Vault-13

TAL EDUCATION GROUP TAL

SPONSORED ADS · ADR · CUSIP 874080104 · ISIN US8740801043

After-school education institution of China

242 institutional holders +1 vs Q1 2024
254,918,118254.9m shares reported held*
$2.7bnreported value*
31 new 79 added 88 reduced 28 sold out net sold ≈ $341.0m (-32.0m 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 ($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

0100200300Q3 22: 191Q4 22: 221Q1 23: 194Q2 23: 191Q3 23: 195Q4 23: 220Q1 24: 241Q2 24: 242242Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022191
Q4 2022221
Q1 2023194
Q2 2023191
Q3 2023195
Q4 2023220
Q1 2024241
Q2 2024242

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 113 bought or addedQ4 22: 80 cut or sold outQ4 22Q1 23: 90 bought or addedQ1 23: 112 cut or sold outQ2 23: 54 bought or addedQ2 23: 102 cut or sold outQ2 23Q3 23: 78 bought or addedQ3 23: 101 cut or sold outQ4 23: 111 bought or addedQ4 23: 89 cut or sold outQ4 23Q1 24: 123 bought or addedQ1 24: 114 cut or sold outQ2 24: 110 bought or addedQ2 24: 116 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202211380
Q1 202390112
Q2 202354102
Q3 202378101
Q4 202311189
Q1 2024123114
Q2 2024110116

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 23 calls: $48.7mQ3 23 puts: $42.0mQ3 23P/C 0.86Q4 23 calls: $99.7mQ4 23 puts: $72.4mQ4 23P/C 0.73Q1 24 calls: $31.7mQ1 24 puts: $34.8mQ1 24P/C 1.10Q2 24 calls: $39.3mQ2 24 puts: $29.5mQ2 24P/C 0.75
Numbers
QuarterCallsPutsP/C
Q3 2023$48.7m$42.0m0.86
Q4 2023$99.7m$72.4m0.73
Q1 2024$31.7m$34.8m1.10
Q2 2024$39.3m$29.5m0.75

Biggest buyers

Aspex Management (HK) Ltd New +11,351,592+11.4m
TT International Asset Management LTD New +3,849,844+3.8m
NORGES BANK Added +3,829,076+3.8m
Point72 Hong Kong Ltd New +3,320,472+3.3m
JPMORGAN CHASE & CO Added +1,808,282+1.8m
Krane Funds Advisors LLC Added +1,749,438+1.7m
Amundi Added +1,675,278+1.7m
Point72 Asset Management, L.P. New +1,637,900+1.6m
Man Group plc New +874,414+874.4k
Tiger Pacific Capital LP Added +860,694+860.7k

Biggest sellers

MORGAN STANLEY Reduced -25,890,640-25.9m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -14,751,541-14.8m
Tairen Capital Ltd Sold out -3,975,438-4.0m
BANK OF AMERICA CORP /DE/ Reduced -2,788,496-2.8m
ACADIAN ASSET MANAGEMENT LLC Reduced -2,460,173-2.5m
FMR LLC Reduced -2,203,871-2.2m
FengHe Fund Management Pte. Ltd. Sold out -2,088,710-2.1m
Mirae Asset Global Investments Co., Ltd. Reduced -1,450,036-1.5m
Nuveen Asset Management, LLC Reduced -1,362,285-1.4m
Susquehanna Portfolio Strategies, LLC Sold out -1,108,194-1.1m

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 22,190,05722.2m $236.8m $236.8m 0.02% Reduced -25.9m -25,890,640
2 Krane Funds Advisors LLC 8.71% of their portfolio NEW YORK, NY 19,333,57519.3m $206.3m $206.3m 8.71% Added +1.7m +1,749,438
3 BlackRock Inc. 0.00% of their portfolio New York, NY 19,194,57319.2m $204.8m $204.8m 0.00% Reduced -119.2k -119,159
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 15,910,54215.9m $169.8m $169.8m 0.00% Added +19.3k +19,274
5 Aspex Management (HK) Ltd 2.59% of their portfolio CENTRAL, K3 11,351,59211.4m $121.1m $121.1m 2.59% New
6 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 9,454,4729.5m $100.9m $100.9m 0.02% Added +414.3k +414,330
7 Tiger Pacific Capital LP 28.03% of their portfolio NEW YORK, NY 9,113,3949.1m $97.2m $97.2m 28.03% Added +860.7k +860,694
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 8,601,7158.6m $91.8m $91.8m 0.01% Reduced -2.8m -2,788,496
9 NORGES BANK 0.01% of their portfolio OSLO, Q8 7,934,2437.9m $84.7m $84.7m 0.01% Added +3.8m +3,829,076
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,482,6397.5m $79.8m $79.8m 0.00% Added +351.6k +351,550
11 HCEP Management Ltd 14.31% of their portfolio HONG KONG, K3 5,000,0005.0m $53.4m $53.4m 14.31% Unchanged
12 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.13% of their portfolio TORONTO, A6 4,209,8004.2m $44.9m $44.9m 0.13% Added +321.0k +321,000
13 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 4,187,0284.2m $44.7m $44.7m 0.04% Added +709.8k +709,845
14 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 3,939,3383.9m $42.0m $42.0m 0.03% Reduced -929.3k -929,274
15 UBS Group AG 0.01% of their portfolio ZURICH, V8 3,931,5083.9m $41.9m $41.9m 0.01% Added +14.7k +14,665
16 Discerene Group LP 6.32% of their portfolio STAMFORD, CT 3,859,7873.9m $41.2m $41.2m 6.32% Reduced -25.8k -25,800
17 TT International Asset Management LTD 5.13% of their portfolio LONDON, X0 3,849,8443.8m $41.1m $41.1m 5.13% New
18 Harvest Fund Management Co., Ltd 2.90% of their portfolio BEIJING, F4 3,759,6873.8m $40.1m $40.1m 2.90% Added +292.5k +292,534
19 Amundi 0.01% of their portfolio Paris, I0 3,477,0253.5m $37.6m $37.6m 0.01% Added +1.7m +1,675,278
20 Point72 Hong Kong Ltd 2.16% of their portfolio HONG KONG, K3 3,320,4723.3m $35.4m $35.4m 2.16% New
21 Greenwoods Asset Management Hong Kong Ltd. 0.91% of their portfolio HONG KONG, K3 3,252,8973.3m $34.7m $34.7m 0.91% Added +286.5k +286,500
22 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 3,129,3013.1m $33.4m $33.4m 0.03% Added +346.2k +346,224
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,948,1222.9m $31.5m $31.5m 0.00% Added +1.8m +1,808,282
24 E Fund Management Co., Ltd. 1.67% of their portfolio GUANGZHOU, F4 2,836,9282.8m $30.3m $30.3m 1.67% Reduced -130.5k -130,535
25 Legal & General Group Plc 0.01% of their portfolio London, X0 2,560,1732.6m $27.3m $27.3m 0.01% Reduced -65.6k -65,639
26 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 2,546,9002.5m $26.7m $26.7m 0.04% Reduced -710.8k -710,800
27 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,471,5302.5m $26.2m $26.2m 0.00% Added +57.8k +57,813
28 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 2,259,4002.3m $24.1m $24.1m 0.04% Unchanged
29 53 HOUSE LLP 5.70% of their portfolio LONDON, X0 2,249,9062.2m $24.0m $24.0m 5.70% Reduced -76.7k -76,706
30 Cederberg Capital Ltd 7.89% of their portfolio LONDON, X0 2,248,5872.2m $24.0m $24.0m 7.89% Reduced -398.3k -398,282
31 WT Asset Management Ltd 2.24% of their portfolio HONG KONG, K3 2,151,7552.2m $23.0m $23.0m 2.24% Reduced -1.1m -1,068,768
32 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 2,133,7002.1m $22.8m $22.8m 0.06% Reduced -823.2k -823,172
33 Pictet Asset Management Holding SA 0.02% of their portfolio CAROUGE, V8 2,004,0712.0m $21.4m $21.4m 0.02% Added +304.4k +304,362
34 Yiheng Capital Management, L.P. 2.91% of their portfolio SAN FRANCISCO, CA 1,935,7181.9m $20.7m $20.7m 2.91% Unchanged
35 Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio VANCOUVER, A1 1,826,2371.8m $19.5m $19.5m 0.08% Reduced -321.9k -321,858
36 ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio Boston, MA 1,649,1041.6m $17.6m $17.6m 0.05% Reduced -2.5m -2,460,173
37 Point72 Asset Management, L.P. 0.06% of their portfolio STAMFORD, CT 1,637,9001.6m $17.5m $17.5m 0.06% New
38 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 1,598,8271.6m $17.1m $17.1m 0.02% Added +547.3k +547,260
39 Broad Peak Investment Advisers Pte Ltd 3.87% of their portfolio SINGAPORE, U0 1,541,1901.5m $16.4m $16.4m 3.87% First filing
40 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.09% of their portfolio SAN FRANCISCO, CA 1,365,0001.4m $14.6m $14.6m 0.09% Unchanged
41 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 1,341,6771.3m $14.3m $14.3m 0.03% Reduced -706.8k -706,842
42 Capitolis Liquid Global Markets LLC 0.17% of their portfolio NEW YORK, NY 1,315,0001.3m $14.0m $14.0m 0.17% Unchanged
43 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio JUPITER, FL 1,132,9981.1m $12.1m $12.1m 0.04% Added +299.1k +299,131
44 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 1,126,3231.1m $12.0m $12.0m 0.01% Reduced -40.2k -40,156
45 KEYSTONE INVESTORS PTE LTD 1.01% of their portfolio SINGAPORE, U0 1,124,0421.1m $12.0m $12.0m 1.01% Reduced -258.9k -258,946
46 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 1,091,5811.1m $11.6m $11.6m 0.00% Added +265.7k +265,728
47 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 1,026,1911.0m $10.9m $10.9m 0.01% Added +467.0k +466,991
48 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,018,2651.0m $10.9m $10.9m 0.00% Added +242.7k +242,661
49 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 1,007,5681.0m $10.8m $10.8m 0.01% Reduced -10.4k -10,446
50 FIL Ltd 0.01% of their portfolio HAMILTON, D0 994,695994.7k $10.6m $10.6m 0.01% Added +136.7k +136,723
51 Swiss National Bank 0.01% of their portfolio ZURICH, V8 988,219988.2k $10.5m $10.5m 0.01% Reduced -2.3k -2,300
52 Think Investments LP 2.02% of their portfolio San Francisco, CA 919,693919.7k $9.8m $9.8m 2.02% Reduced -659.8k -659,802
53 Monolith Management Ltd 4.45% of their portfolio HONG KONG, K3 904,967905.0k $9.7m $9.7m 4.45% Unchanged
54 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 889,521889.5k $9.5m $9.5m 0.00% Reduced -1.4m -1,362,285
55 Man Group plc 0.02% of their portfolio LONDON, X0 874,414874.4k $9.3m $9.3m 0.02% New
56 CANADA LIFE ASSURANCE Co 0.02% of their portfolio WINNIPEG, A2 771,300771.3k $8.2m $8.2m 0.02% Reduced -55.3k -55,300
57 AI-Squared Management Ltd 7.39% of their portfolio HONG KONG, K3 758,442758.4k $8.1m $8.1m 7.39% Added +286.9k +286,942
58 PRUDENTIAL PLC 0.05% of their portfolio LONDON, X0 684,204684.2k $7.3m $7.3m 0.05% Added +535.5k +535,493
59 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 681,552681.6k $7.3m $7.3m 0.02% Reduced -767.8k -767,767
60 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 646,365646.4k $6.9m $6.9m 0.00% Reduced -11.3k -11,302
61 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 612,583612.6k $6.5m $6.5m 0.00% Reduced -14.8m -14,751,541
62 California Public Employees Retirement System 0.00% of their portfolio Sacramento, CA 608,724608.7k $6.5m $6.5m 0.00% Reduced -76.8k -76,808
63 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 571,939571.9k $6.1m $6.1m 0.00% Reduced -124.0k -123,974
64 DNCA FINANCE 0.52% of their portfolio PARIS, I0 563,300563.3k $6.0m $6.0m 0.52% First filing
65 TB Alternative Assets Ltd. 1.35% of their portfolio HONG KONG, K3 545,000545.0k $5.8m $5.8m 1.35% Reduced -135.5k -135,500
66 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 515,626515.6k $5.5m $5.5m 0.01% Added +34.2k +34,169
67 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 513,213513.2k $5.5m $5.5m 0.00% Added +94.5k +94,530
68 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 509,758509.8k $5.4m $5.4m 0.00% Added +82.7k +82,731
69 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 484,487484.5k $5.2m $5.2m 0.01% Reduced -143.5k -143,546
70 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 477,680477.7k $5.1m $5.1m 0.00% Reduced -4.0k -4,004
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 466,426466.4k $5.0m $5.0m 0.00% Reduced -432.1k -432,116
72 Beck Bode, LLC 1.00% of their portfolio DEDHAM, MA 464,197464.2k $5.0m $5.0m 1.00% Added +208.0k +207,967
73 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 448,763448.8k $4.8m $4.8m 0.08% Added +228.4k +228,388
74 Bridgewater Associates, LP 0.02% of their portfolio Westport, CT 448,342448.3k $4.8m $4.8m 0.02% Reduced -129.6k -129,645
75 Carmignac Gestion 0.08% of their portfolio PARIS, I0 430,412430.4k $4.6m $4.6m 0.08% Reduced -15.3k -15,338
76 Sumitomo Mitsui DS Asset Management Company, Ltd 0.05% of their portfolio TOKYO, M0 428,231428.2k $4.6m $4.6m 0.05% Added +17.6k +17,600
77 Oasis Management Co Ltd. 1.43% of their portfolio GRAND CAYMAN, E9 410,100410.1k $4.4m $4.4m 1.43% New
78 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 409,384409.4k $4.4m $4.4m 0.01% Reduced -242.0k -241,996
79 Trexquant Investment LP 0.07% of their portfolio STAMFORD, CT 408,681408.7k $4.4m $4.4m 0.07% Reduced -85.0k -84,990
80 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 405,956406.0k $4.3m $4.3m 0.01% First filing
81 Hel Ved Capital Management Ltd 1.47% of their portfolio CENTRAL, K3 395,800395.8k $4.2m $4.2m 1.47% Reduced -711.0k -711,000
82 PINEBRIDGE INVESTMENTS, L.P. 0.03% of their portfolio NEW YORK, NY 392,167392.2k $4.2m $4.2m 0.03% Added +20.0k +19,993
83 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 391,994392.0k $4.2m $4.2m 0.00% Reduced -16.0k -15,995
84 EDMOND DE ROTHSCHILD HOLDING S.A. 0.07% of their portfolio CHAMBESY, V8 377,540377.5k $4.0m $4.0m 0.07% Added +8.2k +8,240
85 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 369,006369.0k $3.9m $3.9m 0.00% Added +127.1k +127,080
86 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 362,323362.3k $3.9m $3.9m 0.02% Reduced -1.5m -1,450,036
87 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 358,462358.5k $3.8m $3.8m 0.00% Added +313.3k +313,312
88 E Fund Management (Hong Kong) Co., Ltd. 2.31% of their portfolio CENTRAL, K3 353,729353.7k $3.8m $3.8m 2.31% Added +7.3k +7,263
89 Pinpoint Asset Management Ltd 0.52% of their portfolio HONG KONG, K3 344,466344.5k $3.7m $3.7m 0.52% Added +209.4k +209,365
90 Polymer Capital Management (HK) LTD 0.73% of their portfolio HONG KONG, K3 339,000339.0k $3.6m $3.6m 0.73% Added +73.7k +73,700
91 Walleye Capital LLC 0.04% of their portfolio NEW YORK, NY 338,365338.4k $3.6m $3.6m 0.04% Reduced -30.7k -30,730
92 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 320,711320.7k $3.4m $3.4m 0.01% Added +2.9k +2,900
93 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 315,614315.6k $3.4m $3.4m 0.00% Added +48.4k +48,410
94 Taikang Asset Management (Hong Kong) Co Ltd 0.51% of their portfolio HONG KONG, K3 310,327310.3k $3.3m $3.3m 0.51% Added +170.0k +169,987
95 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 298,467298.5k $3.2m $3.2m 0.02% Reduced -15.4k -15,361
96 AVIVA PLC 0.01% of their portfolio LONDON, X0 298,151298.2k $3.2m $3.2m 0.01% Unchanged
97 STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio LYSAKER, Q8 286,040286.0k $3.1m $3.1m 0.01% Reduced -19.2k -19,214
98 Perpetual Ltd 0.03% of their portfolio SYDNEY, NEW SOUTH WALES, C3 270,605270.6k $2.9m $2.9m 0.03% Reduced -14.4k -14,435
99 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 253,624253.6k $2.7m $2.7m 0.00% Added +3.2k +3,159
100 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 252,268252.3k $2.7m $2.7m 0.01% Unchanged