Vault-13

KASPI KZ JSC KSPI

SPONSORED ADS · ADR · CUSIP 48581R205 · ISIN US48581R2058

Technology "unicorn" company of Kazakhstan

171 institutional holders +16 vs Q2 2024
43,231,77943.2m shares reported held*
$4.5bnreported value*
40 new 56 added 52 reduced 23 sold out net bought ≈ $41.6m (+392.4k 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 ($38.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $104.98. Options: 6 managers hold calls ($8.9m notional), 7 hold puts ($17.9m).

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 2Q4 22: 2Q1 23: 2Q2 23: 2Q3 23: 1Q4 23: 1Q1 24: 127Q2 24: 155Q3 24: 171171Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 20222
Q4 20222
Q1 20232
Q2 20232
Q3 20231
Q4 20231
Q1 2024127
Q2 2024155
Q3 2024171

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 outQ1 23: 1 bought or addedQ1 23: 1 cut or sold outQ1 23Q2 23: 1 bought or addedQ2 23: 1 cut or sold outQ3 23: 0 bought or addedQ3 23: 2 cut or sold outQ3 23Q4 23: 0 bought or addedQ4 23: 1 cut or sold outQ1 24: 125 bought or addedQ1 24: 0 cut or sold outQ1 24Q2 24: 80 bought or addedQ2 24: 76 cut or sold outQ3 24: 96 bought or addedQ3 24: 75 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 202202
Q1 202311
Q2 202311
Q3 202302
Q4 202301
Q1 20241250
Q2 20248076
Q3 20249675

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $7.4mQ2 24 puts: $864.4kQ2 24P/C 0.12Q3 24 calls: $8.9mQ3 24 puts: $17.9mQ3 24P/C 2.02
Numbers
QuarterCallsPutsP/C
Q4 2023$0$0—
Q1 2024$0$0—
Q2 2024$7.4m$864.4k0.12
Q3 2024$8.9m$17.9m2.02

Biggest buyers

BAILLIE GIFFORD & CO Added +1,305,625+1.3m
Greenvale Capital LLP Added +375,000+375.0k
FIL Ltd Added +317,047+317.0k
BIT Capital GmbH Added +309,268+309.3k
JPMORGAN CHASE & CO Added +290,602+290.6k
VR Advisory Services Ltd Added +254,864+254.9k
HSBC HOLDINGS PLC Added +214,907+214.9k
PZENA INVESTMENT MANAGEMENT LLC Added +198,675+198.7k
ALLIANCEBERNSTEIN L.P. Added +180,714+180.7k
Mondrian Investment Partners LTD New +176,131+176.1k

Biggest sellers

Aberdeen Group plc Reduced -731,531-731.5k
FMR LLC Reduced -522,216-522.2k
Capital World Investors Sold out -418,064-418.1k
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Sold out -386,199-386.2k
GOLDMAN SACHS GROUP INC Reduced -347,085-347.1k
Polar Capital Holdings Plc Sold out -298,490-298.5k
Verition Fund Management LLC Sold out -259,486-259.5k
Capital International Investors Reduced -186,303-186.3k
ARMOR ADVISORS, L.L.C. Sold out -185,379-185.4k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -152,695-152.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.8m73.7k shares
CITADEL ADVISORS LLC Added $784.3k7.4k shares
UBS Group AG New $137.8k1.3k shares
SIMPLEX TRADING, LLC Reduced $95.0k900 shares
GROUP ONE TRADING LLC Reduced $31.8k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Breakout Capital Partners, LP New $10.6m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.7m53.6k shares
CITADEL ADVISORS LLC Added $1.2m11.1k shares
WOLVERINE TRADING, LLC New $236.9k2.3k shares
GROUP ONE TRADING LLC New $137.8k1.3k shares
SIMPLEX TRADING, LLC New $105.0k1.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $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.

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 Q3 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 Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 0.37% of their portfolio EDINBURGH, X0 4,649,4844.6m $492.8m $492.8m 0.37% Added +1.3m +1,305,625
2 FIL Ltd 0.41% of their portfolio HAMILTON, D0 4,266,8024.3m $452.2m $452.2m 0.41% Added +317.0k +317,047
3 BlackRock, Inc. 0.01% of their portfolio New York, NY 3,975,8114.0m $421.4m $421.4m 0.01% First filing
4 GQG Partners LLC 0.33% of their portfolio FT. LAUDERDALE, FL 1,984,1622.0m $210.3m $210.3m 0.33% Added +16.4k +16,395
5 Aberdeen Group plc 0.31% of their portfolio EDINBURGH, X0 1,653,0691.7m $169.7m $169.7m 0.31% Reduced -731.5k -731,531
6 SANDS CAPITAL MANAGEMENT, LLC 0.48% of their portfolio ARLINGTON, VA 1,478,2141.5m $156.7m $156.7m 0.48% Reduced -42.1k -42,127
7 FMR LLC 0.01% of their portfolio BOSTON, MA 1,433,4651.4m $151.9m $151.9m 0.01% Reduced -522.2k -522,216
8 CAT ROCK CAPITAL MANAGEMENT LP 16.07% of their portfolio GREENWICH, CT 1,337,8331.3m $141.8m $141.8m 16.07% Added +1.4k +1,408
9 SAMLYN CAPITAL, LLC 2.19% of their portfolio New York, NY 1,276,8951.3m $135.3m $135.3m 2.19% Added +131.6k +131,550
10 SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio London, X0 1,153,6241.2m $122.3m $122.3m 0.13% Reduced -141.5k -141,456
11 Southpoint Capital Advisors LP 2.89% of their portfolio NEW YORK, NY 1,150,0001.1m $121.9m $121.9m 2.89% Added +150.0k +150,000
12 BIT Capital GmbH 11.29% of their portfolio BERLIN, 2M 1,109,0771.1m $117.6m $117.6m 11.29% Added +309.3k +309,268
13 Greenvale Capital LLP 7.13% of their portfolio LONDON, X0 1,100,0001.1m $116.6m $116.6m 7.13% Added +375.0k +375,000
14 PZENA INVESTMENT MANAGEMENT LLC 0.36% of their portfolio NEW YORK, NY 1,066,6451.1m $113.1m $113.1m 0.36% Added +198.7k +198,675
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,050,0621.1m $111.3m $111.3m 0.00% Added +290.6k +290,602
16 Mawer Investment Management Ltd. 0.45% of their portfolio CALGARY, A0 922,157922.2k $97.7m $97.7m 0.45% Reduced -59.3k -59,287
17 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 772,552772.6k $81.9m $81.9m 0.03% Added +180.7k +180,714
18 VR Advisory Services Ltd 26.81% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 734,208734.2k $77.8m $77.8m 26.81% Added +254.9k +254,864
19 UNTITLED INVESTMENTS LP 16.95% of their portfolio NEW YORK, NY 721,683721.7k $76.5m $76.5m 16.95% Added +43.1k +43,135
20 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 527,978528.0k $55.4m $55.4m 0.03% Added +214.9k +214,907
21 Luxor Capital Group, LP 7.44% of their portfolio NEW YORK, NY 524,309524.3k $55.6m $55.6m 7.44% Reduced -12.6k -12,594
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 518,614518.6k $55.0m $55.0m 0.00% Added +7.5k +7,476
23 Ninety One UK Ltd 0.13% of their portfolio London, X0 472,107472.1k $50.0m $50.0m 0.13% Reduced -10.8k -10,763
24 Fiera Capital Corp 0.14% of their portfolio MONTREAL, A8 438,937438.9k $46.5m $46.5m 0.14% Added +20.4k +20,446
25 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 410,362410.4k $43.5m $43.5m 0.01% Reduced -127.2k -127,211
26 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 361,564361.6k $79.7k $79.7k 0.00% Unchanged
27 Coronation Fund Managers Ltd. 2.11% of their portfolio Cape Town, T3 358,393358.4k $38.0m $38.0m 2.11% Added +7.5k +7,520
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 345,492345.5k $36.6m $36.6m 0.00% Added +117.1k +117,076
29 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 342,041342.0k $36.3m $36.3m 0.03% Reduced -112.4k -112,374
30 Amova Asset Management Americas, Inc. 0.41% of their portfolio New York, NY 341,067341.1k $36.1m $36.1m 0.41% Reduced -111.8k -111,787
31 BRIGHTLIGHT CAPITAL MANAGEMENT LP 16.38% of their portfolio WESTPORT, CT 320,900320.9k $34.0m $34.0m 16.38% Added +57.3k +57,258
32 Artisan Partners Limited Partnership 0.05% of their portfolio Milwaukee, WI 319,519319.5k $33.9m $33.9m 0.05% Reduced -5.7k -5,694
33 Legal & General Group Plc 0.01% of their portfolio London, X0 276,383276.4k $29.3m $29.3m 0.01% Reduced -16.9k -16,898
34 Harding Loevner LP 0.16% of their portfolio Bridgewater, NJ 262,613262.6k $27.8m $27.8m 0.16% Reduced -148.6k -148,618
35 Tekne Capital Management, LLC 9.65% of their portfolio NEW YORK, NY 224,500224.5k $23.8m $23.8m 9.65% Unchanged
36 Park West Asset Management LLC 1.73% of their portfolio SAN FRANCISCO, CA 220,928220.9k $23.4m $23.4m 1.73% Added +104.6k +104,633
37 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 211,410211.4k $22.4m $22.4m 0.01% Added +9.7k +9,655
38 WCM INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio LAGUNA BEACH, CA 209,871209.9k $21.6m $21.6m 0.05% Reduced -11.6k -11,592
39 Cullen Capital Management, LLC 0.24% of their portfolio New York, NY 207,832207.8k $22.0m $22.0m 0.24% Reduced -122.3k -122,339
40 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 189,678189.7k $20.9m $20.9m 0.03% Reduced -24.6k -24,620
41 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 186,344186.3k $20.2m $20.2m 0.01% Reduced -10.6k -10,649
42 Marex Group Ltd 0.44% of their portfolio London, X0 181,830181.8k $19.3m $19.3m 0.44% Added +74.0k +74,030
43 Mondrian Investment Partners LTD 0.28% of their portfolio LONDON, X0 176,131176.1k $18.7m $18.7m 0.28% New
44 Carmignac Gestion 0.30% of their portfolio PARIS, I0 168,554168.6k $17.9m $17.9m 0.30% Reduced -31.7k -31,688
45 JUPITER ASSET MANAGEMENT LTD 0.16% of their portfolio London, X0 167,309167.3k $17.7m $17.7m 0.16% Added +16.3k +16,319
46 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 166,011166.0k $17.6m $17.6m 0.00% Reduced -240 -240
47 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 158,245158.2k $16.8m $16.8m 0.02% Added +42.4k +42,373
48 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 151,286151.3k $16.0m $16.0m 0.02% Added +45.1k +45,076
49 Nellore Capital Management LLC 2.17% of their portfolio REDWOOD CITY, CA 150,119150.1k $15.9m $15.9m 2.17% Unchanged
50 COMGEST GLOBAL INVESTORS S.A.S. 0.20% of their portfolio Paris, I0 135,059135.1k $14.3m $14.3m 0.20% Added +10.2k +10,234
51 Capital International Investors 0.00% of their portfolio Los Angeles, CA 133,744133.7k $14.0m $14.0m 0.00% Reduced -186.3k -186,303
52 Capital International, Inc./CA/ 0.18% of their portfolio Los Angeles, CA 133,581133.6k $14.2m $14.2m 0.18% Added +109.1k +109,071
53 Breakout Capital Partners, LP 15.04% of their portfolio NEW YORK, NY 131,000131.0k $13.9m $13.9m 15.04% Added +34.5k +34,500
54 Capricorn Fund Managers Ltd 9.11% of their portfolio LONDON, X0 127,630127.6k $13.5m $13.5m 9.11% Unchanged
55 ARK Investment Management LLC 0.12% of their portfolio ST. PETERSBURG, FL 125,120125.1k $13.3m $13.3m 0.12% Reduced -26.8k -26,838
56 Weiss Asset Management LP 0.33% of their portfolio BOSTON, MA 122,486122.5k $13.0m $13.0m 0.33% Added +106.7k +106,735
57 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 118,778118.8k $12.6m $12.6m 0.01% Unchanged
58 Renaissance Capital LLC 6.70% of their portfolio Stamford, CT 96,05896.1k $10.2m $10.2m 6.70% Added +85.8k +85,828
59 Penserra Capital Management LLC 0.22% of their portfolio ORINDA, CA 93,85993.9k $9.9m $9.9m 0.22% Reduced -12.4k -12,384
60 State of New Jersey Common Pension Fund D 0.04% of their portfolio TRENTON, NJ 85,63085.6k $9.1m $9.1m 0.04% Unchanged
61 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,62378.6k $8.3m $8.3m 0.00% Reduced -347.1k -347,085
62 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio COLUMBUS, OH 74,93674.9k $7.9m $7.9m 0.03% New
63 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 74,77074.8k $7.9m $7.9m 0.00% Reduced -8.2k -8,190
64 MIRABELLA FINANCIAL SERVICES LLP 0.42% of their portfolio London, X0 71,26671.3k $7.6m $7.6m 0.42% Reduced -30.4k -30,352
65 Candriam S.C.A. 0.04% of their portfolio STRASSEN, N4 68,70068.7k $7.3m $7.3m 0.04% Added +3.5k +3,500
66 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio HARRISBURG, PA 66,42566.4k $7.0m $7.0m 0.04% New
67 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.16% of their portfolio CHICAGO, IL 61,49361.5k $6.5m $6.5m 0.16% Added +24.5k +24,477
68 Amundi 0.00% of their portfolio Paris, I0 61,25461.3k $6.3m $6.3m 0.00% Reduced -14.9k -14,950
69 Baader Bank Aktiengesellschaft 0.53% of their portfolio Unterschleissheim, 2M 59,25059.2k $6.3m $6.3m 0.53% Added +20.6k +20,558
70 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 57,36957.4k $6.1m $6.1m 0.02% New
71 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 53,70353.7k $5.7m $5.7m 0.05% Unchanged
72 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 46,64246.6k $4.9m $4.9m 0.02% Reduced -2.1k -2,098
73 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 46,32946.3k $4.9m $4.9m 0.00% New
74 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 42,15142.2k $4.5m $4.5m 0.00% Reduced -44.1k -44,051
75 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 39,15039.1k $4.1m $4.1m 0.01% Reduced -3.5k -3,450
76 Apis Capital Advisors, LLC 2.80% of their portfolio New York, NY 38,00038.0k $4.0m $4.0m 2.80% Added +6.0k +6,000
77 UBS Group AG 0.00% of their portfolio ZURICH, V8 37,49137.5k $4.0m $4.0m 0.00% Added +2.8k +2,772
78 Tidal Investments LLC 0.04% of their portfolio Milwaukee, WI 37,28237.3k $4.0m $4.0m 0.04% New
79 Walleye Capital LLC 0.04% of their portfolio NEW YORK, NY 34,62934.6k $3.7m $3.7m 0.04% New
80 ABN AMRO INVESTMENT SOLUTIONS 0.06% of their portfolio PARIS CEDEX 008, I0 32,38432.4k $3.4m $3.4m 0.06% Added +511 +511
81 Driehaus Capital Management LLC 0.03% of their portfolio Chicago, IL 32,07532.1k $3.4m $3.4m 0.03% Added +10.1k +10,064
82 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 31,19431.2k $3.3m $3.3m 0.00% New
83 JBF Capital, Inc. 0.47% of their portfolio Aspen, CO 30,00030.0k $3.2m $3.2m 0.47% Added +10.0k +10,000
84 Wealth High Governance Capital Ltda 1.12% of their portfolio SAO PAULO, D5 30,00030.0k $3.2m $3.2m 1.12% New
85 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 29,31329.3k $3.1m $3.1m 0.01% Added +6.3k +6,349
86 SEVEN EIGHT CAPITAL, LP 0.27% of their portfolio New York, NY 28,35628.4k $3.0m $3.0m 0.27% New
87 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,60225.6k $2.7m $2.7m 0.00% New
88 DUMAC, INC. 8.72% of their portfolio DURHAM, NC 25,35025.4k $2.7m $2.7m 8.72% Unchanged
89 Steamboat Capital Partners, LLC 0.83% of their portfolio RYE, NY 24,91924.9k $2.6m $2.6m 0.83% New
90 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,36624.4k $2.6m $2.6m 0.00% Added +298 +298
91 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 22,70022.7k $2.4m $2.4m 0.01% Added +8.8k +8,800
92 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 22,38022.4k $2.4m $2.4m 0.00% New
93 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 21,20621.2k $2.2m $2.2m 0.00% Added +16.5k +16,456
94 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 19,47619.5k $2.1m $2.1m 0.00% Reduced -9.6k -9,567
95 THOMPSON SIEGEL & WALMSLEY LLC 0.03% of their portfolio RICHMOND, VA 19,10019.1k $2.0m $2.0m 0.03% New
96 Perpetual Ltd 0.02% of their portfolio SYDNEY, NEW SOUTH WALES, C3 19,10019.1k $2.0m $2.0m 0.02% New
97 Global Endowment Management, LP 0.18% of their portfolio CHARLOTTE, NC 17,01417.0k $1.8m $1.8m 0.18% Added +802 +802
98 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,80515.8k $1.7m $1.7m 0.00% Added +14.0k +13,956
99 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.60% of their portfolio SINGAPORE, U0 15,00015.0k $1.6m $1.6m 0.60% Added +1.0k +1,000
100 GSA CAPITAL PARTNERS LLP 0.12% of their portfolio LONDON, X0 14,72114.7k $1.6m $1.6m 0.12% Added +6.3k +6,319