Strategic Education, Inc.
US ˙ NasdaqGS ˙ US86272C1036

SecuritySTRA / Strategic Education, Inc.
InstitutionComerica Bank
Latest Disclosed Ownership12,218 shares
Latest Disclosed Value $ 979,884
Comerica Bank reports 8.61% decrease in ownership of STRA / Strategic Education, Inc.

On January 29, 2026 - Comerica Bank filed a 13F-HR form disclosing ownership of 12,218 shares of Strategic Education, Inc. (US:STRA) valued at $979,884 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 13,369 shares of Strategic Education, Inc.. This represents a change in shares of -8.61% during the quarter. The current value of the position is $965,833 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)
2026-01-29 2025-12-31 13F STRATEGIC ED COM 86272C103 12,218 -1,151 -8.61 980 -14.80 0.0039
2025-11-14 2025-09-30 13F STRATEGIC ED COM 86272C103 13,369 -1,183 -8.13 1,150 -7.19 0.0043
2025-08-14 2025-06-30 13F STRATEGIC ED COM 86272C103 14,552 11 0.08 1,239 1.48 0.0048
2025-05-14 2025-03-31 13F STRATEGIC ED COM 86272C103 14,541 248 1.74 1,221 -8.61 0.0051
2025-02-14 2024-12-31 13F/A-1 STRATEGIC ED COM 86272C103 14,293 -877 -5.78 1,335 -4.85 0.0054
2025-02-14 2024-12-31 13F STRATEGIC ED COM 86272C103 14,293 -877 1,335 0.0045
2024-11-14 2024-09-30 13F STRATEGIC ED COM 86272C103 15,170 2,056 15.68 1,404 -3.31 0.0056
2024-08-15 2024-06-30 13F STRATEGIC ED COMMON 86272C103 13,114 1,944 17.40 1,451 24.76 0.0060
2024-05-16 2024-03-31 13F STRATEGIC ED COMMON 86272C103 11,170 -1,247 -10.04 1,163 1.48 0.0050
2024-02-14 2023-12-31 13F STRATEGIC ED COMMON 86272C103 12,417 -567 -4.37 1,147 17.30 0.0053
2023-11-21 2023-09-30 13F STRATEGIC ED COMMON 86272C103 12,984 12,984 977 0.0051
2023-08-22 2023-06-30 13F STRATEGIC ED COM 86272C103 0 -13,178 -100.00 0 -100.00
2023-01-26 2022-12-31 13F STRATEGIC ED COM 86272C103 13,178 -4,010 -23.33 1 -99.91 0.0090
2022-10-28 2022-09-30 13F STRATEGIC ED COM 86272C103 17,188 -2,381 -12.17 1,115 -17.53 0.0094
2022-08-02 2022-06-30 13F STRATEGIC ED COM 86272C103 19,569 371 1.93 1,352 -2.80 0.0111
2022-04-27 2022-03-31 13F STRATEGIC ED COM 86272C103 19,198 -455 -2.32 1,391 24.64 0.0101
2022-02-18 2021-12-31 13F STRATEGIC ED COM 86272C103 19,653 -1,157 -5.56 1,116 -24.59 0.0082
2021-11-22 2021-09-30 13F STRATEGIC ED COM 86272C103 20,810 7,125 52.06 1,480 47.41 0.0089
2021-08-26 2021-06-30 13F STRATEGIC ED COM 86272C103 13,685 99 0.73 1,004 -13.52 0.0060
2021-04-28 2021-03-31 13F STRATEGIC ED COM 86272C103 13,586 -720 -5.03 1,161 -8.65 0.0069
2021-01-28 2020-12-31 13F STRATEGIC ED COM 86272C103 14,306 -358 -2.44 1,271 -9.86 0.0081
2020-10-30 2020-09-30 13F STRATEGIC ED COM 86272C103 14,664 1,136 8.40 1,410 -37.86 0.0102
2020-07-31 2020-06-30 13F STRATEGIC ED COM 86272C103 13,528 -7,845 -36.71 2,269 -25.78 0.0175
2020-05-01 2020-03-31 13F STRATEGIC ED COM 86272C103 21,373 669 3.23 3,057 -11.55 0.0280
2020-02-07 2019-12-31 13F STRATEGIC ED COM 86272C103 20,704 166 0.81 3,456 30.61 0.0262
2019-10-31 2019-09-30 13F STRATEGIC ED COM 86272C103 20,538 48 0.23 2,646 -28.29 0.0209
2019-08-02 2019-06-30 13F STRATEGIC ED COM 86272C103 20,490 -1,039 -4.83 3,690 21.22 0.0296
2019-05-02 2019-03-31 13F STRATEGIC ED COM 86272C103 21,529 445 2.11 3,044 32.06 0.0247
2019-02-06 2018-12-31 13F STRATEGIC ED COM 86272C103 21,084 259 1.24 2,305 -10.59 0.0196
2018-11-01 2018-09-30 13F STRATEGIC ED COM 86272C103 20,825 9,489 83.71 2,578 91.82 0.0208
2018-08-01 2018-06-30 13F STRAYER EDUCATION COM 863236105 11,336 189 1.70 1,344 12.09 0.0094
2018-05-01 2018-03-31 13F STRAYER EDUCATION COM 863236105 11,147 253 2.32 1,199 14.52 0.0086
2018-02-02 2017-12-31 13F STRAYER EDUCATION COM 863236105 10,894 -271 -2.43 1,047 -6.18 0.0070
2017-11-06 2017-09-30 13F STRAYER EDUCATION COM 863236105 11,165 173 1.57 1,116 10.71 0.0081
2017-08-03 2017-06-30 13F STRAYER EDUCATION COM 863236105 10,992 -523 -4.54 1,008 -0.30 0.0075
2017-05-03 2017-03-31 13F STRAYER EDUCATION COM 863236105 11,515 418 3.77 1,011 13.21 0.0077
2017-02-08 2016-12-31 13F STRAYER EDUCATION COM 863236105 11,097 -13 -0.12 893 71.07 0.0071
2016-08-11 2016-06-30 13F STRAYER EDUCATION COM 863236105 11,110 -77 -0.69 522 -2.97 0.0045
2016-05-11 2016-03-31 13F STRAYER EDUCATION COM 863236105 11,187 53 0.48 538 -9.73 0.0048
2016-02-05 2015-12-31 13F STRAYER EDUCATION COM 863236105 11,134 -54 -0.48 596 -3.09 0.0058
2015-11-12 2015-09-30 13F STRAYER EDUCATION COM 863236105 11,188 -10,738 -48.97 615 -34.85 0.0058
2015-08-13 2015-06-30 13F STRAYER EDUCATION COM 863236105 21,926 11,142 103.32 944 63.89 0.0041
2015-05-15 2015-03-31 13F STRAYER EDUCATION COM 863236105 10,784 -10,448 -49.21 576 -63.50 0.0049
2015-02-13 2014-12-31 13F STRAYER EDUCATION COM 863236105 21,232 10,537 98.52 1,578 146.56 0.0068
2014-10-21 2014-09-30 13F STRAYER EDUCATION COM 863236105 10,695 96 0.91 640 14.90 0.0057
2014-08-12 2014-06-30 13F STRAYER EDUCATION COM 863236105 10,599 -212 -1.96 557 10.96 0.0047
2014-05-15 2014-03-31 13F STRAYER EDUCATION COM 863236105 10,811 -517 -4.56 502 28.72 0.0038
2014-02-11 2013-12-31 13F STRAYER EDUCATION COM 863236105 11,328 -675 -5.62 390 -21.69 0.0030
2013-11-12 2013-09-30 13F STRAYER EDUCATION COM 863236105 12,003 3,873 47.64 498 25.44 0.0035
2013-08-13 2013-06-30 13F/A-1 STRAYER EDUCATION COM 863236105 8,130 8,130 397 0.0032
2013-08-08 2013-06-30 13F STRAYER EDUCATION COM 863236105 24,378 1,588
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.