Chegg
CHGG
101 hedge funds and large institutions have $459M invested in Chegg in 2015 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 24 reducing their positions, and 18 closing their positions.
189% more call options, than puts
Call options by funds: $2.69M | Put options by funds: $932K
54% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 24
19% more capital invested
Capital invested by funds: $386M → $459M (+$72.8M)
10.62% more ownership
Funds ownership: 57.49% → 68.11% (+11%)
1% more funds holding
Funds holding: 100 → 101 (+1)
6% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 18
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
+$43.8M |
| 2 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$18.1M |
| 3 |
Renaissance Technologies
New York
|
+$4.76M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$4.7M |
| 5 |
DM
Diker Management
New York
|
+$4.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Foundation Capital
Palo Alto,
California
|
-$13.2M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$3.91M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.68M |
| 4 |
SIM
Spark Investment Management
New York
|
-$1.14M |
| 5 |
ACM
Altimeter Capital Management
Boston,
Massachusetts
|
-$806K |
CHGG Hedge Fund Activity: Q2 2015 in Review
101 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2015, worth a combined $459M — up 19% from $386M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CHGG positions and 18 closed out — a net gain of 1 holder — while 37 added to existing stakes and 24 trimmed.
The largest buyer was Primecap Management, adding an estimated $43.8M. The largest seller was Foundation Capital, cutting an estimated $13.2M.
- 101 institutional investors held Chegg (CHGG) as of Q2 2015, up from 100 in Q1 2015.
- Funds reported $459M of Chegg stock for Q2 2015, up 19% quarter-over-quarter.
- 19 funds opened new Chegg positions in Q2 2015 and 18 closed out, a net change of +1 holder.
- The largest Chegg buyer in Q2 2015 was Primecap Management, an estimated $43.8M added.
- The largest Chegg seller in Q2 2015 was Foundation Capital, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2015.