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 ($4.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.27. Options: 17 managers hold calls ($47.4m notional), 16 hold puts ($35.9m).
Trends to Q4 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 |
| Q3 2024 | 215 |
| Q4 2024 | 204 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 85 | 100 |
| Q2 2023 | 84 | 90 |
| Q3 2023 | 94 | 91 |
| Q4 2023 | 122 | 107 |
| Q1 2024 | 127 | 136 |
| Q2 2024 | 98 | 147 |
| Q3 2024 | 105 | 127 |
| Q4 2024 | 89 | 132 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $85.5m | $54.9m | 0.64 |
| Q2 2024 | $50.3m | $24.0m | 0.48 |
| Q3 2024 | $53.9m | $36.9m | 0.69 |
| Q4 2024 | $47.4m | $35.9m | 0.76 |
Biggest buyers
| Aspex Management (HK) Ltd | Added | +2.7m |
| UBS Group AG | Added | +2.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.5m |
| FMR LLC | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +623.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +442.7k |
| Carrhae Capital LLP | Added | +358.5k |
| Point72 Hong Kong Ltd | New | +344.9k |
| Green Court Capital Management Ltd | New | +329.6k |
| MACQUARIE GROUP LTD | Added | +288.5k |
Biggest sellers
| Trivest Advisors Ltd | Sold out | -1.7m |
| MORGAN STANLEY | Reduced | -1.3m |
| THORNBURG INVESTMENT MANAGEMENT INC | Reduced | -825.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -818.8k |
| Greenwoods Asset Management Hong Kong Ltd. | Reduced | -582.4k |
| WT Asset Management Ltd | Reduced | -530.9k |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd | Reduced | -481.4k |
| Broad Peak Investment Advisers Pte Ltd | Sold out | -421.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -411.2k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -386.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.2m237.0k shares |
| JANE STREET GROUP, LLC | Added | $4.6m71.8k shares |
| GROUP ONE TRADING LLC | Reduced | $4.4m68.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.9m61.5k shares |
| UBS Group AG | Added | $3.7m57.1k shares |
| Squarepoint Ops LLC | New | $2.8m43.2k shares |
| WOLVERINE TRADING, LLC | Added | $2.3m35.9k shares |
| PEAK6 LLC | First filing | $2.3m35.2k shares |
| IMC-Chicago, LLC | Added | $1.9m30.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.9m29.6k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | New | $11.8m183.8k shares |
| JANE STREET GROUP, LLC | Added | $7.3m113.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.2m96.0k shares |
| Parallax Volatility Advisers, L.P. | New | $2.2m35.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m32.3k shares |
| GROUP ONE TRADING LLC | Added | $1.3m20.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m17.0k shares |
| Verition Fund Management LLC | Reduced | $988.4k15.4k shares |
| WOLVERINE TRADING, LLC | Added | $869.0k13.8k shares |
| PEAK6 LLC | First filing | $750.9k11.7k 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 Q4 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Aspex Management (HK) Ltd 12.93% of their portfolio | 7.5m $478.5m | Added +2.7m |
| MORGAN STANLEY 0.02% of their portfolio | 5.4m $344.0m | Reduced -1.3m |
| FMR LLC 0.02% of their portfolio | 4.5m $291.4m | Added +1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 3.9m $250.0m | Added +1.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.30% of their portfolio | 3.2m $205.4m | Reduced -386.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio | 3.0m $193.8m | Added +442.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.5m $159.2m | Reduced -411.2k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.80% of their portfolio | 2.4m $151.4m | Reduced -174.4k |
| UBS Group AG 0.03% of their portfolio | 2.3m $149.8m | Added +2.2m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.3m $146.1m | Added +623.2k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.0m $130.0m | Reduced -200.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.24% of their portfolio | 1.8m $113.0m | Reduced -62.4k |
| NORGES BANK 0.01% of their portfolio | 1.4m $92.3m | Reduced -308.7k |
| FIL Ltd 0.08% of their portfolio | 1.3m $84.6m | Added +113.7k |
| ALKEON CAPITAL MANAGEMENT LLC 0.48% of their portfolio | 1.3m $83.7m | Reduced -260.0k |
| Greenwoods Asset Management Hong Kong Ltd. 2.49% of their portfolio | 1.2m $78.8m | Reduced -582.4k |
| Cederberg Capital Ltd 23.70% of their portfolio | 1.1m $69.8m | Added +5.0k |
| Carrhae Capital LLP 7.91% of their portfolio | 1.0m $66.9m | Added +358.5k |
| OLP CAPITAL MANAGEMENT Ltd 7.50% of their portfolio | 923.3k $59.3m | Added +206.1k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 872.5k $56.0m | Added +288.5k |
| CITIGROUP INC 0.05% of their portfolio | 796.7k $51.1m | Reduced -6.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 738.7k $47.4m | Reduced -255.7k |
| BlackRock, Inc. 0.00% of their portfolio | 700.8k $45.0m | Reduced -232.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 627.7k $40.3m | Added +230.1k |
| Pinpoint Asset Management Ltd 7.63% of their portfolio | 560.0k $43.0m | Added +194.1k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 525.1k $33.4m | Added +126.3k |
| Yiheng Capital Management, L.P. 7.36% of their portfolio | 518.3k $33.3m | Unchanged |
| Amundi 0.01% of their portfolio | 502.7k $32.1m | Reduced -29.7k |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd 2.53% of their portfolio | 475.4k $30.5m | Reduced -481.4k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 456.0k $29.3m | Reduced -89.0k |
| Panview Capital Ltd 5.84% of their portfolio | 426.3k $27.4m | First filing |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 405.8k $26.0m | Reduced -186.7k |
| BRILLIANCE ASSET MANAGEMENT LTD 5.08% of their portfolio | 351.1k $22.5m | Reduced -27.1k |
| Point72 Hong Kong Ltd 1.38% of their portfolio | 344.9k $22.1m | New |
| Green Court Capital Management Ltd 13.98% of their portfolio | 329.6k $21.2m | New |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 311.9k $20.0m | Reduced -92.8k |
| SHAH CAPITAL MANAGEMENT 3.99% of their portfolio | 308.6k $19.8m | Reduced -1.1k |
| First Beijing Investment Ltd 1.19% of their portfolio | 260.1k $16.7m | New |
| APG Asset Management N.V. 0.04% of their portfolio | 252.5k $15.6m | New |
| BARINGS LLC 0.35% of their portfolio | 231.2k $14.8m | Reduced -163.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 220.1k $14.1m | Reduced -818.8k |
| Hel Ved Capital Management Ltd 4.09% of their portfolio | 208.2k $13.4m | Reduced -103.4k |
| Harvest Fund Management Co., Ltd 0.61% of their portfolio | 203.8k $13.1m | Reduced -85.6k |
| SYLEBRA CAPITAL LLC 0.49% of their portfolio | 201.9k $13.0m | Reduced -165.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 174.7k $11.2m | Added +21.8k |
| Blue Creek Capital Management Ltd 14.99% of their portfolio | 170.5k $10.9m | Reduced -106.6k |
| Verition Fund Management LLC 0.05% of their portfolio | 165.4k $10.6m | Added +104.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 161.8k $10.4m | Reduced -1.9k |
| Invesco Ltd. 0.00% of their portfolio | 156.3k $10.0m | Added +76.4k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 155.3k $10.0m | Added +6.3k |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 136.4k $8.8m | Reduced -43.8k |
| KADENSA CAPITAL Ltd 1.04% of their portfolio | 133.8k $8.6m | Added +6.7k |
| WT Asset Management Ltd 0.88% of their portfolio | 124.9k $8.0m | Reduced -530.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 124.5k $8.0m | Added +90.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 121.6k $7.8m | Reduced -151.1k |
| Legal & General Group Plc 0.00% of their portfolio | 115.9k $7.4m | Reduced -11.0k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 114.1k $7.3m | Reduced -825.2k |
| IvyRock Asset Management (HK) Ltd 3.08% of their portfolio | 108.0k $6.9m | Reduced -7.5k |
| Oasis Management Co Ltd. 2.04% of their portfolio | 98.6k $6.3m | Added +25.5k |
| BARCLAYS PLC 0.00% of their portfolio | 95.7k $6.1m | Added +94.6k |
| Ariose Capital Management Ltd 4.93% of their portfolio | 92.8k $6.0m | New |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 87.4k $5.5m | Added +21.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 87.3k $5.6m | New |
| AIA Group Ltd 0.13% of their portfolio | 83.0k $5.3m | Added +8.2k |
| Polymer Capital Management (HK) LTD 0.93% of their portfolio | 83.0k $5.3m | Added +16.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 81.9k $5.3m | Reduced -279.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.09% of their portfolio | 81.8k $5.2m | Reduced -29.6k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 69.9k $4.5m | Added +32.1k |
| Artisan Partners Limited Partnership 0.01% of their portfolio | 69.1k $4.4m | Added +17.9k |
| Siren, L.L.C. 0.19% of their portfolio | 68.5k $4.4m | Added +30.0k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 67.5k $4.3m | Reduced -2.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 65.6k $4.2m | Reduced -67 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 64.0k $4.1m | Added +33.1k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 57.5k $3.7m | New |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 55.1k $3.5m | Reduced -11.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 51.7k $3.3m | Reduced -5.2k |
| Fiera Capital Corp 0.01% of their portfolio | 51.4k $3.3m | Added +25 |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 50.8k $3.3m | Reduced -9.0k |
| LBP AM SA 0.04% of their portfolio | 47.7k $3.1m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 43.3k $2.8m | Added +21.0k |
| Hidden Lake Asset Management LP 1.81% of their portfolio | 41.4k $2.7m | Reduced -22.3k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 40.6k $2.6m | Reduced -370.1k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio | 36.9k $2.4m | New |
| GF FUND MANAGEMENT CO. LTD. 0.05% of their portfolio | 33.9k $2.2m | First filing |
| SERENITY CAPITAL MANAGEMENT PTE. LTD. 1.44% of their portfolio | 33.4k $2.1m | New |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 31.3k $2.0m | Added +1.5k |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 30.2k $1.9m | Reduced -24.8k |
| GSA CAPITAL PARTNERS LLP 0.14% of their portfolio | 29.9k $1.9m | Added +645 |
| Swedbank AB 0.00% of their portfolio | 29.7k $1.9m | Reduced -41.4k |
| Carmignac Gestion 0.03% of their portfolio | 29.4k $1.9m | Added +3.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 28.2k $1.8m | Reduced -71.6k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.05% of their portfolio | 26.5k $1.7m | Unchanged |
| Veritas Asset Management LLP 0.02% of their portfolio | 26.0k $1.7m | Unchanged |
| Prescott Group Capital Management, L.L.C. 0.22% of their portfolio | 25.3k $1.6m | Added +15.3k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 23.1k $1.5m | Added +18.1k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 21.6k $1.4m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 21.5k $1.4m | Added +247 |
| Allianz Asset Management GmbH 0.00% of their portfolio | 21.3k $1.4m | Reduced -13.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 20.6k $1.3m | Reduced -373.4k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 20.0k $1.3m | Reduced -55.0k |