AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
Divisadero Street Capital Management, LP1,671,558$63,185
325 CAPITAL LLC1,528,503$57,777
BlackRock, Inc.1,500,446$56,717
VANGUARD GROUP INC1,138,861$43,049
RENAISSANCE TECHNOLOGIES LLC962,920$36,398
No Street GP LP925,000$34,965
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.857,226$32,403
DIMENSIONAL FUND ADVISORS LP847,320$32,028
BANK OF AMERICA CORP /DE/762,662$28,829
AMERICAN CENTURY COMPANIES INC633,265$23,937
ACADIAN ASSET MANAGEMENT LLC613,323$23
GOLDMAN SACHS GROUP INC595,704$22,518
DRIEHAUS CAPITAL MANAGEMENT LLC458,854$17,345
GEODE CAPITAL MANAGEMENT, LLC432,003$16,333
MORGAN STANLEY406,025$15,348
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP396,903$15,003
ROYCE & ASSOCIATES LP358,543$13,553
STATE STREET CORP343,188$12,973
UBS Group AG263,533$9,962
SYSTEMATIC FINANCIAL MANAGEMENT LP261,516$9,885
BRIDGEWAY CAPITAL MANAGEMENT, LLC250,764$9,479
AMERIPRISE FINANCIAL INC235,046$8,885
Point72 Asset Management, L.P.225,958$8,541
CSM Advisors, LLC218,045$8
Bastion Asset Management Inc.212,964$7,828
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.195,316$7,383
Assenagon Asset Management S.A.180,835$6,836
4D Advisors, LLC175,000$6,615
NORTHERN TRUST CORP168,391$6,365
Pacific Ridge Capital Partners, LLC167,275$6,323
PANAGORA ASSET MANAGEMENT INC158,603$5,995
AQR CAPITAL MANAGEMENT LLC137,907$5,213
JPMORGAN CHASE & CO130,600$4,937
Manatuck Hill Partners, LLC126,466$4,780
CenterBook Partners LP119,268$4,508
Empowered Funds, LLC110,614$4,181
AWM Investment Company, Inc.92,500$3,497
CHARLES SCHWAB INVESTMENT MANAGEMENT INC86,706$3,277
SEGALL BRYANT & HAMILL, LLC85,528$3,233
CANNELL CAPITAL LLC79,518$3,006
Polar Asset Management Partners Inc.76,500$2,892
Bank of New York Mellon Corp71,061$2,686
LAZARD ASSET MANAGEMENT LLC63,741$2,409
Pacer Advisors, Inc.63,644$2,406
LSV ASSET MANAGEMENT63,100$2
FEDERATED HERMES, INC.62,188$2,351
Qube Research & Technologies Ltd59,577$2,252
CREDIT AGRICOLE S A59,253$2,240
FIRST TRUST ADVISORS LP57,174$2,161
MACKENZIE FINANCIAL CORP51,377$1,919
CROWN ADVISORS MANAGEMENT, INC.50,000$2
Connor, Clark & Lunn Investment Management Ltd.49,877$1,885
STATE OF WISCONSIN INVESTMENT BOARD49,018$1,853
Fisher Asset Management, LLC48,988$1,852
Invesco Ltd.44,470$1,681
FRANKLIN RESOURCES INC41,570$1,571
SEI INVESTMENTS CO38,719$1,464
RAYMOND JAMES FINANCIAL INC37,921$1,433
WEDGE CAPITAL MANAGEMENT L L P/NC35,734$1,351
Russell Investments Group, Ltd.34,913$1,320
GLOBEFLEX CAPITAL L P34,392$1,300
BARCLAYS PLC34,348$1,298
PRINCIPAL FINANCIAL GROUP INC34,106$1,289
Nuveen, LLC33,916$1,282
BLAIR WILLIAM & CO/IL32,028$1,211
VICTORY CAPITAL MANAGEMENT INC29,502$1,115
EAM Investors, LLC28,398$1,073
Integrated Quantitative Investments LLC27,202$1,028
MILLENNIUM MANAGEMENT LLC26,377$997
Brinker Capital Investments, LLC24,576$929
Y-Intercept (Hong Kong) Ltd22,475$850
RHUMBLINE ADVISERS21,707$821
WELLS FARGO & COMPANY/MN19,058$720
SHEETS SMITH WEALTH MANAGEMENT18,840$712
STRS OHIO17,000$643
Banco Santander, S.A.16,706$631
HRT FINANCIAL LP16,076$1
ALLIANCEBERNSTEIN L.P.15,520$587
SUSQUEHANNA INTERNATIONAL GROUP, LLP14,667$554
POLEN CAPITAL MANAGEMENT LLC14,117$534
EntryPoint Capital, LLC13,228$500
DEUTSCHE BANK AG\12,734$481
Trexquant Investment LP12,387$468
Engineers Gate Manager LP12,270$464
NAVELLIER & ASSOCIATES INC12,236$463
CHANNEL WEALTH LLC11,648$440
Verition Fund Management LLC11,502$435
COMERICA BANK11,384$430
Creative Planning11,201$423
State of Wyoming10,619$401
Yarbrough Capital, LLC10,587$400
Allspring Global Investments Holdings, LLC10,564$399
Parallel Advisors, LLC10,400$393
MetLife Investment Management, LLC10,171$384
PRICE T ROWE ASSOCIATES INC /MD/10,150$0
TWO SIGMA ADVISERS, LP10,100$382
Brevan Howard Capital Management LP10,046$380
REDWOOD CAPITAL MANAGEMENT, LLC10,000$378
Versor Investments LP10,000$378
O'SHAUGHNESSY ASSET MANAGEMENT, LLC8,489$321
68 other institutions170,694$5,502
Total (168 institutions)20,044,903$719,849