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Ader Investment Management LP
> APOL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2011 | APOLLO EDUCATION GROUP INC | APOL | 13,781 | -9,429 | 742,000 | -177,000 | $53.84 |
| 09/30/2011 | APOLLO EDUCATION GROUP INC | APOL | 23,210 | 14,778 | 919,000 | 551,000 | $39.60 |
| 06/30/2011 | APOLLO EDUCATION GROUP INC | APOL | 8,432 | 8,432 | 368,000 | 368,000 | $43.64 |
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