Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

204 institutional holders -11 vs Q3 2024
64,296,63864.3m shares reported held*
$4.1bnreported value*
36 new 53 added 79 reduced 53 sold out net sold ≈ $87.3m (-1.4m 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 ($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

0100200300Q3 22: 153Q4 22: 182Q1 23: 176Q2 23: 177Q3 23: 189Q4 23: 236Q1 24: 255Q2 24: 228Q3 24: 215Q4 24: 204204Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022153
Q4 2022182
Q1 2023176
Q2 2023177
Q3 2023189
Q4 2023236
Q1 2024255
Q2 2024228
Q3 2024215
Q4 2024204

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 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 24Q3 24: 105 bought or addedQ3 24: 127 cut or sold outQ4 24: 89 bought or addedQ4 24: 132 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 202385100
Q2 20238490
Q3 20239491
Q4 2023122107
Q1 2024127136
Q2 202498147
Q3 2024105127
Q4 202489132

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ1 24 calls: $85.5mQ1 24 puts: $54.9mQ1 24P/C 0.64Q2 24 calls: $50.3mQ2 24 puts: $24.0mQ2 24P/C 0.48Q3 24 calls: $53.9mQ3 24 puts: $36.9mQ3 24P/C 0.69Q4 24 calls: $47.4mQ4 24 puts: $35.9mQ4 24P/C 0.76
Numbers
QuarterCallsPutsP/C
Q1 2024$85.5m$54.9m0.64
Q2 2024$50.3m$24.0m0.48
Q3 2024$53.9m$36.9m0.69
Q4 2024$47.4m$35.9m0.76

Biggest buyers

Aspex Management (HK) Ltd Added +2,701,566+2.7m
UBS Group AG Added +2,194,065+2.2m
PRICE T ROWE ASSOCIATES INC /MD/ Added +1,480,391+1.5m
FMR LLC Added +1,437,656+1.4m
JPMORGAN CHASE & CO Added +623,196+623.2k
SCHRODER INVESTMENT MANAGEMENT GROUP Added +442,656+442.7k
Carrhae Capital LLP Added +358,502+358.5k
Point72 Hong Kong Ltd New +344,948+344.9k
Green Court Capital Management Ltd New +329,574+329.6k
MACQUARIE GROUP LTD Added +288,488+288.5k

Biggest sellers

Trivest Advisors Ltd Sold out -1,734,100-1.7m
MORGAN STANLEY Reduced -1,265,094-1.3m
THORNBURG INVESTMENT MANAGEMENT INC Reduced -825,186-825.2k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -818,790-818.8k
Greenwoods Asset Management Hong Kong Ltd. Reduced -582,416-582.4k
WT Asset Management Ltd Reduced -530,910-530.9k
KEYWISE CAPITAL MANAGEMENT (HK) Ltd Reduced -481,450-481.4k
Broad Peak Investment Advisers Pte Ltd Sold out -421,941-421.9k
BANK OF AMERICA CORP /DE/ Reduced -411,248-411.2k
RENAISSANCE TECHNOLOGIES LLC Reduced -386,400-386.4k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aspex Management (HK) Ltd 12.93% of their portfolio CENTRAL, K3 7,454,9067.5m $478.5m $478.5m 12.93% Added +2.7m +2,701,566
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,359,3385.4m $344.0m $344.0m 0.02% Reduced -1.3m -1,265,094
3 FMR LLC 0.02% of their portfolio BOSTON, MA 4,539,6784.5m $291.4m $291.4m 0.02% Added +1.4m +1,437,656
4 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 3,894,5413.9m $250.0m $250.0m 0.03% Added +1.5m +1,480,391
5 RENAISSANCE TECHNOLOGIES LLC 0.30% of their portfolio NEW YORK, NY 3,200,2543.2m $205.4m $205.4m 0.30% Reduced -386.4k -386,400
6 SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio London, X0 3,019,8593.0m $193.8m $193.8m 0.19% Added +442.7k +442,656
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,480,0882.5m $159.2m $159.2m 0.01% Reduced -411.2k -411,248
8 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.80% of their portfolio SAN FRANCISCO, CA 2,359,1502.4m $151.4m $151.4m 0.80% Reduced -174.4k -174,450
9 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,334,6702.3m $149.8m $149.8m 0.03% Added +2.2m +2,194,065
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,276,7622.3m $146.1m $146.1m 0.01% Added +623.2k +623,196
11 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,026,1092.0m $130.0m $130.0m 0.02% Reduced -200.0k -200,028
12 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.24% of their portfolio TORONTO, A6 1,760,8001.8m $113.0m $113.0m 0.24% Reduced -62.4k -62,400
13 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,438,8421.4m $92.3m $92.3m 0.01% Reduced -308.7k -308,670
14 FIL Ltd 0.08% of their portfolio HAMILTON, D0 1,318,4321.3m $84.6m $84.6m 0.08% Added +113.7k +113,715
15 ALKEON CAPITAL MANAGEMENT LLC 0.48% of their portfolio New York, NY 1,303,5971.3m $83.7m $83.7m 0.48% Reduced -260.0k -260,000
16 Greenwoods Asset Management Hong Kong Ltd. 2.49% of their portfolio HONG KONG, K3 1,228,3181.2m $78.8m $78.8m 2.49% Reduced -582.4k -582,416
17 Cederberg Capital Ltd 23.70% of their portfolio LONDON, X0 1,088,0501.1m $69.8m $69.8m 23.70% Added +5.0k +5,000
18 Carrhae Capital LLP 7.91% of their portfolio London, X0 1,042,6891.0m $66.9m $66.9m 7.91% Added +358.5k +358,502
19 OLP CAPITAL MANAGEMENT Ltd 7.50% of their portfolio CAUSEWAY BAY, K3 923,306923.3k $59.3m $59.3m 7.50% Added +206.1k +206,073
20 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 872,479872.5k $56.0m $56.0m 0.07% Added +288.5k +288,488
21 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 796,680796.7k $51.1m $51.1m 0.05% Reduced -6.8k -6,828
22 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 738,741738.7k $47.4m $47.4m 0.01% Reduced -255.7k -255,690
23 BlackRock, Inc. 0.00% of their portfolio New York, NY 700,809700.8k $45.0m $45.0m 0.00% Reduced -232.2k -232,222
24 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 627,686627.7k $40.3m $40.3m 0.01% Added +230.1k +230,140
25 Pinpoint Asset Management Ltd 7.63% of their portfolio HONG KONG, K3 559,969560.0k $43.0m $43.0m 7.63% Added +194.1k +194,108
26 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 525,101525.1k $33.4m $33.4m 0.02% Added +126.3k +126,255
27 Yiheng Capital Management, L.P. 7.36% of their portfolio SAN FRANCISCO, CA 518,314518.3k $33.3m $33.3m 7.36% Unchanged
28 Amundi 0.01% of their portfolio Paris, I0 502,702502.7k $32.1m $32.1m 0.01% Reduced -29.7k -29,669
29 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 2.53% of their portfolio HONG KONG, K3 475,440475.4k $30.5m $30.5m 2.53% Reduced -481.4k -481,450
30 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 455,974456.0k $29.3m $29.3m 0.03% Reduced -89.0k -89,049
31 Panview Capital Ltd 5.84% of their portfolio HONG KONG, K3 426,272426.3k $27.4m $27.4m 5.84% First filing
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio Paris, I0 405,831405.8k $26.0m $26.0m 0.06% Reduced -186.7k -186,733
33 BRILLIANCE ASSET MANAGEMENT LTD 5.08% of their portfolio ADMIRALTY, HONG KONG, K3 351,068351.1k $22.5m $22.5m 5.08% Reduced -27.1k -27,062
34 Point72 Hong Kong Ltd 1.38% of their portfolio HONG KONG, K3 344,948344.9k $22.1m $22.1m 1.38% New
35 Green Court Capital Management Ltd 13.98% of their portfolio HONG KONG, K3 329,574329.6k $21.2m $21.2m 13.98% New
36 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 311,884311.9k $20.0m $20.0m 0.02% Reduced -92.8k -92,763
37 SHAH CAPITAL MANAGEMENT 3.99% of their portfolio RALEIGH, NC 308,558308.6k $19.8m $19.8m 3.99% Reduced -1.1k -1,101
38 First Beijing Investment Ltd 1.19% of their portfolio HONG KONG, K3 260,097260.1k $16.7m $16.7m 1.19% New
39 APG Asset Management N.V. 0.04% of their portfolio Amsterdam, P7 252,500252.5k $15.6m $15.6m 0.04% New
40 BARINGS LLC 0.35% of their portfolio CHARLOTTE, NC 231,162231.2k $14.8m $14.8m 0.35% Reduced -163.1k -163,054
41 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 220,140220.1k $14.1m $14.1m 0.05% Reduced -818.8k -818,790
42 Hel Ved Capital Management Ltd 4.09% of their portfolio CENTRAL, K3 208,200208.2k $13.4m $13.4m 4.09% Reduced -103.4k -103,449
43 Harvest Fund Management Co., Ltd 0.61% of their portfolio BEIJING, F4 203,796203.8k $13.1m $13.1m 0.61% Reduced -85.6k -85,624
44 SYLEBRA CAPITAL LLC 0.49% of their portfolio PALO ALTO, CA 201,873201.9k $13.0m $13.0m 0.49% Reduced -165.0k -164,972
45 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 174,717174.7k $11.2m $11.2m 0.01% Added +21.8k +21,815
46 Blue Creek Capital Management Ltd 14.99% of their portfolio HONG KONG, K3 170,512170.5k $10.9m $10.9m 14.99% Reduced -106.6k -106,600
47 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 165,361165.4k $10.6m $10.6m 0.05% Added +104.0k +104,031
48 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 161,769161.8k $10.4m $10.4m 0.00% Reduced -1.9k -1,901
49 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 156,284156.3k $10.0m $10.0m 0.00% Added +76.4k +76,397
50 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 155,284155.3k $10.0m $10.0m 0.01% Added +6.3k +6,342
51 Caisse de depot et placement du Quebec 0.02% of their portfolio Montreal, A8 136,351136.4k $8.8m $8.8m 0.02% Reduced -43.8k -43,800
52 KADENSA CAPITAL Ltd 1.04% of their portfolio CENTRAL, K3 133,839133.8k $8.6m $8.6m 1.04% Added +6.7k +6,701
53 WT Asset Management Ltd 0.88% of their portfolio HONG KONG, K3 124,882124.9k $8.0m $8.0m 0.88% Reduced -530.9k -530,910
54 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 124,469124.5k $8.0m $8.0m 0.00% Added +90.4k +90,384
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 121,616121.6k $7.8m $7.8m 0.00% Reduced -151.1k -151,086
56 Legal & General Group Plc 0.00% of their portfolio London, X0 115,856115.9k $7.4m $7.4m 0.00% Reduced -11.0k -11,014
57 THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio SANTA FE, NM 114,057114.1k $7.3m $7.3m 0.10% Reduced -825.2k -825,186
58 IvyRock Asset Management (HK) Ltd 3.08% of their portfolio SHEUNG WAN, K3 108,000108.0k $6.9m $6.9m 3.08% Reduced -7.5k -7,500
59 Oasis Management Co Ltd. 2.04% of their portfolio GRAND CAYMAN, E9 98,60098.6k $6.3m $6.3m 2.04% Added +25.5k +25,500
60 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 95,71695.7k $6.1m $6.1m 0.00% Added +94.6k +94,595
61 Ariose Capital Management Ltd 4.93% of their portfolio CENTRAL, HONG KONG, K3 92,78592.8k $6.0m $6.0m 4.93% New
62 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 87,38987.4k $5.5m $5.5m 0.00% Added +21.4k +21,429
63 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 87,28387.3k $5.6m $5.6m 0.00% New
64 AIA Group Ltd 0.13% of their portfolio HONG KONG, K3 83,03383.0k $5.3m $5.3m 0.13% Added +8.2k +8,230
65 Polymer Capital Management (HK) LTD 0.93% of their portfolio HONG KONG, K3 83,00083.0k $5.3m $5.3m 0.93% Added +16.9k +16,900
66 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 81,93881.9k $5.3m $5.3m 0.02% Reduced -279.7k -279,680
67 EDMOND DE ROTHSCHILD HOLDING S.A. 0.09% of their portfolio CHAMBESY, V8 81,79881.8k $5.2m $5.2m 0.09% Reduced -29.6k -29,625
68 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 69,87369.9k $4.5m $4.5m 0.01% Added +32.1k +32,140
69 Artisan Partners Limited Partnership 0.01% of their portfolio Milwaukee, WI 69,11369.1k $4.4m $4.4m 0.01% Added +17.9k +17,897
70 Siren, L.L.C. 0.19% of their portfolio New York, NY 68,50068.5k $4.4m $4.4m 0.19% Added +30.0k +30,000
71 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 67,51467.5k $4.3m $4.3m 0.00% Reduced -2.0k -1,954
72 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 65,62565.6k $4.2m $4.2m 0.04% Reduced -67 -67
73 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 63,97964.0k $4.1m $4.1m 0.00% Added +33.1k +33,084
74 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 57,50257.5k $3.7m $3.7m 0.01% New
75 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 55,15055.1k $3.5m $3.5m 0.01% Reduced -11.7k -11,700
76 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,72651.7k $3.3m $3.3m 0.00% Reduced -5.2k -5,153
77 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 51,39651.4k $3.3m $3.3m 0.01% Added +25 +25
78 STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio LYSAKER, Q8 50,82150.8k $3.3m $3.3m 0.01% Reduced -9.0k -8,984
79 LBP AM SA 0.04% of their portfolio Paris, I0 47,70047.7k $3.1m $3.1m 0.04% New
80 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 43,28343.3k $2.8m $2.8m 0.00% Added +21.0k +20,967
81 Hidden Lake Asset Management LP 1.81% of their portfolio NEW YORK, NY 41,38041.4k $2.7m $2.7m 1.81% Reduced -22.3k -22,300
82 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 40,63840.6k $2.6m $2.6m 0.00% Reduced -370.1k -370,065
83 BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio NEW YORK, NY 36,91136.9k $2.4m $2.4m 0.07% New
84 GF FUND MANAGEMENT CO. LTD. 0.05% of their portfolio GUANGZHOU, F4 33,90033.9k $2.2m $2.2m 0.05% First filing
85 SERENITY CAPITAL MANAGEMENT PTE. LTD. 1.44% of their portfolio Singapore, U0 33,38233.4k $2.1m $2.1m 1.44% New
86 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 31,28431.3k $2.0m $2.0m 0.01% Added +1.5k +1,496
87 Robeco Institutional Asset Management B.V. 0.00% of their portfolio ROTTERDAM, P7 30,15830.2k $1.9m $1.9m 0.00% Reduced -24.8k -24,808
88 GSA CAPITAL PARTNERS LLP 0.14% of their portfolio LONDON, X0 29,94429.9k $1.9m $1.9m 0.14% Added +645 +645
89 Swedbank AB 0.00% of their portfolio STOCKHOLM, V7 29,67729.7k $1.9m $1.9m 0.00% Reduced -41.4k -41,400
90 Carmignac Gestion 0.03% of their portfolio PARIS, I0 29,43029.4k $1.9m $1.9m 0.03% Added +3.2k +3,204
91 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 28,21228.2k $1.8m $1.8m 0.00% Reduced -71.6k -71,646
92 OVERSEA-CHINESE BANKING Corp Ltd 0.05% of their portfolio SINGAPORE, U0 26,48126.5k $1.7m $1.7m 0.05% Unchanged
93 Veritas Asset Management LLP 0.02% of their portfolio London, X0 26,03826.0k $1.7m $1.7m 0.02% Unchanged
94 Prescott Group Capital Management, L.L.C. 0.22% of their portfolio Tulsa, OK 25,30325.3k $1.6m $1.6m 0.22% Added +15.3k +15,303
95 PRELUDE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 23,08023.1k $1.5m $1.5m 0.12% Added +18.1k +18,080
96 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 21,59021.6k $1.4m $1.4m 0.00% Unchanged
97 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 21,45721.5k $1.4m $1.4m 0.01% Added +247 +247
98 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 21,28121.3k $1.4m $1.4m 0.00% Reduced -13.9k -13,932
99 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 20,57920.6k $1.3m $1.3m 0.00% Reduced -373.4k -373,407
100 Handelsbanken Fonder AB 0.00% of their portfolio STOCKHOLM, V7 20,00020.0k $1.3m $1.3m 0.00% Reduced -55.0k -55,000