Latest Period
Q1 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 Q1 2026
Institutions Reporting
33
Shares (Excl. Options)
11,685,232
Price
$9.83
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- Type / Class
- Equity / American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001
- Symbol
- DAO on NYSE
- Shares outstanding
- 31,342,902
- Price per share
- $11.50
- All holders as of 31 Mar 2026
- Q1 2026
- Total 13F shares
- 11,685,232
- Total reported value
- $114,861,198
- % of total 13F portfolios
- 0%
- Share change
- -268,772
- Value change
- -$2,641,976
- Number of holders
- 33
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
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.
- 33 institutions reported positions in Q1 2026.
- 1 significant owner is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 31 to 33 between Q4 2025 and Q1 2026.
- Reported value moved from $120,411,557 to $114,861,198.
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 33 institutions filings for Q1 2026.
Security key
98741T104
Latest holder period
Q1 2026
13F holders
33
13D/G owners
1
CIK / CUSIP context first
Open Q1 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:
Significant Owners of Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD | 22% | -3.2% | $64,489,589 | -$1,963,132 | 6,738,724 | -3% | Orbis Investment Management Limited | 31 Mar 2026 |
As of 31 Mar 2026, 33 institutional investors reported holding 11,685,232 shares of Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO). This represents 37% of the company’s total 31,342,902 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO) together control 37% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Orbis Allan Gray Ltd | 22% | 6,738,724 | -3% | 0.28% | $66,241,657 |
| NetEase, Inc. | 9.2% | 2,898,293 | 0% | 3% | $28,490,220 |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.7% | 832,430 | 0% | 0% | $8,182,787 |
| ACADIAN ASSET MANAGEMENT LLC | 0.94% | 295,624 | -32% | 0% | $2,901,000 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.72% | 226,008 | -7.2% | 0.01% | $2,221,659 |
| VANGUARD FIDUCIARY TRUST CO | 0.68% | 211,666 | 0% | 0% | $2,080,677 |
| GSA CAPITAL PARTNERS LLP | 0.22% | 68,942 | -5.7% | 0.04% | $678,000 |
| RENAISSANCE TECHNOLOGIES LLC | 0.2% | 63,500 | +2.4% | 0% | $624,205 |
| Qube Research & Technologies Ltd | 0.19% | 60,512 | +4.6% | 0% | $594,833 |
| UBS Group AG | 0.18% | 54,934 | +269% | 0% | $540,001 |
| CITADEL ADVISORS LLC | 0.16% | 50,639 | 0% | $497,781 | |
| MARSHALL WACE, LLP | 0.15% | 46,335 | +21% | 0% | $455,472 |
| California Public Employees Retirement System | 0.12% | 36,987 | -0.27% | 0% | $363,582 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 0.09% | 28,341 | -3.2% | 0% | $278,592 |
| Invesco Ltd. | 0.09% | 27,045 | -2.7% | 0% | $265,852 |
| MORGAN STANLEY | 0.07% | 22,174 | -5.8% | 0% | $217,970 |
| Vident Advisory, LLC | 0.03% | 10,069 | -6.7% | 0% | $98,978 |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.01% | 3,843 | 0% | 0% | $37,777 |
| GROUP ONE TRADING LLC | 0.01% | 3,162 | +2471% | 0% | $31,082 |
| Compagnie Lombard Odier SCmA | 0.01% | 2,000 | 0% | 0% | $19,660 |
| RHUMBLINE ADVISERS | 0% | 1,219 | +20% | 0% | $11,981 |
| EverSource Wealth Advisors, LLC | 0% | 912 | -0.11% | 0% | $8,965 |
| Tower Research Capital LLC (TRC) | 0% | 868 | +2793% | 0% | $8,532 |
| Smartleaf Asset Management LLC | 0% | 509 | 0% | 0% | $5,024 |
| ROYAL BANK OF CANADA | 0% | 200 | +108% | 0% | $2,000 |
Institutional Holders of Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 11,685,232 | $114,861,198 | -$2,641,976 | $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 |
| 2020 Q2 | 13,260,802 | $513,324,436 | +$111,835,374 | $37.50 | 41 |
| 2020 Q1 | 10,545,444 | $221,877,000 | +$184,653,079 | $21.04 | 13 |
| 2019 Q4 | 1,917,446 | $26,942,000 | +$26,942,000 | $14.08 | 10 |