Latest Period
Q1 2026
Security Snapshot
D-MARKET Electronic Services & Trading - Ordinary Shares, nominal value TRY 0.20 per share (HEPS) Institutional Ownership
CUSIP: 23292B104
13F Institutional Holders and Ownership History from Q3 2021 to Q1 2026
Institutions Reporting
29
Shares (Excl. Options)
24,954,288
Price
$2.62
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- Security type / class
- Equity / Ordinary Shares, nominal value TRY 0.20 per share
- Symbol
- HEPS on Nasdaq
- All holders as of 31 Mar 2026
- Q1 2026
- Total 13F shares
- 24,954,288
- Total 13F value
- $65,380,550
- Portfolio coverage rank
- 0%
- Share change
- -4,964,853
- Value change
- -$12,398,799
- Number of holders
- 29
- Shares outstanding
- 357,240,523
- SEC-reported price per share
- $2.66
Latest holder snapshot
5 signals
Issuer context
Names, identifiers, and filing context for this profile.
2 identity fields
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors
Key facts
- HEPS - D-MARKET Electronic Services & Trading - Ordinary Shares, nominal value TRY 0.20 per share is tracked under CUSIP 23292B104.
- 29 institutions reported positions in Q1 2026.
- 3 significant owners is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 32 to 29 between Q4 2025 and Q1 2026.
- SEC-reported value moved from $75,324,589 to $65,380,550.
Research use
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Evidence
Source: SEC Form 13F
Open SEC evidence
Latest holder context comes from 29 institutions filings for Q1 2026.
Security key
23292B104
Latest holder period
Q1 2026
13F holders
29
13D/G owners
3
CIK / CUSIP context first
Open Q1 2026 holders
HEPS full holder history
D-MARKET Electronic Services & Trading SEC filings
D-MARKET Electronic Services & Trading company facts
D-MARKET Electronic Services & Trading insider transactions
Broader feeds
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 23292B104:
13D/G owners
Significant owners
Large-stake holder rows connected to Schedule 13D/G evidence.
Rows
3
Security
HEPS
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Joint Stock Co Kaspi.kz | 86% | +0.58% | $841,533,638 | +$4,877,524 | 306,012,232 | +0.58% | Joint Stock Company Kaspi.kz | 16 Mar 2026 |
| VR Advisory Services Ltd | 4.6% | $46,782,812 | 16,472,821 | VR Advisory Services Ltd | 31 Dec 2025 | |||
| VR Global Partners, L.P. | 5% | $37,509,790 | 16,168,013 | VR Global Partners, L.P. | 01 Dec 2025 |
As of 31 Mar 2026, 29 institutional investors reported holding 24,954,288 shares of D-MARKET Electronic Services & Trading - Ordinary Shares, nominal value TRY 0.20 per share (HEPS). This represents 7% of the company’s total 357,240,523 outstanding shares.
Quarter history
Institutional holders across reporting periods
Holder count, reported shares/value, and median price by quarter.
Periods
19
Latest
Q1 2026
Rows shown
1-19 of 19
| Period | 13F Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 24,954,288 | $65,380,550 | -$12,398,799 | $2.62 | 29 |
| 2025 Q4 | 30,366,022 | $75,324,589 | -$33,170,351 | $2.48 | 32 |
| 2025 Q3 | 42,348,571 | $113,918,818 | -$955,684 | $2.69 | 43 |
| 2025 Q2 | 42,793,265 | $115,541,731 | +$1,740,035 | $2.70 | 41 |
| 2025 Q1 | 42,116,585 | $120,031,711 | +$25,961,373 | $2.85 | 38 |
| 2024 Q4 | 32,907,298 | $99,714,232 | +$55,765,702 | $3.03 | 46 |
| 2024 Q3 | 13,834,642 | $31,247,547 | -$3,124,831 | $2.26 | 39 |
| 2024 Q2 | 15,281,594 | $33,767,049 | -$1,046,039 | $2.21 | 40 |
| 2024 Q1 | 15,786,962 | $23,683,067 | -$2,212,786 | $1.50 | 33 |
| 2023 Q4 | 17,232,853 | $31,009,093 | -$4,049,314 | $1.80 | 34 |
| 2023 Q3 | 19,544,265 | $25,993,301 | -$4,020,034 | $1.33 | 36 |
| 2023 Q2 | 22,287,725 | $37,444,089 | +$325,163 | $1.68 | 39 |
| 2023 Q1 | 22,075,575 | $29,579,925 | -$3,673,979 | $1.34 | 34 |
| 2022 Q4 | 25,974,540 | $16,874,913 | -$8,011,521 | $0.66 | 34 |
| 2022 Q3 | 37,831,923 | $36,551,101 | -$2,796,988 | $0.96 | 28 |
| 2022 Q2 | 41,146,577 | $25,457,498 | -$12,950,578 | $0.61 | 39 |
| 2022 Q1 | 52,235,908 | $118,806,769 | -$6,207,756 | $2.27 | 35 |
| 2021 Q4 | 55,239,483 | $105,419,240 | -$57,666,848 | $1.91 | 35 |
| 2021 Q3 | 60,466,137 | $414,422,456 | +$414,422,456 | $6.86 | 38 |