STRATEGIC ED INC STRA
COM · Common Stock · CUSIP 86272C103 · ISIN US86272C1036
- IndustryServices-Educational Services
- HeadquartersHerndon, VA
- 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 ($205.0k this quarter). Holder counts are more reliable. Shares outstanding: 24.6m as of 2024-04-12, 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 ≈ $104.10. Options: 4 managers hold calls ($3.6m notional), 5 hold puts ($2.3m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 175 |
| Q4 2022 | 191 |
| Q1 2023 | 178 |
| Q2 2023 | 183 |
| Q3 2023 | 204 |
| Q4 2023 | 205 |
| Q1 2024 | 224 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 86 | 85 |
| Q1 2023 | 76 | 99 |
| Q2 2023 | 77 | 96 |
| Q3 2023 | 89 | 90 |
| Q4 2023 | 77 | 113 |
| Q1 2024 | 93 | 94 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $1.1m | $203.5k | 0.19 |
| Q3 2023 | $1.8m | $255.8k | 0.14 |
| Q4 2023 | $442.8k | $554.0k | 1.25 |
| Q1 2024 | $3.6m | $2.3m | 0.66 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +428.8k |
| MORGAN STANLEY | Added | +190.1k |
| DIMENSIONAL FUND ADVISORS LP | Added | +64.7k |
| Burgundy Asset Management Ltd. | Added | +45.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +36.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Added | +33.5k |
| NORGES BANK | Added | +33.1k |
| ROYAL BANK OF CANADA | Added | +25.3k |
| Nuveen Asset Management, LLC | Added | +22.6k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +21.1k |
Biggest sellers
| INCLUSIVE CAPITAL PARTNERS, L.P. | Reduced | -410.0k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -62.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -60.5k |
| MARSHFIELD ASSOCIATES | Reduced | -45.9k |
| Triodos Investment Management BV | Reduced | -41.0k |
| Trexquant Investment LP | Reduced | -28.9k |
| T. Rowe Price Investment Management, Inc. | Reduced | -24.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Sold out | -21.2k |
| BARCLAYS PLC | Reduced | -14.9k |
| DISCIPLINED GROWTH INVESTORS INC /MN | Reduced | -13.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.9m18.5k shares |
| CITADEL ADVISORS LLC | Added | $1.5m14.1k shares |
| SIMPLEX TRADING, LLC | Added | $156.0k1.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $2.0m19.5k shares |
| CITADEL ADVISORS LLC | Reduced | $218.7k2.1k shares |
| SIMPLEX TRADING, LLC | Unchanged | $52.0k500 shares |
| Walleye Capital LLC | New | $41.6k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2026-10-08 | 6.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.3% |
| BANK OF MONTREAL /CAN/ 13G · institution new · filed 2026-02-12 | 6.3% |
Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (4.9%, 2026-07-31; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), MARSHFIELD ASSOCIATES (3.5%, 2026-05-15), T. Rowe Price Investment Management, Inc. (3.6%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), Burgundy Asset Management Ltd. (6.1%, 2026-02-12)
Insider purchases and sales in Q1 2024
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 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 1 | $150.0k | 0 | — | — |
| Q1 2023 | 0 | — | 3 | $2.2m | — |
| Q2 2023 | 0 | — | 1 | $14.5k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $1.6m | $1.6m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-02-27 | MCDONNELL RAYMOND KARL CHIEF EXECUTIVE OFFICER, director | Sold plan | $1.2m12.8k shares |
| 2024-02-27 | JACKSON DANIEL WAYNE CHIEF FINANCIAL OFFICER | Sold plan | $356.3k3.7k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 3.5m $369.5m | Reduced -12.6k |
| T. Rowe Price Investment Management, Inc. 0.20% of their portfolio | 3.1m $319.5m | Reduced -24.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 2.6m $268.2m | Reduced -8.1k |
| MARSHFIELD ASSOCIATES 3.87% of their portfolio | 1.8m $188.6m | Reduced -45.9k |
| INCLUSIVE CAPITAL PARTNERS, L.P. 52.17% of their portfolio | 1.7m $172.3m | Reduced -410.0k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.4m $145.7m | Added +64.7k |
| Burgundy Asset Management Ltd. 1.27% of their portfolio | 1.2m $123.3m | Added +45.9k |
| STATE STREET CORP 0.00% of their portfolio | 851.3k $88.6m | Added +7.1k |
| MORGAN STANLEY 0.00% of their portfolio | 764.5k $79.6m | Added +190.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 585.5k $61.0m | Added +428.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 513.4k $53.5m | Added +11.9k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.66% of their portfolio | 505.9k $52.7m | Added +33.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 458.8k $47.8m | Added +25.3k |
| DISCIPLINED GROWTH INVESTORS INC /MN 0.85% of their portfolio | 448.2k $46.7m | Reduced -13.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 344.3k $35.8m | Added +21.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 289.3k $30.1m | Added +10.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 261.4k $27.2m | Reduced -11.5k |
| Triodos Investment Management BV 2.40% of their portfolio | 255.0k $26.6m | Reduced -41.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 231.5k $24.1m | Added +22.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 230.3k $24.0m | Reduced -8.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 192.9k $20.1m | Reduced -60.5k |
| NORGES BANK 0.00% of their portfolio | 179.4k $18.7m | Added +33.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 178.2k $18.6m | Added +12.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 152.7k $15.9m | Added +36.3k |
| Invesco Ltd. 0.00% of their portfolio | 117.1k $12.2m | Added +13.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 113.0k $11.8m | Reduced -4.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 89.2k $9.3m | Reduced -62.2k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 70.1k $7.3m | Reduced -1.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 70.1k $7.3m | Reduced -5.8k |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 65.8k $6.8m | Reduced -478 |
| Legal & General Group Plc 0.00% of their portfolio | 62.8k $6.5m | Reduced -420 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 54.0k $5.6m | Reduced -2.8k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 44.6k $4.6m | Reduced -1.0k |
| Swiss National Bank 0.00% of their portfolio | 43.4k $4.5m | Unchanged |
| Bridgewater Associates, LP 0.02% of their portfolio | 38.5k $4.0m | Reduced -5.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 38.3k $4.0m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 35.6k $3.7m | Reduced -2.6k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 35.3k $3.7m | Added +770 |
| UBS Group AG 0.00% of their portfolio | 34.8k $3.6m | Added +13.0k |
| TD Asset Management Inc 0.00% of their portfolio | 33.1k $3.5m | Reduced -800 |
| Tikvah Management LLC 1.01% of their portfolio | 30.9k $3.2m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 29.8k $3.1m | Added +8.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 28.9k $3.0m | Added +698 |
| WINTON GROUP Ltd 0.21% of their portfolio | 28.5k $3.0m | Added +5.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 28.2k $2.9m | Reduced -2.7k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 27.8k $2.9m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 25.4k $2.6m | Reduced -4.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 24.4k $2.5m | Reduced -1.2k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.07% of their portfolio | 24.3k $2.5m | Added +5.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 23.8k $2.5m | Added +5.6k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 22.8k $2.4m | Reduced -4.6k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 22.6k $2.3m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 22.0k $2.3m | Reduced -1.3k |
| BARCLAYS PLC 0.00% of their portfolio | 20.6k $2.1m | Reduced -14.9k |
| CITIGROUP INC 0.00% of their portfolio | 20.0k $2.1m | Added +5.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 20.0k $2.1m | Added +2.4k |
| INGALLS & SNYDER LLC 0.09% of their portfolio | 19.9k $2.1m | Reduced -65 |
| Squarepoint Ops LLC 0.01% of their portfolio | 19.4k $2.0m | Reduced -11.9k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 19.0k $2.0m | Added +56 |
| Partnership Wealth Management, LLC 1.39% of their portfolio | 19.0k $2.0m | Reduced -3.6k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 18.9k $2.0m | Reduced -709 |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio | 16.4k $1.7m | Reduced -3.3k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 15.7k $1.4m | Added +2.5k |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 14.8k $1.5m | Reduced -1.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 13.9k $1.4m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 13.7k $1.4m | Added +108 |
| Linden Thomas Advisory Services, LLC 0.22% of their portfolio | 13.4k $1.4m | Added +249 |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 13.3k $1.4m | Reduced -266 |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 13.0k $1.4m | Added +165 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 12.2k $1.3m | Reduced -119 |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 11.9k $1.2m | Added +511 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 11.9k $1.2m | Added +988 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 11.8k $1.1m | Added +5.4k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 11.5k $1.2m | Unchanged |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 11.5k $1.2m | Reduced -582 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 11.5k $1.2m | Reduced -23 |
| COMERICA BANK 0.01% of their portfolio | 11.2k $1.2m | Reduced -1.2k |
| Davidson Kempner Capital Management LP 0.02% of their portfolio | 11.0k $1.1m | Not comparable |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 10.9k $1.1m | Added +4.1k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 10.8k $1.1m | Reduced -200 |
| Pacific Capital Partners Ltd 0.72% of their portfolio | 10.6k $1.1m | Added +1.3k |
| Virtus Investment Advisers, LLC 0.78% of their portfolio | 10.5k $1.1m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 10.3k $1.1m | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 10.1k $1.1m | New |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 9.9k $1.0m | Reduced -1.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 9.3k $966.8k | Added +1.3k |
| HRT FINANCIAL LP 0.01% of their portfolio | 9.1k $943.0k | New |
| D.A. DAVIDSON & CO. 0.01% of their portfolio | 8.8k $919.2k | Added +1.1k |
| MSH Capital Advisors LLC 0.32% of their portfolio | 8.8k $916.4k | Reduced -409 |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 8.4k $870.0k | New |
| Maryland State Retirement & Pension System 0.02% of their portfolio | 7.8k $767.7k | Reduced -147 |
| SkyView Investment Advisors, LLC 0.15% of their portfolio | 7.7k $797.0k | Added +236 |
| LPL Financial LLC 0.00% of their portfolio | 7.5k $784.9k | Added +503 |
| SG Americas Securities, LLC 0.00% of their portfolio | 7.4k $770.0k | Added +3.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 7.3k $757.0k | Unchanged |
| Quadrature Capital Ltd 0.01% of their portfolio | 7.1k $738.4k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 7.1k $737.4k | Reduced -3.4k |
| AMALGAMATED BANK 0.01% of their portfolio | 7.0k $729.0k | Reduced -1.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 7.0k $724.0k | Added +1.1k |
| Eisler Capital (US) LLC 0.24% of their portfolio | 6.9k $717.3k | New |