Gemsstock Ltd.: KASPI KZ JSC (KSPI): Quarterly 13F Position History
As of Q2 2026, Gemsstock Ltd. reported 394,491 shares of KASPI KZ JSC (KSPI), worth $34.2M and representing 10.1% of its 13F equity book. Quarter-over-quarter share count change: 114,656 (-22.5%) . The position first appeared in Q4 2024 and has been disclosed across 7 13F-HR filings in Pactolio's tracked window.
- 394,491Shares Held (Latest Filing)
- $34.2MReported Market Value (Latest Filing)
- 10.1%Portfolio Weight (% of 13F Equity Book)
- 114,656Quarter-over-Quarter Share Change
- -$3.5MQuarter-over-Quarter Value Change
- 509,147Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 7 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 394,491 | 114,656 | -22.5% | $34.2M | 10.1% | $86.6 |
| Q1 2026 | 509,147 | +320,885 | +170.4% | $37.7M | 4.0% | $74.1 |
| Q4 2025 | 188,262 | +1,600 | +0.9% | $14.7M | 1.9% | $78.1 |
| Q3 2025 | 186,662 | 140,700 | -43.0% | $15.2M | 3.1% | $81.7 |
| Q2 2025 | 327,362 | 82,638 | -20.2% | $27.8M | 5.0% | $84.9 |
| Q1 2025 | 410,000 | +277,687 | +209.9% | $38.1M | 14.3% | $92.8 |
| Q4 2024 | 132,313 | – | – | $12.5M | 2.6% | $94.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Gemsstock Ltd. first disclose a KSPI position in 13F-HR filings?
Gemsstock Ltd. first reported KASPI KZ JSC (KSPI) on its 13F-HR filing for the period ending 2024-12-31 (Q4 2024). The position has appeared on 7 reported quarters within Pactolio's tracked window.
What was Gemsstock Ltd.'s most recent quarter-over-quarter share-count change in KSPI?
Between Q1 2026 and Q2 2026, Gemsstock Ltd. reduced its KSPI position by 114,656 shares (-22.5%), leaving 394,491 shares at a market value of $34.2M.
Does the implied price-per-share represent Gemsstock Ltd.'s cost basis in KSPI?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.