Vault-13

TAL EDUCATION GROUP TAL

SPONSORED ADS · ADR · CUSIP 874080104 · ISIN US8740801043

After-school education institution of China

252 institutional holders +19 vs Q4 2024
307,498,374307.5m shares reported held*
$4.0bnreported value*
45 new 100 added 71 reduced 30 sold out net bought ≈ $247.6m (+24.7m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.95. Options: 18 managers hold calls ($29.0m notional), 15 hold puts ($16.6m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 191Q4 22: 221Q1 23: 194Q2 23: 191Q3 23: 195Q4 23: 220Q1 24: 241Q2 24: 242Q3 24: 237Q4 24: 233Q1 25: 252252Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022191
Q4 2022221
Q1 2023194
Q2 2023191
Q3 2023195
Q4 2023220
Q1 2024241
Q2 2024242
Q3 2024237
Q4 2024233
Q1 2025252

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 54 bought or addedQ2 23: 102 cut or sold outQ3 23: 78 bought or addedQ3 23: 101 cut or sold outQ3 23Q4 23: 111 bought or addedQ4 23: 89 cut or sold outQ1 24: 123 bought or addedQ1 24: 114 cut or sold outQ1 24Q2 24: 110 bought or addedQ2 24: 116 cut or sold outQ3 24: 101 bought or addedQ3 24: 134 cut or sold outQ3 24Q4 24: 115 bought or addedQ4 24: 116 cut or sold outQ1 25: 145 bought or addedQ1 25: 101 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202354102
Q3 202378101
Q4 202311189
Q1 2024123114
Q2 2024110116
Q3 2024101134
Q4 2024115116
Q1 2025145101

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 24 calls: $39.3mQ2 24 puts: $29.5mQ2 24P/C 0.75Q3 24 calls: $38.0mQ3 24 puts: $56.7mQ3 24P/C 1.49Q4 24 calls: $57.0mQ4 24 puts: $75.6mQ4 24P/C 1.33Q1 25 calls: $29.0mQ1 25 puts: $16.6mQ1 25P/C 0.57
Numbers
QuarterCallsPutsP/C
Q2 2024$39.3m$29.5m0.75
Q3 2024$38.0m$56.7m1.49
Q4 2024$57.0m$75.6m1.33
Q1 2025$29.0m$16.6m0.57

Biggest buyers

FMR LLC Added +12,079,829+12.1m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +12,061,305+12.1m
Mirae Asset Global Investments Co., Ltd. Added +5,830,321+5.8m
BANK OF AMERICA CORP /DE/ Added +4,235,489+4.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +3,980,261+4.0m
CITIGROUP INC Added +3,957,142+4.0m
Aspex Management (HK) Ltd Added +3,642,089+3.6m
MARSHALL WACE, LLP New +3,015,283+3.0m
TWO SIGMA INVESTMENTS, LP New +2,144,766+2.1m
UBS Group AG Added +1,789,209+1.8m

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -10,263,589-10.3m
MORGAN STANLEY Reduced -6,125,109-6.1m
Tiger Pacific Capital LP Reduced -5,078,277-5.1m
TT International Asset Management LTD Reduced -3,923,087-3.9m
FengHe Fund Management Pte. Ltd. Reduced -3,079,483-3.1m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -2,732,498-2.7m
Discerene Group LP Reduced -2,335,515-2.3m
MILLENNIUM MANAGEMENT LLC Reduced -1,917,202-1.9m
Yiheng Capital Management, L.P. Reduced -1,878,378-1.9m
53 HOUSE LLP Sold out -1,546,820-1.5m

Biggest calls

IMC-Chicago, LLC Added $5.1m384.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.5m340.5k shares
GROUP ONE TRADING LLC Reduced $3.4m259.8k shares
Parallax Volatility Advisers, L.P. Reduced $3.3m252.7k shares
BNP PARIBAS FINANCIAL MARKETS First filing $2.6m2.0k shares
CITADEL ADVISORS LLC Reduced $1.8m138.1k shares
PEAK6 LLC Reduced $1.6m120.2k shares
GARDA CAPITAL PARTNERS LP New $1.5m111.0k shares
SIMPLEX TRADING, LLC Reduced $1.4m103.8k shares
JANE STREET GROUP, LLC Reduced $758.3k57.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.6m274.9k shares
JANE STREET GROUP, LLC Added $3.5m264.4k shares
CITADEL ADVISORS LLC Reduced $1.8m139.5k shares
IMC-Chicago, LLC Reduced $1.5m112.9k shares
GARDA CAPITAL PARTNERS LP New $1.5m111.0k shares
BNP PARIBAS FINANCIAL MARKETS First filing $1.2m877 shares
GROUP ONE TRADING LLC Reduced $784.7k59.4k shares
Balyasny Asset Management L.P. New $651.3k49.3k shares
WOLVERINE TRADING, LLC Added $619.9k46.4k shares
SIMPLEX TRADING, LLC Reduced $560.0k42.4k 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 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 FMR LLC 0.02% of their portfolio BOSTON, MA 23,668,36323.7m $312.7m $312.7m 0.02% Added +12.1m +12,079,829
2 Krane Funds Advisors LLC 8.14% of their portfolio NEW YORK, NY 21,427,98321.4m $283.1m $283.1m 8.14% Added +1.1m +1,089,797
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 21,292,22821.3m $281.3m $281.3m 0.02% Reduced -6.1m -6,125,109
4 BlackRock, Inc. 0.01% of their portfolio New York, NY 21,233,88421.2m $280.5m $280.5m 0.01% Added +807.7k +807,727
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 17,139,35017.1m $226.4m $226.4m 0.00% Added +290.5k +290,538
6 Aspex Management (HK) Ltd 4.84% of their portfolio CENTRAL, K3 14,197,81914.2m $187.6m $187.6m 4.84% Added +3.6m +3,642,089
7 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio NEW YORK, NY 12,628,64612.6m $166.8m $166.8m 0.04% Added +12.1m +12,061,305
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 12,300,81512.3m $162.5m $162.5m 0.01% Added +4.2m +4,235,489
9 Tiger Pacific Capital LP 41.36% of their portfolio NEW YORK, NY 8,691,4798.7m $114.8m $114.8m 41.36% Reduced -5.1m -5,078,277
10 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.25% of their portfolio TORONTO, A6 8,414,5008.4m $111.2m $111.2m 0.25% Reduced -1.5m -1,499,700
11 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 7,475,1857.5m $98.7m $98.7m 0.02% Reduced -10.3m -10,263,589
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,371,0097.4m $97.4m $97.4m 0.00% Added +103.0k +102,969
13 NORGES BANK 0.01% of their portfolio OSLO, Q8 7,258,6487.3m $95.9m $95.9m 0.01% Added +10.3k +10,321
14 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 6,045,7346.0m $699.0k $699.0k 0.00% Added +5.8m +5,830,321
15 MACQUARIE GROUP LTD 0.10% of their portfolio Sydney, NSW 2000, C3 6,009,1916.0m $79.4m $79.4m 0.10% Reduced -4.9k -4,866
16 UBS Group AG 0.02% of their portfolio ZURICH, V8 5,815,3525.8m $76.8m $76.8m 0.02% Added +1.8m +1,789,209
17 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 4,952,2555.0m $65.4m $65.4m 0.05% Added +4.0m +3,957,142
18 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 3,980,2614.0m $52.6m $52.6m 0.04% New
19 NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio MONTREAL, A8 3,869,5003.9m $51.1m $51.1m 0.06% Added +156.6k +156,600
20 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 3,214,1923.2m $42.5m $42.5m 0.03% First filing
21 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 3,015,2833.0m $39.8m $39.8m 0.05% New
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,913,1892.9m $38.5m $38.5m 0.00% Added +299.5k +299,459
23 MY.Alpha Management HK Advisors Ltd 17.97% of their portfolio HONG KONG, K3 2,734,1752.7m $36.1m $36.1m 17.97% Added +1.2m +1,218,903
24 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 2,622,3642.6m $34.6m $34.6m 0.02% Added +339.5k +339,514
25 Legal & General Group Plc 0.01% of their portfolio London, X0 2,538,7152.5m $33.5m $33.5m 0.01% Added +53.9k +53,917
26 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,506,0182.5m $32.8m $32.8m 0.00% Added +37.4k +37,420
27 Pinpoint Asset Management Ltd 5.71% of their portfolio HONG KONG, K3 2,491,1292.5m $32.9m $32.9m 5.71% Added +384.6k +384,556
28 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 2,486,4432.5m $32.8m $32.8m 0.03% Reduced -1.9m -1,917,202
29 Greenwoods Asset Management Hong Kong Ltd. 1.00% of their portfolio HONG KONG, K3 2,448,8172.4m $32.3m $32.3m 1.00% Reduced -872.1k -872,138
30 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 2,144,7662.1m $28.3m $28.3m 0.06% New
31 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 2,043,8002.0m $27.0m $27.0m 0.04% Reduced -102.5k -102,500
32 Amundi 0.01% of their portfolio Paris, I0 2,017,3542.0m $27.3m $27.3m 0.01% Reduced -524.0k -524,006
33 E Fund Management Co., Ltd. 1.27% of their portfolio GUANGZHOU, F4 2,009,5062.0m $26.5m $26.5m 1.27% Reduced -470.2k -470,223
34 CoreView Capital Management Ltd 2.64% of their portfolio HONG KONG, K3 2,007,1652.0m $26.5m $26.5m 2.64% Added +418.4k +418,356
35 Monolith Management Ltd 17.48% of their portfolio HONG KONG, K3 1,972,6312.0m $26.1m $26.1m 17.48% Reduced -499.0k -499,035
36 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,952,5672.0m $25.8m $25.8m 0.00% Reduced -11.6k -11,647
37 HCEP Management Ltd 14.92% of their portfolio HONG KONG, K3 1,950,0001.9m $25.8m $25.8m 14.92% Reduced -450.0k -450,000
38 Robeco Institutional Asset Management B.V. 0.05% of their portfolio ROTTERDAM, P7 1,875,5661.9m $24.8m $24.8m 0.05% Added +1.7m +1,694,390
39 ACADIAN ASSET MANAGEMENT LLC 0.07% of their portfolio Boston, MA 1,871,5381.9m $24.7m $24.7m 0.07% Added +648.9k +648,920
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,628,9621.6m $21.5m $21.5m 0.00% Added +1.2m +1,232,654
41 Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio VANCOUVER, A1 1,589,3571.6m $21.0m $21.0m 0.09% Added +558.0k +558,002
42 Polymer Capital Management (HK) LTD 3.28% of their portfolio HONG KONG, K3 1,430,2981.4m $18.9m $18.9m 3.28% Added +497.7k +497,676
43 Discerene Group LP 1.87% of their portfolio STAMFORD, CT 1,354,7331.4m $17.9m $17.9m 1.87% Reduced -2.3m -2,335,515
44 Man Group plc 0.05% of their portfolio LONDON, X0 1,292,7411.3m $17.1m $17.1m 0.05% Added +169.3k +169,319
45 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 1,255,8061.3m $16.6m $16.6m 0.02% Reduced -2.7m -2,732,498
46 Anatole Investment Management Ltd 4.50% of their portfolio CENTRAL, K3 1,237,2691.2m $16.3m $16.3m 4.50% New
47 Harvest Fund Management Co., Ltd 0.76% of their portfolio BEIJING, F4 1,161,3021.2m $15.3m $15.3m 0.76% Reduced -882.9k -882,879
48 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,131,4901.1m $14.9m $14.9m 0.00% Reduced -136.5k -136,472
49 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 986,718986.7k $13.0m $13.0m 0.01% Added +65.7k +65,677
50 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 980,547980.5k $13.0m $13.0m 0.02% New
51 TT International Asset Management LTD 1.92% of their portfolio LONDON, X0 973,824973.8k $12.9m $12.9m 1.92% Reduced -3.9m -3,923,087
52 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 967,326967.3k $12.8m $12.8m 0.01% Reduced -2.1k -2,149
53 Fullerton Fund Management Co Ltd. 0.80% of their portfolio SINGAPORE, U0 946,954947.0k $12.5m $12.5m 0.80% Added +656.1k +656,134
54 Swiss National Bank 0.01% of their portfolio ZURICH, V8 935,619935.6k $12.4m $12.4m 0.01% Unchanged
55 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 877,644877.6k $11.6m $11.6m 0.02% New
56 Jump Financial, LLC 0.17% of their portfolio Chicago, IL 853,088853.1k $11.3m $11.3m 0.17% Added +597.1k +597,051
57 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 834,195834.2k $11.0m $11.0m 0.00% Added +28.4k +28,433
58 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 824,215824.2k $10.9m $10.9m 0.00% First filing
59 FengHe Fund Management Pte. Ltd. 3.96% of their portfolio Singapore, U0 800,021800.0k $10.6m $10.6m 3.96% Reduced -3.1m -3,079,483
60 Candriam S.C.A. 0.06% of their portfolio STRASSEN, N4 738,000738.0k $9.7m $9.7m 0.06% New
61 CANADA LIFE ASSURANCE Co 0.02% of their portfolio WINNIPEG, A2 736,600736.6k $9.7m $9.7m 0.02% Reduced -41.2k -41,200
62 FIL Ltd 0.01% of their portfolio HAMILTON, D0 701,932701.9k $9.3m $9.3m 0.01% Added +631.2k +631,194
63 AI-Squared Management Ltd 12.02% of their portfolio HONG KONG, K3 694,976695.0k $9.2m $9.2m 12.02% Added +73.9k +73,900
64 Oasis Management Co Ltd. 2.76% of their portfolio GRAND CAYMAN, E9 638,805638.8k $8.4m $8.4m 2.76% Added +87.8k +87,804
65 PINEBRIDGE INVESTMENTS, L.P. 0.07% of their portfolio NEW YORK, NY 629,408629.4k $8.3m $8.3m 0.07% New
66 Long Focus Capital Management, LLC 0.56% of their portfolio SAN JUAN, PR 627,300627.3k $8.3m $8.3m 0.56% Added +32.0k +32,040
67 Bridgewater Associates, LP 0.04% of their portfolio Westport, CT 575,553575.6k $7.6m $7.6m 0.04% Added +168.7k +168,725
68 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 552,500552.5k $7.3m $7.3m 0.02% Added +496.6k +496,600
69 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 542,932542.9k $7.2m $7.2m 0.01% Reduced -21.3k -21,297
70 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 533,363533.4k $7.0m $7.0m 0.00% Added +18 +18
71 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 509,000509.0k $6.7m $6.7m 0.01% Reduced -159.1k -159,081
72 Perseverance Asset Management International 0.86% of their portfolio GEORGE TOWN, E9 499,687499.7k $6.6m $6.6m 0.86% Reduced -200.3k -200,313
73 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 496,469496.5k $6.6m $6.6m 0.00% Unchanged
74 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 490,800490.8k $6.5m $6.5m 0.00% Added +18.4k +18,380
75 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.11% of their portfolio BALA CYNWYD, PA 484,663484.7k $6.4m $6.4m 0.11% New
76 Beck Bode, LLC 1.12% of their portfolio DEDHAM, MA 455,473455.5k $6.0m $6.0m 1.12% Reduced -72.5k -72,548
77 GF FUND MANAGEMENT CO. LTD. 0.14% of their portfolio GUANGZHOU, F4 436,245436.2k $5.8m $5.8m 0.14% Reduced -271.9k -271,945
78 Shay Capital LLC 1.64% of their portfolio NEW YORK, NY 424,909424.9k $5.6m $5.6m 1.64% Reduced -352.6k -352,591
79 Trexquant Investment LP 0.06% of their portfolio STAMFORD, CT 417,763417.8k $5.5m $5.5m 0.06% Reduced -56.3k -56,333
80 ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio UNITED KINGDOM, X0 415,874415.9k $5.5m $5.5m 0.01% Added +63.0k +62,974
81 Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio TOKYO, M0 413,420413.4k $5.5m $5.5m 0.01% Added +97.8k +97,806
82 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 354,487354.5k $4.7m $4.7m 0.01% Added +155.8k +155,767
83 Sumitomo Mitsui DS Asset Management Company, Ltd 0.05% of their portfolio TOKYO, M0 342,856342.9k $4.5m $4.5m 0.05% Added +2.5k +2,525
84 LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio LOS ANGELES, CA 324,794324.8k $4.3m $4.3m 0.02% New
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 321,983322.0k $4.3m $4.3m 0.01% Added +88.9k +88,895
86 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 321,509321.5k $4.2m $4.2m 0.01% New
87 GAM Holding AG 0.32% of their portfolio Zurich, V8 312,000312.0k $4.1m $4.1m 0.32% New
88 Yiheng Capital Management, L.P. 1.44% of their portfolio SAN FRANCISCO, CA 309,240309.2k $4.1m $4.1m 1.44% Reduced -1.9m -1,878,378
89 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 303,747303.7k $4.0m $4.0m 0.01% Added +12.9k +12,875
90 STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio LYSAKER, Q8 301,326301.3k $4.0m $4.0m 0.01% Added +90.5k +90,550
91 AVIVA PLC 0.01% of their portfolio LONDON, X0 287,531287.5k $3.8m $3.8m 0.01% Added +3.9k +3,931
92 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 272,598272.6k $3.6m $3.6m 0.00% Added +94.6k +94,646
93 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 271,940271.9k $3.6m $3.6m 0.00% Added +103.5k +103,502
94 Aberdeen Group plc 0.01% of their portfolio EDINBURGH, X0 267,305267.3k $3.5m $3.5m 0.01% Added +70.6k +70,624
95 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 266,111266.1k $3.5m $3.5m 0.01% Reduced -19.0k -19,000
96 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 265,159265.2k $3.5m $3.5m 0.00% Added +10.9k +10,867
97 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 261,624261.6k $3.5m $3.5m 0.00% Added +51.9k +51,871
98 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 251,681251.7k $3.3m $3.3m 0.00% New
99 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 246,827246.8k $3.3m $3.3m 0.01% Reduced -566.5k -566,471
100 DNCA FINANCE 0.27% of their portfolio PARIS, I0 245,875245.9k $3.2m $3.2m 0.27% Reduced -266.0k -266,000