Youdao, Inc. (DAO) — Institutional Holders, Q2 2026
33 institutional investment managers reported a DAO position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $139.8M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
DAO in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- Savant CapitalNew · +13,572 sh+$166.9K
- UBS Group AGAdded · +10,710 sh+$131.7K
- CITADEL ADVISORSAdded · +8,608 sh+$105.9K
- VANGUARD CAPITAL MANAGEMENTAdded · +7,728 sh+$95.1K
- Tower Research Capital (TRC)Added · +2,089 sh+$25.7K
Biggest sellers
- Orbis Allan Gray LtdTrimmed · -175,227 sh-$2.2M
- ACADIAN ASSET MANAGEMENTTrimmed · -68,170 sh-$838.5K
- MARSHALL WACE, LLPSold out · -46,335 sh-$569.9K
- MORGAN STANLEYTrimmed · -15,291 sh-$188.1K
- Connor, Clark & Lunn Investment Management Ltd.Trimmed · -14,809 sh-$182.2K
DAO 13F holders ranked 1–33 of 33
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Orbis Allan Gray Ltd#1 · 6,563,497 sh | 6,563,497 | $80.7M | 0.28% | -2.6% |
| 2 | NetEase#2 · 2,898,293 sh | 2,898,293 | $35.6M | 4.66% | 0.0% |
| 3 | VANGUARD CAPITAL MANAGEMENT#3 · 840,158 sh | 840,158 | $10.3M | <0.01% | +0.9% |
| 4 | ACADIAN ASSET MANAGEMENT#4 · 227,454 sh | 227,454 | $2.8M | <0.01% | -23.1% |
| 5 | VANGUARD FIDUCIARY#5 · 211,666 sh | 211,666 | $2.6M | <0.01% | 0.0% |
| 6 | Connor, Clark & Lunn Investment Management Ltd.#6 · 211,199 sh | 211,199 | $2.6M | <0.01% | -6.6% |
| 7 | UBS Group AG#7 · 65,644 sh | 65,644 | $807.4K | <0.01% | +19.5% |
| 8 | GSA CAPITAL PARTNERS LLP#8 · 62,966 sh | 62,966 | $774.0K | 0.05% | -8.7% |
| 9 | CITADEL ADVISORS#9 · 59,247 sh | 59,247 | $728.7K | <0.01% | +17.0% |
| 10 | RENAISSANCE TECHNOLOGIES#10 · 58,600 sh | 58,600 | $720.8K | <0.01% | -7.7% |
| 11 | Qube Research & Technologies Ltd#11 · 46,477 sh | 46,477 | $571.7K | <0.01% | -23.2% |
| 12 | CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM#12 · 36,047 sh | 36,047 | $443.4K | <0.01% | -2.5% |
| 13 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO#13 · 28,104 sh | 28,104 | $345.7K | <0.01% | -0.8% |
| 14 | Invesco Ltd.#14 · 23,744 sh | 23,744 | $292.1K | 0.00% | -12.2% |
| 15 | Savant Capital#15 · 13,572 sh | 13,572 | $150.4K | <0.01% | New |
| 16 | MORGAN STANLEY#16 · 6,883 sh | 6,883 | $84.7K | 0.00% | -69.0% |
| 17 | VANGUARD ASSET MANAGEMENT, Ltd#17 · 3,843 sh | 3,843 | $47.3K | 0.00% | 0.0% |
| 18 | Tower Research Capital (TRC)#18 · 2,957 sh | 2,957 | $36.4K | <0.01% | +240.7% |
| 19 | Compagnie Lombard Odier SCmA#19 · 2,000 sh | 2,000 | $24.6K | <0.01% | 0.0% |
| 20 | RHUMBLINE ADVISERS#20 · 1,219 sh | 1,219 | $15.0K | 0.00% | 0.0% |
| 21 | GROUP ONE TRADING, L.P.#21 · 986 sh | 986 | $12.1K | 0.00% | -68.8% |
| 22 | Rockefeller Capital Management L.P.#22 · 809 sh | 809 | $10.0K | 0.00% | New |
| 23 | Smartleaf Asset Management#23 · 509 sh | 509 | $6.1K | <0.01% | 0.0% |
| 24 | ROYAL BANK OF CANADA#24 · 230 sh | 230 | $3.0K | 0.00% | +15.0% |
| 25 | Quarry#25 · 215 sh | 215 | $2.6K | <0.01% | New |
| 26 | NISA INVESTMENT ADVISORS#26 · 73 sh | 73 | $898.00 | — | +1.4% |
| 27 | CoreCap Advisors#27 · 61 sh | 61 | $750.00 | — | 0.0% |
| 28 | HARBOUR INVESTMENTS#28 · 50 sh | 50 | $615.00 | 0.00% | 0.0% |
| 29 | OSAIC#29 · 43 sh | 43 | $529.00 | 0.00% | +126.3% |
| 30 | Stone House Investment Management#30 · 42 sh | 42 | $517.00 | — | 0.0% |
| 31 | WELLS FARGO & COMPANY#31 · 10 sh | 10 | $123.00 | 0.00% | New |
| 32 | Ameritas Advisory Services#32 · 7 sh | 7 | $86.00 | 0.00% | 0.0% |
| 33 | Integrated Wealth Concepts#33 · 4 sh | 4 | $49.00 | 0.00% | New |
Funds that sold out of DAO in Q2 2026 (4)
Held DAO at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| MARSHALL WACE, LLP46,335 sh | 46,335 | $455.5K |
| Vident Advisory10,069 sh | 10,069 | $99.0K |
| EverSource Wealth Advisors1,751 sh | 1,751 | $66.8K |
| Ronald Blue22 sh | 22 | $216.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.