	1
2024 Q2	$61.8M	Buy	+479,344	New	+$58.8M	24.98%	1

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

VR Advisory Services's KSPI Position: Q2 2026 in Review

VR Advisory Services reduced its Kaspi.kz JSC (KSPI) stake by 2.5% in Q2 2026, selling an estimated $2.32M and leaving 1,049,999 shares worth $91M. The position accounts for 8.07% of the portfolio, ranked #3.

VR Advisory Services first reported a position in KSPI in Q2 2024 and has held it in 9 quarters since. The position peaked at $91.5M in Q2 2025. 207 funds tracked by Wall St. Rank hold KSPI as of Q2 2026.

VR Advisory Services held 1,049,999 shares of Kaspi.kz JSC worth $91M as of Q2 2026.
VR Advisory Services sold 27,370 Kaspi.kz JSC shares in Q2 2026, an estimated $2.32M.
Kaspi.kz JSC made up 8.07% of VR Advisory Services's portfolio in Q2 2026, its #3 holding.
VR Advisory Services first reported a position in Kaspi.kz JSC in Q2 2024 and has held it in 9 quarters since.
VR Advisory Services's Kaspi.kz JSC position peaked at $91.5M in Q2 2025.
207 funds tracked by Wall St. Rank held Kaspi.kz JSC as of Q2 2026.

Based on VR Advisory Services's 13F filing for Q2 2026, filed 14 Aug 2026.