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 ($8.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.36. Options: 12 managers hold calls ($35.4m notional), 9 hold puts ($9.5m).
Trends to Q1 2026
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 |
| Q3 2024 | 237 |
| Q4 2024 | 233 |
| Q1 2025 | 252 |
| Q2 2025 | 211 |
| Q3 2025 | 212 |
| Q4 2025 | 212 |
| Q1 2026 | 226 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 110 | 116 |
| Q3 2024 | 101 | 134 |
| Q4 2024 | 115 | 116 |
| Q1 2025 | 145 | 101 |
| Q2 2025 | 90 | 147 |
| Q3 2025 | 110 | 90 |
| Q4 2025 | 100 | 87 |
| Q1 2026 | 126 | 89 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $31.9m | $22.8m | 0.72 |
| Q3 2025 | $9.7m | $15.6m | 1.60 |
| Q4 2025 | $15.8m | $10.6m | 0.67 |
| Q1 2026 | $35.4m | $9.5m | 0.27 |
Biggest buyers
| Robeco Institutional Asset Management B.V. | Added | +9.9m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +4.2m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | New | +3.5m |
| Point72 Asset Management, L.P. | New | +1.7m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.5m |
| Man Group plc | Added | +1.1m |
| FRANKLIN RESOURCES INC | Added | +992.6k |
| Qube Research & Technologies Ltd | New | +963.0k |
| ALLIANCEBERNSTEIN L.P. | Added | +942.8k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -19.6m |
| FMR LLC | Reduced | -18.5m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.5m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -4.1m |
| Krane Funds Advisors LLC | Reduced | -2.3m |
| HSBC HOLDINGS PLC | Reduced | -2.0m |
| JPMORGAN CHASE & CO | Reduced | -1.4m |
| CITIGROUP INC | Reduced | -992.1k |
| TWO SIGMA ADVISERS, LP | Sold out | -931.3k |
| MORGAN STANLEY | Reduced | -691.7k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $13.0m1.1m shares |
| Caption Management, LLC | New | $10.8m950.0k shares |
| UBS Group AG | Added | $3.4m301.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.7m241.8k shares |
| IMC-Chicago, LLC | Reduced | $2.1m185.7k shares |
| JANE STREET GROUP, LLC | Added | $1.2m108.4k shares |
| CITADEL ADVISORS LLC | Reduced | $986.9k86.8k shares |
| Walleye Trading LLC | Added | $365.0k32.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $238.8k21.0k shares |
| HRT FINANCIAL LP | New | $196.0k17.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.8m243.9k shares |
| JANE STREET GROUP, LLC | Reduced | $2.6m231.6k shares |
| Walleye Trading LLC | Added | $889.1k78.2k shares |
| GROUP ONE TRADING LLC | Reduced | $734.5k64.6k shares |
| CITADEL ADVISORS LLC | Added | $675.4k59.4k shares |
| HRT FINANCIAL LP | Added | $633.0k55.7k shares |
| IMC-Chicago, LLC | Reduced | $584.4k51.4k shares |
| Capula Management Ltd | Not comparable | $300.2k26.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $235.4k20.7k 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 2026
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 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 26.8m $305.1m | Reduced -468.1k |
| Krane Funds Advisors LLC 8.80% of their portfolio | 19.0m $214.3m | Reduced -2.3m |
| MORGAN STANLEY 0.01% of their portfolio | 12.9m $147.2m | Reduced -691.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 12.9m $146.6m | First filing |
| CoreView Capital Management Ltd 26.45% of their portfolio | 11.0m $125.0m | Unchanged |
| Robeco Institutional Asset Management B.V. 0.17% of their portfolio | 10.8m $122.2m | Added +9.9m |
| Tiger Pacific Capital LP 42.30% of their portfolio | 8.0m $90.7m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 7.7m $87.6m | Reduced -113.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.12% of their portfolio | 7.5m $84.9m | Added +4.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 7.4m $84.1m | Added +1.5m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 6.3m $71.6m | Reduced -4.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 5.8m $66.4m | Added +8.9k |
| SERENITY CAPITAL MANAGEMENT PTE. LTD. 12.98% of their portfolio | 4.7m $53.8m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 3.5m $39.9m | First filing |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.49% of their portfolio | 3.5m $39.5m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 3.4m $39.0m | Added +1.6m |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.23% of their portfolio | 3.2m $36.3m | First filing |
| FMR LLC 0.00% of their portfolio | 3.0m $34.4m | Reduced -18.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 3.0m $34.2m | Added +617.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio | 2.9m $32.7m | Reduced -233.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 2.9m $32.5m | Reduced -2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.7m $30.1m | Reduced -771 |
| Greenwoods Asset Management Hong Kong Ltd. 0.72% of their portfolio | 2.4m $27.8m | Reduced -148.4k |
| Legal & General Group Plc 0.01% of their portfolio | 2.3m $25.9m | Added +35.6k |
| E Fund Management Co., Ltd. 0.72% of their portfolio | 2.1m $24.3m | First filing |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $21.1m | Reduced -21.2k |
| UBS Group AG 0.00% of their portfolio | 1.8m $20.3m | Added +512.7k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 1.7m $18.9m | New |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 1.5m $17.1m | Reduced -161.9k |
| Discerene Group LP 1.78% of their portfolio | 1.4m $15.4m | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 1.3m $15.2m | First filing |
| BARCLAYS PLC 0.01% of their portfolio | 1.3m $15.0m | Added +224.8k |
| Man Group plc 0.03% of their portfolio | 1.3m $14.9m | Added +1.1m |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.3m $14.8m | Added +992.6k |
| Amundi 0.00% of their portfolio | 1.2m $13.5m | Added +137.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.2m $13.5m | Added +258.3k |
| SEB Asset Management AB 0.06% of their portfolio | 1.1m $13.0m | First filing |
| Long Focus Capital Management, LLC 0.56% of their portfolio | 1.1m $12.7m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.0m $11.8m | Added +78.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 981.9k $10.7m | Added +942.8k |
| Harvest Fund Management Co., Ltd 0.47% of their portfolio | 965.6k $11.0m | Reduced -71.5k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 963.0k $10.9m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 953.6k $10.8m | Added +30.2k |
| Susquehanna Portfolio Strategies, LLC 0.16% of their portfolio | 946.1k $10.8m | Added +217.2k |
| Swiss National Bank 0.01% of their portfolio | 805.0k $9.2m | Reduced -105.5k |
| Yiheng Capital Management, L.P. 3.74% of their portfolio | 759.2k $8.6m | Added +450.0k |
| KADENSA CAPITAL Ltd 1.18% of their portfolio | 743.0k $8.4m | New |
| Nuveen, LLC 0.00% of their portfolio | 725.8k $8.3m | Reduced -26.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 701.6k $8.0m | Added +532.7k |
| Nearwater Capital Markets, Ltd 0.19% of their portfolio | 700.0k $8.0m | Unchanged |
| California Public Employees Retirement System 0.00% of their portfolio | 638.9k $7.3m | Reduced -33.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 627.8k $6.9m | Added +473.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 605.7k $6.9m | Added +171.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 600.0k $6.8m | Reduced -4.1m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 574.3k $6.5m | Reduced -40.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 569.9k $6.5m | New |
| CITIGROUP INC 0.00% of their portfolio | 567.3k $6.5m | Reduced -992.1k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 567.0k $6.4m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 564.0k $6.4m | Added +329.3k |
| Trexquant Investment LP 0.05% of their portfolio | 548.3k $6.2m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 511.2k $5.8m | Added +130.1k |
| Beck Bode, LLC 0.98% of their portfolio | 510.9k $5.8m | Reduced -11.3k |
| Shay Capital LLC 0.82% of their portfolio | 508.5k $5.8m | Reduced -1.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 501.0k $5.7m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 495.5k $5.6m | Reduced -1.7k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 467.9k $5.3m | Reduced -69.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 455.8k $5.1m | New |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 451.2k $5.1m | Added +3.2k |
| Walleye Trading LLC 0.10% of their portfolio | 427.7k $4.9m | Added +402.6k |
| Invesco Ltd. 0.00% of their portfolio | 419.9k $4.8m | Reduced -15.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 415.0k $4.7m | Unchanged |
| GF FUND MANAGEMENT CO. LTD. 0.08% of their portfolio | 402.3k $4.6m | Added +22.0k |
| Aberdeen Group plc 0.01% of their portfolio | 383.2k $4.4m | Added +31.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 369.1k $4.2m | Added +213.1k |
| Pinpoint Asset Management (Singapore) Pte. Ltd. 0.96% of their portfolio | 359.2k $4.1m | Added +284.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 356.6k $4.1m | Added +3.4k |
| SG Americas Securities, LLC 0.00% of their portfolio | 354.3k $4.0m | Added +118.5k |
| KBC Group NV 0.01% of their portfolio | 348.9k $4.0m | Added +172.3k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 344.5k $3.9m | New |
| AVIVA PLC 0.01% of their portfolio | 307.4k $3.5m | Added +7.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 304.5k $3.5m | Added +106.7k |
| Korea Investment CORP 0.01% of their portfolio | 294.6k $3.3m | Added +4.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 289.3k $3.3m | Added +53.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 285.3k $3.2m | Reduced -16.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 234.2k $2.7m | New |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 213.5k $2.4m | Reduced -1.7k |
| PRUDENTIAL PLC 0.02% of their portfolio | 208.0k $2.4m | Added +112.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 205.5k $2.3m | Reduced -53.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 193.2k $2.2m | Added +62.3k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 184.9k $2.1m | Reduced -254.9k |
| PensionDanmark Pensionsforsikringsaktieselskab 0.02% of their portfolio | 168.5k $1.9m | Added +39.9k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 162.7k $1.9m | New |
| E Fund Management (Hong Kong) Co., Ltd. 0.84% of their portfolio | 162.6k $1.8m | Reduced -5.0k |
| FengHe Fund Management Pte. Ltd. 0.25% of their portfolio | 161.9k $1.8m | Reduced -637.3k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio | 161.0k $1.8m | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 153.3k $1.7m | Reduced -153.8k |
| KLP KAPITALFORVALTNING AS 0.01% of their portfolio | 153.2k $1.7m | Added +19.9k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 147.2k $1.7m | Unchanged |
| Quantinno Capital Management LP 0.00% of their portfolio | 142.5k $1.6m | Added +56.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 140.9k $1.6m | Reduced -35.9k |