TAL Education Group - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US8740801043

SecurityTAL / TAL Education Group - Depositary Receipt (Common Stock)
InstitutionShell Asset Management Co
Latest Disclosed Ownership16,432 shares
Latest Disclosed Value $ 184
Shell Asset Management Co reports 4.68% increase in ownership of TAL / TAL Education Group - Depositary Receipt (Common Stock)

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 16,432 shares of TAL Education Group - Depositary Receipt (Common Stock) (US:TAL) valued at $184,038 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 15,698 shares of TAL Education Group - Depositary Receipt (Common Stock). The current value of the position is $159,883 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-07 2025-09-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 16,432 734 4.68 0 0.0185
2025-07-23 2025-06-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 15,698 704 4.70 0 0.0055
2025-05-14 2025-03-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 14,994 581 4.03 0 0.0094
2025-02-14 2024-12-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 14,413 354 2.52 0 0.0063
2024-11-07 2024-09-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 14,059 -300 -2.09 0 0.0073
2024-07-25 2024-03-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 14,359 10,704 292.86 0 0.0070
2024-02-14 2023-12-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 3,655 396 12.15 0 0.0021
2023-11-08 2023-09-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 3,259 -24,588 -88.30 0 0.0012
2023-07-28 2023-06-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 27,847 -5,040 -15.33 0 0.0065
2023-05-15 2023-03-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 32,887 -28,913 -46.78 0 0.0088
2023-02-07 2022-12-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 61,800 -8,100 -11.59 0 -100.00 0.0191
2022-11-14 2022-09-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 69,900 -74,299 -51.53 345 -50.85 0.0134
2022-08-09 2022-06-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 144,199 13,000 9.91 702 77.72 0.0208
2022-05-04 2022-03-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 131,199 79,400 153.28 395 93.63 0.0093
2022-02-09 2021-12-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 51,799 -3,226 -5.86 204 -23.31 0.0042
2021-11-04 2021-09-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 55,025 -66,583 -54.75 266 -91.33 0.0060
2021-08-12 2021-06-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 121,608 -16,100 -11.69 3,068 -58.63 0.0595
2021-05-10 2021-03-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 137,708 -15,350 -10.03 7,416 -32.24 0.1484
2021-02-16 2020-12-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 153,058 -1,382 -0.89 10,945 -6.80 0.2260
2020-11-13 2020-09-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 154,440 4,893 3.27 11,744 14.84 0.2730
2020-08-10 2020-06-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 149,547 54,739 57.74 10,226 102.54 0.2553
2020-05-11 2020-03-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 94,808 2,100 2.27 5,049 12.98 0.1407
2020-02-13 2019-12-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 92,708 5,220 5.97 4,469 49.17 0.0963
2019-11-12 2019-09-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 87,488 12,159 16.14 2,996 4.39 0.0684
2019-08-12 2019-06-30 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 75,329 -6,998 -8.50 2,870 -3.37 0.0635
2019-05-09 2019-03-31 13F TAL EDUCATION GROUP SPONSORED ADS 874080104 82,327 -3,832 -4.45 2,970 29.19 0.0655
2019-02-13 2018-12-31 13F TAL ED GROUP SPONSORED ADS 874080104 86,159 4,550 5.58 2,299 9.58 0.0573
2018-11-13 2018-09-30 13F TAL ED GROUP SPONSORED ADS 874080104 81,609 3,397 4.34 2,098 -27.10 0.0414
2018-08-10 2018-06-30 13F TAL ED GROUP SPONSORED ADS 874080104 78,212 -13,106 -14.35 2,878 -15.03 0.0590
2018-05-14 2018-03-31 13F TAL ED GROUP SPONSORED ADS 874080104 91,318 1,300 1.44 3,387 26.66 0.0674
2018-02-09 2017-12-31 13F TAL ED GROUP SPONSORED ADS 874080104 90,018 -134,900 -59.98 2,674 -64.73 0.0531
2017-10-20 2017-09-30 13F/A-1 TAL ED GROUP SPONSORED ADS 874080104 224,918 184,515 456.69 7,582 53.42 0.1686
2017-07-26 2017-06-30 13F TAL ED GROUP ADS REPSTG COM 874080104 40,403 -11,619 -22.33 4,942 -10.86 0.1226
2017-04-26 2017-03-31 13F TAL ED GROUP ADS REPSTG COM 874080104 52,022 4,426 9.30 5,544 66.04 0.1415
2017-01-10 2016-12-31 13F TAL ED GROUP ADS REPSTG COM 874080104 47,596 -12,389 -20.65 3,339 -21.42 0.0903
2016-10-28 2016-09-30 13F TAL ED GROUP ADS REPSTG COM 874080104 59,985 -6,574 -9.88 4,249 2.86 0.1017
2016-07-25 2016-06-30 13F TAL ED GROUP ADS REPSTG COM 874080104 66,559 5,667 9.31 4,131 36.56 0.0958
2016-05-11 2016-03-31 13F TAL ED GROUP ADS REPSTG COM 874080104 60,892 -8,898 -12.75 3,025 -6.72 0.0724
2016-02-05 2015-12-31 13F TAL ED GROUP ADS REPSTG COM 874080104 69,790 3,775 5.72 3,243 -14.34 0.0766
2014-02-03 2013-12-31 13F/A-1 TAL INTL GROUP COM 874083108 66,015 10,636 19.21 3,786 46.29 0.0644
2014-01-27 2013-12-31 13F TAL INTL GROUP COM 874083108 66,015 3,786
2013-10-28 2013-09-30 13F TAL INTL GROUP COM 874083108 55,379 0 0.00 2,588 7.25 0.0475
2013-08-01 2013-06-30 13F TAL INTL GROUP COM 874083108 55,379 55,379 2,413 0.0459
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.