UDMY β€” Udemy, Inc.

Ownership history in INDUSTRY VENTURES, L.L.C.  Β·  3 quarters on record

This page tracks every 13F SEC filing in which INDUSTRY VENTURES, L.L.C. reported a position in Udemy, Inc. (UDMY). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
6.82% (2021 Q4)
πŸ“Š Avg. % of fund
6.31%
πŸ“… First filed
2021 Q4
πŸ“… Last filed
2024 Q2
⏱ Quarters held
3

Position Intelligence

INDUSTRY VENTURES, L.L.C. Γ— UDMY AI Analytics

πŸ“‰ INDUSTRY VENTURES, L.L.C. underperformed the S&P 500 by –174.1% annually on this UDMY position. Average cost basis: $19.54. Maximum drawdown during holding period: –55.8%.

πŸ“ˆ Position Alpha vs SPY
-174.1%
annualised excess return

❌ Significantly underperformed the S&P 500 by 174.1% ann.
2 quarters analyzed

πŸ’° Entry Quality
$19.54
-55.8% vs current ($8.63)

Best entry: $19.54 (2021 Q4)  Β·  Worst: $19.54 (2021 Q4)

πŸ›‘οΈ Drawdown Resilience
–55.8%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
50%
buy-side decisions

1 add Β· 1 trim. Bought during 0 of 2 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 5.32% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    UDMY price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 3 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2024 Q2 REDUCED 400,000 -467,346 -53.9% 5.32% $3.5M $8.63
2022 Q1 UNCHANGED 867,346 β€” 0% 6.79% $10.8M $12.46
2021 Q4 INITIATED 867,346 β€” β€” 6.82% $16.9M $19.54

🏒 Other funds also holding UDMY

As of 2025 Q4 β€” sorted by position size

Insight Holdings Group, LLC 3Y 7Y 16.64% Inflection Point Investments LLP 9.02% Sea Cliff Partners Management, LP 7.87% CYPRESS POINT INVESTMENT MANAGEMENT LP 5.5% WESTERLY CAPITAL MANAGEMENT, LLC 3Y 7Y 5.14% MAK CAPITAL ONE LLC 3Y 7Y 2.43% Caledonia (Private) Investments Pty Ltd 3Y 7Y 1.51% J. Goldman & Co LP 3Y 7Y 0.65% SHERBROOKE PARK ADVISERS LLC 3Y 0.38% ALPINE ASSOCIATES MANAGEMENT INC. 3Y 7Y 0.22%
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