CHEGG INC CHGG
COM · Common Stock · CUSIP 163092109 · ISIN US1630921096
American education technology company based in Santa Clara, California, that offers online textbook rentals
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.4m this quarter). Holder counts are more reliable. Shares outstanding: 126.6m as of 2023-01-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $25.36. Options: 24 managers hold calls ($89.5m notional), 21 hold puts ($53.8m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 279 |
| Q4 2022 | 304 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $73.0m | $44.0m | 0.60 |
| Q4 2022 | $89.5m | $53.8m | 0.60 |
Biggest buyers
| Schonfeld Strategic Advisors LLC | Added | +848.7k |
| AMERICAN CENTURY COMPANIES INC | New | +689.2k |
| SAMLYN CAPITAL, LLC | New | +623.2k |
| Nuveen Asset Management, LLC | Added | +599.6k |
| VANGUARD GROUP INC | Added | +581.8k |
| BNP PARIBAS FINANCIAL MARKETS | New | +492.3k |
| Allianz Asset Management GmbH | New | +458.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. | New | +456.2k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +381.1k |
| TWINBEECH CAPITAL LP | New | +271.3k |
Biggest sellers
| FEDERATED HERMES, INC. | Reduced | -2.2m |
| CITADEL ADVISORS LLC | Reduced | -1.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -728.0k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -500.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -448.1k |
| Capital Research Global Investors | Reduced | -363.1k |
| ExodusPoint Capital Management, LP | Sold out | -338.9k |
| Granahan Investment Management, LLC | Reduced | -331.7k |
| Man Group plc | Reduced | -315.8k |
| Candriam S.C.A. | Reduced | -313.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $17.9m707.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.6m498.3k shares |
| BARCLAYS PLC | First filing | $9.7m382.0k shares |
| Walleye Trading LLC | Reduced | $6.4m255.1k shares |
| GROUP ONE TRADING LLC | Reduced | $6.3m250.0k shares |
| JANE STREET GROUP, LLC | Reduced | $5.1m200.4k shares |
| GOLDMAN SACHS GROUP INC | Added | $5.0m197.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $4.0m158.7k shares |
| PEAK6 Investments LLC | Reduced | $3.9m155.4k shares |
| SIMPLEX TRADING, LLC | Added | $3.9m154.4k shares |
Biggest puts
| PEAK6 Investments LLC | Reduced | $11.4m452.1k shares |
| Balyasny Asset Management L.P. | New | $11.4m450.0k shares |
| JANE STREET GROUP, LLC | Reduced | $6.7m264.7k shares |
| Walleye Trading LLC | Added | $5.9m231.7k shares |
| CITADEL ADVISORS LLC | Added | $2.9m115.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.2m86.5k shares |
| IMC-Chicago, LLC | Reduced | $2.2m85.3k shares |
| GROUP ONE TRADING LLC | Added | $2.1m81.7k shares |
| JPMORGAN CHASE & CO | New | $1.5m60.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $1.5m59.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Galloway Capital Partners, LLC
13D · may seek influence
new · filed 2026-04-08
Stated purposeEach Reporting Person acquired the securities described in this Schedule 13D for investment purposes and intend to review its investment in the Issuer on a continuing basis. Each Reporting Person may from time to time acquire additional securities of the Issuer or retain or sell all or a portion of the shares then held by such Reporting Person, in the open market, block trades, underwritten public offerings or privately negotiated transactions. Any actions any Reporting Person might undertake with respect to its investment in the Issuer may be made at any time and from time to time and will be dependent upon such Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the Issuer's business, financial condition, operations, prospects and strate… Full filing |
5.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 3 | $2.3m | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $360.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-11-15 | LEBLANC PAUL Director | Sold | $360.9k12.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 0.47% of their portfolio | 17.9m $453.1m | Reduced -279.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 12.3m $312.0m | Added +581.8k |
| BlackRock Inc. 0.01% of their portfolio | 9.0m $226.7m | Added +232.8k |
| SANDS CAPITAL MANAGEMENT, LLC 0.52% of their portfolio | 5.5m $137.7m | Added +72.5k |
| Capital Research Global Investors 0.04% of their portfolio | 4.8m $121.7m | Reduced -363.1k |
| FRED ALGER MANAGEMENT, LLC 0.45% of their portfolio | 3.3m $82.9m | Added +87.0k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 2.7m $67.3m | Added +25.3k |
| STATE STREET CORP 0.00% of their portfolio | 2.6m $66.9m | Reduced -12.5k |
| Artisan Partners Limited Partnership 0.11% of their portfolio | 2.6m $64.8m | Reduced -30.9k |
| D. E. Shaw & Co., Inc. 0.11% of their portfolio | 2.5m $63.7m | Reduced -144.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.3m $58.5m | Added +159.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.2m $56.1m | Added +62.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.2m $55.7m | Reduced -151.3k |
| NORGES BANK 0.01% of their portfolio | 1.8m $45.3m | Reduced -127.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.6m $41.6m | Added +64.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $40.9m | Added +176.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.27% of their portfolio | 1.6m $39.5m | Reduced -112.5k |
| TWO SIGMA ADVISERS, LP 0.11% of their portfolio | 1.5m $39.0m | Reduced -303.2k |
| EAGLE ASSET MANAGEMENT INC 0.24% of their portfolio | 1.5m $38.9m | Added +38.1k |
| Valiant Capital Management, L.P. 8.73% of their portfolio | 1.4m $36.5m | Reduced -156.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.2m $31.4m | Added +9.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.2m $30.2m | Added +3.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 1.1m $27.7m | Reduced -23.7k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 983.8k $24.9m | Added +599.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 929.6k $23.5m | Added +13.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 928.7k $23.5m | Reduced -27.8k |
| Sylebra Capital Ltd 1.30% of their portfolio | 911.9k $23.0m | Reduced -35.8k |
| Schonfeld Strategic Advisors LLC 0.18% of their portfolio | 861.5k $21.8m | Added +848.7k |
| ASHFORD CAPITAL MANAGEMENT INC 3.33% of their portfolio | 850.3k $21.5m | Added +57.8k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 837.4k $21.2m | Reduced -500.9k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 763.1k $19.3m | Reduced -219.6k |
| Candriam S.C.A. 0.12% of their portfolio | 731.3k $18.5m | Reduced -313.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 689.2k $17.4m | New |
| AXA S.A. 0.06% of their portfolio | 645.4k $16.3m | Added +10.0k |
| Granahan Investment Management, LLC 0.49% of their portfolio | 637.8k $16.1m | Reduced -331.7k |
| SAMLYN CAPITAL, LLC 0.31% of their portfolio | 623.2k $15.7m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 618.7k $15.6m | Added +19.7k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 563.8k $14.2m | Reduced -202.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 534.9k $13.5m | Reduced -4.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 530.9k $13.4m | Added +381.1k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 519.1k $13.1m | Reduced -154.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 514.5k $13.0m | Reduced -197.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 513.0k $13.0m | Reduced -448.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 509.2k $12.9m | Reduced -230.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 492.3k $12.4m | New |
| Allianz Asset Management GmbH 0.03% of their portfolio | 458.5k $11.6m | New |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.07% of their portfolio | 456.2k $11.5m | New |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.06% of their portfolio | 441.3k $11.2m | Added +3.1k |
| Amundi 0.01% of their portfolio | 423.5k $10.4m | Added +9.2k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 416.0k $10.5m | Reduced -14.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 390.2k $9.9m | Reduced -163.4k |
| BARCLAYS PLC 0.01% of their portfolio | 336.7k $8.5m | First filing |
| ESSEX INVESTMENT MANAGEMENT CO LLC 1.32% of their portfolio | 336.3k $8.5m | Added +32.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 314.5k $7.9m | Reduced -1.6k |
| Swiss National Bank 0.01% of their portfolio | 305.2k $7.7m | Added +6.7k |
| Bridgewater Associates, LP 0.04% of their portfolio | 286.2k $7.2m | Reduced -85.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 280.9k $7.1m | Reduced -222.8k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 274.4k $7.0m | Added +184.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 274.3k $6.9m | Reduced -2.4k |
| TWINBEECH CAPITAL LP 0.13% of their portfolio | 271.3k $6.9m | New |
| Firsthand Capital Management, Inc. 7.67% of their portfolio | 260.0k $6.6m | Unchanged |
| Selkirk Management LLC 8.57% of their portfolio | 250.0k $6.3m | Unchanged |
| Summit Creek Advisors LLC 0.83% of their portfolio | 241.0k $6.1m | Reduced -8.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 215.6k $5.5m | Added +15.6k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 213.8k $5.4m | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.06% of their portfolio | 212.1k $5.4m | Unchanged |
| Archon Capital Management LLC 2.02% of their portfolio | 207.5k $5.2m | Added +15.0k |
| Penserra Capital Management LLC 0.10% of their portfolio | 182.2k $4.6m | Reduced -82.5k |
| Divisadero Street Capital Management, LP 3.40% of their portfolio | 180.0k $4.5m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 179.1k $4.5m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 178.6k $4.5m | Added +8.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 175.9k $4.4m | Added +101.4k |
| PEAK6 Investments LLC 0.24% of their portfolio | 173.9k $4.4m | Reduced -103.5k |
| CASTLEARK MANAGEMENT LLC 0.22% of their portfolio | 168.0k $4.2m | Added +107.3k |
| KBC Group NV 0.02% of their portfolio | 166.0k $4.2m | Unchanged |
| Northwest & Ethical Investments L.P. 0.14% of their portfolio | 161.0k $4.1m | Added +19.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 159.6k $4.0m | Added +2.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 151.4k $3.8m | Added +17.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 150.7k $3.8m | Reduced -171 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 150.4k $3.8m | New |
| Invesco Ltd. 0.00% of their portfolio | 149.3k $3.8m | Added +3.0k |
| Beck Bode, LLC 0.83% of their portfolio | 146.5k $3.7m | New |
| Freemont Management S.A. 0.58% of their portfolio | 143.3k $3.6m | Unchanged |
| Thematics Asset Management 0.22% of their portfolio | 142.0k $3.6m | First filing |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 140.2k $3.5m | Added +126.8k |
| Calamos Advisors LLC 0.02% of their portfolio | 138.4k $3.5m | Reduced -52.7k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 137.1k $3.5m | Added +905 |
| SYCOMORE ASSET MANAGEMENT 0.97% of their portfolio | 134.8k $3.5m | Unchanged |
| MAVERICK CAPITAL LTD 0.08% of their portfolio | 133.3k $3.4m | New |
| SG Americas Securities, LLC 0.05% of their portfolio | 129.3k $3.3m | Added +58.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.08% of their portfolio | 127.9k $3.2m | Reduced -59.3k |
| CITIGROUP INC 0.00% of their portfolio | 126.9k $3.2m | Added +109.4k |
| Hillsdale Investment Management Inc. 0.27% of their portfolio | 126.6k $3.2m | New |
| Shellback Capital, LP 0.57% of their portfolio | 125.0k $3.2m | New |
| AGF MANAGEMENT LTD 0.02% of their portfolio | 120.3k $3.0m | First filing |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 119.6k $3.0m | Reduced -2.0k |
| NATIXIS 0.02% of their portfolio | 116.3k $2.9m | Reduced -304.5k |
| GROUP ONE TRADING LLC 0.10% of their portfolio | 114.8k $2.9m | Added +85.9k |
| Legal & General Group Plc 0.00% of their portfolio | 113.0k $2.9m | Reduced -4.2k |
| Graham Capital Management, L.P. 0.10% of their portfolio | 106.5k $2.7m | New |