Chegg
CHGG
80 hedge funds and large institutions have $285M invested in Chegg in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 17 closing their positions.
76% more call options, than puts
Call options by funds: $2.1M | Put options by funds: $1.19M
22% more capital invested
Capital invested by funds: $235M → $285M (+$50.5M)
4.28% more ownership
Funds ownership: 44.97% → 49.25% (+4.3%)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
11% less funds holding
Funds holding: 90 → 80 (-10)
47% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
+$16.3M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$6.39M |
| 3 |
AIM
Act II Management
New York
|
+$4.09M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.73M |
| 5 |
NC
NBW Capital
Boston,
Massachusetts
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$2.63M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.5M |
| 3 |
JPC
Jabodon PT Co
Reno,
Nevada
|
-$1.07M |
| 4 |
IAM
Integre Asset Management
New York
|
-$564K |
| 5 |
AC
AYM Capital
New York
|
-$312K |
CHGG Hedge Fund Activity: Q4 2014 in Review
80 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2014, worth a combined $285M — up 22% from $235M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CHGG and 9 opened new positions — a net loss of 8 holders — while 26 trimmed existing stakes and 27 added.
The largest buyer was Primecap Management, adding an estimated $16.3M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $2.63M sold.
- 80 institutional investors held Chegg (CHGG) as of Q4 2014, down from 90 in Q3 2014.
- Funds reported $285M of Chegg stock for Q4 2014, up 22% quarter-over-quarter.
- 9 funds opened new Chegg positions in Q4 2014 and 17 closed out, a net change of -8 holders.
- The largest Chegg buyer in Q4 2014 was Primecap Management, an estimated $16.3M added.
- The largest Chegg seller in Q4 2014 was Pine River Capital Management, an estimated $2.63M sold.
Based on aggregated 13F filings for Q4 2014.