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 ($20.2m this quarter). Holder counts are more reliable. Shares outstanding: 26.1m as of 2026-07-28, 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 ≈ $143.30. Options: 6 managers hold calls ($2.3m notional), 7 hold puts ($8.2m).
Trends to Q2 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 |
| Q2 2026 | 445 |
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 | 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 |
| Q2 2026 | 202 | 260 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $22.2m | $4.6m | 0.21 |
| Q4 2025 | $6.6m | $2.9m | 0.45 |
| Q1 2026 | $2.8m | $18.9m | 6.64 |
| Q2 2026 | $2.3m | $8.2m | 3.60 |
Biggest buyers
| Qube Research & Technologies Ltd | Added | +321.4k |
| REINHART PARTNERS, LLC. | Added | +237.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +210.6k |
| HRT FINANCIAL LP | Added | +161.9k |
| CITADEL ADVISORS LLC | Added | +134.4k |
| Assenagon Asset Management S.A. | Added | +84.9k |
| Balyasny Asset Management L.P. | New | +84.7k |
| WASATCH ADVISORS LP | Added | +75.8k |
| BANK OF MONTREAL /CAN/ | Added | +75.3k |
| AMERICAN CENTURY COMPANIES INC | Added | +74.6k |
Biggest sellers
| FMR LLC | Reduced | -637.0k |
| Van Berkom & Associates Inc. | Reduced | -626.3k |
| Invesco Ltd. | Reduced | -276.8k |
| Quantinno Capital Management LP | Reduced | -184.2k |
| RIVERBRIDGE PARTNERS LLC | Reduced | -160.9k |
| Point72 Asset Management, L.P. | Sold out | -123.5k |
| GW&K Investment Management, LLC | Reduced | -107.1k |
| AMERIPRISE FINANCIAL INC | Reduced | -89.6k |
| MORGAN STANLEY | Reduced | -82.1k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -72.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $844.3k5.9k shares |
| D. E. Shaw & Co., Inc. | New | $472.3k3.3k shares |
| CITADEL ADVISORS LLC | Reduced | $357.8k2.5k shares |
| Walleye Capital LLC | New | $343.5k2.4k shares |
| IMC-Chicago, LLC | Reduced | $200.4k1.4k shares |
| Walleye Trading LLC | Reduced | $57.2k400 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.7m26.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m10.7k shares |
| Walleye Trading LLC | Reduced | $1.2m8.2k shares |
| JANE STREET GROUP, LLC | Reduced | $787.1k5.5k shares |
| IMC-Chicago, LLC | Added | $543.8k3.8k shares |
| SIMPLEX TRADING, LLC | New | $386.4k2.7k shares |
| Walleye Capital LLC | New | $14.3k100 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 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 | — | 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 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 2.8m $397.7m | Reduced -32.7k |
| FMR LLC 0.01% of their portfolio | 2.0m $292.7m | Reduced -637.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 1.3m $183.1m | Reduced -14.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.2m $171.0m | Reduced -32.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.45% of their portfolio | 1.0m $148.7m | Added +59.1k |
| REINHART PARTNERS, LLC. 2.88% of their portfolio | 882.9k $126.4m | Added +237.9k |
| STATE STREET CORP 0.00% of their portfolio | 848.9k $121.5m | Reduced -11.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 626.6k $89.7m | Added +5.1k |
| GW&K Investment Management, LLC 0.69% of their portfolio | 616.7k $88.2m | Reduced -107.1k |
| RIVERBRIDGE PARTNERS LLC 2.22% of their portfolio | 555.7k $79.5m | Reduced -160.9k |
| Van Berkom & Associates Inc. 2.51% of their portfolio | 544.9k $78.0m | Reduced -626.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 542.0k $77.6m | Reduced -24.3k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 536.9k $76.8m | Added +75.3k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 452.4k $64.7m | Added +321.4k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 446.7k $63.1m | Reduced -72.6k |
| WASATCH ADVISORS LP 0.37% of their portfolio | 392.0k $56.1m | Added +75.8k |
| Boston Partners 0.05% of their portfolio | 383.4k $55.2m | Added +12.0k |
| FIL Ltd 0.04% of their portfolio | 356.7k $51.1m | Added +925 |
| NORGES BANK 0.01% of their portfolio | 356.4k $51.0m | Not comparable |
| Jupiter Topco LLC 0.02% of their portfolio | 300.1k $42.9m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 296.2k $42.4m | Reduced -10.0k |
| No Street GP LP 2.36% of their portfolio | 275.0k $39.4m | Added +50.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 259.3k $37.1m | Reduced -12.5k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 254.4k $36.4m | Added +210.6k |
| Hood River Capital Management LLC 0.26% of their portfolio | 252.6k $36.1m | Reduced -10.0k |
| MORGAN STANLEY 0.00% of their portfolio | 235.1k $33.6m | Reduced -82.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 234.0k $33.5m | Added +18.9k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 231.8k $33.2m | Added +134.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 217.3k $31.1m | Reduced -2.5k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.16% of their portfolio | 217.0k $31.1m | Reduced -34.6k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 213.3k $30.5m | Reduced -15.2k |
| HRT FINANCIAL LP 0.07% of their portfolio | 208.2k $29.8m | Added +161.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 207.1k $29.5m | Added +16.0k |
| Capital Research Global Investors 0.00% of their portfolio | 207.1k $29.6m | Reduced -17.2k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 206.7k $29.6m | Added +69.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 206.5k $29.6m | Reduced -4.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 199.2k $28.5m | Added +30.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 183.9k $26.3m | Added +74.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 167.2k $23.9m | Reduced -4.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 165.4k $23.7m | Reduced -18.1k |
| ALGERT GLOBAL LLC 0.26% of their portfolio | 155.3k $22.2m | Added +49.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 150.2k $21.5m | Reduced -8.0k |
| ABN AMRO Bank N.V. 0.28% of their portfolio | 149.4k $21.4m | Reduced -29.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 147.1k $21.1m | Reduced -38.1k |
| Quantinno Capital Management LP 0.02% of their portfolio | 145.0k $20.7m | Reduced -184.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 132.3k $18.9m | Reduced -11.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 124.9k $17.9m | Reduced -89.6k |
| PANAGORA ASSET MANAGEMENT INC 0.05% of their portfolio | 107.6k $15.4m | Added +906 |
| Invesco Ltd. 0.00% of their portfolio | 106.6k $15.3m | Reduced -276.8k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 103.5k $14.8m | Added +84.9k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 101.2k $14.5m | Added +58.6k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 100.7k $14.4m | Reduced -38.6k |
| Amundi 0.00% of their portfolio | 94.1k $13.5m | Added +10.4k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.27% of their portfolio | 92.5k $13.2m | Reduced -24.4k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 87.9k $14.9m | Reduced -17.5k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 84.7k $12.1m | New |
| Public Sector Pension Investment Board 0.03% of their portfolio | 83.8k $12.0m | Added +7.6k |
| Prospect Capital Advisors, LLC 5.41% of their portfolio | 83.3k $11.9m | Added +2.8k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 81.7k $13.7m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 78.1k $11.2m | Added +26.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 73.1k $10.5m | Reduced -609 |
| Nuveen, LLC 0.00% of their portfolio | 72.6k $10.4m | Added +20.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 72.2k $10.3m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 71.3k $10.2m | Reduced -3.8k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 67.6k $9.7m | Added +65.7k |
| ExodusPoint Capital Management, LP 0.09% of their portfolio | 65.8k $9.4m | Added +46.0k |
| Foresight Group Ltd Liability Partnership 1.64% of their portfolio | 63.5k $9.1m | Added +8.1k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 60.9k $8.7m | Added +55.1k |
| ABN AMRO INVESTMENT SOLUTIONS 0.08% of their portfolio | 60.6k $8.7m | Reduced -7.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 59.5k $8.5m | Reduced -2.4k |
| Quadrature Capital Ltd 0.07% of their portfolio | 59.2k $8.5m | Added +46.5k |
| Jump Financial, LLC 0.08% of their portfolio | 59.0k $8.4m | Added +3.2k |
| Skylands Capital, LLC 1.01% of their portfolio | 57.6k $8.2m | Added +11.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 57.3k $8.2m | Added +762 |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.08% of their portfolio | 55.8k $8.0m | Reduced -1.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 55.8k $8.0m | Added +3.1k |
| Swiss National Bank 0.00% of their portfolio | 54.5k $7.8m | Reduced -900 |
| California Public Employees Retirement System 0.00% of their portfolio | 53.5k $7.7m | Reduced -19.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 53.4k $7.6m | Reduced -256 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 53.4k $9.1m | Added +4.8k |
| Treasurer of the State of North Carolina 0.02% of their portfolio | 52.9k $7.6m | Reduced -370 |
| SG Americas Securities, LLC 0.00% of their portfolio | 52.2k $7.5m | Added +38.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 52.1k $7.5m | Reduced -423 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 49.8k $7.1m | Added +3.2k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 47.9k $6.8m | Added +2.2k |
| Harel Insurance Investments & Financial Services Ltd. 0.03% of their portfolio | 47.4k $6.8m | Reduced -348 |
| Engineers Gate Manager LP 0.09% of their portfolio | 46.6k $6.7m | Added +12.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 44.2k $6.3m | Reduced -3.5k |
| Holocene Advisors, LP 0.01% of their portfolio | 41.6k $5.9m | Added +22.2k |
| Crossmark Global Holdings, Inc. 0.08% of their portfolio | 41.0k $5.9m | Added +6.3k |
| Trexquant Investment LP 0.04% of their portfolio | 40.5k $5.8m | Added +14.5k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.02% of their portfolio | 38.8k $5.6m | Added +21.0k |
| Legal & General Group Plc 0.00% of their portfolio | 38.3k $5.5m | Reduced -2.7k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 36.3k $5.2m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 35.9k $5.1m | Added +34.6k |
| Vident Advisory, LLC 0.04% of their portfolio | 35.2k $5.0m | Added +360 |
| CROWN ADVISORS MANAGEMENT, INC. 2.75% of their portfolio | 35.0k $5.0m | Reduced -10.0k |
| Riverwater Partners LLC 1.48% of their portfolio | 34.9k $5.0m | Added +894 |
| HARBOR CAPITAL ADVISORS, INC. 0.33% of their portfolio | 33.6k $4.8m | Added +6.7k |
| Sovereign's Capital Management, LLC 3.17% of their portfolio | 33.1k $4.7m | Reduced -509 |