Chegg
CHGG
190 hedge funds and large institutions have $145M invested in Chegg in 2024 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 61 increasing their positions, 65 reducing their positions, and 47 closing their positions.
26% more call options, than puts
Call options by funds: $3.32M | Put options by funds: $2.63M
6% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 65
9% less funds holding
Funds holding: 209 → 190 (-19)
13.29% less ownership
Funds ownership: 92.57% → 79.28% (-13%)
38% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 47
52% less capital invested
Capital invested by funds: $301M → $145M (-$155M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
+$3.33M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$3.11M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.67M |
| 4 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
+$2.2M |
| 5 |
JP Morgan Chase
New York
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
-$10M |
| 2 |
SC
Sylebra Capital
Palo Alto,
California
|
-$8.01M |
| 3 |
BlackRock
New York
|
-$4.77M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.62M |
| 5 |
Man Group
London,
United Kingdom
|
-$4.6M |
CHGG Hedge Fund Activity: Q3 2024 in Review
190 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q3 2024, worth a combined $145M — down 52% from $301M a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CHGG and 29 opened new positions — a net loss of 18 holders — while 65 trimmed existing stakes and 61 added.
The largest buyer was Quinn Opportunity Partners, adding an estimated $3.33M. The largest seller was UBS AM, cutting an estimated $10M.
- 190 institutional investors held Chegg (CHGG) as of Q3 2024, down from 209 in Q2 2024.
- Funds reported $145M of Chegg stock for Q3 2024, down 52% quarter-over-quarter.
- 29 funds opened new Chegg positions in Q3 2024 and 47 closed out, a net change of -18 holders.
- The largest Chegg buyer in Q3 2024 was Quinn Opportunity Partners, an estimated $3.33M added.
- The largest Chegg seller in Q3 2024 was UBS AM, an estimated $10M sold.
Based on aggregated 13F filings for Q3 2024.