Chegg
CHGG
114 hedge funds and large institutions have $523M invested in Chegg in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 50 increasing their positions, 25 reducing their positions, and 15 closing their positions.
110% more call options, than puts
Call options by funds: $2.02M | Put options by funds: $962K
100% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 25
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15% more capital invested
Capital invested by funds: $454M → $523M (+$69.5M)
7.27% more ownership
Funds ownership: 70.32% → 77.58% (+7.3%)
4% more funds holding
Funds holding: 110 → 114 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$27.6M |
| 2 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$7.64M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
+$7.42M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$3.45M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IHG
Insight Holdings Group
New York
|
-$22.6M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$3.36M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$3.13M |
| 4 |
Renaissance Technologies
New York
|
-$2.24M |
| 5 |
ACM
Addison Clark Management
Stamford,
Connecticut
|
-$1.54M |
CHGG Hedge Fund Activity: Q4 2016 in Review
114 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2016, worth a combined $523M — up 15% from $454M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CHGG positions and 15 closed out — a net gain of 6 holders — while 50 added to existing stakes and 25 trimmed.
The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $27.6M. The largest seller was Insight Holdings Group, exiting entirely with an estimated $22.6M sold.
- 114 institutional investors held Chegg (CHGG) as of Q4 2016, up from 110 in Q3 2016.
- Funds reported $523M of Chegg stock for Q4 2016, up 15% quarter-over-quarter.
- 21 funds opened new Chegg positions in Q4 2016 and 15 closed out, a net change of +6 holders.
- The largest Chegg buyer in Q4 2016 was T. Rowe Price Associates, an estimated $27.6M added.
- The largest Chegg seller in Q4 2016 was Insight Holdings Group, an estimated $22.6M sold.
Based on aggregated 13F filings for Q4 2016.