Chegg
CHGG
418 hedge funds and large institutions have $9.68B invested in Chegg in 2021 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 169 increasing their positions, 127 reducing their positions, and 55 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 127
29% more call options, than puts
Call options by funds: $193M | Put options by funds: $149M
4% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 55
1% less funds holding
Funds holding: 423 → 418 (-5)
1.51% less ownership
Funds ownership: 99.89% → 98.37% (-1.5%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
18% less capital invested
Capital invested by funds: $11.8B → $9.68B (-$2.11B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$345M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$83.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$52.4M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$17.9M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
+$16.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$147M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$74.3M |
| 3 |
JG
Jefferies Group
New York
|
-$47.8M |
| 4 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
-$34.2M |
| 5 |
Two Sigma Advisers
New York
|
-$33.8M |
CHGG Hedge Fund Activity: Q3 2021 in Review
418 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2021, worth a combined $9.68B — down 18% from $11.8B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of CHGG and 53 opened new positions — a net loss of 2 holders — while 127 trimmed existing stakes and 169 added.
The largest buyer was AllianceBernstein, adding an estimated $345M. The largest seller was Neuberger Berman Group, cutting an estimated $147M.
- 418 institutional investors held Chegg (CHGG) as of Q3 2021, down from 423 in Q2 2021.
- Funds reported $9.68B of Chegg stock for Q3 2021, down 18% quarter-over-quarter.
- 53 funds opened new Chegg positions in Q3 2021 and 55 closed out, a net change of -2 holders.
- The largest Chegg buyer in Q3 2021 was AllianceBernstein, an estimated $345M added.
- The largest Chegg seller in Q3 2021 was Neuberger Berman Group, an estimated $147M sold.
Based on aggregated 13F filings for Q3 2021.