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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
CIAM
151
Caitong International Asset Management
Hong Kong
$14.3K -$105K -1,231 -88%
Wells Fargo
152
Wells Fargo
California
$13.5K -$31.5K -369 -70%
BAM
153
Byrne Asset Management
New Jersey
$11K
Osaic Holdings
154
Osaic Holdings
Arizona
$10.3K +$9.47K +111 +1,110%
Jones Financial Companies
155
Jones Financial Companies
Missouri
$9.91K +$7.68K +90 +360%
SPIA
156
Steward Partners Investment Advisory
New York
$9.34K -$8.53K -100 -48%
EWA
157
EverSource Wealth Advisors
Alabama
$8.29K -$5.2K -61 -38%
Raymond James Financial
158
Raymond James Financial
Florida
$8.06K -$3.36M -39,376 -100%
Lazard Asset Management
159
Lazard Asset Management
New York
$3K
LFG
160
Larson Financial Group
Missouri
$2.04K +$2.05K +24 New
GI
161
GAMMA Investing
California
$340 -$30.4K -356 -99%
BCP
162
Breakout Capital Partners
New York
-$12.2M -131,000 Closed
MG
163
Marex Group
-$12.1M -130,303 Closed
TCM
164
Tekne Capital Management
New York
-$9.89M -106,500 Closed
PCM
165
Penserra Capital Management
California
-$9.17M -98,744 Closed
AIMCA
166
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$6.57M -70,707 Closed
Capital International Investors
167
Capital International Investors
California
-$5.91M -62,837 Closed
Jane Street
168
Jane Street
New York
-$4.05M -47,515 Closed
William Blair Investment Management
169
William Blair Investment Management
Illinois
-$4.22M -45,460 Closed
DCM
170
Driehaus Capital Management
Illinois
-$3.72M -40,075 Closed
Kayne Anderson Rudnick Investment Management
171
Kayne Anderson Rudnick Investment Management
California
-$3.51M -37,801 Closed
Northern Trust
172
Northern Trust
Illinois
-$3.35M -36,066 Closed
ACA
173
Apis Capital Advisors
New York
-$2.23M -24,000 Closed
CSS
174
Cubist Systematic Strategies
Connecticut
-$2.1M -22,584 Closed
RBI
175
Raiffeisen Bank International
Austria
-$1.73M -18,400 Closed

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.