<SEC-DOCUMENT>0001398344-11-001087.txt : 20110511
<SEC-HEADER>0001398344-11-001087.hdr.sgml : 20110511
<ACCEPTANCE-DATETIME>20110510174917
ACCESSION NUMBER:		0001398344-11-001087
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110511
DATE AS OF CHANGE:		20110510

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPELLA EDUCATION CO
		CENTRAL INDEX KEY:			0001104349
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-82204
		FILM NUMBER:		11829536

	BUSINESS ADDRESS:	
		STREET 1:		225 SOUTH 6TH STREET
		STREET 2:		9TH FLOOR
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		(612) 659-5360

	MAIL ADDRESS:	
		STREET 1:		225 SOUTH 6TH STREET
		STREET 2:		9TH FLOOR
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LONDON CO OF VIRGINIA
		CENTRAL INDEX KEY:			0001259887
		IRS NUMBER:				541703318
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		1801 BAYBERRY COURT
		STREET 2:		SUITE 301
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23226
		BUSINESS PHONE:		804 775 0317

	MAIL ADDRESS:	
		STREET 1:		1801 BAYBERRY COURT
		STREET 2:		SUITE 301
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23226
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>fp0002925_sc13g-capella.txt
<TEXT>

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                           PURSUANT TO RULE 13d-2(b)
                               (AMENDMENT NO. )*

                            Capella Education Company
                                (Name of Issuer)

                          Common Stock, Par Value $0.01
                         (Title of Class of Securities)

                                   139594105
                                 (CUSIP Number)

                                 April 29, 2011
            (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      [X] Rule 13d-1(b)

      [ ] Rule 13d-1(c)

      [ ] Rule 13d-1(d)


<PAGE>


1.    NAMES OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

      London Co of Virginia
      54-1703318

2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                         (a) [ ]
                                                                         (b) [ ]

3.    SEC USE ONLY

4.    CITIZENSHIP OR PLACE OF ORGANIZATION

      Virginia

              5.     SOLE VOTING POWER
                     871,832
  NUMBER OF
   SHARES     6.     SHARED VOTING POWER
BENEFICIALLY         0
  OWNED BY
    EACH      7.     SOLE DISPOSITIVE POWER
  REPORTING          871,832
   PERSON
    WITH      8.     SHARED DISPOSITIVE POWER
                     13,799

9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      885,631

10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
      Instructions)                                                          [ ]

11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
      5.63%

12.   TYPE OF REPORTING PERSON (See Instructions)
      IA


<PAGE>


ITEM 1(A).        NAME OF ISSUER.
                  Capella Education Company

ITEM 1(B).        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
                  Capella Tower
                  225 South Street, 9th Floor
                  Minneapolis, Minnesota 55402

ITEM 2(A).        NAMES OF PERSON FILING.
                  London Co of Virginia

ITEM 2(B).        ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.
                  1801 Bayberry Court, Suite 301
                  Richmond, Virginia 23226

ITEM 2(C).        CITIZENSHIP.
                  Virginia

ITEM 2(D).        TITLE OF CLASS OF SECURITIES.
                  Common Stock, Par Value $0.01

ITEM 2(E).        CUSIP NUMBER.
                  139594105

ITEM 3.   IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13d-2(b) OR
          (c), CHECK WHETHER THE PERSON FILING IS A:

    (a) [ ]  Broker or dealer registered under Section 15 of the Exchange Act.

    (b) [ ]  Bank as defined in Section 3(a)(6) of the Exchange Act.

    (c) [ ]  Insurance company as defined in Section 3(a)(19) of the Exchange
             Act.

    (d) [ ]  Investment company registered under Section 8 of the Investment
             Company Act.

    (e) [X]  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

    (f) [ ]  An employee benefit plan or endowment fund in accordance with Rule
             13d-1(b)(1)(ii)(F);

    (g) [ ]  A parent holding company or control person in accordance with Rule
             13d-1(b)(1)(ii)(G);

    (h) [ ]  A savings association as defined in Section 3(b) of the Federal
             Deposit Insurance Act;

    (i) [ ]  A church plan that is excluded from the definition of an investment
             company under Section 3(c)(14) of the Investment Company Act;

    (j) [ ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).


<PAGE>


ITEM 4.            OWNERSHIP.

                   (a)   Amount beneficially owned:  885,631 shares

                   (b)   Percent of class:  5.63%

                   (c)   Number of shares as to which the person has:

                         (i)   Sole power to vote or to direct
                               the vote:                                871,832
                         (ii)  Shared power to vote or to direct
                               the vote:                                      0
                         (iii) Sole power to dispose or to direct
                               the disposition of:                      871,832
                         (iv)  Shared power to dispose or to direct
                               the disposition of:                       13,799

ITEM 5.            OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

                   If this statement is being filed to report the fact that as
                   of the date hereof the reporting person has ceased to be the
                   beneficial owner of more than five percent of the class of
                   securities, check the following [ ].

ITEM 6.            OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
                   PERSON.

                   N/A

ITEM 7.            IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                   ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
                   COMPANY OR CONTROL PERSON.

                   N/A

ITEM 8.            IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                   N/A

ITEM 9.            NOTICE OF DISSOLUTION OF GROUP.

                   N/A

ITEM 10.           CERTIFICATIONS.

      By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.


                                    SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                    Date: May 10, 2011

                                    London Co of Virginia

                                    By: /s/ Carolyn Maloney
                                    Carolyn Maloney
                                    Chief Compliance Officer
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>