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 ($47.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.33. Options: 19 managers hold calls ($129.7m notional), 14 hold puts ($81.5m).
Trends to Q4 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 |
| Q4 2023 | 236 |
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 |
| Q4 2023 | 122 | 107 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $113.9m | $72.4m | 0.64 |
| Q2 2023 | $56.4m | $37.4m | 0.66 |
| Q3 2023 | $87.9m | $63.4m | 0.72 |
| Q4 2023 | $129.7m | $81.5m | 0.63 |
Biggest buyers
| MORGAN STANLEY | Added | +7.3m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +942.4k |
| SHAH CAPITAL MANAGEMENT | New | +827.8k |
| UBS Group AG | Added | +731.7k |
| GOLDMAN SACHS GROUP INC | Added | +646.1k |
| Man Group plc | New | +642.0k |
| MY.Alpha Management HK Advisors Ltd | New | +571.3k |
| JPMORGAN CHASE & CO | Added | +506.0k |
| VICTORY CAPITAL MANAGEMENT INC | New | +485.0k |
| Ariose Capital Management Ltd | New | +418.0k |
Biggest sellers
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | -2.8m |
| Discerene Group LP | Sold out | -1.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -1.2m |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd | Reduced | -1.1m |
| BAUPOST GROUP LLC/MA | Sold out | -1.0m |
| Yiheng Capital Management, L.P. | Reduced | -787.3k |
| FMR LLC | Reduced | -743.3k |
| TWO SIGMA ADVISERS, LP | Reduced | -524.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -435.9k |
| Greenwoods Asset Management Hong Kong Ltd. | Reduced | -432.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $37.2m507.5k shares |
| GROUP ONE TRADING LLC | Reduced | $23.9m326.2k shares |
| CITADEL ADVISORS LLC | Added | $14.1m192.7k shares |
| JANE STREET GROUP, LLC | Added | $9.9m140.5k shares |
| WOLVERINE TRADING, LLC | Added | $7.8m106.5k shares |
| IMC-Chicago, LLC | New | $7.8m105.9k shares |
| Squarepoint Ops LLC | Reduced | $7.4m101.0k shares |
| GTS SECURITIES LLC | Reduced | $4.7m64.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.1m67.8k shares |
| CITIGROUP INC | New | $3.7m50.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $46.4m633.4k shares |
| GROUP ONE TRADING LLC | Reduced | $8.2m111.9k shares |
| Squarepoint Ops LLC | New | $4.6m62.5k shares |
| IMC-Chicago, LLC | New | $4.3m59.1k shares |
| SIMPLEX TRADING, LLC | Added | $4.3m120.7k shares |
| CITADEL ADVISORS LLC | Added | $3.3m44.9k shares |
| GTS SECURITIES LLC | Added | $2.7m36.6k shares |
| Capital Markets Trading UK LLP | Reduced | $2.6m36.1k shares |
| WOLVERINE TRADING, LLC | Added | $1.8m24.2k shares |
| Walleye Trading LLC | Reduced | $1.5m19.8k 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 Q4 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 Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.03% of their portfolio | 9.2m $675.8m | Added +7.3m |
| FMR LLC 0.03% of their portfolio | 5.9m $431.5m | Reduced -743.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.36% of their portfolio | 3.2m $232.2m | Reduced -435.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.27% of their portfolio | 2.9m $212.1m | Reduced -1.2m |
| BlackRock Inc. 0.00% of their portfolio | 2.6m $188.1m | Added +107.5k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.4m $174.0m | Added +646.1k |
| WT Asset Management Ltd 16.23% of their portfolio | 1.8m $129.2m | Reduced -136.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $127.6m | Reduced -30.5k |
| Greenwoods Asset Management Hong Kong Ltd. 4.35% of their portfolio | 1.7m $121.8m | Reduced -432.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.42% of their portfolio | 1.6m $117.9m | Added +942.4k |
| KEYSTONE INVESTORS PTE LTD 8.83% of their portfolio | 1.4m $104.8m | Added +15.8k |
| Cederberg Capital Ltd 23.38% of their portfolio | 1.4m $101.6m | Reduced -6.2k |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd 16.54% of their portfolio | 1.4m $100.7m | Reduced -1.1m |
| Yiheng Capital Management, L.P. 11.60% of their portfolio | 1.3m $93.7m | Reduced -787.3k |
| ALKEON CAPITAL MANAGEMENT LLC 0.57% of their portfolio | 1.2m $87.2m | Reduced -2.8m |
| FIL Ltd 0.07% of their portfolio | 969.2k $71.0m | Added +147.5k |
| Ninety One UK Ltd 0.19% of their portfolio | 885.7k $64.9m | Reduced -271.3k |
| MARSHALL WACE, LLP 0.12% of their portfolio | 863.8k $63.3m | Added +78.2k |
| UBS Group AG 0.03% of their portfolio | 862.9k $63.2m | Added +731.7k |
| SYLEBRA CAPITAL LLC 2.34% of their portfolio | 843.7k $61.8m | Reduced -248.2k |
| SHAH CAPITAL MANAGEMENT 15.54% of their portfolio | 827.8k $60.7m | New |
| Point72 Hong Kong Ltd 3.48% of their portfolio | 771.8k $56.6m | Added +347.0k |
| Driehaus Capital Management LLC 0.67% of their portfolio | 753.4k $55.2m | Reduced -320.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 700.5k $51.3m | Added +147.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 679.8k $49.8m | Unchanged |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 646.2k $47.4m | Reduced -71.5k |
| Man Group plc 0.14% of their portfolio | 642.0k $47.0m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 595.8k $43.7m | Added +506.0k |
| MY.Alpha Management HK Advisors Ltd 21.64% of their portfolio | 571.3k $41.9m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 563.8k $41.3m | Added +201.0k |
| Amundi 0.02% of their portfolio | 549.1k $41.0m | Reduced -117.4k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 534.0k $39.1m | Added +398.5k |
| 53 HOUSE LLP 8.07% of their portfolio | 510.6k $37.4m | Added +33.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 485.0k $35.5m | New |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 480.9k $35.2m | Added +37.7k |
| Pinpoint Asset Management Ltd 8.45% of their portfolio | 480.1k $38.2m | Added +247.6k |
| Caisse de depot et placement du Quebec 0.08% of their portfolio | 441.9k $32.4m | Reduced -22.5k |
| Ariose Capital Management Ltd 11.94% of their portfolio | 418.0k $30.6m | New |
| Ninety One North America, Inc. 1.44% of their portfolio | 403.2k $29.5m | Reduced -129.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio | 400.7k $29.4m | Added +6.3k |
| Panview Asian Equity Master Fund 19.19% of their portfolio | 393.0k $28.8m | Added +25.0k |
| Blue Creek Capital Management Ltd 19.88% of their portfolio | 377.4k $27.7m | Reduced -9.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 376.4k $27.6m | New |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 359.3k $26.3m | Added +32.6k |
| AXIOM INVESTORS LLC /DE 0.26% of their portfolio | 358.7k $26.3m | New |
| Aubrey Capital Management Ltd 9.49% of their portfolio | 304.1k $22.3m | Added +4.2k |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 289.6k $21.2m | Reduced -524.7k |
| Harvest Fund Management Co., Ltd 3.25% of their portfolio | 285.5k $20.9m | Reduced -93.9k |
| Carrhae Capital LLP 4.12% of their portfolio | 284.4k $20.8m | Added +84.9k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 267.3k $19.6m | Added +36.4k |
| BARINGS LLC 0.57% of their portfolio | 246.2k $18.0m | New |
| NOMURA HOLDINGS INC 0.15% of their portfolio | 225.5k $16.5m | Added +79.0k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 216.9k $15.9m | Added +212.8k |
| Taikang Asset Management (Hong Kong) Co Ltd 2.94% of their portfolio | 211.8k $15.5m | New |
| BARCLAYS PLC 0.01% of their portfolio | 211.2k $15.5m | Added +74.8k |
| Schonfeld Strategic Advisors LLC 0.13% of their portfolio | 210.8k $15.4m | Added +117.1k |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 204.9k $15.0m | Reduced -6.4k |
| Franchise Capital Ltd 1.93% of their portfolio | 201.1k $14.7m | Added +122.8k |
| Verition Fund Management LLC 0.14% of their portfolio | 190.7k $14.0m | Reduced -15.9k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 187.5k $13.7m | Added +62.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 186.3k $13.6m | Reduced -213.5k |
| PRELUDE CAPITAL MANAGEMENT, LLC 1.07% of their portfolio | 168.7k $12.4m | New |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 167.6k $12.3m | Added +46.3k |
| Polymer Capital Management (HK) LTD 3.98% of their portfolio | 155.3k $11.4m | First filing |
| SEI INVESTMENTS CO 0.02% of their portfolio | 142.0k $10.4m | New |
| SELDON CAPITAL LP 7.80% of their portfolio | 138.9k $10.2m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 126.9k $9.3m | Added +4.4k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 126.8k $9.3m | Added +47.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 124.7k $9.1m | Reduced -65.5k |
| Quadrature Capital Ltd 0.16% of their portfolio | 124.1k $9.1m | Reduced -29.1k |
| Tiger Pacific Capital LP 1.89% of their portfolio | 121.4k $8.9m | New |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 117.3k $8.6m | New |
| CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio | 115.9k $8.5m | Added +6.3k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.15% of their portfolio | 115.6k $8.5m | Reduced -27.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 113.4k $8.3m | Added +107.2k |
| Old Well Partners, LLC 3.67% of their portfolio | 107.6k $7.9m | Reduced -8.4k |
| Strategic Vision Investment Ltd 12.75% of their portfolio | 105.9k $7.8m | Reduced -19.0k |
| Cubist Systematic Strategies, LLC 0.09% of their portfolio | 103.3k $7.6m | New |
| Hel Ved Capital Management Ltd 2.23% of their portfolio | 102.9k $7.5m | Reduced -139.7k |
| LMR Partners LLP 0.18% of their portfolio | 99.7k $7.3m | Added +83.1k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 96.4k $7.1m | Added +3.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 91.5k $6.7m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 84.6k $6.2m | Reduced -53.4k |
| TWINBEECH CAPITAL LP 0.09% of their portfolio | 80.2k $5.9m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 78.8k $5.8m | Reduced -8.3k |
| Invesco Ltd. 0.00% of their portfolio | 78.5k $5.8m | Reduced -18.3k |
| Swedbank AB 0.01% of their portfolio | 76.7k $5.6m | Added +2.8k |
| HCEP Management Ltd 1.15% of their portfolio | 75.0k $5.5m | New |
| ExodusPoint Capital Management, LP 0.07% of their portfolio | 73.3k $5.4m | Added +18.5k |
| TB Alternative Assets Ltd. 1.33% of their portfolio | 67.9k $5.0m | Reduced -49.2k |
| Handelsbanken Fonder AB 0.02% of their portfolio | 65.5k $4.8m | Reduced -13.8k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 64.9k $4.8m | Reduced -69 |
| GTS SECURITIES LLC 0.10% of their portfolio | 62.3k $4.6m | New |
| XY Capital Ltd 4.58% of their portfolio | 61.3k $4.5m | Reduced -41.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 54.8k $4.0m | Reduced -69.2k |
| TOBAM 0.35% of their portfolio | 54.3k $4.0m | Not comparable |
| Carmignac Gestion 0.07% of their portfolio | 53.8k $3.9m | Added +51.9k |
| HRT FINANCIAL LP 0.03% of their portfolio | 51.7k $3.8m | Reduced -28.2k |
| Dorsey Wright & Associates 1.13% of their portfolio | 50.8k $3.7m | Reduced -3.8k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 0.48% of their portfolio | 47.0k $3.4m | New |