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CANG

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
49
Holders Change
+2
Holders Change %
+4.26%
% of All Funds
0.85%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
15
Reduced
12
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECM
Element Capital Management
New York
+$3.41M
2
State Street
State Street
Massachusetts
+$1.65M
3
BlackRock
BlackRock
New York
+$1.37M
4
Millennium Management
Millennium Management
New York
+$1.13M
5
ICM
Ionic Capital Management
New York
+$996K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$3.07M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.03M
3
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$323K
4
SSA
Schonfeld Strategic Advisors
New York
-$230K
5
Creative Planning
Creative Planning
Kansas
-$208K
Name Holding Trade Value Shares
Change 		Change in
Stake
WP
1
Warburg Pincus
New York
$149M – – –
PCM
2
Primavera Capital Management
Cayman Islands
$28.8M – – –
Marshall Wace
3
Marshall Wace
United Kingdom
$5.18M +$645K +10,570 +13%
ECM
4
Element Capital Management
New York
$3.13M +$3.41M +55,950 New
Acadian Asset Management
5
Acadian Asset Management
Massachusetts
$2.04M -$1.03M -16,807 -32%
State Street
6
State Street
Massachusetts
$1.95M +$1.65M +27,001 +339%
Millennium Management
7
Millennium Management
New York
$1.95M +$1.13M +18,558 +114%
ICM
8
Ionic Capital Management
New York
$1.38M +$996K +16,322 +195%
BlackRock
9
BlackRock
New York
$1.26M +$1.37M +22,488 New
Citadel Advisors
10
Citadel Advisors
Florida
$1.16M -$3.07M -50,400 -71%
Voloridge Investment Management
11
Voloridge Investment Management
Florida
$905K +$9.94K +163 +1%
Invesco
12
Invesco
Georgia
$857K +$935K +15,332 New
Qube Research & Technologies (QRT)
13
Qube Research & Technologies (QRT)
United Kingdom
$626K +$683K +11,201 New
GC
14
Guggenheim Capital
Illinois
$377K +$192K +3,140 +87%
CCM
15
CAAS Capital Management
New York
$333K +$364K +5,965 New
Morgan Stanley
16
Morgan Stanley
New York
$306K +$302K +4,948 +944%
IAIM
17
International Assets Investment Management
Florida
$293K +$210K +3,445 +191%
GCP
18
GSA Capital Partners
United Kingdom
$193K +$211K +3,455 New
LPL Financial
19
LPL Financial
California
$170K +$66.6K +1,092 +56%
Northern Trust
20
Northern Trust
Illinois
$163K +$177K +2,901 New
SEI Investments
21
SEI Investments
Pennsylvania
$156K -$103K -1,688 -38%
SFI
22
Susquehanna Fundamental Investments
Pennsylvania
$151K -$732 -12 -0.4%
UBS Group
23
UBS Group
Switzerland
$135K +$10.4K +170 +8%
IAP
24
Indie Asset Partners
Indiana
$130K -$15.3K -250 -10%
N
25
Nuveen
North Carolina
$121K +$132K +2,170 New
1
2 3

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.