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TAL Education Group

85 hedge funds and large institutions have $571M invested in TAL Education Group in 2014 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 25 increasing their positions, 32 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 10

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

22% more call options, than puts

Call options by funds: $2.6M | Put options by funds: $2.13M

18% more funds holding

Funds holding: 7285 (+13)

4.99% more ownership

Funds ownership: 218.53%223.52% (+5%)

5% more capital invested

Capital invested by funds: $544M → $571M (+$26.3M)

22% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 32

Holders
85
Holders Change
+13
Holders Change %
+18.06%
% of All Funds
2.46%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.12%
New
24
Increased
25
Reduced
32
Closed
10
Calls
$2.6M
Puts
$2.13M
Net Calls
+$470K
Net Calls Change
-$1.54M
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
1
Prime Capital Management
Hong Kong
$94.4M -$8.59M -2,172,450 -8%
Morgan Stanley
2
Morgan Stanley
New York
$78.1M +$24.7M +6,256,560 +43%
UBS AM
3
UBS AM
Illinois
$67.2M +$33.7M +8,522,400 +91%
JC
4
Joho Capital
New York
$58.6M -$2.86M -723,780 -4%
Principal Financial Group
5
Principal Financial Group
Iowa
$46.8M +$29.4M +7,430,898 +147%
Fidelity International
6
Fidelity International
Bermuda
$33M -$20.6M -5,211,552 -37%
SM
7
SCGE Management
California
$31.2M +$4.45M +1,124,904 +16%
Acadian Asset Management
8
Acadian Asset Management
Massachusetts
$29.7M +$16.7M +4,234,248 +115%
Renaissance Technologies
9
Renaissance Technologies
New York
$14.9M +$4.65M +1,176,630 +42%
Goldman Sachs
10
Goldman Sachs
New York
$14.8M +$1.53M +385,998 +11%
Grantham, Mayo, Van Otterloo & Co (GMO)
11
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$12.8M -$7.44M -1,881,606 -35%
VP
12
Value Partners
Hong Kong
$8.47M +$8.92M +2,256,012 New
Stifel Financial
13
Stifel Financial
Missouri
$7.72M +$8.13M +2,057,010 New
BIM
14
Bogle Investment Management
Massachusetts
$6.19M +$4.06M +1,027,854 +165%
TAA
15
TB Alternative Assets
Cayman Islands
$5.76M +$5.83M +1,474,242 +2,457%
PRCM
16
Pine River Capital Management
Minnesota
$5.08M +$5.06M +1,280,700 +1,779%
JP Morgan Chase
17
JP Morgan Chase
New York
$4.89M +$474K +120,000 +10%
Deutsche Bank
18
Deutsche Bank
Germany
$4.33M +$4.56M +1,154,526 New
OSAM
19
O'Shaughnessy Asset Management
Connecticut
$3.34M +$212K +53,664 +6%
State of Wisconsin Investment Board
20
State of Wisconsin Investment Board
Wisconsin
$2.87M +$1.56M +395,580 +107%
Invesco
21
Invesco
Georgia
$2.84M -$105K -26,532 -3%
Millennium Management
22
Millennium Management
New York
$2.74M +$819K +207,198 +40%
Two Sigma Investments
23
Two Sigma Investments
New York
$2.07M -$1.53M -387,270 -41%
PNC Financial Services Group
24
PNC Financial Services Group
Pennsylvania
$2.03M -$680K -171,936 -24%
State of New Jersey Common Pension Fund D
25
State of New Jersey Common Pension Fund D
New Jersey
$1.74M +$1.83M +463,146 New

TAL Hedge Fund Activity: Q1 2014 in Review

85 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in TAL Education Group (TAL) for Q1 2014, worth a combined $571M — up 4.8% from $544M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new TAL positions and 10 closed out — a net gain of 14 holders — while 25 added to existing stakes and 32 trimmed.

The largest buyer was UBS AM, adding an estimated $33.7M. The largest seller was Tiger Global Management, exiting entirely with an estimated $69.3M sold.

  • 85 institutional investors held TAL Education Group (TAL) as of Q1 2014, up from 72 in Q4 2013.
  • Funds reported $571M of TAL Education Group stock for Q1 2014, up 4.8% quarter-over-quarter.
  • 24 funds opened new TAL Education Group positions in Q1 2014 and 10 closed out, a net change of +14 holders.
  • The largest TAL Education Group buyer in Q1 2014 was UBS AM, an estimated $33.7M added.
  • The largest TAL Education Group seller in Q1 2014 was Tiger Global Management, an estimated $69.3M sold.

Based on aggregated 13F filings for Q1 2014.