179 hedge funds and large institutions have $741M invested in Udemy in 2025 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 57 increasing their positions, 62 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

more ownership

Funds ownership:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

less funds holding

Funds holding:

less first-time investments, than exits

New positions opened: | Existing positions closed:

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

17% less capital invested

Capital invested by funds: $896M → $741M (-$155M)

37% less call options, than puts

Call options by funds: $480K | Put options by funds: $756K

Holders
179
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$480K
Puts
$756K
Net Calls
Net Calls Change

Top Buyers

1 +$22M
2 +$15.8M
3 +$10.1M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$7.2M
5
SFM
Soros Fund Management
New York
+$6.42M

Top Sellers

1 -$27.5M
2 -$16M
3 -$11.7M
4
Morgan Stanley
Morgan Stanley
New York
-$7.63M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$6.43M
Name Holding Trade Value Shares
Change
Change in
Stake
KC
76
Kryger Capital
United Kingdom
$585K
Legal & General Group
77
Legal & General Group
United Kingdom
$566K
SOW
78
State of Wyoming
Wyoming
$540K
California State Teachers Retirement System (CalSTRS)
79
California State Teachers Retirement System (CalSTRS)
California
$515K
URS
80
Utah Retirement Systems
Utah
$482K
Focus Partners Wealth
81
Focus Partners Wealth
Massachusetts
$471K
II
82
Inspire Investing
Idaho
$466K
Deutsche Bank
83
Deutsche Bank
Germany
$463K
State of Tennessee, Department of Treasury
84
State of Tennessee, Department of Treasury
Tennessee
$463K
IC
85
IEQ Capital
California
$414K
ProShare Advisors
86
ProShare Advisors
Maryland
$409K
SO
87
STRS Ohio
Ohio
$398K
Creative Planning
88
Creative Planning
Kansas
$389K
SG Americas Securities
89
SG Americas Securities
New York
$377K
T. Rowe Price Associates
90
T. Rowe Price Associates
Maryland
$327K
MIM
91
MetLife Investment Management
New Jersey
$311K
PCM
92
Polymer Capital Management
New York
$298K
SPS
93
Susquehanna Portfolio Strategies
Pennsylvania
$294K
Manulife (Manufacturers Life Insurance)
94
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$261K
Mirae Asset Global ETFs Holdings
95
Mirae Asset Global ETFs Holdings
Hong Kong
$260K
IIM
96
INTECH Investment Management
Florida
$236K
GC
97
Guggenheim Capital
Illinois
$224K
NW
98
NewEdge Wealth
Pennsylvania
$220K
Janus Henderson Group
99
Janus Henderson Group
United Kingdom
$210K
MCP
100
Mirador Capital Partners
California
$210K