Chegg
CHGG
282 hedge funds and large institutions have $4.61B invested in Chegg in 2020 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 92 increasing their positions, 100 reducing their positions, and 56 closing their positions.
167% more call options, than puts
Call options by funds: $55.9M | Put options by funds: $20.9M
1.1% more ownership
Funds ownership: 105.12% → 106.23% (+1.1%)
7% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 56
0% more funds holding
Funds holding: 282 → 282 (0)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
4% less capital invested
Capital invested by funds: $4.82B → $4.61B (-$215M)
8% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 100
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$98.4M |
| 2 |
FAM
Fred Alger Management
New York
|
+$75.5M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$64.3M |
| 4 |
BlackRock
New York
|
+$58M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$46.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$98.2M |
| 2 |
Primecap Management
Pasadena,
California
|
-$98.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$44.5M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
-$40M |
| 5 |
HCM
Hitchwood Capital Management
New York
|
-$37.9M |
CHGG Hedge Fund Activity: Q1 2020 in Review
282 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2020, worth a combined $4.61B — down 4.5% from $4.82B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new CHGG positions and 56 closed out — a net gain of 4 holders — while 92 added to existing stakes and 100 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $98.4M. The largest seller was Gilder Gagnon Howe & Co, cutting an estimated $98.2M.
- 282 institutional investors held Chegg (CHGG) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $4.61B of Chegg stock for Q1 2020, down 4.5% quarter-over-quarter.
- 60 funds opened new Chegg positions in Q1 2020 and 56 closed out, a net change of +4 holders.
- The largest Chegg buyer in Q1 2020 was Wellington Management Group, an estimated $98.4M added.
- The largest Chegg seller in Q1 2020 was Gilder Gagnon Howe & Co, an estimated $98.2M sold.
Based on aggregated 13F filings for Q1 2020.