TAL EDUCATION GROUP TAL
SPONSORED ADS · ADR · CUSIP 874080104 · ISIN US8740801043
After-school education institution of China
- IndustryServices-Educational Services
- HeadquartersBeijing, People's Republic of China
- Founded2003
- Websiteen.100tal.com
- 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 ($26.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.67. Options: 16 managers hold calls ($39.3m notional), 16 hold puts ($29.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 191 |
| Q4 2022 | 221 |
| Q1 2023 | 194 |
| Q2 2023 | 191 |
| Q3 2023 | 195 |
| Q4 2023 | 220 |
| Q1 2024 | 241 |
| Q2 2024 | 242 |
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 2022 | 113 | 80 |
| Q1 2023 | 90 | 112 |
| Q2 2023 | 54 | 102 |
| Q3 2023 | 78 | 101 |
| Q4 2023 | 111 | 89 |
| Q1 2024 | 123 | 114 |
| Q2 2024 | 110 | 116 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $48.7m | $42.0m | 0.86 |
| Q4 2023 | $99.7m | $72.4m | 0.73 |
| Q1 2024 | $31.7m | $34.8m | 1.10 |
| Q2 2024 | $39.3m | $29.5m | 0.75 |
Biggest buyers
| Aspex Management (HK) Ltd | New | +11.4m |
| TT International Asset Management LTD | New | +3.8m |
| NORGES BANK | Added | +3.8m |
| Point72 Hong Kong Ltd | New | +3.3m |
| JPMORGAN CHASE & CO | Added | +1.8m |
| Krane Funds Advisors LLC | Added | +1.7m |
| Amundi | Added | +1.7m |
| Point72 Asset Management, L.P. | New | +1.6m |
| Man Group plc | New | +874.4k |
| Tiger Pacific Capital LP | Added | +860.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -25.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -14.8m |
| Tairen Capital Ltd | Sold out | -4.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.8m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -2.5m |
| FMR LLC | Reduced | -2.2m |
| FengHe Fund Management Pte. Ltd. | Sold out | -2.1m |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -1.5m |
| Nuveen Asset Management, LLC | Reduced | -1.4m |
| Susquehanna Portfolio Strategies, LLC | Sold out | -1.1m |
Biggest calls
| Caption Management, LLC | New | $11.3m1.1m shares |
| GROUP ONE TRADING LLC | Reduced | $5.8m542.3k shares |
| IMC-Chicago, LLC | Added | $3.7m343.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.3m309.3k shares |
| JANE STREET GROUP, LLC | Reduced | $3.3m304.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0m284.9k shares |
| Walleye Trading LLC | Added | $2.4m228.4k shares |
| CITADEL ADVISORS LLC | Reduced | $2.2m203.3k shares |
| Cubist Systematic Strategies, LLC | Reduced | $1.9m175.1k shares |
| WOLVERINE TRADING, LLC | Added | $900.5k84.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.1m572.7k shares |
| Caption Management, LLC | Reduced | $3.6m340.0k shares |
| IMC-Chicago, LLC | Added | $2.7m255.2k shares |
| D. E. Shaw & Co., Inc. | New | $2.7m250.0k shares |
| Squarepoint Ops LLC | Added | $2.5m230.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.4m228.4k shares |
| Walleye Trading LLC | Added | $2.2m208.0k shares |
| GROUP ONE TRADING LLC | Reduced | $2.2m202.6k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m129.7k shares |
| JANE STREET GROUP, LLC | Added | $1.2m109.5k 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: FMR LLC (0.7%, 2026-05-06)
Insider purchases and sales in Q2 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.02% of their portfolio | 22.2m $236.8m | Reduced -25.9m |
| Krane Funds Advisors LLC 8.71% of their portfolio | 19.3m $206.3m | Added +1.7m |
| BlackRock Inc. 0.00% of their portfolio | 19.2m $204.8m | Reduced -119.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 15.9m $169.8m | Added +19.3k |
| Aspex Management (HK) Ltd 2.59% of their portfolio | 11.4m $121.1m | New |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 9.5m $100.9m | Added +414.3k |
| Tiger Pacific Capital LP 28.03% of their portfolio | 9.1m $97.2m | Added +860.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 8.6m $91.8m | Reduced -2.8m |
| NORGES BANK 0.01% of their portfolio | 7.9m $84.7m | Added +3.8m |
| STATE STREET CORP 0.00% of their portfolio | 7.5m $79.8m | Added +351.6k |
| HCEP Management Ltd 14.31% of their portfolio | 5.0m $53.4m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.13% of their portfolio | 4.2m $44.9m | Added +321.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 4.2m $44.7m | Added +709.8k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 3.9m $42.0m | Reduced -929.3k |
| UBS Group AG 0.01% of their portfolio | 3.9m $41.9m | Added +14.7k |
| Discerene Group LP 6.32% of their portfolio | 3.9m $41.2m | Reduced -25.8k |
| TT International Asset Management LTD 5.13% of their portfolio | 3.8m $41.1m | New |
| Harvest Fund Management Co., Ltd 2.90% of their portfolio | 3.8m $40.1m | Added +292.5k |
| Amundi 0.01% of their portfolio | 3.5m $37.6m | Added +1.7m |
| Point72 Hong Kong Ltd 2.16% of their portfolio | 3.3m $35.4m | New |
| Greenwoods Asset Management Hong Kong Ltd. 0.91% of their portfolio | 3.3m $34.7m | Added +286.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 3.1m $33.4m | Added +346.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.9m $31.5m | Added +1.8m |
| E Fund Management Co., Ltd. 1.67% of their portfolio | 2.8m $30.3m | Reduced -130.5k |
| Legal & General Group Plc 0.01% of their portfolio | 2.6m $27.3m | Reduced -65.6k |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 2.5m $26.7m | Reduced -710.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.5m $26.2m | Added +57.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 2.3m $24.1m | Unchanged |
| 53 HOUSE LLP 5.70% of their portfolio | 2.2m $24.0m | Reduced -76.7k |
| Cederberg Capital Ltd 7.89% of their portfolio | 2.2m $24.0m | Reduced -398.3k |
| WT Asset Management Ltd 2.24% of their portfolio | 2.2m $23.0m | Reduced -1.1m |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 2.1m $22.8m | Reduced -823.2k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 2.0m $21.4m | Added +304.4k |
| Yiheng Capital Management, L.P. 2.91% of their portfolio | 1.9m $20.7m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 1.8m $19.5m | Reduced -321.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 1.6m $17.6m | Reduced -2.5m |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 1.6m $17.5m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.6m $17.1m | Added +547.3k |
| Broad Peak Investment Advisers Pte Ltd 3.87% of their portfolio | 1.5m $16.4m | First filing |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.09% of their portfolio | 1.4m $14.6m | Unchanged |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 1.3m $14.3m | Reduced -706.8k |
| Capitolis Liquid Global Markets LLC 0.17% of their portfolio | 1.3m $14.0m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 1.1m $12.1m | Added +299.1k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 1.1m $12.0m | Reduced -40.2k |
| KEYSTONE INVESTORS PTE LTD 1.01% of their portfolio | 1.1m $12.0m | Reduced -258.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.1m $11.6m | Added +265.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.0m $10.9m | Added +467.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.0m $10.9m | Added +242.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 1.0m $10.8m | Reduced -10.4k |
| FIL Ltd 0.01% of their portfolio | 994.7k $10.6m | Added +136.7k |
| Swiss National Bank 0.01% of their portfolio | 988.2k $10.5m | Reduced -2.3k |
| Think Investments LP 2.02% of their portfolio | 919.7k $9.8m | Reduced -659.8k |
| Monolith Management Ltd 4.45% of their portfolio | 905.0k $9.7m | Unchanged |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 889.5k $9.5m | Reduced -1.4m |
| Man Group plc 0.02% of their portfolio | 874.4k $9.3m | New |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 771.3k $8.2m | Reduced -55.3k |
| AI-Squared Management Ltd 7.39% of their portfolio | 758.4k $8.1m | Added +286.9k |
| PRUDENTIAL PLC 0.05% of their portfolio | 684.2k $7.3m | Added +535.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 681.6k $7.3m | Reduced -767.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 646.4k $6.9m | Reduced -11.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 612.6k $6.5m | Reduced -14.8m |
| California Public Employees Retirement System 0.00% of their portfolio | 608.7k $6.5m | Reduced -76.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 571.9k $6.1m | Reduced -124.0k |
| DNCA FINANCE 0.52% of their portfolio | 563.3k $6.0m | First filing |
| TB Alternative Assets Ltd. 1.35% of their portfolio | 545.0k $5.8m | Reduced -135.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 515.6k $5.5m | Added +34.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 513.2k $5.5m | Added +94.5k |
| BARCLAYS PLC 0.00% of their portfolio | 509.8k $5.4m | Added +82.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 484.5k $5.2m | Reduced -143.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 477.7k $5.1m | Reduced -4.0k |
| CITIGROUP INC 0.00% of their portfolio | 466.4k $5.0m | Reduced -432.1k |
| Beck Bode, LLC 1.00% of their portfolio | 464.2k $5.0m | Added +208.0k |
| Cubist Systematic Strategies, LLC 0.08% of their portfolio | 448.8k $4.8m | Added +228.4k |
| Bridgewater Associates, LP 0.02% of their portfolio | 448.3k $4.8m | Reduced -129.6k |
| Carmignac Gestion 0.08% of their portfolio | 430.4k $4.6m | Reduced -15.3k |
| Sumitomo Mitsui DS Asset Management Company, Ltd 0.05% of their portfolio | 428.2k $4.6m | Added +17.6k |
| Oasis Management Co Ltd. 1.43% of their portfolio | 410.1k $4.4m | New |
| MARSHALL WACE, LLP 0.01% of their portfolio | 409.4k $4.4m | Reduced -242.0k |
| Trexquant Investment LP 0.07% of their portfolio | 408.7k $4.4m | Reduced -85.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 406.0k $4.3m | First filing |
| Hel Ved Capital Management Ltd 1.47% of their portfolio | 395.8k $4.2m | Reduced -711.0k |
| PINEBRIDGE INVESTMENTS, L.P. 0.03% of their portfolio | 392.2k $4.2m | Added +20.0k |
| Invesco Ltd. 0.00% of their portfolio | 392.0k $4.2m | Reduced -16.0k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio | 377.5k $4.0m | Added +8.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 369.0k $3.9m | Added +127.1k |
| Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio | 362.3k $3.9m | Reduced -1.5m |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 358.5k $3.8m | Added +313.3k |
| E Fund Management (Hong Kong) Co., Ltd. 2.31% of their portfolio | 353.7k $3.8m | Added +7.3k |
| Pinpoint Asset Management Ltd 0.52% of their portfolio | 344.5k $3.7m | Added +209.4k |
| Polymer Capital Management (HK) LTD 0.73% of their portfolio | 339.0k $3.6m | Added +73.7k |
| Walleye Capital LLC 0.04% of their portfolio | 338.4k $3.6m | Reduced -30.7k |
| Korea Investment CORP 0.01% of their portfolio | 320.7k $3.4m | Added +2.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 315.6k $3.4m | Added +48.4k |
| Taikang Asset Management (Hong Kong) Co Ltd 0.51% of their portfolio | 310.3k $3.3m | Added +170.0k |
| SG Americas Securities, LLC 0.02% of their portfolio | 298.5k $3.2m | Reduced -15.4k |
| AVIVA PLC 0.01% of their portfolio | 298.2k $3.2m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 286.0k $3.1m | Reduced -19.2k |
| Perpetual Ltd 0.03% of their portfolio | 270.6k $2.9m | Reduced -14.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 253.6k $2.7m | Added +3.2k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 252.3k $2.7m | Unchanged |