Strategic Education, Inc.

STRA • NASDAQ

Strategic Education, Inc. is a education & training services company in the consumer defensive sector on NASDAQ, led by Karl McDonnell, with a market cap of $1.9B. As of Q3 2025, 91% of shares are held by 260 institutional investors, with BlackRock, Inc. as the largest holder at 14.62%.

Chief Executive OfficerKarl McDonnell

Market Cap$1.9B

Education & Training Services

Consumer Defensive

Employees3.8K

Websitestrategiceducation.com

Country

United States of America

Overview

Overview of institutional ownership in STRA as of Q3 2025 with a market cap of $2.1B

All Institutions

Institutions: 260
Value Held: $1.9B
Shares Held: 21.9M
Avg Position: $7.2M
Median Position: $511.1K

Hedge Funds

Hedge Funds: 29
Value Held: $128.7M
Shares Held: 1.5M
Avg Position: $4.4M
Median Position: $828.1K

Ownership Breakdown

Institutional (non-HF)

84.9%

$1.7B

Hedge Funds

6.26%

$128.7M

Retail & Other

8.84%

$181.7M

Based on market cap of $2.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in STRA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$300.6M 0.01% of portfolio	14.62% 3.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$224.3M 0.00% of portfolio	10.91% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$148.8M 0.09% of portfolio	7.24% 1.7M shares	Q3 2022 Held for 3y 2m	$161.58B
MARSHFIELD ASSOCIATES Long Only Manager	Jarron Hampton Smith COO	$136.4M 2.36% of portfolio	6.63% 1.6M shares	Q3 2014 Held for 11y 2m	$5.8B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$124.7M 0.03% of portfolio	6.07% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	$123.4M 1.16% of portfolio	6.34% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$10.6B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$75.2M 0.00% of portfolio	3.66% 874.4K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
R ROYAL BANK OF CANADA Institution	-	$56.5M 0.01% of portfolio	2.75% 657.4K shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$52.3M 0.00% of portfolio	2.54% 607.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
K KEMPEN CAPITAL MANAGEMENT N.V. Institution	-	$39.5M 0.35% of portfolio	1.92% 459.6K shares	Q3 2018 Held for 7y 2m	$11.2B

Net Capital Flow

Institutional buying and selling activity for STRA in Q3 2025

Traded: −$31.5M
Buyers: 112
Sellers: 138
Total Bought: +$96.8M
Total Sold: −$128.3M
Avg Position: $6.4M

Biggest Buyers

Institution	Net Bought	Current Position
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$13.4M +156.3K shares	$148.8M 1.7M shares
L Lightrock Netherlands B.V. Institution	+$10.5M +142.9K shares	$17.2M 234.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$10.0M +115.8K shares	$18.6M 216.1K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$8.7M +101.2K shares	$8.9M 103.7K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$7.3M +84.6K shares	$8.0M 92.7K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$6.1M +70.7K shares	$28.6M 332.8K shares
UBS Group AG Institution	+$3.8M +44.3K shares	$7.0M 81.6K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$3.4M +40.1K shares	$3.8M 44.2K shares
GOLDMAN SACHS GROUP INC Institution	+$3.3M +38.2K shares	$11.9M 138.8K shares
Vident Advisory, LLC ETF Provider	+$2.2M +25.6K shares	$2.2M 25.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
MARSHFIELD ASSOCIATES Long Only Manager	−$19.3M −224.5K shares	$136.4M 1.6M shares
JPMORGAN CHASE & CO Institution	−$10.4M −120.8K shares	$6.5M 75.7K shares
B BlackRock, Inc. Institution	−$8.8M −102.0K shares	$300.6M 3.5M shares
C Cubist Systematic Strategies, LLC Institution	−$7.0M −81.2K shares	$2.7M 31.7K shares
GREAT LAKES ADVISORS, LLC Long Only Manager	−$6.5M −76.9K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$5.7M −66.2K shares	$24.1M 279.9K shares
N Nuveen, LLC Institution	−$5.3M −62.0K shares	$25.4M 295.9K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$5.0M −59.2K shares	Sold Off 0 shares
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	−$4.5M −52.8K shares	$1.4M 15.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$3.9M −44.9K shares	$7.0M 81.1K shares

Entry and Exit Activity

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

New Positions: 22
New Value: $6.1M
Exited Positions: 30
Exited Value: $23.0M

New Positions

Institution	Position Value
Vident Advisory, LLC ETF Provider	$2.2M 25.6K shares
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	$828.1K 9.6K shares
Numerai GP LLC Hedge Fund•Quant	$722.7K 8.4K shares
SRS Capital Advisors, Inc. RIA/Wealth	$622.9K 7.2K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$397.9K 4.6K shares
Aristides Capital LLC Real Assets	$292.6K 3.4K shares
FRANKLIN RESOURCES INC Institution	$222.2K 2.6K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$215.0K 2.5K shares
D DRW Securities, LLC Institution	$209.4K 2.4K shares
Integrated Wealth Concepts LLC RIA/Wealth	$207.0K 2.4K shares

Exited Positions

Institution	Previous Position
GREAT LAKES ADVISORS, LLC Long Only Manager	$6.5M 76.9K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$5.0M 59.2K shares
LEUTHOLD WEEDEN CAPITAL MANAGEMENT Long Only Manager	$3.5M 41.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.5M 17.2K shares
Engineers Gate Manager LP Hedge Fund•Quant	$1.3M 15.6K shares
Wakefield Asset Management LLLP RIA/Wealth	$1.1M 12.6K shares
D Dynamic Technology Lab Private Ltd Institution	$611.5K 7.2K shares
Gotham Asset Management, LLC Hedge Fund•Long/Short	$553.1K 6.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$525.4K 6.2K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$455.4K 5.3K shares

Options Activity

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

Call Positions: 4
Call Value: $404.2K
Put Positions: 2
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$404.2K 47.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
L Lightrock Netherlands B.V. Institution	-	4.49% $17.2M	0.98% 234.7K shares	Q4 2024 Held for 11 months	$382.4M
MARSHFIELD ASSOCIATES Long Only Manager	Jarron Hampton Smith COO	2.36% $136.4M	6.63% 1.6M shares	Q3 2014 Held for 11y 2m	$5.8B
T Triodos Investment Management BV Institution	-	1.37% $18.9M	0.92% 220.0K shares	Q4 2020 Held for 4y 11m	$1.4B
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	1.16% $123.4M	6.34% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$10.6B
T Tikvah Management LLC Institution	-	0.80% $2.7M	0.13% 30.9K shares	Q3 2018 Held for 7y 2m	$330.6M
B Bastion Asset Management Inc. Institution	-	0.68% $1.2M	0.06% 14.0K shares	Q4 2024 Held for 11 months	$173.7M
ClearAlpha Technologies LP Hedge Fund•Multi-Strategy	Brian Keith Hurst CEO	0.61% $224.3K	0.01% 2.6K shares	Q1 2025 Held for 8 months	$36.9M
E EntryPoint Capital, LLC Hedge Fund•Long/Short	Lawrence Edward Leibowitz CEO	0.58% $1.5M	0.07% 17.3K shares	Q3 2024 Held for 1y 2m	$258.4M
K KEMPEN CAPITAL MANAGEMENT N.V. Institution	-	0.35% $39.5M	1.92% 459.6K shares	Q3 2018 Held for 7y 2m	$11.2B
MSH Capital Advisors LLC RIA/Wealth	Katrina Patricia Santamaria CEO	0.26% $973.1K	0.05% 11.3K shares	Q4 2021 Held for 3y 11m	$371.2M

Hedge Fund Spotlight

Discover hedge funds investing in STRA

Freestone Grove Partners LP

Hedge Fund • Multi-Strategy

Portfolio ManagerTodd Keefe Barker

Portfolio Value: $13.5B
Positions: 680
Last Reported: Q3 2025

Sector Allocation

Position in Strategic Education, Inc.

Market Value: $527.6K
Shares Held: 6.1K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Vanguard S&P 500 ETF VOO	ETF ETF	$828.1M	6.16%
2 iShares Core S&P 500 ETF IVV	ETF ETF	$201.2M	1.50%
3 Weyerhaeuser WY	REIT - Specialty Real Estate	$166.0M	1.23%