GRAND CANYON ED INC

Ticker: LOPE CUSIP: 38526M106 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 7,759 Value ($000) $1,290 Avg Close $180.87 Range $149.83 - $223.04

Q3 2025

Shares 8,396 Value ($000) $1,843 Avg Close $192.10 Range $164.42 - $220.22

Q2 2025

Shares 8,376 Value ($000) $1,583 Avg Close $185.33 Range $159.38 - $202.28

Q1 2025

Shares 8,361 Value ($000) $1,447 Avg Close $173.61 Range $159.06 - $192.18

Q4 2024

Shares 8,531 Value ($000) $1,397 Avg Close $153.25 Range $130.69 - $173.37

Q3 2024

Shares 8,564 Value ($000) $1,215 Avg Close $144.40 Range $135.16 - $157.53

Q2 2024

Shares 8,404 Value ($000) $1,176 Avg Close $137.78 Range $126.17 - $156.56

Q1 2024

Shares 8,248 Value ($000) $1,123 Avg Close $130.55 Range $118.48 - $137.30

Q4 2023

Shares 8,464 Value ($000) $1,118 Avg Close $130.10 Range $112.38 - $144.94

Q3 2023

Shares 8,748 Value ($000) $1,022 Avg Close $111.01 Range $101.04 - $119.64

Q2 2023

Shares 8,718 Value ($000) $900 Avg Close $109.88 Range $99.65 - $124.53

Q1 2023

Shares 9,025 Value ($000) $1,028 Avg Close $112.60 Range $105.23 - $121.60

Q4 2022

Shares 9,019 Value ($000) $953 Avg Close $99.74 Range $78.37 - $114.34

Q3 2022

Shares 8,783 Value ($000) $722 Avg Close $86.64 Range $79.00 - $97.29

Q2 2022

Shares 9,574 Value ($000) $902 Avg Close $93.17 Range $83.31 - $102.04

Q1 2022

Shares 10,833 Value ($000) $1,052 Avg Close $87.63 Range $72.00 - $98.79

Q4 2021

Shares 12,162 Value ($000) $1,042 Avg Close $82.48 Range $70.00 - $92.70

Q3 2021

Shares 12,624 Value ($000) $1,110 Avg Close $89.06 Range $83.01 - $96.53

Q2 2021

Shares 12,742 Value ($000) $1,146 Avg Close $98.83 Range $87.00 - $115.96

Q1 2021

Shares 13,640 Value ($000) $1,461 Avg Close $99.33 Range $82.65 - $114.48

Q4 2020

Shares 13,712 Value ($000) $1,277 Avg Close $85.36 Range $75.64 - $95.80

Q3 2020

Shares 14,276 Value ($000) $1,141 Avg Close $90.53 Range $79.35 - $106.14

Q2 2020

Shares 10,871 Value ($000) $984 Avg Close $88.96 Range $69.55 - $103.49

Q1 2020

Shares 11,322 Value ($000) $864 Avg Close $82.29 Range $57.89 - $98.69

Q4 2019

Shares 27,347 Value ($000) $2,620 Avg Close $92.28 Range $76.48 - $101.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,759	$1,290	$180.87	$149.83 - $223.04
Q3 2025	8,396	$1,843	$192.10	$164.42 - $220.22
Q2 2025	8,376	$1,583	$185.33	$159.38 - $202.28
Q1 2025	8,361	$1,447	$173.61	$159.06 - $192.18
Q4 2024	8,531	$1,397	$153.25	$130.69 - $173.37
Q3 2024	8,564	$1,215	$144.40	$135.16 - $157.53
Q2 2024	8,404	$1,176	$137.78	$126.17 - $156.56
Q1 2024	8,248	$1,123	$130.55	$118.48 - $137.30
Q4 2023	8,464	$1,118	$130.10	$112.38 - $144.94
Q3 2023	8,748	$1,022	$111.01	$101.04 - $119.64
Q2 2023	8,718	$900	$109.88	$99.65 - $124.53
Q1 2023	9,025	$1,028	$112.60	$105.23 - $121.60
Q4 2022	9,019	$953	$99.74	$78.37 - $114.34
Q3 2022	8,783	$722	$86.64	$79.00 - $97.29
Q2 2022	9,574	$902	$93.17	$83.31 - $102.04
Q1 2022	10,833	$1,052	$87.63	$72.00 - $98.79
Q4 2021	12,162	$1,042	$82.48	$70.00 - $92.70
Q3 2021	12,624	$1,110	$89.06	$83.01 - $96.53
Q2 2021	12,742	$1,146	$98.83	$87.00 - $115.96
Q1 2021	13,640	$1,461	$99.33	$82.65 - $114.48
Q4 2020	13,712	$1,277	$85.36	$75.64 - $95.80
Q3 2020	14,276	$1,141	$90.53	$79.35 - $106.14
Q2 2020	10,871	$984	$88.96	$69.55 - $103.49
Q1 2020	11,322	$864	$82.29	$57.89 - $98.69
Q4 2019	27,347	$2,620	$92.28	$76.48 - $101.94