Chegg
CHGG
279 hedge funds and large institutions have $2.27B invested in Chegg in 2022 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 86 increasing their positions, 104 reducing their positions, and 106 closing their positions.
184% more call options, than puts
Call options by funds: $95.8M | Put options by funds: $33.8M
3.56% more ownership
Funds ownership: 92.24% → 95.8% (+3.6%)
17% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 104
20% less funds holding
Funds holding: 349 → 279 (-70)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
50% less capital invested
Capital invested by funds: $4.51B → $2.27B (-$2.25B)
60% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$58.1M |
| 2 |
Renaissance Technologies
New York
|
+$51.5M |
| 3 |
VCM
Valiant Capital Management
San Francisco,
California
|
+$44.3M |
| 4 |
Two Sigma Investments
New York
|
+$35.1M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$34.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$79.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$69.8M |
| 3 |
Janus Henderson Group
London,
|
-$52.9M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$49.8M |
| 5 |
Primecap Management
Pasadena,
California
|
-$49.6M |
CHGG Hedge Fund Activity: Q2 2022 in Review
279 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2022, worth a combined $2.27B — down 50% from $4.51B a quarter earlier.
Sellers outnumbered buyers: 106 funds closed out of CHGG and 42 opened new positions — a net loss of 64 holders — while 104 trimmed existing stakes and 86 added.
The largest buyer was BlackRock, adding an estimated $58.1M. The largest seller was Artisan Partners, cutting an estimated $79.7M.
- 279 institutional investors held Chegg (CHGG) as of Q2 2022, down from 349 in Q1 2022.
- Funds reported $2.27B of Chegg stock for Q2 2022, down 50% quarter-over-quarter.
- 42 funds opened new Chegg positions in Q2 2022 and 106 closed out, a net change of -64 holders.
- The largest Chegg buyer in Q2 2022 was BlackRock, an estimated $58.1M added.
- The largest Chegg seller in Q2 2022 was Artisan Partners, an estimated $79.7M sold.
Based on aggregated 13F filings for Q2 2022.