Also trades as: KSPI.IL (IOB) · $vol 5M · KSPI.L (LSE) · $vol 1M · KAKZF (OTC) · $vol 1M · KKS.F (FSX) · $vol 0M
KSPI Institutional Ownership
Joint Stock Company Kaspi.kz
1W: -2.7%
1M: -5.8%
3M: +4.0%
YTD: +16.2%
1Y: +21.0%
$90.79
+0.65 (+0.72%)
After Hours: $92.24 (+1.45, +1.60%)
Weekly Expected Move ±3.8%
$85
$88
$92
$95
$99
Credit Risk of going bust: lower than 69% of companies Debt: 13.5% of company value Bonds: $61.7M held by 59 funds, 168 bp over Treasuries → details ▾
If the stock fell to about $1.49 (down 98%), Joint Stock Company Kaspi.kz would be worth roughly what it owes.
Total debt $2.69B against a stock market value of $17.18B.
Distance to default 7.36 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.02B (short-term plus half of long-term), stock volatility 33.9%; Altman Z'' 3.03. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Total debt $2.69B against a stock market value of $17.18B.
Distance to default 7.36 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.02B (short-term plus half of long-term), stock volatility 33.9%; Altman Z'' 3.03. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Overview
Chart
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
Weather
Peers
ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Institutional Ownership — KSPI
224
Institutional Holders
+27 vs prior quarter
0.0%
Ownership
+0.00pp
$7B
Total Invested
56
New Positions
67
Increased
74
Reduced
13
Closed
1.00
Put/Call Ratio
Ownership Trends
Top Institutional Holders (242 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | Baring Fintech Manager Holding Ltd | 16,737,053 | $1.5B | -1,314,798 | -7.3% | 7Q | SEC ↗ |
| 2 | Brehaut David Pascal | 12,257,305 | $1.1B | — | +0.0% | 3Q | SEC ↗ |
| 3 | Baring Fintech Fund III Managers Ltd | 7,106,927 | $641M | -4,955,070 | -41.1% | 7Q | SEC ↗ |
| 4 | BAILLIE GIFFORD & CO | 5,779,168 | $521M | +655,961 | +12.8% | 10Q | SEC ↗ |
| 5 | FIL Ltd | 3,635,858 | $328M | +309,616 | +9.3% | 10Q | SEC ↗ |
| 6 | PZENA INVESTMENT MANAGEMENT LLC | 3,071,888 | $277M | +399,501 | +14.9% | 9Q | SEC ↗ |
| 7 | Spice Expeditions, LP NEW | 2,584,454 | $233M | — | +0.0% | 1Q | SEC ↗ |
| 8 | SCHRODER INVESTMENT MANAGEMENT GROUP | 2,319,420 | $209M | +753,135 | +48.1% | 9Q | SEC ↗ |
| 9 | FMR LLC | 1,983,010 | $179M | +371,088 | +23.0% | 10Q | SEC ↗ |
| 10 | SANDS CAPITAL MANAGEMENT, LLC | 1,531,017 | $138M | -55,317 | -3.5% | 10Q | SEC ↗ |
| 11 | SAMLYN CAPITAL, LLC | 1,498,332 | $135M | +431,337 | +40.4% | 10Q | SEC ↗ |
| 12 | Capital World Investors | 1,143,698 | $103M | +115,124 | +11.2% | 6Q | SEC ↗ |
| 13 | AMERIPRISE FINANCIAL INC | 1,116,967 | $101M | +1,031 | +0.1% | 10Q | SEC ↗ |
| 14 | BlackRock, Inc. | 1,085,784 | $98M | +46,210 | +4.4% | 8Q | SEC ↗ |
| 15 | VR Advisory Services Ltd | 1,049,999 | $95M | -27,370 | -2.5% | 9Q | SEC ↗ |
| 16 | North of South Capital LLP | 987,390 | $89M | +417,709 | +73.3% | 3Q | SEC ↗ |
| 17 | BRANDES INVESTMENT PARTNERS, LP | 833,669 | $75M | +89,570 | +12.0% | 4Q | SEC ↗ |
| 18 | Coronation Fund Managers Ltd. | 814,783 | $73M | -50,967 | -5.9% | 10Q | SEC ↗ |
| 19 | WELLINGTON MANAGEMENT GROUP LLP | 759,803 | $68M | +113,975 | +17.6% | 10Q | SEC ↗ |
| 20 | Polar Capital Holdings Plc | 673,258 | $61M | +4,919 | +0.7% | 6Q | SEC ↗ |
| 21 | Greenvale Capital LLP | 665,590 | $60M | +15,590 | +2.4% | 9Q | SEC ↗ |
| 22 | WCM INVESTMENT MANAGEMENT, LLC | 656,410 | $59M | +84,998 | +14.9% | 10Q | SEC ↗ |
| 23 | Ranmore Fund Management Ltd | 620,000 | $56M | — | +0.0% | 3Q | SEC ↗ |
| 24 | Southpoint Capital Advisors LP | 600,000 | $54M | -400,000 | -40.0% | 10Q | SEC ↗ |
| 25 | Kingsway Capital Partners Ltd NEW | 596,134 | $54M | — | +0.0% | 1Q | SEC ↗ |
| 26 | MORGAN STANLEY | 574,981 | $52M | -15,506 | -2.6% | 10Q | SEC ↗ |
| 27 | BANK OF AMERICA CORP /DE | 537,030 | $48M | +12,662 | +2.4% | 10Q | SEC ↗ |
| 28 | GOLDMAN SACHS GROUP INC | 505,895 | $46M | -111,844 | -18.1% | 9Q | SEC ↗ |
| 29 | Marex Group Ltd | 502,940 | $45M | -45,354 | -8.3% | 2Q | SEC ↗ |
| 30 | Aberdeen Group plc | 488,937 | $44M | -94,010 | -16.1% | 10Q | SEC ↗ |
| 31 | Artisan Partners Limited Partnership | 471,473 | $42M | +85,378 | +22.1% | 10Q | SEC ↗ |
| 32 | 683 Capital Management, LLC | 470,000 | $42M | -5,000 | -1.1% | 3Q | SEC ↗ |
| 33 | First Beijing Investment Ltd | 424,613 | $38M | -9,737 | -2.2% | 3Q | SEC ↗ |
| 34 | Mondrian Investment Partners LTD | 396,336 | $36M | -36,353 | -8.4% | 4Q | SEC ↗ |
| 35 | Gemsstock Ltd. | 394,491 | $36M | -114,656 | -22.5% | 7Q | SEC ↗ |
| 36 | UBS Group AG | 390,820 | $35M | -84,642 | -17.8% | 10Q | SEC ↗ |
| 37 | BRIGHTLIGHT CAPITAL MANAGEMENT LP | 371,235 | $33M | -60,765 | -14.1% | 9Q | SEC ↗ |
| 38 | Fiera Capital Corp | 337,257 | $30M | +119,918 | +55.2% | 10Q | SEC ↗ |
| 39 | JPMORGAN CHASE & CO | 328,798 | $30M | +19,677 | +6.4% | 10Q | SEC ↗ |
| 40 | HSBC HOLDINGS PLC | 311,548 | $28M | +11,912 | +4.0% | 10Q | SEC ↗ |
| 41 | Legal & General Group Plc | 267,800 | $24M | +18,848 | +7.6% | 10Q | SEC ↗ |
| 42 | Dodge & Cox | 252,826 | $23M | +42,600 | +20.3% | 10Q | SEC ↗ |
| 43 | Kora Management LP | 241,500 | $22M | — | +0.0% | 3Q | SEC ↗ |
| 44 | Cullen Capital Management, LLC NEW | 234,294 | $21M | — | +0.0% | 1Q | SEC ↗ |
| 45 | Russell Investments Group, Ltd. | 232,340 | $21M | +19,911 | +9.4% | 10Q | SEC ↗ |
| 46 | Ninety One UK Ltd | 228,559 | $21M | +12,981 | +6.0% | 10Q | SEC ↗ |
| 47 | Carmignac Gestion | 226,666 | $20M | +2,138 | +1.0% | 9Q | SEC ↗ |
| 48 | UNTITLED INVESTMENTS LP | 216,021 | $19M | -177,749 | -45.1% | 10Q | SEC ↗ |
| 49 | SOUTHEASTERN ASSET MANAGEMENT INC/TN | 212,999 | $19M | -27,629 | -11.5% | 5Q | SEC ↗ |
| 50 | State of New Jersey Common Pension Fun | 205,607 | $19M | +8,460 | +4.3% | 9Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| Spice Expeditions, LP | 2,584,454 | $233M |
| Kingsway Capital Partners Ltd | 596,134 | $54M |
| Cullen Capital Management, LLC | 234,294 | $21M |
| Deeter Investments LLP | 200,000 | $18M |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN | 106,000 | $10M |
| CITADEL ADVISORS LLC | 63,459 | $6M |
| Analyst IMS Investment Management S | 52,705 | $5M |
| ABS Investment Management LLC | 50,458 | $5M |
| BRILLIANCE ASSET MANAGEMENT LTD | 46,855 | $4M |
| XTX Topco Ltd | 18,298 | $2M |
| Empowered Funds, LLC | 17,026 | $2M |
| UBS AM, a distinct business unit of | 16,456 | $1M |
| Point Nemo Capital, LLC | 14,167 | $1M |
| Axxion S.A. | 11,000 | $992K |
| Lansforsakringar Fondforvaltning AB | 10,950 | $987K |
| HighVista Strategies LLC | 9,400 | $847K |
| ARROWSTREET CAPITAL, LIMITED PARTNE | 9,136 | $824K |
| CenterBook Partners LP | 6,586 | $594K |
| Fideuram Asset Management (Ireland) | 6,114 | $551K |
| PEAK6 LLC | 6,107 | $550K |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| CAT ROCK CAPITAL MANAGEMENT LP | 631,001 | $57M |
| Balyasny Asset Management L.P. | 319,737 | $29M |
| TT International Asset Management L | 286,939 | $26M |
| MIRABELLA FINANCIAL SERVICES LLP | 247,500 | $22M |
| Bienville Capital Management, LLC | 134,849 | $12M |
| Pillsbury Lake Capital LLC | 81,123 | $7M |
| Mawer Investment Management Ltd. | 72,791 | $7M |
| BANK OF MONTREAL /CAN | 61,486 | $6M |
| Carrhae Capital LLP | 50,668 | $5M |
| VOLORIDGE INVESTMENT MANAGEMENT, LL | 26,256 | $2M |
| Massar Capital Management, LP | 25,360 | $2M |
| Main Management ETF Advisors, LLC | 25,056 | $2M |
| Hood River Capital Management LLC | 24,258 | $2M |
| Engineers Gate Manager LP | 20,072 | $2M |
| WEALTH ENHANCEMENT ADVISORY SERVICE | 19,596 | $2M |
| Headlands Technologies LLC | 17,209 | $2M |
| BOOTHBAY FUND MANAGEMENT, LLC | 15,371 | $1M |
| Gordian Capital Singapore Pte Ltd | 11,500 | $1M |
| Amitell Capital Pte Ltd | 11,241 | $1M |
| ABN AMRO INVESTMENT SOLUTIONS | 9,446 | $851K |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| SCHRODER INVESTMENT MANAGEMENT GROU | +753,135 | +48.1% | 2,319,420 |
| BAILLIE GIFFORD & CO | +655,961 | +12.8% | 5,779,168 |
| SAMLYN CAPITAL, LLC | +431,337 | +40.4% | 1,498,332 |
| North of South Capital LLP | +417,709 | +73.3% | 987,390 |
| PZENA INVESTMENT MANAGEMENT LLC | +399,501 | +14.9% | 3,071,888 |
| FMR LLC | +371,088 | +23.0% | 1,983,010 |
| FIL Ltd | +309,616 | +9.3% | 3,635,858 |
| Fiera Capital Corp | +119,918 | +55.2% | 337,257 |
| Capital World Investors | +115,124 | +11.2% | 1,143,698 |
| WELLINGTON MANAGEMENT GROUP LLP | +113,975 | +17.6% | 759,803 |
| Pictet Asset Management Holding SA | +112,536 | +253.8% | 156,879 |
| Point72 Asset Management, L.P. | +92,142 | +1185.0% | 99,918 |
| BRANDES INVESTMENT PARTNERS, LP | +89,570 | +12.0% | 833,669 |
| Artisan Partners Limited Partnershi | +85,378 | +22.1% | 471,473 |
| WCM INVESTMENT MANAGEMENT, LLC | +84,998 | +14.9% | 656,410 |
| Euro Pacific Asset Management, LLC | +76,841 | +242.6% | 108,521 |
| Weiss Asset Management LP | +58,224 | +51.6% | 171,026 |
| WELLS FARGO & COMPANY/MN | +53,248 | +20559.1% | 53,507 |
| Tidal Investments LLC | +47,409 | +235.4% | 67,548 |
| BlackRock, Inc. | +46,210 | +4.4% | 1,085,784 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| Baring Fintech Fund III Managers Lt | -4,955,070 | -41.1% | 7,106,927 |
| Baring Fintech Manager Holding Ltd | -1,314,798 | -7.3% | 16,737,053 |
| Southpoint Capital Advisors LP | -400,000 | -40.0% | 600,000 |
| SUSQUEHANNA INTERNATIONAL GROUP, LL | -221,729 | -70.1% | 94,524 |
| UNTITLED INVESTMENTS LP | -177,749 | -45.1% | 216,021 |
| BIT Capital GmbH | -126,736 | -80.8% | 30,112 |
| Gemsstock Ltd. | -114,656 | -22.5% | 394,491 |
| DEUTSCHE BANK AG | -113,929 | -73.2% | 41,758 |
| GOLDMAN SACHS GROUP INC | -111,844 | -18.1% | 505,895 |
| Aberdeen Group plc | -94,010 | -16.1% | 488,937 |
| UBS Group AG | -84,642 | -17.8% | 390,820 |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP | -60,765 | -14.1% | 371,235 |
| SANDS CAPITAL MANAGEMENT, LLC | -55,317 | -3.5% | 1,531,017 |
| Coronation Fund Managers Ltd. | -50,967 | -5.9% | 814,783 |
| KAYNE ANDERSON RUDNICK INVESTMENT M | -49,906 | -31.7% | 107,411 |
| Marex Group Ltd | -45,354 | -8.3% | 502,940 |
| Jump Financial, LLC | -37,168 | -77.1% | 11,011 |
| Mondrian Investment Partners LTD | -36,353 | -8.4% | 396,336 |
| SOUTHEASTERN ASSET MANAGEMENT INC/T | -27,629 | -11.5% | 212,999 |
| VR Advisory Services Ltd | -27,370 | -2.5% | 1,049,999 |