Strategic Education, Inc.: which funds bought and sold

Institutions that bought and sold Strategic Education shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 144 institutions that filed 13F reports for both quarters added to or opened positions in Strategic Education, and 141 cut or closed them. Together they added a net 62K shares, +0.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 271K shares (+6.4%); index fund managers were net buyers of 119K shares (+1.4%). 38 opened a new position and 35 sold out entirely.

Bought, Q2 2026 144 institutions, 38 of them new holders Sold, Q2 2026 141 institutions, 35 of them sold out

Net change, all compared +62K shares (+0.3%)

Net change, active managers +271K shares (+6.4%), 29 bought, 22 sold

Buyers versus sellers

institutions compared, 318

144 bought 33 141 sold

Active managers and hedge funds 29 bought · 22 sold · +271K

Index fund managers 5 bought · 5 sold · +119K

Other institutions 110 bought · 114 sold · −328K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
LSV Asset Management Active manager	+467K +580.2%	548K	$42M
Morgan Stanley	+281K +90.3%	592K	$45.3M
Bastion Asset Management Inc.	+114K +396.9%	142K	$10.5M
AQR Capital Management LLC Hedge fund	+111K +47.8%	344K	$26.3M
Bridgeway Capital Management, LLC Active manager	+106K +424.1%	131K	$10.1M
Blackrock, Inc. Index funds	+99K +2.7%	3.8M	$291M
Ruffer LLP Active manager	+74K New position	74K	$5.7M
Lightrock Netherlands B.V.	+70K +49.7%	210K	$16.1M
Algert Global LLC Hedge fund	+58K +26.6%	275K	$21.1M
Public Sector Pension Investment Board	+56K +30.6%	238K	$18.2M
Empowered Funds, LLC	+52K +189.5%	80K	$6.1M
Barclays PLC	+52K +41.8%	176K	$13.5M
Prudential Financial Inc	+51K +128.5%	91K	$7M
Balyasny Asset Management L.P. Hedge fund	+44K New position	44K	$3.3M
Vanguard Portfolio Management LLC Index funds	+41K +2.9%	1.5M	$112M
State Street Corp Index funds	+33K +3.8%	910K	$69.7M
Tudor Investment Corp Et Al Hedge fund	+32K +78.9%	72K	$5.5M
Numerai Gp LLC	+30K New position	30K	$2.3M
Segall Bryant & Hamill, LLC Active manager	+29K +194.8%	44K	$3.4M
Cresset Asset Management, LLC	+28K New position	28K	$2.2M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
LSV Asset Management Active manager	+467K +580.2%	548K	$42M
AQR Capital Management LLC Hedge fund	+111K +47.8%	344K	$26.3M
Bridgeway Capital Management, LLC Active manager	+106K +424.1%	131K	$10.1M
Ruffer LLP Active manager	+74K New position	74K	$5.7M
Algert Global LLC Hedge fund	+58K +26.6%	275K	$21.1M
Balyasny Asset Management L.P. Hedge fund	+44K New position	44K	$3.3M
Tudor Investment Corp Et Al Hedge fund	+32K +78.9%	72K	$5.5M
Segall Bryant & Hamill, LLC Active manager	+29K +194.8%	44K	$3.4M
Royce & Associates LP Active manager	+27K +498.3%	33K	$2.5M
Martingale Asset Management L P Active manager	+23K +164.6%	37K	$2.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Goldman Sachs Group Inc	−305K −65.4%	161K	$12.3M
Marshfield Associates	−234K −29.5%	559K	$42.8M
T. Rowe Price Investment Management, Inc. Active manager	−216K −26.7%	593K	$45.4M
Bank Of Montreal	−151K −10.7%	1.3M	$96.3M
Exoduspoint Capital Management, LP Hedge fund	−122K Sold out	0	—
Marshall Wace, LLP Hedge fund	−108K −76.8%	33K	$2.5M
Jane Street Group, LLC	−89K Sold out	0	—
FMR LLC Active manager	−80K −97.2%	2,350	$180,022
SG Americas Securities, LLC	−78K −77.6%	22K	$1.7M
Royal Bank Of Canada	−75K −28.0%	193K	$14.8M
Ellsworth Advisors, LLC	−73K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−62K −17.6%	293K	$22.4M
Renaissance Technologies LLC Hedge fund	−59K −53.9%	50K	$3.9M
Citadel Advisors LLC Hedge fund	−54K −42.8%	73K	$5.6M
UBS Group AG	−47K −49.2%	48K	$3.7M
Van Lanschot Kempen Investment Management N.V.	−42K −14.0%	255K	$19.6M
Vanguard Capital Management LLC Index funds	−34K −3.5%	945K	$72.4M
Envestnet Asset Management Inc	−28K −16.9%	136K	$10.4M
Nuveen, LLC	−26K −6.7%	357K	$27.4M
Qube Research & Technologies Ltd Hedge fund	−25K −5.6%	413K	$31.7M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
T. Rowe Price Investment Management, Inc. Active manager	−216K −26.7%	593K	$45.4M
Exoduspoint Capital Management, LP Hedge fund	−122K Sold out	0	—
Marshall Wace, LLP Hedge fund	−108K −76.8%	33K	$2.5M
FMR LLC Active manager	−80K −97.2%	2,350	$180,022
Two Sigma Investments, LP Hedge fund	−62K −17.6%	293K	$22.4M
Renaissance Technologies LLC Hedge fund	−59K −53.9%	50K	$3.9M
Citadel Advisors LLC Hedge fund	−54K −42.8%	73K	$5.6M
Qube Research & Technologies Ltd Hedge fund	−25K −5.6%	413K	$31.7M
Lazard Asset Management LLC Active manager	−24K Sold out	0	—
Voloridge Investment Management, LLC Hedge fund	−13K −28.3%	33K	$2.5M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Ruffer LLPActive manager	74K	$5.7M
Balyasny Asset Management L.P.Hedge fund	44K	$3.3M
Numerai Gp LLC	30K	$2.3M
Cresset Asset Management, LLC	28K	$2.2M
Point Nemo Capital, LLC	17K	$1.3M
Nomura Asset Management International Inc.	13K	$1M
Sanctuary Advisors, LLC	13K	$1M
North Star Investment Management Corp.	12K	$919,440
Atom Investors LP	10K	$797,461
Raymond James Financial Inc	8,263	$633,134

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Exoduspoint Capital Management, LPHedge fund	122K	$10.2M
Jane Street Group, LLC	89K	$7.4M
Ellsworth Advisors, LLC	73K	$6M
Lazard Asset Management LLCActive manager	24K	$2M
Walleye Capital LLCHedge fund	10K	$865,107
Magnetar Financial LLCHedge fund	10K	$843,123
Integrated Quantitative Investments LLC	9,633	$799,154
Campbell & Co Investment Adviser LLC	8,942	$741,828
Mackenzie Financial Corp	6,151	$510,287
Varcov Co.	5,473	$454,040

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 288
Ten largest holders: 55.3%
Index fund managers: 38.7%
Active managers and hedge funds: 20.4%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	29	22	3	4	+271K	+6.4%
Index fund managers	5	5	0	0	+119K	+1.4%
Other institutions	110	114	35	31	−328K	−3.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Strategic Education.

Only managers that filed a holdings report for both quarters are compared (318 here). 12 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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