Chegg
CHGG
449 hedge funds and large institutions have $11.6B invested in Chegg in 2020 Q4 according to their latest regulatory filings, with 103 funds opening new positions, 147 increasing their positions, 158 reducing their positions, and 78 closing their positions.
32% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 78
27% more capital invested
Capital invested by funds: $9.17B → $11.6B (+$2.44B)
11% more call options, than puts
Call options by funds: $294M | Put options by funds: $264M
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+1)
4% more funds holding
Funds holding: 432 → 449 (+17)
7% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 158
3.49% less ownership
Funds ownership: 103.24% → 99.75% (-3.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$262M |
| 2 |
BlackRock
New York
|
+$89.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$60M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$59.1M |
| 5 |
N
Natixis
Paris,
France
|
+$44.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$109M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$107M |
| 3 |
Neuberger Berman Group
New York
|
-$90.5M |
| 4 |
SM
SCGE Management
Menlo Park,
California
|
-$87.5M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$82.1M |
CHGG Hedge Fund Activity: Q4 2020 in Review
449 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2020, worth a combined $11.6B — up 27% from $9.17B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new CHGG positions and 78 closed out — a net gain of 25 holders — while 147 added to existing stakes and 158 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $262M. The largest seller was Invesco, cutting an estimated $109M.
- 449 institutional investors held Chegg (CHGG) as of Q4 2020, up from 432 in Q3 2020.
- Funds reported $11.6B of Chegg stock for Q4 2020, up 27% quarter-over-quarter.
- 103 funds opened new Chegg positions in Q4 2020 and 78 closed out, a net change of +25 holders.
- The largest Chegg buyer in Q4 2020 was Wellington Management Group, an estimated $262M added.
- The largest Chegg seller in Q4 2020 was Invesco, an estimated $109M sold.
Based on aggregated 13F filings for Q4 2020.