Cango Inc
CANG
25 hedge funds and large institutions have $34.2M invested in Cango Inc in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 4 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more ownership
Funds ownership: 1.46% → 1.47% (+0%)
7% less funds holding
Funds holding: 27 → 25 (-2)
13% less capital invested
Capital invested by funds: $39.2M → $34.2M (-$4.97M)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$158K |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$70K |
| 3 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$34.4K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$25.1K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.32K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$108K |
| 2 |
VF
Virtu Financial
New York
|
-$35.7K |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$27.1K |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$8.8K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.99K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| – | -$3K | -20 | Closed |
|
27
Wells Fargo
San Francisco,
California
| – | -$262 | -20 | Closed |
|
|
MPCL
28
My Personal CFO LLC
Vancouver,
Washington
| – | -$2.62K | – | – |
|
CANG Hedge Fund Activity: Q1 2023 in Review
25 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cango Inc (CANG) for Q1 2023, worth a combined $34.2M — down 13% from $39.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CANG and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 6 added.
The largest buyer was Citadel Advisors, adding an estimated $158K. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $108K sold.
- 25 institutional investors held Cango Inc (CANG) as of Q1 2023, down from 27 in Q4 2022.
- Funds reported $34.2M of Cango Inc stock for Q1 2023, down 13% quarter-over-quarter.
- 3 funds opened new Cango Inc positions in Q1 2023 and 4 closed out, a net change of -1 holder.
- The largest Cango Inc buyer in Q1 2023 was Citadel Advisors, an estimated $158K added.
- The largest Cango Inc seller in Q1 2023 was Arrowstreet Capital, an estimated $108K sold.
Based on aggregated 13F filings for Q1 2023.