Udemy
UDMY
UDMY was delisted on the 8th of May, 2026.
183 hedge funds and large institutions have $743M invested in Udemy in 2025 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 57 increasing their positions, 64 reducing their positions, and 46 closing their positions.
1.6% more ownership
Funds ownership: 85.16% → 86.76% (+1.6%)
4% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 46
4% less funds holding
Funds holding: 190 → 183 (-7)
11% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 64
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
17% less capital invested
Capital invested by funds: $898M → $743M (-$155M)
37% less call options, than puts
Call options by funds: $480K | Put options by funds: $756K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCO
MAK Capital One
New York
|
+$22M |
| 2 |
JGC
J. Goldman & Co
New York
|
+$15.8M |
| 3 |
WCM
Westerly Capital Management
San Francisco,
California
|
+$10.1M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$7.2M |
| 5 |
SFM
Soros Fund Management
New York
|
+$6.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Naspers
South Africa
|
-$27.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$16M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$11.7M |
| 4 |
Morgan Stanley
New York
|
-$7.63M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$6.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
BNP Paribas Asset Management
Paris,
France
| – | -$6K | -796 | Closed |
|
227
Comerica Bank
Dallas,
Texas
| – | -$1.68K | -239 | Closed |
|
|
MPWT
228
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$1.19K | -170 | Closed |
|
|
PFBT
229
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$562 | -80 | Closed |
|
UDMY Hedge Fund Activity: Q4 2025 in Review
183 of the 8,241 institutional investors tracked by Wall St. Rank reported a position in Udemy (UDMY) for Q4 2025, worth a combined $743M — down 17% from $898M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of UDMY and 44 opened new positions — a net loss of 2 holders — while 64 trimmed existing stakes and 57 added.
The largest buyer was MAK Capital One, opening a new position worth an estimated $22M. The largest seller was Naspers, exiting entirely with an estimated $27.5M sold.
- 183 institutional investors held Udemy (UDMY) as of Q4 2025, down from 190 in Q3 2025.
- Funds reported $743M of Udemy stock for Q4 2025, down 17% quarter-over-quarter.
- 44 funds opened new Udemy positions in Q4 2025 and 46 closed out, a net change of -2 holders.
- The largest Udemy buyer in Q4 2025 was MAK Capital One, an estimated $22M added.
- The largest Udemy seller in Q4 2025 was Naspers, an estimated $27.5M sold.
Based on aggregated 13F filings for Q4 2025.