D-MARKET Electronic Services & Trading - Ordinary shares, nominal value TRY 0.20 per share (HEPS) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2021 to Q4 2025

Type / Class
Equity / Ordinary shares, nominal value TRY 0.20 per share
Symbol
HEPS on Nasdaq
Shares outstanding
358,104,804
Price per share
$2.83
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
30,366,022
Total reported value
$75,324,589
% of total 13F portfolios
0%
Share change
-12,147,690
Value change
-$33,170,351
Number of holders
32
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of D-MARKET Electronic Services & Trading - Ordinary shares, nominal value TRY 0.20 per share (HEPS) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Joint Stock Co Kaspi.kz 85% +12% $754,511,696 +$81,556,501 304,238,587 +12% Joint Stock Company Kaspi.kz 05 Jan 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 Dec 2025, 32 institutional investors reported holding 30,366,022 shares of D-MARKET Electronic Services & Trading - Ordinary shares, nominal value TRY 0.20 per share (HEPS). This represents 8.5% of the company’s total 358,104,804 outstanding shares.

Institutional Holders of D-MARKET Electronic Services & Trading - Ordinary shares, nominal value TRY 0.20 per share (HEPS) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
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