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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 153 |
| Q4 2022 | 182 |
| Q1 2023 | 176 |
| Q2 2023 | 177 |
| Q3 2023 | 189 |
| Q4 2023 | 236 |
| Q1 2024 | 255 |
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 |
| Q1 2024 | 127 | 136 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $56.4m | $37.4m | 0.66 |
| Q3 2023 | $87.9m | $63.4m | 0.72 |
| Q4 2023 | $129.7m | $81.5m | 0.63 |
| Q1 2024 | $85.5m | $54.9m | 0.64 |
Biggest buyers
| MORGAN STANLEY | Added | +6.1m |
| BANK OF AMERICA CORP /DE/ | Added | +2.9m |
| Tairen Capital Ltd | New | +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | New | +1.2m |
| Trivest Advisors Ltd | New | +652.0k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Added | +602.0k |
| ALKEON CAPITAL MANAGEMENT LLC | Added | +600.0k |
| CITIGROUP INC | Added | +417.8k |
| Point72 Hong Kong Ltd | Added | +412.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +408.2k |
Biggest sellers
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -1.3m |
| BlackRock Inc. | Reduced | -1.0m |
| GOLDMAN SACHS GROUP INC | Reduced | -593.3k |
| Yiheng Capital Management, L.P. | Reduced | -571.5k |
| MARSHALL WACE, LLP | Reduced | -511.1k |
| Ariose Capital Management Ltd | Sold out | -418.0k |
| JPMORGAN CHASE & CO | Reduced | -396.9k |
| WT Asset Management Ltd | Reduced | -336.6k |
| SHAH CAPITAL MANAGEMENT | Reduced | -329.1k |
| KEYSTONE INVESTORS PTE LTD | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.04% of their portfolio | 15.3m $1.3bn | Added +6.1m |
| FMR LLC 0.03% of their portfolio | 5.6m $487.5m | Reduced -272.9k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 4.7m $405.7m | Added +2.9m |
| RENAISSANCE TECHNOLOGIES LLC 0.41% of their portfolio | 3.0m $261.4m | Reduced -157.9k |
| Greenwoods Asset Management Hong Kong Ltd. 5.05% of their portfolio | 1.9m $162.8m | Added +212.9k |
| ALKEON CAPITAL MANAGEMENT LLC 0.86% of their portfolio | 1.8m $155.4m | Added +600.0k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.8m $154.6m | Reduced -593.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.16% of their portfolio | 1.6m $138.3m | Reduced -1.3m |
| BlackRock Inc. 0.00% of their portfolio | 1.5m $131.8m | Reduced -1.0m |
| WT Asset Management Ltd 12.47% of their portfolio | 1.4m $123.8m | Reduced -336.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.44% of their portfolio | 1.4m $123.7m | Reduced -184.5k |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd 16.19% of their portfolio | 1.4m $119.4m | Added +800 |
| Tairen Capital Ltd 7.09% of their portfolio | 1.3m $115.9m | New |
| Cederberg Capital Ltd 30.16% of their portfolio | 1.3m $108.8m | Reduced -133.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.2m $103.4m | New |
| Point72 Hong Kong Ltd 5.19% of their portfolio | 1.2m $102.8m | Added +412.3k |
| KEYSTONE INVESTORS PTE LTD 8.34% of their portfolio | 1.1m $96.0m | Reduced -323.5k |
| FIL Ltd 0.09% of their portfolio | 1.1m $94.8m | Added +122.2k |
| Driehaus Capital Management LLC 0.90% of their portfolio | 1.0m $90.4m | Added +287.7k |
| Ninety One UK Ltd 0.22% of their portfolio | 908.7k $78.9m | Added +23.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 774.8k $67.3m | Added +95.0k |
| UBS Group AG 0.02% of their portfolio | 767.2k $66.6m | Reduced -95.7k |
| SYLEBRA CAPITAL LLC 2.07% of their portfolio | 718.3k $62.4m | Reduced -125.5k |
| Yiheng Capital Management, L.P. 8.82% of their portfolio | 707.6k $61.4m | Reduced -571.5k |
| Trivest Advisors Ltd 1.99% of their portfolio | 652.0k $56.6m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 619.1k $53.7m | Reduced -81.5k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.31% of their portfolio | 615.0k $53.4m | Added +602.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 594.5k $51.6m | Added +408.2k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 541.2k $47.0m | Added +7.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 538.1k $46.7m | Reduced -25.7k |
| Amundi 0.02% of their portfolio | 530.1k $46.1m | Reduced -19.0k |
| Man Group plc 0.12% of their portfolio | 507.5k $44.1m | Reduced -134.5k |
| SHAH CAPITAL MANAGEMENT 12.11% of their portfolio | 498.6k $43.3m | Reduced -329.1k |
| AXIOM INVESTORS LLC /DE 0.37% of their portfolio | 485.1k $42.1m | Added +126.3k |
| 53 HOUSE LLP 10.53% of their portfolio | 472.6k $41.0m | Reduced -38.0k |
| MY.Alpha Management HK Advisors Ltd 14.52% of their portfolio | 445.8k $38.7m | Reduced -125.5k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 441.0k $38.3m | Added +81.7k |
| Verition Fund Management LLC 0.35% of their portfolio | 423.9k $36.8m | Added +233.2k |
| CITIGROUP INC 0.04% of their portfolio | 423.7k $36.8m | Added +417.8k |
| Pinpoint Asset Management Ltd 6.46% of their portfolio | 422.5k $40.2m | Reduced -57.7k |
| Ninety One North America, Inc. 1.74% of their portfolio | 412.1k $35.8m | Added +8.9k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 410.3k $35.6m | Added +388.4k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 381.9k $33.2m | Added +114.5k |
| Panview Asian Equity Master Fund 10.16% of their portfolio | 373.0k $32.4m | Reduced -20.0k |
| Caisse de depot et placement du Quebec 0.08% of their portfolio | 372.7k $32.4m | Reduced -69.2k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 367.7k $31.9m | Reduced -278.5k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 352.7k $30.6m | Reduced -511.1k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 347.3k $30.2m | Added +159.8k |
| BARINGS LLC 0.73% of their portfolio | 333.1k $28.9m | Added +87.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 319.6k $27.7m | Reduced -161.3k |
| Harvest Fund Management Co., Ltd 2.20% of their portfolio | 281.9k $24.5m | Reduced -3.5k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 267.5k $23.2m | Added +50.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 266.6k $23.1m | Reduced -218.4k |
| Aubrey Capital Management Ltd 8.09% of their portfolio | 265.9k $22.8m | Reduced -38.2k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 231.6k $20.1m | Added +135.2k |
| Broad Peak Investment Holdings Ltd. 3.65% of their portfolio | 223.7k $19.4m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 220.4k $19.1m | Reduced -156.0k |
| Blue Creek Capital Management Ltd 14.07% of their portfolio | 219.3k $19.0m | Reduced -158.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 215.7k $18.7m | Reduced -185.0k |
| Carrhae Capital LLP 3.63% of their portfolio | 213.4k $18.5m | Reduced -71.0k |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 205.9k $17.9m | Added +1.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 198.9k $17.3m | Reduced -396.9k |
| Tiger Pacific Capital LP 3.84% of their portfolio | 190.7k $16.6m | Added +69.3k |
| Hel Ved Capital Management Ltd 3.95% of their portfolio | 183.3k $15.9m | Added +80.4k |
| GTS SECURITIES LLC 0.43% of their portfolio | 182.6k $15.9m | Added +120.3k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 178.7k $15.5m | Added +36.7k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.22% of their portfolio | 177.7k $15.4m | New |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 165.9k $14.4m | Reduced -1.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 153.4k $13.3m | Added +40.0k |
| Taikang Asset Management (Hong Kong) Co Ltd 2.61% of their portfolio | 142.9k $12.4m | Reduced -68.9k |
| SELDON CAPITAL LP 7.30% of their portfolio | 138.9k $12.1m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 132.9k $11.5m | Added +6.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 128.6k $11.2m | New |
| Strategic Vision Investment Ltd 7.78% of their portfolio | 124.1k $10.8m | Added +18.2k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 122.3k $10.6m | Reduced -167.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 122.0k $10.6m | Added +101.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 118.9k $10.3m | Reduced -5.7k |
| RWC ASSET ADVISORS (US) LLC 0.76% of their portfolio | 112.0k $9.7m | New |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 111.7k $9.7m | Reduced -15.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio | 100.3k $8.7m | Reduced -15.6k |
| HCEP Management Ltd 1.63% of their portfolio | 100.0k $8.7m | Added +25.0k |
| Quadrature Capital Ltd 0.15% of their portfolio | 99.9k $8.7m | Reduced -24.2k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 1.62% of their portfolio | 94.9k $8.2m | Added +47.9k |
| DANSKE BANK A/S 0.02% of their portfolio | 90.7k $7.9m | First filing |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.13% of their portfolio | 87.9k $7.6m | Reduced -27.7k |
| KADENSA CAPITAL Ltd 1.91% of their portfolio | 81.1k $7.0m | New |
| CI INVESTMENTS INC. 0.03% of their portfolio | 79.9k $6.9m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 79.5k $6.9m | Reduced -5.0k |
| Old Well Partners, LLC 3.06% of their portfolio | 79.2k $6.9m | Reduced -28.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 78.8k $6.8m | Reduced -18 |
| Handelsbanken Fonder AB 0.03% of their portfolio | 76.9k $6.7m | Added +11.4k |
| TWINBEECH CAPITAL LP 0.13% of their portfolio | 74.5k $6.5m | Reduced -5.7k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 71.7k $6.2m | Added +6.8k |
| Swedbank AB 0.01% of their portfolio | 71.1k $6.2m | Reduced -5.6k |
| NOMURA HOLDINGS INC 0.05% of their portfolio | 70.5k $6.1m | Reduced -155.1k |
| Polymer Capital Management (HK) LTD 1.52% of their portfolio | 69.6k $6.0m | Reduced -85.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 67.0k $5.9m | Reduced -24.5k |
| XY Capital Ltd 4.86% of their portfolio | 66.2k $5.8m | Added +4.9k |
| Invesco Ltd. 0.00% of their portfolio | 66.2k $5.7m | Reduced -12.3k |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 60.3k $5.2m | Reduced -150.5k |