The hedge fund sold 428,532 shares of EDU in Q1 2026, reducing its China education exposure while maintaining a large TAL position.
Tiger Pacific Capital liquidated its entire 428,532-share stake in New Oriental Education (NYSE:EDU) during the first quarter of 2026, according to an SEC filing dated May 15. The transaction was valued at approximately $24.48 million, based on the quarterly average closing price, with a net position change of $23.58 million.
The fund held no remaining shares of EDU at quarter-end, while its top holding, TAL Education (NYSE:TAL), remained at $90.71 million, representing 42.3% of assets under management. Other key positions included Coupang (NYSE:CPNG) at $35.97 million and Pinduoduo (NASDAQ:PDD) at $27.74 million.
EDU shares closed at $45.79 on Friday, underperforming the broader market with a 3% decline over the past year, compared to the S&P 500’s 28% gain.