Kaspi.kz JSC
KSPI
186 hedge funds and large institutions have $6.11B invested in Kaspi.kz JSC in 2025 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 74 increasing their positions, 50 reducing their positions, and 21 closing their positions.
140% more call options, than puts
Call options by funds: $28.9M | Put options by funds: $12M
114% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 21
48% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 50
14% more funds holding
Funds holding: 163 → 186 (+23)
0.24% less ownership
Funds ownership: 39.38% → 39.14% (-0.24%)
7% less capital inflows, than outflows
Capital inflows: $477M | Capital outflows: $512M
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
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 |
Brandes Investment Partners
La Jolla,
California
|
+$35.7M |
| 5 |
Samlyn Capital
New York
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
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 |
Park West Asset Management
San Francisco,
California
|
-$24.6M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$21.5M |
KSPI Hedge Fund Activity: Q3 2025 in Review
186 of the 7,658 institutional investors tracked by Wall St. Rank reported a position in Kaspi.kz JSC (KSPI) for Q3 2025, worth a combined $6.11B — down 4.3% from $6.38B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new KSPI positions and 21 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.
- 186 institutional investors held Kaspi.kz JSC (KSPI) as of Q3 2025, up from 163 in Q2 2025.
- Funds reported $6.11B of Kaspi.kz JSC stock for Q3 2025, down 4.3% quarter-over-quarter.
- 45 funds opened new Kaspi.kz JSC positions in Q3 2025 and 21 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.