Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

167 institutional holders -37 vs Q4 2024
65,008,53865.0m shares reported held*
$3.1bnreported value*
27 new 51 added 59 reduced 63 sold out net sold ≈ $29.3m (+326.1k 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 ($222.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.07. Options: 14 managers hold calls ($37.6m notional), 15 hold puts ($55.5m).

Trends to Q1 2025

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: 204Q1 25: 167167Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022153
Q4 2022182
Q1 2023176
Q2 2023177
Q3 2023189
Q4 2023236
Q1 2024255
Q2 2024228
Q3 2024215
Q4 2024204
Q1 2025167

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 84 bought or addedQ2 23: 90 cut or sold outQ3 23: 94 bought or addedQ3 23: 91 cut or sold outQ3 23Q4 23: 122 bought or addedQ4 23: 107 cut or sold outQ1 24: 127 bought or addedQ1 24: 136 cut or sold outQ1 24Q2 24: 98 bought or addedQ2 24: 147 cut or sold outQ3 24: 105 bought or addedQ3 24: 127 cut or sold outQ3 24Q4 24: 89 bought or addedQ4 24: 132 cut or sold outQ1 25: 78 bought or addedQ1 25: 122 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20238490
Q3 20239491
Q4 2023122107
Q1 2024127136
Q2 202498147
Q3 2024105127
Q4 202489132
Q1 202578122

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ2 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 0.76Q1 25 calls: $37.6mQ1 25 puts: $55.5mQ1 25P/C 1.48
Numbers
QuarterCallsPutsP/C
Q2 2024$50.3m$24.0m0.48
Q3 2024$53.9m$36.9m0.69
Q4 2024$47.4m$35.9m0.76
Q1 2025$37.6m$55.5m1.48

Biggest buyers

First Beijing Investment Ltd Added +5,196,281+5.2m
Discerene Group LP New +1,580,514+1.6m
UBS Group AG Added +1,553,977+1.6m
BRIGHT VALLEY CAPITAL Ltd New +1,058,000+1.1m
Mirae Asset Global Investments Co., Ltd. Added +1,025,130+1.0m
BANK OF AMERICA CORP /DE/ Added +979,957+980.0k
JPMORGAN CHASE & CO Added +701,586+701.6k
NATIONAL BANK OF CANADA /FI/ Added +692,298+692.3k
BRILLIANCE ASSET MANAGEMENT LTD Added +665,403+665.4k
Green Court Capital Management Ltd Added +648,872+648.9k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -2,409,755-2.4m
FMR LLC Reduced -2,354,711-2.4m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -1,998,746-2.0m
Aspex Management (HK) Ltd Reduced -1,580,434-1.6m
FARALLON CAPITAL MANAGEMENT, L.L.C. Reduced -1,054,000-1.1m
Carrhae Capital LLP Sold out -1,042,689-1.0m
FIL Ltd Reduced -1,008,418-1.0m
OLP CAPITAL MANAGEMENT Ltd Sold out -923,306-923.3k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -737,979-738.0k
Pinpoint Asset Management Ltd Sold out -559,969-560.0k

Biggest calls

UBS Group AG Added $8.4m175.0k shares
JANE STREET GROUP, LLC Added $7.6m159.5k shares
CITADEL ADVISORS LLC Added $5.7m118.4k shares
Parallax Volatility Advisers, L.P. Added $5.4m112.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.9m103.5k shares
IMC-Chicago, LLC Reduced $1.3m27.0k shares
CITIGROUP INC Unchanged $1.2m25.0k shares
SIMPLEX TRADING, LLC Reduced $941.0k19.7k shares
GROUP ONE TRADING LLC Reduced $788.9k16.5k shares
Walleye Trading LLC Added $468.5k9.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.3m237.3k shares
GOLDMAN SACHS GROUP INC Unchanged $8.8m183.8k shares
CITADEL ADVISORS LLC Added $8.4m175.6k shares
UBS Group AG New $7.2m150.0k shares
JANE STREET GROUP, LLC Added $6.5m135.0k shares
MILLENNIUM MANAGEMENT LLC Added $4.3m90.3k shares
PEAK6 LLC Added $2.1m43.5k shares
Walleye Trading LLC Added $1.4m29.8k shares
SIMPLEX TRADING, LLC Added $1.4m28.3k shares
IMC-Chicago, LLC New $1.3m26.8k 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 Q1 2025

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 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aspex Management (HK) Ltd 7.25% of their portfolio CENTRAL, K3 5,874,4725.9m $280.9m $280.9m 7.25% Reduced -1.6m -1,580,434
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,602,5975.6m $267.9m $267.9m 0.02% Added +243.3k +243,259
3 First Beijing Investment Ltd 17.91% of their portfolio HONG KONG, K3 5,456,3785.5m $260.9m $260.9m 17.91% Added +5.2m +5,196,281
4 UBS Group AG 0.04% of their portfolio ZURICH, V8 3,888,6473.9m $185.9m $185.9m 0.04% Added +1.6m +1,553,977
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,460,0453.5m $165.4m $165.4m 0.01% Added +980.0k +979,957
6 RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio NEW YORK, NY 3,100,5543.1m $148.2m $148.2m 0.22% Reduced -99.7k -99,700
7 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,978,3483.0m $142.4m $142.4m 0.01% Added +701.6k +701,586
8 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,298,9982.3m $109.9m $109.9m 0.02% Added +272.9k +272,889
9 FMR LLC 0.01% of their portfolio BOSTON, MA 2,184,9672.2m $104.5m $104.5m 0.01% Reduced -2.4m -2,354,711
10 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.22% of their portfolio TORONTO, A6 2,100,5002.1m $100.4m $100.4m 0.22% Added +339.7k +339,700
11 NORGES BANK 0.01% of their portfolio OSLO, Q8 2,070,3512.1m $99.0m $99.0m 0.01% Added +631.5k +631,509
12 Discerene Group LP 7.90% of their portfolio STAMFORD, CT 1,580,5141.6m $75.6m $75.6m 7.90% New
13 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,484,7861.5m $71.0m $71.0m 0.01% Reduced -2.4m -2,409,755
14 Greenwoods Asset Management Hong Kong Ltd. 2.07% of their portfolio HONG KONG, K3 1,396,0391.4m $66.7m $66.7m 2.07% Added +167.7k +167,721
15 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.34% of their portfolio SAN FRANCISCO, CA 1,305,1501.3m $62.4m $62.4m 0.34% Reduced -1.1m -1,054,000
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,212,4341.2m $58.0m $58.0m 0.00% Added +511.6k +511,625
17 ALKEON CAPITAL MANAGEMENT LLC 0.31% of their portfolio New York, NY 1,089,4861.1m $52.1m $52.1m 0.31% Reduced -214.1k -214,111
18 BRIGHT VALLEY CAPITAL Ltd 23.22% of their portfolio HONG KONG, K3 1,058,0001.1m $50.6m $50.6m 23.22% New
19 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 1,056,4141.1m $210.8k $210.8k 0.00% Added +1.0m +1,025,130
20 SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio London, X0 1,021,1131.0m $48.0m $48.0m 0.05% Reduced -2.0m -1,998,746
21 BRILLIANCE ASSET MANAGEMENT LTD 16.06% of their portfolio ADMIRALTY, HONG KONG, K3 1,016,4711.0m $48.6m $48.6m 16.06% Added +665.4k +665,403
22 Green Court Capital Management Ltd 27.60% of their portfolio HONG KONG, K3 978,446978.4k $46.8m $46.8m 27.60% Added +648.9k +648,872
23 MACQUARIE GROUP LTD 0.06% of their portfolio Sydney, NSW 2000, C3 974,889974.9k $46.6m $46.6m 0.06% Added +102.4k +102,410
24 Cederberg Capital Ltd 17.53% of their portfolio LONDON, X0 948,900948.9k $45.4m $45.4m 17.53% Reduced -139.2k -139,150
25 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 785,183785.2k $37.5m $37.5m 0.03% Reduced -11.5k -11,497
26 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 727,016727.0k $34.8m $34.8m 0.01% Added +99.3k +99,330
27 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 725,044725.0k $34.7m $34.7m 0.03% Added +269.1k +269,070
28 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 692,300692.3k $33.1m $33.1m 0.04% Added +692.3k +692,298
29 Yiheng Capital Management, L.P. 10.05% of their portfolio SAN FRANCISCO, CA 598,080598.1k $28.6m $28.6m 10.05% Added +79.8k +79,766
30 Amundi 0.01% of their portfolio Paris, I0 489,786489.8k $23.4m $23.4m 0.01% Reduced -12.9k -12,916
31 FIL Ltd 0.01% of their portfolio HAMILTON, D0 310,014310.0k $14.8m $14.8m 0.01% Reduced -1.0m -1,008,418
32 SHAH CAPITAL MANAGEMENT 2.99% of their portfolio RALEIGH, NC 306,250306.2k $14.6m $14.6m 2.99% Reduced -2.3k -2,308
33 Carmignac Gestion 0.24% of their portfolio PARIS, I0 300,250300.2k $14.4m $14.4m 0.24% Added +270.8k +270,820
34 Triata Capital Ltd 3.18% of their portfolio HONG KONG, K3 293,774293.8k $14.0m $14.0m 3.18% New
35 Caisse de depot et placement du Quebec 0.03% of their portfolio Montreal, A8 272,651272.7k $13.0m $13.0m 0.03% Added +136.3k +136,300
36 Serenity Capital LLC 7.02% of their portfolio Palo Alto, CA 245,498245.5k $11.7m $11.7m 7.02% First filing
37 SERENITY CAPITAL MANAGEMENT PTE. LTD. 7.02% of their portfolio Singapore, U0 245,498245.5k $11.7m $11.7m 7.02% Added +212.1k +212,116
38 Hel Ved Capital Management Ltd 5.72% of their portfolio CENTRAL, K3 237,200237.2k $11.3m $11.3m 5.72% Added +29.0k +29,000
39 Polymer Capital Management (HK) LTD 1.88% of their portfolio HONG KONG, K3 226,704226.7k $10.8m $10.8m 1.88% Added +143.7k +143,704
40 APG Asset Management N.V. 0.03% of their portfolio Amsterdam, P7 221,600221.6k $9.8m $9.8m 0.03% Reduced -30.9k -30,900
41 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 212,124212.1k $10.1m $10.1m 0.01% First filing
42 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 206,168206.2k $9.9m $9.9m 0.02% New
43 SYLEBRA CAPITAL LLC 0.46% of their portfolio PALO ALTO, CA 192,024192.0k $9.2m $9.2m 0.46% Reduced -9.8k -9,849
44 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 172,954173.0k $8.3m $8.3m 0.01% New
45 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 166,880166.9k $8.0m $8.0m 0.03% Reduced -53.3k -53,260
46 Harvest Fund Management Co., Ltd 0.36% of their portfolio BEIJING, F4 150,213150.2k $7.2m $7.2m 0.36% Reduced -53.6k -53,583
47 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 148,785148.8k $7.1m $7.1m 0.00% Reduced -376.3k -376,316
48 Oasis Management Co Ltd. 2.32% of their portfolio GRAND CAYMAN, E9 147,874147.9k $7.1m $7.1m 2.32% Added +49.3k +49,274
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 146,564146.6k $7.0m $7.0m 0.00% Added +50.8k +50,848
50 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 142,775142.8k $6.8m $6.8m 0.01% Reduced -169.1k -169,109
51 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 136,187136.2k $6.5m $6.5m 0.01% Reduced -38.5k -38,530
52 Legal & General Group Plc 0.00% of their portfolio London, X0 125,571125.6k $6.0m $6.0m 0.00% Added +9.7k +9,715
53 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 122,203122.2k $5.8m $5.8m 0.00% Reduced -2.3k -2,266
54 Jump Financial, LLC 0.07% of their portfolio Chicago, IL 104,000104.0k $5.0m $5.0m 0.07% New
55 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 93,20093.2k $4.5m $4.5m 0.00% Reduced -68.6k -68,569
56 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 85,55785.6k $4.1m $4.1m 0.00% Reduced -70.7k -70,727
57 Perseverance Asset Management International 0.52% of their portfolio GEORGE TOWN, E9 83,83283.8k $4.0m $4.0m 0.52% New
58 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 82,76682.8k $4.0m $4.0m 0.01% Added +65.8k +65,758
59 Blue Creek Capital Management Ltd 4.99% of their portfolio HONG KONG, K3 80,51280.5k $3.8m $3.8m 4.99% Reduced -90.0k -90,000
60 Siren, L.L.C. 0.21% of their portfolio New York, NY 79,50079.5k $3.8m $3.8m 0.21% Added +11.0k +11,000
61 BARINGS LLC 0.09% of their portfolio CHARLOTTE, NC 72,33772.3k $3.5m $3.5m 0.09% Reduced -158.8k -158,825
62 EDMOND DE ROTHSCHILD HOLDING S.A. 0.06% of their portfolio CHAMBESY, V8 67,36667.4k $3.2m $3.2m 0.06% Reduced -14.4k -14,432
63 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 67,23967.2k $3.2m $3.2m 0.00% Reduced -275 -275
64 Capitolis Liquid Global Markets LLC 0.03% of their portfolio NEW YORK, NY 64,30064.3k $3.1m $3.1m 0.03% New
65 AIA Group Ltd 0.07% of their portfolio HONG KONG, K3 63,66363.7k $3.0m $3.0m 0.07% Reduced -19.4k -19,370
66 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 60,25360.3k $2.9m $2.9m 0.01% New
67 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 58,90058.9k $2.8m $2.8m 0.02% Reduced -106.5k -106,461
68 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 57,62157.6k $2.8m $2.8m 0.00% New
69 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 55,63955.6k $2.7m $2.7m 0.01% Reduced -26.3k -26,299
70 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,72451.7k $2.5m $2.5m 0.00% Reduced -2 -2
71 STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio LYSAKER, Q8 50,82150.8k $2.4m $2.4m 0.01% Unchanged
72 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 50,50050.5k $2.4m $2.4m 0.01% Reduced -4.7k -4,650
73 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 46,79146.8k $2.2m $2.2m 0.00% Added +18.6k +18,579
74 IvyRock Asset Management (HK) Ltd 0.96% of their portfolio SHEUNG WAN, K3 42,79042.8k $2.0m $2.0m 0.96% Reduced -65.2k -65,210
75 Long Corridor Asset Management Ltd 1.33% of their portfolio HONG KONG, K3 38,00038.0k $1.8m $1.8m 1.33% New
76 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 35,51435.5k $1.7m $1.7m 0.00% Reduced -34.4k -34,359
77 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 35,22335.2k $1.7m $1.7m 0.01% New
78 GF FUND MANAGEMENT CO. LTD. 0.04% of their portfolio GUANGZHOU, F4 33,90033.9k $1.6m $1.6m 0.04% Unchanged
79 Robeco Institutional Asset Management B.V. 0.00% of their portfolio ROTTERDAM, P7 32,39732.4k $1.5m $1.5m 0.00% Added +2.2k +2,239
80 XTX Topco Ltd 0.07% of their portfolio LONDON, X0 30,12130.1k $1.4m $1.4m 0.07% New
81 GSA CAPITAL PARTNERS LLP 0.11% of their portfolio LONDON, X0 26,53026.5k $1.3m $1.3m 0.11% Reduced -3.4k -3,414
82 Quantbot Technologies LP 0.04% of their portfolio NEW YORK, NY 26,27526.3k $1.3m $1.3m 0.04% New
83 CAPITAL FUND MANAGEMENT S.A. 0.02% of their portfolio PARIS, I0 25,16925.2k $1.2m $1.2m 0.02% Reduced -40.5k -40,456
84 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 20,57920.6k $983.9k $983.9k 0.00% Unchanged
85 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 18,68618.7k $893.0k $893.0k 0.01% New
86 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 18,26518.3k $873.0k $873.0k 0.00% Added +14.0k +14,021
87 PROFUND ADVISORS LLC 0.04% of their portfolio BETHESDA, MD 17,12217.1k $818.6k $818.6k 0.04% Added +1.4k +1,415
88 OVERSEA-CHINESE BANKING Corp Ltd 0.02% of their portfolio SINGAPORE, U0 16,14316.1k $772.4k $772.4k 0.02% Reduced -10.3k -10,338
89 BlueCrest Capital Management Ltd 0.12% of their portfolio ST HELIER, Y9 15,80015.8k $755.4k $755.4k 0.12% Unchanged
90 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 14,26414.3k $682.0k $682.0k 0.01% New
91 Ramirez Asset Management, Inc. 0.14% of their portfolio NEW YORK, NY 14,21514.2k $679.6k $679.6k 0.14% Added +187 +187
92 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 14,05614.1k $672.0k $672.0k 0.02% Added +10.2k +10,237
93 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 13,89013.9k $664.1k $664.1k 0.00% Reduced -7.7k -7,700
94 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 13,47213.5k $644.1k $644.1k 0.01% New
95 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 13,21613.2k $631.9k $631.9k 0.00% Reduced -3.3k -3,280
96 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 13,00013.0k $601.0k $601.0k 0.00% Added +5.0k +5,000
97 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 12,01112.0k $574.2k $574.2k 0.00% Reduced -31.3k -31,272
98 IMC-Chicago, LLC 0.02% of their portfolio CHICAGO, IL 11,80711.8k $564.5k $564.5k 0.02% New
99 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 11,47511.5k $548.6k $548.6k 0.00% Reduced -5.6k -5,561
100 Prescott Group Capital Management, L.L.C. 0.07% of their portfolio Tulsa, OK 10,00010.0k $478.1k $478.1k 0.07% Reduced -15.3k -15,303