New Positions
3 managers initiated
Top five by reported value
Youdao Inc NEW YORK STOCK EXCHANGE, INC.:DAO
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
3 new7 added21 reduced8 exited
Total Institutional Holders
31
as of 2025-12-31
Top Holder
Orbis Allan Gray Ltd
$70.0M
Largest QoQ Increase
GSA CAPITAL PARTNERS LLP
+52,858 sh
Largest QoQ Decrease
Orbis Allan Gray Ltd
-337,550 sh
New Positions(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Smartleaf Asset Management LLC | 509 | +509 | $4.9K | +$4.9K | — |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 87 | +87 | $877 | +$877 | — |
| SBI Securities Co., Ltd. | 1 | +1 | $10 | +$10 | — |
Added To(7)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 1,040,574 | +27,412 | $10.5M | +$418.2K | 2.7% |
| UBS Group AG | 14,877 | +7,734 | $150.0K | +$79.0K | 108.3% |
| BANK OF AMERICA CORP /DE/ | 6,352 | +524 | $64.0K | +$6.1K | 9.0% |
| MORGAN STANLEY | 23,546 | +139 | $237.3K | +$4.7K | 0.6% |
| NewEdge Advisors, LLC | 576 | +96 | $5.8K | +$1.0K | 20.0% |
| GSA CAPITAL PARTNERS LLP | 73,111 | +52,858 | $737 | +$536 | 261.0% |
| Royal Bank of Canada | 96 | +32 | $1.0K | $0 | 50.0% |
Reduced(21)
Sold Out(8)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Walleye Capital LLC | 0 | -48,452 | $0 | -$481.6K | — |
| NORGES BANK | 0 | -96,600 | $0 | -$400.9K | — |
| Toroso Investments, LLC | 0 | -29,434 | $0 | -$292.6K | — |
| CITADEL ADVISORS LLC | 0 | -25,297 | $0 | -$251.5K | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0 | -14,300 | $0 | -$142.1K | — |
| GOLDMAN SACHS GROUP INC | 0 | -11,968 | $0 | -$119.0K | — |
| CITIGROUP INC | 0 | -2,697 | $0 | -$26.8K | — |
| SIMPLEX TRADING, LLC | 0 | -2,758 | $0 | -$27 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| Orbis Allan Gray Ltd | 6,943,858 | $70.0M | -337,550 | -4.6% |
| NetEase, Inc. | 2,898,293 | $29.2M | 0 | 0.0% |
| VANGUARD GROUP INC | 1,040,574 | $10.5M | +27,412 | 2.7% |
| Connor, Clark & Lunn Investment Management Ltd. | 243,446 | $2.5M | -9,347 | -3.7% |
| RENAISSANCE TECHNOLOGIES LLC | 62,000 | $625.0K | -6,700 | -9.8% |
| Qube Research & Technologies Ltd | 57,838 | $583.0K | -39,991 | -40.9% |
| MARSHALL WACE, LLP | 38,387 | $386.9K | -1,016 | -2.6% |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | 37,087 | $373.8K | -222 | -0.6% |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 29,286 | $295.2K | 0 | 0.0% |
| Invesco Ltd. | 27,797 | $280.2K | -1,186 | -4.1% |
| MORGAN STANLEY | 23,546 | $237.3K | +139 | 0.6% |
| UBS Group AG | 14,877 | $150.0K | +7,734 | 108.3% |
| Vident Advisory, LLC | 10,794 | $108.8K | -1,868 | -14.8% |
| BANK OF AMERICA CORP /DE/ | 6,352 | $64.0K | +524 | 9.0% |
| Mirae Asset Global Investments Co., Ltd. | 2,535 | $25.6K | 0 | 0.0% |
| Compagnie Lombard Odier SCmA | 2,000 | $20.2K | 0 | 0.0% |
| RHUMBLINE ADVISERS | 1,019 | $10.3K | -91 | -8.2% |
| EverSource Wealth Advisors, LLC | 913 | $9.2K | -240 | -20.8% |
| NewEdge Advisors, LLC | 576 | $5.8K | +96 | 20.0% |
| Smartleaf Asset Management LLC | 509 | $4.9K | +509 | — |
New & Closed Positions this quarter
Closed Positions
8 managers exited
Top five by prior-quarter value
- Walleye Capital LLC$481.6K
- NORGES BANK$400.9K
- Toroso Investments, LLC$292.6K
- CITADEL ADVISORS LLC$251.5K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$142.1K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for DAO against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.