The fund reduced its EDU holdings, trimming the position’s value by $45 million amid a 3% annual decline in shares.
Cederberg Capital sold 826,670 shares of New Oriental Education (EDU) in the first quarter of 2026, reducing its position by approximately $45 million, according to an SEC filing. The move reflects both trading activity and stock price fluctuations during the period.
New Oriental reported $1.4 billion in revenue, but EDU shares underperformed the broader market, falling 3% over the past year. The S&P 500, by comparison, rose about 28% in the same period. The stock closed at $45.79 on May 15, 2026.
Cederberg’s top holdings after the quarter included NTES ($40.26 million), PDD ($39.15 million), and ATAT ($33.15 million), with EDU no longer among its largest positions.