13F reference period
Q2 2026
Security Snapshot
Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO) Institutional Ownership
CUSIP: 98741T104
13F Institutional Holders and Ownership History from Q4 2019 to Q3 2026
Institutions Reporting
32
Shares (Excl. Options)
11.37M
Full value: 11,366,605 · shares · 30 Jun 2026Price
$12.30
The headline uses the Q2 2026 reference period after its reporting deadline. Available reports may still be incomplete or amended. Newer periods in the history table contain incoming reports and may be incomplete.
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- Security type / class
- Equity / American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001
- Symbol
- DAO on NYSE
- All holders as of 30 Jun 2026
- Q2 2026
- Total 13F shares
- 11,366,605
- Total 13F value
- $139,788,555
- Portfolio coverage rank
- 0%
- Share change
- -318,604
- Value change
- -$3,792,535
- Number of holders
- 32
- Shares outstanding
- 32,654,214
- SEC-reported price per share
- $17.55
Latest holder snapshot
5 signals
Issuer context
Names, identifiers, and filing context for this profile.
2 identity fields
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors
Filing notes and source
Key facts
- DAO - Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 is tracked under CUSIP 98741T104.
- 32 institutions reported positions in Q2 2026.
- 1 significant owner is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 33 to 32 between Q1 2026 and Q2 2026.
- SEC-reported value moved from to
$114.86M
Full value: $114,861,198 · USD · 31 Mar 2026.$139.79M
Full value: $139,788,555 · USD · 30 Jun 2026
Research use
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Evidence
Source: SEC Form 13F
Open SEC evidence
Latest holder context comes from 32 institutions filings for Q2 2026.
Security key
98741T104
13F reference period
Q2 2026
13F holders
32
13D/G owners
1
CIK / CUSIP context first
Open Q2 2026 holders
DAO full holder history
Youdao, Inc. SEC filings
Youdao, Inc. company facts
Youdao, Inc. insider transactions
Broader feeds
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 98741T104:
13D/G owners
Significant owners
Large-stake holder rows connected to Schedule 13D/G evidence.
Rows
1
Security
DAO
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD | 20% | -6.4% | $93,004,752 | -$2,482,967 | 6,563,497 | -2.6% | Orbis Investment Management Limited | 30 Jun 2026 |
As of 30 Jun 2026,
32
institutional investors reported holding
shares of
Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO).
This represents
35%
of the company’s total
outstanding shares.
11.37M
Full value: 11,366,605 · shares · 30 Jun 202632.65M
Full value: 32,654,214 · shares · Stored outstanding share count13F concentration
Top 25 institutional shareholders
Largest 13F positions for this security by reported shares and value.
Top holder share
35%
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Orbis Allan Gray Ltd | 20% | 6,563,497 | -2.6% | 0.28% | $80,731,013 |
| NetEase, Inc. | 8.9% | 2,898,293 | 0% | 4.7% | $35,649,004 |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.6% | 840,158 | +0.93% | 0% | $10,333,943 |
| ACADIAN ASSET MANAGEMENT LLC | 0.7% | 227,454 | -23% | 0% | $2,794,000 |
| VANGUARD FIDUCIARY TRUST CO | 0.65% | 211,666 | 0% | 0% | $2,603,492 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.65% | 211,199 | -6.6% | 0% | $2,597,748 |
| UBS Group AG | 0.2% | 65,644 | +19% | 0% | $807,422 |
| GSA CAPITAL PARTNERS LLP | 0.19% | 62,966 | -8.7% | 0.05% | $774,000 |
| CITADEL ADVISORS LLC | 0.18% | 59,247 | +17% | 0% | $728,738 |
| RENAISSANCE TECHNOLOGIES LLC | 0.18% | 58,600 | -7.7% | 0% | $720,780 |
| Qube Research & Technologies Ltd | 0.14% | 46,477 | -23% | 0% | $571,667 |
| California Public Employees Retirement System | 0.11% | 36,047 | -2.5% | 0% | $443,378 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 0.09% | 28,104 | -0.84% | 0% | $345,679 |
| Invesco Ltd. | 0.07% | 23,744 | -12% | 0% | $292,051 |
| Savant Capital, LLC | 0.04% | 13,572 | 0% | $150,432 | |
| MORGAN STANLEY | 0.02% | 6,883 | -69% | 0% | $84,661 |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.01% | 3,843 | 0% | 0% | $47,269 |
| Tower Research Capital LLC (TRC) | 0.01% | 2,957 | +241% | 0% | $36,371 |
| Compagnie Lombard Odier SCmA | 0.01% | 2,000 | 0% | 0% | $24,600 |
| RHUMBLINE ADVISERS | 0% | 1,219 | 0% | 0% | $14,993 |
| GROUP ONE TRADING LLC | 0% | 986 | -69% | 0% | $12,128 |
| Rockefeller Capital Management L.P. | 0% | 809 | 0% | $9,951 | |
| Smartleaf Asset Management LLC | 0% | 509 | 0% | 0% | $6,072 |
| ROYAL BANK OF CANADA | 0% | 230 | +15% | 0% | $3,000 |
| Quarry LP | 0% | 215 | 0% | $2,645 |
Quarter history
Institutional holders across reporting periods
Holder count, reported shares/value, and median price by quarter.
Periods
28
Headline period
Q2 2026
Rows shown
1-25 of 28
| Period | 13F Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q3 | 13,719 | $207,843 | +$54,864 | $15.15 | 4 |
| 2026 Q2 | 11,366,605 | $139,788,555 | -$3,792,535 | $12.30 | 32 |
| 2026 Q1 | 11,685,232 | $114,861,198 | -$2,647,781 | $9.83 | 33 |
| 2025 Q4 | 11,947,215 | $120,411,557 | -$5,130,776 | $10.08 | 31 |
| 2025 Q3 | 12,458,118 | $123,811,919 | -$1,207,298 | $9.94 | 33 |
| 2025 Q2 | 12,585,049 | $108,221,315 | -$7,622,597 | $8.60 | 29 |
| 2025 Q1 | 13,481,263 | $102,855,598 | -$3,889,651 | $7.63 | 30 |
| 2024 Q4 | 13,997,249 | $103,563,159 | -$2,249,893 | $7.40 | 30 |
| 2024 Q3 | 14,344,349 | $59,514,730 | -$1,951,990 | $4.15 | 29 |
| 2024 Q2 | 14,823,286 | $58,099,222 | -$3,985,807 | $3.92 | 34 |
| 2024 Q1 | 15,830,439 | $63,636,645 | -$4,561,334 | $4.02 | 32 |
| 2023 Q4 | 16,976,313 | $66,883,398 | -$4,708,478 | $3.94 | 35 |
| 2023 Q3 | 18,170,341 | $73,042,501 | -$6,083,649 | $4.02 | 34 |
| 2023 Q2 | 19,661,414 | $94,758,376 | -$8,447,408 | $4.82 | 41 |
| 2023 Q1 | 20,957,415 | $178,121,920 | -$5,567,699 | $8.50 | 43 |
| 2022 Q4 | 21,639,016 | $116,418,483 | -$9,037,454 | $5.38 | 40 |
| 2022 Q3 | 23,319,723 | $91,647,638 | -$3,072,105 | $3.93 | 24 |
| 2022 Q2 | 23,790,891 | $117,045,272 | -$12,055,203 | $4.92 | 38 |
| 2022 Q1 | 23,277,722 | $165,271,642 | -$11,428,349 | $7.10 | 35 |
| 2021 Q4 | 24,759,552 | $308,994,732 | +$15,682,933 | $12.48 | 34 |
| 2021 Q3 | 23,522,358 | $284,381,038 | -$18,381,597 | $12.09 | 38 |
| 2021 Q2 | 23,944,480 | $553,997,116 | +$49,286,393 | $23.09 | 39 |
| 2021 Q1 | 22,240,981 | $529,773,856 | +$152,547,394 | $23.82 | 50 |
| 2020 Q4 | 16,337,123 | $433,425,072 | +$24,493,297 | $26.53 | 41 |
| 2020 Q3 | 15,417,278 | $398,316,708 | +$48,471,264 | $25.84 | 40 |