Chegg
CHGG
277 hedge funds and large institutions have $2.48B invested in Chegg in 2022 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 92 increasing their positions, 90 reducing their positions, and 44 closing their positions.
78% more call options, than puts
Call options by funds: $78.2M | Put options by funds: $44M
9% more capital invested
Capital invested by funds: $2.28B → $2.48B (+$197M)
5% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 44
2% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 90
0% less funds holding
Funds holding: 278 → 277 (-1)
3.37% less ownership
Funds ownership: 96.6% → 93.23% (-3.4%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$30.9M |
| 2 |
D.E. Shaw & Co
New York
|
+$26M |
| 3 |
CS
Candriam SCA
Strassen, Luxembourg,
Luxembourg
|
+$21.6M |
| 4 |
Sands Capital Management
Arlington,
Virginia
|
+$12.7M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$39.8M |
| 2 |
Renaissance Technologies
New York
|
-$27.7M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$22.3M |
| 4 |
Two Sigma Investments
New York
|
-$19.9M |
| 5 |
Millennium Management
New York
|
-$19.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
Allianz Asset Management
Munich,
Germany
| – | -$2K | -88 | Closed |
|
|
PFBT
302
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$1K | -78 | Closed |
|
|
NFSG
303
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$1K | -75 | Closed |
|
|
PFS
304
Prospera Financial Services
Dallas,
Texas
| – | -$1K | -49 | Closed |
|
|
DI
305
Disciplined Investments
Tulsa,
Oklahoma
| – | +$83 | +4 | +133% |
|
|
JFA
306
JNBA Financial Advisors
Bloomington,
Minnesota
| – | +$104 | +5 | New |
|
|
CAL
307
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | +$145 | +7 | +64% |
|
|
HGERS
308
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
| – | +$207 | +10 | New |
|
|
SIC
309
SJS Investment Consulting
Sylvania,
Ohio
| – | +$352 | +17 | New |
|
CHGG Hedge Fund Activity: Q3 2022 in Review
277 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2022, worth a combined $2.48B — up 8.6% from $2.28B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new CHGG positions and 44 closed out — a net gain of 2 holders — while 92 added to existing stakes and 90 trimmed.
The largest buyer was Eagle Asset Management, opening a new position worth an estimated $30.9M. The largest seller was Wellington Management Group, cutting an estimated $39.8M.
- 277 institutional investors held Chegg (CHGG) as of Q3 2022, down from 278 in Q2 2022.
- Funds reported $2.48B of Chegg stock for Q3 2022, up 8.6% quarter-over-quarter.
- 46 funds opened new Chegg positions in Q3 2022 and 44 closed out, a net change of +2 holders.
- The largest Chegg buyer in Q3 2022 was Eagle Asset Management, an estimated $30.9M added.
- The largest Chegg seller in Q3 2022 was Wellington Management Group, an estimated $39.8M sold.
Based on aggregated 13F filings for Q3 2022.