Vault-13

CHEGG INC CHGG 0.125 03.15.25

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

43 institutional holders +2 vs Q1 2024
28,906,00028.9m shares reported held*
$292.8mreported value*
8 new 11 added 12 reduced 6 sold out net sold ≈ $63.6m (-739.5k 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 ≈ $10.13.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 57Q1 23: 60Q2 23: 43Q3 23: 38Q4 23: 41Q1 24: 41Q2 24: 4343Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202252
Q4 202257
Q1 202360
Q2 202343
Q3 202338
Q4 202341
Q1 202441
Q2 202443

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 outQ2 23: 13 bought or addedQ2 23: 43 cut or sold outQ2 23Q3 23: 13 bought or addedQ3 23: 16 cut or sold outQ4 23: 16 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 16 bought or addedQ1 24: 11 cut or sold outQ2 24: 19 bought or addedQ2 24: 18 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222722
Q1 20233127
Q2 20231343
Q3 20231316
Q4 2023169
Q1 20241611
Q2 20241918

Biggest buyers

Linden Advisors LP Added +35,897,000+35.9m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +22,100,000+22.1m
Crossingbridge Advisors, LLC Added +7,000,000+7.0m
D. E. Shaw & Co., Inc. Added +7,000,000+7.0m
CITIGROUP INC Added +4,703,000+4.7m
OAKTREE CAPITAL MANAGEMENT LP New +4,325,000+4.3m
Walleye Capital LLC New +3,047,000+3.0m
Magnetar Financial LLC Added +1,600,000+1.6m
Radcliffe Capital Management, L.P. Added +1,000,000+1.0m
LAZARD ASSET MANAGEMENT LLC Added +1,000,000+1.0m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -73,830,000-73.8m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -48,800,000-48.8m
JPMORGAN CHASE & CO Reduced -15,874,000-15.9m
MORGAN STANLEY Reduced -5,659,000-5.7m
PIPER SANDLER & CO. Reduced -3,900,000-3.9m
BlackRock Inc. Sold out -2,781,000-2.8m
MARSHALL WACE, LLP Reduced -1,500,000-1.5m
Lombard Odier Asset Management (Europe) Ltd Sold out -1,213,000-1.2m
Amundi Reduced -973,000-973.0k
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -874,000-874.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.67% of their portfolio New York, NY 85,290,00085.3m $79.8m $79.8m 0.67% Added +35.9m +35,897,000
2 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 69,432,00069.4m $65.1m $65.1m 0.09% Added +7.0m +7,000,000
3 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.38% of their portfolio NEW YORK, NY 36,100,00036.1m $33.7m $33.7m 1.38% Added +22.1m +22,100,000
4 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 21,144,00021.1m $19.7m $19.7m 0.02% Added +1.0m +1,000,000
5 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 16,016,00016.0m $14.8m $14.8m 0.02% Reduced -758.0k -758,000
6 Crossingbridge Advisors, LLC 6.86% of their portfolio PLEASANTVILLE, NY 12,675,00012.7m $11.6m $11.6m 6.86% Added +7.0m +7,000,000
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,122,0007.1m $6.6m $6.6m 0.00% Unchanged
8 PALISADE CAPITAL MANAGEMENT, LP 0.17% of their portfolio FORT LEE, NJ 6,833,0006.8m $6.4m $6.4m 0.17% Reduced -41.0k -41,000
9 PRIVATE MANAGEMENT GROUP INC 0.22% of their portfolio IRVINE, CA 6,139,0006.1m $5.7m $5.7m 0.22% Reduced -26.0k -26,000
10 OFI INVEST ASSET MANAGEMENT 0.13% of their portfolio ISSY LES MOULINEAUX, I0 5,500,0005.5m $4.8m $4.8m 0.13% Reduced -5.5k -5,500
11 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,349,0005.3m $4.9m $4.9m 0.00% Added +4.7m +4,703,000
12 PIPER SANDLER & CO. 3.62% of their portfolio MINNEAPOLIS, MN 5,000,0005.0m $4.6m $4.6m 3.62% Reduced -3.9m -3,900,000
13 Magnetar Financial LLC 0.10% of their portfolio EVANSTON, IL 5,000,0005.0m $4.7m $4.7m 0.10% Added +1.6m +1,600,000
14 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 4,500,0004.5m $4.2m $4.2m 0.01% Reduced -1.5m -1,500,000
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 4,450,0004.5m $4.1m $4.1m 0.00% Reduced -250.0k -250,000
16 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 4,325,0004.3m $4.0m $4.0m 0.07% New
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,304,0004.3m $4.0m $4.0m 0.00% Reduced -5.7m -5,659,000
18 SSI INVESTMENT MANAGEMENT LLC 0.28% of their portfolio Los Angeles, CA 4,000,0004.0m $3.7m $3.7m 0.28% Added +500.0k +500,000
19 Walleye Capital LLC 0.03% of their portfolio NEW YORK, NY 3,047,0003.0m $2.8m $2.8m 0.03% New
20 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.40% of their portfolio Miamisburg, OH 3,000,0003.0m $2.8m $2.8m 0.40% Unchanged
21 Radcliffe Capital Management, L.P. 0.31% of their portfolio BALA CYNWYD, PA 1,732,0001.7m $1.6m $1.6m 0.31% Added +1.0m +1,000,000
22 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,050,0001.1m $977.0k $977.0k 0.00% Unchanged
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 550,000550.0k $513.8k $513.8k 0.00% Reduced -15.9m -15,874,000
24 EDMOND DE ROTHSCHILD HOLDING S.A. 0.01% of their portfolio CHAMBESY, V8 470,000470.0k $439.3k $439.3k 0.01% Reduced -680.0k -680,000
25 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 349,000349.0k $328.1k $328.1k 0.01% New
26 Cutler Capital Management, LLC 0.10% of their portfolio WORCESTER, MA 290,000290.0k $268.2k $268.2k 0.10% Unchanged
27 Amundi 0.00% of their portfolio Paris, I0 240,000240.0k $222.0k $222.0k 0.00% Reduced -973.0k -973,000
28 Fox Hill Wealth Management 0.05% of their portfolio DEDHAM, MA 81,00081.0k $75.4k $75.4k 0.05% Reduced -2.0k -2,000
29 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 80,00080.0k $74.0k $74.0k 0.00% Added +50.0k +50,000
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 41,00041.0k $38.3k $38.3k 0.00% Added +40.0k +40,000
31 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 40,00040.0k $37.0k $37.0k 0.00% Unchanged
32 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 30,00030.0k $27.8k $27.8k 0.00% Unchanged
33 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 24,00024.0k $22.2k $22.2k 0.00% New
34 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 19,00019.0k $17.6k $17.6k 0.00% Unchanged
35 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 10,00010.0k $9.3k $9.3k 0.01% Unchanged
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,0009.0k $8.3k $8.3k 0.00% Unchanged
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,8006.8k $6.3k $6.3k 0.00% New
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 6,0006.0k $5.5k $5.5k 0.00% New
39 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,0005.0k $4.7k $4.7k 0.00% Unchanged
40 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2,0002.0k $1.9k $1.9k 0.00% New
41 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $2.0k $2.0k 0.00% Unchanged
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $925 $925 0.00% New
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged