ADTALEM GLOBAL ED INC CVSA
COM · Common Stock · CUSIP 00737L103 · ISIN US00737L1035
Illinois-based corporation that operates for-profit colleges
- IndustryServices-Educational Services
- HeadquartersChicago, IL
- Websitecovista.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.5m this quarter). Holder counts are more reliable. Shares outstanding: 34.0m as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $124.62. Options: 5 managers hold calls ($5.1m notional), 4 hold puts ($3.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 178 |
| Q4 2022 | 209 |
| Q1 2023 | 191 |
| Q2 2023 | 199 |
| Q3 2023 | 209 |
| Q4 2023 | 245 |
| Q1 2024 | 244 |
| Q2 2024 | 258 |
| Q3 2024 | 274 |
| Q4 2024 | 310 |
| Q1 2025 | 343 |
| Q2 2025 | 385 |
| Q3 2025 | 405 |
| Q4 2025 | 373 |
| Q1 2026 | 356 |
| Q2 2026 | 377 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 121 | 138 |
| Q4 2024 | 162 | 121 |
| Q1 2025 | 178 | 156 |
| Q2 2025 | 207 | 167 |
| Q3 2025 | 206 | 197 |
| Q4 2025 | 188 | 229 |
| Q1 2026 | 185 | 186 |
| Q2 2026 | 195 | 162 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $8.0m | $5.5m | 0.69 |
| Q4 2025 | $8.3m | $2.7m | 0.33 |
| Q1 2026 | $6.7m | $2.6m | 0.39 |
| Q2 2026 | $5.1m | $3.0m | 0.59 |
Biggest buyers
| FMR LLC | Added | +564.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +276.8k |
| BlackRock, Inc. | Added | +250.8k |
| LSV ASSET MANAGEMENT | Added | +105.4k |
| SG Americas Securities, LLC | Added | +91.1k |
| Boston Partners | Added | +89.2k |
| Qube Research & Technologies Ltd | Added | +84.0k |
| Foresight Group Ltd Liability Partnership | New | +77.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | New | +68.6k |
| MACKENZIE FINANCIAL CORP | Added | +64.4k |
Biggest sellers
| TWO SIGMA INVESTMENTS, LP | Reduced | -235.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -217.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -182.7k |
| ARIEL INVESTMENTS, LLC | Reduced | -159.4k |
| Pacer Advisors, Inc. | Reduced | -136.1k |
| Alyeska Investment Group, L.P. | Reduced | -128.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -110.8k |
| Man Group plc | Reduced | -103.2k |
| CITADEL ADVISORS LLC | Sold out | -88.1k |
| FIRST SABREPOINT CAPITAL MANAGEMENT LP | Sold out | -80.0k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $2.1m16.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.0m15.9k shares |
| JANE STREET GROUP, LLC | Reduced | $523.6k4.2k shares |
| IMC-Chicago, LLC | Reduced | $386.4k3.1k shares |
| SIMPLEX TRADING, LLC | Added | $87.3k700 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.2m9.3k shares |
| JANE STREET GROUP, LLC | New | $1.1m8.6k shares |
| CITADEL ADVISORS LLC | Reduced | $698.1k5.6k shares |
| SIMPLEX TRADING, LLC | New | $62.3k500 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-07-18 | 14.5% |
| FMR LLC 13G · institution +0.9 pts · filed 2026-09-08 | 10.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.1% |
| ARIEL INVESTMENTS, LLC 13G · institution +1.4 pts · filed 2026-02-13 | 5.2% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution +0.2 pts · filed 2026-04-09 | 5.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $361.6k | $361.6k |
| Q1 2025 | 1 | $87.2k | 2 | $1.5m | — |
| Q2 2025 | 0 | — | 2 | $421.2k | $127.2k |
| Q3 2025 | 0 | — | 2 | $7.7m | $128.1k |
| Q4 2025 | 2 | $141.8k | 0 | — | — |
| Q1 2026 | 1 | $3.8m | 0 | — | — |
| Q2 2026 | 0 | — | 4 | $5.5m | $5.5m |
| Q3 2026 | 0 | — | 4 | $3.7m | $3.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-27 | Gangadharan Manjunath VP, Chief Accounting Officer | Sold plan | $247.2k1.8k shares |
| 2026-08-11 | Beard, Stephen W. Chairman & CEO | Sold plan | $462.1k3.5k shares |
| 2026-08-07 | BECK DOUGLAS G. SVP, GC, Corp. Sec & ISS | Sold plan | $614.7k4.5k shares |
| 2026-08-07 | Phelan Robert J. Chief Financial Officer | Sold plan | $295.4k2.2k shares |
| 2026-07-13 | Beard, Stephen W. Chairman & CEO | Sold plan | $702.4k5.3k shares |
| 2026-07-08 | BECK DOUGLAS G. SVP, GC, Corp. Sec & ISS | Sold plan | $330.1k2.4k shares |
| 2026-07-08 | Phelan Robert J. Chief Financial Officer | Sold plan | $326.8k2.4k shares |
| 2026-07-07 | Phelan Robert J. Chief Financial Officer | Sold plan | $392.7k2.9k shares |
| 2026-07-07 | BECK DOUGLAS G. SVP, GC, Corp. Sec & ISS | Sold plan | $358.8k2.6k shares |
| 2026-06-11 | Beard, Stephen W. Chairman & CEO | Sold plan | $330.7k2.5k shares |
| 2026-06-10 | Beard, Stephen W. Chairman & CEO | Sold plan | $359.4k2.8k shares |
| 2026-05-08 | Beard, Stephen W. Chairman & CEO | Sold plan | $2.1m15.9k shares |
| 2026-05-08 | Phelan Robert J. Chief Financial Officer | Sold plan | $1.3m10.0k shares |
| 2026-05-08 | BECK DOUGLAS G. SVP, GC, Corp. Sec & ISS | Sold plan | $1.2m9.6k shares |
| 2026-05-08 | Cox Karen Sue President, Chamberlain Univ. | Sold plan | $249.0k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 5.5m $683.2m | Added +250.8k |
| FMR LLC 0.02% of their portfolio | 3.2m $401.2m | Added +564.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.4m $297.6m | Reduced -34.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.8m $222.2m | Added +9.2k |
| ARIEL INVESTMENTS, LLC 2.20% of their portfolio | 1.8m $220.9m | Reduced -159.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $183.7m | Reduced -16.6k |
| STATE STREET CORP 0.01% of their portfolio | 1.4m $173.2m | Added +40.1k |
| Capital World Investors 0.02% of their portfolio | 1.1m $132.6m | Added +34.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 894.3k $111.5m | Added +40.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 802.1k $100.0m | Reduced -14.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 767.9k $95.7m | Added +276.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 630.4k $78.6m | Reduced -110.8k |
| LSV ASSET MANAGEMENT 0.14% of their portfolio | 600.5k $74.9m | Added +105.4k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 567.3k $70.7m | Reduced -11.9k |
| Boston Partners 0.06% of their portfolio | 567.2k $71.2m | Added +89.2k |
| Alyeska Investment Group, L.P. 0.18% of their portfolio | 552.0k $68.8m | Reduced -128.2k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 505.8k $63.1m | Reduced -60.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 483.3k $60.2m | Reduced -17.0k |
| MORGAN STANLEY 0.00% of their portfolio | 473.0k $59.0m | Added +53.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 435.0k $54.2m | Added +20.7k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 3.01% of their portfolio | 353.0k $44.0m | Added +11.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.35% of their portfolio | 302.7k $37.7m | Reduced -78.5k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 272.0k $33.4m | Reduced -10.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 259.4k $32.3m | Reduced -235.1k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 244.2k $30.4m | Added +6.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 230.3k $28.7m | Added +625 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 211.7k $26.4m | Added +2.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 199.0k $23.5m | Reduced -33.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 193.7k $24.2m | Reduced -217.1k |
| Nuveen, LLC 0.01% of their portfolio | 192.0k $23.9m | Added +50.6k |
| SG Capital Management LLC 2.02% of their portfolio | 178.4k $22.2m | Reduced -19.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 176.3k $22.0m | Reduced -51.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 163.1k $20.3m | Reduced -182.7k |
| GW&K Investment Management, LLC 0.16% of their portfolio | 161.3k $20.1m | Added +28.1k |
| ALGERT GLOBAL LLC 0.23% of their portfolio | 155.0k $19.3m | Reduced -296 |
| Invesco Ltd. 0.00% of their portfolio | 147.3k $18.4m | Reduced -10.2k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 139.5k $17.4m | Reduced -6.3k |
| Corient Private Wealth LP 0.02% of their portfolio | 137.9k $17.2m | Added +1.9k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 127.6k $15.9m | Reduced -2.8k |
| WESTPORT ASSET MANAGEMENT INC 6.40% of their portfolio | 125.8k $15.7m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 108.4k $13.5m | Added +64.4k |
| Jupiter Topco LLC 0.01% of their portfolio | 108.3k $13.5m | First filing |
| SG Americas Securities, LLC 0.01% of their portfolio | 103.9k $13.0m | Added +91.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 102.3k $12.8m | Added +46.4k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 101.5k $12.6m | Added +84.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 85.4k $10.6m | Reduced -12.6k |
| Legal & General Group Plc 0.00% of their portfolio | 84.1k $10.5m | Reduced -1.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 80.7k $10.1m | Added +5.6k |
| LGT CAPITAL PARTNERS LTD. 0.51% of their portfolio | 80.5k $10.0m | Added +62.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 77.6k $9.7m | Reduced -4.8k |
| Foresight Group Ltd Liability Partnership 1.73% of their portfolio | 77.3k $9.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 77.0k $8.9m | Added +11.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 75.7k $9.4m | Added +7.6k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 69.8k $8.7m | Reduced -22.6k |
| Swiss National Bank 0.00% of their portfolio | 69.3k $8.6m | Added +200 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 68.6k $8.6m | New |
| UBS Group AG 0.00% of their portfolio | 68.4k $8.5m | Reduced -76.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 67.5k $8.4m | Added +1.4k |
| Hillsdale Investment Management Inc. 0.18% of their portfolio | 64.8k $8.1m | Added +6.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 64.6k $8.2m | Reduced -62.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 64.4k $8.0m | Added +23.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 62.4k $7.8m | Reduced -4.7k |
| RENAISSANCE GROUP LLC 0.31% of their portfolio | 61.0k $7.6m | Reduced -12.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 57.1k $7.1m | Reduced -35.4k |
| LONESTAR CAPITAL MANAGEMENT LLC 4.41% of their portfolio | 55.0k $6.9m | New |
| BESSEMER GROUP INC 0.01% of their portfolio | 53.9k $6.7m | Reduced -43 |
| Phocas Financial Corp. 0.88% of their portfolio | 50.9k $6.3m | Reduced -2.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 50.7k $6.3m | Reduced -8.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 49.4k $6.2m | Added +37.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 48.2k $6.0m | Added +4.8k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 47.4k $5.9m | Added +25.7k |
| KESTREL INVESTMENT MANAGEMENT CORP 3.21% of their portfolio | 47.3k $5.9m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 47.1k $5.9m | Reduced -2.1k |
| LEUTHOLD GROUP, LLC 0.57% of their portfolio | 45.1k $5.6m | Reduced -2.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 44.0k $5.5m | Added +4.5k |
| Vident Advisory, LLC 0.04% of their portfolio | 40.4k $5.0m | Added +4.4k |
| LGT Fund Management Co Ltd. 0.21% of their portfolio | 40.0k $5.0m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 39.9k $5.0m | Reduced -2.1k |
| Trexquant Investment LP 0.03% of their portfolio | 38.6k $4.8m | Reduced -40.9k |
| FARLEY CAPITAL L.P. 3.77% of their portfolio | 37.3k $4.6m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 37.1k $4.6m | Added +3.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 35.1k $4.4m | Added +1.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 34.4k $4.3m | Added +466 |
| INTECH INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 34.3k $4.3m | Added +4.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.07% of their portfolio | 32.0k $4.0m | Reduced -23.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 31.4k $3.9m | Added +1.2k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 30.7k $3.8m | Added +1.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 29.6k $3.7m | Added +23.0k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 28.6k $3.6m | Reduced -50.0k |
| Smith Group Asset Management, LLC 0.13% of their portfolio | 26.5k $3.3m | Added +110 |
| OP Asset Management Ltd 0.04% of their portfolio | 26.4k $3.3m | Added +10.1k |
| Jump Financial, LLC 0.03% of their portfolio | 25.8k $3.2m | Added +19.3k |
| Atom Investors LP 0.28% of their portfolio | 25.4k $3.2m | Added +3.6k |
| FORMULA GROWTH LTD 1.10% of their portfolio | 25.2k $3.1m | Reduced -108 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 24.6k $3.1m | Reduced -6.0k |
| BARCLAYS PLC 0.00% of their portfolio | 24.0k $3.0m | Added +4.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 23.3k $2.9m | Reduced -25.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 22.8k $2.8m | Reduced -217 |
| NewEdge Wealth, LLC 0.03% of their portfolio | 22.4k $2.8m | Added +4.2k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 22.3k $2.8m | Reduced -4.6k |