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Chegg
CHGG
CHGG
229 hedge funds and large institutions have $1.01B invested in Chegg in 2023 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 72 increasing their positions, 81 reducing their positions, and 71 closing their positions.
New
Increased
Maintained
Reduced
Closed
5.69% more ownership
Funds ownership: 88.7% → 94.38% (+5.7%)
11% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 81
13% less funds holding
Funds holding: 263 → 229 (-34)
38% less call options, than puts
Call options by funds: $19.1M | Put options by funds: $30.6M
45% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 71
45% less capital invested
Capital invested by funds: $1.84B → $1.01B (-$836M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Holders
229
Holders Change
-34
Holders Change %
-12.93%
% of All Funds
3.6%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
39
Increased
72
Reduced
81
Closed
71
Calls
$19.1M
Puts
$30.6M
Net Calls
-$11.5M
Net Calls Change
+$5.52M
Top Buyers
| 1 |
Jane Street
New York
|
+$100M |
| 2 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$64.3M |
| 3 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$21.4M |
| 4 |
Man Group
London,
United Kingdom
|
+$21.1M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.4M |
Top Sellers
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$108M |
| 2 |
ClearBridge Investments
New York
|
-$47.1M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$40.3M |
| 4 |
FAM
Fred Alger Management
New York
|
-$38.6M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$33.9M |
