Strategic Education
STRA
132 hedge funds and large institutions have $457M invested in Strategic Education in 2015 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 64 increasing their positions, 46 reducing their positions, and 16 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 46
4% less funds holding
Funds holding: 137 → 132 (-5)
19% less capital invested
Capital invested by funds: $562M → $457M (-$105M)
31% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 16
77% less call options, than puts
Call options by funds: $1.62M | Put options by funds: $6.95M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cortland Advisers
Wilmington,
Delaware
|
+$7.35M |
| 2 |
MA
Marshfield Associates
Washington,
District of Columbia
|
+$6.76M |
| 3 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
+$5.49M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$5.09M |
| 5 |
Renaissance Technologies
New York
|
+$3.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCP
TAMRO Capital Partners
Alexandria,
Virginia
|
-$19.1M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$6.68M |
| 3 |
D.E. Shaw & Co
New York
|
-$2M |
| 4 |
TCM
TCS Capital Management
New York
|
-$1.88M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$1.43M |
STRA Hedge Fund Activity: Q2 2015 in Review
132 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Strategic Education (STRA) for Q2 2015, worth a combined $457M — down 19% from $562M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of STRA and 11 opened new positions — a net loss of 5 holders — while 46 trimmed existing stakes and 64 added.
The largest buyer was Cortland Advisers, opening a new position worth an estimated $7.35M. The largest seller was TAMRO Capital Partners, exiting entirely with an estimated $19.1M sold.
- 132 institutional investors held Strategic Education (STRA) as of Q2 2015, down from 137 in Q1 2015.
- Funds reported $457M of Strategic Education stock for Q2 2015, down 19% quarter-over-quarter.
- 11 funds opened new Strategic Education positions in Q2 2015 and 16 closed out, a net change of -5 holders.
- The largest Strategic Education buyer in Q2 2015 was Cortland Advisers, an estimated $7.35M added.
- The largest Strategic Education seller in Q2 2015 was TAMRO Capital Partners, an estimated $19.1M sold.
Based on aggregated 13F filings for Q2 2015.