UDMY Udemy, Inc.
Executive Summary
13F filings for Q4 2025 reveal a mixed institutional cluster in Udemy (UDMY): five buyers added $7.2M in positions (led by D.E. Shaw and Dimensional Fund Advisors) while four sellers reduced $16.4M (led by Morgan Stanley and Bank of America), resulting in net institutional distribution of approximately $9.2M. The buying is concentrated in active and quant managers, while selling is dominated by mega-passive and quant funds, suggesting divergent views on the company's near-term prospects.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$9.2M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| D.E. Shaw | ADD | +79.2% | $10.9M | $3.6M |
| Dimensional Fund Advisors | DOUBLED | +233.3% | $5.0M | $3.2M |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | TRIM | -64.6% | $14.2M | -$10.0M |
| Bank of America | TRIM | -73.3% | $4.3M | -$3.4M |
| Renaissance Technologies | TRIM | -44.6% | $5.4M | -$2.9M |
Actionable Insight
The cluster shows net distribution by large passive and quant holders, but notable accumulation by D.E. Shaw and Dimensional Fund Advisors. Given the 45-day reporting lag, current positions may differ; monitor for any subsequent filings or fundamental catalysts that could explain the divergence. If buying from active managers continues, it could signal a contrarian opportunity.
Key Facts
- Net institutional selling of ~$9.2M in Q4 2025 (5 buyers added $7.2M, 4 sellers removed $16.4M)
- D.E. Shaw added 79.2% more shares, increasing its position to $10.9M (up $3.6M)
- Dimensional Fund Advisors doubled its position to $5.0M (up $3.2M)
- Morgan Stanley trimmed 64.6% of its stake, selling ~$10.0M (down to $4.2M)
- Bank of America trimmed 73.3%, reducing its position by $3.4M (down to $967K)
- Renaissance Technologies trimmed 44.6%, reducing by $2.9M (down to $2.5M)
Financial Impact
Net institutional outflow of approximately $9.2 million in Q4 2025, with total buying of $7.2 million and total selling of $16.4 million among tracked filers.
Risk Factors
- 13F data is 45+ days stale; positions may have been adjusted since quarter-end
- Net selling outweighs buying, potentially signaling continued institutional de-risking
- Lack of a clear catalyst in the cluster makes the signal ambiguous
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-UDMY-2025-Q4 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| — | awaiting T+1 | — | — |
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| — | awaiting T+1 | — | — |
|
May 21, 2026
24d ago
|
15-12G
| — | awaiting T+1 | — | — |
|
May 11, 2026
4w ago
|
25-NSE
| $4.63 $4.63 | · 0.00% | ▲ +0.14% | — |
|
May 11, 2026
4w ago
|
8-K
| $4.63 $4.63 | · 0.00% | ▲ +0.14% | — |
|
Apr 10, 2026
9w ago
|
10-K/A
| $4.61 $4.75 | ▲ +3.04% | ▲ +1.83% | — |
US Market Status
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