CHEGG INC CHGG 0 09.01.26

NOTE 9/0 · US DOMESTIC · CUSIP 163092AF6

34 institutional holders -8 vs Q2 2023

22,415,40022.4m shares reported held*

$181.4mreported value*

6 new 4 added 11 reduced 14 sold out net sold ≈ $134.3m (+3.3m 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 ≈ $8.09.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

Numbers

Quarter	Holders
Q3 2022	52
Q4 2022	56
Q1 2023	54
Q2 2023	42
Q3 2023	34

Buyers vs sellers

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

Bought or addedCut or sold out

Numbers

Quarter	Bought or added	Cut or sold out
Q4 2022	21	23
Q1 2023	27	25
Q2 2023	13	30
Q3 2023	10	25

Biggest buyers

MACQUARIE GROUP LTD	New	+6,856,000+6.9m
PALISADE CAPITAL MANAGEMENT, LP	New	+3,850,000+3.9m
ROYAL BANK OF CANADA	Added	+3,480,000+3.5m
ABSOLUTE INVESTMENT ADVISERS, LLC	Added	+3,000,000+3.0m
BANK OF AMERICA CORP /DE/	New	+1,605,000+1.6m
MARSHALL WACE, LLP	Added	+1,500,000+1.5m
Claret Asset Management Corp	New	+300,000+300.0k
CITIGROUP INC	Added	+288,000+288.0k
Jefferies Financial Group Inc.	New	+10,000+10.0k
OFI INVEST ASSET MANAGEMENT	New	+2,400+2.4k

Biggest sellers

TENOR CAPITAL MANAGEMENT Co., L.P.	Sold out	-38,542,000-38.5m
JPMORGAN CHASE & CO	Reduced	-32,124,000-32.1m
LAZARD ASSET MANAGEMENT LLC	Sold out	-23,955,000-24.0m
CAMDEN ASSET MANAGEMENT L P /CA	Sold out	-14,500,000-14.5m
Calamos Advisors LLC	Reduced	-12,500,000-12.5m
Linden Advisors LP	Reduced	-10,455,000-10.5m
STATE STREET CORP	Sold out	-10,220,000-10.2m
D. E. Shaw & Co., Inc.	Reduced	-9,366,000-9.4m
AQR Arbitrage LLC	Sold out	-8,920,000-8.9m
MACQUARIE GROUP LTD	Sold out	-6,866,000-6.9m

Holders, Q3 2023

#	Manager	Location	Shares	Value	% of their portfolio	Change	Shares change
1	MARSHALL WACE, LLP 0.06% of their portfolio	LONDON, X0	33,000,00033.0m $26.0m	$26.0m	0.06%	Added +1.5m	+1,500,000
2	Davidson Kempner Capital Management LP 0.30% of their portfolio	New York, NY	25,000,00025.0m $19.6m	$19.6m	0.30%	Reduced -5.0m	-5,000,000
3	JPMORGAN CHASE & CO 0.00% of their portfolio	NEW YORK, NY	24,889,00024.9m $19.6m	$19.6m	0.00%	Reduced -32.1m	-32,124,000
4	PIER 88 INVESTMENT PARTNERS LLC 4.15% of their portfolio	SAN FRANCISCO, CA	21,277,00021.3m $16.7m	$16.7m	4.15%	Unchanged
5	Calamos Advisors LLC 0.09% of their portfolio	NAPERVILLE, IL	21,010,00021.0m $16.5m	$16.5m	0.09%	Reduced -12.5m	-12,500,000
6	Linden Advisors LP 0.13% of their portfolio	New York, NY	15,845,00015.8m $12.5m	$12.5m	0.13%	Reduced -10.5m	-10,455,000
7	OAKTREE CAPITAL MANAGEMENT LP 0.18% of their portfolio	LOS ANGELES, CA	15,304,00015.3m $12.1m	$12.1m	0.18%	Reduced -1.6m	-1,614,000
8	SILVERBACK ASSET MANAGEMENT LLC 1.10% of their portfolio	DURHAM, NC	10,171,00010.2m $8.0m	$8.0m	1.10%	Reduced -3.8m	-3,829,000
9	ABSOLUTE INVESTMENT ADVISERS, LLC 0.90% of their portfolio	ROSEMARY BEACH, FL	8,000,0008.0m $6.3m	$6.3m	0.90%	Added +3.0m	+3,000,000
10	Amundi 0.00% of their portfolio	Paris, I0	7,491,0007.5m $5.8m	$5.8m	0.00%	Unchanged
11	D. E. Shaw & Co., Inc. 0.01% of their portfolio	New York, NY	7,000,0007.0m $5.5m	$5.5m	0.01%	Reduced -9.4m	-9,366,000
12	MACQUARIE GROUP LTD 0.01% of their portfolio	Sydney, NSW 2000, C3	6,856,0006.9m $5.4m	$5.4m	0.01%	New
13	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio	NEW YORK, NY	5,000,0005.0m $3.9m	$3.9m	0.00%	Reduced -1.0m	-1,000,000
14	Ewing Morris & Co. Investment Partners Ltd. 3.18% of their portfolio	TORONTO, Z4	5,000,0005.0m $3.9m	$3.9m	3.18%	Unchanged
15	ROYAL BANK OF CANADA 0.00% of their portfolio	TORONTO, A6	4,630,0004.6m $3.6m	$3.6m	0.00%	Added +3.5m	+3,480,000
16	PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio	FORT LEE, NJ	3,850,0003.9m $3.0m	$3.0m	0.08%	New
17	EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.34% of their portfolio	Miamisburg, OH	3,000,0003.0m $2.3m	$2.3m	0.34%	Unchanged
18	SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio	London, X0	2,250,0002.2m $1.8m	$1.8m	0.00%	Unchanged
19	SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio	BALA CYNWYD, PA	2,201,0002.2m $1.7m	$1.7m	0.00%	Unchanged
20	RATIONAL ADVISORS, INC. 0.15% of their portfolio	San Juan, PR	2,057,0002.1m $1.6m	$1.6m	0.15%	Unchanged
21	BANK OF AMERICA CORP /DE/ 0.00% of their portfolio	CHARLOTTE, NC	1,605,0001.6m $1.3m	$1.3m	0.00%	New
22	CITIGROUP INC 0.00% of their portfolio	NEW YORK, NY	900,000900.0k $704.2k	$704.2k	0.00%	Added +288.0k	+288,000
23	BLAIR WILLIAM & CO/IL 0.00% of their portfolio	CHICAGO, IL	800,000800.0k $626.0k	$626.0k	0.00%	Unchanged
24	PRIVATE MANAGEMENT GROUP INC 0.02% of their portfolio	IRVINE, CA	496,000496.0k $387.0k	$387.0k	0.02%	Unchanged
25	Claret Asset Management Corp 0.05% of their portfolio	MONTREAL, A8	300,000300.0k $235.0k	$235.0k	0.05%	New
26	ZAZOVE ASSOCIATES LLC 0.02% of their portfolio	INCLINE VILLAGE, NV	257,000257.0k $202.0k	$202.0k	0.02%	Unchanged
27	Seelaus Asset Management LLC 0.16% of their portfolio	CHATHAM, NJ	185,000185.0k $144.3k	$144.3k	0.16%	Reduced -15.0k	-15,000
28	BARCLAYS PLC 0.00% of their portfolio	LONDON, X0	60,00060.0k $47.3k	$47.3k	0.00%	Reduced -1.2m	-1,206,000
29	MacKay Shields LLC 0.00% of their portfolio	New York, NY	45,00045.0k $35.4k	$35.4k	0.00%	Unchanged
30	MORGAN STANLEY 0.00% of their portfolio	NEW YORK, NY	14,00014.0k $11.0k	$11.0k	0.00%	Reduced -27.0k	-27,000
31	Jefferies Financial Group Inc. 0.00% of their portfolio	NEW YORK, NY	10,00010.0k $7.8k	$7.8k	0.00%	New
32	OSAIC HOLDINGS, INC. 0.00% of their portfolio	SCOTTSDALE, AZ	4,0004.0k $3.1k	$3.1k	0.00%	Unchanged
33	OFI INVEST ASSET MANAGEMENT 0.07% of their portfolio	ISSY LES MOULINEAUX, I0	2,4002.4k $1.9m	$1.9m	0.07%	New
34	CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio	BIRMINGHAM, AL	00 $0	$0	0.00%	Unchanged