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TAL Education Group
TAL

72 hedge funds and large institutions have $544M invested in TAL Education Group in 2013 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 27 increasing their positions, 11 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

219% more call options, than puts

Call options by funds: $2.93M | Put options by funds: $917K

145% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 11

47% more capital invested

Capital invested by funds: $370M → $544M (+$174M)

44% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 18

9% more funds holding

Funds holding: 66 → 72 (+6)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5.72% less ownership

Funds ownership: 224.25% → 218.53% (-5.7%)

Holders
72
Holders Change
+6
Holders Change %
+9.09%
% of All Funds
2.09%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
26
Increased
27
Reduced
11
Closed
18
Calls
$2.93M
Puts
$917K
Net Calls
+$2.01M
Net Calls Change
+$2.17M

Top Buyers

1
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$16.3M
2
Principal Financial Group
Principal Financial Group
Iowa
+$15.5M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$10.6M
4
BII
Baring International Investment
United Kingdom
+$9.08M
5
Goldman Sachs
Goldman Sachs
New York
+$8.88M

Top Sellers

1
Tiger Global Management
Tiger Global Management
New York
-$35.1M
2
PCM
Prime Capital Management
Hong Kong
-$20.2M
3
Fidelity International
Fidelity International
Bermuda
-$7.41M
4
Morgan Stanley
Morgan Stanley
New York
-$5.97M
5
HCM
Highbridge Capital Management
New York
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
1
Prime Capital Management
Hong Kong
$100M -$20.2M -6,558,000 -19%
Tiger Global Management
2
Tiger Global Management
New York
$69.3M -$35.1M -11,400,000 -38%
JC
3
Joho Capital
New York
$59.9M – – –
Morgan Stanley
4
Morgan Stanley
New York
$53.3M -$5.97M -1,939,704 -12%
Fidelity International
5
Fidelity International
Bermuda
$51.3M -$7.41M -2,406,600 -15%
UBS AM
6
UBS AM
Illinois
$34.4M +$7.3M +2,370,600 +34%
SM
7
SCGE Management
California
$26.3M +$364K +118,320 +2%
Grantham, Mayo, Van Otterloo & Co (GMO)
8
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$19.4M +$16.3M +5,302,278 New
Principal Financial Group
9
Principal Financial Group
Iowa
$18.5M +$15.5M +5,042,262 New
Acadian Asset Management
10
Acadian Asset Management
Massachusetts
$13.5M +$10.6M +3,437,580 +1,370%
Goldman Sachs
11
Goldman Sachs
New York
$13.1M +$8.88M +2,884,434 +421%
BII
12
Baring International Investment
United Kingdom
$10.8M +$9.08M +2,948,610 New
Renaissance Technologies
13
Renaissance Technologies
New York
$10.2M +$2.34M +759,900 +38%
OAM
14
Oxford Asset Management
United Kingdom
$5.79M +$2.81M +913,206 +137%
JC
15
Jetstream Capital
Tennessee
$4.95M +$4.16M +1,350,000 New
JP Morgan Chase
16
JP Morgan Chase
New York
$4.33M – – –
Two Sigma Investments
17
Two Sigma Investments
New York
$3.44M +$1.43M +465,768 +99%
Bank of America
18
Bank of America
North Carolina
$3.37M +$1.24M +402,090 +78%
OSAM
19
O'Shaughnessy Asset Management
Connecticut
$3.07M +$2.13M +690,378 +467%
Invesco
20
Invesco
Georgia
$2.87M -$26K -8,442 -1%
PNC Financial Services Group
21
PNC Financial Services Group
Pennsylvania
$2.62M +$1.01M +329,490 +86%
Wells Fargo
22
Wells Fargo
California
$2.38M +$523K +169,836 +36%
BIM
23
Bogle Investment Management
Massachusetts
$2.28M +$1.91M +621,210 New
GPCM
24
Granite Point Capital Management
Massachusetts
$2.2M +$1.85M +600,000 New
RFC
25
Russell Frank Company
Washington
$2.01M +$1.23M +398,988 +380%
1
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TAL Hedge Fund Activity: Q4 2013 in Review

72 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in TAL Education Group (TAL) for Q4 2013, worth a combined $544M — up 47% from $370M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new TAL positions and 18 closed out — a net gain of 8 holders — while 27 added to existing stakes and 11 trimmed.

The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), opening a new position worth an estimated $16.3M. The largest seller was Tiger Global Management, cutting an estimated $35.1M.

  • 72 institutional investors held TAL Education Group (TAL) as of Q4 2013, up from 66 in Q3 2013.
  • Funds reported $544M of TAL Education Group stock for Q4 2013, up 47% quarter-over-quarter.
  • 26 funds opened new TAL Education Group positions in Q4 2013 and 18 closed out, a net change of +8 holders.
  • The largest TAL Education Group buyer in Q4 2013 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $16.3M added.
  • The largest TAL Education Group seller in Q4 2013 was Tiger Global Management, an estimated $35.1M sold.

Based on aggregated 13F filings for Q4 2013.