D-Market Electronic Services & (HEPS) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling HEPS?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for D-Market Electronic Services & , showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on HEPS?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for D-Market Electronic Services & .

Is institutional money flowing into HEPS?

21 institutional investors hold D-Market Electronic Services & (HEPS). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about HEPS?

Track institutional sentiment and conviction scores for D-Market Electronic Services & (HEPS) including Smart Money Verdict and position changes on HoldingsIntel.

D-Market Electronic Services &

HEPS·23292B104·US·adr·Consumer Cyclical - Internet Retail-Activist

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HEPS (D-Market Electronic Services & ) is held by 21 institutional investors as of Q4 2025. Largest holders: BlackRock, Inc. ($7.5M), STATE STREET CORP ($5.9M), UBS Group AG ($2.2M). Net institutional sentiment: Mixed.

Holders

Avg rating(2 Elite)

$22.4M

Total Value

37% (29)

Fund Consensus

10 buying - 17 selling

Smart Money VerdictView all

47Weak MomentumSplit Signals

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See how HEPS's score breaks down across 4 SEC sources

Held by 21 funds

2 elite

Who's Trading

ActivistJoint Stock Company Kaspi.kz85.7%Mar 18, 2026

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
BlackRock, Inc.	Decreased	3M	$7.5M	0.0%	-8.62%	0
STATE STREET CORP	Increased	2.4M(+190.4%)	$5.9M	0.0%	+15.19%	44
UBS Group AG	Increased	892,087(+29.0%)	$2.2M	0.0%	-1.65%	33
BNP PARIBAS FINANCIAL MARKETS	Increased	868,632(+0.2%)	$2.2M	0.0%	-15.19%	26
MORGAN STANLEY	Decreased	838,360(-24.9%)	$2.1M	0.0%	-1.40%	0
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	New	188,004	$465,587	0.0%	+6.83%	33
Russell Investments Group, Ltd.	Decreased	157,458(-0.0%)	$390,495	0.0%	+211.55%	0
GEODE CAPITAL MANAGEMENT, LLC	Increased	155,287(+19.2%)	$385,111	0.0%	+13.02%	19
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Decreased	136,461(-12.5%)	$338,423	0.0%	-7.96%	0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	80,338(+32.8%)	$216,913	0.0%	-2.06%	29
Aberdeen Group plc	New	77,099	$191,206	0.0%	+6.83%	31
MILLENNIUM MANAGEMENT LLC	New	75,480	$187,190	0.0%	+6.83%	31
Schonfeld Strategic Advisors LLC	Unchanged	69,000	$171,119	0.0%	-8.74%	0
TWO SIGMA ADVISERS, LP	Decreased	22,600(-0.4%)	$56,048	0.0%	+40.30%	0
TWO SIGMA INVESTMENTS, LP	Decreased	17,938(-15.9%)	$44,486	0.0%	-1.31%	0
RHUMBLINE ADVISERS	Decreased	14,066(-7.2%)	$34,880	0.0%	+29.20%	0
FMR LLC	Decreased	13,188(-36.0%)	$32,706	0.0%	-2.51%	0
Vident Advisory, LLC	Decreased	12,669(-11.5%)	$31,419	0.0%	+100.00%	0
NORTHERN TRUST CORP	Increased	12,311(+15.8%)	$30,532	0.0%	-3.24%	15
JONES FINANCIAL COMPANIES LLLP	Unchanged	200	$496	0.0%	-4.66%	0
BANK OF AMERICA CORP /DE/	New	65	$161	0.0%	+6.83%	17
MACQUARIE GROUP LTD	Exited	0(-100.0%)	$495,000	0.0%	-61.46%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Exited	0(-100.0%)	$41,916	0.0%	-10.75%	0
GOLDMAN SACHS GROUP INC	Exited	0(-100.0%)	$87,395	0.0%	-10.75%	0
Marex Group plc	Exited	0(-100.0%)	$2M	0.0%	-10.75%	0
NewEdge Advisors, LLC	Exited	0(-100.0%)	$101,378	0.0%	-11.89%	0
SIMPLEX TRADING, LLC	Exited	0(-100.0%)	$15	0.0%	-10.58%	0
RENAISSANCE TECHNOLOGIES LLC	Exited	0(-100.0%)	$317,926	0.0%	+47.81%	0
IEQ CAPITAL, LLC	Exited	0(-100.0%)	$30,596	0.0%	-10.75%	0

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