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HEPS

D-Market Electronic Services & Trading
HEPS

35 hedge funds and large institutions have $105M invested in D-Market Electronic Services & Trading in 2021 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.83% less ownership

Funds ownership: 21.14% → 19.31% (-1.8%)

8% less funds holding

Funds holding: 38 → 35 (-3)

11% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 19

75% less capital invested

Capital invested by funds: $414M → $105M (-$309M)

Holders
35
Holders Change
-3
Holders Change %
-7.89%
% of All Funds
0.54%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
8
Reduced
7
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MAM
Must Asset Management
South Korea
+$26.6M
2
HP
Hosking Partners
United Kingdom
+$14.4M
3
CII
Capital International Inc
California
+$10.7M
4
Renaissance Technologies
Renaissance Technologies
New York
+$2.63M
5
Morgan Stanley
Morgan Stanley
New York
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$24.7M
2
JP Morgan Chase
JP Morgan Chase
New York
-$19.4M
3
TCM
TimesSquare Capital Management
New York
-$15.8M
4
GIM
Genesis Investment Management
United Kingdom
-$14.6M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$11.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
26
Two Sigma Investments
New York
$54K +$107K +28,277 New
Squarepoint
27
Squarepoint
New York
$50K +$99.2K +26,200 New
LPL Financial
28
LPL Financial
California
$48K +$56.4K +14,890 +148%
EGM
29
Engineers Gate Manager
New York
$47K +$93.7K +24,743 New
AAM
30
Advisors Asset Management
Colorado
$40K +$80.1K +21,155 New
Fidelity International
31
Fidelity International
Bermuda
$27K +$53.2K +14,063 New
TRCT
32
Tower Research Capital (TRC)
New York
$25K +$48.7K +12,877 New
TSS
33
Two Sigma Securities
New York
$23K +$46.4K +12,264 New
QC
34
QCM Cayman
Texas
$21K +$41.3K +10,898 New
ETC
35
Exchange Traded Concepts
Oklahoma
$13K +$24.2K +6,401 +1,043%
Wellington Management Group
36
Wellington Management Group
Massachusetts
– -$24.7M -3,605,517 Closed
TCM
37
TimesSquare Capital Management
New York
– -$15.8M -2,299,770 Closed
Fiera Capital (Canada)
38
Fiera Capital (Canada)
Quebec, Canada
– -$11.2M -1,631,855 Closed
GCM
39
Ghisallo Capital Management
Massachusetts
– -$5.14M -750,000 Closed
AIMCA
40
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$3.87M -563,934 Closed
DZ Bank
41
DZ Bank
Germany
– -$1.54M -225,000 Closed
Goldman Sachs
42
Goldman Sachs
New York
– -$1.05M -153,000 Closed
CS
43
Credit Suisse
Switzerland
– -$553K -80,550 Closed
Marshall Wace
44
Marshall Wace
United Kingdom
– -$477K -69,514 Closed
CCM
45
CAAS Capital Management
New York
– -$391K -57,005 Closed
CSS
46
Cubist Systematic Strategies
Connecticut
– -$236K -34,337 Closed
Mirae Asset Global Investments
47
Mirae Asset Global Investments
South Korea
– -$210K -30,600 Closed
Geode Capital Management
48
Geode Capital Management
Massachusetts
– -$206K -30,066 Closed
WP
49
Woodline Partners
California
– -$179K -26,071 Closed
UBS Group
50
UBS Group
Switzerland
– -$146K -21,199 Closed
1
2
3

HEPS Hedge Fund Activity: Q4 2021 in Review

35 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in D-Market Electronic Services & Trading (HEPS) for Q4 2021, worth a combined $105M — down 75% from $414M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of HEPS and 17 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 8 added.

The largest buyer was Must Asset Management, adding an estimated $26.6M. The largest seller was Wellington Management Group, exiting entirely with an estimated $24.7M sold.

  • 35 institutional investors held D-Market Electronic Services & Trading (HEPS) as of Q4 2021, down from 38 in Q3 2021.
  • Funds reported $105M of D-Market Electronic Services & Trading stock for Q4 2021, down 75% quarter-over-quarter.
  • 17 funds opened new D-Market Electronic Services & Trading positions in Q4 2021 and 19 closed out, a net change of -2 holders.
  • The largest D-Market Electronic Services & Trading buyer in Q4 2021 was Must Asset Management, an estimated $26.6M added.
  • The largest D-Market Electronic Services & Trading seller in Q4 2021 was Wellington Management Group, an estimated $24.7M sold.

Based on aggregated 13F filings for Q4 2021.