The largest holder of Joint Stock Company Kaspi.kz stock is Baring Vostok Capital Partners Ltd (Russia), with 36.1 million shares (19.00% of the company), worth about $3.80 billion as of September 25, 2026. The 10 largest holders together own 30.7%.
In Q2 2026, 217 institutional holdings reports listed 83.7 million shares worth $7.25 billion, down 1.2% in shares from Q1 2026.
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026).

2026Q2
| Holder | Shares | % of company | Value |
|---|---|---|---|
| Baring Vostok Capital Partners Ltd (Russia) | 36.1 million | 19.00% | $3.8B |
| Baillie Gifford & Co. | 5.8 million | 3.04% | $608.0M |
| Fidelity Investments Canada ULC | 3.6 million | 1.91% | $382.0M |
| Pzena Investment Management, Inc. | 3.1 million | 1.62% | $323.0M |
| Schroder Investment Management Ltd. (13F Subfiler) | 2.3 million | 1.22% | $244.0M |
| Fidelity Management & Research Co. LLC | 2.0 million | 1.04% | $208.0M |
| Sands Capital Management LLC | 1.5 million | 0.81% | $161.0M |
| Samlyn Capital LLC | 1.5 million | 0.79% | $158.0M |
| Fidelity Management & Research (Hong Kong) Ltd. | 1.3 million | 0.68% | $136.0M |
| Capital Research & Management Co. (World Investors) | 1.1 million | 0.60% | $120.0M |
As of September 25, 2026.
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 217 | 83.7 million | $7.3B |
| Q1 2026 | 179 | 84.7 million | $6.3B |
| Q4 2025 | 187 | 85.7 million | $6.7B |
| Q3 2025 | 198 | 74.7 million | $6.1B |
| Q2 2025 | 172 | 75.1 million | $6.4B |
| Q1 2025 | 201 | 88.9 million | $8.3B |
| Q4 2024 | 184 | 89.4 million | $8.5B |
| Q3 2024 | 179 | 43.6 million | $4.6B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
Baring Vostok Capital Partners Ltd (Russia), with 19.00% of the company (as of September 25, 2026). Next: Baillie Gifford & Co. (3.04%) and Fidelity Investments Canada ULC (1.91%).
217 institutional holdings reports listed Joint Stock Company Kaspi.kz shares in Q2 2026, 83.7 million shares in all worth $7.25 billion.