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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
Envestnet Asset Management
176
Envestnet Asset Management
Illinois
-$1.6M -17,250 Closed
UBS AM
177
UBS AM
Illinois
-$1.53M -16,456 Closed
Balyasny Asset Management
178
Balyasny Asset Management
Illinois
-$1.13M -12,166 Closed
VSI
179
Verde Servicos Internacionais
Brazil
-$984K -10,600 Closed
BFM
180
Boothbay Fund Management
New York
-$929K -10,000 Closed
JG
181
Jain Global
New York
-$817K -8,799 Closed
HF
182
HRT Financial
New York
-$807K -8,698 Closed
DTL
183
Dynamic Technology Lab
Singapore
-$745K -8,020 Closed
MC
184
MIG Capital
California
-$648K -6,976 Closed
AI
185
Acuitas Investments
Washington
-$613K -6,600 Closed
PAPAIJV
186
Paragon Associates & Paragon Associates II Joint Venture
Texas
-$464K -5,000 Closed
Stifel Financial
187
Stifel Financial
Missouri
-$436K -4,697 Closed
SSA
188
Schonfeld Strategic Advisors
New York
-$409K -4,405 Closed
HFM
189
Harvest Fund Management
China
-$344K -3,700 Closed
Corient Private Wealth
190
Corient Private Wealth
Florida
-$239K -2,575 Closed
Squarepoint
191
Squarepoint
New York
-$226K -2,438 Closed
RS
192
R Squared
Hong Kong
-$224K -2,410 Closed
PCP
193
Proficio Capital Partners
Massachusetts
-$214K -2,266 Closed
AG
194
Ascent Group
Virginia
-$209K -2,255 Closed
SIM
195
Sandia Investment Management
Massachusetts
-$202K -2,175 Closed
PFM
196
Premier Fund Managers
United Kingdom
-$197K -2,088 Closed
QT
197
Quantbot Technologies
New York
-$110K -1,187 Closed
Barclays
198
Barclays
United Kingdom
-$71.6K -771 Closed
CWC
199
Carolinas Wealth Consulting
North Carolina
-$65K -700 Closed
SSG
200
Summit Securities Group
New York
-$31.9K -344 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.