Dark Forest Capital Management’s Grand Canyon Education LOPE Stock Holding History

Dark Forest Capital Management’s Portfolio LOPE Stock Details LOPE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-4,131	Closed	-$907K	–	1187
2025 Q3	$907K	Sell	4,131 -5,883	-59%	-$1.13M	0.03%	777
2025 Q2	$1.89M	Buy	10,014 +8,456	+543%	+$1.57M	0.08%	474
2025 Q1	$270K	Buy	+1,558	New	+$270K	0.01%	1087
2024 Q3	–	Sell	-2,773	Closed	-$388K	–	1073
2024 Q2	$388K	Buy	+2,773	New	+$382K	0.07%	357
2023 Q4	–	Sell	-5,069	Closed	-$592K	–	827
2023 Q3	$592K	Buy	+5,069	New	+$563K	0.05%	637
2022 Q2	–	Sell	-1	Closed	–	–	1161
2022 Q1	$0	Buy	+1	New	+$88	﹤0.01%	1558
2021 Q4	–	Sell	-80	Closed	-$7K	–	1635
2021 Q3	$7K	Buy	+80	New	+$7.13K	﹤0.01%	1049

Other funds holding LOPE

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

GKIM

GW&K Investment Management Boston, Massachusetts $11.3B AUM 31.98% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

VBA

Van Berkom & Associates Montreal, Quebec, Canada $3.08B AUM 12.07% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Dark Forest Capital Management's LOPE Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Grand Canyon Education (LOPE) in Q4 2025, closing a stake of 4,131 shares — an estimated $907K sold.

Dark Forest Capital Management first reported a position in LOPE in Q3 2021 and held it in 7 quarters. The position peaked at $1.89M in Q2 2025. 484 funds tracked by Wall St. Rank hold LOPE as of Q4 2025.

Dark Forest Capital Management reported no remaining Grand Canyon Education position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 4,131 Grand Canyon Education shares in Q4 2025, an estimated $907K.
Dark Forest Capital Management first reported a position in Grand Canyon Education in Q3 2021 and held it in 7 quarters.
Dark Forest Capital Management's Grand Canyon Education position peaked at $1.89M in Q2 2025.
484 funds tracked by Wall St. Rank held Grand Canyon Education as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.