Chegg
CHGG
90 hedge funds and large institutions have $235M invested in Chegg in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 27 increasing their positions, 29 reducing their positions, and 14 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
27% more call options, than puts
Call options by funds: $1.64M | Put options by funds: $1.29M
4.27% more ownership
Funds ownership: 40.7% → 44.97% (+4.3%)
0% more funds holding
Funds holding: 90 → 90 (0)
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
1% less capital invested
Capital invested by funds: $238M → $235M (-$3.2M)
7% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$12.3M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$3.28M |
| 3 |
CC
Clearline Capital
New York
|
+$2.72M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.58M |
| 5 |
ACM
Andor Capital Management
Rye Brook,
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Harvey Capital Management
Palm Beach,
Florida
|
-$1.69M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.61M |
| 3 |
JPC
Jabodon PT Co
Reno,
Nevada
|
-$988K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$829K |
| 5 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$694K |
CHGG Hedge Fund Activity: Q3 2014 in Review
90 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2014, worth a combined $235M — down 1.3% from $238M a quarter earlier.
Fund positioning in CHGG was balanced in Q3 2014: 14 funds opened new positions, 14 closed out, 27 added to existing stakes and 29 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $12.3M. The largest seller was Harvey Capital Management, cutting an estimated $1.69M.
- 90 institutional investors held Chegg (CHGG) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $235M of Chegg stock for Q3 2014, down 1.3% quarter-over-quarter.
- 14 funds opened new Chegg positions in Q3 2014 and 14 closed out, a net change of 0 holders.
- The largest Chegg buyer in Q3 2014 was PAR Capital Management, an estimated $12.3M added.
- The largest Chegg seller in Q3 2014 was Harvey Capital Management, an estimated $1.69M sold.
Based on aggregated 13F filings for Q3 2014.