Youdao
43 hedge funds and large institutions have $565M invested in Youdao in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 19 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7% more capital invested
Capital invested by funds: $530M → $565M (+$34.9M)
2.44% more ownership
Funds ownership: 63.85% → 66.28% (+2.4%)
19% less funds holding
Funds holding: 53 → 43 (-10)
53% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 19
61% less call options, than puts
Call options by funds: $1.54M | Put options by funds: $3.99M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$22.4M |
| 2 |
KFA
Krane Funds Advisors
New York
|
+$20M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$8.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.01M |
| 5 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$5.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.92M |
| 2 |
WIM
Waverton Investment Management
London,
United Kingdom
|
-$3.68M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$3.61M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$2.3M |
| 5 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$1.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
D.E. Shaw & Co
New York
| – | -$504K | -21,162 | Closed |
|
52
Vontobel Holding
Zurich,
Switzerland
| – | -$364K | -15,300 | Closed |
|
|
VF
53
Virtu Financial
New York
| – | -$360K | -15,131 | Closed |
|
|
LP
54
LMR Partners
London,
United Kingdom
| – | -$305K | -12,810 | Closed |
|
|
TI
55
Trexquant Investment
Stamford,
Connecticut
| – | -$302K | -12,674 | Closed |
|
|
PP
56
Paloma Partners
Greenwich,
Connecticut
| – | -$296K | -12,422 | Closed |
|
57
Jane Street
New York
| – | -$275K | -11,351 | Closed |
|
58
Simplex Trading
Chicago,
Illinois
| – | -$199K | -8,234 | Closed |
|
59
Group One Trading
Chicago,
Illinois
| – | -$72.5K | -2,997 | Closed |
|
|
MS
60
Maven Securities
St Helier,
Jersey
| – | -$53K | -2,222 | Closed |
|
61
Daiwa Securities Group
Tokyo,
Japan
| – | -$47K | -1,990 | Closed |
|
DAO Hedge Fund Activity: Q2 2021 in Review
43 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q2 2021, worth a combined $565M — up 6.6% from $530M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of DAO and 9 opened new positions — a net loss of 10 holders — while 7 trimmed existing stakes and 16 added.
The largest buyer was Orbis Allan Gray, adding an estimated $22.4M. The largest seller was Credit Suisse, cutting an estimated $3.92M.
- 43 institutional investors held Youdao (DAO) as of Q2 2021, down from 53 in Q1 2021.
- Funds reported $565M of Youdao stock for Q2 2021, up 6.6% quarter-over-quarter.
- 9 funds opened new Youdao positions in Q2 2021 and 19 closed out, a net change of -10 holders.
- The largest Youdao buyer in Q2 2021 was Orbis Allan Gray, an estimated $22.4M added.
- The largest Youdao seller in Q2 2021 was Credit Suisse, an estimated $3.92M sold.
Based on aggregated 13F filings for Q2 2021.