| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Kim Vyacheslav | 21% | $3,452,531,478 | 40,670,650 | Vyacheslav Kim | 30 Jun 2025 | |||
| Asia Equity Partners Ltd | 8.5% | $1,553,179,253 | 16,308,056 | Asia Equity Partners Limited | 30 Jun 2025 | |||
| European Investors Ltd | 6.5% | $1,022,014,091 | 12,257,305 | European Investors Limited | 23 Apr 2025 |
As of 30 Sep 2025, 185 institutional investors reported holding 74,045,900 shares of Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI). This represents 39% of the company’s total 191,859,482 outstanding shares.
The largest institutional shareholders of Joint Stock Co Kaspi.kz - American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") (KSPI) together control 32% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Baring Fintech Manager Holding Ltd | 9.4% | 18,051,851 | 0% | 100% | $1,474,475,190 |
| Baring Fintech Fund III Managers Ltd | 7.5% | 14,422,272 | -12% | 100% | $1,178,011,177 |
| BAILLIE GIFFORD & CO | 2.5% | 4,785,985 | -4.9% | 0.29% | $390,919,255 |
| FIL Ltd | 2% | 3,793,147 | -3.9% | 0.24% | $309,824,247 |
| PZENA INVESTMENT MANAGEMENT LLC | 0.9% | 1,732,148 | +3.1% | 0.46% | $141,481,849 |
| FMR LLC | 0.87% | 1,677,882 | -8.4% | 0.01% | $137,049,402 |
| SANDS CAPITAL MANAGEMENT, LLC | 0.86% | 1,644,240 | -2.2% | 0.37% | $134,301,523 |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 0.75% | 1,446,348 | +4.1% | 0.09% | $118,137,705 |
| Southpoint Capital Advisors LP | 0.65% | 1,250,000 | 0% | 2.7% | $102,100,000 |
| SAMLYN CAPITAL, LLC | 0.62% | 1,188,010 | +17% | 1.4% | $97,036,656 |
| GQG Partners LLC | 0.58% | 1,107,143 | -25% | 0.14% | $90,431,440 |
| VR Advisory Services Ltd | 0.56% | 1,077,369 | 0% | 21% | $87,999,500 |
| Greenvale Capital LLP | 0.51% | 980,000 | -15% | 6.4% | $80,046,400 |
| BlackRock, Inc. | 0.46% | 880,306 | -42% | 0% | $71,903,396 |
| BIT Capital GmbH | 0.46% | 880,036 | +8.1% | 3.3% | $71,881,340 |
| AMERIPRISE FINANCIAL INC | 0.45% | 869,201 | +1519% | 0.02% | $70,996,337 |
| Coronation Fund Managers Ltd. | 0.43% | 823,295 | -7% | 3.5% | $67,246,736 |
| Mawer Investment Management Ltd. | 0.41% | 785,974 | -2.4% | 0.33% | $64,198,356 |
| Aberdeen Group plc | 0.41% | 779,646 | -20% | 0.1% | $63,486,574 |
| WELLINGTON MANAGEMENT GROUP LLP | 0.39% | 742,647 | +198% | 0.01% | $60,659,408 |
| CAT ROCK CAPITAL MANAGEMENT LP | 0.34% | 645,001 | -22% | 6.5% | $52,683,682 |
| Polar Capital Holdings Plc | 0.31% | 586,755 | -0.17% | 0.23% | $47,926,148 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 0.3% | 578,058 | +12% | 0.03% | $47,215,777 |
| Capital World Investors | 0.3% | 566,450 | +27% | 0.01% | $46,267,636 |
| JANE STREET GROUP, LLC | 0.28% | 530,731 | 0.05% | $43,350,107 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 295,847 | $23,215,880 | -$1,425,742 | $78.13 | 6 |
| 2025 Q3 | 74,045,900 | $6,047,576,315 | -$108,849,089 | $81.68 | 185 |
| 2025 Q2 | 75,125,739 | $6,377,733,302 | -$1,137,632,767 | $84.89 | 161 |
| 2025 Q1 | 88,670,274 | $8,233,249,363 | -$56,434,346 | $92.85 | 190 |
| 2024 Q4 | 89,232,385 | $8,453,988,967 | -$77,846,784 | $94.71 | 171 |
| 2024 Q3 | 42,490,817 | $4,497,818,635 | -$59,281,883 | $105.99 | 167 |
| 2024 Q2 | 42,390,784 | $5,471,072,313 | +$604,035,323 | $129.01 | 151 |
| 2024 Q1 | 38,603,035 | $4,954,066,729 | +$4,899,895,838 | $128.64 | 122 |
| 2023 Q4 | 171,884 | $15,813,328 | -$279,588 | $92.00 | 1 |
| 2023 Q3 | 174,923 | $16,932,546 | -$20,030,672 | $96.80 | 1 |
| 2023 Q2 | 425,296 | $33,853,561 | +$871,779 | $79.60 | 2 |
| 2023 Q1 | 414,344 | $31,282,972 | +$11,177,624 | $75.50 | 2 |
| 2022 Q4 | 266,296 | $19,040,165 | -$8,529,879 | $71.50 | 2 |
| 2022 Q3 | 385,595 | $22,365,000 | +$3,282,046 | $58.00 | 2 |
| 2022 Q2 | 329,011 | $16,476,000 | -$465,160 | $49.10 | 2 |
| 2022 Q1 | 338,723 | $16,970,000 | -$541,884 | $50.10 | 2 |
| 2021 Q4 | 349,539 | $40,547,000 | +$3,108,487 | $116.00 | 2 |
| 2021 Q3 | 322,742 | $34,275,000 | -$2,863,746 | $106.20 | 2 |
| 2021 Q2 | 349,708 | $37,070,000 | +$13,139,358 | $106.00 | 2 |
| 2021 Q1 | 225,755 | $16,028,000 | +$12,590,265 | $71.00 | 2 |
| 2020 Q4 | 48,994 | $3,287,927 | +$3,287,925 | $67.11 | 2 |