Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO)

Q: What does CUSIP 98741T104 represent in this 13F holders report?

CUSIP 98741T104 is the security identifier for DAO - Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 used to aggregate holder disclosures.

Q: How many institutions held DAO - Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 in Q2 2026?

33 institutional investors reported DAO - Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 for Q2 2026. Use the holders table for investor-level position and value details.

CUSIP: 98741T104

Q2 2026 13F Holders as of 30 Jun 2026

Security type / class: Equity / American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001
Total 13F shares: 11,366,609
Total 13F value: $139,788,604
Share change: -318,600
SEC-reported price per share: $12.30
Number of holders: 33
Value change: -$3,792,486
Number of buys: 12
Number of sells: 15
Shares outstanding: 32,654,214

Security key

98741T104

Report period

Q2 2026

Institutions

Top holders

DAO full security history Ownership snapshot Full 13F holder table Previous quarter: Q1 2026 Youdao, Inc. SEC filings Youdao, Inc. company facts

Broader feeds

Latest 13F filings Latest 13D/G filings Investors directory

Reporting periods

Holder history for CUSIP 98741T104

Previous quarter: Q1 2026

Recent filing periods:

Q2 2026 Q1 2026

Ownership snapshot

Top reported holders of DAO - Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (13F + 13D/G + 3/4/5)

Grouped by holder across the latest SEC ownership disclosures. Start with comparable ownership when available, then verify the linked 13F, 13D/G, or 3/4/5 evidence.

Comparable stake leader

ORBIS INVESTMENT MANAGEME...

Disclosed value leader

ORBIS INVESTMENT MANAGEME...

Comparable rows

15/15

Latest evidence

30 Jun 2026

13D/G 13F Lead comparable stake: 20% 13D/G row: ORBIS INVESTMENT MANAGEMENT LTD Showing 1-6 of 15 holder rows.

Quick read

ORBIS INVESTMENT MANAGEMENT LTD leads the comparable SEC ownership view at 20%.

15 of 15 rows have a safely comparable ownership percentage. Use this as a filing-backed starting point, then open the detailed table for source links, reporting role, position value, share count, and filing date.

Open SEC evidence Opens ORBIS INVESTMENT MANAGEMENT LTD's linked filing trail.

Comparable ownership Top 5

ORBIS INVESTMENT MANAGEMENT LTD 20%

Orbis Allan Gray Ltd 21%

NetEase, Inc. 8.9%

VANGUARD CAPITAL MANAGEMENT LLC 2.5%

ACADIAN ASSET MANAGEMENT LLC 0.91%

Ownership % is shown only when SEC disclosures are safely comparable across share classes.

Detailed SEC evidence table Showing 1-6 of 15 holder rows

Holder	Evidence	Ownership %	Position	12M Net Δ	As of
ORBIS INVESTMENT MANAGEMENT LTD	13D/G Orbis Investment Management Limited 13D/G	20%	$93,004,752 6,563,497 shares	-$2,482,967	30 Jun 2026
Orbis Allan Gray Ltd	13F Company 13F	21%	$66,241,657 6,738,724 shares	—	31 Mar 2026
NetEase, Inc.	13F Company 13F	8.9%	$28,490,220 2,898,293 shares	—	31 Mar 2026
VANGUARD CAPITAL MANAGEMENT LLC	13F Company 13F	2.5%	$8,182,787 832,430 shares	—	31 Mar 2026
ACADIAN ASSET MANAGEMENT LLC	13F Company 13F	0.91%	$2,901,000 295,624 shares	—	31 Mar 2026
Connor, Clark & Lunn Investment Management Ltd.	13F Company 13F	0.69%	$2,221,659 226,008 shares	—	31 Mar 2026

How to read this table

Rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.

13F holder rows

Institutional holders as of Q2 2026

Investor-level positions for this CUSIP, loaded as an interactive table.

Institutions

11,366,609

Rows available

Investor	Option	Weight %	Change %	SEC-reported value	* Price	Shares	Share Change	Activity	Report Period

^* SEC-reported price is the security price as of the portfolio date and can indicate the last known price at which the security was still held. The marker flags a reported price that did not pass the local price check.

Compare Q2 2026 vs Q1 2026 Across Filers

Q1 2026 holders

Q2 2026 holders

Holder diff

Investor	Q1 2026 Shares	Q2 2026 Shares	Share Diff	Share Chg %	Q1 2026 value	Q2 2026 value	Value change	Value Chg %

Trend: ostatnie 8 kwartałów (+ wybrane okresy porównania).

Quarterly Holders Trend

Quarterly Value Trend

Quarterly Shares Trend