Vault-13

CHEGG INC CHGG 0 09.01.26

NOTE 9/0 · US DOMESTIC · CUSIP 163092AF6

42 institutional holders -12 vs Q1 2023
19,143,00019.1m shares reported held*
$300.7mreported value*
5 new 8 added 13 reduced 17 sold out net sold ≈ $52.4m (-20.7m 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 ≈ $15.71.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 56Q1 23: 54Q2 23: 4242Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202256
Q1 202354
Q2 202342

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 23Q2 23: 13 bought or addedQ2 23: 30 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222123
Q1 20232725
Q2 20231330

Biggest buyers

Linden Advisors LP Added +19,430,000+19.4m
D. E. Shaw & Co., Inc. New +16,366,000+16.4m
ABSOLUTE INVESTMENT ADVISERS, LLC New +5,000,000+5.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +4,533,000+4.5m
CAMDEN ASSET MANAGEMENT L P /CA Added +4,500,000+4.5m
LAZARD ASSET MANAGEMENT LLC Added +3,955,000+4.0m
OAKTREE CAPITAL MANAGEMENT LP Added +3,865,000+3.9m
SILVERBACK ASSET MANAGEMENT LLC Added +1,500,000+1.5m
BARCLAYS PLC New +1,266,000+1.3m
STATE STREET CORP Added +1,250,000+1.2m

Biggest sellers

Nuveen Asset Management, LLC Sold out -21,000,000-21.0m
Polar Capital Holdings Plc Sold out -20,000,000-20.0m
MacKay Shields LLC Reduced -19,634,000-19.6m
FMR LLC Sold out -14,066,000-14.1m
Man Group plc Sold out -13,069,000-13.1m
AQR Arbitrage LLC Reduced -9,575,000-9.6m
SONA ASSET MANAGEMENT (US) LLC Sold out -6,866,000-6.9m
Segantii Capital Management Ltd Sold out -6,814,000-6.8m
Blackstone Inc. Sold out -6,500,000-6.5m
PUTNAM INVESTMENTS LLC Reduced -3,857,000-3.9m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 57,013,00057.0m $43.0m $43.0m 0.00% Reduced -20.0k -20,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 0.61% of their portfolio NEW YORK, NY 38,542,00038.5m $29.1m $29.1m 0.61% Added +4.5m +4,533,000
3 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 33,510,00033.5m $25.2m $25.2m 0.13% Unchanged
4 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 31,500,00031.5m $23.7m $23.7m 0.05% Unchanged
5 Davidson Kempner Capital Management LP 0.47% of their portfolio New York, NY 30,000,00030.0m $22.5m $22.5m 0.47% Unchanged
6 Linden Advisors LP 0.21% of their portfolio New York, NY 26,300,00026.3m $19.8m $19.8m 0.21% Added +19.4m +19,430,000
7 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 23,955,00024.0m $18.1m $18.1m 0.02% Added +4.0m +3,955,000
8 PIER 88 INVESTMENT PARTNERS LLC 3.95% of their portfolio SAN FRANCISCO, CA 21,277,00021.3m $15.9m $15.9m 3.95% Unchanged
9 OAKTREE CAPITAL MANAGEMENT LP 0.17% of their portfolio LOS ANGELES, CA 16,918,00016.9m $12.8m $12.8m 0.17% Added +3.9m +3,865,000
10 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 16,366,00016.4m $12.4m $12.4m 0.02% New
11 CAMDEN ASSET MANAGEMENT L P /CA 0.38% of their portfolio Los Angeles, CA 14,500,00014.5m $10.9m $10.9m 0.38% Added +4.5m +4,500,000
12 SILVERBACK ASSET MANAGEMENT LLC 1.43% of their portfolio DURHAM, NC 14,000,00014.0m $10.5m $10.5m 1.43% Added +1.5m +1,500,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,220,00010.2m $7.7m $7.7m 0.00% Added +1.2m +1,250,000
14 AQR Arbitrage LLC 0.29% of their portfolio Greenwich, CT 8,920,0008.9m $6.7m $6.7m 0.29% Reduced -9.6m -9,575,000
15 Amundi 0.00% of their portfolio Paris, I0 7,491,0007.5m $5.6m $5.6m 0.00% Reduced -300.0k -300,000
16 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 6,866,0006.9m $5.2m $5.2m 0.01% Reduced -50.0k -50,000
17 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% Unchanged
18 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 5,486,0005.5m $4.1m $4.1m 0.01% Reduced -3.9m -3,857,000
19 ABSOLUTE INVESTMENT ADVISERS, LLC 0.53% of their portfolio ROSEMARY BEACH, FL 5,000,0005.0m $3.7m $3.7m 0.53% New
20 Ewing Morris & Co. Investment Partners Ltd. 2.92% of their portfolio TORONTO, Z4 5,000,0005.0m $3.8m $3.8m 2.92% Unchanged
21 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.31% of their portfolio Miamisburg, OH 3,000,0003.0m $2.2m $2.2m 0.31% Unchanged
22 BlackRock Inc. 0.00% of their portfolio New York, NY 2,805,0002.8m $2.1m $2.1m 0.00% Reduced -100.0k -100,000
23 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,250,0002.2m $1.7m $1.7m 0.00% Unchanged
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,201,0002.2m $1.7m $1.7m 0.00% Reduced -1.8m -1,799,000
25 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,150,0002.1m $1.6m $1.6m 0.00% Added +309.0k +309,000
26 RATIONAL ADVISORS, INC. 0.13% of their portfolio San Juan, PR 2,057,0002.1m $1.5m $1.5m 0.13% Unchanged
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,266,0001.3m $955.4k $955.4k 0.00% New
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,150,0001.1m $861.0k $861.0k 0.00% Reduced -2.2m -2,200,000
29 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 800,000800.0k $599.2k $599.2k 0.00% Reduced -50.0k -50,000
30 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 612,000612.0k $458.4k $458.4k 0.00% Reduced -20.0k -20,000
31 PRIVATE MANAGEMENT GROUP INC 0.02% of their portfolio IRVINE, CA 496,000496.0k $373.0k $373.0k 0.02% Reduced -1.0k -1,000
32 COMERICA BANK 0.00% of their portfolio DALLAS, TX 400,000400.0k $0 $0 0.00% First filing
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $301.9k $301.9k 0.00% Unchanged
34 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 344,000344.0k $257.7k $257.7k 0.00% Unchanged
35 Claret Asset Management Corp 0.04% of their portfolio MONTREAL, A8 300,000300.0k $225.0k $225.0k 0.04% New
36 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 257,000257.0k $193.0k $193.0k 0.02% Unchanged
37 Seelaus Asset Management LLC 0.12% of their portfolio CHATHAM, NJ 200,000200.0k $150.0k $150.0k 0.12% Unchanged
38 MacKay Shields LLC 0.00% of their portfolio New York, NY 45,00045.0k $33.9k $33.9k 0.00% Reduced -19.6m -19,634,000
39 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 41,00041.0k $30.9k $30.9k 0.00% Reduced -312.0k -312,000
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,0004.0k $3.0k $3.0k 0.00% Unchanged
41 Alken Asset Management Ltd 0.02% of their portfolio LONDON, X0 900900 $676 $676 0.02% New
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged