Kaspi.kz JSC
KSPI
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.
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: 21 → 18 (-3)
15% less funds holding
Funds holding: 191 → 162 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$34.4M |
| 2 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$32.5M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
+$31.6M |
| 4 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$29.7M |
| 5 |
Pzena Investment Management
New York
|
+$21.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFFIM
Baring Fintech Fund III Managers
St Peter Port,
Guernsey
|
-$1.05B |
| 2 |
BlackRock
New York
|
-$74.7M |
| 3 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$21.6M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$19.7M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$19.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
201
Harbour Investments
Madison,
Wisconsin
| – | -$6.5K | -70 | Closed |
|
|
WTC
202
WhitTier Trust Company
Reno,
Nevada
| – | -$2.88K | -31 | Closed |
|
|
AF
203
Advisornet Financial
Minnetonka,
Minnesota
| – | -$1.02K | -11 | Closed |
|
204
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$426 | +5 | New |
|
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.