13FPulse
中
AP

APEI AMERICAN PUBLIC EDUCATION

2026Q2 · CUSIP 02913V103 · Sector: Other

Cooling

Net holder growth weakened from last quarter

Funds that own it
205
Institutions that reported holding it to the SEC
Net increase in holders
+2
Last quarter 203 → now 205
How unusual is that
Below average
Stronger than only 45% of US stocks
What the filings say, in one paragraph

205 funds held APEI at the end of 2026Q2, up 2 from the quarter before. Buying has come off its highs, but funds are not exiting. On the business itself, revenue over the last 12 months was $668M(YoY +3.6%), the P/E is 18.8x, return on equity is 14.5%. APEI has had 9 buying rushes in its history, and the price moved -0.6% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Other sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=124 2013Q4: holders=126 2014Q1: holders=114 2014Q2: holders=115 2014Q3: holders=111 2014Q4: holders=129 2015Q1: holders=124 2015Q2: holders=119 2015Q3: holders=116 2015Q4: holders=120 2016Q1: holders=128 2016Q2: holders=143 2016Q3: holders=126 2016Q4: holders=133 2017Q1: holders=113 2017Q2: holders=117 2017Q3: holders=117 2017Q4: holders=123 2018Q1: holders=147 2018Q2: holders=149 2018Q3: holders=132 2018Q4: holders=131 2019Q1: holders=133 2019Q2: holders=119 2019Q3: holders=122 2019Q4: holders=122 2020Q1: holders=119 2020Q2: holders=144 2020Q3: holders=136 2020Q4: holders=128 2021Q1: holders=138 2021Q2: holders=131 2021Q3: holders=127 2021Q4: holders=120 2022Q1: holders=110 2022Q2: holders=103 2022Q3: holders=113 2022Q4: holders=122 2023Q1: holders=94 2023Q2: holders=77 2023Q3: holders=69 2023Q4: holders=78 2024Q1: holders=96 2024Q2: holders=100 2024Q3: holders=105 2024Q4: holders=110 2025Q1: holders=116 2025Q2: holders=137 2025Q3: holders=159 2025Q4: holders=169 2026Q1: holders=203 2026Q2: holders=205 -34 -17 +0 +17 +34 62139216 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 9 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 10% — —
2025Q3 Top 20% +31.0% +59.8%
2025Q2 Top 20% +17.7% +51.5%
2024Q1 Top 20% -21.2% -0.4%
2022Q3 Top 20% -4.7% -52.1%
2020Q2 Top 20% -11.3% -17.1%
2018Q1 Top 10% -12.3% -18.5%
2016Q2 Top 20% +0.6% +8.6%
2014Q4 Top 20% -31.0% -36.5%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
120
Change in large funds
+16
Total value they hold
$1.0B
Funds buying for the first time
38
Funds that sold out entirely
36
Price change that quarter
-15.9%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
3

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
18.8
EPS (TTM)
$2.43
EPS YoY
+129.3%
Revenue (TTM)
$0.7B
Revenue YoY
+3.6%
Net margin
6.8%
ROE
14.5%
Debt ratio
41.6%
FCF (TTM)
$70M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.01 2021-12-31: EPS 0.50 2022-03-31: EPS 0.28 2022-06-30: EPS -5.82 2022-09-30: EPS -0.20 2022-12-31: EPS -0.35 2023-03-31: EPS -0.38 2023-06-30: EPS -2.93 2023-09-30: EPS -0.27 2023-12-31: EPS 0.64 2024-03-31: EPS -0.06 2024-06-30: EPS -0.06 2024-09-30: EPS 0.04 2024-12-31: EPS 0.63 2025-03-31: EPS 0.41 2025-06-30: EPS -0.02 2025-09-30: EPS 0.30 2025-12-31: EPS 0.67 2026-03-31: EPS 0.94 2026-06-30: EPS 0.52 0M 87M 175M $M -6.40 -2.68 1.03 201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 28 17 40 62 202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-29M16M61M 20162017201820192020202120222023202420252026
Latest quarter $61M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.