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 ($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
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 |
| Q3 2024 | 171 |
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 |
| Q3 2024 | 96 | 75 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $0 | $0 | — |
| Q1 2024 | $0 | $0 | — |
| Q2 2024 | $7.4m | $864.4k | 0.12 |
| Q3 2024 | $8.9m | $17.9m | 2.02 |
Biggest buyers
| BAILLIE GIFFORD & CO | Added | +1.3m |
| Greenvale Capital LLP | Added | +375.0k |
| FIL Ltd | Added | +317.0k |
| BIT Capital GmbH | Added | +309.3k |
| JPMORGAN CHASE & CO | Added | +290.6k |
| VR Advisory Services Ltd | Added | +254.9k |
| HSBC HOLDINGS PLC | Added | +214.9k |
| PZENA INVESTMENT MANAGEMENT LLC | Added | +198.7k |
| ALLIANCEBERNSTEIN L.P. | Added | +180.7k |
| Mondrian Investment Partners LTD | New | +176.1k |
Biggest sellers
| Aberdeen Group plc | Reduced | -731.5k |
| FMR LLC | Reduced | -522.2k |
| Capital World Investors | Sold out | -418.1k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Sold out | -386.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -347.1k |
| Polar Capital Holdings Plc | Sold out | -298.5k |
| Verition Fund Management LLC | Sold out | -259.5k |
| Capital International Investors | Reduced | -186.3k |
| ARMOR ADVISORS, L.L.C. | Sold out | -185.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 0.37% of their portfolio | 4.6m $492.8m | Added +1.3m |
| FIL Ltd 0.41% of their portfolio | 4.3m $452.2m | Added +317.0k |
| BlackRock, Inc. 0.01% of their portfolio | 4.0m $421.4m | First filing |
| GQG Partners LLC 0.33% of their portfolio | 2.0m $210.3m | Added +16.4k |
| Aberdeen Group plc 0.31% of their portfolio | 1.7m $169.7m | Reduced -731.5k |
| SANDS CAPITAL MANAGEMENT, LLC 0.48% of their portfolio | 1.5m $156.7m | Reduced -42.1k |
| FMR LLC 0.01% of their portfolio | 1.4m $151.9m | Reduced -522.2k |
| CAT ROCK CAPITAL MANAGEMENT LP 16.07% of their portfolio | 1.3m $141.8m | Added +1.4k |
| SAMLYN CAPITAL, LLC 2.19% of their portfolio | 1.3m $135.3m | Added +131.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 1.2m $122.3m | Reduced -141.5k |
| Southpoint Capital Advisors LP 2.89% of their portfolio | 1.1m $121.9m | Added +150.0k |
| BIT Capital GmbH 11.29% of their portfolio | 1.1m $117.6m | Added +309.3k |
| Greenvale Capital LLP 7.13% of their portfolio | 1.1m $116.6m | Added +375.0k |
| PZENA INVESTMENT MANAGEMENT LLC 0.36% of their portfolio | 1.1m $113.1m | Added +198.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $111.3m | Added +290.6k |
| Mawer Investment Management Ltd. 0.45% of their portfolio | 922.2k $97.7m | Reduced -59.3k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 772.6k $81.9m | Added +180.7k |
| VR Advisory Services Ltd 26.81% of their portfolio | 734.2k $77.8m | Added +254.9k |
| UNTITLED INVESTMENTS LP 16.95% of their portfolio | 721.7k $76.5m | Added +43.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 528.0k $55.4m | Added +214.9k |
| Luxor Capital Group, LP 7.44% of their portfolio | 524.3k $55.6m | Reduced -12.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 518.6k $55.0m | Added +7.5k |
| Ninety One UK Ltd 0.13% of their portfolio | 472.1k $50.0m | Reduced -10.8k |
| Fiera Capital Corp 0.14% of their portfolio | 438.9k $46.5m | Added +20.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 410.4k $43.5m | Reduced -127.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 361.6k $79.7k | Unchanged |
| Coronation Fund Managers Ltd. 2.11% of their portfolio | 358.4k $38.0m | Added +7.5k |
| MORGAN STANLEY 0.00% of their portfolio | 345.5k $36.6m | Added +117.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 342.0k $36.3m | Reduced -112.4k |
| Amova Asset Management Americas, Inc. 0.41% of their portfolio | 341.1k $36.1m | Reduced -111.8k |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 16.38% of their portfolio | 320.9k $34.0m | Added +57.3k |
| Artisan Partners Limited Partnership 0.05% of their portfolio | 319.5k $33.9m | Reduced -5.7k |
| Legal & General Group Plc 0.01% of their portfolio | 276.4k $29.3m | Reduced -16.9k |
| Harding Loevner LP 0.16% of their portfolio | 262.6k $27.8m | Reduced -148.6k |
| Tekne Capital Management, LLC 9.65% of their portfolio | 224.5k $23.8m | Unchanged |
| Park West Asset Management LLC 1.73% of their portfolio | 220.9k $23.4m | Added +104.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 211.4k $22.4m | Added +9.7k |
| WCM INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 209.9k $21.6m | Reduced -11.6k |
| Cullen Capital Management, LLC 0.24% of their portfolio | 207.8k $22.0m | Reduced -122.3k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 189.7k $20.9m | Reduced -24.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 186.3k $20.2m | Reduced -10.6k |
| Marex Group Ltd 0.44% of their portfolio | 181.8k $19.3m | Added +74.0k |
| Mondrian Investment Partners LTD 0.28% of their portfolio | 176.1k $18.7m | New |
| Carmignac Gestion 0.30% of their portfolio | 168.6k $17.9m | Reduced -31.7k |
| JUPITER ASSET MANAGEMENT LTD 0.16% of their portfolio | 167.3k $17.7m | Added +16.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 166.0k $17.6m | Reduced -240 |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 158.2k $16.8m | Added +42.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 151.3k $16.0m | Added +45.1k |
| Nellore Capital Management LLC 2.17% of their portfolio | 150.1k $15.9m | Unchanged |
| COMGEST GLOBAL INVESTORS S.A.S. 0.20% of their portfolio | 135.1k $14.3m | Added +10.2k |
| Capital International Investors 0.00% of their portfolio | 133.7k $14.0m | Reduced -186.3k |
| Capital International, Inc./CA/ 0.18% of their portfolio | 133.6k $14.2m | Added +109.1k |
| Breakout Capital Partners, LP 15.04% of their portfolio | 131.0k $13.9m | Added +34.5k |
| Capricorn Fund Managers Ltd 9.11% of their portfolio | 127.6k $13.5m | Unchanged |
| ARK Investment Management LLC 0.12% of their portfolio | 125.1k $13.3m | Reduced -26.8k |
| Weiss Asset Management LP 0.33% of their portfolio | 122.5k $13.0m | Added +106.7k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 118.8k $12.6m | Unchanged |
| Renaissance Capital LLC 6.70% of their portfolio | 96.1k $10.2m | Added +85.8k |
| Penserra Capital Management LLC 0.22% of their portfolio | 93.9k $9.9m | Reduced -12.4k |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 85.6k $9.1m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 78.6k $8.3m | Reduced -347.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 74.9k $7.9m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 74.8k $7.9m | Reduced -8.2k |
| MIRABELLA FINANCIAL SERVICES LLP 0.42% of their portfolio | 71.3k $7.6m | Reduced -30.4k |
| Candriam S.C.A. 0.04% of their portfolio | 68.7k $7.3m | Added +3.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.04% of their portfolio | 66.4k $7.0m | New |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.16% of their portfolio | 61.5k $6.5m | Added +24.5k |
| Amundi 0.00% of their portfolio | 61.3k $6.3m | Reduced -14.9k |
| Baader Bank Aktiengesellschaft 0.53% of their portfolio | 59.2k $6.3m | Added +20.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 57.4k $6.1m | New |
| Alberta Investment Management Corp 0.05% of their portfolio | 53.7k $5.7m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 46.6k $4.9m | Reduced -2.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 46.3k $4.9m | New |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 42.2k $4.5m | Reduced -44.1k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 39.1k $4.1m | Reduced -3.5k |
| Apis Capital Advisors, LLC 2.80% of their portfolio | 38.0k $4.0m | Added +6.0k |
| UBS Group AG 0.00% of their portfolio | 37.5k $4.0m | Added +2.8k |
| Tidal Investments LLC 0.04% of their portfolio | 37.3k $4.0m | New |
| Walleye Capital LLC 0.04% of their portfolio | 34.6k $3.7m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.06% of their portfolio | 32.4k $3.4m | Added +511 |
| Driehaus Capital Management LLC 0.03% of their portfolio | 32.1k $3.4m | Added +10.1k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 31.2k $3.3m | New |
| JBF Capital, Inc. 0.47% of their portfolio | 30.0k $3.2m | Added +10.0k |
| Wealth High Governance Capital Ltda 1.12% of their portfolio | 30.0k $3.2m | New |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 29.3k $3.1m | Added +6.3k |
| SEVEN EIGHT CAPITAL, LP 0.27% of their portfolio | 28.4k $3.0m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 25.6k $2.7m | New |
| DUMAC, INC. 8.72% of their portfolio | 25.4k $2.7m | Unchanged |
| Steamboat Capital Partners, LLC 0.83% of their portfolio | 24.9k $2.6m | New |
| STATE STREET CORP 0.00% of their portfolio | 24.4k $2.6m | Added +298 |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 22.7k $2.4m | Added +8.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 22.4k $2.4m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 21.2k $2.2m | Added +16.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 19.5k $2.1m | Reduced -9.6k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.03% of their portfolio | 19.1k $2.0m | New |
| Perpetual Ltd 0.02% of their portfolio | 19.1k $2.0m | New |
| Global Endowment Management, LP 0.18% of their portfolio | 17.0k $1.8m | Added +802 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 15.8k $1.7m | Added +14.0k |
| IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.60% of their portfolio | 15.0k $1.6m | Added +1.0k |
| GSA CAPITAL PARTNERS LLP 0.12% of their portfolio | 14.7k $1.6m | Added +6.3k |