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 ($1.5m this quarter). Holder counts are more reliable. Shares outstanding: 119.7m as of 2023-04-24, 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 ≈ $16.42. Options: 14 managers hold calls ($16.3m notional), 17 hold puts ($33.3m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 279 |
| Q4 2022 | 304 |
| Q1 2023 | 268 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 158 | 138 |
| Q1 2023 | 139 | 173 |
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 |
| Q1 2023 | $16.3m | $33.3m | 2.05 |
Biggest buyers
| Sylebra Capital Ltd | Added | +2.8m |
| SANDS CAPITAL MANAGEMENT, LLC | Added | +2.3m |
| Capital Research Global Investors | Added | +1.8m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.3m |
| Clearline Capital LP | New | +1.3m |
| D. E. Shaw & Co., Inc. | Added | +938.3k |
| BlackRock Inc. | Added | +868.2k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +851.9k |
| Man Group plc | New | +839.1k |
| Greenhouse Funds LLLP | New | +745.2k |
Biggest sellers
| BAILLIE GIFFORD & CO | Reduced | -4.5m |
| Valiant Capital Management, L.P. | Sold out | -1.4m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -939.5k |
| Schonfeld Strategic Advisors LLC | Sold out | -861.5k |
| EAGLE ASSET MANAGEMENT INC | Reduced | -848.4k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -819.6k |
| NORGES BANK | Reduced | -737.2k |
| Candriam S.C.A. | Sold out | -731.3k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -663.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.8m296.7k shares |
| CITADEL ADVISORS LLC | Reduced | $3.7m225.3k shares |
| PEAK6 Investments LLC | Reduced | $1.5m94.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.2m73.1k shares |
| IMC-Chicago, LLC | Reduced | $1.1m66.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $825.0k50.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $775.0k47.6k shares |
| Walleye Trading LLC | Reduced | $691.1k42.4k shares |
| GROUP ONE TRADING LLC | Reduced | $608.0k37.3k shares |
| TWO SIGMA SECURITIES, LLC | Added | $456.4k28.0k shares |
Biggest puts
| J. Goldman & Co LP | New | $7.3m450.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.7m413.0k shares |
| PEAK6 Investments LLC | Reduced | $6.6m402.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.8m170.8k shares |
| CITADEL ADVISORS LLC | Added | $2.6m156.7k shares |
| SIMPLEX TRADING, LLC | Added | $1.9m118.2k shares |
| Walleye Trading LLC | Reduced | $1.4m84.5k shares |
| WOLVERINE TRADING, LLC | Added | $1.1m68.2k shares |
| IMC-Chicago, LLC | Reduced | $1.0m63.2k shares |
| GROUP ONE TRADING LLC | Reduced | $673.2k41.3k 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 Q1 2023
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2023 | 0 | — | 2 | $991.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-15 | Schultz Nathan J. Chief Operating Officer | Sold | $112.8k7.0k shares |
| 2023-03-06 | Lem Esther CHIEF MARKETING OFFICER | Sold | $96.1k5.7k shares |
| 2023-03-02 | Schultz Nathan J. Chief Operating Officer | Sold | $63.2k4.0k shares |
| 2023-02-01 | Schultz Nathan J. Chief Operating Officer | Sold | $85.6k4.1k shares |
| 2023-01-03 | Schultz Nathan J. Chief Operating Officer | Sold | $633.8k25.0k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 0.20% of their portfolio | 13.5m $219.4m | Reduced -4.5m |
| VANGUARD GROUP INC 0.01% of their portfolio | 12.4m $202.5m | Added +74.2k |
| BlackRock Inc. 0.00% of their portfolio | 9.8m $160.4m | Added +868.2k |
| SANDS CAPITAL MANAGEMENT, LLC 0.42% of their portfolio | 7.7m $126.1m | Added +2.3m |
| Capital Research Global Investors 0.03% of their portfolio | 6.6m $107.7m | Added +1.8m |
| Sylebra Capital Ltd 2.66% of their portfolio | 3.7m $59.7m | Added +2.8m |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 3.5m $56.4m | Added +938.3k |
| FRED ALGER MANAGEMENT, LLC 0.28% of their portfolio | 3.2m $52.2m | Reduced -78.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.9m $47.9m | Added +1.3m |
| Clearbridge Investments, LLC 0.05% of their portfolio | 2.9m $47.1m | Added +227.1k |
| STATE STREET CORP 0.00% of their portfolio | 2.6m $43.1m | Reduced -7.7k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 2.5m $40.3m | Reduced -89.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.3m $38.2m | Added +120.4k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $26.2m | Reduced -598.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.16% of their portfolio | 1.6m $26.0m | Added +29.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $24.7m | Added +274.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $22.4m | Reduced -939.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 1.3m $21.9m | Added +851.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.3m $21.2m | Reduced -344.0k |
| Clearline Capital LP 3.11% of their portfolio | 1.3m $20.7m | New |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 1.2m $20.1m | Reduced -310.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 1.2m $19.4m | Added +674.5k |
| NORGES BANK 0.00% of their portfolio | 1.1m $17.2m | Reduced -737.2k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.0m $16.9m | Added +271.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 933.6k $15.2m | Added +4.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 912.7k $14.9m | Reduced -16.1k |
| Man Group plc 0.05% of their portfolio | 839.1k $13.7m | New |
| Greenhouse Funds LLLP 1.06% of their portfolio | 745.2k $12.1m | New |
| ASHFORD CAPITAL MANAGEMENT INC 1.81% of their portfolio | 741.8k $12.1m | Reduced -108.4k |
| Granite Investment Partners, LLC 0.49% of their portfolio | 725.9k $11.8m | New |
| Allianz Asset Management GmbH 0.02% of their portfolio | 687.7k $11.2m | Added +229.1k |
| EAGLE ASSET MANAGEMENT INC 0.07% of their portfolio | 682.2k $11.1m | Reduced -848.4k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 650.6k $10.6m | Added +642.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 602.1k $9.8m | Added +92.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 598.5k $9.8m | Reduced -20.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 578.7k $9.4m | Added +543.7k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 561.6k $9.2m | Reduced -2.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 542.1k $8.8m | Added +7.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 534.8k $8.7m | Added +3.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 525.5k $8.6m | Reduced -458.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 502.4k $8.2m | Added +112.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 474.4k $7.7m | Reduced -621.7k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.04% of their portfolio | 445.7k $7.3m | Added +4.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 395.8k $6.5m | Added +81.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 322.3k $5.3m | Reduced -196.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 311.1k $5.0m | Added +220.5k |
| Bridgewater Associates, LP 0.03% of their portfolio | 281.0k $4.6m | Reduced -5.2k |
| Swiss National Bank 0.00% of their portfolio | 270.8k $4.4m | Reduced -34.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 265.7k $4.3m | Added +219.5k |
| Firsthand Capital Management, Inc. 4.60% of their portfolio | 260.0k $4.2m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 255.5k $4.2m | Added +106.2k |
| AXA S.A. 0.01% of their portfolio | 249.1k $4.1m | Reduced -396.3k |
| S SQUARED TECHNOLOGY, LLC 2.32% of their portfolio | 240.0k $3.9m | New |
| Jump Financial, LLC 0.15% of their portfolio | 229.2k $3.7m | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.04% of their portfolio | 224.1k $3.7m | Added +12.0k |
| MAVERICK CAPITAL LTD 0.09% of their portfolio | 221.8k $3.6m | Added +88.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 220.3k $3.6m | Reduced -60.6k |
| California Public Employees Retirement System 0.00% of their portfolio | 218.2k $3.6m | Reduced -56.2k |
| BARCLAYS PLC 0.00% of their portfolio | 197.0k $3.2m | Reduced -139.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 195.3k $3.2m | Added +194.4k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 190.0k $3.1m | Added +52.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 184.7k $3.2m | Reduced -30.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 172.9k $2.8m | Reduced -5.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 172.1k $2.5m | Added +20.6k |
| Holocene Advisors, LP 0.01% of their portfolio | 171.0k $2.8m | New |
| Penserra Capital Management LLC 0.06% of their portfolio | 170.9k $2.8m | Reduced -11.3k |
| KBC Group NV 0.01% of their portfolio | 166.0k $2.7m | Unchanged |
| PDT Partners, LLC 0.37% of their portfolio | 165.7k $2.7m | New |
| Northwest & Ethical Investments L.P. 0.09% of their portfolio | 161.0k $2.6m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 156.5k $2.6m | Reduced -3.1k |
| HRT FINANCIAL LP 0.03% of their portfolio | 154.1k $2.5m | New |
| ALGERT GLOBAL LLC 0.12% of their portfolio | 153.3k $2.5m | Added +70.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 150.6k $2.5m | Reduced -116 |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 147.6k $2.4m | Added +65.0k |
| Thematics Asset Management 0.13% of their portfolio | 146.7k $2.4m | Added +4.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 145.1k $2.4m | Reduced -369.4k |
| Freemont Management S.A. 0.34% of their portfolio | 143.3k $2.3m | Unchanged |
| P.A.W. CAPITAL CORP 4.68% of their portfolio | 130.0k $2.1m | New |
| Hillsdale Investment Management Inc. 0.18% of their portfolio | 126.6k $2.1m | Unchanged |
| Prentice Capital Management, LP 4.37% of their portfolio | 125.0k $2.0m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 121.7k $2.0m | Reduced -57.4k |
| Homestead Advisers Corp 0.05% of their portfolio | 119.7k $2.0m | New |
| Legal & General Group Plc 0.00% of their portfolio | 117.1k $1.9m | Added +4.1k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.04% of their portfolio | 112.1k $1.8m | Reduced -15.9k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 106.2k $1.7m | Added +71.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 106.2k $1.7m | Added +92.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 106.0k $1.7m | Added +57.4k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 104.7k $1.7m | Added +9.4k |
| PEAK6 Investments LLC 0.11% of their portfolio | 102.8k $1.7m | Reduced -71.2k |
| STRS OHIO 0.00% of their portfolio | 96.0k $1.6m | Added +51.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 93.3k $1.5m | Added +40.3k |
| Amundi 0.00% of their portfolio | 92.1k $1.5m | Reduced -331.4k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 87.2k $1.4m | Reduced -88.6k |
| AIA Group Ltd 0.08% of their portfolio | 87.1k $1.4m | Added +47.6k |
| RIVER GLOBAL INVESTORS LLP 0.28% of their portfolio | 83.4k $1.4m | Added +25.8k |
| Kula Investments, LLC 0.33% of their portfolio | 82.2k $1.3m | Added +57.5k |
| Quantbot Technologies LP 0.09% of their portfolio | 80.7k $1.3m | New |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 78.9k $1.3m | New |
| Legal Advantage Investments, Inc. 0.90% of their portfolio | 75.4k $1.2m | Added +8.4k |
| SYCOMORE ASSET MANAGEMENT 0.34% of their portfolio | 74.9k $1.2m | Reduced -59.9k |