Chegg
CHGG
302 hedge funds and large institutions have $2.9B invested in Chegg in 2022 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 95 increasing their positions, 99 reducing their positions, and 40 closing their positions.
80% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 40
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
66% more call options, than puts
Call options by funds: $89.5M | Put options by funds: $53.8M
17% more capital invested
Capital invested by funds: $2.48B → $2.9B (+$421M)
9% more funds holding
Funds holding: 277 → 302 (+25)
0.83% less ownership
Funds ownership: 93.23% → 92.4% (-0.83%)
4% less repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 99
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSA
Schonfeld Strategic Advisors
New York
|
+$21.6M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$17.5M |
| 3 |
SC
Samlyn Capital
New York
|
+$15.8M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$15.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$57.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$27.9M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$18.5M |
| 4 |
Two Sigma Investments
New York
|
-$12.7M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$11.4M |
CHGG Hedge Fund Activity: Q4 2022 in Review
302 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2022, worth a combined $2.9B — up 17% from $2.48B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new CHGG positions and 40 closed out — a net gain of 32 holders — while 95 added to existing stakes and 99 trimmed.
The largest buyer was Schonfeld Strategic Advisors, adding an estimated $21.6M. The largest seller was Federated Hermes, cutting an estimated $57.1M.
- 302 institutional investors held Chegg (CHGG) as of Q4 2022, up from 277 in Q3 2022.
- Funds reported $2.9B of Chegg stock for Q4 2022, up 17% quarter-over-quarter.
- 72 funds opened new Chegg positions in Q4 2022 and 40 closed out, a net change of +32 holders.
- The largest Chegg buyer in Q4 2022 was Schonfeld Strategic Advisors, an estimated $21.6M added.
- The largest Chegg seller in Q4 2022 was Federated Hermes, an estimated $57.1M sold.
Based on aggregated 13F filings for Q4 2022.