Chegg
CHGG
282 hedge funds and large institutions have $4.82B invested in Chegg in 2019 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 87 increasing their positions, 91 reducing their positions, and 42 closing their positions.
202% more call options, than puts
Call options by funds: $45.6M | Put options by funds: $15.1M
52% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 42
27% more capital invested
Capital invested by funds: $3.81B → $4.82B (+$1.02B)
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
8% more funds holding
Funds holding: 261 → 282 (+21)
4% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 91
1.14% less ownership
Funds ownership: 106.26% → 105.12% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$86.1M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$49.1M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$20.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$15.2M |
| 5 |
MC
Maverick Capital
Dallas,
Texas
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$44.8M |
| 2 |
D.E. Shaw & Co
New York
|
-$26.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$24.4M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$22.8M |
| 5 |
Morgan Stanley
New York
|
-$21.2M |
CHGG Hedge Fund Activity: Q4 2019 in Review
282 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2019, worth a combined $4.82B — up 27% from $3.81B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new CHGG positions and 42 closed out — a net gain of 22 holders — while 87 added to existing stakes and 91 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $86.1M. The largest seller was Fred Alger Management, cutting an estimated $44.8M.
- 282 institutional investors held Chegg (CHGG) as of Q4 2019, up from 261 in Q3 2019.
- Funds reported $4.82B of Chegg stock for Q4 2019, up 27% quarter-over-quarter.
- 64 funds opened new Chegg positions in Q4 2019 and 42 closed out, a net change of +22 holders.
- The largest Chegg buyer in Q4 2019 was Baillie Gifford & Co, an estimated $86.1M added.
- The largest Chegg seller in Q4 2019 was Fred Alger Management, an estimated $44.8M sold.
Based on aggregated 13F filings for Q4 2019.