Youdao
35 hedge funds and large institutions have $66.9M invested in Youdao in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 15 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
16% more call options, than puts
Call options by funds: $36K | Put options by funds: $31K
3% more funds holding
Funds holding: 34 → 35 (+1)
3.17% less ownership
Funds ownership: 48.22% → 45.05% (-3.2%)
8% less capital invested
Capital invested by funds: $73M → $66.9M (-$6.16M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
67% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$113K |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$61.3K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$55.1K |
| 4 |
Morgan Stanley
New York
|
+$19.6K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$8.73K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$3.99M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$283K |
| 3 |
SPM
Symmetry Peak Management
Radnor,
Pennsylvania
|
-$222K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$197K |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$95.3K |
DAO Hedge Fund Activity: Q4 2023 in Review
35 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q4 2023, worth a combined $66.9M — down 8.4% from $73M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new DAO positions and 3 closed out — a net gain of 1 holder — while 5 added to existing stakes and 15 trimmed.
The largest buyer was Old Mission Capital, opening a new position worth an estimated $113K. The largest seller was Orbis Allan Gray, cutting an estimated $3.99M.
- 35 institutional investors held Youdao (DAO) as of Q4 2023, up from 34 in Q3 2023.
- Funds reported $66.9M of Youdao stock for Q4 2023, down 8.4% quarter-over-quarter.
- 4 funds opened new Youdao positions in Q4 2023 and 3 closed out, a net change of +1 holder.
- The largest Youdao buyer in Q4 2023 was Old Mission Capital, an estimated $113K added.
- The largest Youdao seller in Q4 2023 was Orbis Allan Gray, an estimated $3.99M sold.
Based on aggregated 13F filings for Q4 2023.