Chegg
CHGG
162 hedge funds and large institutions have $1.94B invested in Chegg in 2017 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 73 increasing their positions, 43 reducing their positions, and 23 closing their positions.
941% more call options, than puts
Call options by funds: $7.11M | Put options by funds: $683K
70% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 43
35% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 23
19% more capital invested
Capital invested by funds: $1.62B → $1.94B (+$315M)
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
6.01% more ownership
Funds ownership: 103.47% → 109.48% (+6%)
5% more funds holding
Funds holding: 155 → 162 (+7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$35.5M |
| 2 |
ClearBridge Investments
New York
|
+$19.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.7M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$16.6M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$13.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$8.67M |
| 2 |
Primecap Management
Pasadena,
California
|
-$7.92M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$6.43M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$6.05M |
| 5 |
PP
PDT Partners
New York
|
-$5.53M |
CHGG Hedge Fund Activity: Q4 2017 in Review
162 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2017, worth a combined $1.94B — up 19% from $1.62B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CHGG positions and 23 closed out — a net gain of 8 holders — while 73 added to existing stakes and 43 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $35.5M. The largest seller was Deutsche Bank, cutting an estimated $8.67M.
- 162 institutional investors held Chegg (CHGG) as of Q4 2017, up from 155 in Q3 2017.
- Funds reported $1.94B of Chegg stock for Q4 2017, up 19% quarter-over-quarter.
- 31 funds opened new Chegg positions in Q4 2017 and 23 closed out, a net change of +8 holders.
- The largest Chegg buyer in Q4 2017 was Goldman Sachs, an estimated $35.5M added.
- The largest Chegg seller in Q4 2017 was Deutsche Bank, an estimated $8.67M sold.
Based on aggregated 13F filings for Q4 2017.