DAO Youdao, Inc.
Youdao, Inc. (DAO) Institutional Ownership
What the institutions did with DAO last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended June 30, 2026.
Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.
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Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.
Largest holders
| Manager | Shares | % of reported |
|---|---|---|
| Orbis Allan Gray Ltd | 6.6M | 57.7% |
| NetEase, Inc. | 2.9M | 25.5% |
| VANGUARD CAPITAL MANAGEMENT LLC | 840.2K | 7.4% |
| ACADIAN ASSET MANAGEMENT LLC | 227.5K | 2.0% |
| VANGUARD FIDUCIARY TRUST CO | 211.7K | 1.9% |
| Connor, Clark & Lunn Investment Management Ltd. | 211.2K | 1.9% |
| UBS Group AG | 65.6K | 0.6% |
| GSA CAPITAL PARTNERS LLP | 63.0K | 0.6% |
| CITADEL ADVISORS LLC | 59.2K | 0.5% |
| RENAISSANCE TECHNOLOGIES LLC | 58.6K | 0.5% |
| Qube Research & Technologies Ltd | 46.5K | 0.4% |
| California Public Employees Retirement System | 36.0K | 0.3% |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 28.1K | 0.2% |
| Invesco Ltd. | 23.7K | 0.2% |
| Savant Capital, LLC | 13.6K | 0.1% |
| MORGAN STANLEY | 6.9K | 0.1% |
| VANGUARD ASSET MANAGEMENT, Ltd | 3.8K | 0.0% |
| Tower Research Capital LLC (TRC) | 3.0K | 0.0% |
| Compagnie Lombard Odier SCmA | 2.0K | 0.0% |
| RHUMBLINE ADVISERS | 1.2K | 0.0% |
| GROUP ONE TRADING LLC | 986 | 0.0% |
| Rockefeller Capital Management L.P. | 809 | 0.0% |
| Smartleaf Asset Management LLC | 509 | 0.0% |
| ROYAL BANK OF CANADA | 230 | 0.0% |
| Quarry LP | 215 | 0.0% |
Largest changes
| Manager | Action | Previous | Current | Change |
|---|---|---|---|---|
| Orbis Allan Gray Ltd | Reduced | 6.7M | 6.6M | -175.2K |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | 295.6K | 227.5K | -68.2K |
| MARSHALL WACE, LLP | Sold Out | 46.3K | 0 | -46.3K |
| MORGAN STANLEY | Reduced | 22.2K | 6.9K | -15.3K |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | 226.0K | 211.2K | -14.8K |
| Qube Research & Technologies Ltd | Reduced | 60.5K | 46.5K | -14.0K |
| Savant Capital, LLC | New | 0 | 13.6K | +13.6K |
| UBS Group AG | Increased | 54.9K | 65.6K | +10.7K |
| Vident Advisory, LLC | Sold Out | 10.1K | 0 | -10.1K |
| CITADEL ADVISORS LLC | Increased | 50.6K | 59.2K | +8.6K |
| VANGUARD CAPITAL MANAGEMENT LLC | Increased | 832.4K | 840.2K | +7.7K |
| GSA CAPITAL PARTNERS LLP | Reduced | 68.9K | 63.0K | -6.0K |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | 63.5K | 58.6K | -4.9K |
| Invesco Ltd. | Reduced | 27.0K | 23.7K | -3.3K |
| GROUP ONE TRADING LLC | Reduced | 3.2K | 986 | -2.2K |
| Tower Research Capital LLC (TRC) | Increased | 868 | 3.0K | +2.1K |
| California Public Employees Retirement System | Reduced | 37.0K | 36.0K | -940 |
| EverSource Wealth Advisors, LLC | Sold Out | 912 | 0 | -912 |
| Rockefeller Capital Management L.P. | New | 0 | 809 | +809 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | Reduced | 28.3K | 28.1K | -237 |
| Quarry LP | New | 0 | 215 | +215 |
| ROYAL BANK OF CANADA | Increased | 200 | 230 | +30 |
| OSAIC HOLDINGS, INC. | Increased | 19 | 43 | +24 |
| Blue Trust, Inc. | Sold Out | 22 | 0 | -22 |
| WELLS FARGO & COMPANY/MN | New | 0 | 10 | +10 |
| NISA INVESTMENT ADVISORS, LLC | Increased | 72 | 73 | +1 |
13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.