NEW ORIENTAL ED & TECHNOLOGY EDU
SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060
Provider of private educational services in China
- IndustryServices-Educational Services
- HeadquartersBeijing, People's Republic of China
- Founded1993
- Websiteneworiental.org
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($14.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.19. Options: 13 managers hold calls ($56.4m notional), 12 hold puts ($37.4m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 153 |
| Q4 2022 | 182 |
| Q1 2023 | 176 |
| Q2 2023 | 177 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 96 | 86 |
| Q1 2023 | 85 | 100 |
| Q2 2023 | 84 | 90 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $123.9m | $211.5m | 1.71 |
| Q4 2022 | $129.3m | $300.5m | 2.32 |
| Q1 2023 | $113.9m | $72.4m | 0.64 |
| Q2 2023 | $56.4m | $37.4m | 0.66 |
Biggest buyers
| SCHRODER INVESTMENT MANAGEMENT GROUP | New | +3.3m |
| ALKEON CAPITAL MANAGEMENT LLC | Added | +3.0m |
| Driehaus Capital Management LLC | New | +966.6k |
| WT Asset Management Ltd | Added | +919.7k |
| Aspex Management (HK) Ltd | Added | +512.2k |
| Snow Lake Management LP | New | +500.0k |
| Ninety One UK Ltd | Added | +479.9k |
| Alpine Investment Management Ltd | New | +452.8k |
| Sylebra Capital Ltd | Added | +400.1k |
| OLD MISSION CAPITAL LLC | New | +373.5k |
Biggest sellers
| FMR LLC | Reduced | -3.8m |
| Polunin Capital Partners Ltd | Sold out | -2.4m |
| FengHe Fund Management Pte. Ltd. | Reduced | -2.3m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.4m |
| BAUPOST GROUP LLC/MA | Reduced | -1.3m |
| Tairen Capital Ltd | Sold out | -994.7k |
| Bridgewater Associates, LP | Reduced | -868.9k |
| Carmignac Gestion | Reduced | -822.4k |
| Ariose Capital Management Ltd | Sold out | -629.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -540.4k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $17.2m436.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.4m365.7k shares |
| JANE STREET GROUP, LLC | Reduced | $6.1m154.4k shares |
| CITADEL ADVISORS LLC | Added | $5.0m125.9k shares |
| SIMPLEX TRADING, LLC | Added | $4.3m109.2k shares |
| Capital Markets Trading UK LLP | Reduced | $3.0m75.4k shares |
| WOLVERINE TRADING, LLC | Added | $2.7m68.9k shares |
| Walleye Trading LLC | Added | $2.4m60.5k shares |
| D. E. Shaw & Co., Inc. | New | $699.0k17.7k shares |
| Walleye Capital LLC | New | $315.9k8.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.9m680.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.8m95.6k shares |
| GROUP ONE TRADING LLC | Reduced | $3.0m75.5k shares |
| Capital Markets Trading UK LLP | Added | $1.2m31.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m29.0k shares |
| JANE STREET GROUP, LLC | Reduced | $557.2k14.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $378.8k9.7k shares |
| Cubist Systematic Strategies, LLC | Added | $280.4k7.1k shares |
| Walleye Trading LLC | Reduced | $173.8k4.4k shares |
| Walleye Capital LLC | New | $47.4k1.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| First Beijing Investment Ltd 13G · passive investor filed 2026-05-13 | 10.9% |
| Invesco Ltd. 13G · institution new · filed 2026-05-06 | 5.4% |
Fell to 5% or below in the last year: NORGES BANK (4.8%, 2026-08-12)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Greenwoods Asset Management Hong Kong Ltd. 8.39% of their portfolio | 4.4m $173.5m | Added +92.9k |
| ALKEON CAPITAL MANAGEMENT LLC 1.02% of their portfolio | 4.3m $169.8m | Added +3.0m |
| BAUPOST GROUP LLC/MA 2.90% of their portfolio | 4.1m $162.7m | Reduced -1.3m |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd 28.57% of their portfolio | 4.0m $156.8m | Reduced -800 |
| Yiheng Capital Management, L.P. 11.81% of their portfolio | 3.4m $136.0m | Unchanged |
| FMR LLC 0.01% of their portfolio | 3.4m $135.9m | Reduced -3.8m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio | 3.3m $131.7m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.19% of their portfolio | 3.3m $129.6m | Reduced -107.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.3m $89.1m | Reduced -540.4k |
| MORGAN STANLEY 0.01% of their portfolio | 1.8m $71.6m | Added +126.9k |
| KEYSTONE INVESTORS PTE LTD 11.84% of their portfolio | 1.7m $68.3m | Added +260.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.4m $56.5m | Reduced -1.4m |
| Ninety One UK Ltd 0.15% of their portfolio | 1.3m $53.0m | Added +479.9k |
| Discerene Group LP 6.82% of their portfolio | 1.3m $52.2m | Unchanged |
| Sylebra Capital Ltd 2.09% of their portfolio | 1.3m $51.0m | Added +400.1k |
| WT Asset Management Ltd 15.38% of their portfolio | 1.3m $50.4m | Added +919.7k |
| MARSHALL WACE, LLP 0.10% of their portfolio | 1.2m $47.1m | Reduced -120.4k |
| Driehaus Capital Management LLC 0.48% of their portfolio | 966.6k $38.2m | New |
| TWO SIGMA ADVISERS, LP 0.10% of their portfolio | 964.8k $38.1m | Reduced -500.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.14% of their portfolio | 801.3k $31.6m | Added +327.6k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 717.6k $28.3m | Unchanged |
| Aspex Management (HK) Ltd 0.81% of their portfolio | 707.6k $27.9m | Added +512.2k |
| Blue Creek Capital Management Ltd 22.55% of their portfolio | 692.8k $27.4m | Reduced -110.7k |
| Point72 Hong Kong Ltd 8.09% of their portfolio | 686.9k $27.1m | Added +28.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 679.8k $26.2m | Unchanged |
| Amundi 0.01% of their portfolio | 632.5k $25.2m | Reduced -67.4k |
| Ninety One North America, Inc. 0.90% of their portfolio | 537.5k $21.2m | Added +174.0k |
| Snow Lake Management LP 1.59% of their portfolio | 500.0k $2.0m | New |
| FengHe Fund Management Pte. Ltd. 3.83% of their portfolio | 490.7k $19.4m | Reduced -2.3m |
| Caisse de depot et placement du Quebec 0.05% of their portfolio | 485.0k $19.2m | Added +79.4k |
| Harvest Fund Management Co., Ltd 3.76% of their portfolio | 473.3k $18.7m | Added +65.2k |
| Strategic Vision Investment Ltd 9.20% of their portfolio | 458.5k $18.1m | Reduced -436.5k |
| Alpine Investment Management Ltd 5.26% of their portfolio | 452.8k $17.9m | New |
| 53 HOUSE LLP 5.46% of their portfolio | 449.4k $17.7m | Added +17.0k |
| Perseverance Asset Management International 5.19% of their portfolio | 434.9k $17.2m | Added +191.4k |
| Panview Asian Equity Master Fund 20.88% of their portfolio | 427.0k $16.9m | Added +252.0k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 388.5k $15.4m | Added +17.9k |
| OLD MISSION CAPITAL LLC 0.55% of their portfolio | 373.5k $14.7m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio | 338.4k $13.4m | Added +99.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 334.8k $13.2m | Added +100.8k |
| BlackRock Inc. 0.00% of their portfolio | 269.7k $10.7m | Reduced -6.2k |
| Pinpoint Asset Management Ltd 0.01% of their portfolio | 260.7k $11.9m | Added +210.0k |
| Aubrey Capital Management Ltd 6.56% of their portfolio | 253.1k $10.0m | Reduced -50.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 248.7k $10.6m | Added +177.7k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 226.8k $9.0m | Reduced -371.7k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 226.6k $8.9m | Unchanged |
| ARIEL INVESTMENTS, LLC 0.08% of their portfolio | 216.7k $8.6m | New |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.14% of their portfolio | 184.9k $7.3m | Added +9.1k |
| Carmignac Gestion 0.12% of their portfolio | 182.1k $7.2m | Reduced -822.4k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 177.2k $6.9m | Reduced -56.5k |
| UBS Group AG 0.00% of their portfolio | 173.6k $6.9m | Reduced -46.0k |
| Quadrature Capital Ltd 0.14% of their portfolio | 157.0k $6.2m | Reduced -44.9k |
| Capricorn Fund Managers Ltd 2.16% of their portfolio | 152.6k $6.0m | New |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 142.4k $5.6m | Added +81.8k |
| Legal & General Group Plc 0.00% of their portfolio | 141.7k $5.6m | Added +21.4k |
| Verition Fund Management LLC 0.09% of their portfolio | 141.3k $5.6m | Added +31.7k |
| SELDON CAPITAL LP 5.87% of their portfolio | 138.9k $5.5m | Reduced -138.9k |
| BARCLAYS PLC 0.00% of their portfolio | 138.7k $5.5m | Reduced -357.7k |
| NOMURA HOLDINGS INC 0.05% of their portfolio | 131.3k $5.2m | Added +15.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 128.0k $5.1m | Reduced -169.6k |
| TB Alternative Assets Ltd. 1.15% of their portfolio | 117.1k $4.6m | Reduced -11.9k |
| Ovata Capital Management Ltd 5.96% of their portfolio | 115.3k $4.5m | New |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 109.6k $4.3m | Added +45.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 106.1k $4.2m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 99.7k $3.9m | Added +17.5k |
| Invesco Ltd. 0.00% of their portfolio | 97.6k $3.9m | Reduced -31.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 88.9k $3.5m | Reduced -38.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 83.7k $3.3m | New |
| Handelsbanken Fonder AB 0.02% of their portfolio | 80.4k $3.2m | Reduced -1.5k |
| Taikang Asset Management (Hong Kong) Co Ltd 0.74% of their portfolio | 80.0k $24.8k | New |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 80.0k $3.2m | Reduced -77.5k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 79.1k $3.1m | Reduced -84.4k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 77.2k $3.0m | Added +6.7k |
| KADENSA CAPITAL Ltd 0.52% of their portfolio | 75.2k $3.0m | New |
| Trexquant Investment LP 0.08% of their portfolio | 74.7k $3.0m | Reduced -4.3k |
| Swedbank AB 0.01% of their portfolio | 73.9k $2.9m | Unchanged |
| Dorsey Wright & Associates 0.69% of their portfolio | 58.1k $2.3m | Reduced -5.6k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 56.7k $2.2m | New |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 49.8k $2.0m | Added +27.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 49.2k $1.9m | Added +20.0k |
| Prescott Group Capital Management, L.L.C. 0.39% of their portfolio | 45.0k $1.8m | Added +7.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 44.9k $1.8m | Added +29.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 43.8k $1.7m | Reduced -193.0k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 43.2k $1.7m | Unchanged |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 42.4k $1.7m | New |
| Aperture Investors, LLC 0.20% of their portfolio | 41.6k $1.6m | Reduced -9.3k |
| Bridgewater Associates, LP 0.01% of their portfolio | 36.4k $1.4m | Reduced -868.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 33.0k $1.3m | Reduced -1.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 29.8k $1.2m | Reduced -272.9k |
| Ergoteles LLC 0.06% of their portfolio | 29.5k $1.2m | Reduced -2.9k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 28.9k $1.1m | Added +537 |
| JACOB ASSET MANAGEMENT OF NEW YORK LLC 1.27% of their portfolio | 28.5k $1.1m | Added +3.5k |
| CITIGROUP INC 0.00% of their portfolio | 27.5k $1.1m | Added +18.8k |
| UG Investment Advisers Ltd. 0.57% of their portfolio | 26.8k $1.1m | Unchanged |
| OPTIMAS CAPITAL Ltd 1.09% of their portfolio | 23.8k $939.9k | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 22.1k $872.5k | Reduced -1.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 22.0k $867.5k | Added +6 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 21.9k $862.9k | Reduced -401.8k |
| XY Capital Ltd 1.64% of their portfolio | 21.6k $853.0k | New |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 20.5k $792.0k | Unchanged |