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HEPS

D-Market Electronic Services & Trading
HEPS

36 hedge funds and large institutions have $26M invested in D-Market Electronic Services & Trading in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.96% less ownership

Funds ownership: 7.79% → 6.83% (-0.96%)

10% less funds holding

Funds holding: 40 → 36 (-4)

15% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 13

31% less capital invested

Capital invested by funds: $37.4M → $26M (-$11.5M)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
36
Holders Change
-4
Holders Change %
-10%
% of All Funds
0.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
11
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$1.25M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$386K
3
QC
Quadrature Capital
United Kingdom
+$142K
4
BBA
Baader Bank Aktiengesellschaft
Germany
+$56.8K
5
CF
Cantor Fitzgerald
New York
+$49.5K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$2.63M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$936K
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$572K
4
BBVA
Banco Bilbao Vizcaya Argentaria
Spain
-$336K
5
Swedbank
Swedbank
Sweden
-$320K
Name Holding Trade Value Shares
Change 		Change in
Stake
HP
1
Hosking Partners
United Kingdom
$9.56M -$249K -161,997 -2%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$3.65M -$936K -608,539 -18%
Millennium Management
3
Millennium Management
New York
$3.18M +$1.25M +811,033 +51%
BlackRock
4
BlackRock
New York
$1.43M -$2.63M -1,712,497 -62%
B
5
Barings
North Carolina
$1.06M – – –
Renaissance Technologies
6
Renaissance Technologies
New York
$978K -$297K -193,311 -21%
Swedbank
7
Swedbank
Sweden
$834K -$320K -207,800 -25%
State Street
8
State Street
Massachusetts
$820K +$3.92K +2,545 +0.4%
Morgan Stanley
9
Morgan Stanley
New York
$723K -$43.8K -28,442 -5%
GCP
10
GSA Capital Partners
United Kingdom
$508K -$88.8K -57,724 -13%
Russell Investments Group
11
Russell Investments Group
United Kingdom
$478K +$13.2K +8,605 +2%
Acadian Asset Management
12
Acadian Asset Management
Massachusetts
$466K +$386K +251,132 +246%
PCM
13
Prelude Capital Management
New York
$373K – – –
QC
14
Quadrature Capital
United Kingdom
$305K +$142K +92,109 +68%
BBA
15
Baader Bank Aktiengesellschaft
Germany
$267K +$56.8K +36,889 +23%
Macquarie Group
16
Macquarie Group
Australia
$261K – – –
Two Sigma Investments
17
Two Sigma Investments
New York
$234K -$157K -101,906 -37%
Citadel Advisors
18
Citadel Advisors
Florida
$160K -$50.1K -32,599 -21%
Marshall Wace
19
Marshall Wace
United Kingdom
$142K -$15.9K -10,337 -9%
Barclays
20
Barclays
United Kingdom
$93.1K – – –
Geode Capital Management
21
Geode Capital Management
Massachusetts
$88.5K +$37.5K +24,360 +58%
COPPSERS
22
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$63.1K – – –
VA
23
Vident Advisory
Georgia
$57.6K +$66.6K +43,272 New
Two Sigma Advisers
24
Two Sigma Advisers
New York
$50.1K -$119K -77,600 -67%
Principal Financial Group
25
Principal Financial Group
Iowa
$43.5K +$3.36K +2,183 +7%
1
2

HEPS Hedge Fund Activity: Q3 2023 in Review

36 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in D-Market Electronic Services & Trading (HEPS) for Q3 2023, worth a combined $26M — down 31% from $37.4M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of HEPS and 5 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 11 added.

The largest buyer was Millennium Management, adding an estimated $1.25M. The largest seller was BlackRock, cutting an estimated $2.63M.

  • 36 institutional investors held D-Market Electronic Services & Trading (HEPS) as of Q3 2023, down from 40 in Q2 2023.
  • Funds reported $26M of D-Market Electronic Services & Trading stock for Q3 2023, down 31% quarter-over-quarter.
  • 5 funds opened new D-Market Electronic Services & Trading positions in Q3 2023 and 9 closed out, a net change of -4 holders.
  • The largest D-Market Electronic Services & Trading buyer in Q3 2023 was Millennium Management, an estimated $1.25M added.
  • The largest D-Market Electronic Services & Trading seller in Q3 2023 was BlackRock, an estimated $2.63M sold.

Based on aggregated 13F filings for Q3 2023.