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Chegg
CHGG

348 hedge funds and large institutions have $4.51B invested in Chegg in 2022 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 110 increasing their positions, 115 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more call options, than puts

Call options by funds: $162M | Put options by funds: $114M

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

14% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 64

13% more capital invested

Capital invested by funds: $3.99B → $4.51B (+$519M)

2.4% more ownership

Funds ownership: 89.84% → 92.24% (+2.4%)

2% more funds holding

Funds holding: 342 → 348 (+6)

4% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 115

Holders
348
Holders Change
+6
Holders Change %
+1.75%
% of All Funds
5.49%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.11%
New
73
Increased
110
Reduced
115
Closed
64
Calls
$162M
Puts
$114M
Net Calls
+$47.5M
Net Calls Change
-$24.1M

Top Buyers

Rank Fund Capital Flow
1
UBS AM
UBS AM
Illinois
+$43.8M
2
GIM
Granahan Investment Management
Massachusetts
+$29.5M
3
Artisan Partners
Artisan Partners
Wisconsin
+$27.4M
4
Deutsche Bank
Deutsche Bank
Germany
+$27.2M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$19.4M

Top Sellers

Rank Fund Capital Flow
1
Two Sigma Investments
Two Sigma Investments
New York
-$64.5M
2
Morgan Stanley
Morgan Stanley
New York
-$60.8M
3
GGHC
Gilder Gagnon Howe & Co
New York
-$44.1M
4
Marshall Wace
Marshall Wace
United Kingdom
-$43.2M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$32.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
AGAM
101
Avalon Global Asset Management
California
$3.85M +$602K +20,000 +23%
BC
102
Brookfield Corp
Ontario, Canada
$3.69M +$3.06M +101,677 New
LGP
103
Leonard Green & Partners
California
$3.63M +$3.01M +100,000 New
State of New Jersey Common Pension Fund D
104
State of New Jersey Common Pension Fund D
New Jersey
$3.49M -$297K -9,867 -9%
EAM
105
Eagle Asset Management
Florida
$3.48M +$2.88M +95,850 New
PAWC
106
P.A.W. Capital
Connecticut
$3.45M +$602K +20,000 +27%
BFM
107
Boothbay Fund Management
New York
$3.4M +$2.61M +86,764 +1,263%
TC
108
TwinBeech Capital
New York
$3.37M +$2.8M +92,974 New
Russell Investments Group
109
Russell Investments Group
United Kingdom
$3.1M -$336K -11,170 -12%
SO
110
STRS Ohio
Ohio
$3M +$2.49M +82,800 New
Hudson Bay Capital Management
111
Hudson Bay Capital Management
Connecticut
$2.98M +$2.47M +82,085 New
CSS
112
Cubist Systematic Strategies
Connecticut
$2.93M -$10.8M -360,388 -82%
AG
113
AIA Group
Hong Kong
$2.66M -$3.3M -109,617 -60%
TCM
114
Thames Capital Management
New Jersey
$2.65M – – –
Millennium Management
115
Millennium Management
New York
$2.65M -$7.98M -265,276 -78%
Walleye Trading
116
Walleye Trading
New York
$2.61M -$4.26M -141,587 -66%
OAM
117
Oppenheimer Asset Management
New York
$2.59M +$967K +32,128 +82%
Ohio Public Employees Retirement System (OPERS)
118
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.55M -$198K -6,582 -9%
IAN
119
Integrated Advisors Network
Texas
$2.53M +$1.87K +62 +0.1%
SSA
120
Schonfeld Strategic Advisors
New York
$2.42M +$1.65M +54,858 +457%
BWA
121
Bordeaux Wealth Advisors
California
$2.33M +$401K +13,339 +26%
AllianceBernstein
122
AllianceBernstein
Tennessee
$2.3M -$14.1M -468,500 -88%
Stifel Financial
123
Stifel Financial
Missouri
$2.26M +$83.5K +2,774 +5%
LAI
124
Legal Advantage Investments
California
$2.24M +$84.3K +2,800 +5%
HSBC Holdings
125
HSBC Holdings
United Kingdom
$2.07M +$1.27M +42,043 +279%
3 4
5
6 7

CHGG Hedge Fund Activity: Q1 2022 in Review

348 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2022, worth a combined $4.51B — up 13% from $3.99B a quarter earlier.

Buyers outnumbered sellers: 73 funds opened new CHGG positions and 64 closed out — a net gain of 9 holders — while 110 added to existing stakes and 115 trimmed.

The largest buyer was UBS AM, adding an estimated $43.8M. The largest seller was Two Sigma Investments, cutting an estimated $64.5M.

  • 348 institutional investors held Chegg (CHGG) as of Q1 2022, up from 342 in Q4 2021.
  • Funds reported $4.51B of Chegg stock for Q1 2022, up 13% quarter-over-quarter.
  • 73 funds opened new Chegg positions in Q1 2022 and 64 closed out, a net change of +9 holders.
  • The largest Chegg buyer in Q1 2022 was UBS AM, an estimated $43.8M added.
  • The largest Chegg seller in Q1 2022 was Two Sigma Investments, an estimated $64.5M sold.

Based on aggregated 13F filings for Q1 2022.