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, Q4 2025
Institutional positions in D-MARKET Electronic Services & Trading as of Dec 31, 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
- 32
- −9 vs. Q3 2025
- Shares held
- 30.4M
- −12.0M (−28.3%) vs. Q3 2025
- Total value
- $75.3M
- −$38.5M (−33.8%) vs. Q3 2025
- New holders
- 5
- 10 more added
- Sold out
- 14
- 11 more reduced
2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 32 | $74.5M |
| Q1 2026 | 30 | $66.2M |
| Q4 2025 | 32 | $75.3M |
| Q3 2025 | 43 | $113.9M |
| Q2 2025 | 41 | $115.5M |
| Q1 2025 | 40 | $122.1M |
| Q4 2024 | 46 | $99.7M |
| Q3 2024 | 41 | $31.6M |
| Q2 2024 | 41 | $33.9M |
| Q1 2024 | 33 | $23.7M |
| Q4 2023 | 35 | $31.0M |
| Q3 2023 | 36 | $26.0M |
| Q2 2023 | 40 | $37.4M |
| Q1 2023 | 34 | $29.6M |
| Q4 2022 | 35 | $16.9M |
| Q3 2022 | 32 | $36.6M |
| Q2 2022 | 41 | $25.5M |
| Q1 2022 | 36 | $118.8M |
| Q4 2021 | 35 | $105.4M |
| Q3 2021 | 38 | $414.4M |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding D-MARKET Electronic Services & Trading; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| VR Advisory Services Ltd | 16,472,821 | $40.9M | 6.47% | +531,084+3.3% | Added |
| Hosking Partners LLP | 3,646,033 | $9.04M | 0.31% | −51,536−1.4% | Reduced |
| BlackRock, Inc. | 3,017,777 | $7.48M | 0.00% | −430.0% | Reduced |
| State Street Corp | 2,379,825 | $5.90M | 0.00% | +1,560,395+190.4% | Added |
| UBS Group AG | 892,087 | $2.21M | 0.00% | +200,404+29.0% | Added |
| BNP Paribas Arbitrage, SA | 868,632 | $2.15M | 0.00% | +1,676+0.2% | Added |
| Morgan Stanley | 838,360 | $2.08M | 0.00% | −278,384−24.9% | Reduced |
| GAM Holding AG | 450,000 | $1.12M | 0.07% | +150,000+50.0% | Added |
| Gsa Capital Partners LLP | 308,126 | $764.0K | 0.07% | +70,905+29.9% | Added |
| Rangeley Capital, LLC | 200,000 | $496.0K | 0.43% | 00.0% | Unchanged |
| Nomura Asset Management International Inc. | 188,004 | $465.6K | 0.00% | +188,004 | New |
| ABS Direct Equity Fund LLC | 185,300 | $459.5K | 0.55% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 157,458 | $390.5K | 0.00% | −250.0% | Reduced |
| Geode Capital Management, LLC | 155,287 | $385.1K | 0.00% | +25,032+19.2% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 136,461 | $338.4K | 0.00% | −19,432−12.5% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 80,338 | $216.9K | 0.00% | +19,841+32.8% | Added |
| Standard Life Aberdeen plc | 77,099 | $191.2K | 0.00% | +77,099 | New |
| Millennium Management LLC | 75,480 | $187.2K | 0.00% | +75,480 | New |
| Schonfeld Strategic Advisors LLC | 69,000 | $171.1K | 0.00% | 00.0% | Unchanged |
| Capricorn Fund Managers Ltd | 29,185 | $72.4K | 0.02% | 00.0% | Unchanged |
| Two Sigma Advisers, LP | 22,600 | $56.0K | 0.00% | −100−0.4% | Reduced |
| Graham Capital Management, L.P. | 21,995 | $54.5K | 0.00% | +21,995 | New |
| GAMMA Investing LLC | 18,619 | $46.2K | 0.00% | −2,715−12.7% | Reduced |
| Two Sigma Investments, LP | 17,938 | $44.5K | 0.00% | −3,400−15.9% | Reduced |
| Rhumbline Advisers | 14,066 | $34.9K | 0.00% | −1,089−7.2% | Reduced |
| FMR LLC | 13,188 | $32.7K | 0.00% | −7,401−35.9% | Reduced |
| Vident Advisory, LLC | 12,669 | $31.4K | 0.00% | −1,641−11.5% | Reduced |
| Northern Trust Corp | 12,311 | $30.5K | 0.00% | +1,681+15.8% | Added |
| SBI Securities Co., Ltd. | 5,087 | $12.6K | 0.00% | +66+1.3% | Added |
| Jones Financial Companies LLLP | 200 | $496 | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 65 | $161 | 0.00% | +65 | New |
| Rossby Financial, LCC | 11 | $27 | 0.00% | 00.0% | Unchanged |
| Brightlight Capital Management LP | 0 | $0 | 0.00% | −6,305,000−100.0% | Sold out |
| Luxor Capital Group, LP | 0 | $0 | 0.00% | −3,912,903−100.0% | Sold out |
| Tekne Capital Management, LLC | 0 | $0 | 0.00% | −1,611,112−100.0% | Sold out |
| BIT Capital GmbH | 0 | $0 | 0.00% | −1,538,011−100.0% | Sold out |
| Marex Group plc | 0 | $0 | 0.00% | −742,707−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −183,924−100.0% | Sold out |
| Renaissance Technologies LLC | 0 | $0 | 0.00% | −118,188−100.0% | Sold out |
| GWM Advisors LLC | 0 | $0 | 0.00% | −37,687−100.0% | Sold out |
| Goldman Sachs Group Inc | 0 | $0 | 0.00% | −32,489−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −15,582−100.0% | Sold out |
| Ieq Capital, LLC | 0 | $0 | 0.00% | −11,374−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −5,646−100.0% | Sold out |
| EverSource Wealth Advisors, LLC | 0 | $0 | 0.00% | −912−100.0% | Sold out |
| SJS Investment Consulting Inc. | 0 | $0 | 0.00% | −436−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Point72 (DIFC) Ltd | – | – | – | – | Not filed |