Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

228 institutional holders -27 vs Q1 2024
64,555,62064.6m shares reported held*
$5.0bnreported value*
26 new 72 added 95 reduced 52 sold out net sold ≈ $736.0m (-9.5m 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 ($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

0100200300Q3 22: 153Q4 22: 182Q1 23: 176Q2 23: 177Q3 23: 189Q4 23: 236Q1 24: 255Q2 24: 228228Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022153
Q4 2022182
Q1 2023176
Q2 2023177
Q3 2023189
Q4 2023236
Q1 2024255
Q2 2024228

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 outQ2 23: 84 bought or addedQ2 23: 90 cut or sold outQ2 23Q3 23: 94 bought or addedQ3 23: 91 cut or sold outQ4 23: 122 bought or addedQ4 23: 107 cut or sold outQ4 23Q1 24: 127 bought or addedQ1 24: 136 cut or sold outQ2 24: 98 bought or addedQ2 24: 147 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20229686
Q1 202385100
Q2 20238490
Q3 20239491
Q4 2023122107
Q1 2024127136
Q2 202498147

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 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 0.64Q2 24 calls: $50.3mQ2 24 puts: $24.0mQ2 24P/C 0.48
Numbers
QuarterCallsPutsP/C
Q3 2023$87.9m$63.4m0.72
Q4 2023$129.7m$81.5m0.63
Q1 2024$85.5m$54.9m0.64
Q2 2024$50.3m$24.0m0.48

Biggest buyers

Aspex Management (HK) Ltd New +3,239,700+3.2m
Trivest Advisors Ltd Added +1,698,300+1.7m
GOLDMAN SACHS GROUP INC Added +981,053+981.1k
FARALLON CAPITAL MANAGEMENT, L.L.C. Added +854,590+854.6k
Alpine Investment Management Ltd New +580,278+580.3k
MILLENNIUM MANAGEMENT LLC Added +412,198+412.2k
BRILLIANCE ASSET MANAGEMENT LTD New +387,653+387.7k
PRICE T ROWE ASSOCIATES INC /MD/ Added +378,501+378.5k
THORNBURG INVESTMENT MANAGEMENT INC Added +376,036+376.0k
JPMORGAN CHASE & CO Added +367,038+367.0k

Biggest sellers

MORGAN STANLEY Reduced -8,838,327-8.8m
FMR LLC Reduced -1,937,006-1.9m
Tairen Capital Ltd Sold out -1,334,781-1.3m
BlackRock Inc. Reduced -996,194-996.2k
Ninety One UK Ltd Reduced -892,364-892.4k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -769,944-769.9k
BANK OF AMERICA CORP /DE/ Reduced -706,472-706.5k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -609,492-609.5k
KEYWISE CAPITAL MANAGEMENT (HK) Ltd Reduced -413,400-413.4k
Ninety One North America, Inc. Sold out -412,066-412.1k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 6,466,4796.5m $502.6m $502.6m 0.04% Reduced -8.8m -8,838,327
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,966,3424.0m $308.3m $308.3m 0.03% Reduced -706.5k -706,472
3 FMR LLC 0.02% of their portfolio BOSTON, MA 3,678,2943.7m $285.9m $285.9m 0.02% Reduced -1.9m -1,937,006
4 Aspex Management (HK) Ltd 5.38% of their portfolio CENTRAL, K3 3,239,7003.2m $251.8m $251.8m 5.38% New
5 RENAISSANCE TECHNOLOGIES LLC 0.42% of their portfolio NEW YORK, NY 3,175,5543.2m $246.8m $246.8m 0.42% Added +164.6k +164,600
6 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,762,1322.8m $214.7m $214.7m 0.04% Added +981.1k +981,053
7 Trivest Advisors Ltd 9.47% of their portfolio Hong Kong, K3 2,350,3002.4m $182.7m $182.7m 9.47% Added +1.7m +1,698,300
8 Greenwoods Asset Management Hong Kong Ltd. 4.10% of their portfolio HONG KONG, K3 2,003,0102.0m $155.7m $155.7m 4.10% Added +127.7k +127,700
9 WT Asset Management Ltd 13.10% of their portfolio HONG KONG, K3 1,730,7721.7m $134.5m $134.5m 13.10% Added +304.7k +304,712
10 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,569,3601.6m $122.0m $122.0m 0.01% Added +378.5k +378,501
11 ALKEON CAPITAL MANAGEMENT LLC 0.62% of their portfolio New York, NY 1,564,9411.6m $121.6m $121.6m 0.62% Reduced -225.0k -225,000
12 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.34% of their portfolio TORONTO, A6 1,480,4001.5m $115.1m $115.1m 0.34% Added +56.1k +56,100
13 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.67% of their portfolio SAN FRANCISCO, CA 1,469,5901.5m $114.2m $114.2m 0.67% Added +854.6k +854,590
14 Point72 Hong Kong Ltd 6.53% of their portfolio HONG KONG, K3 1,380,1991.4m $107.3m $107.3m 6.53% Added +196.1k +196,133
15 KEYSTONE INVESTORS PTE LTD 7.37% of their portfolio SINGAPORE, U0 1,126,1881.1m $87.5m $87.5m 7.37% Added +20.1k +20,147
16 Cederberg Capital Ltd 27.41% of their portfolio LONDON, X0 1,072,7001.1m $83.4m $83.4m 27.41% Reduced -180.2k -180,150
17 FIL Ltd 0.08% of their portfolio HAMILTON, D0 1,025,3671.0m $79.7m $79.7m 0.08% Reduced -66.0k -65,980
18 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,011,5891.0m $78.6m $78.6m 0.01% Not comparable
19 SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio London, X0 982,975983.0k $76.4m $76.4m 0.08% Reduced -609.5k -609,492
20 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 9.04% of their portfolio HONG KONG, K3 962,140962.1k $74.8m $74.8m 9.04% Reduced -413.4k -413,400
21 Driehaus Capital Management LLC 0.62% of their portfolio Chicago, IL 819,972820.0k $63.7m $63.7m 0.62% Reduced -221.1k -221,127
22 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.23% of their portfolio JUPITER, FL 805,768805.8k $62.6m $62.6m 0.23% Added +211.3k +211,305
23 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 731,758731.8k $56.9m $56.9m 0.05% Added +412.2k +412,198
24 SYLEBRA CAPITAL LLC 2.05% of their portfolio PALO ALTO, CA 711,333711.3k $55.3m $55.3m 2.05% Reduced -6.9k -6,945
25 Point72 Asset Management, L.P. 0.17% of their portfolio STAMFORD, CT 686,400686.4k $53.4m $53.4m 0.17% Added +145.2k +145,200
26 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 667,370667.4k $51.9m $51.9m 0.05% Added +243.7k +243,689
27 Yiheng Capital Management, L.P. 7.21% of their portfolio SAN FRANCISCO, CA 657,629657.6k $51.1m $51.1m 7.21% Reduced -50.0k -50,000
28 Pinpoint Asset Management Ltd 7.14% of their portfolio HONG KONG, K3 610,989611.0k $50.7m $50.7m 7.14% Added +188.5k +188,512
29 Alpine Investment Management Ltd 17.33% of their portfolio HONG KONG, K3 580,278580.3k $45.1m $45.1m 17.33% New
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio Paris, I0 573,163573.2k $44.6m $44.6m 0.12% Added +35.0k +35,049
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 565,946565.9k $44.0m $44.0m 0.00% Added +367.0k +367,038
32 THORNBURG INVESTMENT MANAGEMENT INC 0.61% of their portfolio SANTA FE, NM 553,694553.7k $43.1m $43.1m 0.61% Added +376.0k +376,036
33 Amundi 0.02% of their portfolio Paris, I0 527,041527.0k $43.4m $43.4m 0.02% Reduced -3.1k -3,069
34 Carrhae Capital LLP 6.67% of their portfolio London, X0 524,339524.3k $40.8m $40.8m 6.67% Added +310.9k +310,897
35 BlackRock Inc. 0.00% of their portfolio New York, NY 521,403521.4k $40.5m $40.5m 0.00% Reduced -996.2k -996,194
36 SHAH CAPITAL MANAGEMENT 7.96% of their portfolio RALEIGH, NC 473,682473.7k $36.8m $36.8m 7.96% Reduced -24.9k -24,948
37 AXIOM INVESTORS LLC /DE 0.30% of their portfolio GREENWICH, CT 440,768440.8k $34.3m $34.3m 0.30% Reduced -44.3k -44,292
38 Panview Asian Equity Master Fund 8.49% of their portfolio CENTRAL, K3 432,972433.0k $33.7m $33.7m 8.49% Added +60.0k +60,000
39 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 412,829412.8k $32.1m $32.1m 0.03% Reduced -28.2k -28,164
40 Verition Fund Management LLC 0.25% of their portfolio GREENWICH, CT 409,996410.0k $31.9m $31.9m 0.25% Reduced -13.9k -13,868
41 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 406,509406.5k $31.6m $31.6m 0.01% Added +186.1k +186,117
42 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 406,375406.4k $31.6m $31.6m 0.02% Reduced -3.9k -3,887
43 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 398,882398.9k $31.0m $31.0m 0.03% Reduced -220.2k -220,179
44 53 HOUSE LLP 7.22% of their portfolio LONDON, X0 390,822390.8k $30.4m $30.4m 7.22% Reduced -81.8k -81,766
45 BRILLIANCE ASSET MANAGEMENT LTD 7.57% of their portfolio ADMIRALTY, HONG KONG, K3 387,653387.7k $30.1m $30.1m 7.57% New
46 UBS Group AG 0.01% of their portfolio ZURICH, V8 369,382369.4k $28.7m $28.7m 0.01% Reduced -397.8k -397,823
47 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 367,605367.6k $28.6m $28.6m 0.03% Reduced -92 -92
48 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 334,948334.9k $26.0m $26.0m 0.03% Added +68.3k +68,321
49 BARINGS LLC 0.63% of their portfolio CHARLOTTE, NC 333,147333.1k $25.9m $25.9m 0.63% Unchanged
50 MY.Alpha Management HK Advisors Ltd 9.10% of their portfolio HONG KONG, K3 310,926310.9k $24.2m $24.2m 9.10% Reduced -134.9k -134,907
51 Man Group plc 0.06% of their portfolio LONDON, X0 274,550274.6k $21.3m $21.3m 0.06% Reduced -232.9k -232,920
52 Harvest Fund Management Co., Ltd 1.49% of their portfolio BEIJING, F4 264,420264.4k $20.6m $20.6m 1.49% Reduced -17.5k -17,516
53 Broad Peak Investment Advisers Pte Ltd 4.09% of their portfolio SINGAPORE, U0 223,650223.7k $17.4m $17.4m 4.09% First filing
54 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 217,878217.9k $16.9m $16.9m 0.02% Reduced -129.4k -129,397
55 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 210,987211.0k $16.4m $16.4m 0.01% Reduced -20.6k -20,642
56 Hel Ved Capital Management Ltd 5.34% of their portfolio CENTRAL, K3 197,969198.0k $15.4m $15.4m 5.34% Added +14.7k +14,700
57 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.09% of their portfolio VICTORIA, A1 196,500196.5k $15.3m $15.3m 0.09% New
58 Ariose Capital Management Ltd 11.49% of their portfolio CENTRAL, HONG KONG, K3 193,572193.6k $15.0m $15.0m 11.49% New
59 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 190,302190.3k $14.8m $14.8m 0.02% Added +11.6k +11,622
60 Capitolis Liquid Global Markets LLC 0.17% of their portfolio NEW YORK, NY 180,000180.0k $14.0m $14.0m 0.17% New
61 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 174,431174.4k $13.6m $13.6m 0.02% Reduced -93.1k -93,085
62 Strategic Vision Investment Ltd 23.75% of their portfolio Hong Kong, K3 173,300173.3k $13.5m $13.5m 23.75% Added +49.2k +49,200
63 Polymer Capital Management (HK) LTD 2.64% of their portfolio HONG KONG, K3 167,347167.3k $13.0m $13.0m 2.64% Added +97.7k +97,741
64 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 152,754152.8k $11.9m $11.9m 0.01% Added +30.7k +30,741
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 152,688152.7k $11.9m $11.9m 0.00% Reduced -746 -746
66 Grand Alliance Asset Management Ltd 5.29% of their portfolio HONG KONG, K3 142,520142.5k $11.1m $11.1m 5.29% New
67 SELDON CAPITAL LP 5.90% of their portfolio SAN FRANCISCO, CA 138,943138.9k $10.8m $10.8m 5.90% Unchanged
68 Tiger Pacific Capital LP 2.78% of their portfolio NEW YORK, NY 123,989124.0k $9.6m $9.6m 2.78% Reduced -66.7k -66,700
69 Caisse de depot et placement du Quebec 0.02% of their portfolio Montreal, A8 120,722120.7k $9.4m $9.4m 0.02% Reduced -251.9k -251,938
70 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 113,380113.4k $8.8m $8.8m 0.00% Added +112.5k +112,458
71 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 112,248112.2k $8.7m $8.7m 0.01% Added +53.7k +53,709
72 Legal & General Group Plc 0.00% of their portfolio London, X0 107,570107.6k $8.4m $8.4m 0.00% Reduced -25.4k -25,376
73 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 104,650104.7k $8.1m $8.1m 0.02% Reduced -17.7k -17,700
74 EDMOND DE ROTHSCHILD HOLDING S.A. 0.13% of their portfolio CHAMBESY, V8 102,085102.1k $7.9m $7.9m 0.13% Added +14.2k +14,161
75 KADENSA CAPITAL Ltd 1.67% of their portfolio CENTRAL, K3 91,03591.0k $7.1m $7.1m 1.67% Added +10.0k +9,971
76 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 90,15690.2k $7.0m $7.0m 0.01% Reduced -262.6k -262,556
77 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 88,43588.4k $6.9m $6.9m 0.00% Added +9.7k +9,658
78 NOMURA HOLDINGS INC 0.04% of their portfolio TOKYO, M0 82,28882.3k $6.4m $6.4m 0.04% Added +11.8k +11,820
79 CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio PARIS, I0 79,88079.9k $6.2m $6.2m 0.07% Reduced -20.5k -20,467
80 Handelsbanken Fonder AB 0.03% of their portfolio STOCKHOLM, V7 75,00075.0k $5.8m $5.8m 0.03% Reduced -1.9k -1,900
81 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 72,46872.5k $5.6m $5.6m 0.00% Added +6.3k +6,263
82 Cubist Systematic Strategies, LLC 0.10% of their portfolio STAMFORD, CT 72,05672.1k $5.6m $5.6m 0.10% Added +16.4k +16,409
83 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 71,86171.9k $5.6m $5.6m 0.00% Added +114 +114
84 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 71,07771.1k $5.5m $5.5m 0.01% Unchanged
85 Oasis Management Co Ltd. 1.65% of their portfolio GRAND CAYMAN, E9 65,10065.1k $5.1m $5.1m 1.65% New
86 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 64,15864.2k $5.0m $5.0m 0.01% Reduced -141.7k -141,702
87 Quadrature Capital Ltd 0.08% of their portfolio LONDON, X0 62,04162.0k $4.8m $4.8m 0.08% Reduced -37.8k -37,810
88 STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio LYSAKER, Q8 60,98061.0k $4.7m $4.7m 0.02% Reduced -18.6k -18,568
89 ExodusPoint Capital Management, LP 0.05% of their portfolio NEW YORK, NY 60,42160.4k $4.7m $4.7m 0.05% New
90 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 57,86757.9k $4.5m $4.5m 0.00% Added +511 +511
91 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 56,97557.0k $4.4m $4.4m 0.01% Added +24.0k +24,000
92 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 0.95% of their portfolio SAN FRANCISCO, CA 56,25356.3k $4.4m $4.4m 0.95% Reduced -38.7k -38,652
93 AI-Squared Management Ltd 3.96% of their portfolio HONG KONG, K3 55,80055.8k $4.3m $4.3m 3.96% New
94 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 53,16853.2k $4.1m $4.1m 0.02% Added +21.2k +21,180
95 Schonfeld Strategic Advisors LLC 0.03% of their portfolio NEW YORK, NY 52,66552.7k $4.1m $4.1m 0.03% Reduced -7.6k -7,601
96 PRELUDE CAPITAL MANAGEMENT, LLC 0.33% of their portfolio NEW YORK, NY 50,84250.8k $4.0m $4.0m 0.33% Added +46.6k +46,557
97 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 50,43850.4k $3.9m $3.9m 0.00% Added +10.3k +10,262
98 SEVEN EIGHT CAPITAL, LP 0.40% of their portfolio New York, NY 49,30649.3k $3.8m $3.8m 0.40% Reduced -4.6k -4,600
99 Engineers Gate Manager LP 0.09% of their portfolio NEW YORK, NY 48,76948.8k $3.8m $3.8m 0.09% Added +20.2k +20,176
100 Dorsey Wright & Associates 0.97% of their portfolio PASADENA, CA 48,21148.2k $3.7m $3.7m 0.97% Reduced -520 -520