Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

236 institutional holders +47 vs Q3 2023
65,358,28465.4m shares reported held*
$4.8bnreported value*
62 new 60 added 89 reduced 18 sold out net bought ≈ $358.2m (+5.0m 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 ($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

0100200300Q3 22: 153Q4 22: 182Q1 23: 176Q2 23: 177Q3 23: 189Q4 23: 236236Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022153
Q4 2022182
Q1 2023176
Q2 2023177
Q3 2023189
Q4 2023236

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 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 23Q4 23: 122 bought or addedQ4 23: 107 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229686
Q1 202385100
Q2 20238490
Q3 20239491
Q4 2023122107

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 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 0.72Q4 23 calls: $129.7mQ4 23 puts: $81.5mQ4 23P/C 0.63
Numbers
QuarterCallsPutsP/C
Q1 2023$113.9m$72.4m0.64
Q2 2023$56.4m$37.4m0.66
Q3 2023$87.9m$63.4m0.72
Q4 2023$129.7m$81.5m0.63

Biggest buyers

MORGAN STANLEY Added +7,322,944+7.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +942,392+942.4k
SHAH CAPITAL MANAGEMENT New +827,770+827.8k
UBS Group AG Added +731,652+731.7k
GOLDMAN SACHS GROUP INC Added +646,122+646.1k
Man Group plc New +641,952+642.0k
MY.Alpha Management HK Advisors Ltd New +571,339+571.3k
JPMORGAN CHASE & CO Added +505,957+506.0k
VICTORY CAPITAL MANAGEMENT INC New +485,023+485.0k
Ariose Capital Management Ltd New +418,000+418.0k

Biggest sellers

ALKEON CAPITAL MANAGEMENT LLC Reduced -2,779,640-2.8m
Discerene Group LP Sold out -1,320,766-1.3m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -1,199,676-1.2m
KEYWISE CAPITAL MANAGEMENT (HK) Ltd Reduced -1,065,900-1.1m
BAUPOST GROUP LLC/MA Sold out -1,023,272-1.0m
Yiheng Capital Management, L.P. Reduced -787,328-787.3k
FMR LLC Reduced -743,348-743.3k
TWO SIGMA ADVISERS, LP Reduced -524,720-524.7k
RENAISSANCE TECHNOLOGIES LLC Reduced -435,932-435.9k
Greenwoods Asset Management Hong Kong Ltd. Reduced -432,505-432.5k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 9,221,5349.2m $675.8m $675.8m 0.03% Added +7.3m +7,322,944
2 FMR LLC 0.03% of their portfolio BOSTON, MA 5,888,1525.9m $431.5m $431.5m 0.03% Reduced -743.3k -743,348
3 RENAISSANCE TECHNOLOGIES LLC 0.36% of their portfolio NEW YORK, NY 3,168,8543.2m $232.2m $232.2m 0.36% Reduced -435.9k -435,932
4 SCHRODER INVESTMENT MANAGEMENT GROUP 0.27% of their portfolio London, X0 2,894,7792.9m $212.1m $212.1m 0.27% Reduced -1.2m -1,199,676
5 BlackRock Inc. 0.00% of their portfolio New York, NY 2,567,3332.6m $188.1m $188.1m 0.00% Added +107.5k +107,453
6 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,374,4082.4m $174.0m $174.0m 0.04% Added +646.1k +646,122
7 WT Asset Management Ltd 16.23% of their portfolio HONG KONG, K3 1,762,6441.8m $129.2m $129.2m 16.23% Reduced -136.5k -136,484
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,740,9001.7m $127.6m $127.6m 0.01% Reduced -30.5k -30,525
9 Greenwoods Asset Management Hong Kong Ltd. 4.35% of their portfolio HONG KONG, K3 1,662,3831.7m $121.8m $121.8m 4.35% Reduced -432.5k -432,505
10 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.42% of their portfolio TORONTO, A6 1,608,7921.6m $117.9m $117.9m 0.42% Added +942.4k +942,392
11 KEYSTONE INVESTORS PTE LTD 8.83% of their portfolio SINGAPORE, U0 1,429,5151.4m $104.8m $104.8m 8.83% Added +15.8k +15,842
12 Cederberg Capital Ltd 23.38% of their portfolio LONDON, X0 1,386,5001.4m $101.6m $101.6m 23.38% Reduced -6.2k -6,200
13 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 16.54% of their portfolio HONG KONG, K3 1,374,7401.4m $100.7m $100.7m 16.54% Reduced -1.1m -1,065,900
14 Yiheng Capital Management, L.P. 11.60% of their portfolio SAN FRANCISCO, CA 1,279,0961.3m $93.7m $93.7m 11.60% Reduced -787.3k -787,328
15 ALKEON CAPITAL MANAGEMENT LLC 0.57% of their portfolio New York, NY 1,189,9411.2m $87.2m $87.2m 0.57% Reduced -2.8m -2,779,640
16 FIL Ltd 0.07% of their portfolio HAMILTON, D0 969,172969.2k $71.0m $71.0m 0.07% Added +147.5k +147,457
17 Ninety One UK Ltd 0.19% of their portfolio London, X0 885,702885.7k $64.9m $64.9m 0.19% Reduced -271.3k -271,331
18 MARSHALL WACE, LLP 0.12% of their portfolio LONDON, X0 863,813863.8k $63.3m $63.3m 0.12% Added +78.2k +78,197
19 UBS Group AG 0.03% of their portfolio ZURICH, V8 862,911862.9k $63.2m $63.2m 0.03% Added +731.7k +731,652
20 SYLEBRA CAPITAL LLC 2.34% of their portfolio PALO ALTO, CA 843,739843.7k $61.8m $61.8m 2.34% Reduced -248.2k -248,226
21 SHAH CAPITAL MANAGEMENT 15.54% of their portfolio RALEIGH, NC 827,770827.8k $60.7m $60.7m 15.54% New
22 Point72 Hong Kong Ltd 3.48% of their portfolio HONG KONG, K3 771,798771.8k $56.6m $56.6m 3.48% Added +347.0k +346,956
23 Driehaus Capital Management LLC 0.67% of their portfolio Chicago, IL 753,362753.4k $55.2m $55.2m 0.67% Reduced -320.2k -320,209
24 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 700,520700.5k $51.3m $51.3m 0.05% Added +147.8k +147,795
25 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 679,814679.8k $49.8m $49.8m 0.02% Unchanged
26 MACQUARIE GROUP LTD 0.05% of their portfolio Sydney, NSW 2000, C3 646,173646.2k $47.4m $47.4m 0.05% Reduced -71.5k -71,523
27 Man Group plc 0.14% of their portfolio LONDON, X0 641,952642.0k $47.0m $47.0m 0.14% New
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 595,818595.8k $43.7m $43.7m 0.00% Added +506.0k +505,957
29 MY.Alpha Management HK Advisors Ltd 21.64% of their portfolio HONG KONG, K3 571,339571.3k $41.9m $41.9m 21.64% New
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio Paris, I0 563,780563.8k $41.3m $41.3m 0.12% Added +201.0k +201,008
31 Amundi 0.02% of their portfolio Paris, I0 549,083549.1k $41.0m $41.0m 0.02% Reduced -117.4k -117,395
32 Point72 Asset Management, L.P. 0.12% of their portfolio STAMFORD, CT 534,000534.0k $39.1m $39.1m 0.12% Added +398.5k +398,500
33 53 HOUSE LLP 8.07% of their portfolio LONDON, X0 510,604510.6k $37.4m $37.4m 8.07% Added +33.2k +33,177
34 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 485,023485.0k $35.5m $35.5m 0.04% New
35 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 480,850480.9k $35.2m $35.2m 0.03% Added +37.7k +37,695
36 Pinpoint Asset Management Ltd 8.45% of their portfolio HONG KONG, K3 480,133480.1k $38.2m $38.2m 8.45% Added +247.6k +247,603
37 Caisse de depot et placement du Quebec 0.08% of their portfolio Montreal, A8 441,860441.9k $32.4m $32.4m 0.08% Reduced -22.5k -22,500
38 Ariose Capital Management Ltd 11.94% of their portfolio CENTRAL, HONG KONG, K3 418,000418.0k $30.6m $30.6m 11.94% New
39 Ninety One North America, Inc. 1.44% of their portfolio New York, NY 403,200403.2k $29.5m $29.5m 1.44% Reduced -129.2k -129,205
40 Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio VANCOUVER, A1 400,674400.7k $29.4m $29.4m 0.14% Added +6.3k +6,309
41 Panview Asian Equity Master Fund 19.19% of their portfolio CENTRAL, K3 392,972393.0k $28.8m $28.8m 19.19% Added +25.0k +25,000
42 Blue Creek Capital Management Ltd 19.88% of their portfolio HONG KONG, K3 377,382377.4k $27.7m $27.7m 19.88% Reduced -9.9k -9,864
43 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 376,363376.4k $27.6m $27.6m 0.01% New
44 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 359,328359.3k $26.3m $26.3m 0.03% Added +32.6k +32,572
45 AXIOM INVESTORS LLC /DE 0.26% of their portfolio GREENWICH, CT 358,725358.7k $26.3m $26.3m 0.26% New
46 Aubrey Capital Management Ltd 9.49% of their portfolio EDINBURGH, X0 304,056304.1k $22.3m $22.3m 9.49% Added +4.2k +4,200
47 TWO SIGMA ADVISERS, LP 0.05% of their portfolio NEW YORK, NY 289,649289.6k $21.2m $21.2m 0.05% Reduced -524.7k -524,720
48 Harvest Fund Management Co., Ltd 3.25% of their portfolio BEIJING, F4 285,452285.5k $20.9m $20.9m 3.25% Reduced -93.9k -93,852
49 Carrhae Capital LLP 4.12% of their portfolio London, X0 284,426284.4k $20.8m $20.8m 4.12% Added +84.9k +84,928
50 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 267,316267.3k $19.6m $19.6m 0.04% Added +36.4k +36,423
51 BARINGS LLC 0.57% of their portfolio CHARLOTTE, NC 246,181246.2k $18.0m $18.0m 0.57% New
52 NOMURA HOLDINGS INC 0.15% of their portfolio TOKYO, M0 225,539225.5k $16.5m $16.5m 0.15% Added +79.0k +78,993
53 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 216,881216.9k $15.9m $15.9m 0.03% Added +212.8k +212,786
54 Taikang Asset Management (Hong Kong) Co Ltd 2.94% of their portfolio HONG KONG, K3 211,816211.8k $15.5m $15.5m 2.94% New
55 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 211,187211.2k $15.5m $15.5m 0.01% Added +74.8k +74,815
56 Schonfeld Strategic Advisors LLC 0.13% of their portfolio NEW YORK, NY 210,800210.8k $15.4m $15.4m 0.13% Added +117.1k +117,100
57 Robeco Institutional Asset Management B.V. 0.04% of their portfolio ROTTERDAM, P7 204,860204.9k $15.0m $15.0m 0.04% Reduced -6.4k -6,367
58 Franchise Capital Ltd 1.93% of their portfolio GRAND CAYMAN, E9 201,062201.1k $14.7m $14.7m 1.93% Added +122.8k +122,825
59 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 190,662190.7k $14.0m $14.0m 0.14% Reduced -15.9k -15,869
60 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 187,473187.5k $13.7m $13.7m 0.02% Added +62.3k +62,335
61 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 186,264186.3k $13.6m $13.6m 0.05% Reduced -213.5k -213,479
62 PRELUDE CAPITAL MANAGEMENT, LLC 1.07% of their portfolio NEW YORK, NY 168,713168.7k $12.4m $12.4m 1.07% New
63 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 167,625167.6k $12.3m $12.3m 0.01% Added +46.3k +46,270
64 Polymer Capital Management (HK) LTD 3.98% of their portfolio HONG KONG, K3 155,304155.3k $11.4m $11.4m 3.98% First filing
65 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 142,000142.0k $10.4m $10.4m 0.02% New
66 SELDON CAPITAL LP 7.80% of their portfolio SAN FRANCISCO, CA 138,943138.9k $10.2m $10.2m 7.80% Unchanged
67 Legal & General Group Plc 0.00% of their portfolio London, X0 126,864126.9k $9.3m $9.3m 0.00% Added +4.4k +4,412
68 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 126,828126.8k $9.3m $9.3m 0.01% Added +47.8k +47,755
69 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 124,663124.7k $9.1m $9.1m 0.01% Reduced -65.5k -65,487
70 Quadrature Capital Ltd 0.16% of their portfolio LONDON, X0 124,082124.1k $9.1m $9.1m 0.16% Reduced -29.1k -29,063
71 Tiger Pacific Capital LP 1.89% of their portfolio NEW YORK, NY 121,400121.4k $8.9m $8.9m 1.89% New
72 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 117,284117.3k $8.6m $8.6m 0.01% New
73 CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio PARIS, I0 115,936115.9k $8.5m $8.5m 0.11% Added +6.3k +6,331
74 EDMOND DE ROTHSCHILD HOLDING S.A. 0.15% of their portfolio CHAMBESY, V8 115,581115.6k $8.5m $8.5m 0.15% Reduced -27.8k -27,838
75 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 113,401113.4k $8.3m $8.3m 0.00% Added +107.2k +107,176
76 Old Well Partners, LLC 3.67% of their portfolio CHARLOTTE, NC 107,600107.6k $7.9m $7.9m 3.67% Reduced -8.4k -8,400
77 Strategic Vision Investment Ltd 12.75% of their portfolio Hong Kong, K3 105,900105.9k $7.8m $7.8m 12.75% Reduced -19.0k -18,956
78 Cubist Systematic Strategies, LLC 0.09% of their portfolio STAMFORD, CT 103,286103.3k $7.6m $7.6m 0.09% New
79 Hel Ved Capital Management Ltd 2.23% of their portfolio CENTRAL, K3 102,869102.9k $7.5m $7.5m 2.23% Reduced -139.7k -139,731
80 LMR Partners LLP 0.18% of their portfolio LONDON, X0 99,74699.7k $7.3m $7.3m 0.18% Added +83.1k +83,085
81 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 96,43796.4k $7.1m $7.1m 0.01% Added +3.1k +3,148
82 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 91,48591.5k $6.7m $6.7m 0.00% New
83 STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio LYSAKER, Q8 84,58484.6k $6.2m $6.2m 0.02% Reduced -53.4k -53,427
84 TWINBEECH CAPITAL LP 0.09% of their portfolio PURCHASE, NY 80,22380.2k $5.9m $5.9m 0.09% New
85 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 78,79578.8k $5.8m $5.8m 0.00% Reduced -8.3k -8,333
86 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 78,46978.5k $5.8m $5.8m 0.00% Reduced -18.3k -18,347
87 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 76,67776.7k $5.6m $5.6m 0.01% Added +2.8k +2,800
88 HCEP Management Ltd 1.15% of their portfolio HONG KONG, K3 75,01975.0k $5.5m $5.5m 1.15% New
89 ExodusPoint Capital Management, LP 0.07% of their portfolio NEW YORK, NY 73,31373.3k $5.4m $5.4m 0.07% Added +18.5k +18,457
90 TB Alternative Assets Ltd. 1.33% of their portfolio HONG KONG, K3 67,90067.9k $5.0m $5.0m 1.33% Reduced -49.2k -49,200
91 Handelsbanken Fonder AB 0.02% of their portfolio STOCKHOLM, V7 65,50065.5k $4.8m $4.8m 0.02% Reduced -13.8k -13,800
92 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 64,93364.9k $4.8m $4.8m 0.00% Reduced -69 -69
93 GTS SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 62,31562.3k $4.6m $4.6m 0.10% New
94 XY Capital Ltd 4.58% of their portfolio CENTRAL, K3 61,34661.3k $4.5m $4.5m 4.58% Reduced -41.6k -41,557
95 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 54,81554.8k $4.0m $4.0m 0.01% Reduced -69.2k -69,215
96 TOBAM 0.35% of their portfolio PARIS, I0 54,30154.3k $4.0m $4.0m 0.35% Not comparable
97 Carmignac Gestion 0.07% of their portfolio PARIS, I0 53,80353.8k $3.9m $3.9m 0.07% Added +51.9k +51,874
98 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 51,69851.7k $3.8m $3.8m 0.03% Reduced -28.2k -28,225
99 Dorsey Wright & Associates 1.13% of their portfolio PASADENA, CA 50,83650.8k $3.7m $3.7m 1.13% Reduced -3.8k -3,766
100 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 0.48% of their portfolio SAN FRANCISCO, CA 47,04347.0k $3.4m $3.4m 0.48% New