American Public Education, Inc.
MX ˙ BMV ˙ US02913V1035
SecurityMX:APEI / American Public Education, Inc.
Institution325 Capital Llc
Latest Disclosed Ownership2,164,438 shares
Ownership 12.20%
325 Capital Llc ownership in APEI / American Public Education, Inc.

2024-08-21 - 325 Capital Llc has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,164,438 shares of American Public Education, Inc. (MX:APEI). This represents 12.2 percent ownership of the company. In their previous filing dated 2024-08-14 , 325 Capital Llc had reported owning 1,915,882 shares, indicating an increase of 12.97 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2024-08-21 2024-08-21 13D/A 1,915,882 2,164,438 12.97 12.20 12.96
2024-08-14 2024-08-14 13D/A 1,271,078 1,915,882 50.73 10.80 50.00
2023-05-18 2023-05-18 13D/A 1,170,834 1,271,078 8.56 7.20 18.03
2023-03-31 2023-03-31 13D 1,170,834 6.10

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F AMERICAN PUB ED COM 02913V103 1,183,732 -344,771 -22.56 67,331 16.53 24.5295
2026-02-17 2025-12-31 13F AMERICAN PUB ED COM 02913V103 1,528,503 0 0.00 57,777 -4.23 20.2436
2025-11-14 2025-09-30 13F AMERICAN PUB ED COM 02913V103 1,528,503 0 0.00 60,330 29.58 18.3324
2025-08-14 2025-06-30 13F AMERICAN PUB ED COM 02913V103 1,528,503 -741,605 -32.67 46,558 -8.11 18.3776
2025-05-15 2025-03-31 13F AMERICAN PUB ED COM 02913V103 2,270,108 0 0.00 50,669 3.48 20.9860
2025-02-14 2024-12-31 13F AMERICAN PUB ED COM 02913V103 2,270,108 0 0.00 48,966 46.24 18.9289
2024-11-14 2024-09-30 13F AMERICAN PUB ED COM 02913V103 2,270,108 986,824 76.90 33,484 48.42 14.1769
2024-08-14 2024-06-30 13F AMERICAN PUB ED COM 02913V103 1,283,284 0 0.00 22,560 23.81 9.4753
2024-05-15 2024-03-31 13F AMERICAN PUB ED COM 02913V103 1,283,284 0 0.00 18,223 47.15 8.4145
2024-02-14 2023-12-31 13F AMERICAN PUB ED COM 02913V103 1,283,284 0 0.00 12,384 93.79 6.1361
2023-11-14 2023-09-30 13F AMERICAN PUB ED COM 02913V103 1,283,284 0 0.00 6,391 5.06 5.2726
2023-08-14 2023-06-30 13F AMERICAN PUB ED COM 02913V103 1,283,284 114,855 9.83 6,083 -3.95 4.0086
2023-05-15 2023-03-31 13F AMERICAN PUB ED COM 02913V103 1,168,429 229,901 24.50 6,333 -45.10 5.5342
2023-02-14 2022-12-31 13F AMERICAN PUB ED COM 02913V103 938,528 0 0.00 11,535 34.46 12.4918
2022-11-14 2022-09-30 13F AMERICAN PUB ED COM 02913V103 938,528 0 0.00 8,578 -43.44 10.0118
2022-08-15 2022-06-30 13F AMERICAN PUB ED COM 02913V103 938,528 0 0.00 15,167 -23.91 14.0684
2022-05-16 2022-03-31 13F AMERICAN PUB ED COM 02913V103 938,528 355,861 61.07 19,934 53.76 15.1256
2022-02-14 2021-12-31 13F AMERICAN PUB ED COM 02913V103 582,667 582,667 12,964 12.7294
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.