What percentage of HEPS is owned by institutions?

Based on Q1 2026 13F filings, institutional ownership of D-Market Elektronik Hizmetler ve Ticaret A.S. stands at 7.6%, held across 30 reporting institutions.

Who is the largest institutional holder of HEPS?

VR Advisory Services Ltd is the largest reported institutional holder of HEPS, with approximately 16,472,821 shares worth $0.04B as of Q1 2026.

Is HEPS a hedge fund favorite?

Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of HEPS, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, JANE STREET GROUP, LLC, TWO SIGMA INVESTMENTS, LP.

What is HEPS's Smart Money Score?

Our composite Smart Money Score for HEPS is 51 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

How many institutions bought HEPS this quarter?

9 institutions opened new positions in HEPS during Q1 2026, while 11 fully exited. 16 added to existing positions and 5 trimmed.

How is institutional ownership of HEPS changing?

HEPS institutional ownership fell by 0.79 percentage points quarter-over-quarter, with a net change of -2 holders.

How concentrated is HEPS ownership among the top holders?

The top 10 institutions account for 97.4% of all reported 13F value in HEPS, and the top 25 account for 100.0%.

Where does this HEPS institutional ownership data come from?

All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

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D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Institutional Ownership

Q1 2026 13F Data|Updated 2026-06-13

Institutional ownership decreased this quarter (-0.79 pp), while top 10 holders maintain a highly concentrated 97.4% of value.

Institutional Ownership7.6%$68M total value · ▼ 0.79 pp vs prior quarter

Smart Money Score

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Top Institutional Holders of HEPS

Ranked by reported Q1 2026 13F market value

Top 10 hold

97.4%

Top 25 hold

100.0%

Share of total reported institutional value in HEPS held by the largest 10 / 25 filers.

#	Institution	Shares Held	Market Value	QoQ Change	Ownership %	% of Fund
1	VR Advisory Services Ltd	16.5M	$43.2M	0.0%	5.193%	5.11%
2	BlackRock, Inc.	2.7M	$7.2M	-9.0%	0.866%	0.00%
3	STATE STREET CORP	2.3M	$6.1M	-1.8%	0.737%	0.00%
4	BNP PARIBAS ARBITRAGE, SA	872K	$2.3M	+0.4%	0.275%	0.00%
5	UBS Group AG	814K	$2.1M	-8.8%	0.257%	0.00%
6	Marex Group plc	743K	$2.1M	—	0.234%	0.01%
7	MORGAN STANLEY	523K	$1.4M	-37.7%	0.165%	0.00%
8	Rangeley Capital, LLC	200K	$524K	0.0%	0.063%	0.55%
9	GEODE CAPITAL MANAGEMENT, LLC	174K	$455K	+11.7%	0.055%	0.00%
10	NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	160K	$419K	-15.0%	0.050%	0.00%
11	Russell Investments Group, Ltd.	121K	$318K	-23.0%	0.038%	0.00%
12	abrdn plc	74K	$194K	-3.7%	0.023%	0.00%
13	XTX Topco Ltd	71K	$187K	—	0.022%	0.00%
14	Schonfeld Strategic Advisors LLC	69K	$181K	0.0%	0.022%	0.00%
15	SUSQUEHANNA INTERNATIONAL GROUP, LLP	64K	$167K	—	0.020%	0.00%
16	JANE STREET GROUP, LLC	61K	$160K	—	0.019%	0.00%
17	TWO SIGMA INVESTMENTS, LP	40K	$104K	+121.5%	0.013%	0.00%
18	GAMMA Investing LLC	31K	$82K	+67.5%	0.010%	0.00%
19	JBF Capital, Inc.	31K	$81K	—	0.010%	0.01%
20	Capricorn Fund Managers Ltd	29K	$76K	0.0%	0.009%	0.01%
21	FMR LLC	21K	$55K	+57.8%	0.007%	0.00%
22	NORTHERN TRUST CORP	14K	$37K	+15.4%	0.005%	0.00%
23	RHUMBLINE ADVISERS	14K	$37K	0.0%	0.004%	0.00%
24	Vident Advisory, LLC	13K	$33K	0.0%	0.004%	0.00%
25	IEQ CAPITAL, LLC	10K	$27K	—	0.003%	0.00%

denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HEPS — a direct measure of their conviction.

HEPS Institutional Ownership by Quarter

8 quarters of 13F filings · Δ columns show change vs prior quarter

Quarter	Inst. Holders	Δ Holders	Ownership %	Δ Ownership	Total 13F Value	Δ Value
Q1 2026	30	6.3%	7.60%	0.79 pp	$68M	9.4%
Q4 2025	32	26%	8.39%	4.36 pp	$75M	34%
Q3 2025	43	+2.4%	12.75%	+0.26 pp	$113M	+2.1%
Q2 2025	42	+2.4%	12.49%	+1.51 pp	$111M	+14%
Q1 2025	41	15%	10.98%	+2.61 pp	$98M	+31%
Q4 2024	48	+17%	8.37%	+5.54 pp	$74M	+195%
Q3 2024	41	+0.0%	2.83%	0.13 pp	$25M	4.4%
Q2 2024	41	—	2.96%	—	$26M	—

Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Institutional Ownership

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Institutional Ownership

AI Insights & Key Takeaways

Top Institutional Holders of HEPS

Quarterly Institutional Activity

New Buyers

Exited Positions

HEPS Institutional Ownership by Quarter

HEPS — Frequently Asked Questions