Vault-13

CHEGG INC CHGG 0 09.01.26

NOTE 9/0 · US DOMESTIC · CUSIP 163092AF6

54 institutional holders -2 vs Q4 2022
39,470,57339.5m shares reported held*
$411.6mreported value*
12 new 15 added 10 reduced 15 sold out net bought ≈ $14.2m (-5.9m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.46.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 56Q1 23: 5454Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202252
Q4 202256
Q1 202354

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 21 bought or addedQ4 22: 23 cut or sold outQ4 22Q1 23: 27 bought or addedQ1 23: 25 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222123
Q1 20232725

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +32,479,000+32.5m
LAZARD ASSET MANAGEMENT LLC Added +13,000,000+13.0m
Nuveen Asset Management, LLC Added +11,025,000+11.0m
FMR LLC Added +7,033,000+7.0m
MACQUARIE GROUP LTD New +6,916,000+6.9m
SONA ASSET MANAGEMENT (US) LLC New +6,866,000+6.9m
Linden Advisors LP Added +6,370,000+6.4m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +6,000,000+6.0m
CAMDEN ASSET MANAGEMENT L P /CA Added +5,545,000+5.5m
AQR Arbitrage LLC Added +5,325,000+5.3m

Biggest sellers

Empyrean Capital Partners, LP Sold out -20,000,000-20.0m
CITIGROUP INC Reduced -17,840,000-17.8m
OAKTREE CAPITAL MANAGEMENT LP Reduced -14,374,000-14.4m
Jefferies Financial Group Inc. Sold out -10,133,000-10.1m
BANK OF MONTREAL /CAN/ Sold out -9,000,000-9.0m
MACQUARIE GROUP LTD Sold out -7,875,000-7.9m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -6,814,000-6.8m
SSI INVESTMENT MANAGEMENT LLC Sold out -4,250,000-4.2m
VOYA INVESTMENT MANAGEMENT LLC Sold out -4,000,000-4.0m
BARCLAYS PLC Sold out -3,401,000-3.4m

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 57,033,00057.0m $44.8m $44.8m 0.01% Reduced -173.0k -173,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 0.53% of their portfolio NEW YORK, NY 34,009,00034.0m $26.7m $26.7m 0.53% Added +32.5m +32,479,000
3 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 33,510,00033.5m $26.3m $26.3m 0.13% Unchanged
4 MARSHALL WACE, LLP 0.06% of their portfolio LONDON, X0 31,500,00031.5m $24.7m $24.7m 0.06% Unchanged
5 DAVIDSON KEMPNER PARTNERS 0.59% of their portfolio New York, NY 30,000,00030.0m $23.5m $23.5m 0.59% First filing
6 Davidson Kempner Capital Management LP 0.49% of their portfolio New York, NY 30,000,00030.0m $23.5m $23.5m 0.49% Unchanged
7 PIER 88 INVESTMENT PARTNERS LLC 4.04% of their portfolio SAN FRANCISCO, CA 21,277,00021.3m $16.7m $16.7m 4.04% Added +140.0k +140,000
8 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 21,000,00021.0m $16.5m $16.5m 0.01% Added +11.0m +11,025,000
9 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 20,000,00020.0m $15.9m $15.9m 0.02% Added +13.0m +13,000,000
10 Polar Capital Holdings Plc 0.12% of their portfolio London, X0 20,000,00020.0m $15.9m $15.9m 0.12% Unchanged
11 MacKay Shields LLC 0.43% of their portfolio New York, NY 19,679,00019.7m $15.6m $15.6m 0.43% Reduced -465.0k -465,000
12 AQR Arbitrage LLC 0.45% of their portfolio Greenwich, CT 18,495,00018.5m $14.7m $14.7m 0.45% Added +5.3m +5,325,000
13 FMR LLC 0.00% of their portfolio BOSTON, MA 14,066,00014.1m $11.0m $11.0m 0.00% Added +7.0m +7,033,000
14 Man Group plc 0.04% of their portfolio LONDON, X0 13,069,00013.1m $10.3m $10.3m 0.04% Added +4.5m +4,500,000
15 OAKTREE CAPITAL MANAGEMENT LP 0.12% of their portfolio LOS ANGELES, CA 13,053,00013.1m $10.4m $10.4m 0.12% Reduced -14.4m -14,374,000
16 SILVERBACK ASSET MANAGEMENT LLC 1.57% of their portfolio DURHAM, NC 12,500,00012.5m $9.8m $9.8m 1.57% Added +1.5m +1,500,000
17 CAMDEN ASSET MANAGEMENT L P /CA 0.26% of their portfolio Los Angeles, CA 10,000,00010.0m $7.8m $7.8m 0.26% Added +5.5m +5,545,000
18 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 9,343,0009.3m $7.3m $7.3m 0.01% Added +134.0k +134,000
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,970,0009.0m $7.0m $7.0m 0.00% Reduced -3.0m -3,050,000
20 Amundi 0.00% of their portfolio Paris, I0 7,791,0007.8m $6.1m $6.1m 0.00% Reduced -400.0k -400,000
21 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 6,916,0006.9m $5.5m $5.5m 0.01% New
22 Linden Advisors LP 0.06% of their portfolio New York, NY 6,870,0006.9m $5.4m $5.4m 0.06% Added +6.4m +6,370,000
23 SONA ASSET MANAGEMENT (US) LLC 1.16% of their portfolio NEW YORK, NY 6,866,0006.9m $5.4m $5.4m 1.16% New
24 Segantii Capital Management Ltd 0.24% of their portfolio HONG KONG, K3 6,814,0006.8m $5.3m $5.3m 0.24% Reduced -686.0k -686,000
25 Blackstone Inc. 0.02% of their portfolio NEW YORK, NY 6,500,0006.5m $5.2m $5.2m 0.02% Unchanged
26 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 6,000,0006.0m $4.7m $4.7m 0.00% New
27 Ewing Morris & Co. Investment Partners Ltd. 3.14% of their portfolio TORONTO, Z4 5,000,0005.0m $4.0m $4.0m 3.14% New
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 4,000,0004.0m $3.1m $3.1m 0.00% New
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,350,0003.4m $2.6m $2.6m 0.00% Unchanged
30 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.34% of their portfolio Miamisburg, OH 3,000,0003.0m $2.4m $2.4m 0.34% New
31 BlackRock Inc. 0.00% of their portfolio New York, NY 2,905,0002.9m $2.3m $2.3m 0.00% Reduced -3.0m -2,975,000
32 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,250,0002.2m $1.8m $1.8m 0.00% Added +1.8m +1,750,000
33 RATIONAL ADVISORS, INC. 0.13% of their portfolio San Juan, PR 2,057,0002.1m $1.6m $1.6m 0.13% New
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $1.6m $1.6m 0.00% New
35 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,841,0001.8m $1.4m $1.4m 0.00% Unchanged
36 Paloma Partners Management Co 0.30% of their portfolio GREENWICH, CT 1,717,0001.7m $1.3m $1.3m 0.30% New
37 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,031,0001.0m $808.7k $808.7k 0.00% Reduced -1.8m -1,833,000
38 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 850,000850.0k $667.2k $667.2k 0.00% Reduced -100.0k -100,000
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 632,000632.0k $496.1k $496.1k 0.00% Reduced -17.8m -17,840,000
40 PRIVATE MANAGEMENT GROUP INC 0.02% of their portfolio IRVINE, CA 497,000497.0k $388.3k $388.3k 0.02% Unchanged
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 425,000425.0k $333.6k $333.6k 0.00% New
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $314.1k $314.1k 0.00% Unchanged
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 353,000353.0k $277.1k $277.1k 0.00% Added +285.0k +285,000
44 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 344,000344.0k $270.0k $270.0k 0.00% Unchanged
45 Claret Asset Management Corp 0.05% of their portfolio MONTREAL, A8 300,000300.0k $235.0k $235.0k 0.05% New
46 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 257,000257.0k $202.0k $202.0k 0.02% Unchanged
47 Seelaus Asset Management LLC 0.12% of their portfolio CHATHAM, NJ 200,000200.0k $157.0k $157.0k 0.12% Unchanged
48 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 146,000146.0k $114.6k $114.6k 0.00% Unchanged
49 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 89,34289.3k $1.5m $1.5m 0.01% Added +38.8k +38,798
50 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 23,57323.6k $18.5m $18.5m 0.02% Added +6.5k +6,500
51 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,0004.0k $3.1k $3.1k 0.00% Unchanged
52 Chevy Chase Trust Holdings, LLC 0.00% of their portfolio BETHESDA, MD 4,0004.0k $313.8k $313.8k 0.00% New
53 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,0004.0k $3.1k $3.1k 0.00% Unchanged
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged