DAO β€” YOUDAO INC

Ownership history in Orbis Allan Gray Ltd  Β·  25 quarters on record

This page tracks every 13F SEC filing in which Orbis Allan Gray Ltd reported a position in YOUDAO INC (DAO). 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
2.33% (2020 Q2)
πŸ“Š Avg. % of fund
0.84%
πŸ“… First filed
2019 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
25

Position Intelligence

Orbis Allan Gray Ltd Γ— DAO AI Analytics

πŸ“ˆ Orbis Allan Gray Ltd outperformed the S&P 500 by +0.4% annually on this DAO position. Timing score: 42% (10/24 decisions correct). Average cost basis: $20.63. Maximum drawdown during holding period: –89.5%.

πŸ“ˆ Position Alpha vs SPY
+0.4%
annualised excess return

➑️ Roughly in line with S&P 500 (±1% alpha range).
24 quarters analyzed

⏱️ Timing Score
42%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
10 of 24 add/trim decisions correct

πŸ’° Entry Quality
$20.63
-51.1% vs current ($10.08)

Best entry: $3.93 (2022 Q3)  Β·  Worst: $37.50 (2020 Q2)

πŸ›‘οΈ Drawdown Resilience
–89.5%
max drawdown while held

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

πŸ’ͺ Fund Conviction
44%
buy-side decisions

11 adds Β· 14 trims. Bought during 6 of 11 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.29% 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)    DAO price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 6,943,858 -337,550 -4.6% 0.29% $70.0M $10.08
2025 Q3 REDUCED 7,281,408 -216,022 -2.9% 0.31% $72.4M $9.94
2025 Q2 REDUCED 7,497,430 -841,958 -10.1% 0.31% $64.5M $8.60
2025 Q1 REDUCED 8,339,388 -637,271 -7.1% 0.36% $63.6M $7.63
2024 Q4 REDUCED 8,976,659 -413,685 -4.4% 0.36% $66.4M $7.40
2024 Q3 REDUCED 9,390,344 -174,949 -1.8% 0.21% $39.0M $4.15
2024 Q2 REDUCED 9,565,293 -670,851 -6.6% 0.23% $37.5M $3.92
2024 Q1 REDUCED 10,236,144 -128,561 -1.2% 0.25% $41.1M $4.02
2023 Q4 REDUCED 10,364,705 -974,591 -8.6% 0.26% $40.8M $3.94
2023 Q3 REDUCED 11,339,296 -1,563,749 -12.1% 0.33% $45.6M $4.02
15 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history
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