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 ($60.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.81. Options: 17 managers hold calls ($50.3m notional), 16 hold puts ($24.0m).
Trends to Q2 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 |
| Q2 2024 | 228 |
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 |
| Q2 2024 | 98 | 147 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $87.9m | $63.4m | 0.72 |
| Q4 2023 | $129.7m | $81.5m | 0.63 |
| Q1 2024 | $85.5m | $54.9m | 0.64 |
| Q2 2024 | $50.3m | $24.0m | 0.48 |
Biggest buyers
| Aspex Management (HK) Ltd | New | +3.2m |
| Trivest Advisors Ltd | Added | +1.7m |
| GOLDMAN SACHS GROUP INC | Added | +981.1k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Added | +854.6k |
| Alpine Investment Management Ltd | New | +580.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +412.2k |
| BRILLIANCE ASSET MANAGEMENT LTD | New | +387.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +378.5k |
| THORNBURG INVESTMENT MANAGEMENT INC | Added | +376.0k |
| JPMORGAN CHASE & CO | Added | +367.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -8.8m |
| FMR LLC | Reduced | -1.9m |
| Tairen Capital Ltd | Sold out | -1.3m |
| BlackRock Inc. | Reduced | -996.2k |
| Ninety One UK Ltd | Reduced | -892.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -769.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -706.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -609.5k |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd | Reduced | -413.4k |
| Ninety One North America, Inc. | Sold out | -412.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $16.8m216.5k shares |
| CITADEL ADVISORS LLC | Reduced | $5.3m67.8k shares |
| GROUP ONE TRADING LLC | Added | $4.9m63.0k shares |
| NOMURA HOLDINGS INC | New | $4.4m57.0k shares |
| GTS SECURITIES LLC | Reduced | $3.7m47.3k shares |
| JANE STREET GROUP, LLC | Reduced | $2.6m33.9k shares |
| IMC-Chicago, LLC | Reduced | $2.6m33.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.8m23.1k shares |
| WOLVERINE TRADING, LLC | Added | $1.6m20.1k shares |
| UBS Group AG | Added | $1.5m19.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.3m94.5k shares |
| Walleye Trading LLC | Added | $3.8m48.3k shares |
| Squarepoint Ops LLC | Reduced | $1.6m20.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m19.7k shares |
| Verition Fund Management LLC | Unchanged | $1.4m18.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.2m15.6k shares |
| IMC-Chicago, LLC | Reduced | $1.2m14.8k shares |
| GROUP ONE TRADING LLC | Reduced | $1.0m13.4k shares |
| GTS SECURITIES LLC | Reduced | $971.6k12.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $909.4k11.7k 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 Q2 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.04% of their portfolio | 6.5m $502.6m | Reduced -8.8m |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 4.0m $308.3m | Reduced -706.5k |
| FMR LLC 0.02% of their portfolio | 3.7m $285.9m | Reduced -1.9m |
| Aspex Management (HK) Ltd 5.38% of their portfolio | 3.2m $251.8m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.42% of their portfolio | 3.2m $246.8m | Added +164.6k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.8m $214.7m | Added +981.1k |
| Trivest Advisors Ltd 9.47% of their portfolio | 2.4m $182.7m | Added +1.7m |
| Greenwoods Asset Management Hong Kong Ltd. 4.10% of their portfolio | 2.0m $155.7m | Added +127.7k |
| WT Asset Management Ltd 13.10% of their portfolio | 1.7m $134.5m | Added +304.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.6m $122.0m | Added +378.5k |
| ALKEON CAPITAL MANAGEMENT LLC 0.62% of their portfolio | 1.6m $121.6m | Reduced -225.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.34% of their portfolio | 1.5m $115.1m | Added +56.1k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.67% of their portfolio | 1.5m $114.2m | Added +854.6k |
| Point72 Hong Kong Ltd 6.53% of their portfolio | 1.4m $107.3m | Added +196.1k |
| KEYSTONE INVESTORS PTE LTD 7.37% of their portfolio | 1.1m $87.5m | Added +20.1k |
| Cederberg Capital Ltd 27.41% of their portfolio | 1.1m $83.4m | Reduced -180.2k |
| FIL Ltd 0.08% of their portfolio | 1.0m $79.7m | Reduced -66.0k |
| NORGES BANK 0.01% of their portfolio | 1.0m $78.6m | Not comparable |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 983.0k $76.4m | Reduced -609.5k |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd 9.04% of their portfolio | 962.1k $74.8m | Reduced -413.4k |
| Driehaus Capital Management LLC 0.62% of their portfolio | 820.0k $63.7m | Reduced -221.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.23% of their portfolio | 805.8k $62.6m | Added +211.3k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 731.8k $56.9m | Added +412.2k |
| SYLEBRA CAPITAL LLC 2.05% of their portfolio | 711.3k $55.3m | Reduced -6.9k |
| Point72 Asset Management, L.P. 0.17% of their portfolio | 686.4k $53.4m | Added +145.2k |
| CITIGROUP INC 0.05% of their portfolio | 667.4k $51.9m | Added +243.7k |
| Yiheng Capital Management, L.P. 7.21% of their portfolio | 657.6k $51.1m | Reduced -50.0k |
| Pinpoint Asset Management Ltd 7.14% of their portfolio | 611.0k $50.7m | Added +188.5k |
| Alpine Investment Management Ltd 17.33% of their portfolio | 580.3k $45.1m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio | 573.2k $44.6m | Added +35.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 565.9k $44.0m | Added +367.0k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.61% of their portfolio | 553.7k $43.1m | Added +376.0k |
| Amundi 0.02% of their portfolio | 527.0k $43.4m | Reduced -3.1k |
| Carrhae Capital LLP 6.67% of their portfolio | 524.3k $40.8m | Added +310.9k |
| BlackRock Inc. 0.00% of their portfolio | 521.4k $40.5m | Reduced -996.2k |
| SHAH CAPITAL MANAGEMENT 7.96% of their portfolio | 473.7k $36.8m | Reduced -24.9k |
| AXIOM INVESTORS LLC /DE 0.30% of their portfolio | 440.8k $34.3m | Reduced -44.3k |
| Panview Asian Equity Master Fund 8.49% of their portfolio | 433.0k $33.7m | Added +60.0k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 412.8k $32.1m | Reduced -28.2k |
| Verition Fund Management LLC 0.25% of their portfolio | 410.0k $31.9m | Reduced -13.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 406.5k $31.6m | Added +186.1k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 406.4k $31.6m | Reduced -3.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 398.9k $31.0m | Reduced -220.2k |
| 53 HOUSE LLP 7.22% of their portfolio | 390.8k $30.4m | Reduced -81.8k |
| BRILLIANCE ASSET MANAGEMENT LTD 7.57% of their portfolio | 387.7k $30.1m | New |
| UBS Group AG 0.01% of their portfolio | 369.4k $28.7m | Reduced -397.8k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 367.6k $28.6m | Reduced -92 |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 334.9k $26.0m | Added +68.3k |
| BARINGS LLC 0.63% of their portfolio | 333.1k $25.9m | Unchanged |
| MY.Alpha Management HK Advisors Ltd 9.10% of their portfolio | 310.9k $24.2m | Reduced -134.9k |
| Man Group plc 0.06% of their portfolio | 274.6k $21.3m | Reduced -232.9k |
| Harvest Fund Management Co., Ltd 1.49% of their portfolio | 264.4k $20.6m | Reduced -17.5k |
| Broad Peak Investment Advisers Pte Ltd 4.09% of their portfolio | 223.7k $17.4m | First filing |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 217.9k $16.9m | Reduced -129.4k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 211.0k $16.4m | Reduced -20.6k |
| Hel Ved Capital Management Ltd 5.34% of their portfolio | 198.0k $15.4m | Added +14.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.09% of their portfolio | 196.5k $15.3m | New |
| Ariose Capital Management Ltd 11.49% of their portfolio | 193.6k $15.0m | New |
| SEI INVESTMENTS CO 0.02% of their portfolio | 190.3k $14.8m | Added +11.6k |
| Capitolis Liquid Global Markets LLC 0.17% of their portfolio | 180.0k $14.0m | New |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 174.4k $13.6m | Reduced -93.1k |
| Strategic Vision Investment Ltd 23.75% of their portfolio | 173.3k $13.5m | Added +49.2k |
| Polymer Capital Management (HK) LTD 2.64% of their portfolio | 167.3k $13.0m | Added +97.7k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 152.8k $11.9m | Added +30.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 152.7k $11.9m | Reduced -746 |
| Grand Alliance Asset Management Ltd 5.29% of their portfolio | 142.5k $11.1m | New |
| SELDON CAPITAL LP 5.90% of their portfolio | 138.9k $10.8m | Unchanged |
| Tiger Pacific Capital LP 2.78% of their portfolio | 124.0k $9.6m | Reduced -66.7k |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 120.7k $9.4m | Reduced -251.9k |
| BARCLAYS PLC 0.00% of their portfolio | 113.4k $8.8m | Added +112.5k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 112.2k $8.7m | Added +53.7k |
| Legal & General Group Plc 0.00% of their portfolio | 107.6k $8.4m | Reduced -25.4k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 104.7k $8.1m | Reduced -17.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.13% of their portfolio | 102.1k $7.9m | Added +14.2k |
| KADENSA CAPITAL Ltd 1.67% of their portfolio | 91.0k $7.1m | Added +10.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 90.2k $7.0m | Reduced -262.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 88.4k $6.9m | Added +9.7k |
| NOMURA HOLDINGS INC 0.04% of their portfolio | 82.3k $6.4m | Added +11.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio | 79.9k $6.2m | Reduced -20.5k |
| Handelsbanken Fonder AB 0.03% of their portfolio | 75.0k $5.8m | Reduced -1.9k |
| Invesco Ltd. 0.00% of their portfolio | 72.5k $5.6m | Added +6.3k |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 72.1k $5.6m | Added +16.4k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 71.9k $5.6m | Added +114 |
| Swedbank AB 0.01% of their portfolio | 71.1k $5.5m | Unchanged |
| Oasis Management Co Ltd. 1.65% of their portfolio | 65.1k $5.1m | New |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 64.2k $5.0m | Reduced -141.7k |
| Quadrature Capital Ltd 0.08% of their portfolio | 62.0k $4.8m | Reduced -37.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 61.0k $4.7m | Reduced -18.6k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 60.4k $4.7m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 57.9k $4.5m | Added +511 |
| Allianz Asset Management GmbH 0.01% of their portfolio | 57.0k $4.4m | Added +24.0k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 0.95% of their portfolio | 56.3k $4.4m | Reduced -38.7k |
| AI-Squared Management Ltd 3.96% of their portfolio | 55.8k $4.3m | New |
| Squarepoint Ops LLC 0.02% of their portfolio | 53.2k $4.1m | Added +21.2k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 52.7k $4.1m | Reduced -7.6k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 50.8k $4.0m | Added +46.6k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 50.4k $3.9m | Added +10.3k |
| SEVEN EIGHT CAPITAL, LP 0.40% of their portfolio | 49.3k $3.8m | Reduced -4.6k |
| Engineers Gate Manager LP 0.09% of their portfolio | 48.8k $3.8m | Added +20.2k |
| Dorsey Wright & Associates 0.97% of their portfolio | 48.2k $3.7m | Reduced -520 |