Strategic Education, Inc. (STRA) shareholders
STRANasdaqServices-Educational ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 16/3017% below fair value
$54.72−0.36 (-0.65%)
Close on Nov 13, 2026Market cap $1.22BP/E 321.9Yield 4.39%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
99.2%
22M of 22M shares
Institutional holders
290
45 new, 37 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
6 buys · 12 sales
Net sold $5.01M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 3,561,681 | – | 13G (passive) amendment | Dec 31, 2023 |
| Bank of Montreal Joint filing with 1001271606 Ontario Inc (6.23%), Burgundy Asset Management, Inc. (6.23%) | 1,476,841 | 6.28% | 13G (passive) | Dec 31, 2025 |
| Dimensional Fund Advisors LP | 1,466,491 | 6.60% | 13G (passive) amendment | Sep 30, 2026 |
| Burgundy Asset Management Ltd. | 1,442,465 | 6.14% | 13G (passive) amendment | Dec 31, 2025 |
| Vanguard Portfolio Management | 1,432,353 | 6.33% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of STRA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 3,800,430 | 17.11% | $291.19M | +99,367 | 0.00% |
| Vanguard Portfolio Management LLC | 1,460,171 | 6.58% | $111.88M | +41,009 | 0.01% |
| Dimensional Fund Advisors LP | 1,457,242 | 6.56% | $111.66M | −1,498 | 0.02% |
| Bank Of Montreal /Can/ | 1,257,266 | 5.66% | $96.33M | −150,937 | 0.03% |
| Vanguard Capital Management LLC | 945,402 | 4.26% | $72.44M | −34,360 | 0.00% |
| State Street Corp | 909,679 | 4.10% | $69.70M | +33,331 | 0.00% |
| Geode Capital Management, LLC | 598,896 | 2.70% | $45.90M | +7,563 | 0.00% |
| T. Rowe Price Investment Management, Inc. | 592,691 | 2.67% | $45.41M | −215,779 | 0.03% |
| Morgan Stanley | 591,719 | 2.66% | $45.34M | +280,749 | 0.00% |
| Marshfield Associates | 559,012 | 2.52% | $42.83M | −233,918 | 1.00% |
| Lsv Asset Management | 548,034 | 2.47% | $41.99M | +467,460 | 0.08% |
| Arrowstreet Capital, Limited Partnership | 447,693 | 2.02% | $34.30M | −6,816 | 0.02% |
| Qube Research & Technologies Ltd | 413,080 | 1.86% | $31.65M | −24,545 | 0.03% |
| Nuveen, LLC | 357,121 | 1.61% | $27.36M | −25,640 | 0.01% |
| Aqr Capital Management LLC | 343,994 | 1.55% | $26.35M | +111,230 | 0.01% |
| Charles Schwab Investment Management Inc | 339,542 | 1.53% | $26.02M | −14,363 | 0.00% |
| Two Sigma Investments, LP | 292,593 | 1.32% | $22.42M | −62,439 | 0.02% |
| Algert Global LLC | 275,342 | 1.24% | $21.10M | +57,824 | 0.25% |
| Van Lanschot Kempen Investment Management N.V. | 255,391 | 1.15% | $19.57M | −41,589 | 0.15% |
| Northern Trust Corp | 251,898 | 1.13% | $19.30M | +946 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 290 | 22M | 99.2% | 45 / 106 | 106 / 37 | 2M | 2M |
| Q1 2026 | 288 | 22M | 98.5% | 57 / 115 | 80 / 30 | 6M | 4M |
| Q4 2025 | 265 | 22M | 100.0% | 40 / 90 | 95 / 36 | 3M | 1M |
| Q3 2025 | 265 | 22M | 99.0% | 38 / 76 | 109 / 29 | 1M | 2M |
| Q2 2025 | 258 | 23M | 100.0% | 53 / 100 | 74 / 30 | 2M | 2M |
| Q1 2025 | 237 | 23M | 100.0% | 34 / 83 | 85 / 36 | 2M | 1M |
| Q4 2024 | 242 | 23M | 100.0% | 29 / 87 | 83 / 33 | 1M | 2M |
| Q3 2024 | 248 | 23M | 100.0% | 31 / 112 | 65 / 48 | 6M | 2M |
| Q2 2024 | 270 | 23M | 100.0% | 64 / 101 | 77 / 16 | 1M | 2M |
| Q1 2024 | 223 | 24M | 100.0% | 32 / 64 | 82 / 12 | 1M | 1M |
| Q4 2023 | 204 | 24M | 100.0% | 30 / 59 | 86 / 27 | 1M | 1M |
| Q3 2023 | 203 | 23M | 100.0% | 36 / 56 | 77 / 13 | 1M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
285 funds held STRA in Q2 2026, 64% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of STRA | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 1,347,914 | 6.07% | $103.28M | 0.09% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 650,949 | 2.93% | $49.88M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 567,391 | 2.55% | $43.47M | 0.05% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 466,492 | 2.10% | $35.74M | 0.02% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 338,379 | 1.52% | $27.75M | 0.14% | Jul 31, 2026 |
| T. Rowe Price Small-Cap Value Fund, Inc. | 308,741 | 1.39% | $23.66M | 0.22% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 295,659 | 1.33% | $22.65M | 0.03% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 256,736 | 1.16% | $19.67M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 242,590 | 1.09% | $19.89M | 0.06% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 214,984 | 0.97% | $16.47M | 0.11% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 205,580 | 0.93% | $15.75M | 0.09% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 192,589 | 0.87% | $14.76M | 0.18% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 175,676 | 0.79% | $14.41M | 0.09% | Jul 31, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 159,307 | 0.72% | $12.21M | 0.11% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 149,895 | 0.67% | $12.29M | 0.08% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Robert S. Silberman | CHAIRMAN, Director | 319,870 | 1.44% | Mar 16, 2026 |
| Raymond Karl McDonnell | CHIEF EXECUTIVE OFFICER, Director | 158,978 | 0.72% | Feb 26, 2026 |
| Christa Hokenson | CHIEF HUMAN RESOURCES OFFICER | 65,195 | 0.29% | Jun 5, 2026 |
| Lizette Benedi Herraiz | GENERAL COUNSEL | 55,580 | 0.25% | Mar 20, 2026 |
| Daniel Wayne Jackson | CHIEF FINANCIAL OFFICER | 102,148 | 0.46% | Mar 3, 2026 |
| Tal Darmon | CHIEF ACCOUNTING OFFICER | 26,641 | 0.12% | Feb 26, 2026 |
| William J. Slocum | Director | 9,065 | 0.04% | Nov 10, 2026 |
| Michael Thawley | Director | 14,044 | 0.06% | Nov 10, 2026 |
| G. Thomas Waite Iii | Director | 16,696 | 0.08% | May 5, 2026 |
| Gregory William Cappelli | Director | 2,934 | 0.01% | Apr 24, 2026 |
| Robert R. Grusky | Director | 11,382 | 0.05% | Apr 24, 2026 |
| Charlotte F. Beason | Director | 24,093 | 0.11% | Apr 24, 2026 |
| Viet D. Dinh | Director | 24,910 | 0.11% | Apr 24, 2026 |
| Rita D. Brogley | Director | 14,110 | 0.06% | Apr 24, 2026 |
| Michael A. McRobbie | Director | 9,069 | 0.04% | Apr 24, 2026 |
| Benjamin E. Sasse | Director | 5,084 | 0.02% | Apr 24, 2026 |
| Jerry Lavell Johnson | Director | 7,428 | 0.03% | Apr 25, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| J. Kevin Gilligan Director | May 4, 2029 | Sale | −739 | $148.88 | $110.02K | 6,293 |
| Michael Thawley Director | Nov 10, 2026 | Buy | +940 | $52.68 | $49.52K | 14,044 |
| William J. Slocum Director | Nov 9, 2026 | Buy | +250 | $51.00 | $12.75K | 9,065 |
| Michael Thawley Director | Nov 6, 2026 | Buy | +950 | $51.42 | $48.85K | 13,104 |
| William J. Slocum Director | Nov 6, 2026 | Buy | +1,000 | $52.00 | $52.00K | 8,815 |
| Christa Hokenson CHIEF HUMAN RESOURCES OFFICER | Jun 4, 2026 | Sale(10b5-1 plan) | −2,000 | $80.00 | $160.00K | 65,195 |
| G. Thomas Waite Iii Director | May 5, 2026 | Sale | −666 | $77.68 | $51.73K | 16,696 |
| Michael Thawley Director | Apr 24, 2026 | Buy | +665 | $72.71 | $48.35K | 12,154 |
| G. Thomas Waite Iii Director | Apr 22, 2026 | Award | +1,436 | – | – | 17,362 |
| Michael A. McRobbie Director | Apr 22, 2026 | Award | +1,436 | – | – | 9,069 |
| William J. Slocum Director | Apr 22, 2026 | Award | +1,436 | – | – | 7,815 |
| Rita D. Brogley Director | Apr 22, 2026 | Award | +1,436 | – | – | 14,110 |
| Benjamin E. Sasse Director | Apr 22, 2026 | Award | +957 | $83.62 | $80.02K | 5,084 |
| Benjamin E. Sasse Director | Apr 22, 2026 | Award | +1,436 | – | – | 4,127 |
| Michael Thawley Director | Apr 22, 2026 | Award | +1,436 | – | – | 11,489 |
| Gregory William Cappelli Director | Apr 22, 2026 | Award | +1,436 | – | – | 2,934 |
| Viet D. Dinh Director | Apr 22, 2026 | Award | +957 | $83.62 | $80.02K | 24,910 |
| Viet D. Dinh Director | Apr 22, 2026 | Award | +1,436 | – | – | 23,953 |
| Robert R. Grusky Director | Apr 22, 2026 | Award | +1,436 | – | – | 11,382 |
| Charlotte F. Beason Director | Apr 22, 2026 | Award | +1,436 | – | – | 24,093 |
| Lizette Benedi Herraiz GENERAL COUNSEL | Mar 18, 2026 | Sale(10b5-1 plan) | −2,982 | $79.88 | $238.20K | 55,580 |
| Robert S. Silberman CHAIRMAN, Director | Mar 13, 2026 | Buy | +718 | $80.82 | $58.03K | 319,870 |
| Lizette Benedi Herraiz GENERAL COUNSEL | Mar 13, 2026 | Sale(10b5-1 plan) | −4,912 | $80.20 | $393.94K | 58,562 |
| Lizette Benedi Herraiz GENERAL COUNSEL | Mar 13, 2026 | Sale(10b5-1 plan) | −2,686 | $79.54 | $213.64K | 63,474 |
| Daniel Wayne Jackson CHIEF FINANCIAL OFFICER | Mar 2, 2026 | Sale(10b5-1 plan) | −5,273 | $82.51 | $435.08K | 102,148 |
| Daniel Wayne Jackson CHIEF FINANCIAL OFFICER | Mar 2, 2026 | Sale(10b5-1 plan) | −2,052 | $83.75 | $171.86K | 100,096 |
| Daniel Wayne Jackson CHIEF FINANCIAL OFFICER | Mar 2, 2026 | Sale(10b5-1 plan) | −5,675 | $81.73 | $463.82K | 107,421 |
| Tal Darmon CHIEF ACCOUNTING OFFICER | Feb 26, 2026 | Award | +4,607 | – | – | 26,641 |
| Lizette Benedi Herraiz GENERAL COUNSEL | Feb 26, 2026 | Award | +13,162 | – | – | 66,160 |
| Raymond Karl McDonnell CHIEF EXECUTIVE OFFICER, Director | Feb 26, 2026 | Award | +52,646 | – | – | 158,978 |
| Daniel Wayne Jackson CHIEF FINANCIAL OFFICER | Feb 26, 2026 | Award | +26,323 | – | – | 113,096 |
| Christa Hokenson CHIEF HUMAN RESOURCES OFFICER | Feb 26, 2026 | Award | +13,162 | – | – | 67,195 |
| Robert S. Silberman CHAIRMAN, Director | Feb 26, 2026 | Award | +52,646 | – | – | 319,152 |
| Tal Darmon CHIEF ACCOUNTING OFFICER | Feb 24, 2026 | Tax withholding | −4,784 | $74.91 | $358.37K | 22,034 |
| Lizette Benedi Herraiz GENERAL COUNSEL | Feb 24, 2026 | Tax withholding | −8,724 | $74.91 | $653.51K | 52,998 |
| Raymond Karl McDonnell CHIEF EXECUTIVE OFFICER, Director | Feb 24, 2026 | Tax withholding | −28,293 | $74.91 | $2.12M | 145,172 |
| Raymond Karl McDonnell CHIEF EXECUTIVE OFFICER, Director | Feb 24, 2026 | Sale(10b5-1 plan) | −20,788 | $75.55 | $1.57M | 106,332 |
| Raymond Karl McDonnell CHIEF EXECUTIVE OFFICER, Director | Feb 24, 2026 | Sale(10b5-1 plan) | −18,052 | $75.12 | $1.36M | 127,120 |
| Daniel Wayne Jackson CHIEF FINANCIAL OFFICER | Feb 24, 2026 | Tax withholding | −17,363 | $74.91 | $1.30M | 86,773 |
| Christa Hokenson CHIEF HUMAN RESOURCES OFFICER | Feb 24, 2026 | Tax withholding | −6,722 | $74.91 | $503.55K | 54,033 |
| Robert S. Silberman CHAIRMAN, Director | Feb 24, 2026 | Tax withholding | −28,260 | $74.91 | $2.12M | 266,506 |
| Robert R. Grusky Director | Dec 11, 2025 | Sale | −1,403 | $80.03 | $112.28K | 9,946 |
| Daniel Wayne Jackson CHIEF FINANCIAL OFFICER | Aug 29, 2025 | Buy | +1,900 | $81.50 | $154.85K | 104,136 |
| G. Thomas Waite Iii Director | Aug 26, 2025 | Sale | −700 | $81.69 | $57.18K | 15,926 |
| Robert R. Grusky Director | Apr 25, 2025 | Sale | −1,494 | $80.27 | $119.92K | 11,349 |
| Rita D. Brogley Director | Apr 23, 2025 | Award | +1,498 | – | – | 12,674 |
| William J. Slocum Director | Apr 23, 2025 | Award | +1,498 | – | – | 6,379 |
| Michael Thawley Director | Apr 23, 2025 | Award | +1,498 | – | – | 10,053 |
| Charlotte F. Beason Director | Apr 23, 2025 | Award | +1,498 | – | – | 22,657 |
| Michael A. McRobbie Director | Apr 23, 2025 | Award | +1,498 | – | – | 7,633 |
| Jerry Lavell Johnson Director | Apr 23, 2025 | Award | +1,498 | – | – | 7,428 |
| Viet D. Dinh Director | Apr 23, 2025 | Award | +1,498 | – | – | 21,518 |
| Viet D. Dinh Director | Apr 23, 2025 | Award | +999 | $80.15 | $80.07K | 22,517 |
| Robert R. Grusky Director | Apr 23, 2025 | Award | +1,498 | – | – | 12,843 |
| Gregory William Cappelli Director | Apr 23, 2025 | Award | +1,498 | – | – | 1,498 |
| G. Thomas Waite Iii Director | Apr 23, 2025 | Award | +1,498 | – | – | 16,626 |
| Benjamin E. Sasse Director | Apr 23, 2025 | Award | +1,498 | – | – | 2,691 |
| Tal Darmon CHIEF ACCOUNTING OFFICER | Mar 22, 2025 | Tax withholding | −1,167 | $82.37 | $96.13K | 26,818 |
| Michael A. McRobbie Director | Mar 10, 2025 | Buy | +600 | $81.80 | $49.08K | 6,135 |
| Lizette Benedi Herraiz GENERAL COUNSEL | Mar 10, 2025 | Sale(10b5-1 plan) | −1,452 | $82.21 | $119.37K | 61,716 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
7.61%
2M shares short
Days to cover
7.2
At 0M shares a day
Change since last report
+0.8%
From 2M shares
Short volume, 20 days
51.0%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Strategic Education's stock actually held short. Settlement fails (shares not delivered on time) peaked at 258 shares on Aug 26, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Christa Hokenson Officer | Jun 4, 2026 | 2,000 | $160.00K | Jun 4, 2026 | Restricted Stock |
| Lizette Benedi Herraiz Officer | Mar 18, 2026 | 2,982 | $238.22K | Mar 18, 2026 | Restricted Stock |
| Lizette Benedi Herraiz Officer | Mar 13, 2026 | 7,598 | $607.59K | Mar 13, 2026 | Restricted Stock |
| Daniel Wayne Jackson Officer | Mar 2, 2026 | 13,000 | $1.07M | Mar 2, 2026 | Restricted Stock |
| Raymond Karl McDonnell Officer, Director | Feb 24, 2026 | 38,840 | $2.93M | Feb 24, 2026 | Restricted Stock |
| Robert R. Grusky Board Member | Dec 11, 2025 | 1,403 | $111.69K | Dec 11, 2025 | Vesting of restricted stock units |
| Robert R. Grusky Director | Apr 25, 2025 | 1,494 | $119.55K | Apr 25, 2025 | Vesting of restricted stock unit award |
| Lizette Benedi Herraiz Officer | Mar 10, 2025 | 1,452 | $119.37K | Mar 10, 2025 | Restricted Stock |
| Raymond Karl McDonnell Officer, Director | Feb 25, 2025 | 31,855 | $3.12M | Feb 25, 2025 | Restricted Stock |
| Daniel Wayne Jackson Officer | Feb 25, 2025 | 6,025 | $589.39K | Feb 25, 2025 | Restricted Stock |
| Inclusive Capital Partners, L.P. (1) Shareholder | Sep 16, 2024 | 524,060 | $49.33M | Sep 16, 2024 | See Remark 2 |
| Lizette Benedi Herraiz Officer | Sep 6, 2024 | 2,183 | $203.19K | Sep 6, 2024 | Restricted Stock |
| Inclusive Capital Partners, L.P. (1) Shareholder | Jun 14, 2024 | 215,000 | $23.48M | Jun 14, 2024 | See Remark 2 |
| Inclusive Capital Partners, L.P. (1) Shareholder | May 24, 2024 | 225,000 | $26.04M | May 24, 2024 | See Remark 2 |
| Inclusive Capital Partners, L.P. (1) Shareholder | Apr 30, 2024 | 240,000 | $29.05M | Apr 29, 2024 | See Remark 2 |
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