Kaspi.kz JSC
KSPI
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.
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: 162 → 185 (+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: 18 → 15 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$71.4M |
| 2 |
Jane Street
New York
|
+$46.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$43.2M |
| 4 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$35.7M |
| 5 |
SC
Samlyn Capital
New York
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFFIM
Baring Fintech Fund III Managers
St Peter Port,
Guernsey
|
-$165M |
| 2 |
BlackRock
New York
|
-$54.9M |
| 3 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$32.4M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$24.6M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$21.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
201
Byrne Asset Management
Kingston,
New Jersey
| – | -$11K | -130 | Closed |
|
|
SPIA
202
Steward Partners Investment Advisory
New York
| – | -$9.34K | -110 | Closed |
|
203
Raymond James Financial
St Petersburg,
Florida
| – | -$8.06K | -95 | Closed |
|
204
Lazard Asset Management
New York
| – | -$3K | -38 | 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.