D-market Electronic Serv-adr (HEPS) Smart Money Holdings (13F, Q2 2026)

HEPS ranks #7244 out of 37501 tracked stocks by institutional interest, inside the more closely watched half of our coverage.

HEPS is a top-conviction position for VR Advisory Services Ltd — at 5.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

VR Advisory Services Ltd has added to its HEPS position for two straight quarters, increasing it by $15.6M to reach $56.4M today.

GAM Holding AG has trimmed its HEPS position for two straight quarters, cutting it by $737.7K while still holding $378.3K.

HEPS is up 0.4% today, and institutions have been net buyers of $10.0M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

HEPS reported a net loss of $5.7B in its latest fiscal year.

• Not yet profitable — net loss of $5.7B in the latest fiscal year
• Revenue grew 13.4% year over year
• Net income declined year over year, from -$2.1B to -$5.7B
• Generated $11.3B in positive operating cash flow
• Current ratio of 0.89x — below the conventional 1.5x liquidity buffer
• Liabilities run 0.52x equity — within a conventional range