Chegg
CHGG
209 hedge funds and large institutions have $301M invested in Chegg in 2024 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 82 increasing their positions, 62 reducing their positions, and 54 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 62
1.02% more ownership
Funds ownership: 91.55% → 92.57% (+1%)
5% more call options, than puts
Call options by funds: $4.66M | Put options by funds: $4.46M
9% less funds holding
Funds holding: 230 → 209 (-21)
31% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 54
58% less capital invested
Capital invested by funds: $714M → $301M (-$413M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$10.6M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$10.6M |
| 3 |
Millennium Management
New York
|
+$6.77M |
| 4 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$5.5M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$4.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$19.5M |
| 2 |
SC
Sylebra Capital
Palo Alto,
California
|
-$10.5M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$8.04M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.92M |
| 5 |
BlackRock
New York
|
-$5.5M |
CHGG Hedge Fund Activity: Q2 2024 in Review
209 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q2 2024, worth a combined $301M — down 58% from $714M a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of CHGG and 37 opened new positions — a net loss of 17 holders — while 62 trimmed existing stakes and 82 added.
The largest buyer was Acadian Asset Management, adding an estimated $10.6M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $19.5M sold.
- 209 institutional investors held Chegg (CHGG) as of Q2 2024, down from 230 in Q1 2024.
- Funds reported $301M of Chegg stock for Q2 2024, down 58% quarter-over-quarter.
- 37 funds opened new Chegg positions in Q2 2024 and 54 closed out, a net change of -17 holders.
- The largest Chegg buyer in Q2 2024 was Acadian Asset Management, an estimated $10.6M added.
- The largest Chegg seller in Q2 2024 was Baillie Gifford & Co, an estimated $19.5M sold.
Based on aggregated 13F filings for Q2 2024.