Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in DAO held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Orbis Allan Gray Ltd | 6.7M | $66.2M | -2.9% | 5.707% | 0.28% |
| 2 | NetEase, Inc. | 2.9M | $28.5M | 0.0% | 2.454% | 3.05% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 832K | $8.2M | β | 0.705% | 0.00% |
| 4 | Connor, Clark & Lunn Investment Management Ltd. | 226K | $2.2M | -7.2% | 0.191% | 0.01% |
| 5 | VANGUARD FIDUCIARY TRUST CO | 212K | $2.1M | β | 0.179% | 0.00% |
| 6 | RENAISSANCE TECHNOLOGIES LLC | 64K | $624K | +2.4% | 0.054% | 0.00% |
| 7 | Qube Research & Technologies Ltd | 61K | $595K | +4.6% | 0.051% | 0.00% |
| 8 | UBS Group AG | 55K | $540K | +269.3% | 0.046% | 0.00% |
| 9 | CITADEL ADVISORS LLC | 51K | $498K | β | 0.043% | 0.00% |
| 10 | MARSHALL WACE, LLP | 46K | $455K | +20.7% | 0.039% | 0.00% |
| 11 | CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | 37K | $364K | -0.3% | 0.031% | 0.00% |
| 12 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 28K | $279K | -3.2% | 0.024% | 0.00% |
| 13 | Invesco Ltd. | 27K | $266K | -2.7% | 0.023% | 0.00% |
| 14 | MORGAN STANLEY | 22K | $218K | -5.8% | 0.019% | 0.00% |
| 15 | Vident Advisory, LLC | 10K | $99K | -6.7% | 0.009% | 0.00% |
| 16 | EverSource Wealth Advisors, LLC | 2K | $67K | +91.8% | 0.002% | 0.00% |
| 17 | VANGUARD ASSET MANAGEMENT, Ltd | 4K | $38K | β | 0.003% | 0.00% |
| 18 | GROUP ONE TRADING, L.P. | 3K | $31K | +2470.7% | 0.003% | 0.00% |
| 19 | Compagnie Lombard Odier SCmA | 2K | $20K | 0.0% | 0.002% | 0.00% |
| 20 | RHUMBLINE ADVISERS | 1K | $12K | +19.6% | 0.001% | 0.00% |
| 21 | Tower Research Capital LLC (TRC) | 868 | $9K | +2793.3% | 0.001% | 0.00% |
| 22 | Smartleaf Asset Management LLC | 509 | $5K | 0.0% | 0.000% | 0.00% |
| 23 | ACADIAN ASSET MANAGEMENT LLC | 296K | $3K | -31.6% | 0.250% | 0.00% |
| 24 | ROYAL BANK OF CANADA | 200 | $2K | +108.3% | 0.000% | 0.00% |
| 25 | NISA INVESTMENT ADVISORS, LLC | 72 | $708 | β | 0.000% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in DAO β a direct measure of their conviction.
Filings activity in DAO during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 33 | +10% | 8.27% | 0.30 pp | $111M | 3.5% |
| Q4 2025 | 30 | 12% | 8.57% | 0.23 pp | $115M | 2.7% |
| Q3 2025 | 34 | +9.7% | 8.80% | +0.85 pp | $119M | +11% |
| Q2 2025 | 31 | +3.3% | 7.95% | +0.33 pp | $107M | +4.3% |
| Q1 2025 | 30 | 9.1% | 7.62% | 192.37 pp | $103M | 99% |
| Q4 2024 | 33 | +14% | 199.99% | +195.73 pp | $7.41B | +12836% |
| Q3 2024 | 29 | 15% | 4.26% | +0.08 pp | $57M | +1.8% |
| Q2 2024 | 34 | β | 4.18% | β | $56M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying DAO stock.
Based on Q1 2026 13F filings, institutional ownership of Youdao, Inc. stands at 8.3%, held across 33 reporting institutions.
Orbis Allan Gray Ltd is the largest reported institutional holder of DAO, with approximately 6,738,724 shares worth $0.07B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of DAO, including RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC.
Our composite Smart Money Score for DAO is 53 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
9 institutions opened new positions in DAO during Q1 2026, while 6 fully exited. 10 added to existing positions and 14 trimmed.
DAO institutional ownership fell by 0.30 percentage points quarter-over-quarter, with a net change of +3 holders.
The top 10 institutions account for 98.7% of all reported 13F value in DAO, and the top 25 account for 100.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Youdao, Inc. (DAO) Institutional Ownership