13FPulse
KS

KSPI JSC KASPI.KZ ADR

2026Q2 · CUSIP 48581R205 · Sector: Other

Piling in

Net holder growth ranks near the top of the market

Funds that own it
205
Institutions that reported holding it to the SEC
Net increase in holders
+39
Last quarter 166 → now 205
How unusual is that
Top 10%
Stronger buying than 93% of US stocks
What the filings say, in one paragraph

205 funds held KSPI at the end of 2026Q2, up 39 from the quarter before. That is stronger buying than 92.5% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $8.6B(YoY +59.8%), the P/E is 9.0x. KSPI has had 5 buying rushes in its history, and the price moved -1.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Other sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2021Q1: holders=2 2021Q2: holders=2 2021Q3: holders=2 2021Q4: holders=2 2022Q1: holders=2 2022Q2: holders=2 2022Q3: holders=2 2022Q4: holders=2 2023Q1: holders=2 2023Q2: holders=2 2023Q3: holders=2 2023Q4: holders=1 2024Q1: holders=123 2024Q2: holders=153 2024Q3: holders=170 2024Q4: holders=174 2025Q1: holders=191 2025Q2: holders=162 2025Q3: holders=186 2025Q4: holders=174 2026Q1: holders=166 2026Q2: holders=205 -122 -61 +0 +61 +122 0108216 21Q121Q322Q122Q323Q123Q324Q124Q325Q125Q326Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 5 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2025Q3 Top 20% +1.8% +29.3%
2025Q1 Top 20% +10.0% -15.1%
2024Q2 Top 10% -11.6% -15.1%
2024Q1 Top 1% in the market +10.7% -3.6%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
91
Change in large funds
+17
Total value they hold
$7.2B
Funds buying for the first time
55
Funds that sold out entirely
16
Price change that quarter
+22.8%
Funds holding puts (bearish)
5
Funds holding calls (bullish)
6

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
9.0
EPS (TTM)
$11.88
EPS YoY
+3.0%
Revenue (TTM)
$8.6B
Revenue YoY
+59.8%
Net margin
ROE
Debt ratio
FCF (TTM)
Dividend (TTM)
No dividend

As of 2025-12-31 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.