Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

255 institutional holders +19 vs Q4 2023
73,380,63773.4m shares reported held*
$6.4bnreported value*
47 new 80 added 106 reduced 30 sold out net bought ≈ $685.5m (+7.9m 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 ($52.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $86.96. Options: 17 managers hold calls ($85.5m notional), 17 hold puts ($54.9m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 153Q4 22: 182Q1 23: 176Q2 23: 177Q3 23: 189Q4 23: 236Q1 24: 255255Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022153
Q4 2022182
Q1 2023176
Q2 2023177
Q3 2023189
Q4 2023236
Q1 2024255

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 23Q1 24: 127 bought or addedQ1 24: 136 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20229686
Q1 202385100
Q2 20238490
Q3 20239491
Q4 2023122107
Q1 2024127136

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 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 0.63Q1 24 calls: $85.5mQ1 24 puts: $54.9mQ1 24P/C 0.64
Numbers
QuarterCallsPutsP/C
Q2 2023$56.4m$37.4m0.66
Q3 2023$87.9m$63.4m0.72
Q4 2023$129.7m$81.5m0.63
Q1 2024$85.5m$54.9m0.64

Biggest buyers

MORGAN STANLEY Added +6,083,272+6.1m
BANK OF AMERICA CORP /DE/ Added +2,931,914+2.9m
Tairen Capital Ltd New +1,334,781+1.3m
PRICE T ROWE ASSOCIATES INC /MD/ New +1,190,859+1.2m
Trivest Advisors Ltd New +652,000+652.0k
FARALLON CAPITAL MANAGEMENT, L.L.C. Added +602,000+602.0k
ALKEON CAPITAL MANAGEMENT LLC Added +600,000+600.0k
CITIGROUP INC Added +417,777+417.8k
Point72 Hong Kong Ltd Added +412,268+412.3k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Added +408,199+408.2k

Biggest sellers

SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -1,302,312-1.3m
BlackRock Inc. Reduced -1,049,736-1.0m
GOLDMAN SACHS GROUP INC Reduced -593,329-593.3k
Yiheng Capital Management, L.P. Reduced -571,467-571.5k
MARSHALL WACE, LLP Reduced -511,101-511.1k
Ariose Capital Management Ltd Sold out -418,000-418.0k
JPMORGAN CHASE & CO Reduced -396,910-396.9k
WT Asset Management Ltd Reduced -336,584-336.6k
SHAH CAPITAL MANAGEMENT Reduced -329,140-329.1k
KEYSTONE INVESTORS PTE LTD Reduced -323,474-323.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $24.0m276.3k shares
JANE STREET GROUP, LLC Added $19.8m227.4k shares
CITADEL ADVISORS LLC Reduced $7.8m89.5k shares
GOLDMAN SACHS GROUP INC New $6.0m69.5k shares
GROUP ONE TRADING LLC Reduced $5.4m62.4k shares
GTS SECURITIES LLC Reduced $4.5m52.3k shares
CITIGROUP INC Unchanged $4.3m50.0k shares
IMC-Chicago, LLC Reduced $3.7m42.8k shares
SIMPLEX TRADING, LLC Reduced $3.1m35.5k shares
WOLVERINE TRADING, LLC Reduced $1.4m16.6k shares

Biggest puts

JPMORGAN CHASE & CO New $12.1m139.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.3m96.1k shares
WELLS FARGO & COMPANY/MN New $7.9m90.6k shares
CITADEL ADVISORS LLC Added $5.2m59.9k shares
Squarepoint Ops LLC Reduced $3.5m40.7k shares
SIMPLEX TRADING, LLC Reduced $3.3m38.0k shares
IMC-Chicago, LLC Reduced $2.6m30.4k shares
MILLENNIUM MANAGEMENT LLC New $2.1m23.9k shares
GROUP ONE TRADING LLC Reduced $1.8m21.1k shares
JANE STREET GROUP, LLC Reduced $1.7m19.2k 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 Q1 2024

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 Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 15,304,80615.3m $1.3bn $1.3bn 0.04% Added +6.1m +6,083,272
2 FMR LLC 0.03% of their portfolio BOSTON, MA 5,615,3005.6m $487.5m $487.5m 0.03% Reduced -272.9k -272,852
3 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 4,672,8144.7m $405.7m $405.7m 0.04% Added +2.9m +2,931,914
4 RENAISSANCE TECHNOLOGIES LLC 0.41% of their portfolio NEW YORK, NY 3,010,9543.0m $261.4m $261.4m 0.41% Reduced -157.9k -157,900
5 Greenwoods Asset Management Hong Kong Ltd. 5.05% of their portfolio HONG KONG, K3 1,875,3101.9m $162.8m $162.8m 5.05% Added +212.9k +212,927
6 ALKEON CAPITAL MANAGEMENT LLC 0.86% of their portfolio New York, NY 1,789,9411.8m $155.4m $155.4m 0.86% Added +600.0k +600,000
7 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,781,0791.8m $154.6m $154.6m 0.03% Reduced -593.3k -593,329
8 SCHRODER INVESTMENT MANAGEMENT GROUP 0.16% of their portfolio London, X0 1,592,4671.6m $138.3m $138.3m 0.16% Reduced -1.3m -1,302,312
9 BlackRock Inc. 0.00% of their portfolio New York, NY 1,517,5971.5m $131.8m $131.8m 0.00% Reduced -1.0m -1,049,736
10 WT Asset Management Ltd 12.47% of their portfolio HONG KONG, K3 1,426,0601.4m $123.8m $123.8m 12.47% Reduced -336.6k -336,584
11 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.44% of their portfolio TORONTO, A6 1,424,3001.4m $123.7m $123.7m 0.44% Reduced -184.5k -184,492
12 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 16.19% of their portfolio HONG KONG, K3 1,375,5401.4m $119.4m $119.4m 16.19% Added +800 +800
13 Tairen Capital Ltd 7.09% of their portfolio HONG KONG, K3 1,334,7811.3m $115.9m $115.9m 7.09% New
14 Cederberg Capital Ltd 30.16% of their portfolio LONDON, X0 1,252,8501.3m $108.8m $108.8m 30.16% Reduced -133.7k -133,650
15 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,190,8591.2m $103.4m $103.4m 0.01% New
16 Point72 Hong Kong Ltd 5.19% of their portfolio HONG KONG, K3 1,184,0661.2m $102.8m $102.8m 5.19% Added +412.3k +412,268
17 KEYSTONE INVESTORS PTE LTD 8.34% of their portfolio SINGAPORE, U0 1,106,0411.1m $96.0m $96.0m 8.34% Reduced -323.5k -323,474
18 FIL Ltd 0.09% of their portfolio HAMILTON, D0 1,091,3471.1m $94.8m $94.8m 0.09% Added +122.2k +122,175
19 Driehaus Capital Management LLC 0.90% of their portfolio Chicago, IL 1,041,0991.0m $90.4m $90.4m 0.90% Added +287.7k +287,737
20 Ninety One UK Ltd 0.22% of their portfolio London, X0 908,681908.7k $78.9m $78.9m 0.22% Added +23.0k +22,979
21 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 774,839774.8k $67.3m $67.3m 0.02% Added +95.0k +95,025
22 UBS Group AG 0.02% of their portfolio ZURICH, V8 767,205767.2k $66.6m $66.6m 0.02% Reduced -95.7k -95,706
23 SYLEBRA CAPITAL LLC 2.07% of their portfolio PALO ALTO, CA 718,278718.3k $62.4m $62.4m 2.07% Reduced -125.5k -125,461
24 Yiheng Capital Management, L.P. 8.82% of their portfolio SAN FRANCISCO, CA 707,629707.6k $61.4m $61.4m 8.82% Reduced -571.5k -571,467
25 Trivest Advisors Ltd 1.99% of their portfolio Hong Kong, K3 652,000652.0k $56.6m $56.6m 1.99% New
26 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 619,061619.1k $53.7m $53.7m 0.05% Reduced -81.5k -81,459
27 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.31% of their portfolio SAN FRANCISCO, CA 615,000615.0k $53.4m $53.4m 0.31% Added +602.0k +602,000
28 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio JUPITER, FL 594,463594.5k $51.6m $51.6m 0.19% Added +408.2k +408,199
29 Point72 Asset Management, L.P. 0.14% of their portfolio STAMFORD, CT 541,200541.2k $47.0m $47.0m 0.14% Added +7.2k +7,200
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio Paris, I0 538,114538.1k $46.7m $46.7m 0.12% Reduced -25.7k -25,666
31 Amundi 0.02% of their portfolio Paris, I0 530,110530.1k $46.1m $46.1m 0.02% Reduced -19.0k -18,973
32 Man Group plc 0.12% of their portfolio LONDON, X0 507,470507.5k $44.1m $44.1m 0.12% Reduced -134.5k -134,482
33 SHAH CAPITAL MANAGEMENT 12.11% of their portfolio RALEIGH, NC 498,630498.6k $43.3m $43.3m 12.11% Reduced -329.1k -329,140
34 AXIOM INVESTORS LLC /DE 0.37% of their portfolio GREENWICH, CT 485,060485.1k $42.1m $42.1m 0.37% Added +126.3k +126,335
35 53 HOUSE LLP 10.53% of their portfolio LONDON, X0 472,588472.6k $41.0m $41.0m 10.53% Reduced -38.0k -38,016
36 MY.Alpha Management HK Advisors Ltd 14.52% of their portfolio HONG KONG, K3 445,833445.8k $38.7m $38.7m 14.52% Reduced -125.5k -125,506
37 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 440,993441.0k $38.3m $38.3m 0.04% Added +81.7k +81,665
38 Verition Fund Management LLC 0.35% of their portfolio GREENWICH, CT 423,864423.9k $36.8m $36.8m 0.35% Added +233.2k +233,202
39 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 423,681423.7k $36.8m $36.8m 0.04% Added +417.8k +417,777
40 Pinpoint Asset Management Ltd 6.46% of their portfolio HONG KONG, K3 422,477422.5k $40.2m $40.2m 6.46% Reduced -57.7k -57,656
41 Ninety One North America, Inc. 1.74% of their portfolio New York, NY 412,066412.1k $35.8m $35.8m 1.74% Added +8.9k +8,866
42 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 410,262410.3k $35.6m $35.6m 0.02% Added +388.4k +388,353
43 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 381,858381.9k $33.2m $33.2m 0.06% Added +114.5k +114,542
44 Panview Asian Equity Master Fund 10.16% of their portfolio CENTRAL, K3 372,972373.0k $32.4m $32.4m 10.16% Reduced -20.0k -20,000
45 Caisse de depot et placement du Quebec 0.08% of their portfolio Montreal, A8 372,660372.7k $32.4m $32.4m 0.08% Reduced -69.2k -69,200
46 MACQUARIE GROUP LTD 0.04% of their portfolio Sydney, NSW 2000, C3 367,697367.7k $31.9m $31.9m 0.04% Reduced -278.5k -278,476
47 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 352,712352.7k $30.6m $30.6m 0.05% Reduced -511.1k -511,101
48 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 347,275347.3k $30.2m $30.2m 0.04% Added +159.8k +159,802
49 BARINGS LLC 0.73% of their portfolio CHARLOTTE, NC 333,147333.1k $28.9m $28.9m 0.73% Added +87.0k +86,966
50 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 319,560319.6k $27.7m $27.7m 0.02% Reduced -161.3k -161,290
51 Harvest Fund Management Co., Ltd 2.20% of their portfolio BEIJING, F4 281,936281.9k $24.5m $24.5m 2.20% Reduced -3.5k -3,516
52 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 267,516267.5k $23.2m $23.2m 0.04% Added +50.6k +50,635
53 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 266,627266.6k $23.1m $23.1m 0.02% Reduced -218.4k -218,396
54 Aubrey Capital Management Ltd 8.09% of their portfolio EDINBURGH, X0 265,856265.9k $22.8m $22.8m 8.09% Reduced -38.2k -38,200
55 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 231,629231.6k $20.1m $20.1m 0.01% Added +135.2k +135,192
56 Broad Peak Investment Holdings Ltd. 3.65% of their portfolio SINGAPORE, U0 223,650223.7k $19.4m $19.4m 3.65% New
57 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 220,392220.4k $19.1m $19.1m 0.00% Reduced -156.0k -155,971
58 Blue Creek Capital Management Ltd 14.07% of their portfolio HONG KONG, K3 219,282219.3k $19.0m $19.0m 14.07% Reduced -158.1k -158,100
59 Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio VANCOUVER, A1 215,668215.7k $18.7m $18.7m 0.08% Reduced -185.0k -185,006
60 Carrhae Capital LLP 3.63% of their portfolio London, X0 213,442213.4k $18.5m $18.5m 3.63% Reduced -71.0k -70,984
61 Robeco Institutional Asset Management B.V. 0.04% of their portfolio ROTTERDAM, P7 205,860205.9k $17.9m $17.9m 0.04% Added +1.0k +1,000
62 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 198,908198.9k $17.3m $17.3m 0.00% Reduced -396.9k -396,910
63 Tiger Pacific Capital LP 3.84% of their portfolio NEW YORK, NY 190,689190.7k $16.6m $16.6m 3.84% Added +69.3k +69,289
64 Hel Ved Capital Management Ltd 3.95% of their portfolio CENTRAL, K3 183,269183.3k $15.9m $15.9m 3.95% Added +80.4k +80,400
65 GTS SECURITIES LLC 0.43% of their portfolio NEW YORK, NY 182,615182.6k $15.9m $15.9m 0.43% Added +120.3k +120,300
66 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 178,680178.7k $15.5m $15.5m 0.02% Added +36.7k +36,680
67 THORNBURG INVESTMENT MANAGEMENT INC 0.22% of their portfolio SANTA FE, NM 177,658177.7k $15.4m $15.4m 0.22% New
68 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 165,873165.9k $14.4m $14.4m 0.01% Reduced -1.8k -1,752
69 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 153,434153.4k $13.3m $13.3m 0.00% Added +40.0k +40,033
70 Taikang Asset Management (Hong Kong) Co Ltd 2.61% of their portfolio HONG KONG, K3 142,879142.9k $12.4m $12.4m 2.61% Reduced -68.9k -68,937
71 SELDON CAPITAL LP 7.30% of their portfolio SAN FRANCISCO, CA 138,943138.9k $12.1m $12.1m 7.30% Unchanged
72 Legal & General Group Plc 0.00% of their portfolio London, X0 132,946132.9k $11.5m $11.5m 0.00% Added +6.1k +6,082
73 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 128,600128.6k $11.2m $11.2m 0.01% New
74 Strategic Vision Investment Ltd 7.78% of their portfolio Hong Kong, K3 124,100124.1k $10.8m $10.8m 7.78% Added +18.2k +18,200
75 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 122,350122.3k $10.6m $10.6m 0.02% Reduced -167.3k -167,299
76 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 122,013122.0k $10.6m $10.6m 0.00% Added +101.2k +101,172
77 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 118,936118.9k $10.3m $10.3m 0.01% Reduced -5.7k -5,727
78 RWC ASSET ADVISORS (US) LLC 0.76% of their portfolio MIAMI, FL 111,954112.0k $9.7m $9.7m 0.76% New
79 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 111,665111.7k $9.7m $9.7m 0.01% Reduced -15.2k -15,163
80 CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio PARIS, I0 100,347100.3k $8.7m $8.7m 0.11% Reduced -15.6k -15,589
81 HCEP Management Ltd 1.63% of their portfolio HONG KONG, K3 100,000100.0k $8.7m $8.7m 1.63% Added +25.0k +24,981
82 Quadrature Capital Ltd 0.15% of their portfolio LONDON, X0 99,85199.9k $8.7m $8.7m 0.15% Reduced -24.2k -24,231
83 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 1.62% of their portfolio SAN FRANCISCO, CA 94,90594.9k $8.2m $8.2m 1.62% Added +47.9k +47,862
84 DANSKE BANK A/S 0.02% of their portfolio COPENHAGEN V, G7 90,70690.7k $7.9m $7.9m 0.02% First filing
85 EDMOND DE ROTHSCHILD HOLDING S.A. 0.13% of their portfolio CHAMBESY, V8 87,92487.9k $7.6m $7.6m 0.13% Reduced -27.7k -27,657
86 KADENSA CAPITAL Ltd 1.91% of their portfolio CENTRAL, K3 81,06481.1k $7.0m $7.0m 1.91% New
87 CI INVESTMENTS INC. 0.03% of their portfolio TORONTO, Z4 79,91279.9k $6.9m $6.9m 0.03% New
88 STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio LYSAKER, Q8 79,54879.5k $6.9m $6.9m 0.02% Reduced -5.0k -5,036
89 Old Well Partners, LLC 3.06% of their portfolio CHARLOTTE, NC 79,20079.2k $6.9m $6.9m 3.06% Reduced -28.4k -28,400
90 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 78,77778.8k $6.8m $6.8m 0.00% Reduced -18 -18
91 Handelsbanken Fonder AB 0.03% of their portfolio STOCKHOLM, V7 76,90076.9k $6.7m $6.7m 0.03% Added +11.4k +11,400
92 TWINBEECH CAPITAL LP 0.13% of their portfolio PURCHASE, NY 74,52374.5k $6.5m $6.5m 0.13% Reduced -5.7k -5,700
93 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 71,74771.7k $6.2m $6.2m 0.00% Added +6.8k +6,814
94 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 71,07771.1k $6.2m $6.2m 0.01% Reduced -5.6k -5,600
95 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 70,46870.5k $6.1m $6.1m 0.05% Reduced -155.1k -155,071
96 Polymer Capital Management (HK) LTD 1.52% of their portfolio HONG KONG, K3 69,60669.6k $6.0m $6.0m 1.52% Reduced -85.7k -85,698
97 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 67,02567.0k $5.9m $5.9m 0.00% Reduced -24.5k -24,460
98 XY Capital Ltd 4.86% of their portfolio CENTRAL, K3 66,23366.2k $5.8m $5.8m 4.86% Added +4.9k +4,887
99 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 66,20566.2k $5.7m $5.7m 0.00% Reduced -12.3k -12,264
100 Schonfeld Strategic Advisors LLC 0.04% of their portfolio NEW YORK, NY 60,26660.3k $5.2m $5.2m 0.04% Reduced -150.5k -150,534