KASPI KZ JSC KSPI
SPONSORED ADS · ADR · CUSIP 48581R205 · ISIN US48581R2058
Technology "unicorn" company of Kazakhstan
* 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 ($59.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $129.06. Options: 6 managers hold calls ($7.4m notional), 3 hold puts ($864.4k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2 |
| Q4 2022 | 2 |
| Q1 2023 | 2 |
| Q2 2023 | 2 |
| Q3 2023 | 1 |
| Q4 2023 | 1 |
| Q1 2024 | 127 |
| Q2 2024 | 155 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 0 | 2 |
| Q1 2023 | 1 | 1 |
| Q2 2023 | 1 | 1 |
| Q3 2023 | 0 | 2 |
| Q4 2023 | 0 | 1 |
| Q1 2024 | 125 | 0 |
| Q2 2024 | 80 | 76 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $0 | $0 | — |
| Q4 2023 | $0 | $0 | — |
| Q1 2024 | $0 | $0 | — |
| Q2 2024 | $7.4m | $864.4k | 0.12 |
Biggest buyers
| BAILLIE GIFFORD & CO | Added | +2.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | New | +1.3m |
| PZENA INVESTMENT MANAGEMENT LLC | New | +868.0k |
| Greenvale Capital LLP | New | +725.0k |
| VR Advisory Services Ltd | New | +479.3k |
| GOLDMAN SACHS GROUP INC | New | +425.7k |
| Cullen Capital Management, LLC | New | +330.2k |
| FMR LLC | Added | +303.9k |
| Carmignac Gestion | New | +200.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | New | +165.9k |
Biggest sellers
| BlackRock Inc. | Reduced | -537.0k |
| CITADEL ADVISORS LLC | Sold out | -525.0k |
| MORGAN STANLEY | Reduced | -519.2k |
| Squarepoint Ops LLC | Reduced | -449.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -242.8k |
| Capital World Investors | Reduced | -215.1k |
| FIL Ltd | Reduced | -203.7k |
| HSBC HOLDINGS PLC | Reduced | -193.1k |
| JANE STREET GROUP, LLC | Reduced | -181.7k |
| MARSHALL WACE, LLP | Reduced | -159.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $4.6m35.8k shares |
| CITIGROUP INC | New | $1.1m8.7k shares |
| GROUP ONE TRADING LLC | New | $838.6k6.5k shares |
| CITADEL ADVISORS LLC | New | $658.0k5.1k shares |
| SIMPLEX TRADING, LLC | New | $193.0k1.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | New | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $748.3k5.8k shares |
| CITADEL ADVISORS LLC | New | $116.1k900 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | New | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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.
| Holder | Stake |
|---|---|
| Kim Vyacheslav 13G · exempt (held before listing) -1.3 pts · filed 2026-08-14 | 20.0% |
| European Investors Ltd 13G · passive investor new · filed 2025-04-24 | 6.5% |
Fell to 5% or below in the last year: Asia Equity Partners Ltd (3.7%, 2026-08-13)
Insider purchases and sales in Q2 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 4.2m $541.0m | Reduced -537.0k |
| FIL Ltd 0.50% of their portfolio | 3.9m $509.6m | Reduced -203.7k |
| BAILLIE GIFFORD & CO 0.34% of their portfolio | 3.3m $431.4m | Added +2.2m |
| Aberdeen Group plc 0.59% of their portfolio | 2.4m $307.6m | Reduced -157.0k |
| GQG Partners LLC 0.38% of their portfolio | 2.0m $253.9m | Reduced -1.7k |
| FMR LLC 0.02% of their portfolio | 2.0m $252.3m | Added +303.9k |
| SANDS CAPITAL MANAGEMENT, LLC 0.58% of their portfolio | 1.5m $196.1m | Reduced -127.8k |
| CAT ROCK CAPITAL MANAGEMENT LP 19.32% of their portfolio | 1.3m $172.4m | Unchanged |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.18% of their portfolio | 1.3m $167.1m | New |
| SAMLYN CAPITAL, LLC 2.54% of their portfolio | 1.1m $147.8m | Reduced -3.5k |
| Southpoint Capital Advisors LP 3.21% of their portfolio | 1.0m $129.0m | Unchanged |
| Mawer Investment Management Ltd. 0.60% of their portfolio | 981.4k $126.6m | Reduced -45.1k |
| PZENA INVESTMENT MANAGEMENT LLC 0.39% of their portfolio | 868.0k $112.0m | New |
| BIT Capital GmbH 9.36% of their portfolio | 799.8k $103.2m | Reduced -94.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 759.5k $98.0m | Reduced -27.8k |
| Greenvale Capital LLP 3.24% of their portfolio | 725.0k $93.5m | New |
| UNTITLED INVESTMENTS LP 19.54% of their portfolio | 678.5k $87.5m | Reduced -38.5k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 591.8k $76.4m | Added +119.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 537.6k $69.4m | Reduced -242.8k |
| Luxor Capital Group, LP 11.25% of their portfolio | 536.9k $69.3m | Reduced -145.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 511.1k $65.9m | Reduced -370 |
| Ninety One UK Ltd 0.17% of their portfolio | 482.9k $62.3m | Reduced -21.8k |
| VR Advisory Services Ltd 24.98% of their portfolio | 479.3k $61.8m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 454.4k $58.6m | Reduced -43.5k |
| Amova Asset Management Americas, Inc. 0.67% of their portfolio | 452.9k $58.4m | Reduced -45.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 425.7k $54.9m | New |
| Fiera Capital Corp 0.17% of their portfolio | 418.5k $54.0m | Reduced -13.9k |
| Capital World Investors 0.01% of their portfolio | 418.1k $53.9m | Reduced -215.1k |
| Harding Loevner LP 0.29% of their portfolio | 411.2k $53.1m | Reduced -89.1k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 386.2k $49.8m | Reduced -13.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 361.6k $46.6m | Reduced -22.1k |
| Coronation Fund Managers Ltd. 2.61% of their portfolio | 350.9k $45.3m | Reduced -27.4k |
| Cullen Capital Management, LLC 0.49% of their portfolio | 330.2k $42.6m | New |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 325.2k $42.0m | Added +148.3k |
| Capital International Investors 0.01% of their portfolio | 320.0k $41.7m | Added +14.2k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 313.1k $41.3m | Reduced -193.1k |
| Polar Capital Holdings Plc 0.23% of their portfolio | 298.5k $38.5m | Added +97.9k |
| Legal & General Group Plc 0.01% of their portfolio | 293.3k $37.8m | Reduced -27.4k |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 18.19% of their portfolio | 263.6k $34.0m | Unchanged |
| Verition Fund Management LLC 0.26% of their portfolio | 259.5k $33.5m | Added +74.8k |
| MORGAN STANLEY 0.00% of their portfolio | 228.4k $29.5m | Reduced -519.2k |
| Tekne Capital Management, LLC 15.22% of their portfolio | 224.5k $29.0m | Reduced -32.8k |
| WCM INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 221.5k $29.3m | Added +39.9k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 214.3k $27.6m | Reduced -1.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 201.8k $26.0m | Reduced -29.5k |
| Carmignac Gestion 0.44% of their portfolio | 200.2k $25.8m | New |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 197.0k $25.4m | Unchanged |
| ARMOR ADVISORS, L.L.C. 18.94% of their portfolio | 185.4k $23.9m | Reduced -53.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 166.3k $21.4m | Added +12.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 165.9k $21.4m | New |
| ARK Investment Management LLC 0.17% of their portfolio | 152.0k $19.6m | Reduced -28.0k |
| JUPITER ASSET MANAGEMENT LTD 0.18% of their portfolio | 151.0k $19.5m | Added +82.4k |
| Nellore Capital Management LLC 2.92% of their portfolio | 150.1k $19.4m | Reduced -100.0k |
| Capricorn Fund Managers Ltd 11.61% of their portfolio | 127.6k $16.5m | Reduced -9.0k |
| COMGEST GLOBAL INVESTORS S.A.S. 0.22% of their portfolio | 124.8k $16.1m | New |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 118.8k $15.3m | Unchanged |
| Park West Asset Management LLC 1.17% of their portfolio | 116.3k $15.0m | Added +63.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 115.9k $14.9m | Reduced -35.4k |
| Dorsal Capital Management, LP 0.51% of their portfolio | 115.5k $14.9m | Unchanged |
| Marex Group Ltd 0.37% of their portfolio | 107.8k $13.9m | Reduced -12.8k |
| Penserra Capital Management LLC 0.17% of their portfolio | 106.2k $13.7m | Added +83.1k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 106.2k $13.7m | Reduced -7.3k |
| MIRABELLA FINANCIAL SERVICES LLP 0.96% of their portfolio | 101.6k $13.1m | New |
| Breakout Capital Partners, LP 15.02% of their portfolio | 96.5k $12.4m | New |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 86.2k $11.1m | Reduced -3.3k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 85.6k $11.0m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 84.9k $10.9m | Reduced -181.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 83.0k $10.7m | Added +12.7k |
| Amundi 0.00% of their portfolio | 76.2k $10.2m | Reduced -2.4k |
| Candriam S.C.A. 0.05% of their portfolio | 65.2k $8.4m | New |
| BARINGS LLC 0.20% of their portfolio | 64.4k $8.3m | Added +4.3k |
| Capital Group Private Client Services, Inc. 0.07% of their portfolio | 55.6k $7.2m | Reduced -1.1k |
| Alberta Investment Management Corp 0.07% of their portfolio | 53.7k $6.9m | Reduced -16.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 48.7k $6.3m | Added +2.6k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 42.6k $5.5m | Reduced -10.1k |
| Baader Bank Aktiengesellschaft 0.39% of their portfolio | 38.7k $5.0m | New |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.14% of their portfolio | 37.0k $4.8m | Reduced -13.0k |
| Hood River Capital Management LLC 0.10% of their portfolio | 35.8k $4.6m | Reduced -51.4k |
| UBS Group AG 0.00% of their portfolio | 34.7k $4.5m | Reduced -47.1k |
| Apis Capital Advisors, LLC 3.05% of their portfolio | 32.0k $4.1m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.07% of their portfolio | 31.9k $4.1m | Added +76 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 29.0k $3.7m | Added +1.8k |
| DUMAC, INC. 10.45% of their portfolio | 25.4k $3.3m | Unchanged |
| Tenzing Global Management, LLC 2.98% of their portfolio | 25.0k $3.2m | New |
| Capital International, Inc./CA/ 0.04% of their portfolio | 24.5k $3.2m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 24.1k $3.1m | New |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 23.0k $3.0m | New |
| CITIGROUP INC 0.00% of their portfolio | 22.9k $3.0m | Added +17.9k |
| Analyst IMS Investment Management Services Ltd. 0.11% of their portfolio | 22.7k $2.8m | Unchanged |
| Driehaus Capital Management LLC 0.03% of their portfolio | 22.0k $2.8m | Added +1.4k |
| Old Well Partners, LLC 3.23% of their portfolio | 21.2k $2.7m | New |
| JBF Capital, Inc. 0.40% of their portfolio | 20.0k $2.6m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 18.3k $2.4m | Added +8.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 18.2k $2.3m | Reduced -159.3k |
| ABS Direct Equity Fund LLC 2.60% of their portfolio | 17.9k $2.3m | Reduced -4.4k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 17.9k $2.3m | New |
| Channing Global Advisors, LLC 1.93% of their portfolio | 17.9k $2.3m | Added +16.2k |
| Global Endowment Management, LP 0.22% of their portfolio | 16.2k $2.1m | Reduced -5.9k |
| Weiss Asset Management LP 0.10% of their portfolio | 15.8k $2.0m | Reduced -150.2k |
| IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 1.03% of their portfolio | 14.0k $1.8m | New |