SecurityLRN / K12 Inc.
InstitutionHighland Capital Management Lp
Shares821,760
Value $ 11,653,000

Highland Capital Management Lp reports 13.81% decrease in ownership of LRN / K12 Inc.

May 15, 2018 - Highland Capital Management Lp has filed a 13F-HR form disclosing ownership of 821,760 shares of K12 Inc. (NYSE:LRN) with total holdings valued at $11,653,000 USD as of March 31, 2018. Highland Capital Management Lp had filed a previous 13F-HR on February 14, 2018 disclosing 953,480 shares of K12 Inc. at a value of $15,161,000 USD. This represents a change in shares of -13.81 percent and a change in value of -23.14 percent during the quarter.

Other investors with positions similar to Highland Capital Management Lp include D. E. Shaw & Co., Inc., JP Morgan Chase & Co, Acadian Asset Management Llc, State Street Corp, Numeric Investors Llc, and Geode Capital Management, Llc.

K12 Inc. has declared a standard industrial code (sic) of 82 which is the "Educational Services" industry. Highland Capital Management Lp's top industries are "Building Construction General Contractors And Operative Builders" (sic 15), "Tobacco Products" (sic 21), and "Furniture And Fixtures" (sic 25).

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
(%)
2018-03-31 13F-HR K12 COM 48273U102 15.04 821,760 -13.81 11,653 -23.14 -1,981 -1,527 -10.07
2017-12-31 13F-HR K12 COM 48273U102 16.87 953,480 -9.53 15,161 -19.36 -1,694 -1,947 -10.36
2017-09-30 13F-HR K12 COM 48273U102 17.88 1,053,880 -28.35 18,802 -28.67 -7,456 -100 -0.38
2017-06-30 13F-HR K12 COM 48273U102 18.54 1,470,863 -10.13 26,358 -15.90 -3,073 -1,911 -6.10
2017-03-31 13F-HR K12 COM 48273U102 18.16 1,636,658 -15.89 31,342 -6.14 -5,615 3,565 10.68
2016-12-31 13F-HR K12 COM 48273U102 15.76 1,945,925 -14.92 33,392 1.74 -5,375 5,947 18.12
2016-09-30 13F-HR K12 COM 48273U102 13.42 2,287,094 -2.73 32,820 11.75 -862 4,314 14.69
2016-06-30 13F-HR K12 COM 48273U102 11.19 2,351,301 -0.46 29,368 25.71 -121 6,128 26.23
2016-03-31 13F-HR K12 COM 48273U102 9.34 2,362,084 -10.70 23,361 0.37 -2,644 2,729 11.72
2015-12-31 13F-HR K12 COM 48273U102 10.62 2,645,009 -10.01 23,276 -36.35 -3,126 -10,164 -27.80
2015-09-30 13F-HR/A-1 K12 COM 48273U102 12.55 2,939,358 -6.69 36,566 -8.24 -2,644 -640 -1.60
2015-09-30 13F-HR K12 COM 48273U102 2,939,358 36,566
2015-06-30 13F-HR/A-1 K12 COM 48273U102 14.18 3,150,152 -7.35 39,850 -25.44 -3,546 -10,054 -18.81
2015-06-30 13F-HR K12 COM 48273U102 3,150,152 39,850
2015-03-31 13F-HR K12 COM 48273U102 13.79 3,400,152 -7.81 53,450 22.10 -3,972 13,645 31.17
2014-12-31 13F-HR/A-1 K12 COMMON STOCK 48273U102 13.91 3,688,052 2.01 43,777 -24.13 1,012 -14,935 -25.88
2014-12-31 13F-HR K12 COMMON STOCK 48273U102 3,688,052 43,777
2014-09-30 13F-HR K12 COMMON STOCK 48273U102 20.02 3,615,307 69.09 57,700 12.12 29,567 -23,330 -45.33
2014-06-30 13F-HR K12 COMMON STOCK 48273U102 2,138,057 51,463


CUSIP: 48273U102