Chegg
CHGG
263 hedge funds and large institutions have $1.84B invested in Chegg in 2023 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 93 increasing their positions, 94 reducing their positions, and 82 closing their positions.
1% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 94
3.7% less ownership
Funds ownership: 92.4% → 88.7% (-3.7%)
13% less funds holding
Funds holding: 302 → 263 (-39)
36% less capital invested
Capital invested by funds: $2.9B → $1.84B (-$1.06B)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
41% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 82
51% less call options, than puts
Call options by funds: $16.3M | Put options by funds: $33.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$51.5M |
| 2 |
Sands Capital Management
Arlington,
Virginia
|
+$42.8M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$33.5M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$24.7M |
| 5 |
CC
Clearline Capital
New York
|
+$23.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$83.6M |
| 2 |
VCM
Valiant Capital Management
San Francisco,
California
|
-$36.5M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$21.8M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$21.2M |
| 5 |
CS
Candriam SCA
Strassen, Luxembourg,
Luxembourg
|
-$18.5M |
CHGG Hedge Fund Activity: Q1 2023 in Review
263 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2023, worth a combined $1.84B — down 36% from $2.9B a quarter earlier.
Sellers outnumbered buyers: 82 funds closed out of CHGG and 48 opened new positions — a net loss of 34 holders — while 94 trimmed existing stakes and 93 added.
The largest buyer was Sylebra Capital (HK), adding an estimated $51.5M. The largest seller was Baillie Gifford & Co, cutting an estimated $83.6M.
- 263 institutional investors held Chegg (CHGG) as of Q1 2023, down from 302 in Q4 2022.
- Funds reported $1.84B of Chegg stock for Q1 2023, down 36% quarter-over-quarter.
- 48 funds opened new Chegg positions in Q1 2023 and 82 closed out, a net change of -34 holders.
- The largest Chegg buyer in Q1 2023 was Sylebra Capital (HK), an estimated $51.5M added.
- The largest Chegg seller in Q1 2023 was Baillie Gifford & Co, an estimated $83.6M sold.
Based on aggregated 13F filings for Q1 2023.