Vault-13

CHEGG INC CHGG 0.125 03.15.25

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

38 institutional holders -3 vs Q3 2024
3,501,0003.5m shares reported held*
$275.0mreported value*
4 new 5 added 10 reduced 7 sold out net sold ≈ $61.9m (-11.1m 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 ≈ $78.54.

Trends to Q4 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: 43Q3 24: 41Q4 24: 3838Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202252
Q4 202257
Q1 202360
Q2 202343
Q3 202338
Q4 202341
Q1 202441
Q2 202443
Q3 202441
Q4 202438

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 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 24Q3 24: 12 bought or addedQ3 24: 14 cut or sold outQ4 24: 9 bought or addedQ4 24: 17 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233127
Q2 20231343
Q3 20231316
Q4 2023169
Q1 20241611
Q2 20241918
Q3 20241214
Q4 2024917

Biggest buyers

CORBYN INVESTMENT MANAGEMENT INC/MD New +3,538,000+3.5m
Varde Management, L.P. New +3,000,000+3.0m
Crossingbridge Advisors, LLC Added +2,800,000+2.8m
D. E. Shaw & Co., Inc. Added +700,000+700.0k
NewGen Asset Management Ltd Added +499,000+499.0k
Wealthspire Advisors, LLC New +32,000+32.0k
Linden Advisors LP Added +20,000+20.0k
MAI Capital Management New +13,000+13.0k
BANK OF AMERICA CORP /DE/ Added +1,400+1.4k

Biggest sellers

BANK OF MONTREAL /CAN/ Reduced -49,557,000-49.6m
INTREPID CAPITAL MANAGEMENT INC Sold out -7,500,000-7.5m
PRIVATE MANAGEMENT GROUP INC Reduced -4,035,000-4.0m
Walleye Capital LLC Sold out -3,067,000-3.1m
OAKTREE CAPITAL MANAGEMENT LP Reduced -2,149,000-2.1m
LAZARD ASSET MANAGEMENT LLC Reduced -2,000,000-2.0m
Radcliffe Capital Management, L.P. Sold out -1,732,000-1.7m
Magnetar Financial LLC Sold out -1,500,000-1.5m
CITIGROUP INC Reduced -1,429,000-1.4m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -1,000,000-1.0m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.77% of their portfolio New York, NY 94,838,00094.8m $92.6m $92.6m 0.77% Added +20.0k +20,000
2 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 75,632,00075.6m $73.8m $73.8m 0.08% Added +700.0k +700,000
3 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.34% of their portfolio NEW YORK, NY 36,100,00036.1m $35.0m $35.0m 1.34% Unchanged
4 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 16,152,00016.2m $15.7m $15.7m 0.02% Reduced -2.0m -2,000,000
5 Crossingbridge Advisors, LLC 4.94% of their portfolio PLEASANTVILLE, NY 15,475,00015.5m $15.1m $15.1m 4.94% Added +2.8m +2,800,000
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,122,0007.1m $6.9m $6.9m 0.00% Unchanged
7 PALISADE CAPITAL MANAGEMENT, LP 0.18% of their portfolio FORT LEE, NJ 6,808,0006.8m $6.6m $6.6m 0.18% Reduced -25.0k -25,000
8 PIPER SANDLER & CO. 3.70% of their portfolio MINNEAPOLIS, MN 5,000,0005.0m $4.8m $4.8m 3.70% Unchanged
9 SSI INVESTMENT MANAGEMENT LLC 0.29% of their portfolio Los Angeles, CA 4,000,0004.0m $3.9m $3.9m 0.29% Unchanged
10 CORBYN INVESTMENT MANAGEMENT INC/MD 1.23% of their portfolio Lutherville, MD 3,538,0003.5m $3.4m $3.4m 1.23% New
11 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,450,0003.5m $3.4m $3.4m 0.00% Reduced -1.0m -1,000,000
12 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 3,419,0003.4m $3.3m $3.3m 0.06% Reduced -2.1m -2,149,000
13 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.38% of their portfolio Miamisburg, OH 3,000,0003.0m $2.9m $2.9m 0.38% Unchanged
14 Varde Management, L.P. 2.41% of their portfolio New York, NY 3,000,0003.0m $2.9m $2.9m 2.41% New
15 NewGen Asset Management Ltd 1.55% of their portfolio TORONTO, A6 1,499,0001.5m $1.5m $1.5m 1.55% Added +499.0k +499,000
16 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,050,0001.1m $1.0m $1.0m 0.00% Unchanged
17 PRIVATE MANAGEMENT GROUP INC 0.03% of their portfolio IRVINE, CA 845,000845.0k $812.9k $812.9k 0.03% Reduced -4.0m -4,035,000
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 307,000307.0k $297.8k $297.8k 0.00% Reduced -299.0k -299,000
19 Cutler Capital Management, LLC 0.10% of their portfolio WORCESTER, MA 290,000290.0k $281.2k $281.2k 0.10% Unchanged
20 Amundi 0.00% of their portfolio Paris, I0 240,000240.0k $234.6k $234.6k 0.00% Unchanged
21 Fox Hill Wealth Management 0.04% of their portfolio DEDHAM, MA 79,00079.0k $76.0k $76.0k 0.04% Reduced -2.0k -2,000
22 ZAZOVE ASSOCIATES LLC 0.01% of their portfolio INCLINE VILLAGE, NV 65,00065.0k $63.7k $63.7k 0.01% Unchanged
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 54,00054.0k $52.4k $52.4k 0.00% Unchanged
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 40,00040.0k $39.0k $39.0k 0.00% Unchanged
25 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 32,00032.0k $30.9k $30.9k 0.00% New
26 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 30,00030.0k $29.1k $29.1k 0.00% Unchanged
27 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 20,00020.0k $19.4k $19.4k 0.00% Reduced -20.0k -20,000
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 19,00019.0k $18.4k $18.4k 0.00% First filing
29 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 13,00013.0k $12.5k $12.5k 0.00% New
30 PATRON PARTNERS, LLC 0.01% of their portfolio HOUSTON, TX 10,00010.0k $9.6k $9.6k 0.01% Unchanged
31 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,0005.0k $4.9k $4.9k 0.00% Reduced -49.6m -49,557,000
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,2003.2k $3.1k $3.1k 0.00% Added +1.4k +1,400
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $2.9k $2.9k 0.00% Unchanged
34 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2,0002.0k $1.9k $1.9k 0.00% Unchanged
35 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0002.0k $1.9k $1.9k 0.00% Reduced -1.4m -1,429,000
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $2.0k $2.0k 0.00% Unchanged
37 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5001.5k $1.5k $1.5k 0.00% Unchanged
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged