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Why a Nearly $500 Million Bet on New Oriental Signals Conviction Amid a 13% Slide
The Motley Fool· 2026-01-02 02:13
A sharply concentrated fund leaned further into New Oriental even as sentiment cooled.Hong Kong-based First Beijing Investment added 2.23 million shares of New Oriental Education & Technology Group (EDU 1.10%), increasing its position by $112.15 million during the quarter ended September 30, according to an SEC filing published November 14.What HappenedFirst Beijing Investment Ltd disclosed in a recent SEC filing dated November 14, that it increased its stake in New Oriental Education & Technology Group (ED ...