Grand Canyon Education

LOPE • NASDAQ

Grand Canyon Education is a education & training services company in the consumer defensive sector on NASDAQ, led by Brian E. Mueller, with a market cap of $4.4B. As of Q3 2025, 95% of shares are held by 477 institutional investors, with BlackRock, Inc. as the largest holder at 10.04%.

DirectorBrian E. Mueller

Market Cap$4.4B

Education & Training Services

Consumer Defensive

Employees7.5K

Websitegcu.edu

Country

United States of America

Overview

Overview of institutional ownership in LOPE as of Q3 2025 with a market cap of $6.2B

All Institutions

Institutions: 477
Value Held: $5.8B
Shares Held: 26.7M
Avg Position: $12.2M
Median Position: $824.5K

Hedge Funds

Hedge Funds: 48
Value Held: $611.8M
Shares Held: 2.8M
Avg Position: $12.7M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

84.7%

$5.2B

Hedge Funds

9.92%

$611.8M

Retail & Other

5.38%

$331.7M

Based on market cap of $6.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LOPE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$619.2M 0.01% of portfolio	10.04% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$615.4M 0.01% of portfolio	9.98% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$287.1M 0.01% of portfolio	4.66% 1.3M shares	Q4 2015 Held for 9y 11m	$1.92T
RIVERBRIDGE PARTNERS LLC Long Only Manager	Mark Albright Thompson Chairman	$209.2M 3.55% of portfolio	3.39% 953.1K shares	≤ Q2 2013 Held for 12y 5m+	$5.9B
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	$197.0M 1.86% of portfolio	3.48% 977.4K shares	Q1 2019 Held for 6y 8m	$10.6B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$191.9M 0.01% of portfolio	3.11% 874.2K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$144.4M 0.02% of portfolio	2.34% 657.6K shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
GANNETT WELSH & KOTLER Long Only Manager	Thomas F X Powers CEO	$139.9M 1.25% of portfolio	2.27% 637.2K shares	≤ Q2 2013 Held for 12y 5m+	$11.2B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$137.4M 0.03% of portfolio	2.23% 626.1K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$121.7M 0.02% of portfolio	1.97% 554.2K shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for LOPE in Q3 2025

Traded: +$9.2M
Buyers: 215
Sellers: 253
Total Bought: +$452.5M
Total Sold: −$443.4M
Avg Position: $11.0M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$68.1M +310.3K shares	$144.4M 657.6K shares
FMR LLC Institution	+$41.4M +188.6K shares	$287.1M 1.3M shares
GOLDMAN SACHS GROUP INC Institution	+$38.6M +175.7K shares	$67.2M 306.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$27.4M +124.8K shares	$62.3M 283.7K shares
P Pacer Advisors, Inc. Institution	+$26.6M +121.1K shares	$27.7M 126.0K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$24.8M +113.2K shares	$38.6M 176.0K shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	+$14.3M +65.3K shares	$22.9M 104.5K shares
N Neuberger Berman Group LLC Institution	+$13.2M +59.9K shares	$22.9M 104.3K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$11.5M +52.2K shares	$82.8M 377.1K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$10.8M +49.2K shares	$32.7M 149.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
RIVERBRIDGE PARTNERS LLC Long Only Manager	−$33.2M −151.1K shares	$209.2M 953.1K shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	−$22.5M −102.7K shares	$66.9M 304.6K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$22.1M −101.5K shares	$108.1M 496.1K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$19.9M −105.4K shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$16.6M −87.8K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$15.7M −71.5K shares	$56.8M 258.8K shares
J JANE STREET GROUP, LLC Institution	−$13.7M −62.3K shares	$4.2M 19.0K shares
REINHART MAHONEY CAPITAL MANAGEMENT INC Long Only Manager	−$13.6M −61.8K shares	$48.4M 220.5K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	−$12.1M −55.2K shares	$44.7M 203.4K shares
GANNETT WELSH & KOTLER Long Only Manager	−$12.1M −55.2K shares	$139.9M 637.2K shares

Entry and Exit Activity

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

New Positions: 35
New Value: $20.4M
Exited Positions: 53
Exited Value: $75.6M

New Positions

Institution	Position Value
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	$5.0M 22.7K shares
Voleon Capital Management LP Hedge Fund•Quant	$3.3M 15.1K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$2.6M 11.8K shares
AZZAD ASSET MANAGEMENT INC /ADV RIA/Wealth	$2.0M 9.3K shares
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	$945.0K 4.3K shares
Numerai GP LLC Hedge Fund•Quant	$905.7K 4.1K shares
Precision Wealth Strategies, LLC RIA/Wealth	$839.7K 3.8K shares
P Perbak Capital Partners LLP Institution	$686.7K 3.1K shares
M Maxi Investments CY Ltd Institution	$515.9K 2.4K shares
Kovitz Investment Group Partners, LLC RIA/Wealth	$365.5K 1.7K shares

Exited Positions

Institution	Previous Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$19.9M 105.4K shares
C Cubist Systematic Strategies, LLC Institution	$16.6M 87.8K shares
4D Advisors, LLC Hedge Fund•Long/Short	$4.3M 22.5K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$4.1M 21.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.1M 21.5K shares
EAM Global Investors LLC Long Only Manager	$3.6M 19.1K shares
EAM Investors, LLC Long Only Manager	$3.5M 18.7K shares
AH Lisanti Capital Growth, LLC Long Only Manager	$2.3M 12.2K shares
D Dynamic Technology Lab Private Ltd Institution	$1.2M 6.3K shares
P PEAK6 LLC Institution	$1.1M 5.6K shares

Options Activity

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

Call Positions: 8
Call Value: $22.2M
Put Positions: 5
Put Value: $4.6M

Call Positions

Institution	Position Value
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$19.1M 870.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.3M 59.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.3M 57.0 contracts
Walleye Trading LLC RIA/Wealth	$241.5K 11.0 contracts
J JANE STREET GROUP, LLC Institution	$241.5K 11.0 contracts
Toroso Investments, LLC ETF Provider	$109.8K 5.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.3M 198.0 contracts
Walleye Trading LLC RIA/Wealth	$241.5K 11.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P Prospect Capital Advisors, LLC Hedge Fund•Long/Short	Daniel William Mendoza Managing Partner	7.98% $15.4M	0.25% 70.2K shares	Q4 2015 Held for 9y 11m	$193.0M
C CROWN ADVISORS MANAGEMENT, INC. Hedge Fund•Long/Short	Robert Scott Fearon President	5.14% $7.7M	0.12% 35.0K shares	Q4 2017 Held for 7y 11m	$149.5M
RIVERBRIDGE PARTNERS LLC Long Only Manager	Mark Albright Thompson Chairman	3.55% $209.2M	3.39% 953.1K shares	≤ Q2 2013 Held for 12y 5m+	$5.9B
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	3.26% $114.9M	1.86% 523.3K shares	≤ Q2 2013 Held for 12y 5m+	$3.5B
Sovereign's Capital Management, LLC Private Equity	Thomsen Paul Jacob Managing Partner	2.77% $5.1M	0.08% 23.2K shares	Q4 2024 Held for 11 months	$184.3M
Riverwater Partners LLC RIA/Wealth	Adam Jonathan Peck CIO	2.75% $6.6M	0.11% 30.2K shares	Q4 2021 Held for 3y 11m	$240.9M
F FIRST SABREPOINT CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	George Hiland Baxter Managing Partner	2.66% $6.6M	0.11% 30.0K shares	Q3 2024 Held for 1y 2m	$247.7M
B Boxwood Ventures, Inc. Institution	-	2.52% $2.3M	0.04% 10.3K shares	Q4 2022 Held for 2y 11m	$89.8M
Foresight Group Ltd Liability Partnership Real Assets	FORESIGHT WAE HYDROGEN TECHNOLOGY GENERAL PARTNER LLP Related Person	2.20% $14.7M	0.24% 67.1K shares	Q1 2025 Held for 8 months	$669.9M
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	1.86% $197.0M	3.48% 977.4K shares	Q1 2019 Held for 6y 8m	$10.6B

Hedge Fund Spotlight

Discover hedge funds investing in LOPE

Bridgewater Associates, LP

Hedge Fund • Global Macro

Portfolio ManagerNir Bar Dea

Portfolio Value: $25.5B
Positions: 1,015
Last Reported: Q3 2025

Sector Allocation

Position in Grand Canyon Education

Market Value: $9.6M
Shares Held: 43.8K
Portfolio Weight: 0.04%
Owned Since: 2020-Q3

Top Holding	Sector	Market Value	Weight
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3 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$645.2M	2.53%