Chegg
CHGG
278 hedge funds and large institutions have $4.62B invested in Chegg in 2019 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 78 increasing their positions, 94 reducing their positions, and 24 closing their positions.
221% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 24
145% more call options, than puts
Call options by funds: $53M | Put options by funds: $21.6M
39% more capital invested
Capital invested by funds: $3.32B → $4.62B (+$1.31B)
23% more funds holding
Funds holding: 226 → 278 (+52)
3.18% more ownership
Funds ownership: 101.54% → 104.72% (+3.2%)
17% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 94
38% less funds holding in top 10
Funds holding in top 10: 21 → 13 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$124M |
| 2 |
ZCI
Zevenbergen Capital Investments
Edmonds,
Washington
|
+$34.6M |
| 3 |
FAM
Fred Alger Management
New York
|
+$30.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$29.9M |
| 5 |
BlackRock
New York
|
+$28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$124M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$115M |
| 3 |
Primecap Management
Pasadena,
California
|
-$23.7M |
| 4 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$21.1M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$19.2M |
CHGG Hedge Fund Activity: Q1 2019 in Review
278 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2019, worth a combined $4.62B — up 39% from $3.32B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new CHGG positions and 24 closed out — a net gain of 53 holders — while 78 added to existing stakes and 94 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $124M. The largest seller was Sylebra Capital (HK), cutting an estimated $124M.
- 278 institutional investors held Chegg (CHGG) as of Q1 2019, up from 226 in Q4 2018.
- Funds reported $4.62B of Chegg stock for Q1 2019, up 39% quarter-over-quarter.
- 77 funds opened new Chegg positions in Q1 2019 and 24 closed out, a net change of +53 holders.
- The largest Chegg buyer in Q1 2019 was Baillie Gifford & Co, an estimated $124M added.
- The largest Chegg seller in Q1 2019 was Sylebra Capital (HK), an estimated $124M sold.
Based on aggregated 13F filings for Q1 2019.