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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Element Capital Management
New York
|
+$3.41M |
| 2 |
State Street
Boston,
Massachusetts
|
+$1.65M |
| 3 |
BlackRock
New York
|
+$1.37M |
| 4 |
Millennium Management
New York
|
+$1.13M |
| 5 |
ICM
Ionic Capital Management
New York
|
+$996K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$3.07M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.03M |
| 3 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$323K |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$230K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$208K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSA
51
Schonfeld Strategic Advisors
New York
| – | -$230K | -2,730 | Closed |
|
|
52
Creative Planning
Overland Park,
Kansas
| – | -$208K | -2,480 | Closed |
|
|
BFM
53
Boston Financial Management
Boston,
Massachusetts
| – | -$185K | -2,200 | Closed |
|
|
CSS
54
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$129K | -1,540 | Closed |
|
|
LA
55
LVW Advisors
Pittsford,
New York
| – | -$126K | -1,500 | Closed |
|
56
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$108K | -1,290 | Closed |
|
57
Wellington Management Group
Boston,
Massachusetts
| – | -$84K | -1,002 | Closed |
|
|
QT
58
Quantbot Technologies
New York
| – | -$46K | -552 | Closed |
|
59
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$45K | -528 | Closed |
|
|
VRM
60
Vectors Research Management
New York
| – | -$4K | -50 | Closed |
|
61
Russell Investments Group
London,
United Kingdom
| – | -$3K | -47 | Closed |
|
62
Fidelity Investments
Boston,
Massachusetts
| – | -$488 | -8 | Closed |
|
|
IA
63
IFP Advisors
Tampa,
Florida
| – | -$153 | -3 | Closed |
|
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.