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D-MARKET Electronic Services & Trading

HEPS
Exchange
Nasdaq
Industry
Retail-Catalog & Mail-Order Houses
SEC CIK
0001850235

No open-market purchases or sales by D-MARKET Electronic Services & Trading insiders were filed in the last 90 days; 32 institutions reported holding it in 13F filings for Q2 2026, worth $74.5M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in D-MARKET Electronic Services & Trading as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
43
+2 vs. Q2 2025
Shares held
42.3M
−444.7K (−1.0%) vs. Q2 2025
Total value
$113.9M
−$1.62M (−1.4%) vs. Q2 2025
New holders
12
12 more added
Sold out
10
15 more reduced

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting HEPS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 43 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 38 institutionsQ4 2021: 35 institutionsQ1 2022: 36 institutionsQ2 2022: 41 institutionsQ3 2022: 32 institutionsQ4 2022: 35 institutionsQ1 2023: 34 institutionsQ2 2023: 40 institutionsQ3 2023: 36 institutionsQ4 2023: 35 institutionsQ1 2024: 33 institutionsQ2 2024: 41 institutionsQ3 2024: 41 institutionsQ4 2024: 46 institutionsQ1 2025: 40 institutionsQ2 2025: 41 institutionsQ3 2025: 43 institutionsQ4 2025: 32 institutionsQ1 2026: 30 institutionsQ2 2026: 32 institutions
Value heldQ3 2025: $113.9M
Q1 2021: $0Q2 2021: $0Q3 2021: $414.4MQ4 2021: $105.4MQ1 2022: $118.8MQ2 2022: $25.5MQ3 2022: $36.6MQ4 2022: $16.9MQ1 2023: $29.6MQ2 2023: $37.4MQ3 2023: $26.0MQ4 2023: $31.0MQ1 2024: $23.7MQ2 2024: $33.9MQ3 2024: $31.6MQ4 2024: $99.7MQ1 2025: $122.1MQ2 2025: $115.5MQ3 2025: $113.9MQ4 2025: $75.3MQ1 2026: $66.2MQ2 2026: $74.5M
Institutions holding HEPS and their total value by quarter
QuarterHoldersValue
Q2 202632$74.5M
Q1 202630$66.2M
Q4 202532$75.3M
Q3 202543$113.9M
Q2 202541$115.5M
Q1 202540$122.1M
Q4 202446$99.7M
Q3 202441$31.6M
Q2 202441$33.9M
Q1 202433$23.7M
Q4 202335$31.0M
Q3 202336$26.0M
Q2 202340$37.4M
Q1 202334$29.6M
Q4 202235$16.9M
Q3 202232$36.6M
Q2 202241$25.5M
Q1 202236$118.8M
Q4 202135$105.4M
Q3 202138$414.4M
Q2 20210$0
Q1 20210$0

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding D-MARKET Electronic Services & Trading; share changes are against Q2 2025.

Institutions holding HEPS in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
VR Advisory Services Ltd15,941,737$42.9M10.40%+2,007,252+14.4%Added
Brightlight Capital Management LP6,305,000$17.0M10.26%+9300.0%Added
Luxor Capital Group, LP3,912,903$10.5M1.44%+314,719+8.7%Added
Hosking Partners LLP3,697,569$9.95M0.36%−90,874−2.4%Reduced
BlackRock, Inc.3,017,820$8.12M0.00%+430.0%Added
Tekne Capital Management, LLC1,611,112$4.33M1.22%−1,478,087−47.8%Reduced
BIT Capital GmbH1,538,011$4.14M0.19%−31,000−2.0%Reduced
Morgan Stanley1,116,744$3.00M0.00%+281,666+33.7%Added
BNP Paribas Arbitrage, SA866,956$2.33M0.00%−98,452−10.2%Reduced
State Street Corp819,430$2.20M0.00%+37,189+4.8%Added
Marex Group plc742,707$2.00M0.02%+742,707New
UBS Group AG691,683$1.86M0.00%−160,495−18.8%Reduced
GAM Holding AG300,000$807.0K0.05%+300,000New
Gsa Capital Partners LLP237,221$638.0K0.05%+237,221New
Rangeley Capital, LLC200,000$538.0K0.51%00.0%Unchanged
ABS Direct Equity Fund LLC185,300$498.5K0.71%00.0%Unchanged
Macquarie Group Ltd183,924$495.0K0.00%−3,088−1.7%Reduced
Russell Investments Group, Ltd.157,483$423.6K0.00%−46,753−22.9%Reduced
Mirae Asset Global ETFs Holdings Ltd.155,893$419.4K0.00%−9,528−5.8%Reduced
Geode Capital Management, LLC130,255$350.4K0.00%+22,339+20.7%Added
Renaissance Technologies LLC118,188$317.9K0.00%−137,512−53.8%Reduced
Schonfeld Strategic Advisors LLC69,000$185.6K0.00%+36,378+111.5%Added
Wealth Enhancement Advisory Services, LLC60,497$163.9K0.00%+60,497New
GWM Advisors LLC37,687$101.4K0.00%−5,750−13.2%Reduced
Goldman Sachs Group Inc32,489$87.4K0.00%+32,489New
Capricorn Fund Managers Ltd29,185$78.5K0.03%00.0%Unchanged
Cubist Systematic Strategies, LLC24,292$65.3K0.00%+24,292New
Two Sigma Advisers, LP22,700$61.1K0.00%−6,000−20.9%Reduced
Two Sigma Investments, LP21,338$57.4K0.00%+1,100+5.4%Added
GAMMA Investing LLC21,334$57.4K0.00%+1,019+5.0%Added
FMR LLC20,589$55.4K0.00%+7,769+60.6%Added
Susquehanna International Group, LLP15,582$41.9K0.00%+15,582New
Rhumbline Advisers15,155$40.8K0.00%−6,335−29.5%Reduced
Vident Advisory, LLC14,310$38.5K0.00%−580−3.9%Reduced
Ieq Capital, LLC11,374$30.6K0.00%+11,374New
Northern Trust Corp10,630$28.6K0.00%+10,630New
Simplex Trading, LLC5,646$15.0K0.00%+5,210+1,195.0%Added
SBI Securities Co., Ltd.5,021$13.5K0.00%−384−7.1%Reduced
EverSource Wealth Advisors, LLC912$2.45K0.00%−248−21.4%Reduced
SJS Investment Consulting Inc.436$1.17K0.00%00.0%Unchanged
Point72 (DIFC) Ltd247$6640.00%+247New
Jones Financial Companies LLLP200$5620.00%+200New
Rossby Financial, LCC11$300.00%+11New
Price T Rowe Associates Inc0$00.00%−1,710,733−100.0%Sold out
Millennium Management LLC0$00.00%−197,363−100.0%Sold out
Itau Unibanco Holding S.A.0$00.00%−166,330−100.0%Sold out
Baader Bank INC0$00.00%−164,574−100.0%Sold out
Polen Capital Management LLC0$00.00%−114,817−100.0%Sold out
Options Solutions, LLC0$00.00%−114,817−100.0%Sold out
Cantor Fitzgerald, L. P.0$00.00%−32,200−100.0%Sold out
XTX Topco Ltd0$00.00%−13,608−100.0%Sold out
UBS Asset Management Americas Inc0$00.00%−6,000−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−30−100.0%Sold out