Youdao
33 hedge funds and large institutions have $63.6M invested in Youdao in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 11 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.21% less ownership
Funds ownership: 45.22% → 42.01% (-3.2%)
5% less capital invested
Capital invested by funds: $67.1M → $63.6M (-$3.49M)
6% less funds holding
Funds holding: 35 → 33 (-2)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$356K |
| 2 |
Jane Street
New York
|
+$275K |
| 3 |
HF
HRT Financial
New York
|
+$152K |
| 4 |
Goldman Sachs
New York
|
+$150K |
| 5 |
VA
Vident Advisory
Alpharetta,
Georgia
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.07M |
| 2 |
State Street
Boston,
Massachusetts
|
-$899K |
| 3 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$497K |
| 4 |
Morgan Stanley
New York
|
-$262K |
| 5 |
SPM
Symmetry Peak Management
Radnor,
Pennsylvania
|
-$207K |
DAO Hedge Fund Activity: Q1 2024 in Review
33 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Youdao (DAO) for Q1 2024, worth a combined $63.6M — down 5.2% from $67.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of DAO and 9 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 6 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $356K. The largest seller was BlackRock, exiting entirely with an estimated $3.07M sold.
- 33 institutional investors held Youdao (DAO) as of Q1 2024, down from 35 in Q4 2023.
- Funds reported $63.6M of Youdao stock for Q1 2024, down 5.2% quarter-over-quarter.
- 9 funds opened new Youdao positions in Q1 2024 and 11 closed out, a net change of -2 holders.
- The largest Youdao buyer in Q1 2024 was Millennium Management, an estimated $356K added.
- The largest Youdao seller in Q1 2024 was BlackRock, an estimated $3.07M sold.
Based on aggregated 13F filings for Q1 2024.