Vault-13

UDEMY INC UDMY

COM · Common Stock · CUSIP 902685106

182 institutional holders +16 vs Q1 2025
124,021,857124.0m shares reported held*
$871.9mreported value*
36 new 75 added 43 reduced 22 sold out net bought ≈ $10.5m (+1.5m 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.03. Options: 8 managers hold calls ($4.3m notional), 5 hold puts ($1.7m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 95Q4 22: 107Q1 23: 102Q2 23: 104Q3 23: 111Q4 23: 177Q1 24: 143Q2 24: 138Q3 24: 140Q4 24: 167Q1 25: 166Q2 25: 182182Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202295
Q4 2022107
Q1 2023102
Q2 2023104
Q3 2023111
Q4 2023177
Q1 2024143
Q2 2024138
Q3 2024140
Q4 2024167
Q1 2025166
Q2 2025182

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 53 bought or addedQ3 23: 46 cut or sold outQ4 23: 125 bought or addedQ4 23: 40 cut or sold outQ4 23Q1 24: 65 bought or addedQ1 24: 104 cut or sold outQ2 24: 76 bought or addedQ2 24: 61 cut or sold outQ2 24Q3 24: 73 bought or addedQ3 24: 57 cut or sold outQ4 24: 84 bought or addedQ4 24: 63 cut or sold outQ4 24Q1 25: 92 bought or addedQ1 25: 75 cut or sold outQ2 25: 111 bought or addedQ2 25: 65 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235346
Q4 202312540
Q1 202465104
Q2 20247661
Q3 20247357
Q4 20248463
Q1 20259275
Q2 202511165

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 24 calls: $770.9kQ3 24 puts: $823.4kQ3 24P/C 1.07Q4 24 calls: $1.1mQ4 24 puts: $527.3kQ4 24P/C 0.47Q1 25 calls: $1.4mQ1 25 puts: $541.5kQ1 25P/C 0.40Q2 25 calls: $4.3mQ2 25 puts: $1.7mQ2 25P/C 0.40
Numbers
QuarterCallsPutsP/C
Q3 2024$770.9k$823.4k1.07
Q4 2024$1.1m$527.3k0.47
Q1 2025$1.4m$541.5k0.40
Q2 2025$4.3m$1.7m0.40

Biggest buyers

VANGUARD GROUP INC Added +795,303+795.3k
JACOBS LEVY EQUITY MANAGEMENT, INC Added +679,468+679.5k
JPMORGAN CHASE & CO Added +577,155+577.2k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Added +511,989+512.0k
Cubist Systematic Strategies, LLC Added +506,678+506.7k
CITADEL ADVISORS LLC Added +467,871+467.9k
AQR CAPITAL MANAGEMENT LLC Added +404,270+404.3k
MORGAN STANLEY Added +367,047+367.0k
RENAISSANCE TECHNOLOGIES LLC Added +312,101+312.1k
BANK OF AMERICA CORP /DE/ Added +289,721+289.7k

Biggest sellers

Greenvale Capital LLP Reduced -2,710,933-2.7m
ROYCE & ASSOCIATES LP Sold out -779,689-779.7k
Invenomic Capital Management LP Sold out -729,228-729.2k
Sea Cliff Partners Management, LP Reduced -519,685-519.7k
Trexquant Investment LP Reduced -310,518-310.5k
VOYA INVESTMENT MANAGEMENT LLC Reduced -260,881-260.9k
Balyasny Asset Management L.P. Sold out -242,313-242.3k
GOLDMAN SACHS GROUP INC Reduced -210,030-210.0k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -174,524-174.5k
UBS Group AG Reduced -170,490-170.5k

Biggest calls

CITADEL ADVISORS LLC Added $1.5m210.2k shares
PEAK6 LLC New $1.1m156.0k shares
JANE STREET GROUP, LLC New $647.5k92.1k shares
GROUP ONE TRADING LLC Reduced $457.7k65.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $416.9k59.3k shares
WOLVERINE TRADING, LLC Added $171.5k24.4k shares
SIMPLEX TRADING, LLC Added $23.0k3.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

PEAK6 LLC New $1.4m194.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $195.4k27.8k shares
CITADEL ADVISORS LLC Reduced $154.7k22.0k shares
SIMPLEX TRADING, LLC Reduced $7.0k1.1k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Caledonia (Private) Investments Pty Ltd 13G · institution filed 2025-11-14 9.5% 14.0m 2025-11-14

Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (0.0%, 2026-08-10), VANGUARD GROUP INC (0.0%, 2026-03-27), Prosus N.V. (0.0%, 2026-02-17)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Insight Holdings Group, LLC 11.18% of their portfolio NEW YORK, NY 38,032,26038.0m $267.4m $267.4m 11.18% Unchanged
2 NASPERS LTD 13.75% of their portfolio CAPETOWN, T3 13,920,84013.9m $97.9m $97.9m 13.75% Unchanged
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 11,458,60111.5m $80.6m $80.6m 0.00% Added +795.3k +795,303
4 Caledonia (Private) Investments Pty Ltd 1.25% of their portfolio Sydney Nsw, C3 11,155,44211.2m $78.4m $78.4m 1.25% Reduced -24.1k -24,123
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,037,6547.0m $49.5m $49.5m 0.00% Added +131.8k +131,780
6 NewView Capital Partners I, LLC 100.00% of their portfolio Burlingame, CA 3,997,7914.0m $28.1m $28.1m 100.00% Unchanged
7 Sea Cliff Partners Management, LP 7.80% of their portfolio SAN FRANCISCO, CA 3,255,3743.3m $22.9m $22.9m 7.80% Reduced -519.7k -519,685
8 Assenagon Asset Management S.A. 0.03% of their portfolio SENNINGERBERG, N4 2,619,8672.6m $18.4m $18.4m 0.03% Reduced -58.8k -58,774
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,313,6512.3m $16.3m $16.3m 0.00% Added +81.6k +81,599
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,135,0902.1m $15.0m $15.0m 0.00% Added +24.0k +24,012
11 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 1,963,4062.0m $13.8m $13.8m 0.01% Reduced -174.5k -174,524
12 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 1,386,2681.4m $9.7m $9.7m 0.02% Added +6.0k +5,990
13 JACOBS LEVY EQUITY MANAGEMENT, INC 0.03% of their portfolio FLORHAM PARK, NJ 1,228,2341.2m $8.6m $8.6m 0.03% Added +679.5k +679,468
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,139,6161.1m $8.0m $8.0m 0.00% Reduced -170.5k -170,490
15 Cresset Asset Management, LLC 0.04% of their portfolio Chicago, IL 1,091,7851.1m $7.7m $7.7m 0.04% Reduced -617 -617
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,035,9641.0m $7.3m $7.3m 0.00% Added +367.0k +367,047
17 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 1,008,9061.0m $7.1m $7.1m 0.08% Added +506.7k +506,678
18 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 935,242935.2k $6.6m $6.6m 0.01% Added +467.9k +467,871
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 857,219857.2k $6.0m $6.0m 0.00% Added +57.7k +57,719
20 Greenvale Capital LLP 0.53% of their portfolio LONDON, X0 838,897838.9k $5.9m $5.9m 0.53% Reduced -2.7m -2,710,933
21 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 833,606833.6k $5.9m $5.9m 0.01% Added +79.8k +79,824
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 832,573832.6k $5.9m $5.9m 0.00% Added +105.4k +105,445
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 703,957704.0k $4.9m $4.9m 0.00% Added +577.2k +577,155
24 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 651,998652.0k $4.6m $4.6m 0.02% Added +512.0k +511,989
25 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 609,482609.5k $4.3m $4.3m 0.00% Added +404.3k +404,270
26 ALGERT GLOBAL LLC 0.08% of their portfolio SAN FRANCISCO, CA 540,534540.5k $3.8m $3.8m 0.08% Added +99.4k +99,430
27 Inflection Point Investments LLP 6.96% of their portfolio LONDON, X0 522,897522.9k $3.7m $3.7m 6.96% Reduced -18.7k -18,670
28 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 504,823504.8k $3.5m $3.5m 0.01% Added +263.4k +263,358
29 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 487,539487.5k $3.4m $3.4m 0.00% Added +189.7k +189,667
30 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 485,101485.1k $3.4m $3.4m 0.00% Added +312.1k +312,101
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 448,573448.6k $3.2m $3.2m 0.00% Reduced -210.0k -210,030
32 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 413,850413.9k $2.9m $2.9m 0.00% Added +43.0k +43,010
33 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 398,343398.3k $2.8m $2.8m 0.02% Added +216.7k +216,723
34 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 388,846388.8k $2.7m $2.7m 0.03% Added +185.8k +185,782
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 388,696388.7k $2.7m $2.7m 0.00% Added +289.7k +289,721
36 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.20% of their portfolio Englewood, NJ 357,148357.1k $2.5m $2.5m 0.20% Reduced -60.4k -60,413
37 Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio HONG KONG, K3 344,388344.4k $2.4m $2.4m 0.06% Added +231.0k +230,994
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 294,356294.4k $2.1m $2.1m 0.00% Added +89.0k +89,040
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 284,461284.5k $2.0m $2.0m 0.00% Added +11.8k +11,792
40 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 275,231275.2k $1.9m $1.9m 0.00% Reduced -48.0k -47,998
41 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 269,255269.3k $1.9m $1.9m 0.00% Reduced -260.9k -260,881
42 LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 239,040239.0k $1.7m $1.7m 0.01% Reduced -42.4k -42,411
43 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 230,840230.8k $1.6m $1.6m 0.00% Added +87.3k +87,343
44 Summit Trail Advisors, LLC 0.03% of their portfolio NEW YORK, NY 220,874220.9k $1.6m $1.6m 0.03% New
45 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 209,536209.5k $1.5m $1.5m 0.01% Reduced -40.3k -40,258
46 PDT Partners, LLC 0.08% of their portfolio New York, NY 208,169208.2k $1.5m $1.5m 0.08% Reduced -92.5k -92,484
47 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 207,374207.4k $1.5m $1.5m 0.00% Added +54.5k +54,480
48 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 197,435197.4k $1.4m $1.4m 0.02% Added +71.8k +71,777
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 191,282191.3k $1.3m $1.3m 0.00% Added +75.0k +75,046
50 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 184,441184.4k $1.3m $1.3m 0.00% Reduced -37.0k -36,983
51 PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio BOSTON, MA 173,787173.8k $1.2m $1.2m 0.01% Added +59 +59
52 Swiss National Bank 0.00% of their portfolio ZURICH, V8 155,500155.5k $1.1m $1.1m 0.00% Unchanged
53 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 152,306152.3k $1.1m $1.1m 0.00% Added +20.0k +20,017
54 OP Asset Management Ltd 0.01% of their portfolio HELSINKI, H9 148,520148.5k $1.0m $1.0m 0.01% Added +4.4k +4,360
55 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 127,519127.5k $896.5k $896.5k 0.00% Added +31.1k +31,080
56 Graham Capital Management, L.P. 0.03% of their portfolio ROWAYTON, CT 125,267125.3k $880.6k $880.6k 0.03% Added +39.1k +39,074
57 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 124,280124.3k $873.7k $873.7k 0.00% New
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 119,887119.9k $842.8k $842.8k 0.00% Reduced -28.8k -28,790
59 Quantbot Technologies LP 0.02% of their portfolio NEW YORK, NY 117,309117.3k $824.7k $824.7k 0.02% New
60 DANSKE BANK A/S 0.00% of their portfolio COPENHAGEN V, G7 108,053108.1k $759.6k $759.6k 0.00% New
61 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 100,463100.5k $706.3k $706.3k 0.00% Added +79.2k +79,194
62 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 99,11199.1k $696.7k $696.7k 0.00% Added +13.0k +13,028
63 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 95,53095.5k $671.6k $671.6k 0.00% New
64 Campbell & CO Investment Adviser LLC 0.04% of their portfolio BALTIMORE, MD 95,01395.0k $667.9k $667.9k 0.04% New
65 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 94,13894.1k $661.8k $661.8k 0.00% Reduced -90.0k -89,960
66 Legal & General Group Plc 0.00% of their portfolio London, X0 91,73091.7k $644.9k $644.9k 0.00% Added +6.7k +6,716
67 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 90,75590.8k $638.0k $638.0k 0.01% New
68 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 86,23986.2k $606.3k $606.3k 0.00% Added +51.3k +51,288
69 Utah Retirement Systems 0.01% of their portfolio SALT LAKE CITY, UT 82,45082.5k $579.6k $579.6k 0.01% Unchanged
70 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 80,02480.0k $562.6k $562.6k 0.00% Reduced -24.5k -24,524
71 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 79,41379.4k $558.3k $558.3k 0.00% Reduced -24 -24
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 77,59577.6k $545.5k $545.5k 0.00% Unchanged
73 Petrus Trust Company, LTA 0.05% of their portfolio Dallas, TX 71,42371.4k $502.1k $502.1k 0.05% Added +43.6k +43,581
74 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 68,10068.1k $478.7k $478.7k 0.00% Added +45.1k +45,100
75 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 66,22966.2k $465.6k $465.6k 0.00% Added +5.4k +5,395
76 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 65,44465.4k $462.0k $462.0k 0.00% Added +43.2k +43,156
77 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 61,98762.0k $435.8k $435.8k 0.00% New
78 Centiva Capital, LP 0.03% of their portfolio New York, NY 58,54058.5k $411.5k $411.5k 0.03% Added +26.4k +26,350
79 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 58,31758.3k $410.0k $410.0k 0.00% Unchanged
80 Counterpoint Mutual Funds LLC 0.04% of their portfolio San Diego, CA 57,79657.8k $406.3k $406.3k 0.04% New
81 Dauntless Investment Group, LLC 1.83% of their portfolio Milford, MI 55,42655.4k $389.6k $389.6k 1.83% Not comparable
82 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 54,99355.0k $386.6k $386.6k 0.00% Unchanged
83 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 52,65152.7k $370.1k $370.1k 0.00% Reduced -1.4k -1,420
84 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,24851.2k $360.3k $360.3k 0.00% New
85 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 50,96951.0k $358.3k $358.3k 0.00% Added +6.7k +6,723
86 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 50,29950.3k $353.6k $353.6k 0.00% Added +2.6k +2,597
87 EntryPoint Capital, LLC 0.17% of their portfolio NEW YORK, NY 49,18049.2k $345.7k $345.7k 0.17% New
88 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 48,32748.3k $340.0k $340.0k 0.00% New
89 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 48,22248.2k $339.0k $339.0k 0.00% Added +762 +762
90 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 46,77446.8k $329.0k $329.0k 0.00% Added +6.5k +6,504
91 Dynamic Technology Lab Private Ltd 0.04% of their portfolio SINGAPORE, U0 43,25843.3k $305.0k $305.0k 0.04% New
92 PharVision Advisers, LLC 0.44% of their portfolio BOCA RATON, FL 43,21343.2k $303.8k $303.8k 0.44% Added +29.0k +29,019
93 STONERIDGE INVESTMENT PARTNERS LLC 0.22% of their portfolio RADNOR, PA 40,91240.9k $288.0k $288.0k 0.22% New
94 FOX RUN MANAGEMENT, L.L.C. 0.05% of their portfolio GREENWICH, CT 40,67440.7k $285.9k $285.9k 0.05% New
95 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 39,37739.4k $276.8k $276.8k 0.00% Reduced -125.8k -125,758
96 State of Wyoming 0.03% of their portfolio CHEYENNE, WY 38,19438.2k $268.5k $268.5k 0.03% Added +8.9k +8,874
97 Corton Capital Inc. 0.31% of their portfolio Carrying Place, A6 37,71237.7k $265.1k $265.1k 0.31% New
98 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 37,60537.6k $264.4k $264.4k 0.01% New
99 DRW Securities, LLC 0.02% of their portfolio CHICAGO, IL 37,01937.0k $260.2k $260.2k 0.02% New
100 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 35,90035.9k $252.2k $252.2k 0.00% Unchanged