Chegg
CHGG
97 hedge funds and large institutions have $448M invested in Chegg in 2015 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 25 increasing their positions, 41 reducing their positions, and 20 closing their positions.
243% more call options, than puts
Call options by funds: $2.1M | Put options by funds: $613K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
3.78% more ownership
Funds ownership: 68.11% → 71.89% (+3.8%)
2% less capital invested
Capital invested by funds: $459M → $448M (-$10.7M)
4% less funds holding
Funds holding: 101 → 97 (-4)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
39% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$26.7M |
| 2 |
Primecap Management
Pasadena,
California
|
+$16.8M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
+$9.86M |
| 4 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$6.7M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Foundation Capital
Palo Alto,
California
|
-$11.9M |
| 2 |
IHG
Insight Holdings Group
New York
|
-$9.71M |
| 3 |
JGC
J. Goldman & Co
New York
|
-$8.03M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.28M |
| 5 |
Renaissance Technologies
New York
|
-$2.88M |
CHGG Hedge Fund Activity: Q3 2015 in Review
97 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2015, worth a combined $448M — down 2.3% from $459M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CHGG and 16 opened new positions — a net loss of 4 holders — while 41 trimmed existing stakes and 25 added.
The largest buyer was Sylebra Capital (HK), adding an estimated $26.7M. The largest seller was Foundation Capital, cutting an estimated $11.9M.
- 97 institutional investors held Chegg (CHGG) as of Q3 2015, down from 101 in Q2 2015.
- Funds reported $448M of Chegg stock for Q3 2015, down 2.3% quarter-over-quarter.
- 16 funds opened new Chegg positions in Q3 2015 and 20 closed out, a net change of -4 holders.
- The largest Chegg buyer in Q3 2015 was Sylebra Capital (HK), an estimated $26.7M added.
- The largest Chegg seller in Q3 2015 was Foundation Capital, an estimated $11.9M sold.
Based on aggregated 13F filings for Q3 2015.