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DAO

Youdao
DAO

41 hedge funds and large institutions have $397M invested in Youdao in 2020 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

9.53% more ownership

Funds ownership: 58.57% → 68.1% (+9.5%)

6% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 18

0% more funds holding

Funds holding: 41 → 41 (0)

10% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 10

22% less capital invested

Capital invested by funds: $510M → $397M (-$113M)

Holders
41
Holders Change
–
Holders Change %
0%
% of All Funds
0.83%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.06%
New
19
Increased
9
Reduced
10
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OAG
Orbis Allan Gray
Bermuda
+$38.8M
2
TLA
Tree Line Advisors
Hong Kong
+$17.8M
3
Goldman Sachs
Goldman Sachs
New York
+$10.1M
4
JP Morgan Chase
JP Morgan Chase
New York
+$9.01M
5
FRI
FountainCap Research & Investment
China
+$7.41M

Top Sellers

Rank Fund Capital Flow
1
KFA
Krane Funds Advisors
New York
-$7.44M
2
BC
BIT Capital
Germany
-$7.31M
3
GAM
Greenwoods Asset Management
Cayman Islands
-$4.62M
4
Nomura Holdings
Nomura Holdings
Japan
-$2.08M
5
Marshall Wace
Marshall Wace
United Kingdom
-$1.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$240K +$319K +9,300 New
OMC
27
Oasis Management Company
Cayman Islands
$155K – – –
UBS Group
28
UBS Group
Switzerland
$106K -$1.6M -46,727 -92%
TRCT
29
Tower Research Capital (TRC)
New York
$91K +$120K +3,505 New
FWM
30
Focused Wealth Management
New York
$52K +$68.5K +2,000 New
Daiwa Securities Group
31
Daiwa Securities Group
Japan
$46K +$61.1K +1,785 New
Bank of America
32
Bank of America
North Carolina
$27K +$36.9K +1,077 New
BlackRock
33
BlackRock
New York
$25K -$399K -11,661 -92%
US Bancorp
34
US Bancorp
Minnesota
$21K +$27.8K +812 New
QT
35
Quantbot Technologies
New York
$21K +$29.1K +850 New
JIR
36
James Investment Research
Ohio
$19K +$25.2K +735 New
Deutsche Bank
37
Deutsche Bank
Germany
$8K +$10.3K +300 New
ASN
38
Advisory Services Network
Georgia
$3K +$3.42K +100 New
Wells Fargo
39
Wells Fargo
California
$2K -$2.29K -67 -50%
Millennium Management
40
Millennium Management
New York
$1.5K -$1.05M -30,702 -35%
Fidelity Investments
41
Fidelity Investments
Massachusetts
$1K +$685 +20 New
KFA
42
Krane Funds Advisors
New York
– -$7.44M -198,281 Closed
BC
43
BIT Capital
Germany
– -$7.31M -195,000 Closed
Nomura Holdings
44
Nomura Holdings
Japan
– -$2.08M -55,723 Closed
Marshall Wace
45
Marshall Wace
United Kingdom
– -$1.97M -52,520 Closed
CSS
46
Cubist Systematic Strategies
Connecticut
– -$973K -25,957 Closed
VF
47
Virtu Financial
New York
– -$810K -21,596 Closed
Citadel Advisors
48
Citadel Advisors
Florida
– -$735K -19,609 Closed
Point72 Asset Management
49
Point72 Asset Management
Connecticut
– -$581K -15,500 Closed
MWNA
50
Marshall Wace North America
New York
– -$521K -13,888 Closed
1
2
3

DAO Hedge Fund Activity: Q3 2020 in Review

41 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q3 2020, worth a combined $397M — down 22% from $510M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new DAO positions and 18 closed out — a net gain of 1 holder — while 9 added to existing stakes and 10 trimmed.

The largest buyer was Orbis Allan Gray, adding an estimated $38.8M. The largest seller was Krane Funds Advisors, exiting entirely with an estimated $7.44M sold.

  • 41 institutional investors held Youdao (DAO) as of Q3 2020, unchanged from Q2 2020.
  • Funds reported $397M of Youdao stock for Q3 2020, down 22% quarter-over-quarter.
  • 19 funds opened new Youdao positions in Q3 2020 and 18 closed out, a net change of +1 holder.
  • The largest Youdao buyer in Q3 2020 was Orbis Allan Gray, an estimated $38.8M added.
  • The largest Youdao seller in Q3 2020 was Krane Funds Advisors, an estimated $7.44M sold.

Based on aggregated 13F filings for Q3 2020.