Chegg
CHGG
423 hedge funds and large institutions have $11.8B invested in Chegg in 2021 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 149 increasing their positions, 170 reducing their positions, and 68 closing their positions.
54% more call options, than puts
Call options by funds: $254M | Put options by funds: $164M
0.12% more ownership
Funds ownership: 99.77% → 99.89% (+0.12%)
2% less capital invested
Capital invested by funds: $12B → $11.8B (-$210M)
6% less funds holding
Funds holding: 450 → 423 (-27)
12% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 170
35% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 68
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$113M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$95.9M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
+$60.5M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$55.5M |
| 5 |
JG
Jefferies Group
New York
|
+$52.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$173M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$61.1M |
| 3 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$51.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$48.9M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$39.1M |
CHGG Hedge Fund Activity: Q2 2021 in Review
423 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2021, worth a combined $11.8B — down 1.7% from $12B a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of CHGG and 44 opened new positions — a net loss of 24 holders — while 170 trimmed existing stakes and 149 added.
The largest buyer was AllianceBernstein, adding an estimated $113M. The largest seller was Wellington Management Group, cutting an estimated $173M.
- 423 institutional investors held Chegg (CHGG) as of Q2 2021, down from 450 in Q1 2021.
- Funds reported $11.8B of Chegg stock for Q2 2021, down 1.7% quarter-over-quarter.
- 44 funds opened new Chegg positions in Q2 2021 and 68 closed out, a net change of -24 holders.
- The largest Chegg buyer in Q2 2021 was AllianceBernstein, an estimated $113M added.
- The largest Chegg seller in Q2 2021 was Wellington Management Group, an estimated $173M sold.
Based on aggregated 13F filings for Q2 2021.