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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
BFMH
1
Baring Fintech Manager Holding
Guernsey
$1.47B
BFFIM
2
Baring Fintech Fund III Managers
Guernsey
$1.18B -$165M -1,885,784 -12%
Baillie Gifford & Co
3
Baillie Gifford & Co
United Kingdom
$391M -$21.5M -245,229 -5%
Fidelity International
4
Fidelity International
Bermuda
$310M -$13.4M -153,395 -4%
Pzena Investment Management
5
Pzena Investment Management
New York
$141M +$4.51M +51,502 +3%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$137M -$13.5M -154,288 -8%
Sands Capital Management
7
Sands Capital Management
Virginia
$134M -$3.31M -37,773 -2%
Schroder Investment Management Group
8
Schroder Investment Management Group
United Kingdom
$118M +$5.02M +57,318 +4%
SCA
9
Southpoint Capital Advisors
New York
$102M
SC
10
Samlyn Capital
New York
$97M +$15.3M +174,708 +17%
GQG Partners
11
GQG Partners
Florida
$90.4M -$32.4M -369,508 -25%
VAS
12
VR Advisory Services
Cayman Islands
$88M
GC
13
Greenvale Capital
United Kingdom
$80M -$14.9M -170,000 -15%
BlackRock
14
BlackRock
New York
$71.9M -$54.9M -626,924 -42%
BC
15
BIT Capital
Germany
$71.9M +$5.77M +65,873 +8%
Ameriprise
16
Ameriprise
Minnesota
$71M +$71.4M +815,509 +1,519%
CFM
17
Coronation Fund Managers
South Africa
$67.2M -$5.41M -61,763 -7%
Mawer Investment Management
18
Mawer Investment Management
Alberta, Canada
$64.2M -$1.71M -19,550 -2%
Aberdeen Group
19
Aberdeen Group
United Kingdom
$63.5M -$16.8M -192,194 -20%
Wellington Management Group
20
Wellington Management Group
Massachusetts
$60.7M +$43.2M +493,101 +198%
CRCM
21
Cat Rock Capital Management
Connecticut
$52.7M -$16.1M -183,510 -22%
PCH
22
Polar Capital Holdings
United Kingdom
$47.9M -$89.2K -1,019 -0.2%
Arrowstreet Capital
23
Arrowstreet Capital
Massachusetts
$47.2M +$5.59M +63,880 +12%
Capital World Investors
24
Capital World Investors
California
$46.3M +$10.7M +121,970 +27%
Jane Street
25
Jane Street
New York
$43.4M +$46.5M +530,731 New

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.