Chegg
CHGG
261 hedge funds and large institutions have $3.81B invested in Chegg in 2019 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 85 increasing their positions, 94 reducing their positions, and 40 closing their positions.
89% more call options, than puts
Call options by funds: $32.6M | Put options by funds: $17.2M
30% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 40
4% more funds holding
Funds holding: 251 → 261 (+10)
1.31% more ownership
Funds ownership: 104.96% → 106.26% (+1.3%)
10% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 94
21% less capital invested
Capital invested by funds: $4.8B → $3.81B (-$993M)
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$59M |
| 2 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
+$41.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$36.2M |
| 4 |
BlackRock
New York
|
+$33.9M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$27.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$54.1M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$32.1M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$28.4M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$26.3M |
| 5 |
Primecap Management
Pasadena,
California
|
-$24.4M |
CHGG Hedge Fund Activity: Q3 2019 in Review
261 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2019, worth a combined $3.81B — down 21% from $4.8B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new CHGG positions and 40 closed out — a net gain of 12 holders — while 85 added to existing stakes and 94 trimmed.
The largest buyer was Eagle Asset Management, opening a new position worth an estimated $59M. The largest seller was Lord, Abbett & Co, cutting an estimated $54.1M.
- 261 institutional investors held Chegg (CHGG) as of Q3 2019, up from 251 in Q2 2019.
- Funds reported $3.81B of Chegg stock for Q3 2019, down 21% quarter-over-quarter.
- 52 funds opened new Chegg positions in Q3 2019 and 40 closed out, a net change of +12 holders.
- The largest Chegg buyer in Q3 2019 was Eagle Asset Management, an estimated $59M added.
- The largest Chegg seller in Q3 2019 was Lord, Abbett & Co, an estimated $54.1M sold.
Based on aggregated 13F filings for Q3 2019.