Chegg
CHGG
76 hedge funds and large institutions have $148M invested in Chegg in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 16 closing their positions.
123% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 13
107% more call options, than puts
Call options by funds: $334K | Put options by funds: $161K
56% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 16
13% more funds holding
Funds holding: 67 → 76 (+9)
1.11% more ownership
Funds ownership: 24.61% → 25.72% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less capital invested
Capital invested by funds: $171M → $148M (-$23.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$6.97M |
| 2 |
CC
Clearline Capital
New York
|
+$5.62M |
| 3 |
JP Morgan Chase
New York
|
+$2.84M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$2.67M |
| 5 |
HCM
Harvey Capital Management
Palm Beach,
Florida
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$10.9M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$6.59M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$4.25M |
| 4 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$4.16M |
| 5 |
Morgan Stanley
New York
|
-$1.94M |
CHGG Hedge Fund Activity: Q1 2014 in Review
76 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2014, worth a combined $148M — down 14% from $171M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CHGG positions and 16 closed out — a net gain of 9 holders — while 29 added to existing stakes and 13 trimmed.
The largest buyer was PAR Capital Management, opening a new position worth an estimated $6.97M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $10.9M sold.
- 76 institutional investors held Chegg (CHGG) as of Q1 2014, up from 67 in Q4 2013.
- Funds reported $148M of Chegg stock for Q1 2014, down 14% quarter-over-quarter.
- 25 funds opened new Chegg positions in Q1 2014 and 16 closed out, a net change of +9 holders.
- The largest Chegg buyer in Q1 2014 was PAR Capital Management, an estimated $6.97M added.
- The largest Chegg seller in Q1 2014 was Lord, Abbett & Co, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2014.