Chegg
CHGG
92 hedge funds and large institutions have $279M invested in Chegg in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 24 reducing their positions, and 25 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 24
7.57% less ownership
Funds ownership: 77.08% → 69.5% (-7.6%)
12% less funds holding
Funds holding: 105 → 92 (-13)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
52% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 25
62% less capital inflows, than outflows
Capital inflows: $25.5M | Capital outflows: $67.1M
69% less call options, than puts
Call options by funds: $237K | Put options by funds: $773K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential plc
London, England,
United Kingdom
|
+$4.61M |
| 2 |
PAR Capital Management
Boston,
Massachusetts
|
+$3.05M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$2.16M |
| 4 |
Renaissance Technologies
New York
|
+$1.87M |
| 5 |
SCM
Simcoe Capital Management
New York
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VY Capital Management Company
Dubai,
United Arab Emirates
|
-$15.1M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$10.3M |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$5.18M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$5.15M |
| 5 |
ACM
Andor Capital Management
Rye Brook,
New York
|
-$5.05M |
CHGG Hedge Fund Activity: Q1 2016 in Review
92 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2016, worth a combined $279M — down 39% from $457M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of CHGG and 12 opened new positions — a net loss of 13 holders — while 24 trimmed existing stakes and 43 added.
The largest buyer was Prudential plc, adding an estimated $4.61M. The largest seller was VY Capital Management Company, exiting entirely with an estimated $15.1M sold.
- 92 institutional investors held Chegg (CHGG) as of Q1 2016, down from 105 in Q4 2015.
- Funds reported $279M of Chegg stock for Q1 2016, down 39% quarter-over-quarter.
- 12 funds opened new Chegg positions in Q1 2016 and 25 closed out, a net change of -13 holders.
- The largest Chegg buyer in Q1 2016 was Prudential plc, an estimated $4.61M added.
- The largest Chegg seller in Q1 2016 was VY Capital Management Company, an estimated $15.1M sold.
Based on aggregated 13F filings for Q1 2016.