Chegg
CHGG
94 hedge funds and large institutions have $308M invested in Chegg in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
11% more capital invested
Capital invested by funds: $279M → $308M (+$29.5M)
2% more funds holding
Funds holding: 92 → 94 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 30
1.08% less ownership
Funds ownership: 69.5% → 68.42% (-1.1%)
28% less call options, than puts
Call options by funds: $409K | Put options by funds: $570K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$4.29M |
| 2 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$2.45M |
| 3 |
PAWC
P.A.W. Capital
Greenwich,
Connecticut
|
+$2.09M |
| 4 |
SST
S Squared Technology
New York
|
+$1.33M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$639K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Foundation Capital
Palo Alto,
California
|
-$6.69M |
| 2 |
Primecap Management
Pasadena,
California
|
-$1.64M |
| 3 |
Millennium Management
New York
|
-$1.56M |
| 4 |
SCM
Simcoe Capital Management
New York
|
-$1.56M |
| 5 |
SIM
Spark Investment Management
New York
|
-$913K |
CHGG Hedge Fund Activity: Q2 2016 in Review
94 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2016, worth a combined $308M — up 11% from $279M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CHGG positions and 9 closed out — a net gain of 2 holders — while 29 added to existing stakes and 30 trimmed.
The largest buyer was Hood River Capital Management, opening a new position worth an estimated $4.29M. The largest seller was Foundation Capital, exiting entirely with an estimated $6.69M sold.
- 94 institutional investors held Chegg (CHGG) as of Q2 2016, up from 92 in Q1 2016.
- Funds reported $308M of Chegg stock for Q2 2016, up 11% quarter-over-quarter.
- 11 funds opened new Chegg positions in Q2 2016 and 9 closed out, a net change of +2 holders.
- The largest Chegg buyer in Q2 2016 was Hood River Capital Management, an estimated $4.29M added.
- The largest Chegg seller in Q2 2016 was Foundation Capital, an estimated $6.69M sold.
Based on aggregated 13F filings for Q2 2016.