Cango Inc
CANG
37 hedge funds and large institutions have $138M invested in Cango Inc in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 18 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.09% less ownership
Funds ownership: 1.67% → 1.58% (-0.09%)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
24% less funds holding
Funds holding: 49 → 37 (-12)
32% less capital invested
Capital invested by funds: $202M → $138M (-$63.9M)
67% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ProShare Advisors
Bethesda,
Maryland
|
+$2.05M |
| 2 |
TLCM
Twin Lakes Capital Management
Redwood Shores,
California
|
+$460K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$427K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$228K |
| 5 |
Goldman Sachs
New York
|
+$195K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Element Capital Management
New York
|
-$3.13M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.04M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$1.42M |
| 4 |
ICM
Ionic Capital Management
New York
|
-$1.38M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JF
51
Jump Financial
Chicago,
Illinois
| – | -$90K | -1,613 | Closed |
|
52
VanEck Associates
New York
| – | -$17K | -300 | Closed |
|
53
First Manhattan
New York
| – | -$1K | -25 | Closed |
|
|
HI
54
Harbour Investments
Madison,
Wisconsin
| – | -$1K | -10 | Closed |
|
CANG Hedge Fund Activity: Q3 2021 in Review
37 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Cango Inc (CANG) for Q3 2021, worth a combined $138M — down 32% from $202M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of CANG and 6 opened new positions — a net loss of 12 holders — while 13 trimmed existing stakes and 11 added.
The largest buyer was ProShare Advisors, opening a new position worth an estimated $2.05M. The largest seller was Element Capital Management, exiting entirely with an estimated $3.13M sold.
- 37 institutional investors held Cango Inc (CANG) as of Q3 2021, down from 49 in Q2 2021.
- Funds reported $138M of Cango Inc stock for Q3 2021, down 32% quarter-over-quarter.
- 6 funds opened new Cango Inc positions in Q3 2021 and 18 closed out, a net change of -12 holders.
- The largest Cango Inc buyer in Q3 2021 was ProShare Advisors, an estimated $2.05M added.
- The largest Cango Inc seller in Q3 2021 was Element Capital Management, an estimated $3.13M sold.
Based on aggregated 13F filings for Q3 2021.