Chegg (CHGG) Plunges 99% as AI Tools Replace Traditional EdTech Services
Eagle Point Capital, an investment firm, released its “Spring 2026 Portfolio Update" investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | 21,257,000 | $20,335,814 | -49% | 0.01% | |
| 2. | 6,914,000 | $6,602,870 | +179% | 4.05% | |
| 3. | Renaissance Technologies Jim Simons | 3,346,800 | $2,480,983 | +1% | 0% |
| 4. | Arrowstreet Capital Peter Rathjens, Bruce Clarke And John Campbell | 1,594,392 | $1,181,923 | -43% | 0% |
| 5. | Two Sigma Advisors John Overdeck And David Siegel | 1,201,354 | $890,564 | -10% | 0% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $0.56 | 100,000 | $56,360.00 | 7,625,075 | 2026-02-13 | Filing | |
| $28.19 | 20,000 | $563,800.00 | 61,836 | 2021-12-01 | Filing | |
| $28.54 | 35,470 | $1,012,313.80 | 80,470 | 2021-12-02 | Filing | |
| $28.81 | 16,259 | $468,421.79 | 49,000 | 2021-12-01 | Filing | |
| $27.97 | 8,741 | $244,485.77 | 32,741 | 2021-12-01 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $1.11 | 6,337 | $7,034.07 | 7,633,778 | 2026-06-12 | Filing | |
| $1.11 | 1,956 | $2,171.16 | 7,640,115 | 2026-06-12 | Filing | |
| $1.41 | 27,973 | $39,553.82 | 85,742 | 2025-06-06 | Filing | |
| $10.41 | 1,350 | $14,054.31 | 421,025 | 2023-12-13 | Filing | |
| $10.13 | 630 | $6,382.15 | 426,802 | 2023-12-04 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 4,528,039 | $3,355,277 | 0% | |
| 2. | 4,157,167 | $3,081,708 | 0% | |
| 3. | 2,236,766 | $1,658,115 | 0.09% | |
| 4. | 1,846,066 | $1,368,489 | 0% | |
| 5. | 1,314,806 | $974,666 | 0% |