Chegg
CHGG
226 hedge funds and large institutions have $3.32B invested in Chegg in 2018 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 73 increasing their positions, 79 reducing their positions, and 34 closing their positions.
98% more call options, than puts
Call options by funds: $11.3M | Put options by funds: $5.73M
50% more funds holding in top 10
Funds holding in top 10: 14 → 21 (+7)
29% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 34
4% more funds holding
Funds holding: 217 → 226 (+9)
1% more capital invested
Capital invested by funds: $3.29B → $3.32B (+$29.1M)
0.11% more ownership
Funds ownership: 101.44% → 101.54% (+0.11%)
8% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$72.2M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$45.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$36.9M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
+$20.7M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$18.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$144M |
| 2 |
Primecap Management
Pasadena,
California
|
-$37.4M |
| 3 |
HCM
Hitchwood Capital Management
New York
|
-$21.5M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$18.1M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$16.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NC
251
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$205K | -7,225 | Closed |
|
|
PCM
252
Prelude Capital Management
New York
| – | -$162K | -5,710 | Closed |
|
253
Mitsubishi UFJ Asset Management
Tokyo,
Japan
| – | -$66K | -2,312 | Closed |
|
254
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$56K | -1,966 | Closed |
|
|
MYIA
255
Mount Yale Investment Advisors
Denver,
Colorado
| – | -$41K | -1,482 | Closed |
|
|
AIM
256
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$15K | -542 | Closed |
|
|
TRCT
257
Tower Research Capital (TRC)
New York
| – | -$14K | -490 | Closed |
|
|
APA
258
American Portfolios Advisors
Holbrook,
New York
| – | -$2.84K | -100 | Closed |
|
259
Parallax Volatility Advisers
San Francisco,
California
| – | -$3K | -91 | Closed |
|
|
EWM
260
Executive Wealth Management
Brighton,
Michigan
| – | +$323 | +12 | New |
|
CHGG Hedge Fund Activity: Q4 2018 in Review
226 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2018, worth a combined $3.32B — up 0.89% from $3.29B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CHGG positions and 34 closed out — a net gain of 10 holders — while 73 added to existing stakes and 79 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $72.2M. The largest seller was Fidelity Investments, cutting an estimated $144M.
- 226 institutional investors held Chegg (CHGG) as of Q4 2018, up from 217 in Q3 2018.
- Funds reported $3.32B of Chegg stock for Q4 2018, up 0.89% quarter-over-quarter.
- 44 funds opened new Chegg positions in Q4 2018 and 34 closed out, a net change of +10 holders.
- The largest Chegg buyer in Q4 2018 was Baillie Gifford & Co, an estimated $72.2M added.
- The largest Chegg seller in Q4 2018 was Fidelity Investments, an estimated $144M sold.
Based on aggregated 13F filings for Q4 2018.