Chegg
CHGG
217 hedge funds and large institutions have $3.29B invested in Chegg in 2018 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 67 increasing their positions, 76 reducing their positions, and 22 closing their positions.
123% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 22
14% more funds holding
Funds holding: 191 → 217 (+26)
0% more capital invested
Capital invested by funds: $3.28B → $3.29B (+$6.52M)
4% less ownership
Funds ownership: 105.44% → 101.44% (-4%)
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
11% less call options, than puts
Call options by funds: $12.2M | Put options by funds: $13.6M
12% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$35M |
| 2 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$33.8M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$26.4M |
| 4 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
+$19.1M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$16.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$128M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$41.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.5M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$18.5M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
-$14.1M |
CHGG Hedge Fund Activity: Q3 2018 in Review
217 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2018, worth a combined $3.29B — up 0.2% from $3.28B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CHGG positions and 22 closed out — a net gain of 27 holders — while 67 added to existing stakes and 76 trimmed.
The largest buyer was Vanguard Group, adding an estimated $35M. The largest seller was PAR Capital Management, exiting entirely with an estimated $128M sold.
- 217 institutional investors held Chegg (CHGG) as of Q3 2018, up from 191 in Q2 2018.
- Funds reported $3.29B of Chegg stock for Q3 2018, up 0.2% quarter-over-quarter.
- 49 funds opened new Chegg positions in Q3 2018 and 22 closed out, a net change of +27 holders.
- The largest Chegg buyer in Q3 2018 was Vanguard Group, an estimated $35M added.
- The largest Chegg seller in Q3 2018 was PAR Capital Management, an estimated $128M sold.
Based on aggregated 13F filings for Q3 2018.