Chegg
CHGG
90 hedge funds and large institutions have $238M invested in Chegg in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 36 increasing their positions, 16 reducing their positions, and 17 closing their positions.
244% more call options, than puts
Call options by funds: $1.51M | Put options by funds: $439K
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
125% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 16
82% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 17
61% more capital invested
Capital invested by funds: $148M → $238M (+$90.5M)
18% more funds holding
Funds holding: 76 → 90 (+14)
14.99% more ownership
Funds ownership: 25.72% → 40.7% (+15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$22.2M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$8.79M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$4.27M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.96M |
| 5 |
JPC
Jabodon PT Co
Reno,
Nevada
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Catalyst Capital Advisors
Huntington,
New York
|
-$2.9M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.68M |
| 3 |
JP Morgan Chase
New York
|
-$2.33M |
| 4 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$1.61M |
| 5 |
HCM
Huber Capital Management
El Segundo,
California
|
-$1.58M |
CHGG Hedge Fund Activity: Q2 2014 in Review
90 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2014, worth a combined $238M — up 61% from $148M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CHGG positions and 17 closed out — a net gain of 14 holders — while 36 added to existing stakes and 16 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $22.2M. The largest seller was Catalyst Capital Advisors, exiting entirely with an estimated $2.9M sold.
- 90 institutional investors held Chegg (CHGG) as of Q2 2014, up from 76 in Q1 2014.
- Funds reported $238M of Chegg stock for Q2 2014, up 61% quarter-over-quarter.
- 31 funds opened new Chegg positions in Q2 2014 and 17 closed out, a net change of +14 holders.
- The largest Chegg buyer in Q2 2014 was PAR Capital Management, an estimated $22.2M added.
- The largest Chegg seller in Q2 2014 was Catalyst Capital Advisors, an estimated $2.9M sold.
Based on aggregated 13F filings for Q2 2014.