First Sabrepoint Capital Management’s Grand Canyon Education LOPE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$9.86M	Buy	58,000 +8,000	+16%	+$1.34M	4.03%	6
2025 Q4	$8.32M	Buy	50,000 +20,000	+67%	+$3.62M	3.42%	12
2025 Q3	$6.59M	Sell	30,000 -10,000	-25%	-$1.92M	2.66%	16
2025 Q2	$7.56M	Sell	40,000 -20,000	-33%	-$3.71M	3.24%	12
2025 Q1	$10.4M	Sell	60,000 -15,000	-20%	-$2.6M	4.34%	9
2024 Q4	$12.3M	Buy	75,000 +58,150	+345%	+$8.91M	4.6%	7
2024 Q3	$2.39M	Buy	+16,850	New	+$2.43M	0.92%	43
2024 Q2	–	Hold	0	–	–	–	72
2024 Q1	–	Hold	0	–	–	–	68
2023 Q4	–	Sell	-88,109	Closed	-$10.3M	–	63
2023 Q3	$10.3M	Sell	88,109 -106,891	-55%	-$11.9M	4.78%	7
2023 Q2	$20.1M	Sell	195,000 -15,000	-7%	-$1.65M	8.81%	1
2023 Q1	$23.9M	Buy	210,000 +10,000	+5%	+$1.13M	10.05%	1
2022 Q4	$21.1M	Buy	200,000 +89,900	+82%	+$8.97M	10.36%	2
2022 Q3	$9.06M	Buy	110,100 +44,100	+67%	+$3.82M	4.39%	10
2022 Q2	$6.22M	Buy	+66,000	New	+$6.15M	2.68%	19
2020 Q2	–	Sell	-230,000	Closed	-$17.5M	–	40
2020 Q1	$17.5M	Buy	230,000 +131,596	+134%	+$10.8M	7.67%	2
2019 Q4	$9.43M	Buy	98,404 +3,404	+4%	+$314K	3.82%	13
2019 Q3	$9.33M	Sell	95,000 -50,000	-34%	-$5.96M	4.52%	8
2019 Q2	$17M	Sell	145,000 -55,000	-28%	-$6.56M	8.48%	2
2019 Q1	$22.9M	Buy	200,000 +65,000	+48%	+$6.7M	11.56%	1
2018 Q4	$13M	Buy	135,000 +15,000	+13%	+$1.74M	7.18%	4
2018 Q3	$13.5M	Buy	120,000 +20,000	+20%	+$2.33M	7.51%	4
2018 Q2	$11.2M	Buy	100,000 +20,000	+25%	+$2.19M	6.95%	5
2018 Q1	$8.39M	Buy	80,000 +9,635	+14%	+$931K	5.97%	6
2017 Q4	$6.3M	Buy	+70,365	New	+$6.37M	5.8%	5