Kaspi.kz JSC
KSPI
191 hedge funds and large institutions have $8.26B invested in Kaspi.kz JSC in 2025 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 65 increasing their positions, 66 reducing their positions, and 18 closing their positions.
213% more call options, than puts
Call options by funds: $17.8M | Put options by funds: $5.7M
94% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 18
24% more funds holding in top 10
Funds holding in top 10: 17 → 21 (+4)
10% more funds holding
Funds holding: 174 → 191 (+17)
0.27% less ownership
Funds ownership: 47.07% → 46.8% (-0.27%)
2% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 66
3% less capital invested
Capital invested by funds: $8.47B → $8.26B (-$216M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$75.3M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$43.4M |
| 3 |
Pzena Investment Management
New York
|
+$30M |
| 4 |
GL
Gemsstock Ltd
London,
United Kingdom
|
+$27.2M |
| 5 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$20.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$123M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$53.7M |
| 3 |
BFFIM
Baring Fintech Fund III Managers
St Peter Port,
Guernsey
|
-$27.6M |
| 4 |
BC
BIT Capital
Berlin,
Germany
|
-$27.1M |
| 5 |
JP Morgan Chase
New York
|
-$22.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NEI
201
Northwest & Ethical Investments
Toronto,
Ontario, Canada
| – | -$601K | -6,350 | Closed |
|
202
D.E. Shaw & Co
New York
| – | -$537K | -5,673 | Closed |
|
203
Wolverine Trading
Chicago,
Illinois
| – | -$504K | -5,250 | Closed |
|
|
EC
204
EntryPoint Capital
New York
| – | -$413K | -4,361 | Closed |
|
205
Polen Capital Management
Boca Raton,
Florida
| – | -$294K | -3,105 | Closed |
|
206
Simplex Trading
Chicago,
Illinois
| – | -$72.8K | -743 | Closed |
|
|
FWM
207
FLP Wealth Management
Bentonville,
Arkansas
| – | -$9.09K | -96 | Closed |
|
|
CA
208
CoreCap Advisors
Southfield,
Michigan
| – | -$3.79K | -40 | Closed |
|
|
IA
209
IFP Advisors
Tampa,
Florida
| – | -$947 | -10 | Closed |
|
210
US Bancorp
Minneapolis,
Minnesota
| – | -$758 | -8 | Closed |
|
KSPI Hedge Fund Activity: Q1 2025 in Review
191 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Kaspi.kz JSC (KSPI) for Q1 2025, worth a combined $8.26B — down 2.6% from $8.47B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new KSPI positions and 18 closed out — a net gain of 17 holders — while 65 added to existing stakes and 66 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $75.3M. The largest seller was BlackRock, cutting an estimated $123M.
- 191 institutional investors held Kaspi.kz JSC (KSPI) as of Q1 2025, up from 174 in Q4 2024.
- Funds reported $8.26B of Kaspi.kz JSC stock for Q1 2025, down 2.6% quarter-over-quarter.
- 35 funds opened new Kaspi.kz JSC positions in Q1 2025 and 18 closed out, a net change of +17 holders.
- The largest Kaspi.kz JSC buyer in Q1 2025 was Baillie Gifford & Co, an estimated $75.3M added.
- The largest Kaspi.kz JSC seller in Q1 2025 was BlackRock, an estimated $123M sold.
Based on aggregated 13F filings for Q1 2025.