Youdao
44 hedge funds and large institutions have $434M invested in Youdao in 2020 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 6 increasing their positions, 15 reducing their positions, and 15 closing their positions.
73% more call options, than puts
Call options by funds: $732K | Put options by funds: $424K
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
9% more capital invested
Capital invested by funds: $397M → $434M (+$36.9M)
7% more funds holding
Funds holding: 41 → 44 (+3)
4.11% more ownership
Funds ownership: 68.1% → 72.2% (+4.1%)
60% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 15
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$34.1M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$24.5M |
| 3 |
Morgan Stanley
New York
|
+$8.82M |
| 4 |
Millennium Management
New York
|
+$2.25M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
-$10.9M |
| 2 |
KCMH
Keywise Capital Management (HK)
Hong Kong
|
-$5.89M |
| 3 |
FRI
FountainCap Research & Investment
Hong Kong,
China
|
-$5.59M |
| 4 |
JP Morgan Chase
New York
|
-$5.41M |
| 5 |
Renaissance Technologies
New York
|
-$4.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
51
Paloma Partners
Greenwich,
Connecticut
| – | -$290K | -11,242 | Closed |
|
52
Two Sigma Advisers
New York
| – | -$240K | -9,300 | Closed |
|
|
OMC
53
Oasis Management Company
Grand Cayman,
Cayman Islands
| – | -$155K | -6,000 | Closed |
|
|
FWM
54
Focused Wealth Management
Newburgh,
New York
| – | -$52K | -2,000 | Closed |
|
55
Daiwa Securities Group
Tokyo,
Japan
| – | -$46K | -1,785 | Closed |
|
56
BlackRock
New York
| – | -$25K | -961 | Closed |
|
|
QT
57
Quantbot Technologies
New York
| – | -$21K | -850 | Closed |
|
|
JIR
58
James Investment Research
Alpha,
Ohio
| – | -$19K | -735 | Closed |
|
59
Fidelity Investments
Boston,
Massachusetts
| – | -$418 | -15 | -75% |
|
DAO Hedge Fund Activity: Q4 2020 in Review
44 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q4 2020, worth a combined $434M — up 9.3% from $397M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new DAO positions and 15 closed out — a net gain of 3 holders — while 6 added to existing stakes and 15 trimmed.
The largest buyer was Coronation Fund Managers, adding an estimated $34.1M. The largest seller was Greenwoods Asset Management, cutting an estimated $10.9M.
- 44 institutional investors held Youdao (DAO) as of Q4 2020, up from 41 in Q3 2020.
- Funds reported $434M of Youdao stock for Q4 2020, up 9.3% quarter-over-quarter.
- 18 funds opened new Youdao positions in Q4 2020 and 15 closed out, a net change of +3 holders.
- The largest Youdao buyer in Q4 2020 was Coronation Fund Managers, an estimated $34.1M added.
- The largest Youdao seller in Q4 2020 was Greenwoods Asset Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q4 2020.