Chegg
CHGG
191 hedge funds and large institutions have $3.29B invested in Chegg in 2018 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 56 increasing their positions, 79 reducing their positions, and 37 closing their positions.
41% more call options, than puts
Call options by funds: $5.07M | Put options by funds: $3.6M
32% more capital invested
Capital invested by funds: $2.49B → $3.29B (+$794M)
3% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 37
0% more funds holding in top 10
Funds holding in top 10: 15 → 15 (0)
1% less funds holding
Funds holding: 192 → 191 (-1)
4.24% less ownership
Funds ownership: 109.68% → 105.44% (-4.2%)
29% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$57.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$25.7M |
| 3 |
BlackRock
New York
|
+$24.6M |
| 4 |
Morgan Stanley
New York
|
+$18M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$17.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$40.7M |
| 2 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$26.8M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$19.3M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17.2M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
-$15.5M |
CHGG Hedge Fund Activity: Q2 2018 in Review
191 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2018, worth a combined $3.29B — up 32% from $2.49B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new CHGG positions and 37 closed out — a net gain of 1 holder — while 56 added to existing stakes and 79 trimmed.
The largest buyer was Vanguard Group, adding an estimated $57.7M. The largest seller was PAR Capital Management, cutting an estimated $40.7M.
- 191 institutional investors held Chegg (CHGG) as of Q2 2018, down from 192 in Q1 2018.
- Funds reported $3.29B of Chegg stock for Q2 2018, up 32% quarter-over-quarter.
- 38 funds opened new Chegg positions in Q2 2018 and 37 closed out, a net change of +1 holder.
- The largest Chegg buyer in Q2 2018 was Vanguard Group, an estimated $57.7M added.
- The largest Chegg seller in Q2 2018 was PAR Capital Management, an estimated $40.7M sold.
Based on aggregated 13F filings for Q2 2018.