HEPS · D-MARKET Electronic Services & Trading · Shareholders & Ownership
Market Cap
$1.18B
Shares
428.65M
Volume · Oct 22
41.75K
Avg daily vol (3M)
305.69K
Every disclosed holder of HEPS in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.
Who Owns HEPS
13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positionsNo chart: shares outstanding cannot be set against these holders.
| Holder group | Shares | % Out |
|---|---|---|
| Institutional (13F) | 25,604,952 | — |
| Insiders (Forms 3, 4, 5) | 0 | — |
| 13D/G-only blocks | 417,009,960 | — |
| Registered funds (N-PORT, not summed) | 1,180,754 | — |
% Out is unavailable: a foreign private issuer reports ordinary shares, a different unit from the listed shares.
Insiders are listed but not summed: the issuer has more than one class of common stock and Forms 3, 4 and 5 report one issuer-wide balance across them.
13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.
Holders of HEPS
| # | Holder | Shares | As of | Notes |
|---|---|---|---|---|
| 1 |
Joint Stock Company Kaspi.kz
13D
CIK 1985487 · Unknown · Sep 14, 2026
Item 4 purpose: none of the classified purposes
|
400,841,947 | ||
| 2 |
VR Advisory Services Ltd
13F
CIK 1348145 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
19,390,670 | ||
| 3 |
VR Global Partners, L.P.
13G
CIK 1508563 · Unknown · Dec 1, 2025
Rule 13d-1(b), qualified institution
|
16,168,013 | ||
| 4 |
|
2,324,732 | ||
| 4.1 |
State Street(R) SPDR(R) Portfolio Emerging Markets ETF
Fund
S000014048 · Registered fund · Jun 30, 2026
SPDR INDEX SHARES FUNDS, not summed
|
752,857 | ||
| 4.2 |
State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF
Fund
S000021247 · Registered fund · Jun 30, 2026
SPDR INDEX SHARES FUNDS, not summed
|
115,975 | ||
| 5 |
BNP PARIBAS ARBITRAGE, SA
13F
CIK 1166588 · Non-US institution · Jun 30, 2026
carried, not yet filed for the newest quarter
|
838,216 | ||
| 6 |
|
788,151 | ||
| 7 |
MORGAN STANLEY
13F
CIK 895421 · Holding company · Jun 30, 2026
carried, not yet filed for the newest quarter
|
592,476 | ||
| 8 |
683 Capital Management, LLC
13F
CIK 1404574 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
500,000 | ||
| 9 |
Rangeley Capital, LLC
13F
CIK 1517796 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
200,000 | ||
| 10 |
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.
13F
CIK 921739 · Investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
159,800 | ||
| 10.1 |
Nomura Emerging Markets Fund
Fund
S000003916 · Registered fund · May 29, 2026
Delaware Group Global & International Funds, not summed
|
144,600 | ||
| 10.2 |
Nomura VIP Emerging Markets Series
Fund
S000002482 · Registered fund · Jun 30, 2026
Delaware VIP Trust, not summed
|
15,200 | ||
| 11 |
GAM Holding AG
13F
CIK 1438848 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
130,000 | ||
| 12 |
Russell Investments Group, Ltd.
13F
CIK 1692234 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
120,372 | ||
| 13 |
Parametric Tax-Managed Emerging Markets Fund
Fund
S000002405 · Registered fund · Jun 30, 2026
Eaton Vance Series Trust II, not summed
|
70,159 | ||
| 14 |
CITADEL ADVISORS LLC
13F
CIK 1423053 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
69,840 | ||
| 15 |
Aberdeen Group plc
13F
CIK 1716774 · Holding company · Jun 30, 2026
carried, not yet filed for the newest quarter
|
68,535 | ||
| 16 |
Schonfeld Strategic Advisors LLC
13F
CIK 1665241 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
68,025 | ||
| 17 |
GEODE CAPITAL MANAGEMENT, LLC
13F
CIK 1214717 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
66,663 | ||
| 18 |
GSA CAPITAL PARTNERS LLP
13F
CIK 1362033 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
57,362 | ||
| 19 |
SUSQUEHANNA INTERNATIONAL GROUP, LLP
13F
CIK 1446194 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
33,941 | ||
| 20 |
JBF Capital, Inc.
13F
CIK 1483864 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
30,949 | ||
| 21 |
TWO SIGMA INVESTMENTS, LP
13F
CIK 1179392 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
29,612 | ||
| 22 |
Capricorn Fund Managers Ltd
13F
CIK 1901361 · Exempt reporting adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
29,185 | ||
| 23 |
GAMMA Investing LLC
13F
CIK 2010235 · Registered investment adviser · Sep 30, 2026
|
20,992 | ||
| 24 |
AXQ CAPITAL, LP
13F
CIK 1916908 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
17,267 | ||
| 25 |
NORTHERN TRUST CORP
13F
CIK 73124 · Bank · Jun 30, 2026
carried, not yet filed for the newest quarter
|
17,258 | ||
| 26 |
Parametric Emerging Markets Fund
Fund
S000012701 · Registered fund · Jul 31, 2026
Eaton Vance Mutual Funds Trust, not summed
|
15,300 | ||
| 27 |
RHUMBLINE ADVISERS
13F
CIK 1115418 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
14,226 | ||
| 28 |
FMR LLC
13F
CIK 315066 · Holding company · Jun 30, 2026
carried, not yet filed for the newest quarter
|
14,040 | ||
| 28.1 |
Fidelity Nasdaq Composite Index Fund
Fund
S000055366 · Registered fund · May 31, 2026
Fidelity Concord Street Trust, not summed
|
66,663 | ||
| 29 |
Vident Advisory, LLC
13F
CIK 1744347 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
12,591 | ||
| 30 |
SBI Securities Co., Ltd.
13F
CIK 1851815 · Non-US institution · Jun 30, 2026
carried, not yet filed for the newest quarter
|
4,340 | ||
| 31 |
|
3,978 | ||
| 32 |
SIMPLEX TRADING, LLC
13F
CIK 1488542 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
1,138 | ||
| 33 |
JONES FINANCIAL COMPANIES LLLP
13F
CIK 815917 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
200 | ||
| 34 |
NISA INVESTMENT ADVISORS, LLC
13F
CIK 937615 · Registered investment adviser · Sep 30, 2026
|
161 | ||
| 35 |
Farther Finance Advisors, LLC
13F
CIK 1992825 · Registered investment adviser · Sep 30, 2026
|
152 | ||
| 36 |
Arax Advisory Partners
13F
CIK 1586767 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
63 | ||
| 37 |
Caitong International Asset Management Co., Ltd
13F
CIK 1963355 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
13 | ||
| 38 |
|
4 |
Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.