D-Market Electronic Services & Trading

HEPS

Market cap $1.03B

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.