Youdao
34 hedge funds and large institutions have $73M invested in Youdao in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 10 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
3.96% less ownership
Funds ownership: 52.18% → 48.22% (-4%)
11% less call options, than puts
Call options by funds: $66K | Put options by funds: $74K
19% less funds holding
Funds holding: 42 → 34 (-8)
23% less capital invested
Capital invested by funds: $94.8M → $73M (-$21.7M)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$589K |
| 2 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$274K |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$250K |
| 4 |
Morgan Stanley
New York
|
+$143K |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
+$76.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$6.59M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$595K |
| 3 |
Goldman Sachs
New York
|
-$158K |
| 4 |
YIH
Y-Intercept (HK)
Hong Kong
|
-$140K |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$89.2K |
DAO Hedge Fund Activity: Q3 2023 in Review
34 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q3 2023, worth a combined $73M — down 23% from $94.8M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DAO and 2 opened new positions — a net loss of 8 holders — while 7 trimmed existing stakes and 17 added.
The largest buyer was GSA Capital Partners, adding an estimated $589K. The largest seller was Orbis Allan Gray, cutting an estimated $6.59M.
- 34 institutional investors held Youdao (DAO) as of Q3 2023, down from 42 in Q2 2023.
- Funds reported $73M of Youdao stock for Q3 2023, down 23% quarter-over-quarter.
- 2 funds opened new Youdao positions in Q3 2023 and 10 closed out, a net change of -8 holders.
- The largest Youdao buyer in Q3 2023 was GSA Capital Partners, an estimated $589K added.
- The largest Youdao seller in Q3 2023 was Orbis Allan Gray, an estimated $6.59M sold.
Based on aggregated 13F filings for Q3 2023.