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Chegg

CHGG

Market cap $93.7M

208 hedge funds and large institutions have $301M invested in Chegg in 2024 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 82 increasing their positions, 62 reducing their positions, and 54 closing their positions.

New

Increased

Maintained

Reduced

Closed

32% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 62

1.02% more ownership

Funds ownership: 91.55% → 92.57% (+1%)

5% more call options, than puts

Call options by funds: $4.66M | Put options by funds: $4.46M

9% less funds holding

Funds holding: 229 → 208 (-21)

31% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 54

58% less capital invested

Capital invested by funds: $714M → $301M (-$413M)

Holders

208

Holders Change

-21

Holders Change %

-9.17%

% of All Funds

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

% of All Funds

0.01%

New

Increased

Reduced

Closed

Calls

$4.66M

Puts

$4.46M

Net Calls

+$202K

Net Calls Change

+$5.46M

Top Buyers

1	Acadian Asset Management Boston, Massachusetts	+$10.6M
2	AQR Capital Management Greenwich, Connecticut	+$10.6M
3	Millennium Management New York	+$6.77M
4	DSCM Divisadero Street Capital Management Miami, Florida	+$5.5M
5	Allspring Global Investments Charlotte, North Carolina	+$4.69M

Top Sellers

1	Baillie Gifford & Co Edinburgh, United Kingdom	-$19.5M
2	SC Sylebra Capital Palo Alto, California	-$10.5M
3	Boston Partners Boston, Massachusetts	-$8.04M
4	Arrowstreet Capital Boston, Massachusetts	-$6.92M
5	BlackRock New York	-$5.5M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
26	TGM 26 Tenzing Global Management San Francisco, California	$2.37M	+$3.73M	+750,000	New
27	27 Voloridge Investment Management Jupiter, Florida	$2.35M	-$3.98M	-800,629	-52%
28	HAM 28 Harber Asset Management Asheville, North Carolina	$2.34M	+$2.36M	+474,162	+177%
29	FCM 29 Firsthand Capital Management San Jose, California	$2.29M	-$1.18M	-237,000	-91%
30	30 Bank of America Charlotte, North Carolina	$2.22M	-$464K	-93,440	-12%
31	31 First Eagle Investment Management New York	$2.2M	+$1.42M	+285,000	+69%
32	32 Renaissance Technologies New York	$2.16M	+$1.04M	+210,191	+45%
33	SFI 33 Susquehanna Fundamental Investments Bala Cynwyd, Pennsylvania	$1.92M	+$1.31M	+263,927	+77%
34	34 Deutsche Bank Frankfurt Am Main Ge, Germany	$1.9M	-$1.98M	-397,625	-40%
35	QOP 35 Quinn Opportunity Partners Charlottesville, Virginia	$1.83M	+$1.12M	+225,000	+63%
36	36 Invesco Atlanta, Georgia	$1.83M	+$837K	+168,525	+41%
37	37 Verition Fund Management Greenwich, Connecticut	$1.81M	+$2.63M	+528,584	+1,211%
38	BBA 38 Baader Bank Aktiengesellschaft Unterschleissheim, Germany	$1.8M	+$2.83M	+570,500	New
39	39 First Trust Advisors Wheaton, Illinois	$1.73M	+$1.73M	+348,099	+176%
40	EGM 40 Engineers Gate Manager New York	$1.71M	+$1.3M	+262,483	+94%
41	41 Goldman Sachs New York	$1.57M	-$4.45M	-896,635	-64%
42	42 Victory Capital Management San Antonio, Texas	$1.57M	+$2.22M	+447,784	+939%
43	43 Bank of New York Mellon New York	$1.55M	+$113K	+22,843	+5%
44	44 Robeco Institutional Asset Management Rotterdam, Netherlands	$1.48M	+$24.1K	+4,859	+1%
45	N 45 Nuveen Charlotte, North Carolina	$1.45M	-$79.3K	-15,960	-3%
46	46 Russell Investments Group London, United Kingdom	$1.21M	-$264K	-53,061	-12%
47	BCM 47 Bridgeway Capital Management Houston, Texas	$1.15M	-$1.86M	-374,620	-51%
48	EF 48 Empowered Funds Havertown, Pennsylvania	$1.12M	+$126K	+25,380	+8%
49	49 Mackenzie Financial Toronto Ontario, Ontario, Canada	$1.1M	+$1.17M	+235,197	+207%
50	50 Jane Street New York	$997K	+$998K	+200,883	+175%