$DAO

$19.00 -$0.10 (0.52%) Close

$DAO Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 118.1M shares outstanding

Who owns DAO?

By type of holder

Institutions 9.6% Insiders 0.0% Everyone else 90.4%

Concentration Top 10 holders own 9.5%

Orbis Allan Gray Ltd 5.6% · NetEase, Inc. 2.5%

Institutional ownership

9.6%

-0.3 pts vs last qtr

Institutional holders

-1 vs last qtr

Net shares bought

−318.6K

by institutions in Q2 2026

New / sold out

4 / 5

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Savant Capital, LLC NEW +13.6K
UBS Group AG +10.7K

Biggest sellers in Q2 2026

Orbis Allan Gray Ltd −175.2K
Acadian Asset Management LLC −68.2K

Who is planning to sell?

Notices of proposed sale, last 12 months

$434K

3 notices from 3 people

Shares covered

40.3K

0.03% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Liu Renlei Officer $310K
Li Yongwei Officer $75.9K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2017–FY2025

+83.3%

+7.87% a year

Each share's claim on the business

−45.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$241M vs $302M

over 9 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years68% 3–5 years28% 1–3 years3% Under 1 year1%

Quarterly turnover

1.7%

of institutional shares changed hands

Top 10 managers, median time held

4 years

Super Investors

Investment managers reporting DAO on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
OA Orbis Allan Gray Ltd	6.6M	5.56%	−175.2K (−2.6%)	≤2021	0.3%
Shares held by quarter Peak holding9.4M (Q3'24) Change over 8 quarters−2.8M Share of the company5.560% Orbis Allan Gray Ltd's full portfolio →
N NetEase, Inc.	2.9M	2.45%	Unchanged	2022	4.7%
Shares held by quarter Peak holding2.9M (Q3'24) Change over 8 quarters0 Share of the company2.450% NetEase, Inc.'s full portfolio →

Orbis Allan Gray Ltd

6.6M

% of company

5.56%

Change vs last qtr

−175.2K (−2.6%)

Held since

≤2021

NetEase, Inc.

2.9M

% of company

2.45%

Change vs last qtr

Unchanged

Held since

2022

28 more super investors behind a free account

See every manager holding Youdao, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting DAO on Form N-PORT; together they hold 0.1% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IG Invesco Golden Dragon China ETF Invesco Exchange-Traded Fund Trust	$393K	23.4K	0.02%	0.40%	July 31, 2026
DE Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust	$313K	18.6K	0.02%	0.00%	July 31, 2026

Invesco Golden Dragon China ETF

Invesco Exchange-Traded Fund Trust

Position value

$393K

% of company

0.02%

% of the fund

0.40%

As of

July 31, 2026

Dimensional Emerging Markets Core Equity 2 ETF

Dimensional ETF Trust

Position value

$313K

% of company

0.02%

% of the fund

0.00%

As of

July 31, 2026

13 more funds behind a free account

See every fund holding Youdao, Inc. and how much of the fund the position is.

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