Chegg
CHGG
192 hedge funds and large institutions have $2.49B invested in Chegg in 2018 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 47 increasing their positions, 78 reducing their positions, and 16 closing their positions.
194% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 16
29% more capital invested
Capital invested by funds: $1.94B → $2.49B (+$554M)
19% more funds holding
Funds holding: 162 → 192 (+30)
15% more funds holding in top 10
Funds holding in top 10: 13 → 15 (+2)
0.2% more ownership
Funds ownership: 109.48% → 109.68% (+0.2%)
40% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 78
53% less call options, than puts
Call options by funds: $3.85M | Put options by funds: $8.16M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$59.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$39.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$32.5M |
| 4 |
HCM
Hitchwood Capital Management
New York
|
+$24.6M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$15.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$36M |
| 2 |
DAM
Dorsey Asset Management
Chicago,
Illinois
|
-$29.4M |
| 3 |
ECP
Elk Creek Partners
Denver,
Colorado
|
-$15.5M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$11.3M |
| 5 |
Goldman Sachs
New York
|
-$10.7M |
CHGG Hedge Fund Activity: Q1 2018 in Review
192 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2018, worth a combined $2.49B — up 29% from $1.94B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CHGG positions and 16 closed out — a net gain of 31 holders — while 47 added to existing stakes and 78 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $59.2M. The largest seller was T. Rowe Price Associates, cutting an estimated $36M.
- 192 institutional investors held Chegg (CHGG) as of Q1 2018, up from 162 in Q4 2017.
- Funds reported $2.49B of Chegg stock for Q1 2018, up 29% quarter-over-quarter.
- 47 funds opened new Chegg positions in Q1 2018 and 16 closed out, a net change of +31 holders.
- The largest Chegg buyer in Q1 2018 was Baillie Gifford & Co, an estimated $59.2M added.
- The largest Chegg seller in Q1 2018 was T. Rowe Price Associates, an estimated $36M sold.
Based on aggregated 13F filings for Q1 2018.