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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
ASN
151
Advisory Services Network
Georgia
$268K -$33K -377 -10%
P
152
Pitcairn
Pennsylvania
$267K -$116K -1,322 -29%
LPL Financial
153
LPL Financial
California
$244K +$261K +2,985 New
MICM
154
Matthews International Capital Management
California
$231K -$1.94M -22,107 -89%
AIM
155
Aigen Investment Management
New York
$223K -$91.4K -1,044 -28%
RS
156
R Squared
Hong Kong
$218K +$234K +2,668 New
Envestnet Asset Management
157
Envestnet Asset Management
Illinois
$212K +$227K +2,596 New
Simplex Trading
158
Simplex Trading
Illinois
$198K +$125K +1,428 +143%
SIM
159
Sandia Investment Management
Massachusetts
$178K +$190K +2,175 New
Mitsubishi UFJ Asset Management
160
Mitsubishi UFJ Asset Management
Japan
$165K +$6.04K +69 +4%
Toronto Dominion Bank
161
Toronto Dominion Bank
Ontario, Canada
$161K
N
162
Natixis
France
$150K
Asset Management One
163
Asset Management One
Japan
$117K +$4.55K +52 +4%
SOW
164
State of Wyoming
Wyoming
$86.8K +$33.6K +384 +56%
Citigroup
165
Citigroup
New York
$86.3K +$12.3K +141 +15%
Mirae Asset Global Investments
166
Mirae Asset Global Investments
South Korea
$71.4K +$76.5K +874 New
Barclays
167
Barclays
United Kingdom
$65.3K +$70.1K +800 New
HFS
168
Hantz Financial Services
Michigan
$65K +$45.9K +524 +194%
CIAM
169
Caitong International Asset Management
Hong Kong
$33.8K +$21.5K +246 +146%
Kayne Anderson Rudnick Investment Management
170
Kayne Anderson Rudnick Investment Management
California
$24.7K +$26.4K +302 New
UB
171
UMB Bank
Missouri
$22.1K +$1.66K +19 +8%
Wells Fargo
172
Wells Fargo
California
$15.1K +$2.19K +25 +16%
Osaic Holdings
173
Osaic Holdings
Arizona
$11.8K +$1.93K +22 +18%
PNC Financial Services Group
174
PNC Financial Services Group
Pennsylvania
$9.88K +$10.6K +121 New
TRCT
175
Tower Research Capital (TRC)
New York
$8.25K -$8.67K -99 -50%

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.