Strategic Education, Inc.
US ˙ NasdaqGS ˙ US86272C1036

SecuritySTRA / Strategic Education, Inc.
InstitutionD.a. Davidson & Co.
Latest Disclosed Ownership12,771 shares
Latest Disclosed Value $ 1,059,531
D.a. Davidson & Co. reports 13.16% decrease in ownership of STRA / Strategic Education, Inc.

On May 5, 2026 - D.a. Davidson & Co. filed a 13F-HR form disclosing ownership of 12,771 shares of Strategic Education, Inc. (US:STRA) valued at $1,059,482 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 14,707 shares of Strategic Education, Inc.. This represents a change in shares of -13.16% during the quarter. The current value of the position is $1,009,548 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 STRATEGIC ED COM 86272C103 12,771 -1,936 -13.16 1,060 -10.18 0.0064
2026-01-29 2025-12-31 13F STRATEGIC ED COM 86272C103 14,707 1,770 13.68 1,180 6.03 0.0072
2025-10-22 2025-09-30 13F STRATEGIC ED COM 86272C103 12,937 -43 -0.33 1,113 0.63 0.0071
2025-07-30 2025-06-30 13F STRATEGIC ED COM 86272C103 12,980 1,873 16.86 1,105 18.56 0.0078
2025-04-28 2025-03-31 13F STRATEGIC ED COM 86272C103 11,107 399 3.73 933 -6.80 0.0075
2025-01-31 2024-12-31 13F STRATEGIC ED COM 86272C103 10,708 1,048 10.85 1,000 11.86 0.0081
2024-11-13 2024-09-30 13F STRATEGIC ED COM 86272C103 9,660 418 4.52 894 -12.52 0.0074
2024-08-01 2024-06-30 13F STRATEGIC ED COM 86272C103 9,242 414 4.69 1,023 11.21 0.0091
2024-05-13 2024-03-31 13F STRATEGIC ED COM 86272C103 8,828 1,121 14.55 919 29.25 0.0083
2024-02-09 2023-12-31 13F STRATEGIC ED COM 86272C103 7,707 1,224 18.88 712 46.00 0.0070
2023-11-08 2023-09-30 13F STRATEGIC ED COM 86272C103 6,483 1,391 27.32 488 41.16 0.0053
2023-08-11 2023-06-30 13F STRATEGIC ED COM 86272C103 5,092 858 20.26 345 -9.21 0.0036
2023-04-25 2023-03-31 13F STRATEGIC ED COM 86272C103 4,234 38 0.91 380 15.85 0.0043
2023-02-03 2022-12-31 13F STRATEGIC ED COM 86272C103 4,196 4,196 329 0.0039
2019-08-12 2019-06-30 13F STRATEGIC ED COM 86272C103 0 -39,279 -100.00 0 -100.00
2019-05-13 2019-03-31 13F STRATEGIC ED COM 86272C103 39,279 7,390 23.17 5,158 42.60 0.0887
2019-01-29 2018-12-31 13F STRATEGIC ED COM 86272C103 31,889 1,082 3.51 3,617 -14.31 0.0705
2018-11-13 2018-09-30 13F STRATEGIC ED COM 86272C103 30,807 4,094 15.33 4,221 39.81 0.0751
2018-08-02 2018-06-30 13F STRAYER ED COM 863236105 26,713 2,389 9.82 3,019 22.82 0.0592
2018-05-04 2018-03-31 13F STRAYER ED COM 863236105 24,324 2,587 11.90 2,458 26.25 0.0508
2018-02-08 2017-12-31 13F STRAYER ED COM 863236105 21,737 1,349 6.62 1,947 9.44 0.0408
2017-11-08 2017-09-30 13F STRAYER ED COM 863236105 20,388 560 2.82 1,779 -3.73 0.0349
2017-08-11 2017-06-30 13F STRAYER EDUCATION COM 863236105 19,828 1,170 6.27 1,848 23.12 0.0417
2017-05-12 2017-03-31 13F STRAYER EDUCATION COM 863236105 18,658 238 1.29 1,501 1.15 0.0364
2017-02-15 2016-12-31 13F STRAYER EDUCATION COM 863236105 18,420 1,295 7.56 1,484 85.96 0.0337
2016-11-18 2016-09-30 13F/A-1 STRAYER EDUCATION COM 863236105 17,125 2,827 19.77 798 13.68 0.0199
2016-11-14 2016-09-30 13F STRAYER EDUCATION COM 863236105 17,125 798
2016-08-13 2016-06-30 13F STRAYER EDUCATION COM 863236105 14,298 4,375 44.09 702 45.64 0.0207
2016-05-13 2016-03-31 13F STRAYER EDUCATION COM 863236105 9,923 2,263 29.54 482 4.78 0.0150
2016-02-12 2015-12-31 13F STRAYER EDUCATION COM 863236105 7,660 407 5.61 460 15.58 0.0150
2015-11-13 2015-09-30 13F STRAYER EDUCATION COM 863236105 7,253 380 5.53 398 34.46 0.0139
2015-08-14 2015-06-30 13F STRAYER EDUCATION COM 863236105 6,873 2,014 41.45 296 14.29 0.0097
2015-05-06 2015-03-31 13F STRAYER EDUCATION COM 863236105 4,859 -173 -3.44 259 -30.56 0.0085
2015-02-12 2014-12-31 13F STRAYER EDUCATION COM 863236105 5,032 5,032 373 0.0122
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.