Chegg
CHGG
105 hedge funds and large institutions have $620M invested in Chegg in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 17 closing their positions.
1,213% more call options, than puts
Call options by funds: $2.7M | Put options by funds: $206K
35% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 31
18% more capital invested
Capital invested by funds: $523M → $620M (+$96.6M)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
2.37% more ownership
Funds ownership: 77.58% → 79.95% (+2.4%)
8% less funds holding
Funds holding: 114 → 105 (-9)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$35.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$15.6M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.26M |
| 4 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$4.24M |
| 5 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$3.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.74M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$1.69M |
| 3 |
Two Sigma Investments
New York
|
-$1.24M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$1.19M |
| 5 |
Morgan Stanley
New York
|
-$993K |
CHGG Hedge Fund Activity: Q1 2017 in Review
105 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2017, worth a combined $620M — up 18% from $523M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CHGG and 14 opened new positions — a net loss of 3 holders — while 31 trimmed existing stakes and 42 added.
The largest buyer was BlackRock, adding an estimated $35.8M. The largest seller was Millennium Management, cutting an estimated $1.74M.
- 105 institutional investors held Chegg (CHGG) as of Q1 2017, down from 114 in Q4 2016.
- Funds reported $620M of Chegg stock for Q1 2017, up 18% quarter-over-quarter.
- 14 funds opened new Chegg positions in Q1 2017 and 17 closed out, a net change of -3 holders.
- The largest Chegg buyer in Q1 2017 was BlackRock, an estimated $35.8M added.
- The largest Chegg seller in Q1 2017 was Millennium Management, an estimated $1.74M sold.
Based on aggregated 13F filings for Q1 2017.