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Chegg
CHGG

226 hedge funds and large institutions have $3.32B invested in Chegg in 2018 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 73 increasing their positions, 79 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

98% more call options, than puts

Call options by funds: $11.3M | Put options by funds: $5.73M

50% more funds holding in top 10

Funds holding in top 10: 14 → 21 (+7)

29% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 34

4% more funds holding

Funds holding: 217 → 226 (+9)

1% more capital invested

Capital invested by funds: $3.29B → $3.32B (+$29.1M)

0.11% more ownership

Funds ownership: 101.44% → 101.54% (+0.11%)

8% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 79

Holders
226
Holders Change
+9
Holders Change %
+4.15%
% of All Funds
5.04%
Holding in Top 10
21
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+50%
% of All Funds
0.47%
New
44
Increased
73
Reduced
79
Closed
34
Calls
$11.3M
Puts
$5.73M
Net Calls
+$5.62M
Net Calls Change
+$7.05M

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$72.2M
2
Brown Advisory
Brown Advisory
Maryland
+$45.4M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$36.9M
4
PC
Polar Capital
United Kingdom
+$20.7M
5
WRF
Waddell & Reed Financial
Kansas
+$18.8M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$144M
2
Primecap Management
Primecap Management
California
-$37.4M
3
HCM
Hitchwood Capital Management
New York
-$21.5M
4
TCM
TimesSquare Capital Management
New York
-$18.1M
5
Capital World Investors
Capital World Investors
California
-$16.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
NC
101
NBW Capital
Massachusetts
$2.21M +$28.7K +1,065 +1%
KBC Group
102
KBC Group
Belgium
$2.19M – – –
RCAMU
103
Rothschild & Co Asset Management US
Connecticut
$2.17M -$9.32K -346 -0.5%
AIM
104
Assured Investment Management
New York
$2.12M +$1.77M +65,781 +755%
Manulife (Manufacturers Life Insurance)
105
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.09M +$90.6K +3,365 +5%
California Public Employees Retirement System
106
California Public Employees Retirement System
California
$2.04M -$52.3K -1,942 -3%
PSUF
107
People's United Financial
Connecticut
$2.04M – – –
AIG
108
American International Group
New York
$2.03M -$14.8K -549 -0.8%
JG
109
Jefferies Group
New York
$1.92M -$999K -37,100 -35%
Two Sigma Advisers
110
Two Sigma Advisers
New York
$1.81M +$1.72M +63,700 New
PC
111
PA Capital
Virginia
$1.75M +$1.66M +61,666 New
TD Asset Management
112
TD Asset Management
Ontario, Canada
$1.75M -$341K -12,671 -17%
VHAM
113
Van Hulzen Asset Management
California
$1.73M – – –
Credit Agricole
114
Credit Agricole
France
$1.71M – – –
Allianz Asset Management
115
Allianz Asset Management
Germany
$1.7M +$673K +25,008 +72%
WB
116
WesBanco Bank
West Virginia
$1.69M +$1.6M +59,308 New
Neuberger Berman Group
117
Neuberger Berman Group
New York
$1.67M +$215K +8,000 +16%
Millennium Management
118
Millennium Management
New York
$1.6M +$1.24M +45,894 +442%
EI
119
EAM Investors
California
$1.58M -$1.5M -55,633 -50%
First Trust Advisors
120
First Trust Advisors
Illinois
$1.57M -$2.3M -85,499 -61%
AFS
121
Amtrust Financial Services
New York
$1.56M +$942K +35,000 +175%
Ohio Public Employees Retirement System (OPERS)
122
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.48M – – –
HCM
123
HMS Capital Management
Tennessee
$1.44M +$1.36M +50,602 New
MIM
124
MetLife Investment Management
New Jersey
$1.38M – – –
AQR Capital Management
125
AQR Capital Management
Connecticut
$1.34M -$229K -8,496 -15%
3 4
5
6 7

CHGG Hedge Fund Activity: Q4 2018 in Review

226 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2018, worth a combined $3.32B — up 0.89% from $3.29B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new CHGG positions and 34 closed out — a net gain of 10 holders — while 73 added to existing stakes and 79 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $72.2M. The largest seller was Fidelity Investments, cutting an estimated $144M.

  • 226 institutional investors held Chegg (CHGG) as of Q4 2018, up from 217 in Q3 2018.
  • Funds reported $3.32B of Chegg stock for Q4 2018, up 0.89% quarter-over-quarter.
  • 44 funds opened new Chegg positions in Q4 2018 and 34 closed out, a net change of +10 holders.
  • The largest Chegg buyer in Q4 2018 was Baillie Gifford & Co, an estimated $72.2M added.
  • The largest Chegg seller in Q4 2018 was Fidelity Investments, an estimated $144M sold.

Based on aggregated 13F filings for Q4 2018.