TCM
HEPS

Tekne Capital Management’s D-Market Electronic Services & Trading HEPS Stock Holding History

Tekne Capital Management’s Portfolio HEPS Stock Details HEPS Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-1,611,112
Closed -$4.33M – 5
2025
Q3 		$4.33M Sell
1,611,112
-1,478,087
-48% -$4.1M 1.22% 4
2025
Q2 		$8.34M Sell
3,089,199
-2,765,904
-47% -$7.51M 2.9% 4
2025
Q1 		$16.7M Sell
5,855,103
-344,897
-6% -$1.12M 6.36% 4
2024
Q4 		$18.8M Buy
+6,200,000
New +$18.5M 6.65% 6

Other funds holding HEPS

VAS
VR Advisory Services Camana Bay, Grand Cayman, Cayman Islands $845M AUM 22.79% 1-Year Est. Return
HP
Hosking Partners London, United Kingdom $2.79B AUM 58.33% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
BNP Paribas Financial Markets
BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
GH
GAM Holding Zurich, Switzerland $1.57B AUM 25.73% 1-Year Est. Return
GCP
GSA Capital Partners London, United Kingdom $1.61B AUM 28.28% 1-Year Est. Return
RC
Rangeley Capital New Canaan, Connecticut $103M AUM 77.32% 1-Year Est. Return

Tekne Capital Management's HEPS Position: Q4 2025 in Review

Tekne Capital Management sold out of D-Market Electronic Services & Trading (HEPS) in Q4 2025, closing a stake of 1,611,112 shares — an estimated $4.33M sold.

Tekne Capital Management first reported a position in HEPS in Q4 2024 and held it in 4 quarters. The position peaked at $18.8M in Q4 2024. 32 funds tracked by Wall St. Rank hold HEPS as of Q4 2025.

  • Tekne Capital Management reported no remaining D-Market Electronic Services & Trading position as of Q4 2025 after selling out during the quarter.
  • Tekne Capital Management sold 1,611,112 D-Market Electronic Services & Trading shares in Q4 2025, an estimated $4.33M.
  • Tekne Capital Management first reported a position in D-Market Electronic Services & Trading in Q4 2024 and held it in 4 quarters.
  • Tekne Capital Management's D-Market Electronic Services & Trading position peaked at $18.8M in Q4 2024.
  • 32 funds tracked by Wall St. Rank held D-Market Electronic Services & Trading as of Q4 2025.

Based on Tekne Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.