| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Caledonia (Private) Investments Pty Ltd | 9.5% | $97,852,008 | 13,958,917 | Caledonia (Private) Investments Pty Limited | 30 Sep 2025 | |||
| VANGUARD GROUP INC | 7.2% | $72,083,894 | 10,663,298 | The Vanguard Group | 31 Mar 2025 |
As of 31 Dec 2025, 179 institutional investors reported holding 126,750,060 shares of Udemy, Inc. - Common Stock, par value $0.00001 (UDMY). This represents 87% of the company’s total 146,319,885 outstanding shares.
The largest institutional shareholders of Udemy, Inc. - Common Stock, par value $0.00001 (UDMY) together control 76% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Insight Holdings Group, LLC | 26% | 38,032,260 | 0% | 17% | $222,488,721 |
| Caledonia (Private) Investments Pty Ltd | 9.2% | 13,465,240 | -3.5% | 1.5% | $78,771,654 |
| VANGUARD GROUP INC | 6.3% | 9,153,668 | -23% | 0% | $53,548,958 |
| BlackRock, Inc. | 5% | 7,289,070 | -1.2% | 0% | $42,641,059 |
| CYPRESS POINT INVESTMENT MANAGEMENT LP | 3% | 4,377,766 | 0% | 5.5% | $25,555,272 |
| J. Goldman & Co LP | 2.9% | 4,243,340 | +175% | 0.96% | $24,823,539 |
| Assenagon Asset Management S.A. | 2.9% | 4,186,547 | -6.4% | 0.04% | $24,491,300 |
| WESTERLY CAPITAL MANAGEMENT, LLC | 2.7% | 4,000,000 | +77% | 7% | $23,400,000 |
| MAK CAPITAL ONE LLC | 2.6% | 3,769,762 | 3% | $22,053,108 | |
| Sea Cliff Partners Management, LP | 2.2% | 3,193,686 | +7.4% | 7.9% | $18,683,063 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.6% | 2,280,339 | -4.4% | 0% | $13,342,327 |
| STATE STREET CORP | 1.4% | 2,056,404 | -5.6% | 0% | $12,029,963 |
| D. E. Shaw & Co., Inc. | 1.3% | 1,866,263 | +79% | 0.01% | $10,917,638 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1% | 1,487,535 | -24% | 0.01% | $8,702,080 |
| ALGERT GLOBAL LLC | 0.9% | 1,322,969 | +197% | 0.12% | $7,739,000 |
| UBS Group AG | 0.9% | 1,321,756 | -26% | 0% | $7,732,273 |
| GOLDMAN SACHS GROUP INC | 0.86% | 1,259,701 | +80% | 0% | $7,369,251 |
| Allianz Asset Management GmbH | 0.84% | 1,234,200 | 0.01% | $7,220,070 | |
| SOROS FUND MANAGEMENT LLC | 0.75% | 1,100,000 | 0.09% | $6,435,000 | |
| AQR Arbitrage LLC | 0.67% | 976,843 | 0.12% | $5,714,532 | |
| DIMENSIONAL FUND ADVISORS LP | 0.58% | 850,324 | +233% | 0% | $4,974,021 |
| ALLIANCEBERNSTEIN L.P. | 0.58% | 847,945 | +105% | 0% | $4,960,478 |
| NORTHERN TRUST CORP | 0.54% | 792,936 | -6.5% | 0% | $4,638,676 |
| AQR CAPITAL MANAGEMENT LLC | 0.5% | 727,177 | -11% | 0% | $4,253,986 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.49% | 720,473 | -23% | 0% | $4,214,767 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 126,750,060 | $741,298,173 | -$19,118,199 | $5.85 | 179 |
| 2025 Q3 | 127,863,727 | $896,309,597 | +$26,057,509 | $7.01 | 188 |
| 2025 Q2 | 124,089,637 | $872,351,785 | +$11,778,129 | $7.03 | 179 |
| 2025 Q1 | 122,263,064 | $948,744,408 | -$11,679,779 | $7.76 | 163 |
| 2024 Q4 | 123,345,766 | $1,015,183,328 | -$3,377,215 | $8.23 | 165 |
| 2024 Q3 | 125,382,196 | $932,747,427 | -$23,847,404 | $7.44 | 137 |
| 2024 Q2 | 127,967,124 | $1,104,360,166 | +$30,064,668 | $8.63 | 133 |
| 2024 Q1 | 124,588,116 | $1,367,766,376 | -$26,683,323 | $10.98 | 138 |
| 2023 Q4 | 108,638,776 | $1,599,796,821 | +$51,290,526 | $14.73 | 172 |
| 2023 Q3 | 119,076,301 | $1,131,126,779 | +$29,014,087 | $9.50 | 107 |
| 2023 Q2 | 115,885,449 | $1,243,440,919 | +$66,773,850 | $10.73 | 102 |
| 2023 Q1 | 109,948,538 | $974,634,161 | +$18,150,917 | $8.83 | 100 |
| 2022 Q4 | 107,959,902 | $1,139,087,495 | +$38,612,640 | $10.55 | 104 |
| 2022 Q3 | 104,187,737 | $1,259,640,089 | +$13,962,408 | $12.09 | 93 |
| 2022 Q2 | 103,076,652 | $1,052,440,533 | +$77,870,933 | $10.21 | 84 |
| 2022 Q1 | 94,954,902 | $1,183,158,230 | -$28,056,845 | $12.46 | 66 |
| 2021 Q4 | 95,584,861 | $1,867,499,196 | +$1,194,152,253 | $19.54 | 68 |