Chegg
CHGG
105 hedge funds and large institutions have $457M invested in Chegg in 2015 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 38 increasing their positions, 28 reducing their positions, and 10 closing their positions.
93% more call options, than puts
Call options by funds: $834K | Put options by funds: $433K
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
36% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 28
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
8% more funds holding
Funds holding: 97 → 105 (+8)
5.19% more ownership
Funds ownership: 71.89% → 77.08% (+5.2%)
2% more capital invested
Capital invested by funds: $448M → $457M (+$8.51M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Prudential plc
London, England,
United Kingdom
|
+$5.86M |
| 2 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$3.4M |
| 3 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.9M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
+$2.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Castleark Management
Chicago,
Illinois
|
-$6.33M |
| 2 |
DM
Diker Management
New York
|
-$2.48M |
| 3 |
Millennium Management
New York
|
-$1.69M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.53M |
| 5 |
JP Morgan Chase
New York
|
-$1.51M |
CHGG Hedge Fund Activity: Q4 2015 in Review
105 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2015, worth a combined $457M — up 1.9% from $448M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CHGG positions and 10 closed out — a net gain of 9 holders — while 38 added to existing stakes and 28 trimmed.
The largest buyer was Prudential plc, adding an estimated $5.86M. The largest seller was Castleark Management, exiting entirely with an estimated $6.33M sold.
- 105 institutional investors held Chegg (CHGG) as of Q4 2015, up from 97 in Q3 2015.
- Funds reported $457M of Chegg stock for Q4 2015, up 1.9% quarter-over-quarter.
- 19 funds opened new Chegg positions in Q4 2015 and 10 closed out, a net change of +9 holders.
- The largest Chegg buyer in Q4 2015 was Prudential plc, an estimated $5.86M added.
- The largest Chegg seller in Q4 2015 was Castleark Management, an estimated $6.33M sold.
Based on aggregated 13F filings for Q4 2015.