IvyRock Asset Management: Charles Huang’s Top 5 Stock Picks

In this article, we discuss the top 5 stock picks of Charles Huang’s IvyRock Asset Management. If you want our detailed analysis of these stocks, go directly to IvyRock Asset Management: Charles Huang’s Top 10 Stock Picks. 

5. New Oriental Education & Technology Group Inc. (NYSE:EDU)

IvyRock Asset Management’s Stake Value: $11,027,000

Percentage of IvyRock Asset Management’s 13F Portfolio: 10.44%

Number of Hedge Fund Holders: 39

New Oriental Education & Technology Group Inc. (NYSE:EDU) is a leading Chinese provider of private educational services from Beijing. New Oriental Education & Technology Group Inc. (NYSE:EDU) is engaged in tutoring pre-school children, specializing in online teaching, publishing textbooks, and overseas educational consultancy. 

Huang, via IvyRock Asset Management, owns 5.37 million shares in New Oriental Education & Technology Group Inc. (NYSE:EDU), worth $11.02 million, representing 10.44% of the firm’s investment portfolio as of June this year. 

At the end of the second quarter of 2021, 39 hedge funds tracked by the exclusive database of Insider Monkey reported owning stakes in New Oriental Education & Technology Group Inc. (NYSE:EDU), down from 45 in the preceding quarter. 

Here is what Mawer Investment Management has to say about New Oriental Education & Technology Group Inc. (NYSE:EDU) in its Q2 2021 investor letter:

“By contrast, areas of weakness highlighted the unevenness of the global recovery and the ongoing impact COVID-19 is having on business models. We are also noticing weakness in companies where the potential for a change in regulations could impact the industry in which they operate. After school tutoring service New Oriental Education and Technology Group are (one of the) two companies that exhibited weakness this quarter given the potential for increased regulation impacting their business models.”