Chegg
CHGG
229 hedge funds and large institutions have $714M invested in Chegg in 2024 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 28 closing their positions.
36% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 28
4.27% more ownership
Funds ownership: 87.28% → 91.55% (+4.3%)
3% more funds holding
Funds holding: 222 → 229 (+7)
20% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 88
30% less call options, than puts
Call options by funds: $12.2M | Put options by funds: $17.5M
38% less capital invested
Capital invested by funds: $1.15B → $714M (-$434M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| 1 |
UBS AM
Chicago,
Illinois
|
+$15.1M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$13.8M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$8.03M |
| 4 |
D.E. Shaw & Co
New York
|
+$7.11M |
| 5 |
Walleye Capital
New York
|
+$4.26M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$38.8M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$19.3M |
| 3 |
SC
Sylebra Capital
Palo Alto,
California
|
-$16.9M |
| 4 |
Millennium Management
New York
|
-$13.3M |
| 5 |
CC
Clearline Capital
New York
|
-$12.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PTC
251
Private Trust Company
Cleveland,
Ohio
| – | -$5.4K | -475 | Closed |
|
|
BFEC
252
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$5K | -437 | Closed |
|
|
PWA
253
Provenance Wealth Advisors
Fort Lauderdale,
Florida
| – | -$3.61K | -318 | Closed |
|
|
CG
254
Cutler Group
San Francisco,
California
| – | -$1.9K | -207 | Closed |
|
|
SPIA
255
Steward Partners Investment Advisory
New York
| – | -$1.99K | -175 | Closed |
|
|
IA
256
IFP Advisors
Tampa,
Florida
| – | -$136 | -12 | Closed |
|
257
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11 | -1 | Closed |
|
CHGG Hedge Fund Activity: Q1 2024 in Review
229 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2024, worth a combined $714M — down 38% from $1.15B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new CHGG positions and 28 closed out — a net gain of 10 holders — while 70 added to existing stakes and 88 trimmed.
The largest buyer was UBS AM, adding an estimated $15.1M. The largest seller was Morgan Stanley, cutting an estimated $38.8M.
- 229 institutional investors held Chegg (CHGG) as of Q1 2024, up from 222 in Q4 2023.
- Funds reported $714M of Chegg stock for Q1 2024, down 38% quarter-over-quarter.
- 38 funds opened new Chegg positions in Q1 2024 and 28 closed out, a net change of +10 holders.
- The largest Chegg buyer in Q1 2024 was UBS AM, an estimated $15.1M added.
- The largest Chegg seller in Q1 2024 was Morgan Stanley, an estimated $38.8M sold.
Based on aggregated 13F filings for Q1 2024.