Vault-13

CHEGG INC CHGG 0.125 03.15.25

NOTE 0.125% 3/1 · US DOMESTIC · CUSIP 163092AD1

43 institutional holders -17 vs Q1 2023
30,357,21930.4m shares reported held*
$309.0mreported value*
10 new 3 added 16 reduced 27 sold out net sold ≈ $323.1m (-41.9m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.18.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 57Q1 23: 60Q2 23: 4343Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202257
Q1 202360
Q2 202343

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 27 bought or addedQ4 22: 22 cut or sold outQ4 22Q1 23: 31 bought or addedQ1 23: 27 cut or sold outQ1 23Q2 23: 13 bought or addedQ2 23: 43 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222722
Q1 20233127
Q2 20231343

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $0Q3 22 puts: $1.3mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$1.3m—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$0—

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC New +11,500,000+11.5m
MARSHALL WACE, LLP New +4,500,000+4.5m
OAKTREE CAPITAL MANAGEMENT LP New +1,628,000+1.6m
Venator Capital Management Ltd. New +1,500,000+1.5m
JPMORGAN CHASE & CO Added +1,300,000+1.3m
Amundi New +613,000+613.0k
Lombard Odier Asset Management (Europe) Ltd New +613,000+613.0k
CITIGROUP INC New +551,000+551.0k
Jefferies Financial Group Inc. New +108,000+108.0k
Cutler Capital Management, LLC Added +30,000+30.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -53,500,000-53.5m
ADVENT CAPITAL MANAGEMENT /DE/ Sold out -45,499,000-45.5m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -39,425,000-39.4m
LAZARD ASSET MANAGEMENT LLC Reduced -37,866,000-37.9m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -25,348,000-25.3m
LORD, ABBETT & CO. LLC Reduced -24,958,000-25.0m
LORD, ABBETT & CO. LLC Reduced -24,958,000-25.0m
Wellesley Asset Management Sold out -21,042,230-21.0m
Linden Advisors LP Reduced -19,767,000-19.8m
D. E. Shaw & Co., Inc. Reduced -18,955,000-19.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 88,830,00088.8m $78.7m $78.7m 0.08% Reduced -53.5m -53,500,000
2 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 59,932,00059.9m $53.1m $53.1m 0.08% Reduced -19.0m -18,955,000
3 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 55,900,00055.9m $48.9m $48.9m 0.02% Unchanged
4 Linden Advisors LP 0.15% of their portfolio New York, NY 16,110,00016.1m $14.3m $14.3m 0.15% Reduced -19.8m -19,767,000
5 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 13,457,00013.5m $11.9m $11.9m 0.06% Unchanged
6 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.59% of their portfolio NEW YORK, NY 11,500,00011.5m $10.1m $10.1m 0.59% New
7 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,550,00010.6m $9.3m $9.3m 0.01% Unchanged
8 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 9,934,0009.9m $8.8m $8.8m 0.01% Reduced -37.9m -37,866,000
9 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 9,929,0009.9m $8.7m $8.7m 0.02% Reduced -25.0m -24,958,000
10 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 9,929,0009.9m $8.7m $8.7m 0.02% Reduced -25.0m -24,958,000
11 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 7,850,0007.8m $6.9m $6.9m 0.02% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,213,0007.2m $6.4m $6.4m 0.00% Reduced -8.0m -8,000,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,149,0007.1m $6.3m $6.3m 0.00% Added +1.3m +1,300,000
14 PRIVATE MANAGEMENT GROUP INC 0.23% of their portfolio IRVINE, CA 6,229,0006.2m $5.5m $5.5m 0.23% Reduced -26.0k -26,000
15 Fort Baker Capital Management LP 0.76% of their portfolio Larkspur, CA 6,111,0006.1m $5.4m $5.4m 0.76% Reduced -7.2m -7,189,000
16 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 4,500,0004.5m $4.0m $4.0m 0.01% New
17 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,938,0003.9m $3.5m $3.5m 0.09% Unchanged
18 SSI INVESTMENT MANAGEMENT LLC 0.20% of their portfolio Los Angeles, CA 3,250,0003.2m $2.9m $2.9m 0.20% Unchanged
19 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.36% of their portfolio Miamisburg, OH 3,000,0003.0m $2.6m $2.6m 0.36% Unchanged
20 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,850,0002.9m $2.5m $2.5m 0.00% Unchanged
21 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 2,065,0002.1m $1.8m $1.8m 0.00% Unchanged
22 BlackRock Inc. 0.00% of their portfolio New York, NY 1,981,0002.0m $1.7m $1.7m 0.00% Reduced -2.1m -2,100,000
23 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 1,628,0001.6m $1.4m $1.4m 0.02% New
24 Venator Capital Management Ltd. 1.61% of their portfolio TORONTO, A6 1,500,0001.5m $1.3m $1.3m 1.61% New
25 Amundi 0.00% of their portfolio Paris, I0 613,000613.0k $537.9k $537.9k 0.00% New
26 Lombard Odier Asset Management (Europe) Ltd 0.03% of their portfolio LONDON, X0 613,000613.0k $542.5k $542.5k 0.03% New
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 551,000551.0k $485.4k $485.4k 0.00% New
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 499,000499.0k $441.7k $441.7k 0.00% Reduced -16.0k -16,000
29 Cutler Capital Management, LLC 0.12% of their portfolio WORCESTER, MA 290,000290.0k $255.5k $255.5k 0.12% Added +30.0k +30,000
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $177.2k $177.2k 0.00% Reduced -500.0k -500,000
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 142,000142.0k $125.8k $125.8k 0.00% Unchanged
32 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 108,000108.0k $95.0k $95.0k 0.00% New
33 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 36,00036.0k $31.9k $31.9k 0.00% Reduced -7.3m -7,314,000
34 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 30,00030.0k $26.4k $26.4k 0.00% Unchanged
35 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 19,00019.0k $16.7k $16.7k 0.00% Reduced -18.0k -18,000
36 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 10,00010.0k $8.8k $8.8k 0.01% Unchanged
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,0009.0k $7.9k $7.9k 0.00% Added +3.0k +3,000
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,0004.0k $3.5k $3.5k 0.00% Reduced -406.0k -406,000
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $2.0k $2.0k 0.00% Unchanged
40 Context Capital Management, LLC 0.12% of their portfolio LAJOLLA, CA 1,5001.5k $1.3m $1.3m 0.12% Reduced -10.0k -10,000
41 Alken Asset Management Ltd 0.01% of their portfolio LONDON, X0 600600 $526 $526 0.01% New
42 Activest Wealth Management 0.01% of their portfolio AVENTURA, FL 219219 $19.9k $19.9k 0.01% New
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged