BlackRock, Morgan Stanley and J.P. Morgan increased their holdings in Freedom Holding Corp. (FRHC)

In Q3 2025 (July–September), three of the world’s largest institutional investors continued to increase their positions in Freedom Holding Corp. (NASDAQ: FRHC).

• BlackRock, the world’s largest asset manager, purchased nearly 25,000 additional shares, bringing its stake to 545,060 shares (0.94% of the company). The value of its position as of September 30 was $74.85 million. BlackRock remains the №1 institutional shareholder of FRHC.

• Morgan Stanley increased its position by 73,000 shares (+60%), bringing its total holdings to 195,890 shares valued at $26.9 million. This move lifted the bank to 3rd place among the company’s institutional investors. State Street Corporation holds 2nd place.

• J.P.Morgan Chase & Co. tripled its stake — from approximately 25–26 thousand shares to 76,070 shares. The position was valued at $10.4 million at the end of the quarter, placing the bank 7th among institutional holders.

The growing interest from major Wall Street players comes amid the continued scaling of Freedom Holding Corp.’s business, expansion of its international presence, and major technological initiatives — including the construction of a sovereign AI hub in Kazakhstan in partnership with NVIDIA, one of the largest projects of its kind in the region.