Youdao
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$57.6M |
| 2 |
UBS AM
Chicago,
Illinois
|
+$49.5M |
| 3 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$36.4M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$28.5M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.4M |
| 2 |
JP Morgan Chase
New York
|
-$4.03M |
| 3 |
Renaissance Technologies
New York
|
-$3.41M |
| 4 |
Goldman Sachs
New York
|
-$3.4M |
| 5 |
Millennium Management
New York
|
-$2.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
51
Harbour Investments
Madison,
Wisconsin
| $1K | +$1.59K | +50 | New |
|
|
ED
52
Exane Derivatives
Paris,
France
| $310 | -$7.59K | -239 | -95% |
|
53
Voloridge Investment Management
Jupiter,
Florida
| – | -$744K | -28,037 | Closed |
|
|
GPC
54
Glen Point Capital
London,
United Kingdom
| – | -$451K | -17,000 | Closed |
|
|
PCM
55
Prelude Capital Management
New York
| – | -$287K | -10,808 | Closed |
|
|
BFM
56
Boothbay Fund Management
New York
| – | -$286K | -10,765 | Closed |
|
|
JF
57
Jump Financial
Chicago,
Illinois
| – | -$261K | -9,835 | Closed |
|
|
CG
58
Cutler Group
San Francisco,
California
| – | -$181K | -5,700 | Closed |
|
|
FC
59
FORA Capital
Miami,
Florida
| – | -$20K | -764 | Closed |
|
60
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7K | -250 | Closed |
|
|
ASN
61
Advisory Services Network
Atlanta,
Georgia
| – | -$3K | -100 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$3K | -100 | Closed |
|
63
Fidelity Investments
Boston,
Massachusetts
| – | -$127 | -4 | -80% |
|
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.