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 ($8.3m this quarter). Holder counts are more reliable. Shares outstanding: 102.2m as of 2024-04-22, 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 ≈ $7.58. Options: 18 managers hold calls ($12.2m notional), 17 hold puts ($17.5m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 279 |
| Q4 2022 | 304 |
| Q1 2023 | 268 |
| Q2 2023 | 232 |
| Q3 2023 | 243 |
| Q4 2023 | 224 |
| Q1 2024 | 231 |
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 |
| Q2 2023 | 108 | 155 |
| Q3 2023 | 126 | 108 |
| Q4 2023 | 102 | 131 |
| Q1 2024 | 104 | 117 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $19.1m | $30.6m | 1.60 |
| Q3 2023 | $28.0m | $29.1m | 1.04 |
| Q4 2023 | $30.2m | $29.9m | 0.99 |
| Q1 2024 | $12.2m | $17.5m | 1.43 |
Biggest buyers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.6m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.5m |
| DEUTSCHE BANK AG\ | Added | +876.1k |
| D. E. Shaw & Co., Inc. | Added | +775.7k |
| Walleye Capital LLC | Added | +464.9k |
| Man Group plc | Added | +445.2k |
| Empowered Funds, LLC | Added | +353.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | New | +343.3k |
| Schonfeld Strategic Advisors LLC | New | +312.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +293.4k |
Biggest sellers
| BAILLIE GIFFORD & CO | Reduced | -2.1m |
| SYLEBRA CAPITAL LLC | Reduced | -1.8m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| Clearline Capital LP | Reduced | -1.4m |
| VANGUARD GROUP INC | Reduced | -517.6k |
| Allianz Asset Management GmbH | Reduced | -462.9k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -383.6k |
| CREDIT SUISSE AG/ | Reduced | -354.3k |
| GOLDMAN SACHS GROUP INC | Reduced | -333.2k |
| MORGAN STANLEY | Reduced | -258.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $3.7m487.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.7m352.3k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m164.5k shares |
| IMC-Chicago, LLC | Reduced | $771.4k101.9k shares |
| GROUP ONE TRADING LLC | Reduced | $679.8k89.8k shares |
| JANE STREET GROUP, LLC | Reduced | $554.9k73.3k shares |
| TWO SIGMA SECURITIES, LLC | Added | $492.8k65.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $467.1k61.7k shares |
| Walleye Capital LLC | Reduced | $361.8k47.8k shares |
| BARCLAYS PLC | New | $302.8k40.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $4.0m531.5k shares |
| GROUP ONE TRADING LLC | Reduced | $2.2m284.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.1m278.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.8m233.0k shares |
| PEAK6 Investments LLC | Added | $1.8m232.8k shares |
| IMC-Chicago, LLC | Added | $1.7m226.4k shares |
| Jefferies Financial Group Inc. | New | $757.0k100.0k shares |
| GTS SECURITIES LLC | Reduced | $684.3k90.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $679.0k89.7k shares |
| Caption Management, LLC | New | $567.8k75.0k 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 2024
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 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $360.9k | — |
| Q1 2023 | 0 | — | 2 | $991.5k | — |
| Q2 2023 | 0 | — | 1 | $26.6k | $26.6k |
| Q3 2023 | 0 | — | 1 | $24.2k | $24.2k |
| Q4 2023 | 0 | — | 2 | $190.0k | $20.4k |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 11.1m $84.1m | Reduced -517.6k |
| BlackRock Inc. 0.00% of their portfolio | 10.5m $79.6m | Reduced -208.6k |
| SYLEBRA CAPITAL LLC 1.90% of their portfolio | 7.6m $57.3m | Reduced -1.8m |
| MORGAN STANLEY 0.00% of their portfolio | 6.0m $45.2m | Reduced -258.9k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 5.6m $42.5m | Added +775.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.2m $31.4m | Added +1.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 3.6m $26.9m | Added +1.6m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.09% of their portfolio | 2.7m $20.8m | Added +105.5k |
| STATE STREET CORP 0.00% of their portfolio | 2.6m $19.8m | Added +257 |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 2.6m $19.5m | Reduced -2.1m |
| Man Group plc 0.05% of their portfolio | 2.4m $18.0m | Added +445.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.4m $17.9m | Reduced -57.6k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 2.2m $17.0m | Reduced -216.9k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 2.1m $15.6m | Reduced -245.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 1.5m $11.7m | Reduced -174.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.5m $11.2m | Reduced -158.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.4m $10.5m | Reduced -333.2k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 1.3m $9.8m | Added +36.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $8.7m | Reduced -64.6k |
| Boston Partners 0.01% of their portfolio | 1.1m $8.0m | Reduced -14.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 998.7k $7.6m | Added +876.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 946.6k $7.2m | Added +48.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 871.4k $6.6m | Added +84.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 859.6k $6.5m | Reduced -1.5m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 795.5k $6.0m | Added +191.6k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 747.9k $5.7m | Added +293.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 738.0k $5.6m | Added +24.8k |
| Empowered Funds, LLC 0.04% of their portfolio | 656.3k $5.0m | Added +353.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 630.1k $4.8m | Added +160.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 606.1k $4.6m | Added +157.4k |
| Walleye Capital LLC 0.05% of their portfolio | 594.5k $4.5m | Added +464.9k |
| NORGES BANK 0.00% of their portfolio | 522.0k $4.0m | Reduced -197.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 475.2k $3.6m | Added +18.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 472.0k $3.6m | Reduced -103.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 467.0k $3.5m | Reduced -37.4k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 464.6k $3.5m | Added +212.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 435.0k $3.3m | Reduced -40.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 419.2k $3.2m | Reduced -153.7k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 418.9k $3.2m | Reduced -462.9k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 412.1k $3.1m | Added +119.0k |
| Invesco Ltd. 0.00% of their portfolio | 409.7k $3.1m | Added +148.0k |
| Trexquant Investment LP 0.06% of their portfolio | 399.7k $3.0m | Added +105.1k |
| Penserra Capital Management LLC 0.04% of their portfolio | 395.5k $3.0m | Reduced -40.9k |
| CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio | 368.2k $2.8m | Added +108.6k |
| BARCLAYS PLC 0.00% of their portfolio | 367.4k $2.8m | Added +101.5k |
| Quinn Opportunity Partners LLC 0.30% of their portfolio | 355.5k $2.7m | Reduced -25.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.12% of their portfolio | 343.3k $2.6m | New |
| TWINBEECH CAPITAL LP 0.05% of their portfolio | 341.8k $2.6m | Added +168.7k |
| UBS Group AG 0.00% of their portfolio | 322.5k $2.4m | Reduced -41.3k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 312.4k $2.4m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 300.7k $2.3m | Added +28.2k |
| Graham Capital Management, L.P. 0.06% of their portfolio | 282.0k $2.1m | New |
| Engineers Gate Manager LP 0.06% of their portfolio | 278.1k $2.1m | Added +23.4k |
| Harber Asset Management LLC 0.49% of their portfolio | 267.5k $2.0m | Added +9.8k |
| Firsthand Capital Management, Inc. 3.21% of their portfolio | 260.0k $2.0m | Unchanged |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 257.6k $1.9m | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 251.0k $1.9m | Reduced -354.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 235.9k $1.8m | Added +19.4k |
| CAXTON ASSOCIATES LP 0.12% of their portfolio | 224.3k $1.7m | Added +175.1k |
| Swiss National Bank 0.00% of their portfolio | 215.9k $1.6m | Unchanged |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 204.2k $1.6m | Reduced -2.3k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 198.1k $1.5m | Reduced -212.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 177.8k $1.3m | Reduced -69.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 171.2k $1.3m | Added +3.1k |
| Bridgewater Associates, LP 0.01% of their portfolio | 166.9k $1.3m | Reduced -41.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 166.4k $1.3m | Reduced -160.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 161.2k $1.1m | Added +38.0k |
| Quantbot Technologies LP 0.07% of their portfolio | 153.0k $1.2m | Added +75.8k |
| Jump Financial, LLC 0.03% of their portfolio | 143.6k $1.1m | Added +95.4k |
| SEVEN EIGHT CAPITAL, LP 0.11% of their portfolio | 138.5k $1.0m | Added +105.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 129.1k $977.2k | Reduced -20.1k |
| SHERBROOKE PARK ADVISERS LLC 0.18% of their portfolio | 125.5k $950.2k | New |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.01% of their portfolio | 120.0k $908.2k | Added +58.9k |
| IMC-Chicago, LLC 0.03% of their portfolio | 117.9k $892.2k | New |
| FMR LLC 0.00% of their portfolio | 115.5k $874.4k | Added +93.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 114.7k $868.5k | Reduced -160.7k |
| HRT FINANCIAL LP 0.01% of their portfolio | 114.0k $862.0k | New |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 113.4k $858.1k | Reduced -28.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 110.4k $835.7k | Reduced -5.9k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 109.8k $831.0k | Added +22.7k |
| RIVER GLOBAL INVESTORS LLP 0.21% of their portfolio | 109.3k $826.9k | Added +14.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 107.3k $812.5k | Added +18.6k |
| Legal & General Group Plc 0.00% of their portfolio | 106.9k $809.4k | Reduced -816 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 106.6k $807.1k | Added +5.0k |
| Banco Santander, S.A. 0.01% of their portfolio | 101.8k $770.4k | Added +3.8k |
| GSA CAPITAL PARTNERS LLP 0.06% of their portfolio | 96.2k $729.0k | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 88.5k $670.0k | Unchanged |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 88.1k $666.9k | Reduced -2.8k |
| Dynamic Technology Lab Private Ltd 0.07% of their portfolio | 83.1k $629.0k | New |
| Point72 (DIFC) Ltd 0.05% of their portfolio | 82.0k $620.4k | First filing |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 78.7k $596.0k | Added +37.1k |
| Parkwood LLC 0.06% of their portfolio | 78.5k $595.0k | New |
| NATIXIS 0.00% of their portfolio | 77.2k $584.8k | New |
| Bayesian Capital Management, LP 0.05% of their portfolio | 75.3k $570.1k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 73.2k $554.0k | Reduced -8.8k |
| Legal Advantage Investments, Inc. 0.31% of their portfolio | 73.0k $552.6k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 72.0k $545.0k | Added +4.2k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 69.9k $1.1m | Added +348 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 69.5k $526.4k | Reduced -67 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 65.3k $494.4k | Reduced -2.4k |