American Public Education, Inc.
MX ˙ BMV ˙ US02913V1035
SecurityMX:APEI / American Public Education, Inc.
InstitutionDeutsche Bank Ag\
Latest Disclosed Ownership14,502 shares
Latest Disclosed Value $ 824,873
Deutsche Bank Ag\ reports 13.88% increase in ownership of APEI / American Public Education, Inc.

On May 6, 2026 - Deutsche Bank Ag\ filed a 13F-HR form disclosing ownership of 14,502 shares of American Public Education, Inc. (MX:APEI) valued at $824,873 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 12,734 shares of American Public Education, Inc.. This represents a change in shares of 13.88% 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)
2026-05-06 2026-03-31 13F AMERICAN PUB ED COM 02913V103 14,502 1,768 13.88 825 71.31 0.0003
2026-02-11 2025-12-31 13F AMERICAN PUB ED COM 02913V103 12,734 1,934 17.91 481 12.91 0.0002
2025-11-13 2025-09-30 13F AMERICAN PUB ED COM 02913V103 10,800 0 0.00 426 29.88 0.0001
2025-08-12 2025-06-30 13F AMERICAN PUB ED COM 02913V103 10,800 -1,819 -14.41 329 16.73 0.0001
2025-05-09 2025-03-31 13F AMERICAN PUB ED COM 02913V103 12,619 -1,497 -10.60 282 -7.57 0.0001
2025-06-30 2024-12-31 13F/A-1 AMERICAN PUB ED COM 02913V103 14,116 2,997 26.95 304 85.37 0.0001
2025-02-14 2024-12-31 13F AMERICAN PUB ED COM 02913V103 14,116 2,997 304 0.0001
2025-06-26 2024-09-30 13F/A-1 AMERICAN PUB ED COM 02913V103 11,119 2,720 32.38 164 11.56 0.0001
2024-11-13 2024-09-30 13F AMERICAN PUB ED COM 02913V103 11,119 2,720 164 0.0001
2025-06-12 2024-06-30 13F/A-1 AMERICAN PUB ED COM 02913V103 8,399 8,399 148 0.0001
2024-08-14 2024-06-30 13F AMERICAN PUB ED COM 02913V103 8,399 8,399 148 0.0001
2023-08-14 2023-06-30 13F AMERICAN PUB ED COM 02913V103 0 -11,178 -100.00 0 -100.00
2023-05-15 2023-03-31 13F AMERICAN PUB ED COM 02913V103 11,178 3,480 45.21 61 -36.17 0.0000
2023-02-13 2022-12-31 13F AMERICAN PUB ED COM 02913V103 7,698 124 1.64 95 36.23 0.0001
2022-11-14 2022-09-30 13F AMERICAN PUB ED COM 02913V103 7,574 -1,519 -16.71 69 -53.06 0.0000
2022-08-11 2022-06-30 13F AMERICAN PUB ED COM 02913V103 9,093 -1,311 -12.60 147 -33.18 0.0001
2022-05-13 2022-03-31 13F AMERICAN PUB ED COM 02913V103 10,404 -1,152 -9.97 220 -14.40 0.0001
2022-02-16 2021-12-31 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 11,556 -100 -0.86 257 -14.05 0.0001
2022-02-11 2021-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 11,556 -100 257 0.0000
2021-11-04 2021-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 11,656 340 3.00 299 -6.56 0.0001
2021-08-11 2021-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 11,316 1,798 18.89 320 -5.60 0.0002
2021-05-13 2021-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 9,518 -603 -5.96 339 10.06 0.0002
2021-02-16 2020-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 10,121 2,778 37.83 308 48.79 0.0002
2020-11-12 2020-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 7,343 702 10.57 207 5.08 0.0001
2020-08-13 2020-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 6,641 -60,095 -90.05 197 -87.66 0.0001
2020-05-14 2020-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 66,736 -20,161 -23.20 1,597 -32.87 0.0014
2020-02-14 2019-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 86,897 70,089 417.00 2,379 536.10 0.0016
2019-11-14 2019-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 16,808 4,638 38.11 374 4.47 0.0003
2019-08-14 2019-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 12,170 -20,055 -62.23 358 -63.05 0.0002
2019-05-15 2019-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 32,225 -27,564 -46.10 969 -43.00 0.0006
2019-04-01 2018-12-31 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 59,789 -147,487 -71.15 1,700 -75.18 0.0012
2019-02-14 2018-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 59,789 26,671 1,700
2021-12-21 2018-09-30 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 207,276 -113,415 -35.37 6,850 -49.27 0.0035
2018-11-14 2018-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 33,118 -287,573 1,094 0.0008
2020-04-21 2018-06-30 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 320,691 189,559 144.56 13,502 139.52 0.0067
2018-08-14 2018-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 122,690 -8,442 5,162 3,428.5875
2019-10-23 2018-03-31 13F/A-2 AMERICAN PUBLIC EDUCATION IN COM 02913V103 131,132 46,429 54.81 5,637 165.90 0.0027
2019-10-18 2018-03-31 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 131,132 0 5,637 0.0027
2018-05-15 2018-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 92,041 7,338 3,956
2018-02-14 2017-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 84,703 66,759 372.04 2,120 465.33 0.0014
2017-11-14 2017-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 17,944 -120 -0.66 375 -12.18 0.0003
2017-08-11 2017-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 18,064 12,890 249.13 427 268.10 0.0003
2017-05-15 2017-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 5,174 -5,537 -51.69 116 -55.73 0.0001
2017-02-14 2016-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 10,711 -33,007 -75.50 262 -69.68 0.0002
2016-11-14 2016-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 43,718 13,614 45.22 864 2.37 0.0006
2016-08-15 2016-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 30,104 -13,271 -30.60 844 -5.38 0.0006
2016-05-16 2016-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 43,375 2,284 5.56 892 17.06 0.0007
2016-02-16 2015-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 41,091 -6,712 -14.04 762 -31.90 0.0005
2015-11-17 2015-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 47,803 8,137 20.51 1,119 9.92 0.0009
2015-08-12 2015-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 39,666 3,522 9.74 1,018 -5.91 0.0006
2015-05-15 2015-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 36,144 -3,940 -9.83 1,082 -26.74 0.0007
2015-02-13 2014-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 40,084 -27,409 -40.61 1,477 -18.85 0.0009
2014-11-14 2014-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 67,493 36,280 116.23 1,820 69.93 0.0011
2014-08-15 2014-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 31,213 17,532 128.15 1,071 123.59 0.0007
2014-05-15 2014-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 13,681 -7,010 -33.88 479 -46.72 0.0003
2014-02-24 2013-12-31 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 20,691 -22,764 -52.39 899 -45.22 0.0006
2014-02-18 2013-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 20,691 899
2013-11-18 2013-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 43,455 43,455 1,641 0.0012
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.