| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD | 23% | -2.9% | $72,377,196 | -$2,147,259 | 7,281,408 | -2.9% | Orbis Investment Management Limited | 30 Sep 2025 |
As of 30 Sep 2025, 33 institutional investors reported holding 12,458,118 shares of Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO). This represents 40% of the company’s total 31,250,678 outstanding shares.
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 40% 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 | 23% | 7,281,408 | -2.9% | 0.31% | $72,377,196 |
| NetEase, Inc. | 9.3% | 2,898,293 | 0% | 5.8% | $28,809,032 |
| VANGUARD GROUP INC | 3.2% | 1,013,162 | +0.63% | 0% | $10,070,831 |
| ACADIAN ASSET MANAGEMENT LLC | 1.6% | 511,473 | +37% | 0.01% | $5,063,000 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.81% | 252,793 | +25% | 0.01% | $2,512,762 |
| Qube Research & Technologies Ltd | 0.31% | 97,829 | -11% | 0% | $972,420 |
| RENAISSANCE TECHNOLOGIES LLC | 0.22% | 68,700 | +18% | 0% | $682,878 |
| Walleye Capital LLC | 0.16% | 48,452 | -58% | 0% | $481,613 |
| MARSHALL WACE, LLP | 0.13% | 39,403 | +56% | 0% | $391,667 |
| California Public Employees Retirement System | 0.12% | 37,309 | -6.3% | 0% | $370,851 |
| Tidal Investments LLC | 0.09% | 29,434 | -2.8% | 0% | $292,574 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 0.09% | 29,286 | +36% | 0% | $291,103 |
| Invesco Ltd. | 0.09% | 28,983 | -1.1% | 0% | $288,091 |
| CITADEL ADVISORS LLC | 0.08% | 25,297 | 0% | $251,452 | |
| MORGAN STANLEY | 0.07% | 23,407 | +10% | 0% | $232,665 |
| GSA CAPITAL PARTNERS LLP | 0.06% | 20,253 | 0.02% | $201,000 | |
| Vident Advisory, LLC | 0.04% | 12,662 | -22% | 0% | $125,860 |
| GOLDMAN SACHS GROUP INC | 0.04% | 11,968 | 0% | $118,962 | |
| UBS Group AG | 0.02% | 7,143 | -35% | 0% | $71,001 |
| BANK OF AMERICA CORP /DE/ | 0.02% | 5,828 | -92% | 0% | $57,930 |
| SIMPLEX TRADING, LLC | 0.01% | 2,758 | 0% | $27,000 | |
| CITIGROUP INC | 0.01% | 2,697 | 0% | $26,808 | |
| Mirae Asset Global Investments Co., Ltd. | 0.01% | 2,535 | 0% | $25,198 | |
| Compagnie Lombard Odier SCmA | 0.01% | 2,000 | 0% | 0% | $19,880 |
| GROUP ONE TRADING LLC | 0.01% | 1,947 | -75% | 0% | $19,353 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 2,061 | $20,775 | $10.08 | 2 | |
| 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 |