D-Market Electronic Services & Trading
HEPS
29 hedge funds and large institutions have $65.4M invested in D-Market Electronic Services & Trading in 2026 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 10 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
2.46% less ownership
Funds ownership: 9.45% → 6.99% (-2.5%)
9% less funds holding
Funds holding: 32 → 29 (-3)
13% less capital invested
Capital invested by funds: $75.3M → $65.4M (-$9.94M)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
56% less call options, than puts
Call options by funds: $69K | Put options by funds: $157K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
XT
XTX Topco
George Town,
Cayman Islands
|
+$195K |
| 2 |
Jane Street
New York
|
+$167K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$133K |
| 4 |
JC
JBF Capital
Aspen,
Colorado
|
+$84.5K |
| 5 |
Two Sigma Investments
New York
|
+$59.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hosking Partners
London,
United Kingdom
|
-$9.04M |
| 2 |
Morgan Stanley
New York
|
-$862K |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$764K |
| 4 |
BlackRock
New York
|
-$738K |
| 5 |
ADEF
ABS Direct Equity Fund
Stamford,
Connecticut
|
-$460K |
HEPS Hedge Fund Activity: Q1 2026 in Review
29 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in D-Market Electronic Services & Trading (HEPS) for Q1 2026, worth a combined $65.4M — down 13% from $75.3M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HEPS and 8 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 7 added.
The largest buyer was XTX Topco, opening a new position worth an estimated $195K. The largest seller was Hosking Partners, exiting entirely with an estimated $9.04M sold.
- 29 institutional investors held D-Market Electronic Services & Trading (HEPS) as of Q1 2026, down from 32 in Q4 2025.
- Funds reported $65.4M of D-Market Electronic Services & Trading stock for Q1 2026, down 13% quarter-over-quarter.
- 8 funds opened new D-Market Electronic Services & Trading positions in Q1 2026 and 10 closed out, a net change of -2 holders.
- The largest D-Market Electronic Services & Trading buyer in Q1 2026 was XTX Topco, an estimated $195K added.
- The largest D-Market Electronic Services & Trading seller in Q1 2026 was Hosking Partners, an estimated $9.04M sold.
Based on aggregated 13F filings for Q1 2026.