DAO · Youdao, Inc. · Shareholders & Ownership

$19.25 +0.29 (+1.53%) Q2 2026 earnings call transcript

Market Cap

$2.29B

120.63M

Volume · Oct 29 7884 Avg daily vol (3M) 56.08K

Every disclosed holder of DAO in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.

How the holder list picks a filing →

Who Owns DAO

13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions

No chart: shares outstanding cannot be set against these holders.

Holder group	Holders	Shares	% Out	Summed
Institutional (13F)	32	11,366,742	—	Yes
Insiders (Forms 3, 4, 5)	0	0	—	No
13D/G-only blocks	0	0	—	Yes
Registered funds (N-PORT, not summed)	14	121,093	—	No

% Out is unavailable: a foreign private issuer reports ordinary shares, a different unit from the listed shares.

Insiders are listed but not summed: the issuer has more than one class of common stock and Forms 3, 4 and 5 report one issuer-wide balance across them.

13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.

Holders of DAO

One row per holder Every filing By ultimate parent

All 13F Funds Insiders 13D/G Non-US

#	Holder	Shares	% Out	Change	As of	Notes
1	DING WILLIAM LEI Insider CIK 1280208 · Mar 17, 2026 Director, Chief Executive Officer, issuer-wide, not summed	32,244,881	—	—	Mar 17, 2026	Director, Chief Executive Officer, issuer-wide, not summed
2	Zhou Feng Insider CIK 1803074 · Mar 18, 2026 Director, Chief Executive Officer, issuer-wide, not summed	20,341,200	—	—	Mar 18, 2026	Director, Chief Executive Officer, issuer-wide, not summed
3	Orbis Allan Gray Ltd 13F CIK 1663865 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	6,563,497	—	-175,227	Jun 30, 2026	carried, not yet filed for the newest quarter
3.1	Orbis Investment Management Limited 13G CIK 940594 · Exempt reporting adviser · Jun 30, 2026 Rule 13d-1(b), qualified institution, not summed	6,563,497	—	-175,227	Jun 30, 2026	Rule 13d-1(b), qualified institution, not summed
4	NetEase, Inc. 13F CIK 1110646 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	2,898,293	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
5	VANGUARD CAPITAL MANAGEMENT LLC 13F CIK 2100119 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	840,158	—	+7,728	Jun 30, 2026	carried, not yet filed for the newest quarter
6	ACADIAN ASSET MANAGEMENT LLC 13F CIK 916542 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	227,454	—	-68,170	Jun 30, 2026	carried, not yet filed for the newest quarter
7	VANGUARD FIDUCIARY TRUST CO 13F CIK 933478 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	211,666	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
8	Connor, Clark & Lunn Investment Management Ltd. 13F CIK 1596800 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	211,199	—	-14,809	Jun 30, 2026	carried, not yet filed for the newest quarter
9	Jin Lei Insider CIK 2084920 · Sep 9, 2026 president, issuer-wide, not summed	143,598	—	-44,481	Sep 9, 2026	president, issuer-wide, not summed
10	Lai Jimmy Y. Insider CIK 1975788 · May 29, 2026 Director, issuer-wide, not summed	76,223	—	+11,450	May 29, 2026	Director, issuer-wide, not summed
11	UBS Group AG 13F CIK 1610520 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	65,644	—	+10,710	Jun 30, 2026	carried, not yet filed for the newest quarter
12	GSA CAPITAL PARTNERS LLP 13F CIK 1362033 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	62,966	—	-5,976	Jun 30, 2026	carried, not yet filed for the newest quarter
13	Shum Heung Yeung Insider CIK 1591807 · Sep 1, 2026 Director, issuer-wide, not summed	60,773	—	+34,771	Sep 1, 2026	Director, issuer-wide, not summed
14	CITADEL ADVISORS LLC 13F CIK 1423053 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	59,247	—	+8,608	Jun 30, 2026	carried, not yet filed for the newest quarter
15	RENAISSANCE TECHNOLOGIES LLC 13F CIK 1037389 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	58,600	—	-4,900	Jun 30, 2026	carried, not yet filed for the newest quarter
16	Qube Research & Technologies Ltd 13F CIK 1729829 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	46,477	—	-14,035	Jun 30, 2026	carried, not yet filed for the newest quarter
17	California Public Employees Retirement System 13F CIK 919079 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	36,047	—	-940	Jun 30, 2026	carried, not yet filed for the newest quarter
18	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 13F CIK 1007280 · Pension or benefit plan · Jun 30, 2026 carried, not yet filed for the newest quarter	28,104	—	-237	Jun 30, 2026	carried, not yet filed for the newest quarter
19	Invesco Ltd. 13F CIK 914208 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	23,744	—	-3,301	Jun 30, 2026	carried, not yet filed for the newest quarter
19.1	Invesco Golden Dragon China ETF Fund S000003052 · Registered fund · Jul 31, 2026 Invesco Exchange-Traded Fund Trust, not summed	23,378	—	-3,667	Jul 31, 2026	Invesco Exchange-Traded Fund Trust, not summed
20	Dimensional Emerging Markets Core Equity 2 ETF Fund S000075149 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	18,612	—	0	Jul 31, 2026	Dimensional ETF Trust, not summed
21	Dimensional World ex. U.S. Core Equity 2 ETF Fund S000070905 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	15,479	—	0	Jul 31, 2026	Dimensional ETF Trust, not summed
22	EMERGING MARKETS CORE EQUITY 2 PORTFOLIO Fund S000000978 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	14,060	—	0	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
23	Savant Capital, LLC 13F CIK 1482880 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	13,572	—	+13,572	Jun 30, 2026	carried, not yet filed for the newest quarter
24	Peng Su Insider CIK 2092181 · Sep 9, 2026 Senior Vice President, issuer-wide, not summed	12,000	—	-6,750	Sep 9, 2026	Senior Vice President, issuer-wide, not summed
25	Wu Yinghui Insider CIK 2108588 · Sep 9, 2026 Senior Vice President, issuer-wide, not summed	12,000	—	-6,750	Sep 9, 2026	Senior Vice President, issuer-wide, not summed
26	World ex U.S. Core Equity Portfolio Fund S000039915 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	7,669	—	+942	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
27	Emerging Markets Social Core Equity Portfolio Fund S000012960 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	7,159	—	0	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
28	ActivePassive International Equity ETF Fund S000075230 · Registered fund · Aug 31, 2026 Trust for Professional Managers, not summed	7,097	—	-2,040	Aug 31, 2026	Trust for Professional Managers, not summed
29	Dimensional Emerging Core Equity Market ETF Fund S000069434 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	6,923	—	0	Jul 31, 2026	Dimensional ETF Trust, not summed
30	MORGAN STANLEY 13F CIK 895421 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	6,883	—	-15,291	Jun 30, 2026	carried, not yet filed for the newest quarter
31	THE EMERGING MARKETS SMALL CAP SERIES Fund S000001000 · Registered fund · Jul 31, 2026 DFA INVESTMENT TRUST CO, not summed	5,385	—	0	Jul 31, 2026	DFA INVESTMENT TRUST CO, not summed
32	Avantis Emerging Markets Equity ETF Fund S000066454 · Registered fund · May 31, 2026 American Century ETF Trust, not summed	4,860	—	0	May 31, 2026	American Century ETF Trust, not summed
33	Emerging Markets Sustainability Core 1 Portfolio Fund S000060925 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	4,721	—	0	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
34	VANGUARD ASSET MANAGEMENT, Ltd 13F CIK 1680208 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	3,843	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
35	Dimensional Emerging Markets Sustainability Core 1 ETF Fund S000076641 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	3,731	—	0	Jul 31, 2026	Dimensional ETF Trust, not summed
36	Li Yongwei Insider CIK 2021424 · Jun 30, 2026 Vice President, issuer-wide, not summed	3,420	—	0	Jun 30, 2026	Vice President, issuer-wide, not summed
37	Tower Research Capital LLC (TRC) 13F CIK 1533421 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	2,957	—	+2,089	Jun 30, 2026	carried, not yet filed for the newest quarter
38	Compagnie Lombard Odier SCmA 13F CIK 1615423 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	2,000	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
39	Avantis Emerging Markets Equity Fund Fund S000066462 · Registered fund · May 31, 2026 American Century ETF Trust, not summed	1,984	—	0	May 31, 2026	American Century ETF Trust, not summed
40	RHUMBLINE ADVISERS 13F CIK 1115418 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,219	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
41	GROUP ONE TRADING LLC 13F CIK 932540 · Broker-dealer · Jun 30, 2026 carried, not yet filed for the newest quarter	986	—	-2,176	Jun 30, 2026	carried, not yet filed for the newest quarter
42	Rockefeller Capital Management L.P. 13F CIK 1739439 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	809	—	+809	Jun 30, 2026	carried, not yet filed for the newest quarter
43	Smartleaf Asset Management LLC 13F CIK 2010393 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	509	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
44	ROYAL BANK OF CANADA 13F CIK 1000275 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	230	—	+30	Jun 30, 2026	carried, not yet filed for the newest quarter
45	Quarry LP 13F CIK 1965207 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	215	—	+215	Jun 30, 2026	carried, not yet filed for the newest quarter
46	NISA INVESTMENT ADVISORS, LLC 13F CIK 937615 · Registered investment adviser · Sep 30, 2026	152	—	+79	Sep 30, 2026
47	SBI Securities Co., Ltd. 13F CIK 1851815 · Non-US institution · Sep 30, 2026	100	—	+100	Sep 30, 2026
48	CoreCap Advisors, LLC 13F CIK 1902501 · Registered investment adviser · Sep 30, 2026	61	—	0	Sep 30, 2026
49	HARBOUR INVESTMENTS, INC. 13F CIK 810121 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	50	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
50	OSAIC HOLDINGS, INC. 13F CIK 1677044 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	43	—	+24	Jun 30, 2026	carried, not yet filed for the newest quarter

Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.

Showing 1–50 of 53 holders

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Key facts CIK 1781753 CUSIP 98741T104 13F (30d) 3 filings 3 filers Visit website Investor relations