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DAO

Youdao
DAO

53 hedge funds and large institutions have $530M invested in Youdao in 2021 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 8

100% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 10

22% more capital invested

Capital invested by funds: $434M → $530M (+$96.3M)

20% more funds holding

Funds holding: 44 → 53 (+9)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8.36% less ownership

Funds ownership: 72.2% → 63.85% (-8.4%)

64% less call options, than puts

Call options by funds: $2.03M | Put options by funds: $5.61M

Holders
53
Holders Change
+9
Holders Change %
+20.45%
% of All Funds
0.93%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
20
Reduced
8
Closed
10
Calls
$2.03M
Puts
$5.61M
Net Calls
-$3.58M
Net Calls Change
-$3.89M

Top Buyers

Rank Fund Capital Flow
1
OAG
Orbis Allan Gray
Bermuda
+$57.6M
2
UBS AM
UBS AM
Illinois
+$49.5M
3
CFM
Coronation Fund Managers
South Africa
+$36.4M
4
Invesco
Invesco
Georgia
+$28.5M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$13.2M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$10.4M
2
JP Morgan Chase
JP Morgan Chase
New York
-$4.03M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.41M
4
Goldman Sachs
Goldman Sachs
New York
-$3.4M
5
Millennium Management
Millennium Management
New York
-$2.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
Qube Research & Technologies (QRT)
26
Qube Research & Technologies (QRT)
United Kingdom
$700K +$543K +17,109 +139%
D.E. Shaw & Co
27
D.E. Shaw & Co
New York
$504K +$672K +21,162 New
Squarepoint
28
Squarepoint
New York
$437K +$582K +18,333 New
Vontobel Holding
29
Vontobel Holding
Switzerland
$364K +$168K +5,300 +53%
VF
30
Virtu Financial
New York
$360K +$480K +15,131 New
LP
31
LMR Partners
United Kingdom
$305K +$407K +12,810 New
TI
32
Trexquant Investment
Connecticut
$302K +$402K +12,674 New
PP
33
Paloma Partners
Connecticut
$296K +$394K +12,422 New
Jane Street
34
Jane Street
New York
$270K +$109K +3,423 +43%
BlackRock
35
BlackRock
New York
$262K +$349K +10,984 New
Canada Pension Plan Investment Board
36
Canada Pension Plan Investment Board
Ontario, Canada
$236K – – –
State Street
37
State Street
Massachusetts
$223K +$31.4K +990 +12%
LSA
38
Leonteq Securities AG
Switzerland
$213K -$18.7K -590 -6%
Simplex Trading
39
Simplex Trading
Illinois
$196K +$38.7K +1,218 +17%
Morgan Stanley
40
Morgan Stanley
New York
$133K -$10.4M -328,369 -98%
Group One Trading
41
Group One Trading
Illinois
$71K +$69K +2,174 +264%
Citigroup
42
Citigroup
New York
$65K +$86.8K +2,734 New
MS
43
Maven Securities
Jersey
$53K +$70.5K +2,222 New
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$48K +$57.1K +1,800 +900%
CLOS
45
Compagnie Lombard Odier SCmA
Switzerland
$48K +$63.5K +2,000 New
Daiwa Securities Group
46
Daiwa Securities Group
Japan
$47K +$63.2K +1,990 New
US Bancorp
47
US Bancorp
Minnesota
$29K +$13.2K +417 +51%
PHK
48
Point72 Hong Kong
Hong Kong
$6K – – –
Wells Fargo
49
Wells Fargo
California
$2K – – –
Bank of America
50
Bank of America
North Carolina
$2K +$317 +10 +16%
1
2
3

DAO Hedge Fund Activity: Q1 2021 in Review

53 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q1 2021, worth a combined $530M — up 22% from $434M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new DAO positions and 10 closed out — a net gain of 10 holders — while 20 added to existing stakes and 8 trimmed.

The largest buyer was Orbis Allan Gray, adding an estimated $57.6M. The largest seller was Morgan Stanley, cutting an estimated $10.4M.

  • 53 institutional investors held Youdao (DAO) as of Q1 2021, up from 44 in Q4 2020.
  • Funds reported $530M of Youdao stock for Q1 2021, up 22% quarter-over-quarter.
  • 20 funds opened new Youdao positions in Q1 2021 and 10 closed out, a net change of +10 holders.
  • The largest Youdao buyer in Q1 2021 was Orbis Allan Gray, an estimated $57.6M added.
  • The largest Youdao seller in Q1 2021 was Morgan Stanley, an estimated $10.4M sold.

Based on aggregated 13F filings for Q1 2021.