Vault-13

KASPI KZ JSC KSPI

SPONSORED ADS · ADR · CUSIP 48581R205 · ISIN US48581R2058

Technology "unicorn" company of Kazakhstan

127 institutional holders +126 vs Q4 2023
40,111,88940.1m shares reported held*
$5.1bnreported value*
124 new 1 added 0 reduced 0 sold out net bought ≈ $5.1bn (+39.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($503.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $127.92.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 2Q4 22: 2Q1 23: 2Q2 23: 2Q3 23: 1Q4 23: 1Q1 24: 127127Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20222
Q4 20222
Q1 20232
Q2 20232
Q3 20231
Q4 20231
Q1 2024127

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 0 bought or addedQ4 22: 2 cut or sold outQ4 22Q1 23: 1 bought or addedQ1 23: 1 cut or sold outQ1 23Q2 23: 1 bought or addedQ2 23: 1 cut or sold outQ2 23Q3 23: 0 bought or addedQ3 23: 2 cut or sold outQ3 23Q4 23: 0 bought or addedQ4 23: 1 cut or sold outQ4 23Q1 24: 125 bought or addedQ1 24: 0 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202202
Q1 202311
Q2 202311
Q3 202302
Q4 202301
Q1 20241250

Biggest buyers

BlackRock Inc. New +4,730,292+4.7m
FIL Ltd New +4,153,432+4.2m
Aberdeen Group plc New +2,541,596+2.5m
GQG Partners LLC New +1,969,446+2.0m
FMR LLC New +1,651,797+1.7m
SANDS CAPITAL MANAGEMENT, LLC New +1,648,137+1.6m
CAT ROCK CAPITAL MANAGEMENT LP New +1,336,425+1.3m
SAMLYN CAPITAL, LLC New +1,148,850+1.1m
BAILLIE GIFFORD & CO New +1,147,213+1.1m
Mawer Investment Management Ltd. New +1,026,553+1.0m

Biggest sellers

None

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Kim Vyacheslav 13G · exempt (held before listing) -1.3 pts · filed 2026-08-14 20.0% -1.3 pts 38.1m 2026-08-14
European Investors Ltd 13G · passive investor new · filed 2025-04-24 6.5% new 12.3m 2025-04-24

Fell to 5% or below in the last year: Asia Equity Partners Ltd (3.7%, 2026-08-13)

Insider purchases and sales in Q1 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.01% of their portfolio New York, NY 4,730,2924.7m $608.5m $608.5m 0.01% New
2 FIL Ltd 0.53% of their portfolio HAMILTON, D0 4,153,4324.2m $534.3m $534.3m 0.53% New
3 Aberdeen Group plc 0.64% of their portfolio EDINBURGH, X0 2,541,5962.5m $327.0m $327.0m 0.64% New
4 GQG Partners LLC 0.41% of their portfolio FT. LAUDERDALE, FL 1,969,4462.0m $253.3m $253.3m 0.41% New
5 FMR LLC 0.01% of their portfolio BOSTON, MA 1,651,7971.7m $212.5m $212.5m 0.01% New
6 SANDS CAPITAL MANAGEMENT, LLC 0.59% of their portfolio ARLINGTON, VA 1,648,1371.6m $212.0m $212.0m 0.59% New
7 CAT ROCK CAPITAL MANAGEMENT LP 19.69% of their portfolio GREENWICH, CT 1,336,4251.3m $171.9m $171.9m 19.69% New
8 SAMLYN CAPITAL, LLC 2.57% of their portfolio New York, NY 1,148,8501.1m $147.8m $147.8m 2.57% New
9 BAILLIE GIFFORD & CO 0.11% of their portfolio EDINBURGH, X0 1,147,2131.1m $147.6m $147.6m 0.11% New
10 Mawer Investment Management Ltd. 0.61% of their portfolio CALGARY, A0 1,026,5531.0m $132.1m $132.1m 0.61% New
11 Southpoint Capital Advisors LP 2.55% of their portfolio NEW YORK, NY 1,000,0001.0m $128.6m $128.6m 2.55% New
12 BIT Capital GmbH 10.16% of their portfolio BERLIN, 2M 894,176894.2k $115.0m $115.0m 10.16% New
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 787,212787.2k $101.3m $101.3m 0.00% New
14 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 780,400780.4k $100.4m $100.4m 0.02% New
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 747,660747.7k $96.2m $96.2m 0.00% New
16 UNTITLED INVESTMENTS LP 21.07% of their portfolio NEW YORK, NY 717,009717.0k $92.2m $92.2m 21.07% New
17 Luxor Capital Group, LP 13.04% of their portfolio NEW YORK, NY 682,791682.8k $87.8m $87.8m 13.04% New
18 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 633,164633.2k $81.5m $81.5m 0.01% New
19 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 525,047525.0k $67.5m $67.5m 0.07% New
20 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 511,508511.5k $65.8m $65.8m 0.01% New
21 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 506,170506.2k $61.8m $61.8m 0.04% New
22 Ninety One UK Ltd 0.18% of their portfolio London, X0 504,693504.7k $64.9m $64.9m 0.18% New
23 Harding Loevner LP 0.40% of their portfolio Bridgewater, NJ 500,351500.4k $64.4m $64.4m 0.40% New
24 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 497,912497.9k $64.1m $64.1m 0.04% New
25 Amova Asset Management Americas, Inc. 0.64% of their portfolio New York, NY 497,912497.9k $64.1m $64.1m 0.64% New
26 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 472,187472.2k $60.7m $60.7m 0.02% New
27 Squarepoint Ops LLC 0.17% of their portfolio NEW YORK, NY 452,225452.2k $41.0m $41.0m 0.17% New
28 Fiera Capital Corp 0.16% of their portfolio MONTREAL, A8 432,354432.4k $55.6m $55.6m 0.16% New
29 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio CHICAGO, IL 399,852399.9k $51.4m $51.4m 0.13% New
30 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 383,707383.7k $48.6m $48.6m 0.04% New
31 Coronation Fund Managers Ltd. 1.32% of their portfolio Cape Town, T3 378,229378.2k $48.7m $48.7m 1.32% New
32 Legal & General Group Plc 0.01% of their portfolio London, X0 320,714320.7k $41.3m $41.3m 0.01% New
33 Capital International Investors 0.01% of their portfolio Los Angeles, CA 305,797305.8k $39.3m $39.3m 0.01% New
34 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 266,512266.5k $34.3m $34.3m 0.04% New
35 BRIGHTLIGHT CAPITAL MANAGEMENT LP 19.17% of their portfolio WESTPORT, CT 263,642263.6k $33.9m $33.9m 19.17% New
36 Tekne Capital Management, LLC 9.46% of their portfolio NEW YORK, NY 257,320257.3k $33.1m $33.1m 9.46% New
37 Nellore Capital Management LLC 4.76% of their portfolio REDWOOD CITY, CA 250,119250.1k $30.8m $30.8m 4.76% New
38 ARMOR ADVISORS, L.L.C. 22.07% of their portfolio NEW YORK, NY 239,109239.1k $30.8m $30.8m 22.07% New
39 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 231,252231.3k $29.7m $29.7m 0.01% New
40 VAN ECK ASSOCIATES CORP 0.04% of their portfolio NEW YORK, NY 215,798215.8k $27.8m $27.8m 0.04% New
41 Polar Capital Holdings Plc 0.14% of their portfolio London, X0 200,589200.6k $25.8m $25.8m 0.14% New
42 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 196,993197.0k $23.8m $23.8m 0.01% New
43 Verition Fund Management LLC 0.22% of their portfolio GREENWICH, CT 184,732184.7k $23.0m $23.0m 0.22% New
44 WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio LAGUNA BEACH, CA 181,595181.6k $23.4m $23.4m 0.06% New
45 ARK Investment Management LLC 0.16% of their portfolio ST. PETERSBURG, FL 179,930179.9k $23.1m $23.1m 0.16% Added +8.0k +8,046
46 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 177,487177.5k $22.8m $22.8m 0.04% New
47 Artisan Partners Limited Partnership 0.03% of their portfolio Milwaukee, WI 176,925176.9k $22.8m $22.8m 0.03% New
48 Weiss Asset Management LP 1.00% of their portfolio BOSTON, MA 165,980166.0k $21.4m $21.4m 1.00% New
49 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 153,500153.5k $19.7m $19.7m 0.00% New
50 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 151,247151.2k $19.1m $19.1m 0.03% New
51 Ghisallo Capital Management LLC 2.20% of their portfolio BOSTON, MA 150,000150.0k $19.3m $19.3m 2.20% New
52 Capricorn Fund Managers Ltd 10.58% of their portfolio LONDON, X0 136,630136.6k $17.6m $17.6m 10.58% New
53 Marex Group Ltd 0.50% of their portfolio London, X0 120,630120.6k $15.5m $15.5m 0.50% New
54 Pictet Asset Management Holding SA 0.02% of their portfolio CAROUGE, V8 118,778118.8k $15.3m $15.3m 0.02% New
55 Dorsal Capital Management, LP 0.49% of their portfolio Redwood City, CA 115,500115.5k $14.9m $14.9m 0.49% New
56 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 113,500113.5k $14.6m $14.6m 0.02% New
57 Blackstone Inc. 0.06% of their portfolio NEW YORK, NY 100,000100.0k $12.9m $12.9m 0.06% New
58 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 89,45989.5k $10.8m $10.8m 0.01% New
59 Hood River Capital Management LLC 0.25% of their portfolio PALM BEACH GARDENS, FL 87,21687.2k $11.2m $11.2m 0.25% New
60 Monashee Investment Management LLC 1.32% of their portfolio Boston, MA 87,00087.0k $11.2m $11.2m 1.32% New
61 UBS Group AG 0.00% of their portfolio ZURICH, V8 81,83881.8k $10.5m $10.5m 0.00% New
62 Amundi 0.00% of their portfolio Paris, I0 78,59678.6k $8.8m $8.8m 0.00% New
63 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 70,22370.2k $9.0m $9.0m 0.00% New
64 Alberta Investment Management Corp 0.09% of their portfolio EDMONTON, A0 69,73569.7k $9.0m $9.0m 0.09% New
65 JUPITER ASSET MANAGEMENT LTD 0.08% of their portfolio London, X0 68,61968.6k $8.3m $8.3m 0.08% New
66 BARINGS LLC 0.19% of their portfolio CHARLOTTE, NC 60,15560.2k $7.7m $7.7m 0.19% New
67 Capital Group Private Client Services, Inc. 0.07% of their portfolio Los Angeles, CA 56,70256.7k $6.8m $6.8m 0.07% New
68 Park West Asset Management LLC 0.51% of their portfolio SAN FRANCISCO, CA 53,00053.0k $6.8m $6.8m 0.51% New
69 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 52,70052.7k $6.6m $6.6m 0.01% New
70 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.19% of their portfolio CHICAGO, IL 50,00050.0k $6.4m $6.4m 0.19% Not comparable
71 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 46,13446.1k $5.9m $5.9m 0.02% New
72 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 31,92431.9k $4.1m $4.1m 0.00% New
73 ABN AMRO INVESTMENT SOLUTIONS 0.07% of their portfolio PARIS CEDEX 008, I0 31,79731.8k $4.1m $4.1m 0.07% New
74 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 27,22827.2k $3.5m $3.5m 0.00% New
75 Holocene Advisors, LP 0.01% of their portfolio New York, NY 26,86126.9k $3.5m $3.5m 0.01% New
76 DUMAC, INC. 11.83% of their portfolio DURHAM, NC 25,35025.4k $3.3m $3.3m 11.83% New
77 Capital International, Inc./CA/ 0.04% of their portfolio Los Angeles, CA 24,51024.5k $3.2m $3.2m 0.04% New
78 Penserra Capital Management LLC 0.04% of their portfolio ORINDA, CA 23,15223.2k $3.0m $3.0m 0.04% New
79 Analyst IMS Investment Management Services Ltd. 0.12% of their portfolio Tel-aviv, L3 22,70522.7k $2.8m $2.8m 0.12% New
80 ABS Direct Equity Fund LLC 2.82% of their portfolio Stamford, CT 22,36222.4k $2.9m $2.9m 2.82% New
81 Global Endowment Management, LP 0.30% of their portfolio CHARLOTTE, NC 22,08822.1k $2.8m $2.8m 0.30% New
82 Driehaus Capital Management LLC 0.03% of their portfolio Chicago, IL 20,61120.6k $2.7m $2.7m 0.03% New
83 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 18,93818.9k $2.4m $2.4m 0.00% New
84 Wealth High Governance Capital Ltda 0.52% of their portfolio SAO PAULO, D5 17,97818.0k $2.3m $2.3m 0.52% New
85 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 16,45616.5k $2.1m $2.1m 0.00% New
86 AVIVA PLC 0.01% of their portfolio LONDON, X0 16,37316.4k $2.0m $2.0m 0.01% New
87 Northwest & Ethical Investments L.P. 0.06% of their portfolio TORONTO, A6 16,06716.1k $2.1m $2.1m 0.06% New
88 GSA CAPITAL PARTNERS LLP 0.15% of their portfolio LONDON, X0 15,05915.1k $1.9m $1.9m 0.15% New
89 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,05715.1k $1.9m $1.9m 0.00% New
90 M&T Bank Corp 0.01% of their portfolio BUFFALO, NY 13,62913.6k $1.8m $1.8m 0.01% New
91 Eschler Asset Management LLP 1.01% of their portfolio London, X0 12,16012.2k $1.6m $1.6m 1.01% New
92 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 10,36610.4k $1.3m $1.3m 0.00% New
93 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,0878.1k $1.0m $1.0m 0.00% New
94 Renaissance Capital LLC 0.50% of their portfolio Stamford, CT 7,4927.5k $963.8k $963.8k 0.50% New
95 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 6,7616.8k $815.4k $815.4k 0.00% New
96 Swedbank AB 0.00% of their portfolio STOCKHOLM, V7 6,7266.7k $865.2k $865.2k 0.00% New
97 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 6,6886.7k $853.5k $853.5k 0.00% New
98 TYBOURNE CAPITAL MANAGEMENT (HK) LTD 0.13% of their portfolio HONG KONG, K3 5,9055.9k $759.6k $759.6k 0.13% New
99 Dodge & Cox 0.00% of their portfolio San Francisco, CA 5,5265.5k $710.9k $710.9k 0.00% New
100 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 5,5005.5k $707.5k $707.5k 0.01% New