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Kaspi.kz JSC

185 hedge funds and large institutions have $6.05B invested in Kaspi.kz JSC in 2025 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 74 increasing their positions, 50 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more call options, than puts

Call options by funds: $28.9M | Put options by funds: $12M

120% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 20

48% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 50

14% more funds holding

Funds holding: 162185 (+23)

0.54% less ownership

Funds ownership: 37.66%37.12% (-0.54%)

5% less capital invested

Capital invested by funds: $6.38B → $6.05B (-$330M)

17% less funds holding in top 10

Funds holding in top 10: 1815 (-3)

Holders
185
Holders Change
+23
Holders Change %
+14.2%
% of All Funds
2.43%
Holding in Top 10
15
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-16.67%
% of All Funds
0.2%
New
44
Increased
74
Reduced
50
Closed
20
Calls
$28.9M
Puts
$12M
Net Calls
+$16.8M
Net Calls Change
+$12.6M
Name Holding Trade Value Shares
Change
Change in
Stake
SCP
126
Steamboat Capital Partners
New York
$693K -$41.3K -472 -5%
HT
127
Headlands Technologies
Illinois
$686K +$735K +8,393 New
DTL
128
Dynamic Technology Lab
Singapore
$675K +$723K +8,260 New
Royal Bank of Canada
129
Royal Bank of Canada
Ontario, Canada
$654K +$617K +7,040 +730%
HF
130
HRT Financial
New York
$622K +$667K +7,619 New
EOJOAM
131
E. Ohman J:or Asset Management
Sweden
$614K +$53.4K +610 +9%
LSV Asset Management
132
LSV Asset Management
Illinois
$613K +$219K +2,500 +50%
First Trust Advisors
133
First Trust Advisors
Illinois
$612K +$311K +3,548 +90%
EAM
134
Eschler Asset Management
United Kingdom
$604K
Mariner
135
Mariner
Kansas
$595K -$40.9K -467 -6%
Wolverine Trading
136
Wolverine Trading
Illinois
$591K +$632K +7,219 New
LF
137
Lansforsakringar Fondforvaltning
Sweden
$571K +$612K +6,992 New
Citadel Advisors
138
Citadel Advisors
Florida
$562K -$1.84M -21,019 -75%
Federated Hermes
139
Federated Hermes
Pennsylvania
$518K
CCM
140
Corsair Capital Management
New York
$490K +$525K +6,000 New
CB
141
Commerce Bank
Missouri
$464K
Corient Private Wealth
142
Corient Private Wealth
Florida
$462K +$495K +5,652 New
GEM
143
Global Endowment Management
North Carolina
$435K +$135K +1,538 +41%
PHK
144
Point72 Hong Kong
Hong Kong
$392K +$420K +4,800 New
CCM
145
Cullen Capital Management
New York
$379K -$2.38M -27,205 -85%
YMRC
146
Yorktown Management & Research Company
Virginia
$372K +$398K +4,550 New
ISL
147
Ingalls & Snyder LLC
New York
$340K
Neuberger Berman Group
148
Neuberger Berman Group
New York
$337K +$22.1K +252 +6%
Squarepoint
149
Squarepoint
New York
$331K +$354K +4,047 New
RCG
150
Ruane, Cunniff & Goldfarb
New York
$303K +$325K +3,712 New

KSPI Hedge Fund Activity: Q3 2025 in Review

185 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Kaspi.kz JSC (KSPI) for Q3 2025, worth a combined $6.05B — down 5.2% from $6.38B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new KSPI positions and 20 closed out — a net gain of 24 holders — while 74 added to existing stakes and 50 trimmed.

The largest buyer was Ameriprise, adding an estimated $71.4M. The largest seller was Baring Fintech Fund III Managers, cutting an estimated $165M.

  • 185 institutional investors held Kaspi.kz JSC (KSPI) as of Q3 2025, up from 162 in Q2 2025.
  • Funds reported $6.05B of Kaspi.kz JSC stock for Q3 2025, down 5.2% quarter-over-quarter.
  • 44 funds opened new Kaspi.kz JSC positions in Q3 2025 and 20 closed out, a net change of +24 holders.
  • The largest Kaspi.kz JSC buyer in Q3 2025 was Ameriprise, an estimated $71.4M added.
  • The largest Kaspi.kz JSC seller in Q3 2025 was Baring Fintech Fund III Managers, an estimated $165M sold.

Based on aggregated 13F filings for Q3 2025.