Who owns Udemy (UDMY)
Which tracked institutional funds hold UDMY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See UDMY company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
31 tracked funds added or opened UDMY while 50 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
UDMY’s largest tracked holder by dollar value, Insight Holdings Group, LLC, sizes it at 12.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 12.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in UDMY divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 193 tracked filers holding UDMY, 127 increased or opened the position and 89 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in UDMY between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 11
- VANGUARD PORTFOLIO MANAGEMENT LLC$20M
- VANGUARD CAPITAL MANAGEMENT LLC$19M
- Invenomic Capital Management LP$6M
- Pale Fire Capital SE$6M
- VANGUARD FIDUCIARY TRUST CO$3M
- Absolute Gestao de Investimentos Ltda.$2M
Full exits 16
- VANGUARD GROUP INC$54M
- J. Goldman & Co LP$25M
- Cresset Asset Management, LLC$3M
- Connor, Clark & Lunn Investment Management Ltd.$3M
- JANE STREET GROUP, LLC$2M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$2M
Largest adds
- GOLDMAN SACHS GROUP INC$10M
- CITIGROUP INC$4M
- MILLENNIUM MANAGEMENT LLC$4M
- Squarepoint Ops LLC$4M
- OP Asset Management Ltd$3M
- UBS Group AG$3M
Largest trims
- Insight Holdings Group, LLC$47M
- Assenagon Asset Management S.A.$18M
- Caledonia (Private) Investments Pty Ltd$16M
- BlackRock, Inc.$10M
- ALGERT GLOBAL LLC$7M
- Sea Cliff Partners Management, LP$6M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Insight Holdings Group, LLC | 38,032,260 | $176M | 22.4% | 2026-Q1 |
| Caledonia (Private) Investments Pty Ltd added | 13,668,374 | $63M | 8.0% | 2026-Q1 |
| BlackRock, Inc. trimmed | 7,142,815 | $33M | 4.2% | 2026-Q1 |
| CYPRESS POINT INVESTMENT MANAGEMENT LP added | 4,589,648 | $21M | 2.7% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 4,344,414 | $20M | 2.6% | 2026-Q1 |
| WESTERLY CAPITAL MANAGEMENT, LLC added | 4,300,000 | $20M | 2.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 4,198,319 | $19M | 2.5% | 2026-Q1 |
| MAK CAPITAL ONE LLC trimmed | 3,658,520 | $17M | 2.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 3,658,498 | $17M | 2.2% | 2026-Q1 |
| Sea Cliff Partners Management, LP trimmed | 2,738,200 | $13M | 1.6% | 2026-Q1 |
| UBS Group AG added | 2,267,813 | $10M | 1.3% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 2,230,809 | $10M | 1.3% | 2026-Q1 |
| STATE STREET CORP added | 2,073,171 | $10M | 1.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 1,926,816 | $9M | 1.1% | 2026-Q1 |
| SOROS FUND MANAGEMENT LLC added | 1,921,574 | $9M | 1.1% | 2026-Q1 |
| CITIGROUP INC added | 1,827,055 | $8M | 1.1% | 2026-Q1 |
| AQR Arbitrage LLC added | 1,693,281 | $8M | 1.0% | 2026-Q1 |
| Assenagon Asset Management S.A. trimmed | 1,499,401 | $7M | 0.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,452,529 | $7M | 0.9% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,389,814 | $6M | 0.8% | 2026-Q1 |
| Invenomic Capital Management LP added | 1,386,098 | $6M | 0.8% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 1,382,995 | $6M | 0.8% | 2026-Q1 |
| Pale Fire Capital SE new | 1,307,141 | $6M | 0.8% | 2026-Q1 |
| Allianz Asset Management GmbH | 1,234,200 | $6M | 0.7% | 2026-Q1 |
| ALPINE ASSOCIATES MANAGEMENT INC. added | 1,187,402 | $5M | 0.7% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 844,168 | $5M | 0.6% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 1,060,820 | $5M | 0.6% | 2026-Q1 |
| Squarepoint Ops LLC added | 1,035,168 | $5M | 0.6% | 2026-Q1 |
| OP Asset Management Ltd added | 793,371 | $4M | 0.5% | 2026-Q1 |
| NORTHERN TRUST CORP added | 812,895 | $4M | 0.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 754,217 | $3M | 0.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 636,685 | $3M | 0.4% | 2026-Q1 |
| Magnetar Financial LLC added | 596,969 | $3M | 0.4% | 2026-Q1 |
| Pacer Advisors, Inc. added | 551,512 | $3M | 0.3% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 496,010 | $2M | 0.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 494,906 | $2M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 373,857 | $2M | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 372,246 | $2M | 0.2% | 2026-Q1 |
| Absolute Gestao de Investimentos Ltda. new | 357,200 | $2M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 353,183 | $2M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 347,762 | $2M | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 324,514 | $1M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 311,901 | $1M | 0.2% | 2026-Q1 |
| Empowered Funds, LLC new | 283,734 | $1M | 0.2% | 2026-Q1 |
| NATIXIS added | 274,500 | $1M | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 244,444 | $1M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 214,077 | $989K | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 209,342 | $967K | 0.1% | 2026-Q1 |
| ABC ARBITRAGE SA added | 205,352 | $949K | 0.1% | 2026-Q1 |
| Swiss National Bank added | 200,100 | $924K | 0.1% | 2026-Q1 |
| Polar Asset Management Partners Inc. new | 192,654 | $890K | 0.1% | 2026-Q1 |
| IEQ CAPITAL, LLC added | 189,711 | $876K | 0.1% | 2026-Q1 |
| Creative Planning added | 189,365 | $875K | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC new | 186,453 | $861K | 0.1% | 2026-Q1 |
| Nuveen, LLC trimmed | 185,402 | $857K | 0.1% | 2026-Q1 |
| CREDIT INDUSTRIEL ET COMMERCIAL added | 183,000 | $845K | 0.1% | 2026-Q1 |
| New York Life Investment Management LLC new | 176,440 | $815K | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 175,454 | $811K | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 169,615 | $784K | 0.1% | 2026-Q1 |
| Transmarket Holdings LP added | 168,353 | $778K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 162,309 | $750K | 0.1% | 2026-Q1 |
| Sagefield Capital LP new | 158,226 | $731K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 154,914 | $706K | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 148,178 | $685K | 0.1% | 2026-Q1 |
| WATER ISLAND CAPITAL LLC added | 139,335 | $644K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP trimmed | 129,597 | $599K | 0.1% | 2026-Q1 |
| HARVEST MANAGEMENT LLC added | 129,000 | $596K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 9,153,668 | $54M | 6.8% | 2025-Q4 stale |
| NewView Capital Partners I, LLC | 3,997,791 | $28M | 3.6% | 2025-Q3 stale |
| NASPERS LTD trimmed | 3,916,240 | $27M | 3.5% | 2025-Q3 stale |
| J. Goldman & Co LP added | 4,243,340 | $25M | 3.2% | 2025-Q4 stale |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 1,666,003 | $12M | 1.5% | 2025-Q3 stale |
| Greenvale Capital LLP trimmed | 838,897 | $6M | 0.8% | 2025-Q2 stale |
| Inflection Point Investments LLP added | 603,897 | $4M | 0.5% | 2025-Q3 stale |
| MAVERICK CAPITAL LTD new | 536,883 | $4M | 0.5% | 2025-Q3 stale |
| Cresset Asset Management, LLC trimmed | 561,252 | $3M | 0.4% | 2025-Q4 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 380,707 | $3M | 0.3% | 2025-Q3 stale |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 452,620 | $3M | 0.3% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC trimmed | 363,542 | $3M | 0.3% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 401,342 | $2M | 0.3% | 2025-Q4 stale |
| S Squared Technology, LLC new | 315,300 | $2M | 0.3% | 2025-Q3 stale |
| Jump Financial, LLC trimmed | 283,000 | $2M | 0.3% | 2025-Q3 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 329,730 | $2M | 0.2% | 2025-Q4 stale |
| Walleye Capital LLC added | 271,948 | $2M | 0.2% | 2025-Q3 stale |
| VARCOV Co. new | 317,251 | $2M | 0.2% | 2025-Q4 stale |
| LAZARD ASSET MANAGEMENT LLC trimmed | 311,107 | $2M | 0.2% | 2025-Q4 stale |
| FEDERATED HERMES, INC. trimmed | 299,786 | $2M | 0.2% | 2025-Q4 stale |
| ACADIAN ASSET MANAGEMENT LLC added | 292,447 | $2M | 0.2% | 2025-Q4 stale |
| Point72 Asset Management, L.P. added | 234,647 | $2M | 0.2% | 2025-Q3 stale |
| PDT Partners, LLC trimmed | 208,169 | $1M | 0.2% | 2025-Q2 stale |
| NFJ INVESTMENT GROUP, LLC new | 198,467 | $1M | 0.2% | 2025-Q3 stale |
| FIRST TRUST ADVISORS LP added | 221,292 | $1M | 0.2% | 2025-Q4 stale |
| PANAGORA ASSET MANAGEMENT INC added | 200,771 | $1M | 0.1% | 2025-Q4 stale |
| XTX Topco Ltd added | 193,659 | $1M | 0.1% | 2025-Q4 stale |
| FORMULA GROWTH LTD new | 152,000 | $1M | 0.1% | 2025-Q3 stale |
| TUDOR INVESTMENT CORP ET AL new | 135,160 | $1M | 0.1% | 2025-Q1 stale |
| MACKENZIE FINANCIAL CORP trimmed | 118,903 | $834K | 0.1% | 2025-Q3 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 97,729 | $758K | 0.1% | 2025-Q1 stale |
| ExodusPoint Capital Management, LP trimmed | 90,755 | $638K | 0.1% | 2025-Q2 stale |
| Trexquant Investment LP added | 106,411 | $623K | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.