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CANG

Cango Inc
CANG

49 hedge funds and large institutions have $202M invested in Cango Inc in 2021 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 12

14% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 14

4% more funds holding

Funds holding: 47 → 49 (+2)

0.11% more ownership

Funds ownership: 1.55% → 1.67% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

31% less capital invested

Capital invested by funds: $294M → $202M (-$91.6M)

Holders
49
Holders Change
+2
Holders Change %
+4.26%
% of All Funds
0.85%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
15
Reduced
12
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECM
Element Capital Management
New York
+$3.41M
2
State Street
State Street
Massachusetts
+$1.65M
3
BlackRock
BlackRock
New York
+$1.37M
4
Millennium Management
Millennium Management
New York
+$1.13M
5
ICM
Ionic Capital Management
New York
+$996K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$3.07M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.03M
3
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$323K
4
SSA
Schonfeld Strategic Advisors
New York
-$230K
5
Creative Planning
Creative Planning
Kansas
-$208K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$111K +$9.15K +150 +8%
CANY
27
Caxton Associates (New York)
New York
$105K +$114K +1,870 New
PP
28
Paloma Partners
Connecticut
$103K -$98.8K -1,620 -47%
JF
29
Jump Financial
Illinois
$90K -$160K -2,617 -62%
V
30
Veritable
Delaware
$89K +$30.5K +500 +45%
Jane Street
31
Jane Street
New York
$79K +$86.6K +1,420 New
Citigroup
32
Citigroup
New York
$78K +$11K +181 +15%
Mercer Global Advisors
33
Mercer Global Advisors
Colorado
$76K +$82.5K +1,352 New
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$68K +$74.6K +1,223 New
HF
35
HRT Financial
New York
$66K -$17K -279 -19%
KFGK
36
Keystone Financial Group (Kentucky)
Kentucky
$63K +$68.9K +1,130 New
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$50K +$9.21K +151 +20%
SPIA
38
Steward Partners Investment Advisory
New York
$40K -$12.9K -212 -23%
VanEck Associates
39
VanEck Associates
New York
$17K – – –
JP Morgan Chase
40
JP Morgan Chase
New York
$15K +$16.7K +273 New
GWM
41
Geneos Wealth Management
Colorado
$12K – – –
Rockefeller Capital Management
42
Rockefeller Capital Management
New York
$11K – – –
Wells Fargo
43
Wells Fargo
California
$9K -$20.7K -340 -67%
Bank of America
44
Bank of America
North Carolina
$8K +$8.36K +137 +1,713%
Osaic Holdings
45
Osaic Holdings
Arizona
$3K -$94.3K -1,545 -97%
HI
46
Harbour Investments
Wisconsin
$1K -$2.32K -38 -79%
First Manhattan
47
First Manhattan
New York
$1K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$1K +$610 +10 New
TFGT
49
TS Financial Group (TSFG)
Illinois
$1K +$610 +10 New
State of Wisconsin Investment Board
50
State of Wisconsin Investment Board
Wisconsin
– -$323K -3,846 Closed
1
2
3

CANG Hedge Fund Activity: Q2 2021 in Review

49 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Cango Inc (CANG) for Q2 2021, worth a combined $202M — down 31% from $294M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new CANG positions and 14 closed out — a net gain of 2 holders — while 15 added to existing stakes and 12 trimmed.

The largest buyer was Element Capital Management, opening a new position worth an estimated $3.41M. The largest seller was Citadel Advisors, cutting an estimated $3.07M.

  • 49 institutional investors held Cango Inc (CANG) as of Q2 2021, up from 47 in Q1 2021.
  • Funds reported $202M of Cango Inc stock for Q2 2021, down 31% quarter-over-quarter.
  • 16 funds opened new Cango Inc positions in Q2 2021 and 14 closed out, a net change of +2 holders.
  • The largest Cango Inc buyer in Q2 2021 was Element Capital Management, an estimated $3.41M added.
  • The largest Cango Inc seller in Q2 2021 was Citadel Advisors, an estimated $3.07M sold.

Based on aggregated 13F filings for Q2 2021.