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Kaspi.kz JSC

162 hedge funds and large institutions have $6.38B invested in Kaspi.kz JSC in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 65 increasing their positions, 61 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more call options, than puts

Call options by funds: $12.8M | Put options by funds: $8.54M

7% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 61

9.15% less ownership

Funds ownership: 46.8%37.66% (-9.1%)

14% less funds holding in top 10

Funds holding in top 10: 2118 (-3)

15% less funds holding

Funds holding: 191162 (-29)

23% less capital invested

Capital invested by funds: $8.26B → $6.38B (-$1.88B)

67% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 42

Holders
162
Holders Change
-29
Holders Change %
-15.18%
% of All Funds
2.13%
Holding in Top 10
18
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-14.29%
% of All Funds
0.24%
New
14
Increased
65
Reduced
61
Closed
42
Calls
$12.8M
Puts
$8.54M
Net Calls
+$4.25M
Net Calls Change
-$7.87M
Name Holding Trade Value Shares
Change
Change in
Stake
P
126
Pitcairn
Pennsylvania
$390K -$164K -1,924 -30%
ISL
127
Ingalls & Snyder LLC
New York
$353K +$24.7K +290 +7%
CF
128
Cantor Fitzgerald
New York
$340K
First Trust Advisors
129
First Trust Advisors
Illinois
$335K +$337K +3,947 New
Neuberger Berman Group
130
Neuberger Berman Group
New York
$329K
GEM
131
Global Endowment Management
North Carolina
$322K -$124K -1,459 -28%
AIM
132
Aigen Investment Management
New York
$320K -$136K -1,596 -30%
ASN
133
Advisory Services Network
Georgia
$289K +$84.5K +991 +37%
YIH
134
Y-Intercept (HK)
Hong Kong
$269K -$343K -4,020 -56%
AS
135
Altshuler Shaham
Israel
$255K +$42.6K +500 +20%
Daiwa Securities Group
136
Daiwa Securities Group
Japan
$235K -$144K -1,689 -38%
Toronto Dominion Bank
137
Toronto Dominion Bank
Ontario, Canada
$168K +$85 +1 +0.1%
Mitsubishi UFJ Asset Management
138
Mitsubishi UFJ Asset Management
Japan
$166K +$18.5K +217 +13%
N
139
Natixis
France
$156K -$26.9K -315 -15%
Asset Management One
140
Asset Management One
Japan
$117K +$24K +281 +25%
BIG
141
Brooklyn Investment Group
New York
$91.3K +$71.9K +843 +363%
RI
142
Ridgewood Investments
New Jersey
$84.9K
Simplex Trading
143
Simplex Trading
Illinois
$84K +$85.2K +999 New
Royal Bank of Canada
144
Royal Bank of Canada
Ontario, Canada
$81K -$415K -4,862 -83%
Citigroup
145
Citigroup
New York
$77.7K +$57.6K +675 +281%
Nomura Asset Management
146
Nomura Asset Management
Japan
$73.7K
SOW
147
State of Wyoming
Wyoming
$57.6K -$13K -152 -18%
HFS
148
Hantz Financial Services
Michigan
$23K +$19.2K +225 +500%
UB
149
UMB Bank
Missouri
$21.3K -$1.45K -17 -6%
TRCT
150
Tower Research Capital (TRC)
New York
$17K -$61.8K -725 -78%

KSPI Hedge Fund Activity: Q2 2025 in Review

162 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Kaspi.kz JSC (KSPI) for Q2 2025, worth a combined $6.38B — down 23% from $8.26B a quarter earlier.

Sellers outnumbered buyers: 42 funds closed out of KSPI and 14 opened new positions — a net loss of 28 holders — while 61 trimmed existing stakes and 65 added.

The largest buyer was Fidelity Investments, adding an estimated $34.4M. The largest seller was Baring Fintech Fund III Managers, cutting an estimated $1.05B.

  • 162 institutional investors held Kaspi.kz JSC (KSPI) as of Q2 2025, down from 191 in Q1 2025.
  • Funds reported $6.38B of Kaspi.kz JSC stock for Q2 2025, down 23% quarter-over-quarter.
  • 14 funds opened new Kaspi.kz JSC positions in Q2 2025 and 42 closed out, a net change of -28 holders.
  • The largest Kaspi.kz JSC buyer in Q2 2025 was Fidelity Investments, an estimated $34.4M added.
  • The largest Kaspi.kz JSC seller in Q2 2025 was Baring Fintech Fund III Managers, an estimated $1.05B sold.

Based on aggregated 13F filings for Q2 2025.