Chegg
CHGG
157 hedge funds and large institutions have $1.11B invested in Chegg in 2017 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 49 increasing their positions, 35 reducing their positions, and 7 closing their positions.
1,334% more call options, than puts
Call options by funds: $8.5M | Put options by funds: $593K
743% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 7
79% more capital invested
Capital invested by funds: $620M → $1.11B (+$489M)
50% more funds holding
Funds holding: 105 → 157 (+52)
40% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 35
15.53% more ownership
Funds ownership: 79.95% → 95.48% (+16%)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$49M |
| 2 |
FAM
Fred Alger Management
New York
|
+$27.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$19M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$18.5M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$26.8M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$8.61M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$4.71M |
| 4 |
ECP
Elk Creek Partners
Denver,
Colorado
|
-$3M |
| 5 |
UC
Unterberg Capital
New York
|
-$2.21M |
CHGG Hedge Fund Activity: Q2 2017 in Review
157 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2017, worth a combined $1.11B — up 79% from $620M a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new CHGG positions and 7 closed out — a net gain of 52 holders — while 49 added to existing stakes and 35 trimmed.
The largest buyer was Gilder Gagnon Howe & Co, opening a new position worth an estimated $49M. The largest seller was PAR Capital Management, cutting an estimated $26.8M.
- 157 institutional investors held Chegg (CHGG) as of Q2 2017, up from 105 in Q1 2017.
- Funds reported $1.11B of Chegg stock for Q2 2017, up 79% quarter-over-quarter.
- 59 funds opened new Chegg positions in Q2 2017 and 7 closed out, a net change of +52 holders.
- The largest Chegg buyer in Q2 2017 was Gilder Gagnon Howe & Co, an estimated $49M added.
- The largest Chegg seller in Q2 2017 was PAR Capital Management, an estimated $26.8M sold.
Based on aggregated 13F filings for Q2 2017.