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Chegg
CHGG

223 hedge funds and large institutions have $1.11B invested in Chegg in 2023 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 72 increasing their positions, 83 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more capital invested

Capital invested by funds: $948M → $1.11B (+$164M)

1% more call options, than puts

Call options by funds: $30.2M | Put options by funds: $29.9M

5.87% less ownership

Funds ownership: 90.46% → 84.59% (-5.9%)

7% less funds holding

Funds holding: 241 → 223 (-18)

13% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 83

29% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 48

Holders
223
Holders Change
-18
Holders Change %
-7.47%
% of All Funds
3.25%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
34
Increased
72
Reduced
83
Closed
48
Calls
$30.2M
Puts
$29.9M
Net Calls
+$348K
Net Calls Change
+$1.43M

Top Buyers

Rank Fund Capital Flow
1
SC
Sylebra Capital
California
+$24.1M
2
Man Group
Man Group
United Kingdom
+$18.4M
3
Morgan Stanley
Morgan Stanley
New York
+$13.5M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$11.6M
5
Millennium Management
Millennium Management
New York
+$10.8M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$49.7M
2
Sands Capital Management
Sands Capital Management
Virginia
-$42.7M
3
Marshall Wace
Marshall Wace
United Kingdom
-$12.2M
4
TC
TwinBeech Capital
New York
-$5.09M
5
Goldman Sachs
Goldman Sachs
New York
-$4.9M

CHGG Hedge Fund Activity: Q4 2023 in Review

223 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q4 2023, worth a combined $1.11B — up 17% from $948M a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of CHGG and 34 opened new positions — a net loss of 14 holders — while 83 trimmed existing stakes and 72 added.

The largest buyer was Sylebra Capital, adding an estimated $24.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $49.7M.

  • 223 institutional investors held Chegg (CHGG) as of Q4 2023, down from 241 in Q3 2023.
  • Funds reported $1.11B of Chegg stock for Q4 2023, up 17% quarter-over-quarter.
  • 34 funds opened new Chegg positions in Q4 2023 and 48 closed out, a net change of -14 holders.
  • The largest Chegg buyer in Q4 2023 was Sylebra Capital, an estimated $24.1M added.
  • The largest Chegg seller in Q4 2023 was Baillie Gifford & Co, an estimated $49.7M sold.

Based on aggregated 13F filings for Q4 2023.