D-MARKET Electronic Services & Trading (HEPS) — Institutional Holders, Q2 2026
32 institutional investment managers reported a HEPS position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $74.5M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
HEPS in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- VR Advisory Services LtdAdded · +2,917,849 sh+$8.5M
- 683 Capital ManagementNew · +500,000 sh+$1.5M
- CITADEL ADVISORSNew · +69,840 sh+$203.2K
- MORGAN STANLEYAdded · +69,840 sh+$203.2K
- GSA CAPITAL PARTNERS LLPNew · +57,362 sh+$166.9K
Biggest sellers
- BlackRockSold out · -2,747,500 sh-$8.0M
- GAM Holding AGTrimmed · -200,000 sh-$582.0K
- GEODE CAPITAL MANAGEMENTTrimmed · -106,848 sh-$310.9K
- XTX Topco LtdSold out · -71,283 sh-$207.4K
- JANE STREET GROUPSold out · -61,029 sh-$177.6K
HEPS 13F holders ranked 1–32 of 32
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | VR Advisory Services Ltd#1 · 19,390,670 sh | 19,390,670 | $56.4M | 5.01% | +17.7% |
| 2 | STATE STREET#2 · 2,324,732 sh | 2,324,732 | $6.8M | <0.01% | -0.6% |
| 3 | BNP PARIBAS FINANCIAL MARKETS#3 · 838,216 sh | 838,216 | $2.4M | <0.01% | -3.8% |
| 4 | UBS Group AG#4 · 788,151 sh | 788,151 | $2.3M | <0.01% | -3.1% |
| 5 | MORGAN STANLEY#5 · 592,476 sh | 592,476 | $1.7M | <0.01% | +13.4% |
| 6 | 683 Capital Management#6 · 500,000 sh | 500,000 | $1.5M | 0.07% | New |
| 7 | Rangeley Capital#7 · 200,000 sh | 200,000 | $582.0K | 0.53% | 0.0% |
| 8 | NOMURA ASSET MANAGEMENT INTERNATIONAL#8 · 159,800 sh | 159,800 | $465.0K | <0.01% | 0.0% |
| 9 | GAM Holding AG#9 · 130,000 sh | 130,000 | $378.3K | 0.03% | -60.6% |
| 10 | Russell Investments Group, Ltd.#10 · 120,372 sh | 120,372 | $350.3K | <0.01% | -0.8% |
| 11 | CITADEL ADVISORS#11 · 69,840 sh | 69,840 | $203.2K | 0.00% | New |
| 12 | abrdn plc#12 · 68,535 sh | 68,535 | $199.4K | <0.01% | -7.6% |
| 13 | Schonfeld Strategic Advisors#13 · 68,025 sh | 68,025 | $197.9K | <0.01% | -1.4% |
| 14 | GEODE CAPITAL MANAGEMENT#14 · 66,663 sh | 66,663 | $194.0K | 0.00% | -61.6% |
| 15 | GSA CAPITAL PARTNERS LLP#15 · 57,362 sh | 57,362 | $167.0K | 0.01% | New |
| 16 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#16 · 33,941 sh | 33,941 | $98.8K | 0.00% | -30.4% |
| 17 | GAMMA Investing#17 · 31,339 sh | 31,339 | $91.2K | — | +0.5% |
| 18 | JBF Capital#18 · 30,949 sh | 30,949 | $90.1K | 0.01% | 0.0% |
| 19 | TWO SIGMA INVESTMENTS#19 · 29,612 sh | 29,612 | $86.2K | <0.01% | -25.5% |
| 20 | Capricorn Fund Managers Ltd#20 · 29,185 sh | 29,185 | $84.9K | <0.01% | 0.0% |
| 21 | AXQ CAPITAL#21 · 17,267 sh | 17,267 | $50.2K | <0.01% | New |
| 22 | NORTHERN#22 · 17,258 sh | 17,258 | $50.2K | 0.00% | +21.4% |
| 23 | RHUMBLINE ADVISERS#23 · 14,226 sh | 14,226 | $41.4K | 0.00% | +1.1% |
| 24 | FMR#24 · 14,040 sh | 14,040 | $40.9K | 0.00% | -32.5% |
| 25 | Vident Advisory#25 · 12,591 sh | 12,591 | $36.6K | <0.01% | -0.6% |
| 26 | SBI Securities , Ltd.#26 · 4,340 sh | 4,340 | $12.6K | — | -15.7% |
| 27 | BARCLAYS PLC#27 · 3,978 sh | 3,978 | $11.6K | 0.00% | New |
| 28 | SIMPLEX TRADING#28 · 1,138 sh | 1,138 | $3.3K | 0.00% | New |
| 29 | JONES FINANCIAL COMPANIES LLLP#29 · 200 sh | 200 | $580.00 | 0.00% | 0.0% |
| 30 | SRS Capital Advisors#30 · 63 sh | 63 | $183.00 | 0.00% | New |
| 31 | Caitong International Asset Management , Ltd#31 · 13 sh | 13 | $38.00 | 0.00% | +550.0% |
| 32 | Quarry#32 · 4 sh | 4 | $12.00 | 0.00% | New |
Funds that sold out of HEPS in Q2 2026 (6)
Held HEPS at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| BlackRock2,747,500 sh | 2,747,500 | $7.2M |
| XTX Topco Ltd71,283 sh | 71,283 | $186.8K |
| JANE STREET GROUP61,029 sh | 61,029 | $159.9K |
| IEQ CAPITAL10,284 sh | 10,284 | $26.9K |
| TWIN PEAKS WEALTH ADVISORS677 sh | 677 | $1.8K |
| Advisory Services Network42 sh | 42 | $110.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.