Chegg
CHGG
405 hedge funds and large institutions have $8.29B invested in Chegg in 2020 Q2 according to their latest regulatory filings, with 150 funds opening new positions, 96 increasing their positions, 141 reducing their positions, and 25 closing their positions.
500% more first-time investments, than exits
New positions opened: 150 | Existing positions closed: 25
79% more capital invested
Capital invested by funds: $4.63B → $8.29B (+$3.66B)
44% more funds holding
Funds holding: 282 → 405 (+123)
39% more call options, than puts
Call options by funds: $144M | Put options by funds: $104M
17% more funds holding in top 10
Funds holding in top 10: 12 → 14 (+2)
6.54% less ownership
Funds ownership: 106.17% → 99.63% (-6.5%)
32% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 141
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$103M |
| 2 |
Millennium Management
New York
|
+$76.8M |
| 3 |
SM
SCGE Management
Menlo Park,
California
|
+$65.5M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$52M |
| 5 |
Sands Capital Management
Arlington,
Virginia
|
+$46.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$129M |
| 2 |
FAM
Fred Alger Management
New York
|
-$85.4M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$78.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$72.1M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
-$66M |
CHGG Hedge Fund Activity: Q2 2020 in Review
405 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2020, worth a combined $8.29B — up 79% from $4.63B a quarter earlier.
Buyers outnumbered sellers: 150 funds opened new CHGG positions and 25 closed out — a net gain of 125 holders — while 96 added to existing stakes and 141 trimmed.
The largest buyer was Artisan Partners, adding an estimated $103M. The largest seller was BlackRock, cutting an estimated $129M.
- 405 institutional investors held Chegg (CHGG) as of Q2 2020, up from 282 in Q1 2020.
- Funds reported $8.29B of Chegg stock for Q2 2020, up 79% quarter-over-quarter.
- 150 funds opened new Chegg positions in Q2 2020 and 25 closed out, a net change of +125 holders.
- The largest Chegg buyer in Q2 2020 was Artisan Partners, an estimated $103M added.
- The largest Chegg seller in Q2 2020 was BlackRock, an estimated $129M sold.
Based on aggregated 13F filings for Q2 2020.