Strategic EducationSTRA
13F holders, Q3 2024 (September 30)248holders −22
29new positions
48sold out
9famous investors
$92.55avg. 13F price*
At the end of Q3 2024, 248 institutions reported holding Strategic Education Inc. (STRA) in their 13F filings, down 22 from Q2 2024. 29 opened new positions and 48 sold out. The largest holders were BlackRock, Inc. ($340.5M), Vanguard Group Inc. ($254.4M) and T. Rowe Price Investment Management, Inc. ($223.3M). 9 famous investors held it, including Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Ray Dalio (0.0% of Bridgewater Associates's portfolio).
- Company
- Strategic Education Inc.
- CUSIP
- 86272C103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2024 → Q3 2024
| Institutions | Total Value | |
|---|---|---|
| New Positions | 29 | $15.2M |
| Exits | 48 | $129.3M |
All 13F filers, Q2 2024 → Q3 2024: 1,517,746 shares bought and 1,831,237 shares sold, net −313,491 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 248 holders
| BlackRock, Inc. | 0.01% | — | 3,679,498 | $340.5M |
| Vanguard Group Inc. | 0.00% | Add +6.6% | 2,748,264 | $254.4M |
| T. Rowe Price Investment Management, Inc. | 0.13% | Reduce -6.4% | 2,413,089 | $223.3M |
| Marshfield Associates | 3.59% | Add +0.5% | 1,829,622 | $169.3M |
| Dimensional Fund Advisors LP | 0.03% | Add +3.3% | 1,495,150 | $138.4M |
| Burgundy Asset Management Ltd. | 1.13% | Add +2.4% | 1,238,224 | $114.6M |
| State Street Corp. | 0.00% | Add +6.1% | 890,133 | $82.4M |
| Geode Capital Management, LLC | 0.00% | Add +5.3% | 561,274 | $52.0M |
| Royal Bank of Canada | 0.01% | Add +8.6% | 554,445 | $51.3M |
| Van Lanschot Kempen Investment Management N.V. | 0.52% | Add +12.4% | 547,543 | $50.7M |
| Disciplined Growth Investors Inc. | 0.81% | Add +2.2% | 461,012 | $42.7M |
| JPMorgan Chase & Co. | 0.00% | Add +76.7% | 399,144 | $36.9M |
| Morgan Stanley | 0.00% | Add +3.6% | 392,922 | $36.4M |
| Envestnet Asset Management Inc. | 0.01% | Add +3.2% | 381,627 | $35.3M |
| Nuveen Asset Management, LLC | 0.01% | Add +11.0% | 360,767 | $33.4M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +7.0% | 313,727 | $29.0M |
| Bank of New York Mellon Corp | 0.00% | Reduce -3.9% | 259,292 | $24.0M |
| Northern Trust Corp. | 0.00% | Add +4.1% | 233,597 | $21.6M |
| Renaissance Technologies | 0.03% | Reduce -10.6% | 225,038 | $20.8M |
| Goldman Sachs Group Inc. | 0.00% | Add +12.0% | 222,197 | $20.6M |
| Triodos Investment Management BV | 1.61% | No change | 220,000 | $20.4M |
| Invesco Ltd. | 0.00% | Add +24.0% | 144,905 | $13.4M |
| Norges Bank | 0.00% | Reduce -19.4% | 139,131 | $12.9M |
| Qube Research & Technologies Ltd | 0.02% | Add +178.3% | 128,920 | $11.9M |
| Principal Financial Group Inc. | 0.01% | Add +11.5% | 120,628 | $11.2M |
| Millennium Management | 0.01% | Add +125.0% | 104,423 | $9.7M |
| Oberweis Asset Management Inc./ | 0.49% | Add +22.9% | 103,000 | $9.5M |
| AQR Capital Management | 0.01% | Add +121.9% | 95,373 | $8.8M |
| Citadel Advisors | 0.01% | Add +114.2% | 84,129 | $7.8M |
| Cubist Systematic Strategies, LLC | 0.11% | Reduce -31.9% | 75,274 | $7.0M |
| Rhumbline Advisers | 0.01% | Add +0.7% | 69,971 | $6.5M |
| Legal & General Group Plc | 0.00% | Add +5.9% | 66,156 | $6.1M |
| Ameriprise Financial Inc. | 0.00% | Reduce -0.1% | 65,049 | $6.0M |
| Weiss Asset Management LP | 0.21% | New | 60,890 | $5.6M |
| Tudor Investment Corporation | 0.06% | Reduce -10.0% | 59,390 | $5.5M |
| Victory Capital Management Inc. | 0.01% | Add +51.5% | 57,345 | $5.3M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Add +171.7% | 56,990 | $5.3M |
| Bank of America Corp. | 0.00% | Add +24.9% | 52,498 | $4.9M |
| Public Sector Pension Investment Board | 0.03% | Add +7.3% | 51,700 | $4.8M |
| Swiss National Bank | 0.00% | Add +4.8% | 45,738 | $4.2M |
| Thrivent Financial for Lutherans | 0.01% | Add +19.7% | 43,755 | $4.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -11.0% | 40,533 | $3.8M |
| Barclays PLC | 0.00% | Add +334.3% | 37,961 | $3.5M |
| New York State Teachers Retirement System | 0.01% | Add +2.5% | 37,830 | $3.5M |
| Citigroup Inc. | 0.00% | Add +91.9% | 36,167 | $3.3M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.02% | Add +38.2% | 33,577 | $3.1M |
| CANADA LIFE ASSURANCE Co | 0.01% | Reduce -0.1% | 33,149 | $3.1M |
| Wells Fargo & Company | 0.00% | Add +17.2% | 32,668 | $3.0M |
| American Century Companies Inc. | 0.00% | Add +170.4% | 31,694 | $2.9M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -38.3% | 30,935 | $2.9M |
| Tikvah Management LLC | 0.91% | Reduce -16.0% | 30,858 | $2.9M |
| Hillsdale Investment Management Inc. | 0.22% | Reduce -11.1% | 30,450 | $2.8M |
| Deutsche Bank AG | 0.00% | Add +143.3% | 29,760 | $2.8M |
| Squarepoint Ops LLC | 0.01% | Add +48.5% | 28,458 | $2.6M |
| Alliancebernstein L.P. | 0.00% | Add +0.3% | 28,186 | $2.6M |
| D. E. Shaw & Co. | 0.00% | Reduce -60.0% | 26,587 | $2.5M |
| Bridgewater Associates | 0.01% | Reduce -17.0% | 26,340 | $2.4M |
| Hussman Strategic Advisors, Inc. | 0.57% | New | 25,200 | $2.3M |
| TD Asset Management Inc | 0.00% | Reduce -9.4% | 24,704 | $2.3M |
| Prudential Financial Inc. | 0.00% | Add +0.4% | 23,521 | $2.2M |
| Systematic Financial Management LP | 0.06% | Reduce -2.8% | 23,480 | $2.2M |
| California State Teachers Retirement System | 0.00% | Add +1.9% | 22,030 | $2.0M |
| Ingalls & Snyder LLC | 0.08% | Add +3.3% | 21,975 | $2.0M |
| Engineers Gate Manager LP | 0.04% | Add +100.0% | 21,856 | $2.0M |
| Two Sigma Investments, LP | 0.00% | Reduce -17.8% | 21,048 | $1.9M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +22.5% | 20,353 | $1.9M |
| Teacher Retirement System of Texas | 0.01% | Add +8.5% | 19,404 | $1.8M |
| Campbell & CO Investment Adviser LLC | 0.13% | Add +76.9% | 18,189 | $1.7M |
| Jane Street Group, LLC | 0.00% | Reduce -26.6% | 18,006 | $1.7M |
| Trexquant Investment LP | 0.02% | Add +32.3% | 17,523 | $1.6M |
| Raymond James Financial Services Advisors, Inc. | 0.00% | Add +3.4% | 17,350 | $1.6M |
| Quantbot Technologies LP | 0.06% | New | 16,213 | $1.5M |
| Verition Fund Management LLC | 0.01% | Add +80.6% | 15,710 | $1.5M |
| Algert Global LLC | 0.04% | Reduce -72.0% | 15,665 | $1.4M |
| State of Wisconsin Investment Board | 0.00% | No change | 15,637 | $1.4M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +3.5% | 15,372 | $1.4M |
| Wedge Capital Management L L P | 0.02% | Add +24.2% | 15,235 | $1.4M |
| Comerica Bank | 0.01% | Add +15.7% | 15,170 | $1.4M |
| First Trust Advisors LP | 0.00% | Add +1.8% | 14,590 | $1.4M |
| UBS Group AG | 0.00% | Reduce -69.7% | 14,569 | $1.3M |
| State of Alaska, Department of Revenue | 0.01% | Add +8.1% | 13,911 | $1.3M |
| Linden Thomas Advisory Services, LLC | 0.17% | Reduce -0.5% | 13,600 | $1.3M |
| MetLife Investment Management, LLC | 0.01% | No change | 12,839 | $1.2M |
| Corebridge Financial, Inc. | 0.01% | Reduce -0.3% | 12,830 | $1.2M |
| Semanteon Capital Management, LP | 0.78% | Add +581.0% | 12,435 | $1.2M |
| Corient Private Wealth LP | 0.00% | Add +25.0% | 12,244 | $1.1M |
| Asset Management One Co., Ltd. | 0.00% | Reduce -0.2% | 12,193 | $1.1M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -0.9% | 12,081 | $1.1M |
| Illinois Municipal Retirement Fund | 0.02% | Reduce -1.8% | 11,881 | $1.1M |
| Louisiana State Employees Retirement System | 0.02% | Add +7.3% | 11,800 | $1.1M |
| Lazard Asset Management LLC | 0.00% | Add +96.8% | 11,628 | $1.1M |
| Ensign Peak Advisors, Inc | 0.00% | No change | 11,538 | $1.1M |
| Pacific Capital Partners Ltd | 0.61% | Add +7.5% | 11,339 | $1.0M |
| Allianz Asset Management GmbH | 0.00% | Add +63.8% | 11,118 | $1.0M |
| OneDigital Investment Advisors LLC | 0.01% | Reduce -1.3% | 10,671 | $988K |
| Point72 Asset Management | 0.00% | Add +94.0% | 10,670 | $988K |
| State of Tennessee, Department of Treasury | 0.00% | Reduce -3.2% | 10,398 | $962K |
| Healthcare of Ontario Pension Plan Trust Fund | 0.00% | No change | 10,200 | $944K |
| Canada Pension Plan Investment Board | 0.00% | Add +5.2% | 10,200 | $944K |
| Janus Henderson Group PLC | 0.00% | No change | 10,164 | $941K |
| D.A. Davidson & Co. | 0.01% | Add +4.5% | 9,660 | $894K |
| Pathstone Holdings, LLC | 0.00% | Add +0.1% | 9,554 | $884K |
| Yousif Capital Management, LLC | 0.01% | Add +6.2% | 9,356 | $866K |
| MSH Capital Advisors LLC | 0.26% | No change | 9,052 | $838K |
| SkyView Investment Advisors, LLC | 0.14% | Add +4.3% | 8,907 | $824K |
| Graham Capital Management, L.P. | 0.04% | Add +50.9% | 8,646 | $800K |
| Deerfield Management Company, L.P. | 0.01% | Add +142.4% | 8,604 | $796K |
| Brown Advisory Inc. | 0.00% | Add +44.8% | 8,351 | $773K |
| LPL Financial LLC | 0.00% | Add +4.1% | 8,331 | $771K |
| Maryland State Retirement & Pension System | 0.02% | Add +7.7% | 8,232 | $762K |
| STRS Ohio | 0.00% | No change | 8,100 | $750K |
| Jump Financial, LLC | 0.02% | New | 8,000 | $740K |
| PDT Partners, LLC | 0.07% | Add +74.1% | 7,957 | $736K |
| Y-Intercept (Hong Kong) Ltd | 0.05% | Add +256.4% | 7,956 | $736K |
| Exchange Traded Concepts, LLC | 0.02% | Add +28.1% | 7,908 | $732K |
| Benjamin Edwards Inc. | 0.01% | New | 7,808 | $723K |
| New York State Common Retirement Fund | 0.00% | Reduce -16.1% | 7,791 | $721K |
| Wakefield Asset Management LLLP | 0.23% | Reduce -1.4% | 7,762 | $718K |
| Sherbrooke Park Advisers LLC | 0.16% | New | 7,750 | $717K |
| Dynamic Technology Lab Private Ltd | 0.08% | Add +4.2% | 7,676 | $710K |
| Gotham Asset Management | 0.01% | Reduce -18.6% | 7,590 | $702K |
| Intech Investment Management LLC | 0.01% | New | 7,583 | $702K |
| Orion Porfolio Solutions, LLC | 0.01% | Reduce -0.1% | 7,525 | $696K |
| Orion Portfolio Solutions, LLC | 0.01% | Reduce -0.1% | 7,525 | $696K |
| Aquatic Capital Management LLC | 0.02% | Add +151.7% | 7,300 | $676K |
| Marshall Wace, LLP | 0.00% | Add +1.4% | 7,300 | $676K |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 7,276 | $674K |
| EntryPoint Capital, LLC | 0.38% | Add +167.0% | 7,218 | $668K |
| Voya Investment Management LLC | 0.00% | Reduce -96.1% | 7,178 | $664K |
| Amalgamated Bank | 0.01% | Add +5.3% | 7,086 | $656K |
| Paloma Partners Management Co | 0.04% | New | 6,909 | $639K |
| Headlands Technologies LLC | 0.07% | Add +501.7% | 6,908 | $639K |
| Balefire, LLC | 0.21% | Add +33.8% | 6,835 | $633K |
| Arizona State Retirement System | 0.00% | Add +8.6% | 6,731 | $623K |
| Susquehanna International Group, LLP | 0.00% | Add +67.6% | 6,190 | $573K |
| Oregon Public Employees Retirement Fund | 0.01% | Add +7.5% | 5,741 | $531K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Add +10.3% | 5,211 | $482K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Reduce -0.7% | 5,203 | $482K |
| M&T Bank Corp | 0.00% | Add +0.5% | 5,067 | $469K |
| Handelsbanken Fonder AB | 0.00% | Add +16.1% | 5,060 | $468K |
| BNP Paribas Financial Markets | 0.00% | Reduce -58.1% | 5,046 | $467K |
| Virtus Investment Advisers, LLC | 0.38% | Reduce -47.2% | 5,034 | $466K |
| Guidance Capital, Inc. | 0.14% | Add +5.8% | 5,206 | $459K |
| Nisa Investment Advisors, LLC | 0.00% | Add +0.2% | 4,817 | $446K |
| ProShare Advisors LLC | 0.00% | Add +34.7% | 4,674 | $433K |
| Centiva Capital, LP | 0.02% | New | 4,661 | $431K |
| Tower Research Capital LLC (TRC) | 0.01% | Add +9.1% | 4,480 | $415K |
| Amundi | 0.00% | Add +27.7% | 4,636 | $410K |
| Captrust Financial Advisors | 0.00% | Add +10.5% | 4,405 | $408K |
| Petrus Trust Company, LTA | 0.04% | Reduce -16.5% | 4,232 | $392K |
| Versor Investments LP | 0.06% | Add +111.8% | 4,113 | $381K |
| Mutual of America Capital Management LLC | 0.00% | Add +1.7% | 3,666 | $339K |
| Castleview Partners, LLC | 0.19% | Add +2.1% | 3,530 | $327K |
| Gsa Capital Partners LLP | 0.02% | New | 3,488 | $323K |
| AlphaQuest LLC | 0.03% | Reduce -41.9% | 3,448 | $319K |
| Pictet Asset Management Holding SA | 0.00% | Add +50.0% | 3,418 | $316K |
| Bank of Montreal | 0.00% | Add +1.9% | 3,296 | $306K |
| Cibc World Market Inc. | 0.00% | No change | 3,189 | $295K |
| Lanark Financial, Inc. | 0.02% | Add +0.1% | 3,130 | $289K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 3,026 | $280K |
| Corton Capital Inc. | 0.13% | Reduce -11.6% | 2,938 | $272K |
| Vestcor Inc | 0.01% | New | 2,922 | $270K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -3.8% | 2,818 | $261K |
| HSBC Holdings PLC | 0.00% | Reduce -68.8% | 2,809 | $259K |
| Advisors Asset Management, Inc. | 0.00% | Reduce -32.1% | 2,605 | $241K |
| Point72 (DIFC) Ltd | 0.02% | Reduce -36.4% | 2,583 | $239K |
| Praxis Investment Management Inc. | 0.01% | No change | 2,550 | $236K |
| Ghe, LLC | 0.09% | No change | 2,531 | $234K |
| HighTower Advisors, LLC | 0.00% | Add +9.8% | 2,448 | $228K |
| XTX Topco Ltd | 0.02% | New | 2,389 | $221K |
| Two Sigma Advisers, LP | 0.00% | New | 2,325 | $215K |
| Bailard, Inc. | 0.01% | New | 2,300 | $213K |
| Ameritas Investment Partners, Inc. | 0.01% | No change | 2,250 | $208K |
| Virtu Financial LLC | 0.01% | New | 2,226 | $206K |
| Raymond James & Associates | 0.00% | Add +2.8% | 2,207 | $204K |
| Quantedge Capital Pte Ltd | 0.06% | Reduce -21.4% | 2,200 | $204K |
| International Assets Investment Management, LLC | 0.02% | Add +13.2% | 2,156 | $200K |
| Edmond DE Rothschild Holding S.A. | 0.00% | Reduce -81.8% | 1,940 | $180K |
| US Bancorp \de | 0.00% | Add +12.8% | 1,938 | $179K |
| FMR LLC | 0.00% | Reduce -4.9% | 1,615 | $149K |
| Cwm, LLC | 0.00% | Add +332.1% | 1,426 | $132K |
| SG Americas Securities, LLC | 0.00% | Reduce -50.5% | 1,352 | $125K |
| Russell Investments Group, Ltd. | 0.00% | Reduce -70.6% | 1,078 | $100K |
| State of Wyoming | 0.01% | New | 1,001 | $93K |
| Covestor Ltd | 0.06% | Reduce -16.8% | 994 | $92K |
| Skandinaviska Enskilda Banken AB (publ) | 0.00% | New | 900 | $83K |
| Sit Investment Associates Inc. | 0.00% | Reduce -45.5% | 900 | $83K |
| Virtus Fund Advisers, LLC | 0.29% | No change | 777 | $72K |
| KBC Group NV | 0.00% | No change | 681 | $63K |
| Allspring Global Investments Holdings, LLC | 0.00% | New | 591 | $55K |
| Leonteq Securities AG | 0.01% | Reduce -13.5% | 540 | $50K |
| Daiwa Securities Group Inc. | 0.00% | Add +21.5% | 480 | $44K |
| Wilmington Savings Fund Society, FSB | 0.00% | New | 400 | $37K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -1.5% | 384 | $36K |
| Rothschild Investment LLC | 0.00% | Add +1.5% | 347 | $32K |
| Quadrant Capital Group LLC | 0.00% | Reduce -5.0% | 307 | $28K |
| EverSource Wealth Advisors, LLC | 0.00% | No change | 237 | $22K |
| Fifth Third Bancorp | 0.00% | Add +30.8% | 204 | $19K |
| Catalyst Funds Management Pty Ltd | 0.00% | New | 200 | $19K |
| Parallel Advisors, LLC | 0.00% | No change | 184 | $17K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -66.6% | 184 | $17K |
| Assetmark, Inc. | 0.00% | New | 180 | $17K |
| GAMMA Investing LLC | 0.00% | Reduce -15.8% | 149 | $14K |
| Earned Wealth Advisors, LLC | 0.00% | New | 137 | $13K |
| Quarry LP | 0.00% | Add +297.0% | 131 | $12K |
| Versant Capital Management, Inc | 0.00% | No change | 129 | $12K |
| Avior Wealth Management, LLC | 0.00% | No change | 113 | $10K |
| Bessemer Group Inc. | 0.00% | Add +31.2% | 101 | $10K |
| True Wealth Design, LLC | 0.00% | New | 102 | $9K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -8.5% | 97 | $9K |
| Cherry Tree Wealth Management, LLC | 0.00% | No change | 96 | $9K |
| Global Retirement Partners, LLC | 0.00% | Reduce -31.6% | 95 | $9K |
| Rosenberg Matthew Hamilton | 0.00% | No change | 89 | $8K |
| Blue Trust, Inc. | 0.00% | No change | 72 | $8K |
| Sterling Capital Management LLC | 0.00% | — | 77 | $7K |
| First Horizon Advisors, Inc. | 0.00% | No change | 73 | $7K |
| Whittier Trust Co. | 0.00% | No change | 72 | $7K |
| Signaturefd, LLC | 0.00% | Reduce -4.5% | 64 | $6K |
| TD Waterhouse Canada Inc. | 0.00% | No change | 57 | $5K |
| Osaic Holdings, Inc. | 0.00% | Reduce -85.5% | 49 | $5K |
| Harbor Capital Advisors, Inc. | 0.00% | New | 43 | $4K |
| Brown Brothers Harriman & Co. | 0.00% | New | 38 | $4K |
| Lindbrook Capital, LLC | 0.00% | No change | 34 | $3K |
| UMB Bank, n.a. | 0.00% | Add +21.4% | 34 | $3K |
| Allworth Financial LP | 0.00% | No change | 33 | $3K |
| WealthCollab, LLC | 0.00% | No change | 31 | $3K |
| LGT Financial Advisors LLC | 0.01% | No change | 31 | $3K |
| GPS Wealth Strategies Group, LLC | 0.00% | No change | 21 | $2K |
| Principal Securities, Inc. | 0.00% | Reduce -4.8% | 20 | $2K |
| Caitlin John, LLC | 0.00% | No change | 16 | $2K |
| Prestige Wealth Management Group LLC | 0.00% | No change | 17 | $2K |
| JFS Wealth Advisors, LLC | 0.00% | Add +6.3% | 17 | $2K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | No change | 16 | $1K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 15 | $1K |
| Sound Income Strategies, LLC | 0.00% | Reduce -93.7% | 14 | $1K |
| Parkside Financial Bank & Trust | 0.00% | No change | 7 | $648 |
| Steward Partners Investment Advisory, LLC | 0.00% | New | 6 | $559 |
| SJS Investment Consulting Inc. | 0.00% | No change | 6 | $556 |
| DiNuzzo Private Wealth, Inc. | 0.00% | No change | 6 | $556 |
| C M Bidwell & Associates Ltd. | 0.00% | No change | 4 | $370 |
| Ridgewood Investments LLC | 0.00% | Reduce -76.9% | 3 | $278 |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -83.3% | 3 | $278 |
| Farther Finance Advisors, LLC | 0.00% | Reduce -40.0% | 3 | $278 |
| Abound Wealth Management | 0.00% | No change | 2 | $186 |
| Claris Advisors, LLC / Mo / | 0.00% | New | 2 | $185 |
| Larson Financial Group LLC | 0.00% | No change | 2 | $185 |
| Mendota Financial Group, LLC | 0.00% | New | 1 | $93 |
| Hemington Wealth Management | 0.00% | New | 8 | $0 |
"% of holder's portfolio" is STRA's weight in each manager's 13F, not the share of Strategic Education Inc. the manager owns.