undamentalytics Newsletter

Chegg, Inc: which funds bought and sold

Institutions that bought and sold Chegg shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 39 institutions that filed 13F reports for both quarters added to or opened positions in Chegg, and 46 cut or closed them. Together they added a net 250K shares, +0.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 131K shares (+0.9%); index fund managers were net sellers of 1.3M shares (−9.4%). 10 opened a new position and 15 sold out entirely.

Bought, Q2 2026 39 institutions, 10 of them new holders Sold, Q2 2026 46 institutions, 15 of them sold out
Net change, all compared +250K shares (+0.6%)
Net change, active managers +131K shares (+0.9%), 12 bought, 5 sold

Buyers versus sellers

institutions compared, 110
Active managers and hedge funds 12 bought · 5 sold · +131K
Index fund managers 6 bought · 3 sold · −1.3M
Other institutions 21 bought · 38 sold · +1.4M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Jane Street Group, LLC +1.1M +85.0% 2.4M $2.5M
Gsa Capital Partners LLP +719K +666.4% 827K $836,000
Citadel Advisors LLC Hedge fund +601K +506.4% 720K $727,136
Palumbo Wealth Management LLC +577K New position 577K $582,428
Susquehanna International Group, LLP +476K +101.4% 945K $954,395
Cannell Capital LLC +454K +110.9% 863K $871,901
HRT Financial LP +446K +626.3% 518K $522,000
Blackrock, Inc. Index funds +400K +21.7% 2.2M $2.3M
Simplex Trading, LLC +193K +1279.7% 209K $210,652
Acadian Asset Management LLC Active manager +170K +3.9% 4.6M $4.6M
Bridgeway Capital Management, LLC Active manager +143K +20.3% 850K $858,990
Bank Of America Corp +141K +118.3% 261K $263,528
FMR LLC Active manager +107K +9.1% 1.3M $1.3M
Geode Capital Management, LLC Index funds +97K +7.8% 1.3M $1.3M
Vanguard Capital Management LLC Index funds +93K +2.1% 4.6M $4.7M
Vanguard Fiduciary Trust Co Index funds +91K +14.8% 703K $710,451
Centiva Capital, LP Hedge fund +73K New position 73K $73,870
Federated Hermes, Inc. Active manager +71K +60.7% 188K $190,130
Point72 Asset Management, L.P. Hedge fund +56K +98.1% 112K $113,321
Renaissance Technologies LLC Hedge fund +50K +1.5% 3.4M $3.4M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Charles Schwab Investment Management Inc Index funds −1.6M −37.9% 2.6M $2.6M
Allianz Asset Management Gmbh −732K Sold out 0 —
Meteora Capital, LLC −453K −43.6% 587K $592,466
Vanguard Portfolio Management LLC Index funds −434K Sold out 0 —
Jacobs Levy Equity Management, Inc Active manager −364K −77.2% 108K $108,674
Two Sigma Investments, LP Hedge fund −356K −29.7% 845K $853,308
Goldman Sachs Group Inc −331K −58.9% 231K $233,703
Connor, Clark & Lunn Investment Management Ltd. −286K −26.3% 801K $808,770
UBS Group AG −238K −68.9% 107K $108,527
Boothbay Fund Management, LLC Hedge fund −211K −43.2% 278K $280,555
Millennium Management LLC Hedge fund −195K −72.5% 74K $74,638
Russell Investments Group, Ltd. −150K −81.7% 34K $33,915
Shay Capital LLC −124K −41.6% 174K $176,203
Arrowstreet Capital, Limited Partnership Hedge fund −122K −7.7% 1.5M $1.5M
Invesco Ltd. −102K −34.3% 194K $196,327
Jpmorgan Chase & Co −98K −78.6% 27K $29,602
Ameriprise Financial Inc −65K −52.9% 58K $58,107
Quinn Opportunity Partners LLC −41K −1.8% 2.2M $2.2M
Van Hulzen Asset Management, LLC −41K Sold out 0 —
Two Sigma Securities, LLC −31K Sold out 0 —

New positions

largest by value
InstitutionSharesValue June 30, 2026
Palumbo Wealth Management LLC 577K $582,428
Centiva Capital, LPHedge fund 73K $73,870
Quadrature Capital LtdHedge fund 49K $49,368
Graham Capital Management, L.P.Hedge fund 27K $26,877
Headlands Technologies LLC 21K $21,077
Squarepoint Ops LLCHedge fund 20K $20,675
Victory Capital Management IncActive manager 12K $11,868
Salem Investment Counselors Inc 1,000 $1,010
Farther Finance Advisors, LLC 534 $539
Minot Deblois Advisors LLC 120 $121

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Allianz Asset Management Gmbh 732K $542,279
Vanguard Portfolio Management LLCIndex funds 434K $321,823
Van Hulzen Asset Management, LLC 41K $30,394
Two Sigma Securities, LLC 31K $23,347
Scientech Research LLC 17K $12,391
Imc-Chicago, LLC 13K $9,547
SG Americas Securities, LLC 11K $8,000
Tower Research Capital LLC (TRC) 9,604 $7,119
Rockefeller Capital Management L.P. 3,000 $2,224
Fifth Third Bancorp 524 $388

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
96
Ten largest holders
64.6%
of 13F-reported shares
Index fund managers
30.5%
of 13F-reported shares
Active managers and hedge funds
35.9%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 12 5 5 0 +131K +0.9%
Index fund managers 6 3 0 1 −1.3M −9.4%
Other institutions 21 38 5 14 +1.4M +11.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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