American Public Education, Inc.
MX ˙ BMV ˙ US02913V1035
SecurityMX:APEI / American Public Education, Inc.
InstitutionBridgeway Capital Management Inc
Latest Disclosed Ownership112,996 shares
Latest Disclosed Value $ 6,427,212
Bridgeway Capital Management Inc reports 54.94% decrease in ownership of APEI / American Public Education, Inc.

On May 15, 2026 - Bridgeway Capital Management Inc filed a 13F-HR form disclosing ownership of 112,996 shares of American Public Education, Inc. (MX:APEI) valued at $6,427,212 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 250,764 shares of American Public Education, Inc.. This represents a change in shares of -54.94% during the quarter.

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 112,996 -137,768 -54.94 6,427 -32.19 0.1293
2026-02-17 2025-12-31 13F AMERICAN PUB ED COM 02913V103 250,764 -33,293 -11.72 9,479 -15.46 0.1987
2025-11-14 2025-09-30 13F AMERICAN PUB ED COM 02913V103 284,057 -2,256 -0.79 11,212 28.55 0.2392
2025-08-14 2025-06-30 13F AMERICAN PUB ED COM 02913V103 286,313 111,026 63.34 8,721 122.93 0.2070
2025-05-15 2025-03-31 13F AMERICAN PUB ED COM 02913V103 175,287 -34,329 -16.38 3,912 -13.47 0.0985
2025-02-14 2024-12-31 13F AMERICAN PUB ED COM 02913V103 209,616 4,324 2.11 4,521 49.31 0.1011
2024-11-14 2024-09-30 13F AMERICAN PUB ED COM 02913V103 205,292 -14,012 -6.39 3,028 -21.45 0.0655
2024-08-14 2024-06-30 13F AMERICAN PUB ED COM 02913V103 219,304 25,712 13.28 3,855 40.23 0.0902
2024-05-15 2024-03-31 13F AMERICAN PUB ED COM 02913V103 193,592 88,984 85.06 2,749 172.45 0.0562
2024-02-14 2023-12-31 13F AMERICAN PUB ED COM 02913V103 104,608 35,008 50.30 1,009 191.62 0.0217
2023-11-14 2023-09-30 13F AMERICAN PUB ED COM 02913V103 69,600 0 0.00 347 5.17 0.0084
2023-08-14 2023-06-30 13F AMERICAN PUB ED COM 02913V103 69,600 -44,500 -39.00 330 -46.76 0.0079
2023-05-15 2023-03-31 13F AMERICAN PUB ED COM 02913V103 114,100 9,100 8.67 618 -52.09 0.0164
2023-02-14 2022-12-31 13F AMERICAN PUB ED COM 02913V103 105,000 65,500 165.82 1,290 257.34 0.0334
2022-11-14 2022-09-30 13F AMERICAN PUB ED COM 02913V103 39,500 39,500 361 0.0097
2022-05-16 2022-03-31 13F AMERICAN PUB ED COM 02913V103 0 -70,300 -100.00 0 -100.00
2022-02-14 2021-12-31 13F AMERICAN PUB ED COM 02913V103 70,300 0 0.00 1,564 -13.11 0.0291
2021-11-15 2021-09-30 13F AMERICAN PUB ED COM 02913V103 70,300 0 0.00 1,800 -9.64 0.0344
2021-08-16 2021-06-30 13F AMERICAN PUB ED COM 02913V103 70,300 0 0.00 1,992 -20.48 0.0356
2021-05-17 2021-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 70,300 -25,000 -26.23 2,505 -13.77 0.0468
2021-02-16 2020-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 95,300 0 0.00 2,905 8.11 0.0614
2020-11-16 2020-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 95,300 0 0.00 2,687 -4.75 0.0616
2020-08-31 2020-06-30 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 95,300 0 0.00 2,821 23.67 0.0570
2020-08-14 2020-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 95,300 0 2,821 57,692.5948
2020-05-15 2020-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 95,300 0 0.00 2,281 -12.61 0.0522
2020-02-14 2019-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 95,300 0 0.00 2,610 22.59 0.0351
2019-11-14 2019-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 95,300 30,000 45.94 2,129 10.20 0.0294
2019-08-14 2019-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 65,300 0 0.00 1,932 -1.78 0.0247
2019-05-15 2019-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 65,300 0 0.00 1,967 5.87 0.0245
2019-02-14 2018-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 65,300 0 0.00 1,858 -13.90 0.0247
2018-11-13 2018-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 65,300 0 0.00 2,158 -21.50 0.0210
2018-08-14 2018-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 65,300 0 0.00 2,749 -2.10 0.0279
2018-05-15 2018-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 65,300 4,800 7.93 2,808 85.22 0.0302
2018-02-14 2017-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 60,500 0 0.00 1,516 19.00 0.0163
2017-11-14 2017-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 60,500 0 0.00 1,274 -10.97 0.0145
2017-08-14 2017-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 60,500 0 0.00 1,431 3.32 0.0172
2017-05-15 2017-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 60,500 37,500 163.04 1,385 145.13 0.0168
2017-02-14 2016-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 23,000 5,000 27.78 565 58.26 0.0074
2016-11-14 2016-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 18,000 0 0.00 357 -29.45 0.0053
2016-08-15 2016-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 18,000 0 0.00 506 36.39 0.0078
2016-05-16 2016-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 18,000 0 0.00 371 10.75 0.0062
2016-02-16 2015-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 18,000 0 0.00 335 -20.62 0.0062
2015-11-16 2015-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 18,000 18,000 422 0.0088
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.