American Public Education, Inc.
US ˙ NasdaqGS ˙ US02913V1035

SecurityAPEI / American Public Education, Inc.
InstitutionUBS Group AG
Latest Disclosed Ownership234,623 shares
Latest Disclosed Value $ 13,345,356
UBS Group AG reports 10.97% decrease in ownership of APEI / American Public Education, Inc.

On May 5, 2026 - UBS Group AG filed a 13F-HR form disclosing ownership of 234,623 shares of American Public Education, Inc. (US:APEI) valued at $13,345,356 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 263,533 shares of American Public Education, Inc.. This represents a change in shares of -10.97% during the quarter. The current value of the position is $12,426,807 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)
2026-05-05 2026-03-31 13F AMERICAN PUB ED COM 02913V103 234,623 -28,910 -10.97 13,345 33.97 0.0004
2026-01-29 2025-12-31 13F AMERICAN PUB ED COM 02913V103 263,533 22,472 9.32 9,962 4.70 0.0016
2025-11-13 2025-09-30 13F AMERICAN PUB ED COM 02913V103 241,061 71,796 42.42 9,515 84.56 0.0015
2025-08-14 2025-06-30 13F AMERICAN PUB ED COM 02913V103 169,265 42,966 34.02 5,156 82.93 0.0009
2025-05-13 2025-03-31 13F AMERICAN PUB ED COM 02913V103 126,299 25,662 25.50 2,819 29.86 0.0005
2025-02-14 2024-12-31 13F AMERICAN PUB ED COM 02913V103 100,637 67,561 204.26 2,171 345.59 0.0004
2024-11-14 2024-09-30 13F AMERICAN PUB ED COM 02913V103 33,076 8,601 35.14 488 13.26 0.0001
2024-08-14 2024-06-30 13F AMERICAN PUB ED COM 02913V103 24,475 24,469 407,816.67 430 0.0001
2024-05-13 2024-03-31 13F AMERICAN PUB ED COM 02913V103 6 -94 -94.00 0 0.0000
2024-02-09 2023-12-31 13F AMERICAN PUB ED COM 02913V103 100 4 4.17 1 0.0000
2023-11-09 2023-09-30 13F AMERICAN PUB ED COM 02913V103 96 96 0 0.0000
2023-08-11 2023-06-30 13F AMERICAN PUB ED COM 02913V103 0 -5,764 -100.00 0 -100.00
2023-05-12 2023-03-31 13F AMERICAN PUB ED COM 02913V103 5,764 -8 -0.14 31 -55.71 0.0000
2023-02-08 2022-12-31 13F AMERICAN PUB ED COM 02913V103 5,772 3,982 222.46 71 311.76 0.0000
2022-11-10 2022-09-30 13F AMERICAN PUB ED COM 02913V103 1,790 148 9.01 17 -37.04 0.0000
2022-08-10 2022-06-30 13F AMERICAN PUB ED COM 02913V103 1,642 -1,168 -41.57 27 -55.00 0.0000
2022-05-16 2022-03-31 13F AMERICAN PUB ED COM 02913V103 2,810 -26,365 -90.37 60 -90.76 0.0000
2022-02-14 2021-12-31 13F AMERICAN PUB ED COM 02913V103 29,175 -123,456 -80.89 649 -83.40 0.0002
2021-11-15 2021-09-30 13F AMERICAN PUB ED COM 02913V103 152,631 18,614 13.89 3,909 2.92 0.0012
2021-08-13 2021-06-30 13F AMERICAN PUB ED COM 02913V103 134,017 126,661 1,721.87 3,798 1,349.62 0.0012
2021-05-12 2021-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 7,356 -2,334 -24.09 262 -11.19 0.0001
2021-02-11 2020-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 9,690 3,141 47.96 295 59.46 0.0001
2020-11-12 2020-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 6,549 -673 -9.32 185 -13.55 0.0001
2020-07-31 2020-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 7,222 -2,972 -29.15 214 -12.30 0.0001
2020-05-01 2020-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 10,194 -10,192 -50.00 244 -56.27 0.0001
2020-02-14 2019-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 20,386 8,231 67.72 558 105.90 0.0002
2019-11-14 2019-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 12,155 8,556 237.73 271 153.27 0.0001
2019-08-14 2019-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 3,599 3,502 3,610.31 107 3,466.67 0.0000
2019-05-14 2019-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 97 -6,433 -98.51 3 -98.39 0.0000
2019-02-14 2018-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 6,530 2,382 57.43 186 34.78 0.0001
2018-11-14 2018-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 4,148 1,366 49.10 138 17.95 0.0001
2018-08-14 2018-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 2,782 990 55.25 117 51.95 0.0001
2018-05-15 2018-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 1,792 -400 -18.25 77 40.00 0.0000
2018-02-14 2017-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 2,192 -661 -23.17 55 -8.33 0.0000
2017-11-14 2017-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 2,853 2,753 2,753.00 60 2,900.00 0.0000
2017-11-14 2017-06-30 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 100 -720 -87.80 2 -88.89 0.0000
2017-08-14 2017-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 100 -720 2
2017-11-14 2017-03-31 13F/A-1 AMERICAN PUBLIC EDUCATION IN COM 02913V103 820 -2,486 -75.20 18 -78.05 0.0000
2017-05-12 2017-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 820 -2,486 18
2017-02-14 2016-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 3,306 2,612 376.37 82 530.77 0.0000
2016-11-14 2016-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 694 -1,702 -71.04 13 -80.60 0.0000
2016-08-12 2016-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 2,396 1,754 273.21 67 415.38 0.0000
2016-05-12 2016-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 642 18 2.88 13 18.18 0.0000
2016-02-16 2015-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 624 -1,380 -68.86 11 -77.08 0.0000
2015-11-13 2015-09-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 2,004 1,317 191.70 48 166.67 0.0000
2015-08-14 2015-06-30 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 687 -7,709 -91.82 18 -92.83 0.0000
2015-05-14 2015-03-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 8,396 8,179 3,769.12 251 3,037.50 0.0002
2015-02-17 2014-12-31 13F AMERICAN PUBLIC EDUCATION IN COM 02913V103 217 217 8 0.0000
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.