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 ($29.0k this quarter). Holder counts are more reliable. Shares outstanding: 22.7m as of 2026-01-30, 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 ≈ $80.23. Options: 6 managers hold calls ($11.0m notional), 2 hold puts ($232.6k).
Trends to Q4 2025
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 |
| Q2 2024 | 271 |
| Q3 2024 | 249 |
| Q4 2024 | 243 |
| Q1 2025 | 238 |
| Q2 2025 | 259 |
| Q3 2025 | 265 |
| Q4 2025 | 265 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 93 | 94 |
| Q2 2024 | 163 | 92 |
| Q3 2024 | 140 | 113 |
| Q4 2024 | 105 | 116 |
| Q1 2025 | 113 | 118 |
| Q2 2025 | 148 | 104 |
| Q3 2025 | 113 | 135 |
| Q4 2025 | 121 | 131 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $1.3m | $1.5m | 1.17 |
| Q2 2025 | $1.1m | $501.8k | 0.45 |
| Q3 2025 | $447.2k | $0 | 0.00 |
| Q4 2025 | $11.0m | $232.6k | 0.02 |
Biggest buyers
| BANK OF MONTREAL /CAN/ | Added | +1.5m |
| T. Rowe Price Investment Management, Inc. | Added | +412.3k |
| GOLDMAN SACHS GROUP INC | Added | +90.2k |
| Ellsworth Advisors, LLC | New | +71.7k |
| Pacer Advisors, Inc. | New | +63.1k |
| BlackRock, Inc. | Added | +59.1k |
| Bastion Asset Management Inc. | Added | +57.2k |
| Public Sector Pension Investment Board | Added | +50.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +50.7k |
| SG Americas Securities, LLC | Added | +50.1k |
Biggest sellers
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Reduced | -113.4k |
| MARSHFIELD ASSOCIATES | Reduced | -107.1k |
| Cerity Partners LLC | Reduced | -87.3k |
| JPMORGAN CHASE & CO | Reduced | -78.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -64.1k |
| JANE STREET GROUP, LLC | Reduced | -45.0k |
| VANGUARD GROUP INC | Reduced | -43.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -41.7k |
| D. E. Shaw & Co., Inc. | Reduced | -33.4k |
| RAYMOND JAMES FINANCIAL INC | Sold out | -32.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.6m57.0k shares |
| GROUP ONE TRADING LLC | New | $3.6m45.4k shares |
| TUDOR INVESTMENT CORP ET AL | New | $1.3m16.0k shares |
| D. E. Shaw & Co., Inc. | New | $802.0k10.0k shares |
| JANE STREET GROUP, LLC | New | $401.0k5.0k shares |
| CITADEL ADVISORS LLC | New | $304.8k3.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $200.5k2.5k shares |
| SIMPLEX TRADING, LLC | New | $32.1k400 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 Q4 2025
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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 2 | $1.6m | $1.6m |
| Q2 2024 | 1 | $493.8k | 1 | $128.4k | — |
| Q3 2024 | 1 | $477.9k | 1 | $203.2k | $203.2k |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 4 | $1.2m | 3 | $3.8m | $3.8m |
| Q2 2025 | 0 | — | 1 | $119.9k | — |
| Q3 2025 | 1 | $154.8k | 1 | $57.2k | — |
| Q4 2025 | 0 | — | 1 | $112.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-11 | GRUSKY ROBERT R Director | Sold | $112.3k1.4k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 3.6m $285.0m | Added +59.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.6m $205.7m | Reduced -43.4k |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 2.1m $171.8m | Added +412.3k |
| MARSHFIELD ASSOCIATES 2.08% of their portfolio | 1.5m $118.6m | Reduced -107.1k |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 1.5m $117.7m | Added +1.5m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.5m $116.4m | Added +1.7k |
| STATE STREET CORP 0.00% of their portfolio | 881.1k $70.7m | Added +6.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 641.8k $51.5m | Reduced -15.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 609.0k $48.9m | Added +1.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 377.5k $30.3m | Reduced -29.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 352.0k $28.2m | Added +12.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 348.0k $27.9m | Added +15.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.24% of their portfolio | 346.2k $27.8m | Reduced -113.4k |
| Nuveen, LLC 0.01% of their portfolio | 320.8k $25.7m | Added +24.9k |
| MORGAN STANLEY 0.00% of their portfolio | 259.4k $20.8m | Reduced -20.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 245.0k $19.7m | Reduced -14.4k |
| Lightrock Netherlands B.V. 4.06% of their portfolio | 244.2k $19.6m | Added +9.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 230.3k $18.5m | Reduced -26.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 229.1k $18.4m | Added +90.2k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 228.6k $18.3m | Reduced -15.3k |
| Triodos Investment Management BV 1.29% of their portfolio | 220.0k $17.8m | Unchanged |
| Public Sector Pension Investment Board 0.06% of their portfolio | 204.8k $16.4m | Added +50.9k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 160.0k $12.8m | Reduced -18.1k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 154.4k $12.4m | Added +50.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 153.8k $12.3m | Reduced -41.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 152.0k $12.2m | Reduced -64.1k |
| BARCLAYS PLC 0.00% of their portfolio | 135.4k $10.9m | Added +12.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 129.5k $10.4m | Added +2.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 121.0k $9.7m | Added +1.4k |
| Invesco Ltd. 0.00% of their portfolio | 79.3k $6.4m | Reduced -11.6k |
| UBS Group AG 0.00% of their portfolio | 77.4k $6.2m | Reduced -4.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 72.7k $5.8m | Reduced -78.7k |
| Ellsworth Advisors, LLC 1.20% of their portfolio | 71.7k $6.1m | New |
| Bastion Asset Management Inc. 3.12% of their portfolio | 71.2k $5.6m | Added +57.2k |
| FMR LLC 0.00% of their portfolio | 68.8k $5.5m | Added +10.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 67.6k $5.4m | Reduced -4.3k |
| NORGES BANK 0.00% of their portfolio | 67.5k $5.4m | Not comparable |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 66.5k $5.3m | Added +22.3k |
| Squarepoint Ops LLC 0.01% of their portfolio | 65.2k $5.2m | Reduced -27.5k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 63.7k $5.1m | Added +47.9k |
| Pacer Advisors, Inc. 0.01% of their portfolio | 63.1k $5.1m | New |
| Legal & General Group Plc 0.00% of their portfolio | 62.3k $5.0m | Reduced -1.8k |
| SG Americas Securities, LLC 0.01% of their portfolio | 61.5k $4.9m | Added +50.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 54.1k $4.3m | Reduced -378 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 50.9k $4.1m | Reduced -30.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 50.6k $4.1m | Added +6.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 50.2k $4.0m | Reduced -33.4k |
| Trexquant Investment LP 0.04% of their portfolio | 49.9k $4.0m | New |
| Swiss National Bank 0.00% of their portfolio | 47.2k $3.8m | Added +2.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 45.4k $3.6m | Reduced -9.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 45.0k $3.6m | Reduced -3.8k |
| Cerity Partners LLC 0.00% of their portfolio | 40.2k $3.2m | Reduced -87.3k |
| BESSEMER GROUP INC 0.00% of their portfolio | 39.8k $3.2m | Added +39.7k |
| Verition Fund Management LLC 0.02% of their portfolio | 37.8k $3.0m | Added +13.3k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.07% of their portfolio | 35.2k $2.8m | Added +4.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 34.5k $2.8m | Added +10.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 33.7k $2.7m | Reduced -2.4k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 33.5k $2.7m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 32.1k $2.6m | Reduced -45.0k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 32.1k $2.6m | Reduced -8.9k |
| Tikvah Management LLC 0.66% of their portfolio | 30.9k $2.5m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 30.4k $2.4m | Added +759 |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 29.6k $2.4m | Added +21.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 29.1k $2.3m | Reduced -297 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 28.5k $2.3m | Added +1.5k |
| Vident Advisory, LLC 0.02% of their portfolio | 28.4k $2.3m | Added +2.8k |
| CLARK ESTATES INC/NY 0.54% of their portfolio | 27.6k $2.2m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 27.0k $2.2m | Unchanged |
| Creative Planning 0.00% of their portfolio | 27.0k $2.2m | Added +14.2k |
| AlphaQuest LLC 0.11% of their portfolio | 25.2k $2.0m | Added +8.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 24.7k $2.0m | Added +12.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 23.5k $1.9m | Added +18.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 23.4k $1.9m | Reduced -8.2k |
| Jump Financial, LLC 0.02% of their portfolio | 22.4k $1.8m | Added +14.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 22.3k $1.8m | Added +669 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 22.1k $1.8m | Reduced -1.5k |
| INGALLS & SNYDER LLC 0.06% of their portfolio | 21.8k $1.8m | Reduced -102 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 20.3k $1.6m | Added +731 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 19.8k $1.6m | Reduced -3.5k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 19.7k $1.6m | Reduced -10.2k |
| HRT FINANCIAL LP 0.01% of their portfolio | 19.3k $1.5m | Reduced -11.0k |
| Integrated Quantitative Investments LLC 0.33% of their portfolio | 19.2k $1.5m | Added +8.8k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio | 18.9k $1.5m | Reduced -141 |
| LONESTAR CAPITAL MANAGEMENT LLC 0.77% of their portfolio | 17.9k $1.4m | New |
| BENJAMIN EDWARDS INC 0.01% of their portfolio | 16.6k $1.3m | Added +1.7k |
| PDT Partners, LLC 0.09% of their portfolio | 16.6k $1.3m | Added +9.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 16.2k $1.3m | Reduced -3.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 15.6k $1.2m | Reduced -5.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 15.2k $1.2m | Added +1.5k |
| D.A. DAVIDSON & CO. 0.01% of their portfolio | 14.7k $1.2m | Added +1.8k |
| Elo Mutual Pension Insurance Co 0.02% of their portfolio | 14.5k $1.2m | Added +1.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 14.4k $1.2m | Reduced -342 |
| Headlands Technologies LLC 0.10% of their portfolio | 14.2k $1.1m | Added +3.3k |
| Mork Capital Management, LLC 0.66% of their portfolio | 13.6k $1.1m | New |
| Corient Private Wealth LP 0.00% of their portfolio | 13.4k $1.1m | Added +4.2k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 13.2k $1.1m | Added +2 |
| Linden Thomas Advisory Services, LLC 0.11% of their portfolio | 13.2k $1.1m | Reduced -260 |
| CITIGROUP INC 0.00% of their portfolio | 13.2k $1.1m | Added +2.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 12.9k $1.0m | Added +5.6k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 12.8k $1.0m | Reduced -574 |