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 ($2.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.07. Options: 13 managers hold calls ($25.2m notional), 12 hold puts ($33.1m).
Trends to Q3 2025
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 |
| Q1 2025 | 167 |
| Q2 2025 | 167 |
| Q3 2025 | 154 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 122 | 107 |
| Q1 2024 | 127 | 136 |
| Q2 2024 | 98 | 147 |
| Q3 2024 | 105 | 127 |
| Q4 2024 | 89 | 132 |
| Q1 2025 | 78 | 122 |
| Q2 2025 | 68 | 97 |
| Q3 2025 | 69 | 94 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $47.4m | $35.9m | 0.76 |
| Q1 2025 | $37.6m | $55.5m | 1.48 |
| Q2 2025 | $37.2m | $44.2m | 1.19 |
| Q3 2025 | $25.2m | $33.1m | 1.31 |
Biggest buyers
| First Beijing Investment Ltd | Added | +2.2m |
| JPMORGAN CHASE & CO | Added | +846.4k |
| Orbis Allan Gray Ltd | New | +597.5k |
| SERENITY CAPITAL MANAGEMENT PTE. LTD. | Added | +411.4k |
| Monolith Management Ltd | Added | +241.5k |
| BARCLAYS PLC | Added | +220.1k |
| Tairen Capital Ltd | New | +155.3k |
| TWO SIGMA ADVISERS, LP | Added | +132.6k |
| Walleye Capital LLC | Added | +116.4k |
| Point72 Hong Kong Ltd | Added | +104.3k |
Biggest sellers
| Aspex Management (HK) Ltd | Reduced | -1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Sold out | -930.1k |
| BRILLIANCE ASSET MANAGEMENT LTD | Reduced | -771.9k |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | -745.5k |
| MORGAN STANLEY | Reduced | -717.8k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -590.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -467.3k |
| Green Court Capital Management Ltd | Reduced | -427.9k |
| BlackRock, Inc. | Reduced | -422.4k |
| Carrhae Capital LLP | Sold out | -346.9k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $6.6m125.3k shares |
| PEAK6 LLC | Added | $4.4m83.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.7m69.6k shares |
| GOLDMAN SACHS GROUP INC | Added | $2.4m45.7k shares |
| UBS Group AG | Reduced | $1.7m32.5k shares |
| Walleye Trading LLC | Added | $1.6m30.3k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m30.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0m19.4k shares |
| IMC-Chicago, LLC | Added | $886.3k16.7k shares |
| GROUP ONE TRADING LLC | Reduced | $435.2k8.2k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Unchanged | $9.8m183.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.3m137.2k shares |
| JANE STREET GROUP, LLC | Reduced | $7.0m131.3k shares |
| CITADEL ADVISORS LLC | Reduced | $3.0m57.1k shares |
| IMC-Chicago, LLC | Added | $1.7m31.1k shares |
| SIMPLEX TRADING, LLC | Added | $1.5m27.7k shares |
| Walleye Trading LLC | Added | $1.1m20.2k shares |
| PEAK6 LLC | Reduced | $711.1k13.4k shares |
| UBS Group AG | Reduced | $451.1k8.5k shares |
| MILLENNIUM MANAGEMENT LLC | New | $429.9k8.1k 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.
| 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 Q3 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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| First Beijing Investment Ltd 19.15% of their portfolio | 9.3m $496.0m | Added +2.2m |
| Aspex Management (HK) Ltd 6.67% of their portfolio | 5.9m $312.0m | Reduced -1.1m |
| MORGAN STANLEY 0.01% of their portfolio | 3.9m $204.7m | Reduced -717.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.23% of their portfolio | 3.3m $173.1m | Reduced -106.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.2m $115.5m | Added +846.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.1m $111.4m | Added +9.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.0m $107.8m | Reduced -135.3k |
| Discerene Group LP 7.60% of their portfolio | 1.6m $83.9m | Unchanged |
| UBS Group AG 0.02% of their portfolio | 1.5m $82.1m | Reduced -313.5k |
| ALKEON CAPITAL MANAGEMENT LLC 0.35% of their portfolio | 1.4m $76.8m | Reduced -745.5k |
| Greenwoods Asset Management Hong Kong Ltd. 1.59% of their portfolio | 1.3m $70.5m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 916.3k $48.6m | Reduced -4.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.09% of their portfolio | 888.1k $47.1m | Reduced -467.3k |
| BlackRock, Inc. 0.00% of their portfolio | 868.0k $46.1m | Reduced -422.4k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 816.8k $43.4m | Reduced -172.7k |
| Cederberg Capital Ltd 12.24% of their portfolio | 807.7k $42.9m | Reduced -120.8k |
| Tiger Pacific Capital LP 9.34% of their portfolio | 695.5k $36.9m | Reduced -9.9k |
| SERENITY CAPITAL MANAGEMENT PTE. LTD. 8.85% of their portfolio | 656.9k $34.9m | Added +411.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 618.3k $32.8m | Added +2.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 610.1k $32.4m | Reduced -35.1k |
| Orbis Allan Gray Ltd 0.14% of their portfolio | 597.5k $31.7m | New |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.17% of their portfolio | 565.1k $30.0m | Reduced -590.0k |
| Yiheng Capital Management, L.P. 9.16% of their portfolio | 521.9k $27.7m | Reduced -76.2k |
| Monolith Management Ltd 11.84% of their portfolio | 506.0k $26.9m | Added +241.5k |
| Green Court Capital Management Ltd 10.63% of their portfolio | 440.6k $23.4m | Reduced -427.9k |
| BARCLAYS PLC 0.01% of their portfolio | 431.6k $22.9m | Added +220.1k |
| Triata Capital Ltd 2.28% of their portfolio | 367.4k $19.5m | Added +14.4k |
| Carmignac Gestion 0.29% of their portfolio | 363.3k $19.3m | Added +98.0k |
| Amundi 0.01% of their portfolio | 351.3k $18.5m | Reduced -57.4k |
| SHAH CAPITAL MANAGEMENT 2.89% of their portfolio | 304.7k $16.2m | Reduced -573 |
| FMR LLC 0.00% of their portfolio | 287.0k $15.2m | Reduced -322.1k |
| BRILLIANCE ASSET MANAGEMENT LTD 6.92% of their portfolio | 244.5k $13.0m | Reduced -771.9k |
| Hel Ved Capital Management Ltd 5.94% of their portfolio | 206.2k $10.9m | Reduced -46.3k |
| Point72 Hong Kong Ltd 0.49% of their portfolio | 198.5k $10.5m | Added +104.3k |
| CITIGROUP INC 0.01% of their portfolio | 188.4k $10.0m | Added +6.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 185.4k $9.8m | Added +100.4k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 159.1k $8.4m | Added +132.6k |
| Oasis Management Co Ltd. 1.40% of their portfolio | 155.4k $8.2m | Added +5.0k |
| Tairen Capital Ltd 0.89% of their portfolio | 155.3k $8.2m | New |
| Jump Financial, LLC 0.09% of their portfolio | 132.1k $7.0m | Reduced -39.0k |
| Harvest Fund Management Co., Ltd 0.29% of their portfolio | 128.4k $6.8m | Reduced -4.8k |
| Walleye Capital LLC 0.05% of their portfolio | 125.7k $6.7m | Added +116.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 123.3k $6.5m | Reduced -270 |
| Legal & General Group Plc 0.00% of their portfolio | 100.3k $5.3m | Added +4.0k |
| Polymer Capital Management (HK) LTD 0.70% of their portfolio | 94.4k $5.0m | Reduced -15.8k |
| Man Group plc 0.01% of their portfolio | 90.4k $4.8m | Reduced -126 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 86.3k $4.6m | Reduced -88.8k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio | 83.7k $4.4m | Added +1.6k |
| Invesco Ltd. 0.00% of their portfolio | 79.5k $4.2m | Reduced -1.0k |
| Trexquant Investment LP 0.04% of their portfolio | 74.7k $4.0m | Added +56.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 69.0k $3.7m | Reduced -190.6k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 67.7k $3.6m | Added +29.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 67.4k $3.6m | Added +57.7k |
| Siren, L.L.C. 0.13% of their portfolio | 62.0k $3.3m | Reduced -10.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 57.7k $3.1m | Added +5.8k |
| Y-Intercept (Hong Kong) Ltd 0.07% of their portfolio | 52.5k $2.8m | Reduced -86.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 51.7k $2.7m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 50.8k $2.7m | Unchanged |
| FACTORY MUTUAL INSURANCE CO 0.02% of their portfolio | 47.2k $2.5m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 43.5k $2.3m | Reduced -7.7k |
| OPTIMAS CAPITAL Ltd 1.25% of their portfolio | 37.2k $2.0m | New |
| HRT FINANCIAL LP 0.01% of their portfolio | 31.1k $1.6m | Added +5.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 25.8k $1.4m | Reduced -9.6k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 25.7k $1.4m | Reduced -248 |
| Swedbank AB 0.00% of their portfolio | 23.5k $1.2m | Reduced -6.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 22.6k $1.2m | Added +5.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 20.6k $1.1m | Unchanged |
| Quantinno Capital Management LP 0.00% of their portfolio | 20.5k $1.1m | Added +7.3k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 20.2k $1.1m | Reduced -43.5k |
| Caisse de depot et placement du Quebec 0.00% of their portfolio | 19.4k $1.0m | Reduced -4.6k |
| PROFUND ADVISORS LLC 0.03% of their portfolio | 19.2k $1.0m | Added +3.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 18.8k $999.1k | Reduced -22.6k |
| IMC-Chicago, LLC 0.02% of their portfolio | 18.2k $966.7k | Added +5.9k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 16.7k $884.0k | Added +14.0k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.02% of their portfolio | 16.1k $855.6k | Unchanged |
| BAROMETER CAPITAL MANAGEMENT INC. 0.19% of their portfolio | 16.0k $849.1k | Added +7.0k |
| BlueCrest Capital Management Ltd 0.05% of their portfolio | 15.8k $838.5k | Unchanged |
| GROUP ONE TRADING LLC 0.02% of their portfolio | 15.5k $822.0k | Added +8.5k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 14.1k $746.3k | New |
| GSA CAPITAL PARTNERS LLP 0.06% of their portfolio | 13.1k $697.0k | New |
| Laird Norton Wetherby Wealth Management, LLC 0.03% of their portfolio | 13.0k $688.1k | Reduced -33 |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 12.9k $685.8k | Added +300 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 12.4k $657.5k | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 11.5k $608.4k | Added +50 |
| Persistent Asset Partners Ltd 0.41% of their portfolio | 10.7k $565.4k | New |
| FOX RUN MANAGEMENT, L.L.C. 0.09% of their portfolio | 10.5k $559.8k | Added +573 |
| Squarepoint Ops LLC 0.00% of their portfolio | 10.4k $554.2k | Added +2.0k |
| Prescott Group Capital Management, L.L.C. 0.06% of their portfolio | 10.0k $530.7k | Unchanged |
| INVESTMENT HOUSE LLC 0.03% of their portfolio | 10.0k $530.7k | New |
| Bayforest Capital Ltd 0.24% of their portfolio | 9.6k $508.3k | Added +9.3k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 9.3k $493.6k | New |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 9.1k $484.5k | Added +218 |
| Myriad Asset Management US LP 0.23% of their portfolio | 8.1k $429.6k | New |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 8.0k $423.0k | Unchanged |
| DRW Securities, LLC 0.02% of their portfolio | 7.1k $373.3k | New |
| ABC ARBITRAGE SA 0.04% of their portfolio | 7.0k $372.0k | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 7.0k $371.5k | Unchanged |
| West Family Investments, Inc. 0.08% of their portfolio | 7.0k $369.2k | Added +103 |
| Campbell & CO Investment Adviser LLC 0.03% of their portfolio | 6.7k $355.9k | Reduced -4.8k |
| US BANCORP \DE\ 0.00% of their portfolio | 6.6k $350.3k | Added +22 |