Cango Inc
CANG
27 hedge funds and large institutions have $39.2M invested in Cango Inc in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 10 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.11% less ownership
Funds ownership: 1.58% → 1.46% (-0.11%)
4% less funds holding
Funds holding: 28 → 27 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
47% less capital invested
Capital invested by funds: $74.1M → $39.2M (-$35M)
60% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$76.2K |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$42.2K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$31.1K |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$20.6K |
| 5 |
State Street
Boston,
Massachusetts
|
+$7.65K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Warburg Pincus
New York
|
-$4.53M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$57.3K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$46K |
| 4 |
RC
RBF Capital
San Francisco,
California
|
-$42K |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
-$40K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $35 | -$8.07K | -397 | -99% |
|
|
27
Envestnet Asset Management
Chicago,
Illinois
| – | -$46K | -1,988 | Closed |
|
|
RC
28
RBF Capital
San Francisco,
California
| – | -$42K | -1,826 | Closed |
|
|
PCM
29
Penserra Capital Management
Orinda,
California
| – | -$40K | -1,743 | Closed |
|
|
CANY
30
Caxton Associates (New York)
New York
| – | -$37K | -1,627 | Closed |
|
|
V
31
Veritable
Wilmington,
Delaware
| – | -$33K | -1,450 | Closed |
|
|
CS
32
Credit Suisse
Zurich,
Switzerland
| – | -$12K | -500 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$3K | -122 | Closed |
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$936 | -46 | -65% |
|
CANG Hedge Fund Activity: Q4 2022 in Review
27 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Cango Inc (CANG) for Q4 2022, worth a combined $39.2M — down 47% from $74.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CANG and 6 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 4 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $76.2K. The largest seller was Warburg Pincus, cutting an estimated $4.53M.
- 27 institutional investors held Cango Inc (CANG) as of Q4 2022, down from 28 in Q3 2022.
- Funds reported $39.2M of Cango Inc stock for Q4 2022, down 47% quarter-over-quarter.
- 6 funds opened new Cango Inc positions in Q4 2022 and 7 closed out, a net change of -1 holder.
- The largest Cango Inc buyer in Q4 2022 was Virtu Financial, an estimated $76.2K added.
- The largest Cango Inc seller in Q4 2022 was Warburg Pincus, an estimated $4.53M sold.
Based on aggregated 13F filings for Q4 2022.