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
DFCM
101
Dark Forest Capital Management
Puerto Rico
$208K
BHCM
102
Brevan Howard Capital Management
Jersey
$203K
Two Sigma Advisers
103
Two Sigma Advisers
New York
$185K
Man Group
104
Man Group
United Kingdom
$181K
AI
105
Atom Investors
Texas
$180K
EWA
106
EP Wealth Advisors
California
$172K
SLAM
107
Swiss Life Asset Management
$170K
HCA
108
Harbor Capital Advisors
Illinois
$168K
Russell Investments Group
109
Russell Investments Group
United Kingdom
$165K
Carson Wealth (CWM LLC)
110
Carson Wealth (CWM LLC)
Nebraska
$161K
New York State Common Retirement Fund
111
New York State Common Retirement Fund
New York
$159K
Mercer Global Advisors
112
Mercer Global Advisors
Colorado
$158K
PFSRSONJ
113
Police & Firemen's Retirement System of New Jersey
New Jersey
$157K
PEAK6
114
PEAK6
Illinois
$155K
SPA
115
Sherbrooke Park Advisers
New York
$148K
Verition Fund Management
116
Verition Fund Management
Connecticut
$148K
Stifel Financial
117
Stifel Financial
Missouri
$145K
Mariner
118
Mariner
Kansas
$144K
SIP
119
Stoneridge Investment Partners
Pennsylvania
$144K
State Board of Administration of Florida Retirement System
120
State Board of Administration of Florida Retirement System
Florida
$144K
QT
121
Quantbot Technologies
New York
$142K
ASRS
122
Arizona State Retirement System
Arizona
$136K
CIP
123
Cornerstone Investment Partners
Georgia
$133K
A
124
AlphaQuest
New York
$126K
BNP Paribas Financial Markets
125
BNP Paribas Financial Markets
France
$125K