Norges Bank’s Youdao DAO Stock Holding History

Norges Bank’s Portfolio DAO Stock Details DAO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-96,600	Closed	-$715K	–	1771
2024 Q4	$715K	Hold	96,600	–	–	﹤0.01%	1781
2024 Q3	$401K	Hold	96,600	–	–	﹤0.01%	1803
2024 Q2	$379K	Hold	96,600	–	–	﹤0.01%	1894
2024 Q1	$388K	Hold	96,600	–	–	﹤0.01%	1852
2023 Q4	$381K	Hold	96,600	–	–	﹤0.01%	1910
2023 Q3	$388K	Hold	96,600	–	–	﹤0.01%	1930
2023 Q2	$466K	Hold	96,600	–	–	﹤0.01%	1973
2023 Q1	$821K	Hold	96,600	–	–	﹤0.01%	2020
2022 Q4	$520K	Hold	96,600	–	–	﹤0.01%	2091
2022 Q3	$380K	Hold	96,600	–	–	﹤0.01%	2061
2022 Q2	$475K	Hold	96,600	–	–	﹤0.01%	2010
2022 Q1	$686K	Buy	+96,600	New	+$1.1M	﹤0.01%	2082
2021 Q2	–	Sell	-96,600	Closed	-$2.3M	–	2222
2021 Q1	$2.3M	Buy	96,600 +34,081	+55%	+$1.08M	﹤0.01%	1985
2020 Q4	$1.66M	Hold	62,519	–	–	﹤0.01%	1971
2020 Q3	$1.61M	Sell	62,519 -24,588	-28%	-$842K	﹤0.01%	1982
2020 Q2	$3.27M	Hold	87,107	–	–	﹤0.01%	1911
2020 Q1	$1.83M	Sell	87,107 -62,893	-42%	-$1.21M	﹤0.01%	1931
2019 Q4	$2.11M	Buy	+150,000	New	+$2.11M	﹤0.01%	1979

Other funds holding DAO

OAG

Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return

NetEase Inc Hangzhou, China $934M AUM 11.31% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

Walleye Capital New York $24B AUM 37.67% 1-Year Est. Return

Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $43.4B AUM 51.29% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Qube Research & Technologies (QRT) London, United Kingdom $89.9B AUM 20.22% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Vident Advisory Alpharetta, Georgia $11.7B AUM 37.32% 1-Year Est. Return

Norges Bank's DAO Position: Q1 2025 in Review

Norges Bank sold out of Youdao (DAO) in Q1 2025, closing a stake of 96,600 shares — an estimated $715K sold.

Norges Bank first reported a position in DAO in Q4 2019 and held it in 18 quarters. The position peaked at $3.27M in Q2 2020. 30 funds tracked by Wall St. Rank hold DAO as of Q1 2025.

Norges Bank reported no remaining Youdao position as of Q1 2025 after selling out during the quarter.
Norges Bank sold 96,600 Youdao shares in Q1 2025, an estimated $715K.
Norges Bank first reported a position in Youdao in Q4 2019 and held it in 18 quarters.
Norges Bank's Youdao position peaked at $3.27M in Q2 2020.
30 funds tracked by Wall St. Rank held Youdao as of Q1 2025.

Based on Norges Bank's 13F filing for Q1 2025, filed 13 May 2025.