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 ($594.3k this quarter). Holder counts are more reliable. Shares outstanding: 108.3m as of 2025-08-04, 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 ≈ $1.21. Options: 13 managers hold calls ($3.8m notional), 6 hold puts ($355.7k).
Trends to Q2 2025
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 |
| Q2 2024 | 210 |
| Q3 2024 | 191 |
| Q4 2024 | 183 |
| Q1 2025 | 158 |
| Q2 2025 | 144 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 126 | 108 |
| Q4 2023 | 102 | 131 |
| Q1 2024 | 104 | 117 |
| Q2 2024 | 116 | 116 |
| Q3 2024 | 89 | 109 |
| Q4 2024 | 89 | 90 |
| Q1 2025 | 68 | 101 |
| Q2 2025 | 69 | 94 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.3m | $2.6m | 0.79 |
| Q4 2024 | $3.4m | $1.5m | 0.43 |
| Q1 2025 | $981.9k | $176.9k | 0.18 |
| Q2 2025 | $3.8m | $355.7k | 0.09 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +2.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +1.3m |
| MACKENZIE FINANCIAL CORP | Added | +1.1m |
| JANE STREET GROUP, LLC | Added | +1.1m |
| SEGALL BRYANT & HAMILL, LLC | New | +613.7k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +438.9k |
| Meteora Capital, LLC | Added | +376.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +225.6k |
| CITADEL ADVISORS LLC | Added | +222.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +221.3k |
Biggest sellers
| BlackRock, Inc. | Reduced | -5.2m |
| D. E. Shaw & Co., Inc. | Reduced | -2.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.9m |
| STATE STREET CORP | Reduced | -1.7m |
| MORGAN STANLEY | Reduced | -1.5m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.4m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -1.2m |
| Quinn Opportunity Partners LLC | Reduced | -1.1m |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | Sold out | -1.1m |
| VANGUARD GROUP INC | Reduced | -1.0m |
Biggest calls
| GROUP ONE TRADING LLC | Added | $1.2m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $927.3k766.4k shares |
| SIMPLEX TRADING, LLC | Added | $423.0k350.2k shares |
| IMC-Chicago, LLC | New | $362.0k299.2k shares |
| CITADEL ADVISORS LLC | Added | $303.0k250.4k shares |
| JANE STREET GROUP, LLC | Added | $220.8k182.5k shares |
| Caption Management, LLC | New | $121.0k100.0k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Unchanged | $72.6k60.0k shares |
| BARCLAYS PLC | Unchanged | $48.4k40.0k shares |
| Squarepoint Ops LLC | Unchanged | $23.4k19.3k shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $99.5k82.2k shares |
| CITADEL ADVISORS LLC | Reduced | $98.5k81.4k shares |
| Militia Capital Partners, LP | New | $60.5k50.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $59.3k49.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $38.0k31.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $24.2k | $24.2k |
| Q4 2023 | 0 | — | 2 | $190.0k | $20.4k |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $39.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-06 | BUDIG RENEE VARNI Director | Sold | $39.4k28.0k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 7.2m $8.7m | Reduced -1.0m |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 4.1m $4.9m | Reduced -115.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 3.8m $4.5m | Added +2.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 2.9m $3.6m | Added +1.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 2.4m $2.9m | Added +438.9k |
| Quinn Opportunity Partners LLC 0.25% of their portfolio | 2.4m $2.9m | Reduced -1.1m |
| BlackRock, Inc. 0.00% of their portfolio | 2.2m $2.7m | Reduced -5.2m |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 2.0m $2.4m | Added +225.6k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 1.9m $2.4m | Reduced -155.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.8m $2.2m | Reduced -1.2m |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 1.8m $2.2m | Reduced -21.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.7m $2.0m | Reduced -201.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 1.6m $2.0m | Reduced -185.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 1.1m $1.4m | Added +1.1m |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 1.1m $1.4m | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $1.3m | Reduced -1.4m |
| MARSHALL WACE, LLP 0.00% of their portfolio | 822.5k $995.2k | Unchanged |
| FMR LLC 0.00% of their portfolio | 785.1k $949.9k | Reduced -123.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 724.1k $876.1k | Added +221.3k |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 613.7k $742.6k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 597.6k $723.1k | Reduced -33.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 541.8k $655.6k | Reduced -70.2k |
| STATE STREET CORP 0.00% of their portfolio | 519.8k $628.9k | Reduced -1.7m |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 461.5k $558.5k | Reduced -59.8k |
| Empowered Funds, LLC 0.01% of their portfolio | 461.5k $558.5k | Added +37.0k |
| Meteora Capital, LLC 0.10% of their portfolio | 449.0k $543.3k | Added +376.5k |
| Invesco Ltd. 0.00% of their portfolio | 403.9k $488.7k | Reduced -29.2k |
| UBS Group AG 0.00% of their portfolio | 340.2k $411.6k | Reduced -88.7k |
| MORGAN STANLEY 0.00% of their portfolio | 285.0k $344.8k | Reduced -1.5m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 284.3k $344.0k | Reduced -101.0k |
| Baader Bank Aktiengesellschaft 0.03% of their portfolio | 273.7k $327.4k | Reduced -326.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 271.0k $327.9k | Reduced -334.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 264.3k $319.9k | Added +222.4k |
| Firsthand Capital Management, Inc. 0.57% of their portfolio | 260.0k $314.6k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 253.5k $306.8k | Reduced -571.9k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 224.5k $271.6k | Added +188.2k |
| Engineers Gate Manager LP 0.00% of their portfolio | 213.9k $258.9k | Reduced -34.0k |
| XTX Topco Ltd 0.01% of their portfolio | 209.6k $253.7k | Added +195.3k |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 193.6k $234.3k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 187.6k $227.0k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 177.9k $215.2k | Added +4 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 174.1k $210.6k | Reduced -254.8k |
| HRT FINANCIAL LP 0.00% of their portfolio | 161.4k $195.0k | Added +104.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 143.1k $173.2k | Reduced -1.9m |
| Aster Capital Management (DIFC) Ltd 0.04% of their portfolio | 140.1k $169.6k | New |
| Jain Global LLC 0.00% of their portfolio | 139.7k $169.0k | New |
| State of Wyoming 0.02% of their portfolio | 112.9k $136.6k | Added +37.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 105.5k $127.7k | Reduced -518.8k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 103.0k $124.6k | Added +12.7k |
| BARCLAYS PLC 0.00% of their portfolio | 97.7k $118.3k | Reduced -98.0k |
| Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio | 87.8k $106.2k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 79.5k $96.2k | Added +62.4k |
| Jefferies Financial Group Inc. 0.00% of their portfolio | 77.3k $93.5k | Unchanged |
| Y-Intercept (Hong Kong) Ltd 0.00% of their portfolio | 66.4k $80.4k | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 65.7k $79.5k | Reduced -1.2k |
| Wealthfront Advisers LLC 0.00% of their portfolio | 63.9k $77.3k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 62.6k $75.7k | Added +17.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 61.7k $76.8k | Reduced -11.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 59.5k $72.0k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 50.1k $61.0k | Reduced -41.2k |
| Spectrum Wealth Advisory Group, LLC 0.03% of their portfolio | 48.4k $58.5k | Added +13.0k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 47.3k $57.3k | Added +16.4k |
| Catalyst Funds Management Pty Ltd 0.02% of their portfolio | 47.3k $57.2k | New |
| CWM, LLC 0.00% of their portfolio | 41.0k $50.0k | Added +14.8k |
| Van Hulzen Asset Management, LLC 0.00% of their portfolio | 41.0k $49.6k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 40.6k $49.1k | Reduced -2.1m |
| DRW Securities, LLC 0.00% of their portfolio | 31.4k $37.9k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 30.9k $44.4k | Added +15.5k |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 30.1k $36.4k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 29.6k $35.8k | Reduced -834 |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 27.6k $33.4k | Reduced -175.5k |
| Jump Financial, LLC 0.00% of their portfolio | 25.6k $31.0k | New |
| Ground Swell Capital, LLC 0.04% of their portfolio | 22.6k $27.3k | New |
| Mariner, LLC 0.00% of their portfolio | 21.6k $26.2k | Added +6.1k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 20.9k $25.3k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 20.8k $25.2k | New |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio | 20.0k $24.2k | New |
| CW Advisors, LLC 0.00% of their portfolio | 20.0k $24.2k | Reduced -30.0k |
| Quantbot Technologies LP 0.00% of their portfolio | 19.8k $24.0k | Reduced -24.2k |
| Cetera Investment Advisers 0.00% of their portfolio | 19.3k $23.4k | Added +8.7k |
| Leonteq Securities AG 0.00% of their portfolio | 18.8k $22.8k | Reduced -1.3k |
| SG Americas Securities, LLC 0.00% of their portfolio | 18.6k $23.0k | Reduced -66.6k |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 18.2k $22.0k | New |
| MAI Capital Management 0.00% of their portfolio | 16.7k $20.2k | Added +4.5k |
| NJ State Employees Deferred Compensation Plan 0.00% of their portfolio | 16.0k $19.4k | Unchanged |
| GHE, LLC 0.01% of their portfolio | 15.3k $18.5k | Unchanged |
| Abel Hall, LLC 0.01% of their portfolio | 14.8k $17.9k | Added +1.9k |
| Burford Brothers, Inc. 0.01% of their portfolio | 13.9k $16.8k | Reduced -48 |
| Evercore Wealth Management, LLC 0.00% of their portfolio | 13.7k $16.6k | Unchanged |
| Bordeaux Wealth Advisors LLC 0.00% of their portfolio | 13.2k $16.0k | Added +190 |
| Focus Partners Wealth 0.00% of their portfolio | 12.8k $15.5k | New |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 12.8k $15.5k | Added +363 |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 12.7k $15.3k | Reduced -54.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 12.3k $14.9k | New |
| Pallas Capital Advisors LLC 0.00% of their portfolio | 12.0k $14.6k | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 11.8k $14.3k | Added +46 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 11.3k $13.7k | Added +3.6k |
| Verition Fund Management LLC 0.00% of their portfolio | 10.7k $13.0k | Added +396 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 10.7k $13.0k | New |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 10.6k $13.0k | New |