Vault-13

2U INC

COM · CUSIP 90214J101

167 institutional holders -10 vs Q1 2023
74,527,25374.5m shares reported held*
$300.6mreported value*
20 new 44 added 69 reduced 31 sold out net sold ≈ $26.0m (-6.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($266 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.03. Options: 12 managers hold calls ($9.0m notional), 7 hold puts ($505.0k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 197Q4 22: 190Q1 23: 177Q2 23: 167167Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022197
Q4 2022190
Q1 2023177
Q2 2023167

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 86 bought or addedQ4 22: 90 cut or sold outQ4 22Q1 23: 81 bought or addedQ1 23: 88 cut or sold outQ1 23Q2 23: 64 bought or addedQ2 23: 100 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20228690
Q1 20238188
Q2 202364100

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 22 calls: $6.2mQ3 22 puts: $8.0mQ3 22P/C 1.28Q4 22 calls: $5.6mQ4 22 puts: $1.5mQ4 22P/C 0.26Q1 23 calls: $4.3mQ1 23 puts: $1.3mQ1 23P/C 0.29Q2 23 calls: $9.0mQ2 23 puts: $505.0kQ2 23P/C 0.06
Numbers
QuarterCallsPutsP/C
Q3 2022$6.2m$8.0m1.28
Q4 2022$5.6m$1.5m0.26
Q1 2023$4.3m$1.3m0.29
Q2 2023$9.0m$505.0k0.06

Biggest buyers

AQR CAPITAL MANAGEMENT LLC Added +720,578+720.6k
Greenvale Capital LLP Added +442,500+442.5k
BlackRock Inc. Added +409,763+409.8k
FEDERATED HERMES, INC. Added +243,007+243.0k
PRUDENTIAL FINANCIAL INC New +202,410+202.4k
PANAGORA ASSET MANAGEMENT INC New +180,305+180.3k
J. Goldman & Co LP New +180,000+180.0k
Qube Research & Technologies Ltd Added +148,052+148.1k
JANE STREET GROUP, LLC Added +136,957+137.0k
TOCQUEVILLE ASSET MANAGEMENT L.P. Added +109,670+109.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,529,496-1.5m
INTRINSIC EDGE CAPITAL MANAGEMENT LLC Sold out -1,456,515-1.5m
CITADEL ADVISORS LLC Reduced -1,012,242-1.0m
VANGUARD GROUP INC Reduced -1,010,189-1.0m
MARSHALL WACE, LLP Sold out -687,386-687.4k
ARK Investment Management LLC Reduced -541,851-541.9k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -337,678-337.7k
D. E. Shaw & Co., Inc. Reduced -331,306-331.3k
MORGAN STANLEY Reduced -317,833-317.8k
GOLDMAN SACHS GROUP INC Reduced -266,655-266.7k

Biggest calls

J. Goldman & Co LP New $4.4m1.1m shares
UBS Group AG New $2.9m727.9k shares
CITADEL ADVISORS LLC Added $911.6k226.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $301.4k74.8k shares
Walleye Trading LLC Reduced $158.4k39.3k shares
SIMPLEX TRADING, LLC Added $97.0k24.3k shares
GROUP ONE TRADING LLC Reduced $84.2k20.9k shares
ROYAL BANK OF CANADA New $65.0k16.2k shares
WOLVERINE TRADING, LLC New $49.4k12.3k shares
Belvedere Trading LLC New $14.1k3.5k shares

Biggest puts

Walleye Trading LLC Reduced $257.1k63.8k shares
UBS Group AG New $170.1k42.2k shares
CITADEL ADVISORS LLC Added $52.0k12.9k shares
WOLVERINE ASSET MANAGEMENT LLC New $20.1k5.0k shares
GROUP ONE TRADING LLC Added $4.8k1.2k shares
Belvedere Trading LLC New $806200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARK Investment Management LLC 0.23% of their portfolio ST. PETERSBURG, FL 8,783,7548.8m $35.4m $35.4m 0.23% Reduced -541.9k -541,851
2 BlackRock Inc. 0.00% of their portfolio New York, NY 6,808,6336.8m $27.4m $27.4m 0.00% Added +409.8k +409,763
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 6,330,0076.3m $25.5m $25.5m 0.00% Reduced -1.0m -1,010,189
4 Greenvale Capital LLP 1.75% of their portfolio LONDON, X0 5,746,3195.7m $23.2m $23.2m 1.75% Added +442.5k +442,500
5 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 5,418,4955.4m $21.8m $21.8m 0.02% Reduced -66.4k -66,358
6 Amova Asset Management Americas, Inc. 0.23% of their portfolio New York, NY 5,418,4955.4m $21.8m $21.8m 0.23% Reduced -66.4k -66,358
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,037,1955.0m $20.3m $20.3m 0.00% Reduced -317.8k -317,833
8 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 2,628,2742.6m $10.6m $10.6m 0.02% Reduced -331.3k -331,306
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,741,5081.7m $7.0m $7.0m 0.00% Added +88.8k +88,826
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,660,9711.7m $6.7m $6.7m 0.00% Added +86.9k +86,869
11 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 1,565,2641.6m $6.3m $6.3m 0.01% Added +100.2k +100,151
12 JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio FLORHAM PARK, NJ 1,534,4791.5m $6.2m $6.2m 0.04% Reduced -13.7k -13,717
13 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 1,521,3001.5m $6.1m $6.1m 0.03% Reduced -39.2k -39,200
14 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,380,9971.4m $5.6m $5.6m 0.00% Added +57.6k +57,642
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,286,1031.3m $5.2m $5.2m 0.00% Added +25.6k +25,580
16 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 1,235,6981.2m $5.0m $5.0m 0.01% Added +50.9k +50,911
17 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,211,2441.2m $4.9m $4.9m 0.00% Reduced -29.3k -29,328
18 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 845,922845.9k $3.4m $3.4m 0.01% Added +720.6k +720,578
19 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 834,334834.3k $3.4m $3.4m 0.01% Added +71.1k +71,065
20 NORGES BANK 0.00% of their portfolio OSLO, Q8 775,016775.0k $3.1m $3.1m 0.00% Reduced -139.9k -139,910
21 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 734,939734.9k $3.0m $3.0m 0.00% Reduced -311 -311
22 FRONTIER CAPITAL MANAGEMENT CO LLC 0.03% of their portfolio Boston, MA 654,443654.4k $2.6m $2.6m 0.03% Reduced -6.7k -6,700
23 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 626,525626.5k $2.5m $2.5m 0.00% Reduced -19.5k -19,492
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 554,712554.7k $2.2m $2.2m 0.00% Reduced -27.1k -27,125
25 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 531,699531.7k $2.1m $2.1m 0.01% Reduced -46.0k -46,026
26 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 486,908486.9k $2.0m $2.0m 0.00% Added +243.0k +243,007
27 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 457,900457.9k $1.8m $1.8m 0.00% Reduced -123.1k -123,100
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 393,409393.4k $1.6m $1.6m 0.00% Reduced -266.7k -266,655
29 ALGERT GLOBAL LLC 0.06% of their portfolio SAN FRANCISCO, CA 342,946342.9k $1.4m $1.4m 0.06% Added +78.0k +77,997
30 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 341,235341.2k $1.4m $1.4m 0.01% Added +148.1k +148,052
31 FMR LLC 0.00% of their portfolio BOSTON, MA 302,430302.4k $1.2m $1.2m 0.00% Reduced -91.3k -91,306
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 287,887287.9k $1.2m $1.2m 0.00% Reduced -1.5m -1,529,496
33 FULLER & THALER ASSET MANAGEMENT, INC. 0.01% of their portfolio SAN MATEO, CA 273,970274.0k $1.1m $1.1m 0.01% Added +875 +875
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 270,310270.3k $1.1m $1.1m 0.00% Added +44.8k +44,772
35 RIVER GLOBAL INVESTORS LLP 0.21% of their portfolio LONDON, X0 263,611263.6k $1.1m $1.1m 0.21% Added +103.2k +103,180
36 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.02% of their portfolio New York, NY 246,200246.2k $992.2k $992.2k 0.02% Added +109.7k +109,670
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 237,440237.4k $956.9k $956.9k 0.00% Added +22.6k +22,616
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 226,086226.1k $911.1k $911.1k 0.00% Added +2.5k +2,547
39 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 202,410202.4k $815.7k $815.7k 0.00% New
40 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 190,965191.0k $769.6k $769.6k 0.01% Added +16.9k +16,908
41 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 188,164188.2k $758.3k $758.3k 0.00% Reduced -1.0m -1,012,242
42 PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio BOSTON, MA 180,305180.3k $726.6k $726.6k 0.00% New
43 J. Goldman & Co LP 0.04% of their portfolio NEW YORK, NY 180,000180.0k $725.4k $725.4k 0.04% New
44 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 179,882179.9k $712.0k $712.0k 0.00% Added +50.0k +50,000
45 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 171,037171.0k $689.3k $689.3k 0.01% Reduced -15.1k -15,119
46 Swiss National Bank 0.00% of their portfolio ZURICH, V8 164,000164.0k $660.9k $660.9k 0.00% Reduced -4.8k -4,800
47 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 160,785160.8k $648.0k $648.0k 0.01% Added +11.9k +11,938
48 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 160,364160.4k $646.3k $646.3k 0.00% Added +137.0k +136,957
49 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 156,811156.8k $631.9k $631.9k 0.00% Added +5.2k +5,250
50 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 150,126150.1k $604.9k $604.9k 0.00% Added +7.8k +7,752
51 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 147,769147.8k $595.0k $595.0k 0.01% Reduced -186.7k -186,722
52 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 121,166121.2k $488.3k $488.3k 0.00% Reduced -3.6k -3,551
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 105,998106.0k $726.1k $726.1k 0.00% Unchanged
54 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 105,846105.8k $426.6k $426.6k 0.00% Reduced -9.4k -9,404
55 Amundi 0.00% of their portfolio Paris, I0 99,67499.7k $384.7k $384.7k 0.00% Reduced -5.7k -5,739
56 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 98,47498.5k $396.9k $396.9k 0.02% Added +58.6k +58,608
57 SYCOMORE ASSET MANAGEMENT 0.09% of their portfolio PARIS, I0 97,14997.1k $385.0k $385.0k 0.09% Unchanged
58 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 96,59796.6k $389.3k $389.3k 0.00% Reduced -97.3k -97,301
59 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 95,77095.8k $386.0k $386.0k 0.00% Reduced -10.9k -10,890
60 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 92,59292.6k $373.1k $373.1k 0.00% Reduced -4.6k -4,631
61 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 92,56292.6k $373.0k $373.0k 0.00% Unchanged
62 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 90,22190.2k $364.0k $364.0k 0.00% Reduced -4.4k -4,433
63 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 89,10789.1k $359.1k $359.1k 0.00% Reduced -1.5k -1,520
64 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 81,29781.3k $327.6k $327.6k 0.00% Added +44.2k +44,167
65 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 80,06180.1k $322.6k $322.6k 0.00% Reduced -119.5k -119,502
66 Legal & General Group Plc 0.00% of their portfolio London, X0 70,05770.1k $282.3k $282.3k 0.00% Added +35.1k +35,106
67 Point72 Middle East FZE 0.01% of their portfolio DUBAI, C0 66,85966.9k $269.4k $269.4k 0.01% Added +50.5k +50,472
68 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 65,82065.8k $265.3k $265.3k 0.00% Added +15.1k +15,061
69 Carolina Wealth Advisors, LLC 0.15% of their portfolio MYRTLE BEACH, SC 61,19061.2k $246.6k $246.6k 0.15% Added +4.1k +4,088
70 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 56,61056.6k $228.0k $228.0k 0.00% Reduced -231.5k -231,500
71 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 56,54256.5k $228.0k $228.0k 0.00% Reduced -10.4k -10,429
72 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 55,18155.2k $222.4k $222.4k 0.00% Unchanged
73 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 54,62454.6k $220.1k $220.1k 0.00% Reduced -21.2k -21,246
74 Man Group plc 0.00% of their portfolio LONDON, X0 51,78551.8k $208.7k $208.7k 0.00% New
75 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 49,12549.1k $198.0k $198.0k 0.00% Reduced -51.9k -51,930
76 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 48,80148.8k $196.7k $196.7k 0.00% Reduced -1.2k -1,238
77 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 48,73448.7k $196.4k $196.4k 0.00% Reduced -10.3k -10,347
78 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 46,60646.6k $187.8k $187.8k 0.00% Added +14.3k +14,270
79 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 45,03245.0k $181.5k $181.5k 0.00% Reduced -151.8k -151,766
80 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 43,75343.8k $176.3k $176.3k 0.00% Reduced -154.1k -154,143
81 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 39,47539.5k $159.1k $159.1k 0.00% Unchanged
82 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.03% of their portfolio DUBLIN 2, L2 38,61538.6k $155.6k $155.6k 0.03% Reduced -2.8k -2,758
83 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 38,12238.1k $153.6k $153.6k 0.00% Added +1.1k +1,098
84 Virtus Investment Advisers, LLC 0.10% of their portfolio HARTFORD, CT 36,00036.0k $145.1k $145.1k 0.10% New
85 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 34,41234.4k $138.5k $138.5k 0.00% Reduced -39 -39
86 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 34,33834.3k $138.4k $138.4k 0.00% Unchanged
87 Ergoteles LLC 0.01% of their portfolio NEW YORK, NY 34,05434.1k $137.2k $137.2k 0.01% New
88 Capital Impact Advisors, LLC 0.15% of their portfolio Boston, MA 33,44333.4k $134.8k $134.8k 0.15% Added +10.0k +9,976
89 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 32,73032.7k $131.9k $131.9k 0.00% Added +2.8k +2,760
90 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 32,00232.0k $129.0k $129.0k 0.00% Added +3.5k +3,450
91 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 30,88030.9k $124.4k $124.4k 0.00% Reduced -727 -727
92 DC Investments Management, LLC 0.14% of their portfolio MCLEAN, VA 30,81430.8k $124.2k $124.2k 0.14% Unchanged
93 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 30,78330.8k $124.1k $124.1k 0.00% Unchanged
94 Ellevest, Inc. 0.01% of their portfolio NEW YORK, NY 29,77429.8k $120.0k $120.0k 0.01% Unchanged
95 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 28,75128.8k $115.9k $115.9k 0.00% Reduced -12.1k -12,117
96 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 26,60826.6k $107.2k $107.2k 0.00% Reduced -20.8k -20,785
97 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 26,07826.1k $104.8k $104.8k 0.00% Unchanged
98 Samalin Investment Counsel, LLC 0.05% of their portfolio CHAPPAQUA, NY 24,60624.6k $99.2k $99.2k 0.05% Added +3.0k +3,000
99 Dynamic Technology Lab Private Ltd 0.01% of their portfolio SINGAPORE, U0 24,45824.5k $99.0k $99.0k 0.01% Reduced -180.9k -180,872
100 GSA CAPITAL PARTNERS LLP 0.01% of their portfolio LONDON, X0 22,81022.8k $92.0k $92.0k 0.01% Reduced -172.4k -172,436