Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

CHEGG INC (CHGG)

101 + 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
↓ -20
Streak
7Q ▼
Buyers last Q
36%

Smart Money Signals — CHGG

Based on 107 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 7 quarters in a row

last 6Q
For 7 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 43% of 3.0Y high

43% of all-time peak
Only 107 funds hold CHGG today versus a peak of 246 funds at 2023 Q1 — just 43% 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 — 41% fewer funds vs a year ago

fund count last 6Q
73 fewer hedge funds hold CHGG compared to a year ago (-41% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 36% buying

43 buying76 selling
Last quarter: 76 funds sold vs only 43 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 25 → 32 → 24 → 15. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

78% of holders stayed for 2+ years

■ 78% conviction (2yr+) ■ 13% medium ■ 9% new
83 out of 107 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.
💎

Buying through price weakness — shares -11%, value -93%

Value
-92%
Shares
-10%
Last quarter: funds added -11% more shares while total portfolio value only changed -93%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

40 → 25 → 32 → 24 → 15 new funds/Q
New funds entering each quarter: 25 → 32 → 24 → 15. 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.
🏛️

Deep conviction — 81% of holders stayed 2+ years

■ 81% veterans ■ 5% 1-2yr ■ 14% new
Of 115 current holders: 93 (81%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
32 of 107 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in CHGG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
1.1
out of 10
Low Exit Risk
Exit risk score 1.1/10 — 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 2025 Q4, 43 hedge funds were net buyers of CHGG (15 opened a new position, 28 added to an existing one), while 76 reduced or exited (41 trimmed, 35 sold completely) — a 36% buyer ratio, indicating net institutional distribution. This extends a 7-quarter selling streak, suggesting sustained institutional caution. 50% of total institutional value in CHGG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -20 funds (more exits than new entries). Total institutional holders: 107.

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

-- --

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

Is It Too Late to Buy CHEGG INC (CHGG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CHGG has moved relative to its sector benchmark (XLP) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 50d ago
CHGG
+83.0%
XLP
+4.3%

CHGG outperformed XLP by +78.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 5d ago
CHGG
+17.3%
XLP
+1.0%

Since the filing became public, CHGG outperformed XLP by +16.3% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: CHGG
101 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 101 107 -5.61%
13F Shares 42M 48M -11.57%
Total Value $29M $44M -34.9%
New Positions 16 15 +1
Increased Positions 26 26 -
Closed Positions 22 35 -13
Reduced Positions 35 39 -4
Total Calls 5 6 -16.67%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.6 0.67 Bullish

Statistics: CHGG

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

101 + 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 institutional holders of CHGG — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 CANNELL CAPITAL LLC 0.42% 9,259 $686K
2 Firsthand Capital Management, Inc. 0.41% 260,000 $193K
3 CANNELL CAPITAL LLC 0.19% 409,236 $303K
4 Quinn Opportunity Partners LLC 0.09% 2,236,766 $1.7M
5 METEORA CAPITAL, LLC 0.06% 1,039,800 $771K
6 Shay Capital LLC 0.02% 298,599 $221K
7 Spectrum Wealth Advisory Group, LLC 0.02% 64,770 $48K
8 Burford Brothers, Inc. 0.01% 37,087 $27K
9 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% 707,053 $524K
10 Scientech Research LLC 0.01% 16,715 $12K
11 RBF Capital, LLC 0.01% 130,000 $96K
12 GSA CAPITAL PARTNERS LLP 0.00% 107,967 —
13 BOOTHBAY FUND MANAGEMENT, LLC 0.00% 489,089 $363K
14 ACADIAN ASSET MANAGEMENT LLC 0.00% 4,383,737 $3K
15 RENAISSANCE TECHNOLOGIES LLC 0.00% 3,346,800 $2.5M
16 Covestor Ltd 0.00% 5,947 —
17 TWO SIGMA SECURITIES, LLC 0.00% 31,495 $23K
18 NJ State Employees Deferred Compensation Plan 0.00% 16,000 $24K
19 TWO SIGMA ADVISERS, LP 0.00% 1,330,900 $1.2M
20 Van Hulzen Asset Management, LLC 0.00% 41,000 $30K
21 Connor, Clark & Lunn Investment Management Ltd. 0.00% 1,086,992 $806K
22 Empowered Funds, LLC 0.00% 377,353 $280K
23 XTX Topco Ltd 0.00% 118,531 $88K
24 JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% 471,369 $349K
25 TWO SIGMA INVESTMENTS, LP 0.00% 1,201,354 $891K
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 — 7 quarters in a row: For 7 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?

Heavy selling pressure — only 36% buying: Last quarter: 76 funds sold vs only 43 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for CHGG holders?

Elite ownership — 50% AUM from top-100 funds: 32 of 107 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in CHGG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CHGG?

78% of holders stayed for 2+ years: 83 out of 107 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.

Is it too late to buy CHEGG INC (CHGG) following the 2026 Q1 hedge fund 13F filings?

As of today, CHGG has moved +17.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.0% for the XLP sector ETF — an outperformance of +16.3%. Since the quarter end (March 31, 2026), CHGG has gained +83.0% vs +4.3% for XLP. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

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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