We are live on ! Find out more
CHGG icon

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
QCG
501
Quadrant Capital Group
Ohio
– -$66.9K -908 -100%
WAM
502
Wolverine Asset Management
Illinois
– -$53K -790 Closed
PAG
503
Private Advisor Group
New Jersey
– -$29K -432 Closed
HIA
504
Harbor Investment Advisory
Maryland
– -$18K -261 Closed
FHA
505
First Horizon Advisors
Tennessee
– -$16K -242 Closed
PFO
506
Pathstone Family Office
New Jersey
– -$13K -195 Closed
PA
507
Procyon Advisors
Connecticut
– -$11K -164 Closed
MIM
508
Macroview Investment Management
Maryland
– -$3K -47 Closed
MCM
509
Manchester Capital Management
Vermont
– +$221 +3 New
PFWA
510
Paces Ferry Wealth Advisors
Georgia
– +$368 +5 New
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.