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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
OAG
1
Orbis Allan Gray
Bermuda
$288M +$57.6M +1,813,266 +18%
CFM
2
Coronation Fund Managers
South Africa
$59.3M +$36.4M +1,146,673 +85%
UBS AM
3
UBS AM
Illinois
$37.2M +$49.5M +1,560,025 New
SCH
4
Sylebra Capital (HK)
Hong Kong
$31.3M +$4.48M +141,199 +12%
CS
5
Credit Suisse
Switzerland
$28.6M +$3.01M +94,664 +9%
Invesco
6
Invesco
Georgia
$21.4M +$28.5M +898,493 New
TLA
7
Tree Line Advisors
Hong Kong
$11.1M – – –
Vanguard Group
8
Vanguard Group
Pennsylvania
$9.9M +$13.2M +415,737 New
TAA
9
TB Alternative Assets
Cayman Islands
$4.69M +$6.25M +196,800 New
WIM
10
Waverton Investment Management
United Kingdom
$3.68M +$4.91M +154,618 New
AllianceBernstein
11
AllianceBernstein
Tennessee
$3.61M +$4.82M +151,678 New
DAM
12
Deltec Asset Management
New York
$3.04M +$4.05M +127,500 New
JP Morgan Chase
13
JP Morgan Chase
New York
$2.84M -$4.03M -126,909 -52%
Goldman Sachs
14
Goldman Sachs
New York
$2.64M -$3.4M -107,013 -49%
Deutsche Bank
15
Deutsche Bank
Germany
$2.46M +$3.15M +99,159 +2,354%
Norges Bank
16
Norges Bank
Norway
$2.3M +$1.08M +34,081 +55%
CSS
17
Cubist Systematic Strategies
Connecticut
$1.99M +$2.36M +74,218 +783%
JG
18
Jefferies Group
New York
$1.92M – – –
Renaissance Technologies
19
Renaissance Technologies
New York
$1.65M -$3.41M -107,518 -61%
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
$1.5M +$1.32M +41,730 +197%
Citadel Advisors
21
Citadel Advisors
Florida
$1.45M +$675K +21,255 +54%
ECM
22
ExodusPoint Capital Management
New York
$1.42M +$1.64M +51,786 +660%
Millennium Management
23
Millennium Management
New York
$1.2M -$2.81M -88,466 -64%
UBS Group
24
UBS Group
Switzerland
$1.15M +$1.49M +47,073 +4,557%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$781K +$1.04M +32,799 New
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.