CHEGG INC CHGG 0 09.01.26

NOTE 9/0 · US DOMESTIC · CUSIP 163092AF6

33 institutional holders -1 vs Q3 2023

14,729,40014.7m shares reported held*

$215.2mreported value*

2 new 7 added 4 reduced 6 sold out net bought ≈ $21.4m (-7.8m 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 ≈ $14.61.

Trends to Q4 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
Q4 2023	33

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
Q4 2023	9	10

Biggest buyers

JPMORGAN CHASE & CO	Added	+24,293,000+24.3m
MACQUARIE GROUP LTD	New	+6,856,000+6.9m
Davidson Kempner Capital Management LP	Added	+5,000,000+5.0m
Linden Advisors LP	Added	+3,192,000+3.2m
D. E. Shaw & Co., Inc.	Added	+2,625,000+2.6m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Added	+500,000+500.0k
ROYAL BANK OF CANADA	Added	+65,000+65.0k
Virtus Investment Advisers, LLC	New	+44,000+44.0k
MORGAN STANLEY	Added	+14,000+14.0k

Biggest sellers

MACQUARIE GROUP LTD	Sold out	-6,856,000-6.9m
OAKTREE CAPITAL MANAGEMENT LP	Reduced	-3,731,000-3.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Sold out	-2,201,000-2.2m
BANK OF AMERICA CORP /DE/	Sold out	-1,605,000-1.6m
ABSOLUTE INVESTMENT ADVISERS, LLC	Reduced	-1,000,000-1.0m
CITIGROUP INC	Sold out	-900,000-900.0k
BLAIR WILLIAM & CO/IL	Reduced	-350,000-350.0k
BARCLAYS PLC	Sold out	-60,000-60.0k
ZAZOVE ASSOCIATES LLC	Reduced	-58,000-58.0k
Jefferies Financial Group Inc.	Sold out	-10,000-10.0k

Holders, Q4 2023

#	Manager	Location	Shares	Value	% of their portfolio	Change	Shares change
1	JPMORGAN CHASE & CO 0.00% of their portfolio	NEW YORK, NY	49,182,00049.2m $40.8m	$40.8m	0.00%	Added +24.3m	+24,293,000
2	MARSHALL WACE, LLP 0.05% of their portfolio	LONDON, X0	33,000,00033.0m $27.5m	$27.5m	0.05%	Unchanged
3	Davidson Kempner Capital Management LP 0.44% of their portfolio	New York, NY	30,000,00030.0m $24.9m	$24.9m	0.44%	Added +5.0m	+5,000,000
4	PIER 88 INVESTMENT PARTNERS LLC 4.44% of their portfolio	SAN FRANCISCO, CA	21,277,00021.3m $17.7m	$17.7m	4.44%	Unchanged
5	Calamos Advisors LLC 0.09% of their portfolio	NAPERVILLE, IL	21,010,00021.0m $17.5m	$17.5m	0.09%	Unchanged
6	Linden Advisors LP 0.15% of their portfolio	New York, NY	19,037,00019.0m $15.8m	$15.8m	0.15%	Added +3.2m	+3,192,000
7	OAKTREE CAPITAL MANAGEMENT LP 0.15% of their portfolio	LOS ANGELES, CA	11,573,00011.6m $9.7m	$9.7m	0.15%	Reduced -3.7m	-3,731,000
8	SILVERBACK ASSET MANAGEMENT LLC 1.26% of their portfolio	DURHAM, NC	10,171,00010.2m $8.5m	$8.5m	1.26%	Unchanged
9	D. E. Shaw & Co., Inc. 0.01% of their portfolio	New York, NY	9,625,0009.6m $8.0m	$8.0m	0.01%	Added +2.6m	+2,625,000
10	Amundi 0.00% of their portfolio	Paris, I0	7,491,0007.5m $6.2m	$6.2m	0.00%	Unchanged
11	ABSOLUTE INVESTMENT ADVISERS, LLC 0.85% of their portfolio	ROSEMARY BEACH, FL	7,000,0007.0m $5.8m	$5.8m	0.85%	Reduced -1.0m	-1,000,000
12	MACQUARIE GROUP LTD 0.01% of their portfolio	Sydney, NSW 2000, C3	6,856,0006.9m $5.7m	$5.7m	0.01%	New
13	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio	NEW YORK, NY	5,500,0005.5m $4.5m	$4.5m	0.00%	Added +500.0k	+500,000
14	Ewing Morris & Co. Investment Partners Ltd. 2.97% of their portfolio	TORONTO, Z4	5,000,0005.0m $4.2m	$4.2m	2.97%	Unchanged
15	ROYAL BANK OF CANADA 0.00% of their portfolio	TORONTO, A6	4,695,0004.7m $3.9m	$3.9m	0.00%	Added +65.0k	+65,000
16	PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio	FORT LEE, NJ	3,850,0003.9m $3.2m	$3.2m	0.08%	Unchanged
17	EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.33% of their portfolio	Miamisburg, OH	3,000,0003.0m $2.5m	$2.5m	0.33%	Unchanged
18	SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio	London, X0	2,250,0002.2m $1.9m	$1.9m	0.00%	Unchanged
19	RATIONAL ADVISORS, INC. 0.17% of their portfolio	San Juan, PR	2,057,0002.1m $1.7m	$1.7m	0.17%	Unchanged
20	Mirabaud Asset Management (France) SAS 0.51% of their portfolio	PARIS, I0	1,600,0001.6m $1.3m	$1.3m	0.51%	First filing
21	GROUPAMA ASSET MANAGMENT 0.01% of their portfolio	PARIS, I0	500,000500.0k $416.6k	$416.6k	0.01%	First filing
22	PRIVATE MANAGEMENT GROUP INC 0.02% of their portfolio	IRVINE, CA	496,000496.0k $407.3k	$407.3k	0.02%	Unchanged
23	BLAIR WILLIAM & CO/IL 0.00% of their portfolio	CHICAGO, IL	450,000450.0k $373.5k	$373.5k	0.00%	Reduced -350.0k	-350,000
24	Claret Asset Management Corp 0.04% of their portfolio	MONTREAL, A8	300,000300.0k $248.0k	$248.0k	0.04%	Unchanged
25	ZAZOVE ASSOCIATES LLC 0.02% of their portfolio	INCLINE VILLAGE, NV	199,000199.0k $166.0k	$166.0k	0.02%	Reduced -58.0k	-58,000
26	Seelaus Asset Management LLC 0.15% of their portfolio	CHATHAM, NJ	185,000185.0k $151.9k	$151.9k	0.15%	Unchanged
27	Fox Hill Wealth Management 0.08% of their portfolio	DEDHAM, MA	126,000126.0k $103.5k	$103.5k	0.08%	First filing
28	MacKay Shields LLC 0.00% of their portfolio	New York, NY	45,00045.0k $37.6k	$37.6k	0.00%	Unchanged
29	Virtus Investment Advisers, LLC 0.03% of their portfolio	HARTFORD, CT	44,00044.0k $36.5k	$36.5k	0.03%	New
30	MORGAN STANLEY 0.00% of their portfolio	NEW YORK, NY	28,00028.0k $23.2k	$23.2k	0.00%	Added +14.0k	+14,000
31	OSAIC HOLDINGS, INC. 0.00% of their portfolio	SCOTTSDALE, AZ	4,0004.0k $3.3k	$3.3k	0.00%	Unchanged
32	OFI INVEST ASSET MANAGEMENT 0.07% of their portfolio	ISSY LES MOULINEAUX, I0	2,4002.4k $2.0m	$2.0m	0.07%	Unchanged
33	CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio	BIRMINGHAM, AL	00 $0	$0	0.00%	Unchanged