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 ($2.4m this quarter). Holder counts are more reliable. Shares outstanding: 22.6m as of 2026-04-10, 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 ≈ $82.95. Options: 7 managers hold calls ($12.1m notional), 4 hold puts ($4.3m).
Trends to Q1 2026
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 |
| Q1 2026 | 288 |
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 | 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 |
| Q1 2026 | 164 | 109 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.1m | $501.8k | 0.45 |
| Q3 2025 | $447.2k | $0 | 0.00 |
| Q4 2025 | $11.0m | $232.6k | 0.02 |
| Q1 2026 | $12.1m | $4.3m | 0.36 |
Biggest buyers
| Qube Research & Technologies Ltd | Added | +277.6k |
| GOLDMAN SACHS GROUP INC | Added | +236.8k |
| TWO SIGMA INVESTMENTS, LP | Added | +200.6k |
| ALGERT GLOBAL LLC | Added | +188.0k |
| BlackRock, Inc. | Added | +147.3k |
| MARSHALL WACE, LLP | Added | +133.5k |
| ExodusPoint Capital Management, LP | New | +122.4k |
| Cambria Investment Management, L.P. | New | +113.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +106.5k |
| D. E. Shaw & Co., Inc. | Added | +91.3k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -1.3m |
| MARSHFIELD ASSOCIATES | Reduced | -685.6k |
| ROYAL BANK OF CANADA | Reduced | -373.3k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -213.9k |
| Lightrock Netherlands B.V. | Reduced | -103.9k |
| TWO SIGMA ADVISERS, LP | Sold out | -66.5k |
| BANK OF MONTREAL /CAN/ | Reduced | -59.5k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Reduced | -49.2k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -44.8k |
| Bastion Asset Management Inc. | Reduced | -42.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5m54.4k shares |
| GROUP ONE TRADING LLC | Unchanged | $3.8m45.4k shares |
| TUDOR INVESTMENT CORP ET AL | Unchanged | $1.3m16.0k shares |
| CenterStar Asset Management, LLC | New | $854.5k10.3k shares |
| JANE STREET GROUP, LLC | Added | $672.0k8.1k shares |
| CITADEL ADVISORS LLC | Added | $489.5k5.9k shares |
| IMC-Chicago, LLC | New | $448.0k5.4k shares |
Biggest puts
| Flat Footed LLC | New | $1.7m20.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.7m19.9k shares |
| JANE STREET GROUP, LLC | New | $555.8k6.7k shares |
| CenterStar Asset Management, LLC | New | $481.2k5.8k 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 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 | 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 | — |
| Q1 2026 | 1 | $58.0k | 3 | $4.8m | $4.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-18 | HERRAIZ LIZETTE BENEDI GENERAL COUNSEL | Sold plan | $238.2k3.0k shares |
| 2026-03-13 | HERRAIZ LIZETTE BENEDI GENERAL COUNSEL | Sold plan | $607.6k7.6k shares |
| 2026-03-13 | SILBERMAN ROBERT S CHAIRMAN, director | Bought | $58.0k718 shares |
| 2026-03-02 | JACKSON DANIEL WAYNE CHIEF FINANCIAL OFFICER | Sold plan | $1.1m13.0k shares |
| 2026-02-24 | MCDONNELL RAYMOND KARL CHIEF EXECUTIVE OFFICER, director | Sold plan | $2.9m38.8k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 3.7m $307.0m | Added +147.3k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.5m $121.0m | Added +7.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 1.4m $117.7m | First filing |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 1.4m $116.8m | Reduced -59.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 979.8k $81.3m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 876.3k $72.7m | Reduced -4.7k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 808.5k $67.1m | Reduced -1.3m |
| MARSHFIELD ASSOCIATES 1.32% of their portfolio | 792.9k $65.8m | Reduced -685.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 591.3k $49.1m | Reduced -17.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 465.8k $38.6m | Added +236.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 454.5k $37.7m | Added +106.5k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 437.6k $36.3m | Added +277.6k |
| Nuveen, LLC 0.01% of their portfolio | 382.8k $31.8m | Added +62.0k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 355.0k $29.5m | Added +200.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 353.9k $29.4m | Added +1.9k |
| MORGAN STANLEY 0.00% of their portfolio | 311.0k $25.8m | Added +51.5k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.22% of their portfolio | 297.0k $24.6m | Reduced -49.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 268.5k $22.3m | Reduced -373.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 251.0k $20.8m | Added +5.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 232.8k $19.3m | Added +4.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 223.3k $18.5m | Reduced -7.0k |
| Triodos Investment Management BV 1.38% of their portfolio | 220.0k $18.2m | Unchanged |
| ALGERT GLOBAL LLC 0.27% of their portfolio | 217.5k $18.0m | Added +188.0k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 182.0k $15.1m | Reduced -22.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 163.6k $13.6m | Reduced -213.9k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 148.8k $12.3m | First filing |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 141.6k $11.7m | Added +91.3k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 141.1k $11.7m | Added +133.5k |
| Lightrock Netherlands B.V. 2.49% of their portfolio | 140.4k $11.6m | Reduced -103.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 127.4k $10.6m | Reduced -2.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 127.3k $10.6m | Added +76.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 124.7k $10.3m | Reduced -27.2k |
| BARCLAYS PLC 0.00% of their portfolio | 123.9k $10.3m | Reduced -11.5k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 122.4k $10.2m | New |
| Cambria Investment Management, L.P. 0.52% of their portfolio | 113.2k $9.4m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 109.0k $9.0m | Reduced -44.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 101.8k $8.4m | Reduced -19.2k |
| SG Americas Securities, LLC 0.01% of their portfolio | 100.2k $8.3m | Added +38.7k |
| UBS Group AG 0.00% of their portfolio | 95.3k $7.9m | Added +17.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 91.8k $7.6m | Added +28.2k |
| Invesco Ltd. 0.00% of their portfolio | 91.4k $7.6m | Added +12.1k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 88.8k $7.4m | Added +56.8k |
| Trexquant Investment LP 0.05% of their portfolio | 83.1k $6.9m | Added +33.2k |
| FMR LLC 0.00% of their portfolio | 82.7k $6.9m | Added +13.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 82.2k $6.8m | Added +36.8k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 80.6k $6.7m | Added +79.1k |
| HRT FINANCIAL LP 0.02% of their portfolio | 79.2k $6.6m | Added +60.0k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 74.7k $6.2m | Added +11.7k |
| Ellsworth Advisors, LLC 1.13% of their portfolio | 72.7k $6.0m | Added +996 |
| Jump Financial, LLC 0.09% of their portfolio | 72.1k $6.0m | Added +49.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 71.9k $6.0m | Added +4.3k |
| Squarepoint Ops LLC 0.01% of their portfolio | 60.6k $5.0m | Reduced -4.6k |
| Creative Planning 0.00% of their portfolio | 60.1k $5.0m | Added +33.1k |
| Legal & General Group Plc 0.00% of their portfolio | 59.5k $4.9m | Reduced -2.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 57.1k $4.7m | Reduced -15.6k |
| Swiss National Bank 0.00% of their portfolio | 46.4k $3.9m | Reduced -800 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 46.4k $3.8m | Added +38.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 45.8k $3.8m | Added +36.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 44.3k $3.7m | Reduced -686 |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.08% of their portfolio | 44.3k $3.7m | Added +9.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 42.5k $3.5m | Added +7.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 41.5k $3.4m | Reduced -9.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 40.3k $3.3m | Added +6.6k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 40.0k $3.3m | New |
| BESSEMER GROUP INC 0.01% of their portfolio | 39.9k $3.3m | Added +59 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 39.8k $3.3m | Added +17.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 38.8k $3.2m | Reduced -15.3k |
| Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio | 36.8k $3.1m | Added +31.3k |
| PDT Partners, LLC 0.17% of their portfolio | 34.9k $2.9m | Added +18.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 32.9k $2.7m | Added +4.3k |
| Tikvah Management LLC 0.79% of their portfolio | 30.9k $2.6m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 29.6k $2.5m | Added +7.3k |
| Bastion Asset Management Inc. 0.71% of their portfolio | 28.6k $2.3m | Reduced -42.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 27.9k $2.3m | Reduced -1.2k |
| CLARK ESTATES INC/NY 0.55% of their portfolio | 27.6k $2.3m | Unchanged |
| Empowered Funds, LLC 0.01% of their portfolio | 27.5k $2.3m | New |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 27.3k $2.3m | Reduced -4.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 26.1k $2.1m | Reduced -900 |
| Cerity Partners LLC 0.00% of their portfolio | 25.5k $2.1m | Reduced -14.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 25.0k $2.1m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 24.7k $2.0m | Added +11.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 24.5k $2.0m | Added +1.1k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 23.8k $2.0m | New |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 23.7k $2.0m | Added +207 |
| Quantinno Capital Management LP 0.00% of their portfolio | 23.2k $1.9m | Added +18.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 22.6k $1.9m | Added +2.2k |
| LPL Financial LLC 0.00% of their portfolio | 22.5k $1.9m | Reduced -8.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 22.1k $1.8m | Added +2.3k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 21.5k $1.8m | Added +10.2k |
| INGALLS & SNYDER LLC 0.06% of their portfolio | 21.5k $1.8m | Reduced -318 |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio | 19.2k $1.6m | Added +326 |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 19.1k $1.6m | Added +2.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 19.0k $1.6m | First filing |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 19.0k $1.6m | Added +3.4k |
| Concentric Capital Strategies, LP 0.14% of their portfolio | 19.0k $1.6m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 18.8k $1.6m | Reduced -927 |
| Edgestream Partners, L.P. 0.05% of their portfolio | 17.5k $1.5m | New |
| Jackson Creek Investment Advisors LLC 0.41% of their portfolio | 16.9k $1.4m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 16.8k $1.4m | Reduced -7.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 16.7k $1.4m | Added +1.5k |