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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
Jones Financial Companies
176
Jones Financial Companies
Missouri
$6.3K -$3.5K -40 -35%
National Bank of Canada
177
National Bank of Canada
Quebec, Canada
$5.55K +$5.96K +68 New
EWA
178
EverSource Wealth Advisors
Alabama
$3.51K -$4.82K -55 -56%
Rockefeller Capital Management
179
Rockefeller Capital Management
New York
$2.23K +$2.37K +27 New
CA
180
Crewe Advisors
Utah
$2.04K +$2.19K +25 New
GRP
181
Global Retirement Partners
California
$1.8K +$1.93K +22 New
PTC
182
Private Trust Company
Ohio
$1.47K +$1.58K +18 New
NS
183
NBC Securities
Alabama
$490 +$525 +6 New
LFG
184
Larson Financial Group
Missouri
$408 -$1.66K -19 -79%
GI
185
GAMMA Investing
California
$245 -$88 -1 -25%
PWAM
186
Park West Asset Management
California
-$24.6M -290,028 Closed
CII
187
Capital International Inc
California
-$12.1M -143,124 Closed
CGI
188
Comgest Global Investors
France
-$10.9M -128,126 Closed
SG Americas Securities
189
SG Americas Securities
New York
-$2.43M -28,637 Closed
AC
190
Amitell Capital
Singapore
-$2.33M -27,443 Closed
Deutsche Bank
191
Deutsche Bank
Germany
-$976K -11,500 Closed
M&T Bank
192
M&T Bank
New York
-$833K -9,812 Closed
CIS
193
Capital International Sarl
California
-$730K -8,601 Closed
Aviva
194
Aviva
United Kingdom
-$712K -8,385 Closed
Group One Trading
195
Group One Trading
Illinois
-$519K -5,924 Closed
AS
196
Altshuler Shaham
Israel
-$255K -3,000 Closed
Daiwa Securities Group
197
Daiwa Securities Group
Japan
-$235K -2,774 Closed
BIG
198
Brooklyn Investment Group
New York
-$91.3K -1,075 Closed
RI
199
Ridgewood Investments
New Jersey
-$84.9K -1,000 Closed
Nomura Asset Management
200
Nomura Asset Management
Japan
-$73.7K -868 Closed

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.