Chegg
CHGG
251 hedge funds and large institutions have $4.8B invested in Chegg in 2019 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 95 increasing their positions, 96 reducing their positions, and 55 closing their positions.
133% more call options, than puts
Call options by funds: $45.6M | Put options by funds: $19.6M
4% more capital invested
Capital invested by funds: $4.63B → $4.8B (+$172M)
0.16% more ownership
Funds ownership: 104.8% → 104.96% (+0.16%)
0% more funds holding in top 10
Funds holding in top 10: 13 → 13 (0)
1% less repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 96
10% less funds holding
Funds holding: 278 → 251 (-27)
42% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$73.2M |
| 2 |
FAM
Fred Alger Management
New York
|
+$64.4M |
| 3 |
Morgan Stanley
New York
|
+$49.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$43.2M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$41.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Primecap Management
Pasadena,
California
|
-$38.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$29.8M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$24.4M |
| 4 |
Goldman Sachs
New York
|
-$22.9M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$22.7M |
CHGG Hedge Fund Activity: Q2 2019 in Review
251 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2019, worth a combined $4.8B — up 3.7% from $4.63B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of CHGG and 32 opened new positions — a net loss of 23 holders — while 96 trimmed existing stakes and 95 added.
The largest buyer was Bank of America, adding an estimated $73.2M. The largest seller was Primecap Management, cutting an estimated $38.9M.
- 251 institutional investors held Chegg (CHGG) as of Q2 2019, down from 278 in Q1 2019.
- Funds reported $4.8B of Chegg stock for Q2 2019, up 3.7% quarter-over-quarter.
- 32 funds opened new Chegg positions in Q2 2019 and 55 closed out, a net change of -23 holders.
- The largest Chegg buyer in Q2 2019 was Bank of America, an estimated $73.2M added.
- The largest Chegg seller in Q2 2019 was Primecap Management, an estimated $38.9M sold.
Based on aggregated 13F filings for Q2 2019.