Udemy, Inc.

UDMY • NASDAQ

Udemy, Inc. is a education & training services company in the consumer defensive sector on NASDAQ, led by Greg Brown, with a market cap of $768.5M. As of Q3 2025, 85% of shares are held by 187 institutional investors, with Insight Holdings Group, LLC as the largest holder at 25.3%.

Chief Executive OfficerGreg Brown

Market Cap$768.5M

Education & Training Services

Consumer Defensive

Employees1.4K

Websiteudemy.com

Country

United States of America

Overview

Overview of institutional ownership in UDMY as of Q3 2025 with a market cap of $1.1B

All Institutions

Institutions: 187
Value Held: $895.8M
Shares Held: 127.8M
Avg Position: $4.8M
Median Position: $319.6K

Hedge Funds

Hedge Funds: 42
Value Held: $226.9M
Shares Held: 32.4M
Avg Position: $5.4M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

63.47%

$668.9M

Hedge Funds

21.53%

$226.9M

Retail & Other

15.0%

$158.1M

Based on market cap of $1.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in UDMY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
I Insight Holdings Group, LLC Institution	-	$266.6M 16.46% of portfolio	25.30% 38.0M shares	Q4 2021 Held for 3y 11m	$1.6B
Caledonia Investments Pty Ltd Hedge Fund•Long/Short	David Brinton Scully Chairman	$97.9M 1.59% of portfolio	9.28% 14.0M shares	Q4 2021 Held for 3y 11m	$6.2B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$83.4M 0.00% of portfolio	7.91% 11.9M shares	Q4 2021 Held for 3y 11m	$6.69T
B BlackRock, Inc. Institution	-	$51.7M 0.00% of portfolio	4.91% 7.4M shares	Q4 2021 Held for 3y 11m	$5.67T
A Assenagon Asset Management S.A. Institution	-	$31.4M 0.05% of portfolio	2.98% 4.5M shares	Q1 2024 Held for 1y 8m	$67.7B
NewView Capital Partners I, LLC Venture Capital	Yi (Bessie) Nmn Wu CFO	$28.0M 100.00% of portfolio	2.66% 4.0M shares	Q4 2021 Held for 3y 11m	$28.0M
N NASPERS LTD Institution	-	$27.5M 4.15% of portfolio	2.60% 3.9M shares	Q4 2021 Held for 3y 11m	$661.8M
Sea Cliff Partners Management, LP Hedge Fund•Long/Short	Matthew Randall Louis Partner	$20.8M 7.62% of portfolio	1.98% 3.0M shares	Q4 2023 Held for 1y 11m	$273.5M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$16.7M 0.00% of portfolio	1.59% 2.4M shares	Q4 2021 Held for 3y 11m	$1.57T
WESTERLY CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Christopher James Galvin Managing Partner	$15.9M 5.04% of portfolio	1.51% 2.3M shares	Q3 2025 Held for 2 months	$315.2M

Net Capital Flow

Institutional buying and selling activity for UDMY in Q3 2025

Traded: +$27.4M
Buyers: 117
Sellers: 71
Total Bought: +$134.4M
Total Sold: −$107.0M
Avg Position: $4.3M

Biggest Buyers

Institution	Net Bought	Current Position
Caledonia Investments Pty Ltd Hedge Fund•Long/Short	+$19.7M +2.8M shares	$97.9M 14.0M shares
WESTERLY CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$15.9M +2.3M shares	$15.9M 2.3M shares
A Assenagon Asset Management S.A. Institution	+$13.0M +1.9M shares	$31.4M 4.5M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	+$10.8M +1.5M shares	$10.8M 1.5M shares
MORGAN STANLEY RIA/Wealth	+$6.9M +987.9K shares	$14.2M 2.0M shares
D D. E. Shaw & Co., Inc. Institution	+$6.7M +955.1K shares	$7.3M 1.0M shares
UBS Group AG Institution	+$4.5M +646.8K shares	$12.5M 1.8M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$3.8M +546.6K shares	$3.8M 546.6K shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	+$3.8M +536.9K shares	$3.8M 536.9K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$3.1M +437.8K shares	$11.7M 1.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
N NASPERS LTD Institution	−$70.1M −10.0M shares	$27.5M 3.9M shares
Greenvale Capital LLP Hedge Fund•Long/Short	−$5.9M −838.9K shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$4.5M −645.4K shares	$2.5M 363.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$4.1M −582.8K shares	$1.8M 250.8K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$2.4M −348.1K shares	$352.3K 50.3K shares
FIRST TRUST ADVISORS LP ETF Provider	−$2.2M −314.3K shares	$1.2M 173.3K shares
Sea Cliff Partners Management, LP Hedge Fund•Long/Short	−$2.0M −281.7K shares	$20.8M 3.0M shares
PDT Partners, LLC Hedge Fund•Quant	−$1.5M −208.2K shares	Sold Off 0 shares
Cresset Asset Management, LLC RIA/Wealth	−$1.2M −165.1K shares	$6.5M 926.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$1.1M −163.2K shares	$5.4M 772.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited UDMY in Q3 2025

New Positions: 19
New Value: $25.1M
Exited Positions: 21
Exited Value: $12.3M

New Positions

Institution	Position Value
WESTERLY CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	$15.9M 2.3M shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	$3.8M 536.9K shares
S S Squared Technology, LLC Hedge Fund•Long/Short	$2.2M 315.3K shares
NFJ INVESTMENT GROUP, LLC Long Only Manager	$1.4M 198.5K shares
CWM Advisors, LLC ETF Provider	$458.1K 65.3K shares
SRS Capital Advisors, Inc. RIA/Wealth	$301.6K 43.0K shares
P PEAK6 LLC Institution	$198.9K 28.4K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$169.6K 24.2K shares
O OMERS ADMINISTRATION Corp Institution	$164.7K 23.5K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$164.3K 23.4K shares

Exited Positions

Institution	Previous Position
Greenvale Capital LLP Hedge Fund•Long/Short	$5.9M 838.9K shares
PDT Partners, LLC Hedge Fund•Quant	$1.5M 208.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$842.8K 119.9K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$638.0K 90.8K shares
P Petrus Trust Company, LTA Institution	$502.1K 71.4K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$411.5K 58.5K shares
D Dauntless Investment Group, LLC Institution	$389.6K 55.4K shares
D Dynamic Technology Lab Private Ltd Institution	$304.1K 43.3K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$264.4K 37.6K shares
O OXFORD ASSET MANAGEMENT Institution	$238.3K 33.9K shares

Options Activity

Institutions with the largest Call and Put options positions in UDMY as of Q3 2025

Call Positions: 7
Call Value: $1.7M
Put Positions: 4
Put Value: $794.2K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$660.3K 942.0 contracts
P PEAK6 LLC Institution	$546.8K 780.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$422.0K 602.0 contracts
Walleye Trading LLC RIA/Wealth	$48.4K 69.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$4.9K 7.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
P PEAK6 LLC Institution	$682.1K 973.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$81.3K 116.0 contracts
Walleye Trading LLC RIA/Wealth	$30.8K 44.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

Institutions with UDMY as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
NewView Capital Partners I, LLC Venture Capital	Yi (Bessie) Nmn Wu CFO	100.00% $28.0M	2.66% 4.0M shares	Q4 2021 Held for 3y 11m	$28.0M
I Insight Holdings Group, LLC Institution	-	16.46% $266.6M	25.30% 38.0M shares	Q4 2021 Held for 3y 11m	$1.6B
Inflection Point Investments LLP Family Office	Justin Michael Kunz Managing Partner	9.02% $4.2M	0.40% 603.9K shares	Q4 2023 Held for 1y 11m	$46.9M
Sea Cliff Partners Management, LP Hedge Fund•Long/Short	Matthew Randall Louis Partner	7.62% $20.8M	1.98% 3.0M shares	Q4 2023 Held for 1y 11m	$273.5M
WESTERLY CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Christopher James Galvin Managing Partner	5.04% $15.9M	1.51% 2.3M shares	Q3 2025 Held for 2 months	$315.2M
N NASPERS LTD Institution	-	4.15% $27.5M	2.60% 3.9M shares	Q4 2021 Held for 3y 11m	$661.8M
Caledonia Investments Pty Ltd Hedge Fund•Long/Short	David Brinton Scully Chairman	1.59% $97.9M	9.28% 14.0M shares	Q4 2021 Held for 3y 11m	$6.2B
S S Squared Technology, LLC Hedge Fund•Long/Short	Kenneth A Goldblatt Managing Partner	0.84% $2.2M	0.21% 315.3K shares	Q3 2025 Held for 2 months	$263.0M
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	Jay Glenn Goldman CEO	0.41% $10.8M	1.03% 1.5M shares	Q3 2025 Held for 2 months	$2.6B
FORMULA GROWTH LTD Hedge Fund•Long/Short	Randall William Kelly President	0.37% $1.1M	0.10% 152.0K shares	Q3 2025 Held for 2 months	$288.3M

Hedge Fund Spotlight

Discover hedge funds investing in UDMY

J. Goldman & Co LP

Hedge Fund • Multi-Strategy

Portfolio ManagerJay Glenn Goldman

Portfolio Value: $2.6B
Positions: 268
Last Reported: Q3 2025

Sector Allocation

Position in Udemy, Inc.

Market Value: $10.8M
Shares Held: 1.5M
Portfolio Weight: 0.41%
Owned Since: 2025-Q3

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