Следуйте комментариям, написанным внутри кода.
SQL> with test (x, y) as
2 -- your sample table
3 (select 1, 'ab' from dual union all
4 select 2, 'ab,cd' from dual union all
5 select 3, 'cd,ef' from dual union all
6 select 4, 'ab,ef,gh,yu' from dual union all
7 select 5, 'de,ef,rt' from dual
8 ),
9 srch (val) as
10 -- a search string, which is to be compared to the sample table's Y column values
11 (select 'ab,cd,ef' from dual),
12 --
13 srch_rows as
14 -- split search string into rows
15 (select regexp_substr(val, '[^,]+', 1, level) val
16 from srch
17 connect by level <= regexp_count(val, ',') + 1
18 ),
19 test_rows as
20 -- split sample values into rows
21 (select x,
22 regexp_substr(y, '[^,]+', 1, column_value) y
23 from test,
24 table(cast(multiset(select level from dual
25 connect by level <= regexp_count(y, ',') + 1
26 ) as sys.odcinumberlist))
27 )
28 -- the final result
29 select t.x, listagg(t.y, ',') within group (order by t.y) result
30 from test_rows t join srch_rows s on s.val = t.y
31 group by t.x
32 order by t.x;
X RESULT
---------- --------------------
1 ab
2 ab,cd
3 cd,ef
4 ab,ef
5 ef
SQL>