Chegg
CHGG
110 hedge funds and large institutions have $454M invested in Chegg in 2016 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 37 increasing their positions, 21 reducing their positions, and 12 closing their positions.
1,112% more call options, than puts
Call options by funds: $1.37M | Put options by funds: $113K
133% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 12
76% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 21
47% more capital invested
Capital invested by funds: $308M → $454M (+$145M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
17% more funds holding
Funds holding: 94 → 110 (+16)
1.9% more ownership
Funds ownership: 68.42% → 70.32% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$22.2M |
| 2 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$8.98M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$3.69M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$3.43M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IHG
Insight Holdings Group
New York
|
-$27.2M |
| 2 |
PP
Prudential plc
London, England,
United Kingdom
|
-$6.81M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.68M |
| 4 |
Renaissance Technologies
New York
|
-$1.07M |
| 5 |
ARTA
A.R.T. Advisors
New York
|
-$746K |
CHGG Hedge Fund Activity: Q3 2016 in Review
110 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2016, worth a combined $454M — up 47% from $308M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new CHGG positions and 12 closed out — a net gain of 16 holders — while 37 added to existing stakes and 21 trimmed.
The largest buyer was TimesSquare Capital Management, opening a new position worth an estimated $22.2M. The largest seller was Insight Holdings Group, cutting an estimated $27.2M.
- 110 institutional investors held Chegg (CHGG) as of Q3 2016, up from 94 in Q2 2016.
- Funds reported $454M of Chegg stock for Q3 2016, up 47% quarter-over-quarter.
- 28 funds opened new Chegg positions in Q3 2016 and 12 closed out, a net change of +16 holders.
- The largest Chegg buyer in Q3 2016 was TimesSquare Capital Management, an estimated $22.2M added.
- The largest Chegg seller in Q3 2016 was Insight Holdings Group, an estimated $27.2M sold.
Based on aggregated 13F filings for Q3 2016.