Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

177 institutional holders +1 vs Q1 2023
62,986,14263.0m shares reported held*
$2.5bnreported value*
31 new 53 added 59 reduced 31 sold out net sold ≈ $284.0m (-6.9m shares)

* 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

0100200Q3 22: 153Q4 22: 182Q1 23: 176Q2 23: 177177Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022153
Q4 2022182
Q1 2023176
Q2 2023177

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 96 bought or addedQ4 22: 86 cut or sold outQ4 22Q1 23: 85 bought or addedQ1 23: 100 cut or sold outQ1 23Q2 23: 84 bought or addedQ2 23: 90 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229686
Q1 202385100
Q2 20238490

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300m$400mQ3 22 calls: $123.9mQ3 22 puts: $211.5mQ3 22P/C 1.71Q4 22 calls: $129.3mQ4 22 puts: $300.5mQ4 22P/C 2.32Q1 23 calls: $113.9mQ1 23 puts: $72.4mQ1 23P/C 0.64Q2 23 calls: $56.4mQ2 23 puts: $37.4mQ2 23P/C 0.66
Numbers
QuarterCallsPutsP/C
Q3 2022$123.9m$211.5m1.71
Q4 2022$129.3m$300.5m2.32
Q1 2023$113.9m$72.4m0.64
Q2 2023$56.4m$37.4m0.66

Biggest buyers

SCHRODER INVESTMENT MANAGEMENT GROUP New +3,334,393+3.3m
ALKEON CAPITAL MANAGEMENT LLC Added +3,030,209+3.0m
Driehaus Capital Management LLC New +966,640+966.6k
WT Asset Management Ltd Added +919,729+919.7k
Aspex Management (HK) Ltd Added +512,242+512.2k
Snow Lake Management LP New +500,000+500.0k
Ninety One UK Ltd Added +479,860+479.9k
Alpine Investment Management Ltd New +452,766+452.8k
Sylebra Capital Ltd Added +400,135+400.1k
OLD MISSION CAPITAL LLC New +373,504+373.5k

Biggest sellers

FMR LLC Reduced -3,807,126-3.8m
Polunin Capital Partners Ltd Sold out -2,352,118-2.4m
FengHe Fund Management Pte. Ltd. Reduced -2,332,923-2.3m
GOLDMAN SACHS GROUP INC Reduced -1,396,698-1.4m
BAUPOST GROUP LLC/MA Reduced -1,300,000-1.3m
Tairen Capital Ltd Sold out -994,694-994.7k
Bridgewater Associates, LP Reduced -868,857-868.9k
Carmignac Gestion Reduced -822,356-822.4k
Ariose Capital Management Ltd Sold out -629,055-629.1k
BANK OF AMERICA CORP /DE/ Reduced -540,401-540.4k

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.

HolderStakeChangeShares Last filed
First Beijing Investment Ltd 13G · passive investor filed 2026-05-13 10.9% 171.7m 2026-05-13
Invesco Ltd. 13G · institution new · filed 2026-05-06 5.4% new 85.4m 2026-05-06

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Greenwoods Asset Management Hong Kong Ltd. 8.39% of their portfolio HONG KONG, K3 4,393,5944.4m $173.5m $173.5m 8.39% Added +92.9k +92,900
2 ALKEON CAPITAL MANAGEMENT LLC 1.02% of their portfolio New York, NY 4,300,5814.3m $169.8m $169.8m 1.02% Added +3.0m +3,030,209
3 BAUPOST GROUP LLC/MA 2.90% of their portfolio BOSTON, MA 4,118,7844.1m $162.7m $162.7m 2.90% Reduced -1.3m -1,300,000
4 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 28.57% of their portfolio HONG KONG, K3 3,971,8404.0m $156.8m $156.8m 28.57% Reduced -800 -800
5 Yiheng Capital Management, L.P. 11.81% of their portfolio SAN FRANCISCO, CA 3,442,6663.4m $136.0m $136.0m 11.81% Unchanged
6 FMR LLC 0.01% of their portfolio BOSTON, MA 3,442,2463.4m $135.9m $135.9m 0.01% Reduced -3.8m -3,807,126
7 SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio London, X0 3,334,3933.3m $131.7m $131.7m 0.19% New
8 RENAISSANCE TECHNOLOGIES LLC 0.19% of their portfolio NEW YORK, NY 3,282,7543.3m $129.6m $129.6m 0.19% Reduced -107.0k -107,000
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,256,1952.3m $89.1m $89.1m 0.01% Reduced -540.4k -540,401
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,811,8741.8m $71.6m $71.6m 0.01% Added +126.9k +126,924
11 KEYSTONE INVESTORS PTE LTD 11.84% of their portfolio SINGAPORE, U0 1,728,5591.7m $68.3m $68.3m 11.84% Added +260.8k +260,810
12 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,431,4581.4m $56.5m $56.5m 0.01% Reduced -1.4m -1,396,698
13 Ninety One UK Ltd 0.15% of their portfolio London, X0 1,343,2301.3m $53.0m $53.0m 0.15% Added +479.9k +479,860
14 Discerene Group LP 6.82% of their portfolio STAMFORD, CT 1,320,7661.3m $52.2m $52.2m 6.82% Unchanged
15 Sylebra Capital Ltd 2.09% of their portfolio HONG KONG, K3 1,291,6041.3m $51.0m $51.0m 2.09% Added +400.1k +400,135
16 WT Asset Management Ltd 15.38% of their portfolio HONG KONG, K3 1,275,6931.3m $50.4m $50.4m 15.38% Added +919.7k +919,729
17 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 1,193,3041.2m $47.1m $47.1m 0.10% Reduced -120.4k -120,374
18 Driehaus Capital Management LLC 0.48% of their portfolio Chicago, IL 966,640966.6k $38.2m $38.2m 0.48% New
19 TWO SIGMA ADVISERS, LP 0.10% of their portfolio NEW YORK, NY 964,811964.8k $38.1m $38.1m 0.10% Reduced -500.5k -500,458
20 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.14% of their portfolio TORONTO, A6 801,300801.3k $31.6m $31.6m 0.14% Added +327.6k +327,600
21 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 717,610717.6k $28.3m $28.3m 0.03% Unchanged
22 Aspex Management (HK) Ltd 0.81% of their portfolio CENTRAL, K3 707,606707.6k $27.9m $27.9m 0.81% Added +512.2k +512,242
23 Blue Creek Capital Management Ltd 22.55% of their portfolio HONG KONG, K3 692,773692.8k $27.4m $27.4m 22.55% Reduced -110.7k -110,712
24 Point72 Hong Kong Ltd 8.09% of their portfolio HONG KONG, K3 686,854686.9k $27.1m $27.1m 8.09% Added +28.6k +28,638
25 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 679,814679.8k $26.2m $26.2m 0.01% Unchanged
26 Amundi 0.01% of their portfolio Paris, I0 632,538632.5k $25.2m $25.2m 0.01% Reduced -67.4k -67,395
27 Ninety One North America, Inc. 0.90% of their portfolio New York, NY 537,468537.5k $21.2m $21.2m 0.90% Added +174.0k +173,951
28 Snow Lake Management LP 1.59% of their portfolio Menlo Park, CA 500,000500.0k $2.0m $2.0m 1.59% New
29 FengHe Fund Management Pte. Ltd. 3.83% of their portfolio Singapore, U0 490,745490.7k $19.4m $19.4m 3.83% Reduced -2.3m -2,332,923
30 Caisse de depot et placement du Quebec 0.05% of their portfolio Montreal, A8 484,952485.0k $19.2m $19.2m 0.05% Added +79.4k +79,400
31 Harvest Fund Management Co., Ltd 3.76% of their portfolio BEIJING, F4 473,304473.3k $18.7m $18.7m 3.76% Added +65.2k +65,229
32 Strategic Vision Investment Ltd 9.20% of their portfolio Hong Kong, K3 458,500458.5k $18.1m $18.1m 9.20% Reduced -436.5k -436,539
33 Alpine Investment Management Ltd 5.26% of their portfolio HONG KONG, K3 452,766452.8k $17.9m $17.9m 5.26% New
34 53 HOUSE LLP 5.46% of their portfolio LONDON, X0 449,412449.4k $17.7m $17.7m 5.46% Added +17.0k +16,990
35 Perseverance Asset Management International 5.19% of their portfolio GEORGE TOWN, E9 434,950434.9k $17.2m $17.2m 5.19% Added +191.4k +191,446
36 Panview Asian Equity Master Fund 20.88% of their portfolio CENTRAL, K3 427,000427.0k $16.9m $16.9m 20.88% Added +252.0k +252,000
37 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 388,537388.5k $15.4m $15.4m 0.02% Added +17.9k +17,938
38 OLD MISSION CAPITAL LLC 0.55% of their portfolio CHICAGO, IL 373,504373.5k $14.7m $14.7m 0.55% New
39 Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio VANCOUVER, A1 338,356338.4k $13.4m $13.4m 0.07% Added +99.2k +99,198
40 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio JUPITER, FL 334,836334.8k $13.2m $13.2m 0.06% Added +100.8k +100,781
41 BlackRock Inc. 0.00% of their portfolio New York, NY 269,720269.7k $10.7m $10.7m 0.00% Reduced -6.2k -6,229
42 Pinpoint Asset Management Ltd 0.01% of their portfolio HONG KONG, K3 260,719260.7k $11.9m $11.9m 0.01% Added +210.0k +209,951
43 Aubrey Capital Management Ltd 6.56% of their portfolio EDINBURGH, X0 253,056253.1k $10.0m $10.0m 6.56% Reduced -50.7k -50,744
44 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 248,678248.7k $10.6m $10.6m 0.00% Added +177.7k +177,704
45 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 226,800226.8k $9.0m $9.0m 0.03% Reduced -371.7k -371,681
46 Robeco Institutional Asset Management B.V. 0.02% of their portfolio ROTTERDAM, P7 226,603226.6k $8.9m $8.9m 0.02% Unchanged
47 ARIEL INVESTMENTS, LLC 0.08% of their portfolio CHICAGO, IL 216,727216.7k $8.6m $8.6m 0.08% New
48 EDMOND DE ROTHSCHILD HOLDING S.A. 0.14% of their portfolio CHAMBESY, V8 184,851184.9k $7.3m $7.3m 0.14% Added +9.1k +9,100
49 Carmignac Gestion 0.12% of their portfolio PARIS, I0 182,105182.1k $7.2m $7.2m 0.12% Reduced -822.4k -822,356
50 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 177,151177.2k $6.9m $6.9m 0.01% Reduced -56.5k -56,545
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 173,603173.6k $6.9m $6.9m 0.00% Reduced -46.0k -46,024
52 Quadrature Capital Ltd 0.14% of their portfolio LONDON, X0 156,963157.0k $6.2m $6.2m 0.14% Reduced -44.9k -44,877
53 Capricorn Fund Managers Ltd 2.16% of their portfolio LONDON, X0 152,630152.6k $6.0m $6.0m 2.16% New
54 Cubist Systematic Strategies, LLC 0.06% of their portfolio STAMFORD, CT 142,427142.4k $5.6m $5.6m 0.06% Added +81.8k +81,777
55 Legal & General Group Plc 0.00% of their portfolio London, X0 141,718141.7k $5.6m $5.6m 0.00% Added +21.4k +21,384
56 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 141,306141.3k $5.6m $5.6m 0.09% Added +31.7k +31,719
57 SELDON CAPITAL LP 5.87% of their portfolio SAN FRANCISCO, CA 138,943138.9k $5.5m $5.5m 5.87% Reduced -138.9k -138,943
58 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 138,741138.7k $5.5m $5.5m 0.00% Reduced -357.7k -357,655
59 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 131,284131.3k $5.2m $5.2m 0.05% Added +15.8k +15,840
60 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 127,950128.0k $5.1m $5.1m 0.01% Reduced -169.6k -169,613
61 TB Alternative Assets Ltd. 1.15% of their portfolio HONG KONG, K3 117,100117.1k $4.6m $4.6m 1.15% Reduced -11.9k -11,900
62 Ovata Capital Management Ltd 5.96% of their portfolio HONG KONG, K3 115,326115.3k $4.5m $4.5m 5.96% New
63 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 109,592109.6k $4.3m $4.3m 0.02% Added +45.7k +45,741
64 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 106,111106.1k $4.2m $4.2m 0.00% Unchanged
65 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 99,69099.7k $3.9m $3.9m 0.00% Added +17.5k +17,534
66 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 97,57197.6k $3.9m $3.9m 0.00% Reduced -31.0k -31,041
67 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 88,92788.9k $3.5m $3.5m 0.01% Reduced -38.9k -38,901
68 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 83,70483.7k $3.3m $3.3m 0.00% New
69 Handelsbanken Fonder AB 0.02% of their portfolio STOCKHOLM, V7 80,40080.4k $3.2m $3.2m 0.02% Reduced -1.5k -1,500
70 Taikang Asset Management (Hong Kong) Co Ltd 0.74% of their portfolio HONG KONG, K3 80,00080.0k $24.8k $24.8k 0.74% New
71 STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio LYSAKER, Q8 79,98880.0k $3.2m $3.2m 0.01% Reduced -77.5k -77,460
72 CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio PARIS, I0 79,14179.1k $3.1m $3.1m 0.05% Reduced -84.4k -84,359
73 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 77,17777.2k $3.0m $3.0m 0.00% Added +6.7k +6,695
74 KADENSA CAPITAL Ltd 0.52% of their portfolio CENTRAL, K3 75,24075.2k $3.0m $3.0m 0.52% New
75 Trexquant Investment LP 0.08% of their portfolio STAMFORD, CT 74,74474.7k $3.0m $3.0m 0.08% Reduced -4.3k -4,345
76 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 73,87773.9k $2.9m $2.9m 0.01% Unchanged
77 Dorsey Wright & Associates 0.69% of their portfolio PASADENA, CA 58,11658.1k $2.3m $2.3m 0.69% Reduced -5.6k -5,564
78 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 56,69656.7k $2.2m $2.2m 0.00% New
79 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 49,78849.8k $2.0m $2.0m 0.00% Added +27.6k +27,640
80 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 49,21349.2k $1.9m $1.9m 0.00% Added +20.0k +19,953
81 Prescott Group Capital Management, L.L.C. 0.39% of their portfolio Tulsa, OK 45,00045.0k $1.8m $1.8m 0.39% Added +7.0k +7,000
82 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 44,93444.9k $1.8m $1.8m 0.00% Added +29.9k +29,910
83 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 43,80043.8k $1.7m $1.7m 0.00% Reduced -193.0k -193,013
84 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 43,21343.2k $1.7m $1.7m 0.00% Unchanged
85 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 42,37942.4k $1.7m $1.7m 0.02% New
86 Aperture Investors, LLC 0.20% of their portfolio New York, NY 41,61641.6k $1.6m $1.6m 0.20% Reduced -9.3k -9,343
87 Bridgewater Associates, LP 0.01% of their portfolio Westport, CT 36,36836.4k $1.4m $1.4m 0.01% Reduced -868.9k -868,857
88 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 33,01733.0k $1.3m $1.3m 0.00% Reduced -1.4k -1,449
89 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 29,78129.8k $1.2m $1.2m 0.00% Reduced -272.9k -272,932
90 Ergoteles LLC 0.06% of their portfolio NEW YORK, NY 29,51229.5k $1.2m $1.2m 0.06% Reduced -2.9k -2,924
91 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 28,92128.9k $1.1m $1.1m 0.00% Added +537 +537
92 JACOB ASSET MANAGEMENT OF NEW YORK LLC 1.27% of their portfolio HERMOSA BEACH, CA 28,52828.5k $1.1m $1.1m 1.27% Added +3.5k +3,468
93 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 27,46527.5k $1.1m $1.1m 0.00% Added +18.8k +18,780
94 UG Investment Advisers Ltd. 0.57% of their portfolio SINGAPORE, U0 26,78726.8k $1.1m $1.1m 0.57% Unchanged
95 OPTIMAS CAPITAL Ltd 1.09% of their portfolio CENTRAL, K3 23,80023.8k $939.9k $939.9k 1.09% New
96 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 22,09422.1k $872.5k $872.5k 0.00% Reduced -1.3k -1,345
97 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 21,96722.0k $867.5k $867.5k 0.00% Added +6 +6
98 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 21,85221.9k $862.9k $862.9k 0.00% Reduced -401.8k -401,758
99 XY Capital Ltd 1.64% of their portfolio CENTRAL, K3 21,60021.6k $853.0k $853.0k 1.64% New
100 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 20,50020.5k $792.0k $792.0k 0.00% Unchanged