Cango Inc
CANG
25 hedge funds and large institutions have $8.62M invested in Cango Inc in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 5 closing their positions.
46% more capital invested
Capital invested by funds: $5.9M → $8.62M (+$2.71M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.01% less ownership
Funds ownership: 0.29% → 0.29% (-0.01%)
7% less funds holding
Funds holding: 27 → 25 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cetera Advisors
Denver,
Colorado
|
+$129K |
| 2 |
Millennium Management
New York
|
+$20.2K |
| 3 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$2.52K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.31K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$235 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$161K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$59K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$19.9K |
| 4 |
TSS
Two Sigma Securities
New York
|
-$18.8K |
| 5 |
QCM
QRG Capital Management
Chicago,
Illinois
|
-$10.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
26
Two Sigma Securities
New York
| – | -$18.8K | -1,841 | Closed |
|
|
QCM
27
QRG Capital Management
Chicago,
Illinois
| – | -$10.6K | -1,034 | Closed |
|
|
WT
28
Whittier Trust
South Pasadena,
California
| – | -$2.02K | -200 | Closed |
|
29
Fidelity Investments
Boston,
Massachusetts
| – | -$1 | – | – |
|
CANG Hedge Fund Activity: Q1 2024 in Review
25 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Cango Inc (CANG) for Q1 2024, worth a combined $8.62M — up 46% from $5.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CANG and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was Cetera Advisors, opening a new position worth an estimated $129K. The largest seller was Morgan Stanley, cutting an estimated $161K.
- 25 institutional investors held Cango Inc (CANG) as of Q1 2024, down from 27 in Q4 2023.
- Funds reported $8.62M of Cango Inc stock for Q1 2024, up 46% quarter-over-quarter.
- 3 funds opened new Cango Inc positions in Q1 2024 and 5 closed out, a net change of -2 holders.
- The largest Cango Inc buyer in Q1 2024 was Cetera Advisors, an estimated $129K added.
- The largest Cango Inc seller in Q1 2024 was Morgan Stanley, an estimated $161K sold.
Based on aggregated 13F filings for Q1 2024.