GRAND CANYON ED INC LOPE
COM · Common Stock · CUSIP 38526M106 · ISIN US38526M1062
American educational company
* 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 ($24.2m this quarter). Holder counts are more reliable. Shares outstanding: 26.5m as of 2026-04-28, 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 ≈ $170.02. Options: 4 managers hold calls ($2.8m notional), 6 hold puts ($18.9m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 284 |
| Q4 2022 | 331 |
| Q1 2023 | 339 |
| Q2 2023 | 342 |
| Q3 2023 | 329 |
| Q4 2023 | 386 |
| Q1 2024 | 371 |
| Q2 2024 | 393 |
| Q3 2024 | 398 |
| Q4 2024 | 418 |
| Q1 2025 | 457 |
| Q2 2025 | 474 |
| Q3 2025 | 489 |
| Q4 2025 | 485 |
| Q1 2026 | 473 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 194 | 178 |
| Q3 2024 | 167 | 202 |
| Q4 2024 | 156 | 220 |
| Q1 2025 | 235 | 186 |
| Q2 2025 | 221 | 238 |
| Q3 2025 | 215 | 255 |
| Q4 2025 | 226 | 262 |
| Q1 2026 | 220 | 247 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $30.7m | $18.4m | 0.60 |
| Q3 2025 | $22.2m | $4.6m | 0.21 |
| Q4 2025 | $6.6m | $2.9m | 0.45 |
| Q1 2026 | $2.8m | $18.9m | 6.64 |
Biggest buyers
| FMR LLC | Added | +881.7k |
| Van Berkom & Associates Inc. | Added | +557.7k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Added | +526.6k |
| REINHART PARTNERS, LLC. | Added | +126.1k |
| Gotham Asset Management, LLC | Added | +98.3k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | Added | +95.5k |
| MORGAN STANLEY | Added | +80.3k |
| Quantinno Capital Management LP | Added | +70.0k |
| Caisse de depot et placement du Quebec | Added | +47.9k |
| CITADEL ADVISORS LLC | Added | +46.4k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -218.2k |
| Capital Research Global Investors | Reduced | -202.4k |
| Allianz Asset Management GmbH | Reduced | -195.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -191.8k |
| WASATCH ADVISORS LP | Reduced | -167.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -156.4k |
| UBS Group AG | Reduced | -142.7k |
| RIVERBRIDGE PARTNERS LLC | Reduced | -136.5k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -130.0k |
| Robeco Institutional Asset Management B.V. | Sold out | -103.6k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.6m9.6k shares |
| IMC-Chicago, LLC | New | $544.1k3.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $459.1k2.7k shares |
| Walleye Trading LLC | Reduced | $204.0k1.2k shares |
Biggest puts
| Flat Footed LLC | New | $6.8m40.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.1m24.3k shares |
| CITADEL ADVISORS LLC | Added | $3.9m22.8k shares |
| JANE STREET GROUP, LLC | New | $2.1m12.1k shares |
| Walleye Trading LLC | Added | $1.4m8.4k shares |
| IMC-Chicago, LLC | New | $561.1k3.3k 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 2025-04-17 | 9.1% |
| FMR LLC 13G · institution -2.2 pts · filed 2026-08-06 | 7.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 4 | $764.5k | $205.2k |
| Q3 2024 | 0 | — | 2 | $291.9k | $211.8k |
| Q4 2024 | 0 | — | 5 | $2.8m | $249.1k |
| Q1 2025 | 0 | — | 4 | $2.4m | — |
| Q2 2025 | 0 | — | 1 | $97.8k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $99.7k | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 2.8m $478.0m | Added +38.8k |
| FMR LLC 0.02% of their portfolio | 2.7m $456.1m | Added +881.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 1.3m $219.9m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.2m $208.6m | First filing |
| Van Berkom & Associates Inc. 3.26% of their portfolio | 1.2m $199.1m | Added +557.7k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.55% of their portfolio | 979.7k $166.6m | Added +526.6k |
| STATE STREET CORP 0.01% of their portfolio | 860.3k $146.3m | Added +17.2k |
| GW&K Investment Management, LLC 1.08% of their portfolio | 723.7k $123.1m | Reduced -12.8k |
| RIVERBRIDGE PARTNERS LLC 2.98% of their portfolio | 716.6k $121.8m | Reduced -136.5k |
| REINHART PARTNERS, LLC. 3.15% of their portfolio | 645.0k $109.7m | Added +126.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 621.4k $105.7m | Reduced -4.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 566.3k $96.3m | Reduced -11.8k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 519.3k $88.1m | Reduced -130.0k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 461.6k $78.5m | Reduced -18.9k |
| Invesco Ltd. 0.01% of their portfolio | 383.5k $65.2m | Reduced -11.5k |
| Boston Partners 0.07% of their portfolio | 371.4k $63.2m | Added +31.7k |
| FIL Ltd 0.05% of their portfolio | 355.8k $60.5m | Reduced -28.7k |
| Quantinno Capital Management LP 0.09% of their portfolio | 329.2k $56.0m | Added +70.0k |
| MORGAN STANLEY 0.00% of their portfolio | 317.2k $53.9m | Added +80.3k |
| WASATCH ADVISORS LP 0.36% of their portfolio | 316.2k $53.8m | Reduced -167.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 306.2k $52.1m | Added +21.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 271.8k $46.2m | Reduced -10.6k |
| Hood River Capital Management LLC 0.45% of their portfolio | 262.6k $44.6m | Reduced -48.9k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.24% of their portfolio | 251.5k $42.8m | Added +95.5k |
| LOOMIS SAYLES & CO L P 0.05% of their portfolio | 228.5k $38.9m | Reduced -19.1k |
| No Street GP LP 2.56% of their portfolio | 225.0k $38.3m | Reduced -25.0k |
| Capital Research Global Investors 0.01% of their portfolio | 224.3k $38.1m | Reduced -202.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 219.8k $37.4m | Reduced -103.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 215.1k $36.6m | Reduced -95.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 214.5k $36.5m | Added +15.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 211.0k $35.9m | Reduced -21.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 191.1k $32.1m | Added +10.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 185.2k $31.5m | Reduced -32.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 183.5k $31.2m | Reduced -23.4k |
| ABN AMRO Bank N.V. 0.33% of their portfolio | 178.9k $30.7m | Added +267 |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 171.3k $29.1m | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 168.9k $28.7m | Added +1.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 158.2k $26.9m | Reduced -15.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 143.7k $24.4m | Added +21 |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 139.3k $23.7m | Reduced -35.0k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 137.4k $23.4m | Added +98.3k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 131.0k $22.3m | Reduced -7.4k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 123.5k $21.0m | Reduced -91.0k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.59% of their portfolio | 116.9k $19.9m | Added +17.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 109.3k $18.6m | Reduced -458 |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 106.7k $18.1m | Added +14.8k |
| ALGERT GLOBAL LLC 0.27% of their portfolio | 105.9k $18.0m | Reduced -39.9k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 105.4k $17.9m | Reduced -195.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 97.3k $16.6m | Added +46.4k |
| Amundi 0.00% of their portfolio | 83.7k $14.2m | Reduced -515 |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 81.7k $14.0m | Unchanged |
| Prospect Capital Advisors, LLC 7.61% of their portfolio | 80.5k $13.7m | Added +2.4k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 76.2k $13.0m | Added +14.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 75.7k $12.9m | Reduced -156.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 75.1k $12.8m | Added +1.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 73.8k $12.5m | Added +593 |
| California Public Employees Retirement System 0.01% of their portfolio | 73.1k $12.4m | Reduced -4.5k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 71.1k $12.1m | Added +8.2k |
| ABN AMRO INVESTMENT SOLUTIONS 0.15% of their portfolio | 68.1k $11.6m | Reduced -594 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 61.9k $10.5m | Added +2.4k |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 58.6k $10.0m | Added +47.9k |
| FIRST SABREPOINT CAPITAL MANAGEMENT LP 4.03% of their portfolio | 58.0k $9.9m | Added +8.0k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.11% of their portfolio | 57.5k $9.8m | Reduced -3.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 56.6k $9.6m | Added +298 |
| Jump Financial, LLC 0.14% of their portfolio | 55.7k $9.5m | Reduced -19.4k |
| Swiss National Bank 0.01% of their portfolio | 55.4k $9.4m | Unchanged |
| Foresight Group Ltd Liability Partnership 1.66% of their portfolio | 55.4k $9.4m | Added +183 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 53.6k $9.1m | Reduced -70.1k |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 53.2k $9.1m | Added +4.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 52.7k $9.0m | Reduced -13.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 52.5k $8.9m | Reduced -5.6k |
| Nuveen, LLC 0.00% of their portfolio | 52.1k $8.9m | Added +1.5k |
| UBS Group AG 0.00% of their portfolio | 51.9k $8.8m | Reduced -142.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 48.6k $8.1m | Added +8.0k |
| Harel Insurance Investments & Financial Services Ltd. 0.06% of their portfolio | 47.8k $8.1m | Reduced -2.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 47.7k $8.1m | Reduced -21.9k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 46.5k $7.9m | Reduced -20.9k |
| Skylands Capital, LLC 1.03% of their portfolio | 46.4k $7.9m | Added +3.9k |
| HRT FINANCIAL LP 0.03% of their portfolio | 46.3k $7.9m | Added +37.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 45.6k $7.8m | Reduced -2.2k |
| CROWN ADVISORS MANAGEMENT, INC. 5.08% of their portfolio | 45.0k $7.7m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 43.8k $7.4m | Reduced -218.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 42.6k $7.2m | Added +39.2k |
| Legal & General Group Plc 0.00% of their portfolio | 41.0k $7.0m | Reduced -6.1k |
| Man Group plc 0.01% of their portfolio | 39.9k $6.8m | Reduced -8.3k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 36.3k $6.2m | Added +6.5k |
| Vident Advisory, LLC 0.05% of their portfolio | 34.8k $5.9m | Added +8.6k |
| Crossmark Global Holdings, Inc. 0.09% of their portfolio | 34.8k $5.9m | Reduced -15.8k |
| Riverwater Partners LLC 1.93% of their portfolio | 34.0k $5.8m | Added +1.2k |
| Retirement Systems of Alabama 0.02% of their portfolio | 33.9k $5.8m | Added +713 |
| Engineers Gate Manager LP 0.07% of their portfolio | 33.8k $5.8m | Reduced -19.5k |
| Sovereign's Capital Management, LLC 4.21% of their portfolio | 33.6k $5.7m | Added +3.1k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 33.4k $5.7m | Reduced -1.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 33.1k $5.6m | Added +6.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 31.0k $5.3m | Reduced -8.5k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 30.0k $5.1m | Added +1.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 29.3k $5.0m | Reduced -8.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 28.0k $4.8m | Reduced -3.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 27.9k $4.7m | Reduced -748 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 27.0k $4.6m | Reduced -191.8k |