Chegg
CHGG
241 hedge funds and large institutions have $948M invested in Chegg in 2023 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 83 increasing their positions, 74 reducing their positions, and 32 closing their positions.
47% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 32
12% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 74
5% more funds holding
Funds holding: 229 → 241 (+12)
4% less call options, than puts
Call options by funds: $28M | Put options by funds: $29.1M
3.91% less ownership
Funds ownership: 94.37% → 90.46% (-3.9%)
6% less capital invested
Capital invested by funds: $1.01B → $948M (-$57.7M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$12.3M |
| 2 |
Two Sigma Investments
New York
|
+$10.1M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$9.12M |
| 4 |
Millennium Management
New York
|
+$7.41M |
| 5 |
Goldman Sachs
New York
|
+$6.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$80.8M |
| 2 |
Sands Capital Management
Arlington,
Virginia
|
-$27.3M |
| 3 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$20.4M |
| 4 |
Man Group
London,
United Kingdom
|
-$17M |
| 5 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$15.7M |
CHGG Hedge Fund Activity: Q3 2023 in Review
241 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2023, worth a combined $948M — down 5.7% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CHGG positions and 32 closed out — a net gain of 15 holders — while 83 added to existing stakes and 74 trimmed.
The largest buyer was Marshall Wace, adding an estimated $12.3M. The largest seller was Jane Street, cutting an estimated $80.8M.
- 241 institutional investors held Chegg (CHGG) as of Q3 2023, up from 229 in Q2 2023.
- Funds reported $948M of Chegg stock for Q3 2023, down 5.7% quarter-over-quarter.
- 47 funds opened new Chegg positions in Q3 2023 and 32 closed out, a net change of +15 holders.
- The largest Chegg buyer in Q3 2023 was Marshall Wace, an estimated $12.3M added.
- The largest Chegg seller in Q3 2023 was Jane Street, an estimated $80.8M sold.
Based on aggregated 13F filings for Q3 2023.