Chegg
CHGG
450 hedge funds and large institutions have $12B invested in Chegg in 2021 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 178 increasing their positions, 153 reducing their positions, and 58 closing their positions.
21% more call options, than puts
Call options by funds: $231M | Put options by funds: $191M
16% more repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 153
7% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 58
3% more capital invested
Capital invested by funds: $11.6B → $12B (+$384M)
0% more funds holding
Funds holding: 449 → 450 (+1)
0.01% more ownership
Funds ownership: 99.75% → 99.77% (+0.01%)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$217M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$214M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$185M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
+$147M |
| 5 |
BlackRock
New York
|
+$124M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$106M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$65.3M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$44.5M |
| 4 |
Primecap Management
Pasadena,
California
|
-$37.2M |
| 5 |
JP Morgan Chase
New York
|
-$34.7M |
CHGG Hedge Fund Activity: Q1 2021 in Review
450 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2021, worth a combined $12B — up 3.3% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new CHGG positions and 58 closed out — a net gain of 4 holders — while 178 added to existing stakes and 153 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $217M. The largest seller was Sylebra Capital (HK), cutting an estimated $106M.
- 450 institutional investors held Chegg (CHGG) as of Q1 2021, up from 449 in Q4 2020.
- Funds reported $12B of Chegg stock for Q1 2021, up 3.3% quarter-over-quarter.
- 62 funds opened new Chegg positions in Q1 2021 and 58 closed out, a net change of +4 holders.
- The largest Chegg buyer in Q1 2021 was AllianceBernstein, an estimated $217M added.
- The largest Chegg seller in Q1 2021 was Sylebra Capital (HK), an estimated $106M sold.
Based on aggregated 13F filings for Q1 2021.