Adtalem Global Education Inc.

ATGE • NYSE

Adtalem Global Education Inc. is a education & training services company in the consumer defensive sector on NYSE, led by Stephen W. Beard, with a market cap of $3.4B. As of Q3 2025, 96% of shares are held by 395 institutional investors, with BlackRock, Inc. as the largest holder at 14.8%.

President and Chief Executive OfficerStephen W. Beard

Market Cap$3.4B

Education & Training Services

Consumer Defensive

Employees4.7K

Websiteadtalem.com

Country

United States of America

Overview

Overview of institutional ownership in ATGE as of Q3 2025 with a market cap of $5.6B

All Institutions

Institutions: 395
Value Held: $5.3B
Shares Held: 34.5M
Avg Position: $13.5M
Median Position: $907.5K

Hedge Funds

Hedge Funds: 45
Value Held: $495.8M
Shares Held: 3.2M
Avg Position: $11.0M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

86.81%

$4.8B

Hedge Funds

8.93%

$495.8M

Retail & Other

4.26%

$236.4M

Based on market cap of $5.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ATGE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$821.9M 0.01% of portfolio	14.80% 5.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$670.1M 0.01% of portfolio	12.07% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$286.3M 0.06% of portfolio	5.16% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
FMR LLC Institution	-	$222.3M 0.01% of portfolio	4.00% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$213.8M 0.01% of portfolio	3.85% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
ARIEL INVESTMENTS, LLC Long Only Manager	John Washington Rogers CEO	$200.0M 2.14% of portfolio	3.60% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$9.4B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$131.6M 0.01% of portfolio	2.37% 851.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
C Capital World Investors Institution	-	$125.1M 0.02% of portfolio	2.25% 810.2K shares	Q4 2023 Held for 1y 11m	$730.00B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$104.0M 0.07% of portfolio	1.87% 673.3K shares	Q4 2022 Held for 2y 11m	$158.92B
Allspring Global Investments Holdings, LLC Long Only Manager	Francis Jon Baranko President	$90.9M 0.15% of portfolio	1.68% 605.1K shares	Q4 2021 Held for 3y 11m	$61.5B

Net Capital Flow

Institutional buying and selling activity for ATGE in Q3 2025

Traded: +$60.5M
Buyers: 207
Sellers: 195
Total Bought: +$480.9M
Total Sold: −$420.5M
Avg Position: $12.0M

Biggest Buyers

Institution	Net Bought	Current Position
Allspring Global Investments Holdings, LLC Long Only Manager	+$74.2M +494.1K shares	$90.9M 605.1K shares
F Fisher Asset Management, LLC Institution	+$36.4M +235.9K shares	$88.3M 571.5K shares
FRANKLIN RESOURCES INC Institution	+$35.2M +228.1K shares	$71.8M 465.1K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$32.5M +210.7K shares	$66.3M 429.0K shares
FMR LLC Institution	+$30.1M +194.7K shares	$222.3M 1.4M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$19.8M +128.1K shares	$39.4M 254.9K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$16.2M +105.0K shares	$44.4M 287.8K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$13.2M +85.4K shares	$40.2M 260.4K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$12.8M +82.6K shares	$63.7M 412.3K shares
M MACQUARIE GROUP LTD Institution	+$10.4M +67.1K shares	$10.4M 67.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$63.2M −409.3K shares	$286.3M 1.9M shares
GOLDMAN SACHS GROUP INC Institution	−$47.2M −305.8K shares	$31.8M 205.9K shares
Invesco Ltd. ETF Provider	−$17.9M −116.0K shares	$56.2M 364.0K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	−$15.7M −101.9K shares	$12.3M 80.0K shares
MORGAN STANLEY RIA/Wealth	−$14.8M −96.1K shares	$67.5M 437.1K shares
ARIEL INVESTMENTS, LLC Long Only Manager	−$12.5M −80.8K shares	$200.0M 1.3M shares
Trexquant Investment LP Hedge Fund•Quant	−$10.8M −84.7K shares	Sold Off 0 shares
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	−$10.4M −67.6K shares	$49.5M 320.5K shares
VANGUARD GROUP INC Institution	−$10.3M −66.4K shares	$670.1M 4.3M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$10.1M −65.5K shares	$17.6M 113.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ATGE in Q3 2025

New Positions: 40
New Value: $39.1M
Exited Positions: 47
Exited Value: $59.7M

New Positions

Institution	Position Value
RENAISSANCE GROUP LLC Long Only Manager	$9.2M 59.3K shares
Lansforsakringar Fondforvaltning AB Fund of Funds	$7.7M 49.7K shares
L Lingohr & Partner Asset Management GmbH Institution	$4.8M 31.0K shares
Vident Advisory, LLC ETF Provider	$4.5M 29.4K shares
Redhawk Wealth Advisors, Inc. RIA/Wealth	$2.1M 13.8K shares
Steel Peak Wealth Management LLC RIA/Wealth	$2.1M 13.3K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$926.5K 6.0K shares
Change Path, LLC RIA/Wealth	$862.4K 5.6K shares
Dana Investment Advisors, Inc. Long Only Manager	$771.2K 5.0K shares
TOTH FINANCIAL ADVISORY CORP RIA/Wealth	$708.2K 4.6K shares

Exited Positions

Institution	Previous Position
Trexquant Investment LP Hedge Fund•Quant	$10.8M 84.7K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$7.5M 59.0K shares
A AXA Institution	$7.2M 56.5K shares
EAM Global Investors LLC Long Only Manager	$6.5M 50.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.6M 27.9K shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	$3.5M 27.9K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$2.8M 22.1K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$2.1M 16.6K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	$1.7M 13.2K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$1.7M 13.0K shares

Options Activity

Institutions with the largest Call and Put options positions in ATGE as of Q3 2025

Call Positions: 6
Call Value: $5.0M
Put Positions: 5
Put Value: $5.0M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.4M 157.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.4M 93.0 contracts
W WOLVERINE TRADING, LLC Institution	$598.8K 39.0 contracts
J JANE STREET GROUP, LLC Institution	$447.9K 29.0 contracts
Walleye Trading LLC RIA/Wealth	$108.1K 7.0 contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.7M 111.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6M 104.0 contracts
W WOLVERINE TRADING, LLC Institution	$813.8K 53.0 contracts
Walleye Trading LLC RIA/Wealth	$494.2K 32.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$417.0K 27.0 contracts

Most Committed Institutions

Institutions with ATGE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
W WESTPORT ASSET MANAGEMENT INC Long Only Manager	Andrew John Knuth Chairman	8.15% $19.4M	0.35% 125.8K shares	Q4 2016 Held for 8y 11m	$238.3M
L Lingohr & Partner Asset Management GmbH Institution	-	5.50% $4.8M	0.09% 31.0K shares	Q3 2025 Held for 2 months	$87.0M
F FARLEY CAPITAL II L.P. Hedge Fund•Value	Evelyn Allende CCO	4.30% $5.7M	0.10% 36.8K shares	Q4 2019 Held for 5y 11m	$132.3M
KESTREL INVESTMENT MANAGEMENT CORP Hedge Fund•Event Driven	David J. Steirman President	4.29% $7.6M	0.14% 49.3K shares	Q2 2022 Held for 3y 5m	$177.4M
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	Brian David Poma CEO	4.05% $49.5M	0.89% 320.5K shares	Q2 2024 Held for 1y 5m	$1.2B
Peregrine Asset Advisers, Inc. RIA/Wealth	Daniel Stewart Botti President	3.40% $10.7M	0.19% 69.0K shares	Q2 2024 Held for 1y 5m	$313.8M
Phocas Financial Corp. Long Only Manager	William Franz Kim Schaff CEO	2.53% $19.5M	0.35% 126.4K shares	Q4 2023 Held for 1y 11m	$771.4M
ARIEL INVESTMENTS, LLC Long Only Manager	John Washington Rogers CEO	2.14% $200.0M	3.60% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$9.4B
Intrinsic Edge Capital Management LLC Hedge Fund•Multi-Strategy	Mark David Coe Managing Partner	1.73% $11.4M	0.20% 73.6K shares	Q3 2023 Held for 2y 2m	$658.6M
FORMULA GROWTH LTD Hedge Fund•Long/Short	Randall William Kelly President	1.42% $4.1M	0.07% 26.6K shares	Q4 2024 Held for 11 months	$288.3M

Hedge Fund Spotlight

Discover hedge funds investing in ATGE

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Adtalem Global Education Inc.

Market Value: $44.4M
Shares Held: 287.8K
Portfolio Weight: 0.07%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%