Chegg
CHGG
222 hedge funds and large institutions have $1.15B invested in Chegg in 2023 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 72 increasing their positions, 83 reducing their positions, and 48 closing their positions.
21% more capital invested
Capital invested by funds: $948M → $1.15B (+$200M)
1% more call options, than puts
Call options by funds: $30.2M | Put options by funds: $29.9M
3.18% less ownership
Funds ownership: 90.46% → 87.28% (-3.2%)
8% less funds holding
Funds holding: 240 → 222 (-18)
13% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 83
29% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 48
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$43.1M |
| 2 |
SC
Sylebra Capital
Palo Alto,
California
|
+$24.1M |
| 3 |
Man Group
London,
United Kingdom
|
+$18.4M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$11.6M |
| 5 |
Millennium Management
New York
|
+$10.8M |
Top Sellers
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$49.7M |
| 2 |
Sands Capital Management
Arlington,
Virginia
|
-$42.7M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$12.2M |
| 4 |
TC
TwinBeech Capital
Purchase,
New York
|
-$5.09M |
| 5 |
Goldman Sachs
New York
|
-$4.9M |
CHGG Hedge Fund Activity: Q4 2023 in Review
222 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2023, worth a combined $1.15B — up 21% from $948M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of CHGG and 34 opened new positions — a net loss of 14 holders — while 83 trimmed existing stakes and 72 added.
The largest buyer was Morgan Stanley, adding an estimated $43.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $49.7M.
- 222 institutional investors held Chegg (CHGG) as of Q4 2023, down from 240 in Q3 2023.
- Funds reported $1.15B of Chegg stock for Q4 2023, up 21% quarter-over-quarter.
- 34 funds opened new Chegg positions in Q4 2023 and 48 closed out, a net change of -14 holders.
- The largest Chegg buyer in Q4 2023 was Morgan Stanley, an estimated $43.1M added.
- The largest Chegg seller in Q4 2023 was Baillie Gifford & Co, an estimated $49.7M sold.
Based on aggregated 13F filings for Q4 2023.