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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Must Asset Management
Seoul,
South Korea
|
+$26.6M |
| 2 |
HP
Hosking Partners
London,
United Kingdom
|
+$14.4M |
| 3 |
CII
Capital International Inc
Los Angeles,
California
|
+$10.7M |
| 4 |
Renaissance Technologies
New York
|
+$2.63M |
| 5 |
Morgan Stanley
New York
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$24.7M |
| 2 |
JP Morgan Chase
New York
|
-$19.4M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
-$15.8M |
| 4 |
GIM
Genesis Investment Management
London,
United Kingdom
|
-$14.6M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$11.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCP
51
GSA Capital Partners
London,
United Kingdom
| – | -$126K | -18,423 | Closed |
|
|
ECM
52
ExodusPoint Capital Management
New York
| – | -$118K | -17,221 | Closed |
|
53
Osaic Holdings
Scottsdale,
Arizona
| – | -$98K | -14,197 | Closed |
|
54
Daiwa Securities Group
Tokyo,
Japan
| – | -$50K | -7,330 | Closed |
|
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.