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HEPS

D-Market Electronic Services & Trading
HEPS

46 hedge funds and large institutions have $99.7M invested in D-Market Electronic Services & Trading in 2024 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

216% more capital invested

Capital invested by funds: $31.6M → $99.7M (+$68.1M)

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

12% more funds holding

Funds holding: 41 → 46 (+5)

6.66% more ownership

Funds ownership: 5.04% → 11.69% (+6.7%)

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

Holders
46
Holders Change
+5
Holders Change %
+12.2%
% of All Funds
0.61%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.05%
New
16
Increased
11
Reduced
12
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TCM
Tekne Capital Management
New York
+$18.5M
2
BCM
Brightlight Capital Management
Connecticut
+$14.3M
3
LCG
Luxor Capital Group
New York
+$13.9M
4
VAS
VR Advisory Services
Cayman Islands
+$8.17M
5
BC
BIT Capital
Germany
+$4.41M

Top Sellers

Rank Fund Capital Flow
1
B
Barings
North Carolina
-$1.6M
2
Renaissance Technologies
Renaissance Technologies
New York
-$1.51M
3
Millennium Management
Millennium Management
New York
-$1.13M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$929K
5
Swedbank
Swedbank
Sweden
-$815K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
1
Tekne Capital Management
New York
$18.8M +$18.5M +6,200,000 New
BCM
2
Brightlight Capital Management
Connecticut
$14.5M +$14.3M +4,796,396 New
LCG
3
Luxor Capital Group
New York
$14.1M +$13.9M +4,657,728 New
HP
4
Hosking Partners
United Kingdom
$11.9M -$510K -171,210 -4%
VAS
5
VR Advisory Services
Cayman Islands
$8.32M +$8.17M +2,746,358 New
T. Rowe Price Associates
6
T. Rowe Price Associates
Maryland
$6.54M -$298K -100,200 -4%
BC
7
BIT Capital
Germany
$4.54M +$4.41M +1,483,304 +9,161%
BlackRock
8
BlackRock
New York
$3.25M +$464 +156 +0%
Morgan Stanley
9
Morgan Stanley
New York
$3.05M +$1.44M +483,030 +93%
BNP Paribas Financial Markets
10
BNP Paribas Financial Markets
France
$2.73M +$2.69M +902,528 New
State Street
11
State Street
Massachusetts
$2.17M +$47.6K +16,005 +2%
Renaissance Technologies
12
Renaissance Technologies
New York
$1.84M -$1.51M -506,100 -45%
UBS Group
13
UBS Group
Switzerland
$883K +$867K +291,301 New
Arrowstreet Capital
14
Arrowstreet Capital
Massachusetts
$756K +$17.4K +5,855 +2%
OCM
15
OLP Capital Management
Hong Kong
$702K +$690K +231,679 New
Russell Investments Group
16
Russell Investments Group
United Kingdom
$619K – – –
Macquarie Group
17
Macquarie Group
Australia
$569K – – –
ADEF
18
ABS Direct Equity Fund
Connecticut
$545K +$536K +180,000 New
Marshall Wace
19
Marshall Wace
United Kingdom
$510K +$501K +168,318 New
Two Sigma Advisers
20
Two Sigma Advisers
New York
$347K -$393K -132,100 -54%
SSA
21
Schonfeld Strategic Advisors
New York
$307K +$302K +101,408 New
RC
22
Rangeley Capital
Connecticut
$303K +$298K +100,000 New
Hudson Bay Capital Management
23
Hudson Bay Capital Management
Connecticut
$276K +$271K +91,029 New
CSS
24
Cubist Systematic Strategies
Connecticut
$240K +$159K +53,441 +208%
QC
25
Quadrature Capital
United Kingdom
$216K +$149K +50,172 +240%
1
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HEPS Hedge Fund Activity: Q4 2024 in Review

46 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in D-Market Electronic Services & Trading (HEPS) for Q4 2024, worth a combined $99.7M — up 216% from $31.6M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new HEPS positions and 11 closed out — a net gain of 5 holders — while 11 added to existing stakes and 12 trimmed.

The largest buyer was Tekne Capital Management, opening a new position worth an estimated $18.5M. The largest seller was Barings, exiting entirely with an estimated $1.6M sold.

  • 46 institutional investors held D-Market Electronic Services & Trading (HEPS) as of Q4 2024, up from 41 in Q3 2024.
  • Funds reported $99.7M of D-Market Electronic Services & Trading stock for Q4 2024, up 216% quarter-over-quarter.
  • 16 funds opened new D-Market Electronic Services & Trading positions in Q4 2024 and 11 closed out, a net change of +5 holders.
  • The largest D-Market Electronic Services & Trading buyer in Q4 2024 was Tekne Capital Management, an estimated $18.5M added.
  • The largest D-Market Electronic Services & Trading seller in Q4 2024 was Barings, an estimated $1.6M sold.

Based on aggregated 13F filings for Q4 2024.