Chegg
CHGG
155 hedge funds and large institutions have $1.62B invested in Chegg in 2017 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 74 increasing their positions, 34 reducing their positions, and 34 closing their positions.
1,320% more call options, than puts
Call options by funds: $13.4M | Put options by funds: $942K
118% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 34
50% more funds holding in top 10
Funds holding in top 10: 8 → 12 (+4)
46% more capital invested
Capital invested by funds: $1.11B → $1.62B (+$514M)
7.98% more ownership
Funds ownership: 95.48% → 103.47% (+8%)
3% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 34
1% less funds holding
Funds holding: 157 → 155 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$40.1M |
| 2 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$36.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$35.4M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$25.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$23.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$11.7M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$9.6M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$8.51M |
| 4 |
Primecap Management
Pasadena,
California
|
-$7.33M |
| 5 |
Millennium Management
New York
|
-$6.09M |
CHGG Hedge Fund Activity: Q3 2017 in Review
155 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2017, worth a combined $1.62B — up 46% from $1.11B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of CHGG and 33 opened new positions — a net loss of 1 holder — while 34 trimmed existing stakes and 74 added.
The largest buyer was AllianceBernstein, adding an estimated $40.1M. The largest seller was Renaissance Technologies, cutting an estimated $11.7M.
- 155 institutional investors held Chegg (CHGG) as of Q3 2017, down from 157 in Q2 2017.
- Funds reported $1.62B of Chegg stock for Q3 2017, up 46% quarter-over-quarter.
- 33 funds opened new Chegg positions in Q3 2017 and 34 closed out, a net change of -1 holder.
- The largest Chegg buyer in Q3 2017 was AllianceBernstein, an estimated $40.1M added.
- The largest Chegg seller in Q3 2017 was Renaissance Technologies, an estimated $11.7M sold.
Based on aggregated 13F filings for Q3 2017.