TAL
TAL Education Group · Consumer Defensive · Education & Training Services
Momentum inputs (comparable managers):
holder breadth -23.5% ·
share flow -15.5% ·
net new positions -20.0%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 104 | +3 | 173.12M | $1.66B | +9 | −6 |
| Q1 2026 | 103 | +2 | 144.56M | $1.64B | +7 | −6 |
| Q4 2025 | 102 | -2 | 183.30M | $2.00B | +1 | −2 |
| Q3 2025 | 17 | +2 | 110.31M | $1.24B | +3 | −2 |
| Q2 2025 | 13 | -4 | 80.60M | $823.48M | — | −4 |
| Q1 2025 | 14 | +5 | 32.79M | $432.88M | +5 | — |
| Q4 2024 | 9 | -4 | 24.41M | $244.47M | — | −4 |
| Q3 2024 | 12 | -1 | 18.73M | $221.47M | +1 | −2 |
| Q2 2024 | 13 | — | 21.87M | $233.17M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Fidelity (FMR) ✦ | 23.55M | — | $240.65M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 2 | BlackRock ✦ (passive) | 21.73M | — | $222.06M | 0.0% | n/c | 1 | SEC ↗ ×18 |
| 3 | The Vanguard Group ✦ (passive) | 17.32M | — | $177.03M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 4 | State Street Global Advisors ✦ (passive) | 7.54M | +2.2% | $77.02M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 5 | Norges Bank ✦ (passive) | 4.02M | -44.6% | $41.13M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 6 | Geode Capital Management ✦ (passive) | 2.50M | -0.3% | $25.25M | 0.0% | ▼ Trim | 5 | SEC ↗ ×2 |
| 7 | Renaissance Technologies ✦ | 2.03M | -0.7% | $20.74M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 8 | D. E. Shaw & Co. ✦ | 1.39M | +41.8% | $14.21M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 9 | Citadel Advisors ✦ | 360.97K | +98.8% | $3.69M | 0.0% | ▲ Add | 5 | SEC ↗ ×2 |
| 10 | Arrowstreet Capital ✦ | 111.85K | -97.2% | $1.14M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 11 | Millennium Management ✦ | 21.20K | -99.2% | $216,654 | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 12 | T. Rowe Price ✦ | 19.97K | -35.0% | $205,000 | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 13 | AQR Capital Management ✦ | 13.55K | -30.7% | $138,485 | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Marshall Wace | $39.83M | was 0.1% |
| Two Sigma Investments | $28.33M | was 0.1% |
| Bridgewater Associates | $7.60M | was 0.0% |
| Wellington Management | $2.60M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 222 holders, 226.16M shares, $2.45B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.