Chegg
CHGG
103 hedge funds and large institutions have $29.8M invested in Chegg in 2026 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 25 increasing their positions, 36 reducing their positions, and 20 closing their positions.
382% more call options, than puts
Call options by funds: $2.13M | Put options by funds: $441K
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
4% less funds holding
Funds holding: 107 → 103 (-4)
5.24% less ownership
Funds ownership: 42.02% → 36.78% (-5.2%)
30% less capital invested
Capital invested by funds: $42.7M → $29.8M (-$12.9M)
31% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$419K |
| 2 |
Jane Street
New York
|
+$352K |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
+$287K |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$265K |
| 5 |
SC
Shay Capital
New York
|
+$210K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$1.09M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$822K |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$513K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$504K |
| 5 |
Charles Schwab
San Francisco,
California
|
-$483K |
CHGG Hedge Fund Activity: Q1 2026 in Review
103 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Chegg (CHGG) for Q1 2026, worth a combined $29.8M — down 30% from $42.7M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CHGG and 19 opened new positions — a net loss of 1 holder — while 36 trimmed existing stakes and 25 added.
The largest buyer was Meteora Capital, adding an estimated $419K. The largest seller was Mackenzie Financial, exiting entirely with an estimated $1.09M sold.
- 103 institutional investors held Chegg (CHGG) as of Q1 2026, down from 107 in Q4 2025.
- Funds reported $29.8M of Chegg stock for Q1 2026, down 30% quarter-over-quarter.
- 19 funds opened new Chegg positions in Q1 2026 and 20 closed out, a net change of -1 holder.
- The largest Chegg buyer in Q1 2026 was Meteora Capital, an estimated $419K added.
- The largest Chegg seller in Q1 2026 was Mackenzie Financial, an estimated $1.09M sold.
Based on aggregated 13F filings for Q1 2026.