Vault-13

NEW ORIENTAL ED & TECHNOLOGY EDU

SPON ADR · ADR · CUSIP 647581206 · ISIN US6475812060

Provider of private educational services in China

167 institutional holders +0 vs Q1 2025
54,786,18254.8m shares reported held*
$3.0bnreported value*
28 new 40 added 66 reduced 31 sold out net sold ≈ $478.9m (-9.9m 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 ($8.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.97. Options: 16 managers hold calls ($37.2m notional), 13 hold puts ($44.2m).

Trends to Q2 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: 167Q2 25: 167167Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025167

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 24Q1 25: 78 bought or addedQ1 25: 122 cut or sold outQ2 25: 68 bought or addedQ2 25: 97 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20239491
Q4 2023122107
Q1 2024127136
Q2 202498147
Q3 2024105127
Q4 202489132
Q1 202578122
Q2 20256897

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 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 1.48Q2 25 calls: $37.2mQ2 25 puts: $44.2mQ2 25P/C 1.19
Numbers
QuarterCallsPutsP/C
Q3 2024$53.9m$36.9m0.69
Q4 2024$47.4m$35.9m0.76
Q1 2025$37.6m$55.5m1.48
Q2 2025$37.2m$44.2m1.19

Biggest buyers

First Beijing Investment Ltd Added +1,658,954+1.7m
Aspex Management (HK) Ltd Added +1,106,716+1.1m
ALKEON CAPITAL MANAGEMENT LLC Added +1,104,000+1.1m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +929,351+929.4k
Tiger Pacific Capital LP New +705,393+705.4k
Carrhae Capital LLP New +346,937+346.9k
Point72 Asset Management, L.P. New +287,400+287.4k
RENAISSANCE TECHNOLOGIES LLC Added +267,300+267.3k
Monolith Management Ltd New +264,500+264.5k
NATIONAL BANK OF CANADA /FI/ Added +228,700+228.7k

Biggest sellers

UBS Group AG Reduced -2,028,949-2.0m
JPMORGAN CHASE & CO Reduced -1,649,095-1.6m
FMR LLC Reduced -1,575,838-1.6m
PRICE T ROWE ASSOCIATES INC /MD/ Sold out -1,484,786-1.5m
NORGES BANK Reduced -1,446,465-1.4m
BANK OF AMERICA CORP /DE/ Reduced -1,292,877-1.3m
Mirae Asset Global Investments Co., Ltd. Reduced -1,030,504-1.0m
MORGAN STANLEY Reduced -1,026,707-1.0m
BRIGHT VALLEY CAPITAL Ltd Reduced -818,115-818.1k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -745,100-745.1k

Biggest calls

JANE STREET GROUP, LLC Reduced $8.4m155.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.5m121.3k shares
Parallax Volatility Advisers, L.P. Reduced $5.7m105.4k shares
BRIGHT VALLEY CAPITAL Ltd New $5.4m100.0k shares
CITADEL ADVISORS LLC Reduced $1.9m35.5k shares
UBS Group AG Reduced $1.9m34.5k shares
WOLVERINE TRADING, LLC New $1.8m32.5k shares
PEAK6 LLC New $1.6m30.0k shares
SIMPLEX TRADING, LLC Added $1.1m19.8k shares
GOLDMAN SACHS GROUP INC New $809.2k15.0k shares

Biggest puts

GOLDMAN SACHS GROUP INC Unchanged $9.9m183.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.7m142.9k shares
JANE STREET GROUP, LLC Reduced $7.1m131.6k shares
UBS Group AG Reduced $5.4m100.0k shares
PEAK6 LLC Added $3.3m61.8k shares
CITADEL ADVISORS LLC Reduced $3.2m58.4k shares
WOLVERINE TRADING, LLC New $2.1m38.7k shares
DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. Unchanged $1.4m25.8k shares
SIMPLEX TRADING, LLC Reduced $1.2m22.7k shares
Walleye Trading LLC Reduced $1.1m20.1k 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 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Beijing Investment Ltd 21.48% of their portfolio HONG KONG, K3 7,115,3327.1m $383.9m $383.9m 21.48% Added +1.7m +1,658,954
2 Aspex Management (HK) Ltd 8.19% of their portfolio CENTRAL, K3 6,981,1887.0m $376.6m $376.6m 8.19% Added +1.1m +1,106,716
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 4,575,8904.6m $246.9m $246.9m 0.02% Reduced -1.0m -1,026,707
4 RENAISSANCE TECHNOLOGIES LLC 0.24% of their portfolio NEW YORK, NY 3,367,8543.4m $181.7m $181.7m 0.24% Added +267.3k +267,300
5 ALKEON CAPITAL MANAGEMENT LLC 0.57% of their portfolio New York, NY 2,193,4862.2m $118.3m $118.3m 0.57% Added +1.1m +1,104,000
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,167,1682.2m $116.9m $116.9m 0.01% Reduced -1.3m -1,292,877
7 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,090,8402.1m $112.8m $112.8m 0.02% Reduced -208.2k -208,158
8 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,859,6981.9m $100.3m $100.3m 0.02% Reduced -2.0m -2,028,949
9 Discerene Group LP 9.21% of their portfolio STAMFORD, CT 1,580,5141.6m $85.3m $85.3m 9.21% Unchanged
10 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.15% of their portfolio TORONTO, A6 1,355,4001.4m $73.1m $73.1m 0.15% Reduced -745.1k -745,100
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,329,2531.3m $71.7m $71.7m 0.00% Reduced -1.6m -1,649,095
12 Greenwoods Asset Management Hong Kong Ltd. 2.49% of their portfolio HONG KONG, K3 1,328,2181.3m $71.7m $71.7m 2.49% Reduced -67.8k -67,821
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,290,3251.3m $69.6m $69.6m 0.00% Added +77.9k +77,891
14 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.28% of their portfolio SAN FRANCISCO, CA 1,155,1501.2m $62.3m $62.3m 0.28% Reduced -150.0k -150,000
15 BRILLIANCE ASSET MANAGEMENT LTD 35.70% of their portfolio ADMIRALTY, HONG KONG, K3 1,016,4711.0m $54.8m $54.8m 35.70% Unchanged
16 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 989,499989.5k $53.4m $53.4m 0.07% Added +14.6k +14,610
17 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 930,113930.1k $50.2m $50.2m 0.01% Added +929.4k +929,351
18 Cederberg Capital Ltd 18.39% of their portfolio LONDON, X0 928,518928.5k $50.1m $50.1m 18.39% Reduced -20.4k -20,382
19 NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio MONTREAL, A8 921,000921.0k $49.7m $49.7m 0.05% Added +228.7k +228,700
20 Green Court Capital Management Ltd 30.90% of their portfolio HONG KONG, K3 868,421868.4k $46.7m $46.7m 30.90% Reduced -110.0k -110,025
21 Tiger Pacific Capital LP 12.63% of their portfolio NEW YORK, NY 705,393705.4k $38.1m $38.1m 12.63% New
22 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 645,221645.2k $34.8m $34.8m 0.03% Reduced -375.9k -375,892
23 NORGES BANK 0.00% of their portfolio OSLO, Q8 623,886623.9k $33.7m $33.7m 0.00% Reduced -1.4m -1,446,465
24 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 615,610615.6k $33.2m $33.2m 0.01% Reduced -111.4k -111,406
25 FMR LLC 0.00% of their portfolio BOSTON, MA 609,129609.1k $32.9m $32.9m 0.00% Reduced -1.6m -1,575,838
26 Yiheng Capital Management, L.P. 11.69% of their portfolio SAN FRANCISCO, CA 598,080598.1k $32.3m $32.3m 11.69% Unchanged
27 Amundi 0.01% of their portfolio Paris, I0 408,704408.7k $21.1m $21.1m 0.01% Reduced -81.1k -81,082
28 Triata Capital Ltd 3.72% of their portfolio HONG KONG, K3 352,974353.0k $19.0m $19.0m 3.72% Added +59.2k +59,200
29 Carrhae Capital LLP 1.79% of their portfolio London, X0 346,937346.9k $18.7m $18.7m 1.79% New
30 SHAH CAPITAL MANAGEMENT 3.20% of their portfolio RALEIGH, NC 305,317305.3k $16.5m $16.5m 3.20% Reduced -933 -933
31 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 287,400287.4k $15.5m $15.5m 0.04% New
32 Carmignac Gestion 0.22% of their portfolio PARIS, I0 265,333265.3k $14.3m $14.3m 0.22% Reduced -34.9k -34,917
33 Monolith Management Ltd 5.05% of their portfolio HONG KONG, K3 264,500264.5k $14.3m $14.3m 5.05% New
34 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 259,598259.6k $14.0m $14.0m 0.01% Reduced -465.4k -465,446
35 Hel Ved Capital Management Ltd 6.13% of their portfolio CENTRAL, K3 252,500252.5k $13.6m $13.6m 6.13% Added +15.3k +15,300
36 SERENITY CAPITAL MANAGEMENT PTE. LTD. 5.62% of their portfolio Singapore, U0 245,498245.5k $13.2m $13.2m 5.62% Unchanged
37 BRIGHT VALLEY CAPITAL Ltd 11.56% of their portfolio HONG KONG, K3 239,885239.9k $12.9m $12.9m 11.56% Reduced -818.1k -818,115
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 211,435211.4k $11.4m $11.4m 0.00% Added +64.9k +64,871
39 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 181,964182.0k $9.8m $9.8m 0.01% Reduced -603.2k -603,219
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 180,324180.3k $9.7m $9.7m 0.00% Added +173.7k +173,719
41 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 175,114175.1k $9.4m $9.4m 0.01% Reduced -37.0k -37,010
42 Jump Financial, LLC 0.11% of their portfolio Chicago, IL 171,108171.1k $9.2m $9.2m 0.11% Added +67.1k +67,108
43 FIL Ltd 0.01% of their portfolio HAMILTON, D0 167,064167.1k $9.0m $9.0m 0.01% Reduced -142.9k -142,950
44 Oasis Management Co Ltd. 1.91% of their portfolio GRAND CAYMAN, E9 150,424150.4k $8.1m $8.1m 1.91% Added +2.5k +2,550
45 Y-Intercept (Hong Kong) Ltd 0.18% of their portfolio HONG KONG, K3 138,974139.0k $7.5m $7.5m 0.18% New
46 Harvest Fund Management Co., Ltd 0.34% of their portfolio BEIJING, F4 133,204133.2k $7.2m $7.2m 0.34% Reduced -17.0k -17,009
47 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 123,554123.6k $6.7m $6.7m 0.00% Added +1.4k +1,351
48 MY.Alpha Management HK Advisors Ltd 4.77% of their portfolio HONG KONG, K3 119,200119.2k $6.4m $6.4m 4.77% New
49 Polymer Capital Management (HK) LTD 0.93% of their portfolio HONG KONG, K3 110,183110.2k $5.9m $5.9m 0.93% Reduced -116.5k -116,521
50 Legal & General Group Plc 0.00% of their portfolio London, X0 96,35996.4k $5.2m $5.2m 0.00% Reduced -29.2k -29,212
51 Lighthouse Investment Partners, LLC 0.22% of their portfolio Palm Beach Gardens, FL 94,71394.7k $5.1m $5.1m 0.22% New
52 Point72 Hong Kong Ltd 0.35% of their portfolio HONG KONG, K3 94,20094.2k $5.1m $5.1m 0.35% New
53 Man Group plc 0.01% of their portfolio LONDON, X0 90,51090.5k $4.9m $4.9m 0.01% New
54 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 85,03285.0k $4.6m $4.6m 0.00% Reduced -57.7k -57,743
55 EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio CHAMBESY, V8 82,11382.1k $4.4m $4.4m 0.07% Added +14.7k +14,747
56 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 80,54580.5k $4.3m $4.3m 0.00% Reduced -5.0k -5,012
57 Blue Creek Capital Management Ltd 6.08% of their portfolio HONG KONG, K3 80,51280.5k $4.3m $4.3m 6.08% Unchanged
58 GF FUND MANAGEMENT CO. LTD. 0.08% of their portfolio GUANGZHOU, F4 73,13973.1k $3.9m $3.9m 0.08% Added +39.2k +39,239
59 Siren, L.L.C. 0.20% of their portfolio New York, NY 72,00072.0k $3.9m $3.9m 0.20% Reduced -7.5k -7,500
60 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 63,69163.7k $3.4m $3.4m 0.04% New
61 PEAK6 LLC 0.05% of their portfolio AUSTIN, TX 53,35653.4k $2.9m $2.9m 0.05% Added +46.6k +46,563
62 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 51,87351.9k $2.8m $2.8m 0.00% Added +5.1k +5,082
63 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,72851.7k $2.8m $2.8m 0.00% Added +4 +4
64 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 51,17351.2k $2.8m $2.8m 0.00% Reduced -121.8k -121,781
65 STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio LYSAKER, Q8 50,82150.8k $2.7m $2.7m 0.01% Unchanged
66 IvyRock Asset Management (HK) Ltd 1.07% of their portfolio SHEUNG WAN, K3 42,79042.8k $2.3m $2.3m 1.07% Unchanged
67 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 41,42041.4k $2.2m $2.2m 0.00% Reduced -107.4k -107,365
68 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 38,17538.2k $2.1m $2.1m 0.00% New
69 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 35,43335.4k $1.9m $1.9m 0.01% Added +17.2k +17,168
70 Pinpoint Asset Management (Singapore) Pte. Ltd. 0.71% of their portfolio SINGAPORE, U0 33,16333.2k $4.0m $4.0m 0.71% First filing
71 Swedbank AB 0.00% of their portfolio STOCKHOLM, V7 29,67729.7k $1.6m $1.6m 0.00% First filing
72 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 26,46926.5k $1.4m $1.4m 0.00% Reduced -24.0k -24,031
73 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 25,91025.9k $1.4m $1.4m 0.00% Reduced -1.0m -1,030,504
74 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 25,30725.3k $1.4m $1.4m 0.01% Added +6.6k +6,621
75 CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio PARIS, I0 24,02524.0k $1.3m $1.3m 0.01% Reduced -1.1k -1,144
76 Walleye Trading LLC 0.03% of their portfolio NEW YORK, NY 23,97024.0k $1.3m $1.3m 0.03% Added +9.9k +9,914
77 Caisse de depot et placement du Quebec 0.00% of their portfolio Montreal, A8 23,95224.0k $1.3m $1.3m 0.00% Reduced -248.7k -248,699
78 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 23,13923.1k $1.2m $1.2m 0.02% New
79 DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. 0.80% of their portfolio Singapore, U0 20,82020.8k $1.1m $1.1m 0.80% New
80 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 20,57920.6k $1.1m $1.1m 0.00% Unchanged
81 Headlands Technologies LLC 0.13% of their portfolio CHICAGO, IL 19,67419.7k $1.1m $1.1m 0.13% New
82 KADENSA CAPITAL Ltd 0.16% of their portfolio CENTRAL, K3 18,58718.6k $1.0m $1.0m 0.16% New
83 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 17,95218.0k $968.5k $968.5k 0.01% Added +3.7k +3,688
84 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 16,73116.7k $902.6k $902.6k 0.00% Added +4.7k +4,720
85 OVERSEA-CHINESE BANKING Corp Ltd 0.02% of their portfolio SINGAPORE, U0 16,14316.1k $869.8k $869.8k 0.02% Unchanged
86 PROFUND ADVISORS LLC 0.03% of their portfolio BETHESDA, MD 16,09016.1k $868.1k $868.1k 0.03% Reduced -1.0k -1,032
87 BlueCrest Capital Management Ltd 0.09% of their portfolio ST HELIER, Y9 15,80015.8k $852.4k $852.4k 0.09% Unchanged
88 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 13,31413.3k $718.3k $718.3k 0.01% Reduced -21.9k -21,909
89 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 13,21513.2k $712.9k $712.9k 0.00% Added +8.3k +8,287
90 Laird Norton Wetherby Wealth Management, LLC 0.03% of their portfolio Seattle, WA 12,99813.0k $701.2k $701.2k 0.03% First filing
91 Robeco Institutional Asset Management B.V. 0.00% of their portfolio ROTTERDAM, P7 12,62212.6k $681.0k $681.0k 0.00% Reduced -19.8k -19,775
92 IMC-Chicago, LLC 0.02% of their portfolio CHICAGO, IL 12,30212.3k $663.7k $663.7k 0.02% Added +495 +495
93 Campbell & CO Investment Adviser LLC 0.04% of their portfolio BALTIMORE, MD 11,50311.5k $620.6k $620.6k 0.04% New
94 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 11,41411.4k $615.8k $615.8k 0.00% Reduced -61 -61
95 Arrowpoint Investment Partners (Singapore) Pte. Ltd. 1.05% of their portfolio SINGAPORE, U0 11,00011.0k $593.5k $593.5k 1.05% New
96 Prescott Group Capital Management, L.L.C. 0.06% of their portfolio Tulsa, OK 10,00010.0k $539.5k $539.5k 0.06% Unchanged
97 FOX RUN MANAGEMENT, L.L.C. 0.09% of their portfolio GREENWICH, CT 9,97510.0k $538.2k $538.2k 0.09% New
98 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 9,7069.7k $523.6k $523.6k 0.00% Reduced -47.9k -47,915
99 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 9,2789.3k $500.5k $500.5k 0.00% Added +2.1k +2,055
100 BAROMETER CAPITAL MANAGEMENT INC. 0.13% of their portfolio TORONTO, A6 9,0009.0k $485.6k $485.6k 0.13% Added +2.2k +2,200