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
↓ -6
Streak
8Q ▼
Buyers last Q
43%

Smart Money Signals — CHGG

Based on 101 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 8 quarters in a row

last 6Q
For 8 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 45% of 3.0Y high

45% of all-time peak
Only 101 funds hold CHGG today versus a peak of 226 funds at 2023 Q3 — just 45% 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 — 35% fewer funds vs a year ago

fund count last 6Q
55 fewer hedge funds hold CHGG compared to a year ago (-35% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

45 buying59 selling
Last quarter: 59 funds reduced or exited vs 45 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: 32 → 24 → 15 → 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+) ■ 13% medium ■ 13% new
75 out of 101 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 -12%, value -35%

Value
-34%
Shares
-11%
Last quarter: funds added -12% more shares while total portfolio value only changed -35%. 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

25 → 32 → 24 → 15 → 16 new funds/Q
New funds entering each quarter: 32 → 24 → 15 → 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.
🏛️

Deep conviction — 77% of holders stayed 2+ years

■ 77% veterans ■ 9% 1-2yr ■ 14% new
Of 109 current holders: 84 (77%) 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.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
28 of 101 holders rank in the top 100 by AUM, accounting for 37% 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 Q1, 45 hedge funds were net buyers of CHGG (16 opened a new position, 29 added to an existing one), while 59 reduced or exited (37 trimmed, 22 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. This extends a 8-quarter selling streak, suggesting sustained institutional caution. 37% of total institutional value in CHGG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 101.

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 · 79d ago
CHGG
+38.9%
XLP
+2.1%

CHGG outperformed XLP by +36.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
CHGG
-1.0%
XLP
-1.1%

Since the filing became public, CHGG outperformed XLP by +0.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

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 CHGG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Firsthand Capital Management, Inc. 0.41% 260,000 $193K
2 Cannell Capital LLC 0.19% 409,236 $303K
3 Quinn Opportunity Partners LLC 0.09% 2,236,766 $1.7M
4 Meteora Capital, LLC 0.06% 1,039,800 $771K
5 Shay Capital LLC 0.02% 298,599 $221K
6 Spectrum Wealth Advisory Group, LLC 0.02% 64,770 $48K
7 Burford Brothers, Inc. 0.01% 37,087 $27K
8 Bridgeway Capital Management, LLC 0.01% 707,053 $524K
9 Scientech Research LLC 0.01% 16,715 $12K
10 RBF Capital, LLC 0.01% 130,000 $96K
11 Boothbay Fund Management, LLC 0.00% 489,089 $363K
12 Renaissance Technologies LLC 0.00% 3,346,800 $2.5M
13 Two Sigma Securities, LLC 0.00% 31,495 $23K
14 NJ State Employees Deferred Compensation Plan 0.00% 16,000 $24K
15 Two Sigma Advisers, LP 0.00% 1,330,900 $1.2M
16 Van Hulzen Asset Management, LLC 0.00% 41,000 $30K
17 Connor, Clark & Lunn Investment Management Ltd. 0.00% 1,086,992 $806K
18 Empowered Funds, LLC 0.00% 377,353 $280K
19 XTX Topco Ltd 0.00% 118,531 $88K
20 Jacobs Levy Equity Management, Inc 0.00% 471,369 $349K
21 Two Sigma Investments, LP 0.00% 1,201,354 $891K
22 Arrowstreet Capital, Limited Partnership 0.00% 1,594,392 $1.2M
23 Allianz Asset Management GmbH 0.00% 731,524 $542K
24 Jefferies Financial Group Inc. 0.00% 77,269 $57K
25 Marshall Wace, LLP 0.00% 437,514 $324K
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 — 8 quarters in a row: For 8 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 — 43% buying: Last quarter: 59 funds reduced or exited vs 45 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 — 37% AUM from major funds: 28 of 101 holders rank in the top 100 by AUM, accounting for 37% 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: 75 out of 101 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 -1.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the XLP sector ETF — an outperformance of +0.1%. Since the quarter end (March 31, 2026), CHGG has gained +38.9% vs +2.1% for XLP. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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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