Chegg
CHGG
349 hedge funds and large institutions have $4.51B invested in Chegg in 2022 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 110 increasing their positions, 116 reducing their positions, and 64 closing their positions.
42% more call options, than puts
Call options by funds: $162M | Put options by funds: $114M
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
13% more capital invested
Capital invested by funds: $4B → $4.51B (+$515M)
13% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 64
2.33% more ownership
Funds ownership: 89.91% → 92.24% (+2.3%)
1% more funds holding
Funds holding: 344 → 349 (+5)
5% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
+$43.8M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$29.5M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$27.4M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$27.2M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$19.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$64.5M |
| 2 |
Morgan Stanley
New York
|
-$60.8M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$44.1M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$43.2M |
| 5 |
Two Sigma Advisers
New York
|
-$32.2M |
CHGG Hedge Fund Activity: Q1 2022 in Review
349 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2022, worth a combined $4.51B — up 13% from $4B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new CHGG positions and 64 closed out — a net gain of 8 holders — while 110 added to existing stakes and 116 trimmed.
The largest buyer was UBS AM, adding an estimated $43.8M. The largest seller was Two Sigma Investments, cutting an estimated $64.5M.
- 349 institutional investors held Chegg (CHGG) as of Q1 2022, up from 344 in Q4 2021.
- Funds reported $4.51B of Chegg stock for Q1 2022, up 13% quarter-over-quarter.
- 72 funds opened new Chegg positions in Q1 2022 and 64 closed out, a net change of +8 holders.
- The largest Chegg buyer in Q1 2022 was UBS AM, an estimated $43.8M added.
- The largest Chegg seller in Q1 2022 was Two Sigma Investments, an estimated $64.5M sold.
Based on aggregated 13F filings for Q1 2022.