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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 153 |
| Q4 2022 | 182 |
| Q1 2023 | 176 |
| Q2 2023 | 177 |
| Q3 2023 | 189 |
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 |
| Q3 2023 | 94 | 91 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $129.3m | $300.5m | 2.32 |
| Q1 2023 | $113.9m | $72.4m | 0.64 |
| Q2 2023 | $56.4m | $37.4m | 0.66 |
| Q3 2023 | $87.9m | $63.4m | 0.72 |
Biggest buyers
| FMR LLC | Added | +3.2m |
| BlackRock Inc. | Added | +2.2m |
| Cederberg Capital Ltd | New | +1.4m |
| FIL Ltd | New | +821.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +760.1k |
| WT Asset Management Ltd | Added | +623.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +469.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | New | +362.8k |
| CITADEL ADVISORS LLC | New | +326.8k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +322.0k |
Biggest sellers
| BAUPOST GROUP LLC/MA | Reduced | -3.1m |
| Greenwoods Asset Management Hong Kong Ltd. | Reduced | -2.3m |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd | Reduced | -1.5m |
| Yiheng Capital Management, L.P. | Reduced | -1.4m |
| Aspex Management (HK) Ltd | Sold out | -707.6k |
| Snow Lake Management LP | Sold out | -500.0k |
| FengHe Fund Management Pte. Ltd. | Sold out | -490.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -484.8k |
| Alpine Investment Management Ltd | Sold out | -452.8k |
| MARSHALL WACE, LLP | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.03% of their portfolio | 6.6m $388.3m | Added +3.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.36% of their portfolio | 4.1m $239.7m | Added +760.1k |
| ALKEON CAPITAL MANAGEMENT LLC 1.47% of their portfolio | 4.0m $232.4m | Reduced -331.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.36% of their portfolio | 3.6m $211.1m | Added +322.0k |
| BlackRock Inc. 0.00% of their portfolio | 2.5m $144.0m | Added +2.2m |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd 23.66% of their portfolio | 2.4m $142.9m | Reduced -1.5m |
| Greenwoods Asset Management Hong Kong Ltd. 4.81% of their portfolio | 2.1m $122.7m | Reduced -2.3m |
| Yiheng Capital Management, L.P. 10.93% of their portfolio | 2.1m $121.0m | Reduced -1.4m |
| WT Asset Management Ltd 12.35% of their portfolio | 1.9m $111.2m | Added +623.4k |
| MORGAN STANLEY 0.01% of their portfolio | 1.9m $111.2m | Added +86.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.8m $103.7m | Reduced -484.8k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.7m $101.2m | Added +296.8k |
| KEYSTONE INVESTORS PTE LTD 9.85% of their portfolio | 1.4m $82.8m | Reduced -314.9k |
| Cederberg Capital Ltd 22.84% of their portfolio | 1.4m $81.5m | New |
| Discerene Group LP 9.51% of their portfolio | 1.3m $77.3m | Unchanged |
| Ninety One UK Ltd 0.21% of their portfolio | 1.2m $67.7m | Reduced -186.2k |
| Sylebra Capital Ltd 3.40% of their portfolio | 1.1m $63.9m | Reduced -199.6k |
| SYLEBRA CAPITAL LLC 3.40% of their portfolio | 1.1m $63.9m | First filing |
| Driehaus Capital Management LLC 0.82% of their portfolio | 1.1m $62.9m | Added +106.9k |
| BAUPOST GROUP LLC/MA 1.15% of their portfolio | 1.0m $59.9m | Reduced -3.1m |
| FIL Ltd 0.06% of their portfolio | 821.7k $48.1m | New |
| TWO SIGMA ADVISERS, LP 0.12% of their portfolio | 814.4k $47.7m | Reduced -150.4k |
| MARSHALL WACE, LLP 0.10% of their portfolio | 785.6k $46.0m | Reduced -407.7k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 717.7k $42.0m | Added +86 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 679.8k $39.8m | Unchanged |
| Amundi 0.02% of their portfolio | 666.5k $41.6m | Added +33.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.18% of their portfolio | 666.4k $39.0m | Reduced -134.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 552.7k $32.4m | Added +469.0k |
| Ninety One North America, Inc. 1.53% of their portfolio | 532.4k $31.2m | Reduced -5.1k |
| 53 HOUSE LLP 7.01% of their portfolio | 477.4k $28.0m | Added +28.0k |
| Caisse de depot et placement du Quebec 0.08% of their portfolio | 464.4k $27.2m | Reduced -20.6k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 443.2k $25.9m | Added +315.2k |
| Point72 Hong Kong Ltd 6.93% of their portfolio | 424.8k $24.9m | Reduced -262.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 399.7k $23.4m | Added +64.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio | 394.4k $23.1m | Added +56.0k |
| Blue Creek Capital Management Ltd 17.63% of their portfolio | 387.2k $22.7m | Reduced -305.5k |
| Harvest Fund Management Co., Ltd 3.88% of their portfolio | 379.3k $22.2m | Reduced -94.0k |
| Panview Asian Equity Master Fund 32.38% of their portfolio | 368.0k $21.5m | Reduced -59.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio | 362.8k $21.2m | New |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 326.8k $19.1m | New |
| Aubrey Capital Management Ltd 9.97% of their portfolio | 299.9k $17.4m | Added +46.8k |
| COATUE MANAGEMENT LLC 0.09% of their portfolio | 288.1k $16.9m | New |
| Hel Ved Capital Management Ltd 4.74% of their portfolio | 242.6k $14.2m | New |
| Pinpoint Asset Management Ltd 4.34% of their portfolio | 232.5k $18.5m | Reduced -28.2k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 230.9k $13.5m | Added +121.3k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 211.2k $12.4m | Reduced -15.4k |
| Verition Fund Management LLC 0.16% of their portfolio | 206.5k $12.1m | Added +65.2k |
| Carrhae Capital LLP 4.02% of their portfolio | 199.5k $11.7m | New |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 190.2k $11.1m | Added +140.9k |
| Quadrature Capital Ltd 0.18% of their portfolio | 153.1k $9.0m | Reduced -3.8k |
| NOMURA HOLDINGS INC 0.09% of their portfolio | 146.5k $8.6m | Added +15.3k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.17% of their portfolio | 143.4k $8.4m | Reduced -41.4k |
| SELDON CAPITAL LP 7.57% of their portfolio | 138.9k $8.1m | Unchanged |
| Trexquant Investment LP 0.20% of their portfolio | 138.1k $8.1m | Added +63.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 138.0k $8.1m | Added +58.0k |
| BARCLAYS PLC 0.01% of their portfolio | 136.4k $8.0m | Reduced -2.4k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 135.5k $7.9m | Reduced -91.3k |
| OLD MISSION CAPITAL LLC 0.26% of their portfolio | 134.6k $7.9m | Reduced -238.9k |
| UBS Group AG 0.00% of their portfolio | 131.3k $7.7m | Reduced -42.3k |
| SG Americas Securities, LLC 0.10% of their portfolio | 126.0k $7.4m | Added +122.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 125.1k $7.3m | Added +111.7k |
| Strategic Vision Investment Ltd 7.06% of their portfolio | 124.9k $7.3m | Reduced -333.6k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 124.0k $7.3m | Added +80.2k |
| Legal & General Group Plc 0.00% of their portfolio | 122.5k $7.2m | Reduced -19.3k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 121.4k $7.1m | Added +78.1k |
| TB Alternative Assets Ltd. 1.86% of their portfolio | 117.1k $6.9m | Unchanged |
| Old Well Partners, LLC 2.94% of their portfolio | 116.0k $6.8m | New |
| Perseverance Asset Management International 1.68% of their portfolio | 110.7k $6.5m | Reduced -324.3k |
| CAPITAL FUND MANAGEMENT S.A. 0.09% of their portfolio | 109.6k $6.4m | Added +30.5k |
| XY Capital Ltd 5.52% of their portfolio | 102.9k $6.0m | Added +81.3k |
| KADENSA CAPITAL Ltd 1.18% of their portfolio | 101.8k $6.0m | Added +26.5k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 98.0k $5.8m | Reduced -79.1k |
| Invesco Ltd. 0.00% of their portfolio | 96.8k $5.7m | Reduced -755 |
| Schonfeld Strategic Advisors LLC 0.05% of their portfolio | 93.7k $5.5m | New |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 93.3k $5.5m | Reduced -295.2k |
| Capricorn Fund Managers Ltd 1.84% of their portfolio | 90.5k $5.3m | Reduced -62.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 89.9k $5.3m | Added +82.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 87.1k $5.1m | Reduced -12.6k |
| HRT FINANCIAL LP 0.05% of their portfolio | 79.9k $4.7m | New |
| Handelsbanken Fonder AB 0.03% of their portfolio | 79.3k $4.6m | Reduced -1.1k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 79.1k $4.6m | Added +1.9k |
| Franchise Capital Ltd 1.64% of their portfolio | 78.2k $4.6m | New |
| Swedbank AB 0.01% of their portfolio | 73.9k $4.3m | Unchanged |
| Clearbridge Investments, LLC 0.00% of their portfolio | 65.0k $3.8m | Added +8.3k |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 54.9k $3.2m | Added +12.5k |
| Dorsey Wright & Associates 0.99% of their portfolio | 54.6k $3.2m | Reduced -3.5k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 49.4k $2.9m | Added +27.3k |
| Prescott Group Capital Management, L.L.C. 0.58% of their portfolio | 45.0k $2.6m | Unchanged |
| Aperture Investors, LLC 0.39% of their portfolio | 41.6k $2.4m | Added +19 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 37.9k $2.2m | Added +8.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 33.4k $2.0m | Added +346 |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 32.0k $1.9m | New |
| Quaero Capital S.A. 1.68% of their portfolio | 30.2k $1.8m | New |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 29.1k $1.7m | Added +138 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 28.5k $1.7m | Reduced -21.3k |
| GSA CAPITAL PARTNERS LLP 0.14% of their portfolio | 28.0k $1.6m | Added +14.7k |
| Man Group plc 0.00% of their portfolio | 23.0k $1.3m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 22.6k $1.3m | Added +605 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 21.9k $1.3m | Reduced -84.2k |
| HAP Trading, LLC 0.31% of their portfolio | 21.4k $1.3m | Added +9.1k |