Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

189 institutional holders +12 vs Q2 2023
61,795,49361.8m shares reported held*
$3.6bnreported value*
38 new 56 added 64 reduced 27 sold out net sold ≈ $112.4m (-2.5m 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 ($8.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.69. Options: 15 managers hold calls ($87.9m notional), 15 hold puts ($63.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 153Q4 22: 182Q1 23: 176Q2 23: 177Q3 23: 189189Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022153
Q4 2022182
Q1 2023176
Q2 2023177
Q3 2023189

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 23Q3 23: 94 bought or addedQ3 23: 91 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229686
Q1 202385100
Q2 20238490
Q3 20239491

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ4 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 0.66Q3 23 calls: $87.9mQ3 23 puts: $63.4mQ3 23P/C 0.72
Numbers
QuarterCallsPutsP/C
Q4 2022$129.3m$300.5m2.32
Q1 2023$113.9m$72.4m0.64
Q2 2023$56.4m$37.4m0.66
Q3 2023$87.9m$63.4m0.72

Biggest buyers

FMR LLC Added +3,189,254+3.2m
BlackRock Inc. Added +2,190,160+2.2m
Cederberg Capital Ltd New +1,392,700+1.4m
FIL Ltd New +821,715+821.7k
SCHRODER INVESTMENT MANAGEMENT GROUP Added +760,062+760.1k
WT Asset Management Ltd Added +623,435+623.4k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +469,021+469.0k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +362,772+362.8k
CITADEL ADVISORS LLC New +326,756+326.8k
RENAISSANCE TECHNOLOGIES LLC Added +322,032+322.0k

Biggest sellers

BAUPOST GROUP LLC/MA Reduced -3,095,512-3.1m
Greenwoods Asset Management Hong Kong Ltd. Reduced -2,298,706-2.3m
KEYWISE CAPITAL MANAGEMENT (HK) Ltd Reduced -1,531,200-1.5m
Yiheng Capital Management, L.P. Reduced -1,376,242-1.4m
Aspex Management (HK) Ltd Sold out -707,606-707.6k
Snow Lake Management LP Sold out -500,000-500.0k
FengHe Fund Management Pte. Ltd. Sold out -490,745-490.7k
BANK OF AMERICA CORP /DE/ Reduced -484,770-484.8k
Alpine Investment Management Ltd Sold out -452,766-452.8k
MARSHALL WACE, LLP Reduced -407,688-407.7k

Biggest calls

GROUP ONE TRADING LLC Reduced $25.0m426.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $23.4m399.6k shares
JANE STREET GROUP, LLC Reduced $6.6m108.1k shares
CITADEL ADVISORS LLC Reduced $6.3m108.1k shares
Squarepoint Ops LLC New $6.1m104.9k shares
SIMPLEX TRADING, LLC Reduced $6.0m103.0k shares
WOLVERINE TRADING, LLC Added $5.0m84.6k shares
GTS SECURITIES LLC New $4.6m78.6k shares
D. E. Shaw & Co., Inc. Added $1.8m30.0k shares
Walleye Trading LLC Reduced $1.5m25.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $33.4m570.0k shares
GROUP ONE TRADING LLC Added $7.1m121.7k shares
SIMPLEX TRADING, LLC Added $6.9m117.6k shares
Walleye Capital LLC Added $3.6m61.3k shares
Capital Markets Trading UK LLP Added $2.7m45.5k shares
JANE STREET GROUP, LLC Added $2.4m39.6k shares
GTS SECURITIES LLC New $2.1m36.3k shares
CITADEL ADVISORS LLC Added $1.7m29.1k shares
Walleye Trading LLC Added $1.4m24.3k shares
WOLVERINE TRADING, LLC Added $860.7k14.7k 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 Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.03% of their portfolio BOSTON, MA 6,631,5006.6m $388.3m $388.3m 0.03% Added +3.2m +3,189,254
2 SCHRODER INVESTMENT MANAGEMENT GROUP 0.36% of their portfolio London, X0 4,094,4554.1m $239.7m $239.7m 0.36% Added +760.1k +760,062
3 ALKEON CAPITAL MANAGEMENT LLC 1.47% of their portfolio New York, NY 3,969,5814.0m $232.4m $232.4m 1.47% Reduced -331.0k -331,000
4 RENAISSANCE TECHNOLOGIES LLC 0.36% of their portfolio NEW YORK, NY 3,604,7863.6m $211.1m $211.1m 0.36% Added +322.0k +322,032
5 BlackRock Inc. 0.00% of their portfolio New York, NY 2,459,8802.5m $144.0m $144.0m 0.00% Added +2.2m +2,190,160
6 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 23.66% of their portfolio HONG KONG, K3 2,440,6402.4m $142.9m $142.9m 23.66% Reduced -1.5m -1,531,200
7 Greenwoods Asset Management Hong Kong Ltd. 4.81% of their portfolio HONG KONG, K3 2,094,8882.1m $122.7m $122.7m 4.81% Reduced -2.3m -2,298,706
8 Yiheng Capital Management, L.P. 10.93% of their portfolio SAN FRANCISCO, CA 2,066,4242.1m $121.0m $121.0m 10.93% Reduced -1.4m -1,376,242
9 WT Asset Management Ltd 12.35% of their portfolio HONG KONG, K3 1,899,1281.9m $111.2m $111.2m 12.35% Added +623.4k +623,435
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,898,5901.9m $111.2m $111.2m 0.01% Added +86.7k +86,716
11 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,771,4251.8m $103.7m $103.7m 0.01% Reduced -484.8k -484,770
12 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,728,2861.7m $101.2m $101.2m 0.03% Added +296.8k +296,828
13 KEYSTONE INVESTORS PTE LTD 9.85% of their portfolio SINGAPORE, U0 1,413,6731.4m $82.8m $82.8m 9.85% Reduced -314.9k -314,886
14 Cederberg Capital Ltd 22.84% of their portfolio LONDON, X0 1,392,7001.4m $81.5m $81.5m 22.84% New
15 Discerene Group LP 9.51% of their portfolio STAMFORD, CT 1,320,7661.3m $77.3m $77.3m 9.51% Unchanged
16 Ninety One UK Ltd 0.21% of their portfolio London, X0 1,157,0331.2m $67.7m $67.7m 0.21% Reduced -186.2k -186,197
17 Sylebra Capital Ltd 3.40% of their portfolio HONG KONG, K3 1,091,9651.1m $63.9m $63.9m 3.40% Reduced -199.6k -199,639
18 SYLEBRA CAPITAL LLC 3.40% of their portfolio PALO ALTO, CA 1,091,9651.1m $63.9m $63.9m 3.40% First filing
19 Driehaus Capital Management LLC 0.82% of their portfolio Chicago, IL 1,073,5711.1m $62.9m $62.9m 0.82% Added +106.9k +106,931
20 BAUPOST GROUP LLC/MA 1.15% of their portfolio BOSTON, MA 1,023,2721.0m $59.9m $59.9m 1.15% Reduced -3.1m -3,095,512
21 FIL Ltd 0.06% of their portfolio HAMILTON, D0 821,715821.7k $48.1m $48.1m 0.06% New
22 TWO SIGMA ADVISERS, LP 0.12% of their portfolio NEW YORK, NY 814,369814.4k $47.7m $47.7m 0.12% Reduced -150.4k -150,442
23 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 785,616785.6k $46.0m $46.0m 0.10% Reduced -407.7k -407,688
24 MACQUARIE GROUP LTD 0.05% of their portfolio Sydney, NSW 2000, C3 717,696717.7k $42.0m $42.0m 0.05% Added +86 +86
25 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 679,814679.8k $39.8m $39.8m 0.02% Unchanged
26 Amundi 0.02% of their portfolio Paris, I0 666,478666.5k $41.6m $41.6m 0.02% Added +33.9k +33,940
27 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.18% of their portfolio TORONTO, A6 666,400666.4k $39.0m $39.0m 0.18% Reduced -134.9k -134,900
28 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 552,725552.7k $32.4m $32.4m 0.04% Added +469.0k +469,021
29 Ninety One North America, Inc. 1.53% of their portfolio New York, NY 532,405532.4k $31.2m $31.2m 1.53% Reduced -5.1k -5,063
30 53 HOUSE LLP 7.01% of their portfolio LONDON, X0 477,427477.4k $28.0m $28.0m 7.01% Added +28.0k +28,015
31 Caisse de depot et placement du Quebec 0.08% of their portfolio Montreal, A8 464,360464.4k $27.2m $27.2m 0.08% Reduced -20.6k -20,592
32 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 443,155443.2k $25.9m $25.9m 0.03% Added +315.2k +315,205
33 Point72 Hong Kong Ltd 6.93% of their portfolio HONG KONG, K3 424,842424.8k $24.9m $24.9m 6.93% Reduced -262.0k -262,012
34 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio JUPITER, FL 399,743399.7k $23.4m $23.4m 0.12% Added +64.9k +64,907
35 Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio VANCOUVER, A1 394,365394.4k $23.1m $23.1m 0.12% Added +56.0k +56,009
36 Blue Creek Capital Management Ltd 17.63% of their portfolio HONG KONG, K3 387,246387.2k $22.7m $22.7m 17.63% Reduced -305.5k -305,527
37 Harvest Fund Management Co., Ltd 3.88% of their portfolio BEIJING, F4 379,304379.3k $22.2m $22.2m 3.88% Reduced -94.0k -94,000
38 Panview Asian Equity Master Fund 32.38% of their portfolio CENTRAL, K3 367,972368.0k $21.5m $21.5m 32.38% Reduced -59.0k -59,028
39 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio Paris, I0 362,772362.8k $21.2m $21.2m 0.07% New
40 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 326,756326.8k $19.1m $19.1m 0.02% New
41 Aubrey Capital Management Ltd 9.97% of their portfolio EDINBURGH, X0 299,856299.9k $17.4m $17.4m 9.97% Added +46.8k +46,800
42 COATUE MANAGEMENT LLC 0.09% of their portfolio New York, NY 288,126288.1k $16.9m $16.9m 0.09% New
43 Hel Ved Capital Management Ltd 4.74% of their portfolio CENTRAL, K3 242,600242.6k $14.2m $14.2m 4.74% New
44 Pinpoint Asset Management Ltd 4.34% of their portfolio HONG KONG, K3 232,530232.5k $18.5m $18.5m 4.34% Reduced -28.2k -28,189
45 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 230,893230.9k $13.5m $13.5m 0.04% Added +121.3k +121,301
46 Robeco Institutional Asset Management B.V. 0.03% of their portfolio ROTTERDAM, P7 211,227211.2k $12.4m $12.4m 0.03% Reduced -15.4k -15,376
47 Verition Fund Management LLC 0.16% of their portfolio GREENWICH, CT 206,531206.5k $12.1m $12.1m 0.16% Added +65.2k +65,225
48 Carrhae Capital LLP 4.02% of their portfolio London, X0 199,498199.5k $11.7m $11.7m 4.02% New
49 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 190,150190.2k $11.1m $11.1m 0.01% Added +140.9k +140,937
50 Quadrature Capital Ltd 0.18% of their portfolio LONDON, X0 153,145153.1k $9.0m $9.0m 0.18% Reduced -3.8k -3,818
51 NOMURA HOLDINGS INC 0.09% of their portfolio TOKYO, M0 146,546146.5k $8.6m $8.6m 0.09% Added +15.3k +15,262
52 EDMOND DE ROTHSCHILD HOLDING S.A. 0.17% of their portfolio CHAMBESY, V8 143,419143.4k $8.4m $8.4m 0.17% Reduced -41.4k -41,432
53 SELDON CAPITAL LP 7.57% of their portfolio SAN FRANCISCO, CA 138,943138.9k $8.1m $8.1m 7.57% Unchanged
54 Trexquant Investment LP 0.20% of their portfolio STAMFORD, CT 138,125138.1k $8.1m $8.1m 0.20% Added +63.4k +63,381
55 STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio LYSAKER, Q8 138,011138.0k $8.1m $8.1m 0.04% Added +58.0k +58,023
56 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 136,372136.4k $8.0m $8.0m 0.01% Reduced -2.4k -2,369
57 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 135,500135.5k $7.9m $7.9m 0.03% Reduced -91.3k -91,300
58 OLD MISSION CAPITAL LLC 0.26% of their portfolio CHICAGO, IL 134,594134.6k $7.9m $7.9m 0.26% Reduced -238.9k -238,910
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 131,259131.3k $7.7m $7.7m 0.00% Reduced -42.3k -42,344
60 SG Americas Securities, LLC 0.10% of their portfolio NEW YORK, NY 126,018126.0k $7.4m $7.4m 0.10% Added +122.3k +122,277
61 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 125,138125.1k $7.3m $7.3m 0.01% Added +111.7k +111,671
62 Strategic Vision Investment Ltd 7.06% of their portfolio Hong Kong, K3 124,856124.9k $7.3m $7.3m 7.06% Reduced -333.6k -333,644
63 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 124,030124.0k $7.3m $7.3m 0.02% Added +80.2k +80,230
64 Legal & General Group Plc 0.00% of their portfolio London, X0 122,452122.5k $7.2m $7.2m 0.00% Reduced -19.3k -19,266
65 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 121,355121.4k $7.1m $7.1m 0.00% Added +78.1k +78,142
66 TB Alternative Assets Ltd. 1.86% of their portfolio HONG KONG, K3 117,100117.1k $6.9m $6.9m 1.86% Unchanged
67 Old Well Partners, LLC 2.94% of their portfolio CHARLOTTE, NC 116,000116.0k $6.8m $6.8m 2.94% New
68 Perseverance Asset Management International 1.68% of their portfolio GEORGE TOWN, E9 110,660110.7k $6.5m $6.5m 1.68% Reduced -324.3k -324,290
69 CAPITAL FUND MANAGEMENT S.A. 0.09% of their portfolio PARIS, I0 109,605109.6k $6.4m $6.4m 0.09% Added +30.5k +30,464
70 XY Capital Ltd 5.52% of their portfolio CENTRAL, K3 102,903102.9k $6.0m $6.0m 5.52% Added +81.3k +81,303
71 KADENSA CAPITAL Ltd 1.18% of their portfolio CENTRAL, K3 101,764101.8k $6.0m $6.0m 1.18% Added +26.5k +26,524
72 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 98,03598.0k $5.8m $5.8m 0.01% Reduced -79.1k -79,116
73 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 96,81696.8k $5.7m $5.7m 0.00% Reduced -755 -755
74 Schonfeld Strategic Advisors LLC 0.05% of their portfolio NEW YORK, NY 93,70093.7k $5.5m $5.5m 0.05% New
75 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 93,28993.3k $5.5m $5.5m 0.01% Reduced -295.2k -295,248
76 Capricorn Fund Managers Ltd 1.84% of their portfolio LONDON, X0 90,47690.5k $5.3m $5.3m 1.84% Reduced -62.2k -62,154
77 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 89,86189.9k $5.3m $5.3m 0.00% Added +82.7k +82,727
78 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 87,12887.1k $5.1m $5.1m 0.00% Reduced -12.6k -12,562
79 HRT FINANCIAL LP 0.05% of their portfolio NEW YORK, NY 79,92379.9k $4.7m $4.7m 0.05% New
80 Handelsbanken Fonder AB 0.03% of their portfolio STOCKHOLM, V7 79,30079.3k $4.6m $4.6m 0.03% Reduced -1.1k -1,100
81 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 79,07379.1k $4.6m $4.6m 0.01% Added +1.9k +1,896
82 Franchise Capital Ltd 1.64% of their portfolio GRAND CAYMAN, E9 78,23778.2k $4.6m $4.6m 1.64% New
83 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 73,87773.9k $4.3m $4.3m 0.01% Unchanged
84 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 65,00265.0k $3.8m $3.8m 0.00% Added +8.3k +8,306
85 ExodusPoint Capital Management, LP 0.04% of their portfolio NEW YORK, NY 54,85654.9k $3.2m $3.2m 0.04% Added +12.5k +12,477
86 Dorsey Wright & Associates 0.99% of their portfolio PASADENA, CA 54,60254.6k $3.2m $3.2m 0.99% Reduced -3.5k -3,514
87 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 49,41149.4k $2.9m $2.9m 0.00% Added +27.3k +27,317
88 Prescott Group Capital Management, L.L.C. 0.58% of their portfolio Tulsa, OK 45,00045.0k $2.6m $2.6m 0.58% Unchanged
89 Aperture Investors, LLC 0.39% of their portfolio New York, NY 41,63541.6k $2.4m $2.4m 0.39% Added +19 +19
90 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 37,88737.9k $2.2m $2.2m 0.00% Added +8.1k +8,106
91 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 33,36333.4k $2.0m $2.0m 0.00% Added +346 +346
92 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 31,98532.0k $1.9m $1.9m 0.01% New
93 Quaero Capital S.A. 1.68% of their portfolio GENEVE, V8 30,16530.2k $1.8m $1.8m 1.68% New
94 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 29,05929.1k $1.7m $1.7m 0.00% Added +138 +138
95 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 28,47428.5k $1.7m $1.7m 0.00% Reduced -21.3k -21,314
96 GSA CAPITAL PARTNERS LLP 0.14% of their portfolio LONDON, X0 28,01328.0k $1.6m $1.6m 0.14% Added +14.7k +14,692
97 Man Group plc 0.00% of their portfolio LONDON, X0 22,99323.0k $1.3m $1.3m 0.00% New
98 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 22,57222.6k $1.3m $1.3m 0.00% Added +605 +605
99 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 21,90921.9k $1.3m $1.3m 0.00% Reduced -84.2k -84,202
100 HAP Trading, LLC 0.31% of their portfolio NEW YORK, NY 21,43021.4k $1.3m $1.3m 0.31% Added +9.1k +9,080