Youdao
39 hedge funds and large institutions have $284M invested in Youdao in 2021 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 11 closing their positions.
47% more call options, than puts
Call options by funds: $2.01M | Put options by funds: $1.37M
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
2.43% less ownership
Funds ownership: 66.28% → 63.85% (-2.4%)
9% less funds holding
Funds holding: 43 → 39 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
50% less capital invested
Capital invested by funds: $565M → $284M (-$281M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$15.5M |
| 2 |
KFA
Krane Funds Advisors
New York
|
+$10.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.19M |
| 4 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
+$4.71M |
| 5 |
Millennium Management
New York
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$28.7M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$12.5M |
| 3 |
TLA
Tree Line Advisors
Central,
Hong Kong
|
-$10.7M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$10.5M |
| 5 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
-$4.74M |
DAO Hedge Fund Activity: Q3 2021 in Review
39 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q3 2021, worth a combined $284M — down 50% from $565M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of DAO and 8 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Orbis Allan Gray, adding an estimated $15.5M. The largest seller was Sylebra Capital (HK), exiting entirely with an estimated $28.7M sold.
- 39 institutional investors held Youdao (DAO) as of Q3 2021, down from 43 in Q2 2021.
- Funds reported $284M of Youdao stock for Q3 2021, down 50% quarter-over-quarter.
- 8 funds opened new Youdao positions in Q3 2021 and 11 closed out, a net change of -3 holders.
- The largest Youdao buyer in Q3 2021 was Orbis Allan Gray, an estimated $15.5M added.
- The largest Youdao seller in Q3 2021 was Sylebra Capital (HK), an estimated $28.7M sold.
Based on aggregated 13F filings for Q3 2021.