American Public Education, Inc.
MX ˙ BMV ˙ US02913V1035
SecurityMX:APEI / American Public Education, Inc.
InstitutionRoyce & Associates Lp
ManagerChuck Royce
Latest Disclosed Ownership326,443 shares
Latest Disclosed Value $ 18,568,078
Royce & Associates Lp reports 8.95% decrease in ownership of APEI / American Public Education, Inc.

On May 12, 2026 - Royce & Associates Lp filed a 13F-HR form disclosing ownership of 326,443 shares of American Public Education, Inc. (MX:APEI) valued at $18,568,078 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 358,543 shares of American Public Education, Inc.. This represents a change in shares of -8.95% 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)
2026-05-12 2026-03-31 13F AMERICAN PUB ED COM 02913V103 326,443 -32,100 -8.95 18,568 37.01 0.1833
2026-02-09 2025-12-31 13F AMERICAN PUB ED COM 02913V103 358,543 34,751 10.73 13,553 6.04 0.1374
2025-11-12 2025-09-30 13F AMERICAN PUB ED COM 02913V103 323,792 1,338 0.41 12,780 30.13 0.1274
2025-08-11 2025-06-30 13F AMERICAN PUB ED COM 02913V103 322,454 84,160 35.32 9,822 84.67 0.1008
2025-05-06 2025-03-31 13F AMERICAN PUB ED COM 02913V103 238,294 238,294 5,319 0.0577
2022-11-03 2022-09-30 13F AMERICAN PUB ED COM 02913V103 0 -649,714 -100.00 0 -100.00
2022-08-04 2022-06-30 13F AMERICAN PUB ED COM 02913V103 649,714 -112,531 -14.76 10,499 -35.15 0.1081
2022-05-05 2022-03-31 13F AMERICAN PUB ED COM 02913V103 762,245 19,306 2.60 16,190 -2.06 0.1375
2022-02-07 2021-12-31 13F AMERICAN PUB ED COM 02913V103 742,939 29,350 4.11 16,530 -9.55 0.1235
2021-11-10 2021-09-30 13F AMERICAN PUB ED COM 02913V103 713,589 259 0.04 18,275 -9.60 0.1367
2021-08-06 2021-06-30 13F AMERICAN PUB ED COM 02913V103 713,330 156,383 28.08 20,216 1.87 0.1389
2021-05-10 2021-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 556,947 535,581 2,506.70 19,844 2,948.23 0.1334
2021-02-08 2020-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 21,366 -127 -0.59 651 7.43 0.0054
2020-11-12 2020-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 21,493 165 0.77 606 -3.96 0.0065
2020-08-07 2020-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 21,328 -598 -2.73 631 20.19 0.0070
2020-05-12 2020-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 21,926 533 2.49 525 -10.41 0.0072
2020-02-06 2019-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 21,393 -1,993 -8.52 586 12.26 0.0052
2019-11-13 2019-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 23,386 8,739 59.66 522 20.55 0.0048
2019-08-12 2019-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 14,647 5,730 64.26 433 60.97 0.0039
2019-05-09 2019-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 8,917 8,184 1,116.51 269 1,180.95 0.0023
2019-02-11 2018-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 733 -36 -4.68 21 -16.00 0.0002
2018-11-13 2018-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 769 769 25 0.0002
2018-08-09 2018-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 0 -87,296 -100.00 0 -100.00
2018-05-14 2018-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 87,296 -28,657 -24.71 3,754 29.23 0.0263
2018-02-09 2017-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 115,953 -90 -0.08 2,905 18.91 0.0193
2017-11-13 2017-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 116,043 443 0.38 2,443 -10.64 0.0162
2017-08-07 2017-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 115,600 0 0.00 2,734 3.29 0.0181
2017-05-11 2017-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 115,600 0 0.00 2,647 -6.73 0.0173
2017-02-10 2016-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 115,600 0 0.00 2,838 23.93 0.0182
2016-11-14 2016-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 115,600 -60 -0.05 2,290 -29.54 0.0151
2016-08-08 2016-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 115,660 -159,800 -58.01 3,250 -42.81 0.0215
2016-05-11 2016-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 275,460 -2,000 -0.72 5,683 10.05 0.0359
2016-02-09 2015-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 277,460 -1,000 -0.36 5,164 -20.92 0.0308
2015-11-12 2015-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 278,460 -76,600 -21.57 6,530 -28.49 0.0346
2015-08-10 2015-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 355,060 -101,040 -22.15 9,132 -33.22 0.0386
2015-05-13 2015-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 456,100 -87,900 -16.16 13,674 -31.82 0.0517
2015-02-09 2014-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 544,000 94,500 21.02 20,057 65.32 0.0696
2014-11-12 2014-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 449,500 94,900 26.76 12,132 -0.48 0.0410
2014-08-11 2014-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 354,600 20,000 5.98 12,191 3.86 0.0363
2014-05-12 2014-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 334,600 2,600 0.78 11,738 -18.67 0.0347
2014-02-10 2013-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 332,000 -400 -0.12 14,432 14.86 0.0414
2013-11-12 2013-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 332,400 54,400 19.57 12,565 21.64 0.0374
2013-08-07 2013-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 278,000 278,000 10,330 0.0319
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.