Chegg
CHGG
100 hedge funds and large institutions have $386M invested in Chegg in 2015 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 35 increasing their positions, 15 reducing their positions, and 15 closing their positions.
368% more call options, than puts
Call options by funds: $3.76M | Put options by funds: $804K
133% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 15
133% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 15
35% more capital invested
Capital invested by funds: $285M → $386M (+$101M)
25% more funds holding
Funds holding: 80 → 100 (+20)
8.24% more ownership
Funds ownership: 49.25% → 57.49% (+8.2%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
+$7.54M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.95M |
| 3 |
CM
Castleark Management
Chicago,
Illinois
|
+$6.62M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$5.09M |
| 5 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$3.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Clearline Capital
New York
|
-$8.42M |
| 2 |
JP Morgan Chase
New York
|
-$4.4M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$1.44M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.13M |
| 5 |
AIM
Act II Management
New York
|
-$1M |
CHGG Hedge Fund Activity: Q1 2015 in Review
100 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2015, worth a combined $386M — up 35% from $285M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CHGG positions and 15 closed out — a net gain of 20 holders — while 35 added to existing stakes and 15 trimmed.
The largest buyer was Primecap Management, adding an estimated $7.54M. The largest seller was Clearline Capital, exiting entirely with an estimated $8.42M sold.
- 100 institutional investors held Chegg (CHGG) as of Q1 2015, up from 80 in Q4 2014.
- Funds reported $386M of Chegg stock for Q1 2015, up 35% quarter-over-quarter.
- 35 funds opened new Chegg positions in Q1 2015 and 15 closed out, a net change of +20 holders.
- The largest Chegg buyer in Q1 2015 was Primecap Management, an estimated $7.54M added.
- The largest Chegg seller in Q1 2015 was Clearline Capital, an estimated $8.42M sold.
Based on aggregated 13F filings for Q1 2015.