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Chegg
CHGG

229 hedge funds and large institutions have $714M invested in Chegg in 2024 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 28

4.27% more ownership

Funds ownership: 87.28% → 91.55% (+4.3%)

3% more funds holding

Funds holding: 222 → 229 (+7)

20% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 88

30% less call options, than puts

Call options by funds: $12.2M | Put options by funds: $17.5M

38% less capital invested

Capital invested by funds: $1.15B → $714M (-$434M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
229
Holders Change
+7
Holders Change %
+3.15%
% of All Funds
3.3%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
38
Increased
70
Reduced
88
Closed
28
Calls
$12.2M
Puts
$17.5M
Net Calls
-$5.26M
Net Calls Change
-$5.61M

Top Buyers

1
UBS AM
UBS AM
Illinois
+$15.1M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$13.8M
3
Deutsche Bank
Deutsche Bank
Germany
+$8.03M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$7.11M
5
Walleye Capital
Walleye Capital
New York
+$4.26M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$38.8M
2
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$19.3M
3
SC
Sylebra Capital
California
-$16.9M
4
Millennium Management
Millennium Management
New York
-$13.3M
5
CC
Clearline Capital
New York
-$12.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
HSBC Holdings
51
HSBC Holdings
United Kingdom
$2.28M +$258K +28,186 +10%
GCM
52
Graham Capital Management
Connecticut
$2.13M +$2.58M +282,027 New
EGM
53
Engineers Gate Manager
New York
$2.11M +$214K +23,393 +9%
HAM
54
Harber Asset Management
North Carolina
$2.03M +$90.2K +9,843 +4%
FCM
55
Firsthand Capital Management
California
$1.97M – – –
Assenagon Asset Management
56
Assenagon Asset Management
Luxembourg
$1.95M +$2.36M +257,581 New
CS
57
Credit Suisse
Switzerland
$1.9M -$3.25M -354,261 -59%
Prudential Financial
58
Prudential Financial
New Jersey
$1.79M +$178K +19,400 +9%
CANY
59
Caxton Associates (New York)
New York
$1.7M +$1.6M +175,129 +356%
Swiss National Bank
60
Swiss National Bank
Switzerland
$1.63M – – –
Nordea Investment Management
61
Nordea Investment Management
Sweden
$1.56M -$21.4K -2,338 -1%
First Trust Advisors
62
First Trust Advisors
Illinois
$1.5M -$1.95M -212,687 -52%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$1.35M -$637K -69,500 -28%
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$1.3M +$28.5K +3,116 +2%
BA
65
Bridgewater Associates
Connecticut
$1.26M -$384K -41,904 -20%
Susquehanna International Group
66
Susquehanna International Group
Pennsylvania
$1.26M -$1.47M -160,745 -49%
QT
67
Quantbot Technologies
New York
$1.16M +$695K +75,846 +98%
Mirae Asset Global Investments
68
Mirae Asset Global Investments
South Korea
$1.13M +$3.19K +348 +0.5%
JF
69
Jump Financial
Illinois
$1.09M +$874K +95,360 +198%
Ameriprise
70
Ameriprise
Minnesota
$1.08M +$349K +38,048 +31%
SEC
71
Seven Eight Capital
New York
$1.05M +$967K +105,597 +321%
AllianceBernstein
72
AllianceBernstein
Tennessee
$977K -$184K -20,103 -13%
SPA
73
Sherbrooke Park Advisers
New York
$950K +$1.15M +125,518 New
WCM
74
Wedge Capital Management
North Carolina
$908K +$540K +58,908 +96%
IMC Chicago
75
IMC Chicago
Illinois
$892K +$1.08M +117,854 New
1 2
3
4 5

CHGG Hedge Fund Activity: Q1 2024 in Review

229 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2024, worth a combined $714M — down 38% from $1.15B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new CHGG positions and 28 closed out — a net gain of 10 holders — while 70 added to existing stakes and 88 trimmed.

The largest buyer was UBS AM, adding an estimated $15.1M. The largest seller was Morgan Stanley, cutting an estimated $38.8M.

  • 229 institutional investors held Chegg (CHGG) as of Q1 2024, up from 222 in Q4 2023.
  • Funds reported $714M of Chegg stock for Q1 2024, down 38% quarter-over-quarter.
  • 38 funds opened new Chegg positions in Q1 2024 and 28 closed out, a net change of +10 holders.
  • The largest Chegg buyer in Q1 2024 was UBS AM, an estimated $15.1M added.
  • The largest Chegg seller in Q1 2024 was Morgan Stanley, an estimated $38.8M sold.

Based on aggregated 13F filings for Q1 2024.