Strategic Education, Inc.
US ˙ NasdaqGS ˙ US86272C1036

SecuritySTRA / Strategic Education, Inc.
InstitutionSystematic Financial Management Lp
Latest Disclosed Ownership44,260 shares
Latest Disclosed Value $ 3,671,810
Systematic Financial Management Lp reports 25.76% increase in ownership of STRA / Strategic Education, Inc.

On May 13, 2026 - Systematic Financial Management Lp filed a 13F-HR form disclosing ownership of 44,260 shares of Strategic Education, Inc. (US:STRA) valued at $3,671,810 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 35,195 shares of Strategic Education, Inc.. This represents a change in shares of 25.76% during the quarter. The current value of the position is $3,610,731 USD.

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)
2026-05-13 2026-03-31 13F Strategic Education COM 86272C103 44,260 9,065 25.76 3,672 30.09 0.0842
2026-02-09 2025-12-31 13F Strategic Education COM 86272C103 35,195 4,365 14.16 2,823 6.45 0.0665
2025-11-13 2025-09-30 13F Strategic Education COM 86272C103 30,830 10 0.03 2,652 1.07 0.0645
2025-08-13 2025-06-30 13F Strategic Education COM 86272C103 30,820 0 0.00 2,624 1.39 0.0700
2025-05-14 2025-03-31 13F Strategic Education COM 86272C103 30,820 0 0.00 2,588 -10.14 0.0737
2025-02-14 2024-12-31 13F Strategic Education COM 86272C103 30,820 7,340 31.26 2,879 32.49 0.0733
2024-11-14 2024-09-30 13F Strategic Education COM 86272C103 23,480 -680 -2.81 2,173 -18.71 0.0553
2024-08-16 2024-06-30 13F Strategic Education COM 86272C103 24,160 -185 -0.76 2,674 5.49 0.0812
2024-05-15 2024-03-31 13F Strategic Education COM 86272C103 24,345 5,115 26.60 2,535 42.68 0.0707
2024-02-14 2023-12-31 13F Strategic Education COM 86272C103 19,230 750 4.06 1,776 27.77 0.0527
2023-11-14 2023-09-30 13F Strategic Education COM 86272C103 18,480 -1,705 -8.45 1,391 1.53 0.0448
2023-08-14 2023-06-30 13F Strategic Education COM 86272C103 20,185 -85 -0.42 1,369 -24.78 0.0432
2023-05-12 2023-03-31 13F Strategic Education COM 86272C103 20,270 -6,010 -22.87 1,821 -11.56 0.0595
2023-02-15 2022-12-31 13F Strategic Education COM 86272C103 26,280 2,950 12.64 2,058 43.61 0.0674
2022-11-14 2022-09-30 13F Strategic Education COM 86272C103 23,330 -1,700 -6.79 1,433 -18.90 0.0523
2022-08-15 2022-06-30 13F Strategic Education COM 86272C103 25,030 3,100 14.14 1,767 21.36 0.0614
2022-05-11 2022-03-31 13F Strategic Education COM 86272C103 21,930 11,000 100.64 1,456 130.38 0.0454
2022-02-14 2021-12-31 13F Strategic Education COM 86272C103 10,930 -13,250 -54.80 632 -62.93 0.0187
2021-11-12 2021-09-30 13F Strategic Education COM 86272C103 24,180 -38,500 -61.42 1,705 -64.23 0.0528
2021-08-12 2021-06-30 13F Strategic Education COM 86272C103 62,680 -14,380 -18.66 4,767 -32.70 0.1441
2021-05-10 2021-03-31 13F Strategic Education COM 86272C103 77,060 16,040 26.29 7,083 21.76 0.2592
2021-02-12 2020-12-31 13F Strategic Education COM 86272C103 61,020 145 0.24 5,817 4.47 0.2553
2020-11-12 2020-09-30 13F Strategic Education COM 86272C103 60,875 60,145 8,239.04 5,568 4,871.43 0.3045
2020-08-13 2020-06-30 13F Strategic Education COM 86272C103 730 730 112 0.0058
2017-08-10 2017-06-30 13F Strayer Ed COM 863236105 0 -23,084 -100.00 0 -100.00
2017-05-11 2017-03-31 13F Strayer Ed COM 863236105 23,084 -135 -0.58 1,858 -0.75 0.0329
2017-02-10 2016-12-31 13F Strayer Ed COM 863236105 23,219 -11,730 -33.56 1,872 14.78 0.0297
2017-01-26 2016-09-30 13F/A-4 Strayer Ed COM 863236105 34,949 -3,550 -9.22 1,631 -13.75 0.0229
2016-11-14 2016-09-30 13F Strayer Ed COM 863236105 34,949 1,631
2017-01-25 2016-06-30 13F/A-2 Strayer Ed COM 863236105 38,499 2,085 5.73 1,891 6.54 0.0258
2016-08-09 2016-06-30 13F Strayer Ed COM 863236105 38,499 1,891
2016-05-11 2016-03-31 13F Strayer Ed COM 863236105 36,414 -24,310 -40.03 1,775 -51.37 0.0222
2016-02-10 2015-12-31 13F Strayer Ed COM 863236105 60,724 -12,780 -17.39 3,650 -9.65 0.0399
2015-11-06 2015-09-30 13F Strayer Ed COM 863236105 73,504 18,790 34.34 4,040 71.33 0.0429
2015-08-10 2015-06-30 13F Strayer Ed COM 863236105 54,714 15,345 38.98 2,358 12.18 0.0202
2015-05-11 2015-03-31 13F Strayer Ed COM 863236105 39,369 10,555 36.63 2,102 -1.78 0.0166
2015-02-10 2014-12-31 13F Strayer Ed COM 863236105 28,814 -11,235 -28.05 2,140 -10.76 0.0158
2014-11-12 2014-09-30 13F Strayer Ed COM 863236105 40,049 6,520 19.45 2,398 36.25 0.0175
2014-08-11 2014-06-30 13F Strayer Ed COM 863236105 33,529 -6,690 -16.63 1,760 -5.73 0.0120
2014-08-11 2014-03-31 13F/A-1 Strayer Ed COM 863236105 40,219 -11,795 -22.68 1,867 4.19 0.0128
2014-05-15 2014-03-31 13F Strayer Ed COM 863236105 40,219 1,867
2014-08-11 2013-12-31 13F/A-2 Strayer Ed COM 863236105 52,014 15,440 42.22 1,792 18.05 0.0131
2014-02-14 2013-12-31 13F Strayer Ed COM 863236105 52,014 1,792
2014-08-11 2013-09-30 13F/A-3 Strayer Ed COM 863236105 36,574 8,730 31.35 1,518 11.70 0.0120
2013-11-12 2013-09-30 13F Strayer Ed COM 863236105 36,574 1,518
2013-08-06 2013-06-30 13F Strayer Ed COM 863236105 27,844 27,844 1,359 0.0116
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.