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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
431
Holders Change
+27
Holders Change %
+6.68%
% of All Funds
8.7%
Holding in Top 10
11
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-21.43%
% of All Funds
0.22%
New
110
Increased
148
Reduced
138
Closed
79
Calls
$174M
Puts
$136M
Net Calls
+$38.6M
Net Calls Change
-$3.05M

Top Buyers

1
Artisan Partners
Artisan Partners
Wisconsin
+$151M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$129M
3
Wells Fargo
Wells Fargo
California
+$122M
4
Invesco
Invesco
Georgia
+$102M
5
PC
Polar Capital
United Kingdom
+$87.6M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$81.7M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$76.5M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$63M
4
Citadel Advisors
Citadel Advisors
Florida
-$57.3M
5
Macquarie Group
Macquarie Group
Australia
-$53.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
SSA
451
Schonfeld Strategic Advisors
New York
– -$2.06M -30,601 Closed
CC
452
Cipher Capital
New York
– -$2.03M -30,149 Closed
BFIC
453
Bedell Frazier Investment Counselling
California
– -$1.92M -28,520 Closed
Canada Pension Plan Investment Board
454
Canada Pension Plan Investment Board
Ontario, Canada
– -$1.53M -22,717 Closed
BCM
455
Bayesian Capital Management
New York
– -$1.4M -20,749 Closed
FC
456
FORA Capital
Florida
– -$1.31M -19,524 Closed
NIT
457
NumerixS Investment Technologies
British Columbia, Canada
– -$1.03M -15,341 Closed
Verition Fund Management
458
Verition Fund Management
Connecticut
– -$1.03M -15,307 Closed
MSL
459
Mackay Shields LLC
New York
– -$969K -14,400 Closed
LSA
460
L & S Advisors
California
– -$907K -13,479 Closed
PHK
461
Point72 Hong Kong
Hong Kong
– -$820K -12,192 Closed
DCM
462
Dupont Capital Management
Delaware
– -$815K -12,116 Closed
Tudor Investment Corp
463
Tudor Investment Corp
Connecticut
– -$769K -11,436 Closed
Capital Fund Management (CFM)
464
Capital Fund Management (CFM)
France
– -$820K -11,143 Closed
LCM
465
Landscape Capital Management
New Jersey
– -$702K -10,439 Closed
IFA
466
Invus Financial Advisors
New York
– -$664K -9,868 Closed
APG Asset Management
467
APG Asset Management
Netherlands
– -$569K -9,500 Closed
AWM
468
AE Wealth Management
Kansas
– -$623K -9,267 Closed
Walleye Capital
469
Walleye Capital
New York
– -$579K -8,611 Closed
LCM
470
Laurion Capital Management
New York
– -$510K -7,577 Closed
SPM
471
Symmetry Peak Management
Pennsylvania
– -$471K -7,000 Closed
JIP
472
Jaffetilchin Investment Partners
Florida
– -$447K -6,646 Closed
GC
473
Globeflex Capital
California
– -$434K -6,459 Closed
SRAM
474
Stone Ridge Asset Management
New York
– -$422K -6,269 Closed
AI
475
Atom Investors
Texas
– -$385K -5,727 Closed
17 18
19
20 21

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.