Chegg
CHGG
431 hedge funds and large institutions have $9.15B invested in Chegg in 2020 Q3 according to their latest regulatory filings, with 110 funds opening new positions, 148 increasing their positions, 138 reducing their positions, and 79 closing their positions.
39% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 79
28% more call options, than puts
Call options by funds: $174M | Put options by funds: $136M
10% more capital invested
Capital invested by funds: $8.29B → $9.15B (+$862M)
7% more funds holding
Funds holding: 404 → 431 (+27)
3.56% more ownership
Funds ownership: 99.7% → 103.27% (+3.6%)
7% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 138
21% less funds holding in top 10
Funds holding in top 10: 14 → 11 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$151M |
| 2 |
Neuberger Berman Group
New York
|
+$129M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$122M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$102M |
| 5 |
PC
Polar Capital
London,
United Kingdom
|
+$87.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$81.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$76.5M |
| 3 |
D.E. Shaw & Co
New York
|
-$63M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$57.3M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$53.2M |
CHGG Hedge Fund Activity: Q3 2020 in Review
431 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2020, worth a combined $9.15B — up 10% from $8.29B a quarter earlier.
Buyers outnumbered sellers: 110 funds opened new CHGG positions and 79 closed out — a net gain of 31 holders — while 148 added to existing stakes and 138 trimmed.
The largest buyer was Artisan Partners, adding an estimated $151M. The largest seller was Millennium Management, cutting an estimated $81.7M.
- 431 institutional investors held Chegg (CHGG) as of Q3 2020, up from 404 in Q2 2020.
- Funds reported $9.15B of Chegg stock for Q3 2020, up 10% quarter-over-quarter.
- 110 funds opened new Chegg positions in Q3 2020 and 79 closed out, a net change of +31 holders.
- The largest Chegg buyer in Q3 2020 was Artisan Partners, an estimated $151M added.
- The largest Chegg seller in Q3 2020 was Millennium Management, an estimated $81.7M sold.
Based on aggregated 13F filings for Q3 2020.