Youdao
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$38.8M |
| 2 |
TLA
Tree Line Advisors
Central,
Hong Kong
|
+$17.8M |
| 3 |
Goldman Sachs
New York
|
+$10.1M |
| 4 |
JP Morgan Chase
New York
|
+$9.01M |
| 5 |
FRI
FountainCap Research & Investment
Hong Kong,
China
|
+$7.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFA
Krane Funds Advisors
New York
|
-$7.44M |
| 2 |
BC
BIT Capital
Berlin,
Germany
|
-$7.31M |
| 3 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
-$4.62M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$2.08M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$1.97M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QC
51
Quadrature Capital
London,
United Kingdom
| – | -$353K | -9,402 | Closed |
|
52
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$332K | -8,842 | Closed |
|
|
ECM
53
ExodusPoint Capital Management
New York
| – | -$301K | -8,017 | Closed |
|
|
WCM
54
Weld Capital Management
New York
| – | -$252K | -6,730 | Closed |
|
|
CCA
55
Catalyst Capital Advisors
Huntington,
New York
| – | -$135K | -3,600 | Closed |
|
56
Acadian Asset Management
Boston,
Massachusetts
| – | -$73K | -1,955 | Closed |
|
57
Russell Investments Group
London,
United Kingdom
| – | -$72K | -1,955 | Closed |
|
58
Citigroup
New York
| – | -$46K | -1,231 | Closed |
|
|
PHK
59
Point72 Hong Kong
Hong Kong
| – | -$10K | -269 | Closed |
|
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.