Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Chegg Inc (CHGG)

98 + Investors. Track Smart Money conviction in CHGG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
9Q ▼
Buyers last Q
47%

Smart Money Signals — CHGG

Based on 99 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds reduced or closed their CHGG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 44% of 3.0Y high

44% of all-time peak
Only 99 funds hold CHGG today versus a peak of 227 funds at 2023 Q3 — just 44% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 31% fewer funds vs a year ago

fund count last 6Q
45 fewer hedge funds hold CHGG compared to a year ago (-31% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

46 buying51 selling
Last quarter: 51 funds reduced or exited vs 46 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~16 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 24 → 15 → 16 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

74% of holders stayed for 2+ years

■ 74% conviction (2yr+) ■ 15% medium ■ 11% new
73 out of 99 hedge funds have held CHGG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Price up while funds trimmed (+25% value, -2% shares)

Value
+25%
Shares
-2%
Last quarter: total value of institutional CHGG holdings rose +25% even though funds reduced share count by 2%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📊

Peak discovery — momentum slowing

33 → 24 → 15 → 16 → 16 new funds/Q
New funds entering each quarter: 24 → 15 → 16 → 16. CHGG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 79% veterans vs 12% newcomers

■ 79% veterans ■ 9% 1-2yr ■ 12% new
Entry-cohort mix of 107 holders: 84 (79%) are 2+ year veterans, 10 entered 1–2 years ago, and 13 (12%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
30 of 98 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
1.0
out of 10
Low Exit Risk
Exit risk score 1.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CHGG

In 2026 Q2, 46 hedge funds were net buyers of CHGG (16 opened a new position, 30 added to an existing one), while 51 reduced or exited (33 trimmed, 18 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This extends a 9-quarter selling streak, suggesting sustained institutional caution. 39% of total institutional value in CHGG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 99.

Hedge Fund Ownership: CHGG

How many hedge funds hold CHGG — quarterly history vs. share price
Quarterly hedge fund ownership of CHGG vs. share price

Market Analysis: CHGG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CHGG

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: CHGG
98 + Investors

Track Smart Money conviction in CHGG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 98 101 -2.97%
13F Shares 41M 42M -2.45%
Total Value $36M $29M 25.29%
New Positions 16 16 -
Increased Positions 29 26 +3
Closed Positions 18 23 -5
Reduced Positions 30 35 -5
Total Calls 5 5 -
Total Puts 4 3 33.33%
PUT/CALL Ratio 0.8 0.6 Neutral

Statistics: CHGG

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Institutional Holders (2026 Q2)

98 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CHGG. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CHGG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cannell Capital LLC 0.58% 863,268 $872K
2 Firsthand Capital Management, Inc. 0.42% 260,000 $263K
3 Palumbo Wealth Management LLC 0.12% 576,661 $582K
4 Quinn Opportunity Partners LLC 0.10% 2,195,606 $2.2M
5 Meteora Capital, LLC 0.05% 586,600 $592K
6 Aster Capital Management (DIFC) Ltd 0.04% 140,142 $170K
7 Spectrum Wealth Advisory Group, LLC 0.02% 64,770 $65K
8 Bridgeway Capital Management, LLC 0.02% 850,485 $859K
9 Burford Brothers, Inc. 0.01% 37,087 $37K
10 Shay Capital LLC 0.01% 174,458 $176K
11 Ghe, LLC 0.00% 13,069 $13K
12 Renaissance Technologies LLC 0.00% 3,396,900 $3.4M
13 RBF Capital, LLC 0.00% 100,000 $101K
14 Boothbay Fund Management, LLC 0.00% 277,777 $281K
15 NJ State Employees Deferred Compensation Plan 0.00% 16,000 $24K
16 Headlands Technologies LLC 0.00% 20,868 $21K
17 Empowered Funds, LLC 0.00% 404,270 $408K
18 Connor, Clark & Lunn Investment Management Ltd. 0.00% 800,762 $809K
19 XTX Topco Ltd 0.00% 103,629 $105K
20 Hrt Financial LP 0.00% 517,652 $522K
21 Caption Management, LLC 0.00% 149,700 $151K
22 Arrowstreet Capital, Limited Partnership 0.00% 1,472,016 $1.5M
23 Centiva Capital, LP 0.00% 73,139 $74K
24 Two Sigma Investments, LP 0.00% 844,859 $853K
25 Jefferies Financial Group Inc. 0.00% 77,269 $78K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Chegg Inc (CHGG)

What does the Smart Money Trend signal show for CHGG?

Selling streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds reduced or closed their CHGG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CHGG?

More sellers than buyers — 47% buying: Last quarter: 51 funds reduced or exited vs 46 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CHGG holders?

Strong quality — 39% AUM from major funds: 30 of 98 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held CHGG?

74% of holders stayed for 2+ years: 73 out of 99 hedge funds have held CHGG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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