Latest Period
Q4 2025
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
31
Shares (Excl. Options)
11,947,215
Price
$10.08
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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
- 31,278,640
- Price per share
- $9.83
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 11,947,215
- Total reported value
- $120,411,557
- % of total 13F portfolios
- 0%
- Share change
- -510,999
- Value change
- -$5,130,776
- Number of holders
- 31
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- DAO - Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 is tracked under CUSIP 98741T104.
- 31 institutions reported positions in Q4 2025.
- 1 significant owner is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 31 to 4 between Q4 2025 and Q1 2026.
- Reported value moved from $120,411,557 to $20,889.
Why This Matters
- 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.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 31 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 98741T104?
CUSIP 98741T104 identifies DAO - Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
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% | -4.8% | $84,576,190 | -$4,111,359 | 6,943,858 | -4.6% | Orbis Investment Management Limited | 31 Dec 2025 |
As of 31 Dec 2025, 31 institutional investors reported holding 11,947,215 shares of Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO). This represents 38% of the company’s total 31,278,640 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 38% 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% | 6,943,858 | -4.6% | 0.29% | $69,994,089 |
| NetEase, Inc. | 9.3% | 2,898,293 | 0% | 6.8% | $29,214,793 |
| VANGUARD GROUP INC | 3.3% | 1,040,574 | +2.7% | 0% | $10,488,985 |
| ACADIAN ASSET MANAGEMENT LLC | 1.4% | 431,966 | -16% | 0.01% | $4,338,000 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.78% | 243,446 | -3.7% | 0.01% | $2,453,936 |
| GSA CAPITAL PARTNERS LLP | 0.23% | 73,111 | +261% | 0.06% | $737,000 |
| RENAISSANCE TECHNOLOGIES LLC | 0.2% | 62,000 | -9.8% | 0% | $624,960 |
| Qube Research & Technologies Ltd | 0.18% | 57,838 | -41% | 0% | $583,007 |
| MARSHALL WACE, LLP | 0.12% | 38,387 | -2.6% | 0% | $386,941 |
| California Public Employees Retirement System | 0.12% | 37,087 | -0.6% | 0% | $373,837 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 0.09% | 29,286 | 0% | 0% | $295,203 |
| Invesco Ltd. | 0.09% | 27,797 | -4.1% | 0% | $280,194 |
| MORGAN STANLEY | 0.08% | 23,546 | +0.59% | 0% | $237,344 |
| UBS Group AG | 0.05% | 14,877 | +108% | 0% | $149,960 |
| Vident Advisory, LLC | 0.03% | 10,794 | -15% | 0% | $108,804 |
| BANK OF AMERICA CORP /DE/ | 0.02% | 6,352 | +9% | 0% | $64,028 |
| Mirae Asset Global Investments Co., Ltd. | 0.01% | 2,535 | 0% | 0% | $25,553 |
| Compagnie Lombard Odier SCmA | 0.01% | 2,000 | 0% | 0% | $20,160 |
| RHUMBLINE ADVISERS | 0% | 1,019 | -8.2% | 0% | $10,270 |
| EverSource Wealth Advisors, LLC | 0% | 913 | -21% | 0% | $9,203 |
| NewEdge Advisors, LLC | 0% | 576 | +20% | 0% | $5,805 |
| Smartleaf Asset Management LLC | 0% | 509 | 0% | $4,907 | |
| GROUP ONE TRADING LLC | 0% | 123 | -94% | 0% | $1,240 |
| ROYAL BANK OF CANADA | 0% | 96 | 0% | 0% | $1,000 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 0% | 87 | 0% | $877 |
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 | 2,125 | $20,889 | +$619 | $9.83 | 4 |
| 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 |