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 ($7.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.58. Options: 12 managers hold calls ($20.3m notional), 11 hold puts ($31.9m).
Trends to Q2 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 |
| Q2 2026 | 236 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 111 | 131 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $9.7m | $15.6m | 1.60 |
| Q4 2025 | $15.8m | $10.6m | 0.67 |
| Q1 2026 | $35.4m | $9.5m | 0.27 |
| Q2 2026 | $20.3m | $31.9m | 1.57 |
Biggest buyers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +20.7m |
| Point72 Asset Management, L.P. | Added | +4.9m |
| Robeco Institutional Asset Management B.V. | Added | +4.0m |
| JPMORGAN CHASE & CO | Added | +2.8m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +1.8m |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | Added | +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.6m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| JUPITER ASSET MANAGEMENT LTD | New | +912.4k |
| GOLDMAN SACHS GROUP INC | Added | +908.6k |
Biggest sellers
| BlackRock, Inc. | Reduced | -3.7m |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -2.9m |
| Greenwoods Asset Management Hong Kong Ltd. | Sold out | -2.4m |
| Krane Funds Advisors LLC | Reduced | -1.7m |
| FRANKLIN RESOURCES INC | Reduced | -1.1m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -1.1m |
| UBS Group AG | Reduced | -915.7k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -907.9k |
| VANGUARD FIDUCIARY TRUST CO | Reduced | -837.9k |
| Man Group plc | Reduced | -828.7k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $9.4m977.9k shares |
| UBS Group AG | Added | $3.8m396.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7m181.4k shares |
| JANE STREET GROUP, LLC | Added | $1.6m168.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m121.8k shares |
| IMC-Chicago, LLC | Reduced | $1.0m107.6k shares |
| CITADEL ADVISORS LLC | Reduced | $671.8k70.2k shares |
| HRT FINANCIAL LP | Added | $329.0k34.4k shares |
| Walleye Trading LLC | Reduced | $268.9k28.1k shares |
| Squarepoint Ops LLC | Unchanged | $137.8k14.4k shares |
Biggest puts
| Caption Management, LLC | New | $24.1m2.5m shares |
| JANE STREET GROUP, LLC | Added | $2.3m237.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7m174.4k shares |
| CITADEL ADVISORS LLC | Added | $920.6k96.2k shares |
| IMC-Chicago, LLC | Added | $768.5k80.3k shares |
| HRT FINANCIAL LP | Added | $688.0k71.9k shares |
| Walleye Trading LLC | Reduced | $606.7k63.4k shares |
| GROUP ONE TRADING LLC | Reduced | $269.9k28.2k shares |
| Capula Management Ltd | Unchanged | $252.6k26.4k shares |
| SIMPLEX TRADING, LLC | Added | $203.8k21.3k 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 since 1 Apr 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $868.8k | — |
| Q3 2026 | 0 | — | 1 | $368.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-03 | PENG ALEX ZHUANGZHUANG Officer · American Depositary Shares | Sold | $368.4k30.0k shares |
| 2026-04-27 | PENG ALEX ZHUANGZHUANG Officer · American Depositary Shares | Sold | $868.8k80.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 23.1m $221.4m | Reduced -3.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 20.7m $198.2m | Added +20.7m |
| Krane Funds Advisors LLC 5.88% of their portfolio | 17.3m $165.8m | Reduced -1.7m |
| Robeco Institutional Asset Management B.V. 0.17% of their portfolio | 14.7m $141.1m | Added +4.0m |
| MORGAN STANLEY 0.01% of their portfolio | 13.4m $128.2m | Added +451.3k |
| CoreView Capital Management Ltd 19.63% of their portfolio | 11.2m $107.4m | Added +223.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 10.0m $95.3m | Reduced -2.9m |
| Tiger Pacific Capital LP 34.98% of their portfolio | 8.0m $76.3m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 7.6m $72.8m | Added +211.1k |
| STATE STREET CORP 0.00% of their portfolio | 7.5m $72.0m | Reduced -177.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 6.7m $64.6m | Added +908.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.07% of their portfolio | 6.6m $62.8m | Reduced -907.9k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 6.6m $62.8m | Added +4.9m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 6.0m $57.8m | Reduced -260.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 5.2m $49.8m | Added +1.8m |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.20% of their portfolio | 4.9m $46.5m | Added +1.7m |
| SERENITY CAPITAL MANAGEMENT PTE. LTD. 13.65% of their portfolio | 4.7m $45.3m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.3m $40.5m | Added +1.6m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.43% of their portfolio | 4.1m $39.5m | Added +647.0k |
| NORGES BANK 0.00% of their portfolio | 4.1m $39.0m | Not comparable |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 3.5m $33.2m | Added +607.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.9m $27.1m | Added +2.8m |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 2.9m $27.3m | Reduced -148.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 2.7m $25.6m | Reduced -837.9k |
| E Fund Management Co., Ltd. 0.56% of their portfolio | 2.6m $25.1m | Added +484.9k |
| FMR LLC 0.00% of their portfolio | 2.4m $23.3m | Reduced -591.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 2.3m $22.1m | Reduced -568.0k |
| Legal & General Group Plc 0.00% of their portfolio | 2.3m $21.7m | Reduced -7.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.2m $21.0m | Added +1.2m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.1m $20.2m | Added +262.6k |
| Discerene Group LP 1.46% of their portfolio | 1.4m $13.0m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 1.3m $12.8m | Added +23.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 1.3m $12.1m | Reduced -71.4k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 1.2m $11.6m | Added +247.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.2m $11.2m | Reduced -15.9k |
| Amundi 0.00% of their portfolio | 1.2m $11.2m | Reduced -18.5k |
| Long Focus Capital Management, LLC 0.44% of their portfolio | 1.1m $10.7m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 1.1m $10.5m | Added +490.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 1.0m $11.9m | Added +63.3k |
| Harvest Fund Management Co., Ltd 0.31% of their portfolio | 974.5k $9.3m | Added +9.0k |
| JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio | 912.4k $8.7m | New |
| UBS Group AG 0.00% of their portfolio | 874.1k $8.4m | Reduced -915.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 835.7k $8.0m | Reduced -117.9k |
| Yiheng Capital Management, L.P. 3.20% of their portfolio | 759.2k $7.3m | Unchanged |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 758.2k $7.3m | Added +302.4k |
| Caption Management, LLC 0.25% of their portfolio | 750.7k $7.2m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 724.4k $6.9m | Added +96.6k |
| Nearwater Capital Markets, Ltd 0.12% of their portfolio | 700.0k $6.7m | Unchanged |
| Fideuram Asset Management (Ireland) dac 0.14% of their portfolio | 670.3k $7.1m | New |
| Swiss National Bank 0.00% of their portfolio | 646.3k $6.2m | Reduced -158.7k |
| Nuveen, LLC 0.00% of their portfolio | 633.6k $6.1m | Reduced -92.3k |
| PINEBRIDGE INVESTMENTS LLC 0.05% of their portfolio | 597.0k $5.7m | New |
| Beck Bode, LLC 0.85% of their portfolio | 587.2k $5.6m | Added +76.3k |
| CITIGROUP INC 0.00% of their portfolio | 580.2k $5.6m | Added +12.9k |
| California Public Employees Retirement System 0.00% of their portfolio | 539.4k $5.2m | Reduced -99.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 524.0k $5.0m | Added +12.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 524.0k $5.0m | Added +154.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 511.5k $4.9m | Reduced -62.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 501.0k $4.8m | Unchanged |
| Man Group plc 0.01% of their portfolio | 483.8k $4.6m | Reduced -828.7k |
| Korea Investment CORP 0.01% of their portfolio | 465.9k $4.5m | Added +171.3k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 450.0k $4.3m | Reduced -1.1m |
| SEI INVESTMENTS CO 0.00% of their portfolio | 444.6k $4.3m | Reduced -257.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 443.1k $4.2m | Reduced -8.1k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 427.5k $4.1m | Reduced -40.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 427.0k $4.1m | Added +333.2k |
| GF FUND MANAGEMENT CO. LTD. 0.05% of their portfolio | 423.7k $4.1m | Added +21.4k |
| KBC Group NV 0.01% of their portfolio | 417.8k $4.0m | Added +68.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 415.0k $4.0m | Unchanged |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 386.5k $3.7m | Reduced -180.5k |
| SEB Asset Management AB 0.01% of their portfolio | 382.9k $3.7m | Reduced -761.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 379.4k $3.6m | Reduced -116.1k |
| Invesco Ltd. 0.00% of their portfolio | 370.5k $3.5m | Reduced -49.4k |
| Aberdeen Group plc 0.00% of their portfolio | 358.6k $3.4m | Reduced -24.5k |
| Susquehanna Portfolio Strategies, LLC 0.05% of their portfolio | 322.0k $3.1m | Reduced -624.1k |
| Numerai GP LLC 0.24% of their portfolio | 303.8k $2.9m | Added +247.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 303.6k $2.9m | Added +110.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 302.9k $2.9m | Reduced -53.7k |
| Trexquant Investment LP 0.02% of their portfolio | 292.7k $2.8m | Reduced -255.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 292.3k $2.8m | Added +3.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 277.7k $2.7m | Reduced -26.9k |
| Northwest & Ethical Investments L.P. 0.06% of their portfolio | 261.3k $2.5m | Added +186.6k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 258.3k $2.5m | Added +104.9k |
| AVIVA PLC 0.00% of their portfolio | 255.8k $2.4m | Reduced -51.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 252.3k $2.4m | Added +172.6k |
| SG Americas Securities, LLC 0.00% of their portfolio | 250.9k $2.4m | Reduced -103.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 246.2k $2.4m | Reduced -39.1k |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 238.0k $2.3m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 231.5k $2.2m | Reduced -1.1m |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 231.2k $2.2m | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 223.2k $2.1m | Reduced -346.7k |
| Nykredit A/S 0.01% of their portfolio | 212.3k $2.0m | First filing |
| Quantinno Capital Management LP 0.00% of their portfolio | 195.3k $1.9m | Added +52.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 192.6k $1.8m | Reduced -12.8k |
| PensionDanmark Pensionsforsikringsaktieselskab 0.01% of their portfolio | 183.4k $1.8m | Added +14.9k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 171.8k $1.6m | Added +9.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 167.4k $1.6m | Added +26.5k |
| Swedbank AB 0.00% of their portfolio | 140.0k $1.3m | Unchanged |
| Taikang Asset Management (Hong Kong) Co Ltd 0.12% of their portfolio | 140.0k $1.3m | New |
| DANSKE BANK A/S 0.00% of their portfolio | 134.2k $1.3m | Added +6.8k |