Chegg
CHGG
344 hedge funds and large institutions have $4B invested in Chegg in 2021 Q4 according to their latest regulatory filings, with 85 funds opening new positions, 126 increasing their positions, 100 reducing their positions, and 153 closing their positions.
75% more call options, than puts
Call options by funds: $175M | Put options by funds: $100M
26% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 100
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
8.46% less ownership
Funds ownership: 98.37% → 89.91% (-8.5%)
18% less funds holding
Funds holding: 418 → 344 (-74)
44% less first-time investments, than exits
New positions opened: 85 | Existing positions closed: 153
59% less capital invested
Capital invested by funds: $9.68B → $4B (-$5.68B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$172M |
| 2 |
Two Sigma Investments
New York
|
+$118M |
| 3 |
Morgan Stanley
New York
|
+$112M |
| 4 |
Two Sigma Advisers
New York
|
+$98.2M |
| 5 |
Sands Capital Management
Arlington,
Virginia
|
+$93.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$382M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$296M |
| 3 |
BlackRock
New York
|
-$185M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$141M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$104M |
CHGG Hedge Fund Activity: Q4 2021 in Review
344 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2021, worth a combined $4B — down 59% from $9.68B a quarter earlier.
Sellers outnumbered buyers: 153 funds closed out of CHGG and 85 opened new positions — a net loss of 68 holders — while 100 trimmed existing stakes and 126 added.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $172M. The largest seller was AllianceBernstein, cutting an estimated $382M.
- 344 institutional investors held Chegg (CHGG) as of Q4 2021, down from 418 in Q3 2021.
- Funds reported $4B of Chegg stock for Q4 2021, down 59% quarter-over-quarter.
- 85 funds opened new Chegg positions in Q4 2021 and 153 closed out, a net change of -68 holders.
- The largest Chegg buyer in Q4 2021 was Capital Research Global Investors, an estimated $172M added.
- The largest Chegg seller in Q4 2021 was AllianceBernstein, an estimated $382M sold.
Based on aggregated 13F filings for Q4 2021.