Joint Stock Company Kaspi.kz - (KSPI) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling KSPI?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Joint Stock Company Kaspi.kz - , showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on KSPI?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Joint Stock Company Kaspi.kz - .

Is institutional money flowing into KSPI?

87 institutional investors hold Joint Stock Company Kaspi.kz - (KSPI). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about KSPI?

Track institutional sentiment and conviction scores for Joint Stock Company Kaspi.kz - (KSPI) including Smart Money Verdict and position changes on HoldingsIntel.

Joint Stock Company Kaspi.kz -

KSPI·48581R205·US·adr·Technology - Software - Infrastructure-13D/G

SPONSORED ADS

KSPI (Joint Stock Company Kaspi.kz - ) is held by 87 institutional investors as of Q4 2025. Largest holders: BAILLIE GIFFORD & CO ($365.1M), FIL Ltd ($236.5M), PZENA INVESTMENT MANAGEMENT LLC ($211.4M). Net institutional sentiment: Mixed.

Holders

Avg rating(8 Elite)

$2.3B

Total Value

45% (110)

Fund Consensus

47 buying - 58 selling

Smart Money VerdictView all

48Weak MomentumConfirmed

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See how KSPI's score breaks down across 4 SEC sources

Held by 87 funds

8 elite

Who's Trading

ActivistAsia Equity Partners Limited7.3%Feb 13, 2026

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
BAILLIE GIFFORD & CO	Decreased	4.7M(-2.4%)	$365.1M	0.3%	-34.48%	0
FIL Ltd	Decreased	3M(-20.2%)	$236.5M	0.2%	-37.40%	0
PZENA INVESTMENT MANAGEMENT LLC	Increased	2.7M(+56.2%)	$211.4M	0.6%	-23.98%	61
SANDS CAPITAL MANAGEMENT, LLC	Increased	1.9M(+18.5%)	$152.3M	0.5%	-30.73%	43
FMR LLC	Decreased	1.6M(-1.8%)	$128.8M	0.0%	-20.29%	0
SCHRODER INVESTMENT MANAGEMENT GROUP	Increased	1.5M(+4.0%)	$117.5M	0.1%	-36.05%	31
AMERIPRISE FINANCIAL INC	Increased	1.2M(+33.9%)	$90.9M	0.0%	-9.85%	38
WELLINGTON MANAGEMENT GROUP LLP	Decreased	680,216(-8.4%)	$53.1M	0.0%	-21.30%	0
BlackRock, Inc.	Decreased	673,214(-23.5%)	$52.6M	0.0%	-22.18%	0
Polar Capital Holdings Plc	Increased	647,217(+10.3%)	$50.6M	0.2%	-15.11%	39
Aberdeen Group plc	Decreased	621,339(-20.3%)	$48.5M	0.1%	-37.95%	0
Capital World Investors	Increased	570,703(+0.8%)	$44.6M	0.0%	-18.16%	29
BRANDES INVESTMENT PARTNERS, LP	Increased	558,071(+36.9%)	$43.6M	0.3%	-7.85%	46
M&T BANK CORP	New	659,838	$43.5M	0.1%	-5.49%	48
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	Decreased	504,533(-12.7%)	$39.4M	0.0%	-31.68%	0
GOLDMAN SACHS GROUP INC	Increased	421,717(+2.6%)	$32.9M	0.0%	-20.76%	30
Artisan Partners Limited Partnership	Increased	352,994(+22.9%)	$27.6M	0.0%	-32.99%	35
BANK OF AMERICA CORP /DE/	Increased	345,588(+0.4%)	$27M	0.0%	-19.37%	29
Fiera Capital Corp	Decreased	335,178(-14.9%)	$26.2M	0.1%	-36.33%	0
DEUTSCHE BANK AG\	New	334,910	$26.2M	0.0%	-5.49%	40
BALYASNY ASSET MANAGEMENT L.P.	Increased	319,737(+144.9%)	$25M	0.0%	-6.82%	46
Legal & General Group Plc	Increased	305,654(+12.2%)	$23.9M	0.0%	-35.86%	32
Amova Asset Management Americas, Inc.	Decreased	295,469(-8.8%)	$23.1M	0.3%	-35.49%	0
Sumitomo Mitsui Trust Group, Inc.	Decreased	295,469(-8.8%)	$23.1M	0.0%	-35.57%	0
MORGAN STANLEY	Increased	285,138(+47.8%)	$22.3M	0.0%	-22.61%	39
JPMORGAN CHASE & CO	Decreased	273,236(-42.3%)	$21.3M	0.0%	-20.12%	0
HSBC HOLDINGS PLC	Decreased	266,982(-46.3%)	$21M	0.0%	-32.52%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	259,810(+1773.0%)	$20.3M	0.0%	-5.67%	46
WCM INVESTMENT MANAGEMENT, LLC	Increased	248,086(+23.5%)	$19.6M	0.0%	-34.19%	34
Ninety One UK Ltd	Increased	215,198(+4.1%)	$16.8M	0.0%	-34.63%	29
State of New Jersey Common Pension Fund D	Increased	197,147(+68.8%)	$15.4M	0.1%	-26.38%	42
FRANKLIN RESOURCES INC	Unchanged	192,112	$15M	0.0%	-37.58%	0
Russell Investments Group, Ltd.	Increased	186,320(+21.4%)	$14.6M	0.0%	-29.06%	34
DODGE & COX	Increased	183,726(+930.7%)	$14.4M	0.0%	-7.30%	45
SEI INVESTMENTS CO	Decreased	169,201(-4.4%)	$13.2M	0.0%	-32.48%	0
GEODE CAPITAL MANAGEMENT, LLC	Decreased	167,346(-0.3%)	$13.1M	0.0%	-37.96%	0
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Increased	167,125(+16.4%)	$13.1M	0.0%	-20.97%	32
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	Increased	157,479(+520x)	$12.3M	0.0%	-5.50%	45
VOLORIDGE INVESTMENT MANAGEMENT, LLC	Increased	136,210(+163.2%)	$10.6M	0.0%	-13.40%	45
ARK Investment Management LLC	Decreased	133,688(-5.7%)	$10.4M	0.1%	-18.99%	0
HARDING LOEVNER LP	Decreased	123,009(-20.5%)	$9.6M	0.1%	-37.72%	0
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	Unchanged	90,434	$7.1M	0.0%	-24.86%	0
Mawer Investment Management Ltd.	Decreased	72,791(-90.7%)	$5.7M	0.0%	-38.17%	0
EXCHANGE TRADED CONCEPTS, LLC	Decreased	71,855(-33.4%)	$5.6M	0.0%	-17.32%	0
UBS Group AG	Increased	65,737(+191.9%)	$5.1M	0.0%	-15.63%	44
Robeco Institutional Asset Management B.V.	Unchanged	65,000	$5.1M	0.0%	-31.02%	0
BANK OF MONTREAL /CAN/	New	61,486	$4.9M	0.0%	-5.49%	37
BNP PARIBAS FINANCIAL MARKETS	Increased	60,644(+64.6%)	$4.7M	0.0%	-10.25%	39
Amundi	Decreased	51,509(-7.8%)	$4M	0.0%	-37.96%	0
Pictet Asset Management Holding SA	Decreased	47,808(-4.0%)	$3.7M	0.0%	-20.52%	0
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	New	43,566	$3.4M	0.0%	-5.49%	37
Tidal Investments LLC	Decreased	33,617(-18.8%)	$2.6M	0.0%	-23.43%	0
MILLENNIUM MANAGEMENT LLC	Decreased	32,110(-53.2%)	$2.5M	0.0%	-15.63%	0
JANE STREET GROUP, LLC	Decreased	29,030(-94.5%)	$2.3M	0.0%	-8.69%	0
Eurizon Capital SGR S.p.A.	New	26,558	$2.1M	0.0%	-5.49%	36
Hood River Capital Management LLC	Decreased	24,258(-72.5%)	$1.9M	0.0%	-19.38%	0
STATE STREET CORP	Increased	21,578(+52.1%)	$1.7M	0.0%	-27.18%	36
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	19,596(+48.0%)	$1.6M	0.0%	-8.99%	35
Engineers Gate Manager LP	Decreased	20,072(-26.5%)	$1.6M	0.0%	-13.42%	0
Federation des caisses Desjardins du Quebec	Decreased	17,799(-0.8%)	$1.4M	0.0%	-12.12%	0
Virtu Financial LLC	Decreased	14,153(-40.7%)	$1.1M	0.0%	-16.50%	0
ARIEL INVESTMENTS, LLC	Increased	13,172(+7.4%)	$1M	0.0%	-21.31%	27
MARSHALL WACE, LLP	Decreased	10,070(-68.3%)	$786,769	0.0%	-8.69%	0
ROYAL BANK OF CANADA	Increased	9,112(+13.8%)	$711,000	0.0%	-9.97%	28
Vident Advisory, LLC	New	7,193	$561,989	0.0%	-5.49%	34
COMMERCE BANK	Unchanged	5,677	$443,544	0.0%	-36.38%	0
Cresset Asset Management, LLC	New	4,933	$385,415	0.0%	-5.49%	33
Neuberger Berman Group LLC	Increased	4,886(+18.3%)	$381,743	0.0%	-34.59%	28
CITIGROUP INC	Increased	4,575(+333.2%)	$357,445	0.0%	-7.85%	38
NOMURA HOLDINGS INC	New	4,510	$352,366	0.0%	-5.49%	33
LPL Financial LLC	Increased	3,722(+24.7%)	$290,800	0.0%	-8.07%	29
SIMPLEX TRADING, LLC	Increased	3,604(+48.5%)	$281,580	0.0%	-9.02%	32
Mitsubishi UFJ Asset Management Co., Ltd.	Increased	2,805(+38.7%)	$217,500	0.0%	-25.10%	30
Mariner, LLC	Decreased	2,602(-64.3%)	$203,294	0.0%	-29.52%	0
ENVESTNET ASSET MANAGEMENT INC	Decreased	2,582(-0.5%)	$201,732	0.0%	-8.69%	0
NATIXIS	Unchanged	1,838	$145,404	0.0%	-37.93%	0
BARCLAYS PLC	Increased	1,810(+126.3%)	$141,415	0.0%	-6.93%	24
Asset Management One Co., Ltd.	Decreased	1,077(-25.0%)	$85,169	0.0%	-26.64%	0
GROUP ONE TRADING LLC	New	495	$38,674	0.0%	-5.49%	28
NATIONAL BANK OF CANADA /FI/	Increased	379(+457.4%)	$29,611	0.0%	-6.08%	21
WELLS FARGO & COMPANY/MN	Increased	191(+3.8%)	$14,901	0.0%	-26.32%	13
PNC FINANCIAL SERVICES GROUP, INC.	Increased	134(+10.7%)	$10,469	0.0%	-8.39%	13
Farther Finance Advisors, LLC	New	107	$8,360	0.0%	-5.49%	23
PRICE T ROWE ASSOCIATES INC /MD/	Decreased	74,048(-25.2%)	$5,786	0.0%	-33.46%	0
OSAIC HOLDINGS, INC.	Decreased	74(-48.3%)	$5,781	0.0%	-15.31%	0
JONES FINANCIAL COMPANIES LLLP	Decreased	35(-53.3%)	$2,735	0.0%	-14.99%	0
Rockefeller Capital Management L.P.	Decreased	4(-85.2%)	$332	0.0%	-8.69%	0
Corient Private Wealth LLC	Exited	0(-100.0%)	$461,596	0.0%	-3.39%	0
Mirae Asset Global Investments Co., Ltd.	Exited	0(-100.0%)	$71,388	0.0%	-3.39%	0
FEDERATED HERMES, INC.	Exited	0(-100.0%)	$518,260	0.0%	-34.23%	0
Quadrature Capital Ltd	Exited	0(-100.0%)	$732,180	0.0%	-14.73%	0
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Exited	0(-100.0%)	$1.3M	0.0%	-3.39%	0
Point72 Asset Management, L.P.	Exited	0(-100.0%)	$3M	0.0%	-3.39%	0
CANTOR FITZGERALD, L. P.	Exited	0(-100.0%)	$997,558	0.0%	-10.40%	0
D. E. Shaw & Co., Inc.	Exited	0(-100.0%)	$2.1M	0.0%	-6.01%	0
Capital International Investors	Exited	0(-100.0%)	$1.8M	0.0%	-3.39%	0
Lansforsakringar Fondforvaltning AB (publ)	Exited	0(-100.0%)	$571,107	0.0%	-3.39%	0
FLOSSBACH VON STORCH SE	Exited	0(-100.0%)	$1.8M	0.0%	-19.26%	0
Verition Fund Management LLC	Exited	0(-100.0%)	$2.9M	0.0%	-3.39%	0
FIRST TRUST ADVISORS LP	Exited	0(-100.0%)	$612,191	0.0%	-6.02%	0
CITADEL ADVISORS LLC	Exited	0(-100.0%)	$561,877	0.0%	-11.04%	0
TORONTO DOMINION BANK	Exited	0(-100.0%)	$161,082	0.0%	-17.65%	0
GQG Partners LLC	Exited	0(-100.0%)	$90.4M	0.0%	-33.30%	0
Cullen Capital Management, LLC	Exited	0(-100.0%)	$379,077	0.0%	-36.88%	0
HRT FINANCIAL LP	Exited	0(-100.0%)	$622	0.0%	-3.39%	0
MACQUARIE GROUP LTD	Exited	0(-100.0%)	$3.7M	0.0%	-19.22%	0
ALLIANCEBERNSTEIN L.P.	Exited	0(-100.0%)	$30.8M	0.0%	-32.41%	0
Squarepoint Ops LLC	Exited	0(-100.0%)	$330,559	0.0%	-3.39%	0
DRIEHAUS CAPITAL MANAGEMENT LLC	Exited	0(-100.0%)	$1.2M	0.0%	-3.39%	0
Qube Research & Technologies Ltd	Exited	0(-100.0%)	$2.4M	0.0%	-18.12%	0

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