American Public Education, Inc.
MX ˙ BMV ˙ US02913V1035
SecurityMX:APEI / American Public Education, Inc.
InstitutionPanagora Asset Management Inc
Latest Disclosed Ownership121,215 shares
Latest Disclosed Value $ 6,894,709
Panagora Asset Management Inc reports 23.57% decrease in ownership of APEI / American Public Education, Inc.

On May 14, 2026 - Panagora Asset Management Inc filed a 13F-HR form disclosing ownership of 121,215 shares of American Public Education, Inc. (MX:APEI) valued at $6,894,709 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 158,603 shares of American Public Education, Inc.. This represents a change in shares of -23.57% 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)
2026-05-14 2026-03-31 13F AMERICAN PUB ED COM 02913V103 121,215 -37,388 -23.57 6,895 15.00 0.0258
2026-02-13 2025-12-31 13F AMERICAN PUB ED COM 02913V103 158,603 4,686 3.04 5,995 -1.32 0.0212
2025-11-13 2025-09-30 13F AMERICAN PUB ED COM 02913V103 153,917 25,273 19.65 6,075 55.05 0.0245
2025-08-13 2025-06-30 13F AMERICAN PUB ED COM 02913V103 128,644 63,083 96.22 3,918 167.81 0.0177
2025-05-15 2025-03-31 13F AMERICAN PUB ED COM 02913V103 65,561 33,045 101.63 1,463 108.70 0.0073
2025-02-13 2024-12-31 13F AMERICAN PUB ED COM 02913V103 32,516 -9 -0.03 701 46.35 0.0032
2024-11-13 2024-09-30 13F AMERICAN PUB ED COM 02913V103 32,525 5,476 20.24 480 0.84 0.0023
2024-07-29 2024-06-30 13F AMERICAN PUB ED COM 02913V103 27,049 27,049 476 0.0024
2021-11-10 2021-09-30 13F AMERICAN PUB ED COM 02913V103 0 -33,477 -100.00 0 -100.00
2021-08-11 2021-06-30 13F AMERICAN PUB ED COM 02913V103 33,477 395 1.19 949 -19.51 0.0051
2021-05-12 2021-03-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 33,082 -5,919 -15.18 1,179 -0.84 0.0066
2021-02-10 2020-12-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 39,001 28,447 269.54 1,189 298.99 0.0070
2020-11-13 2020-09-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 10,554 2,068 24.37 298 18.73 0.0019
2020-08-12 2020-06-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 8,486 -7,421 -46.65 251 -34.12 0.0016
2020-05-14 2020-03-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 15,907 -8,203 -34.02 381 -42.27 0.0027
2020-02-12 2019-12-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 24,110 -958 -3.82 660 17.86 0.0030
2019-11-12 2019-09-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 25,068 -30,197 -54.64 560 -65.75 0.0026
2019-08-09 2019-06-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 55,265 -50,043 -47.52 1,635 -48.46 0.0073
2019-05-15 2019-03-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 105,308 -28,003 -21.01 3,172 -16.39 0.0141
2019-02-14 2018-12-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 133,311 -27,323 -17.01 3,794 -28.54 0.0177
2018-11-13 2018-09-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 160,634 42,377 35.83 5,309 6.63 0.0200
2018-08-14 2018-06-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 118,257 118,257 4,979 0.0197
2017-11-14 2017-09-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 0 -860 -100.00 0 -100.00
2017-08-14 2017-06-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 860 860 20 0.0001
2017-05-15 2017-03-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 0 -2,931 -100.00 0 -100.00
2017-02-14 2016-12-31 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 2,931 -2,474 -45.77 72 -32.71 0.0003
2016-11-14 2016-09-30 13F AMERICAN PUBLIC EDUCATION COMMON 02913V103 5,405 5,405 107 0.0005
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.