SecurityLRN / K12 Inc.
InstitutionCornerstone Capital Management Holdings Llc.
Shares204,953
Value $ 3,257,000

Cornerstone Capital Management Holdings Llc. reports 21.37% decrease in ownership of LRN / K12 Inc.

February 14, 2018 - Cornerstone Capital Management Holdings Llc. has filed a 13F-HR form disclosing ownership of 204,953 shares of K12 Inc. (NYSE:LRN) with total holdings valued at $3,257,000 USD as of December 31, 2017. Cornerstone Capital Management Holdings Llc. had filed a previous 13F-HR on November 14, 2017 disclosing 260,653 shares of K12 Inc. at a value of $4,649,000 USD. This represents a change in shares of -21.37 percent and a change in value of -29.94 percent during the quarter.

Other investors with positions similar to Cornerstone Capital Management Holdings Llc. include Two Sigma Investments Llc, ClariVest Asset Management LLC, California Public Employees Retirement System, Federated Investors Inc /pa/, Jacobs Levy Equity Management, Inc, and Parametric Portfolio Associates Llc.

K12 Inc. has declared a standard industrial code (sic) of 82 which is the "Educational Services" industry. Cornerstone Capital Management Holdings Llc.'s top industries are "Pipelines, Except Natural Gas" (sic 46), "Legal Services" (sic 81), and "Construction Special Trade Contractors" (sic 17).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2017-12-31 13F-HR K12 COM 48273U102 16.86 204,953 -21.37 3,257 -29.94 -939 -453 -9.74
2017-09-30 13F-HR K12 COM 48273U102 17.88 260,653 -0.57 4,649 -1.02 -27 -21 -0.45
2017-06-30 13F-HR K12 COM 48273U102 18.53 262,153 4.67 4,697 -2.04 217 -315 -6.57
2017-03-31 13F-HR K12 COM 48273U102 18.15 250,453 3.28 4,795 15.24 144 490 11.77
2016-12-31 13F-HR K12 COM 48273U102 15.75 242,500 21.01 4,161 44.73 663 623 21.66
2016-09-30 13F-HR K12 COM 48273U102 13.42 200,400 204.10 2,875 249.33 1,805 247 30.05
2016-06-30 13F-HR K12 COM 48273U102 11.19 65,900 226.24 823 311.50 512 111 55.70
2016-03-31 13F-HR K12 COM 48273U102 9.36 20,200 -11.40 200 -0.50 -24 23 11.61
2015-12-31 13F-HR K12 COM 48273U102 10.64 22,800 40.74 201 -0.50 70 -71 -35.27
2015-09-30 13F-HR K12 COM 48273U102 12.56 16,200 -4.71 202 -6.05 -10 -3 -1.37
2015-06-30 13F-HR K12 COM 48273U102 14.18 17,000 -75.68 215 -80.44 -750 -134 -12.16
2015-03-31 13F-HR K12 COM 48273U102 13.79 69,900 21.35 1,099 60.91 170 246 36.07
2014-12-31 13F-HR K12 COM 48273U102 57,600 683


CUSIP: 48273U102