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CANG

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
37
Holders Change
-12
Holders Change %
-24.49%
% of All Funds
0.65%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
6
Increased
11
Reduced
13
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ProShare Advisors
ProShare Advisors
Maryland
+$2.05M
2
TLCM
Twin Lakes Capital Management
California
+$460K
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$427K
4
PAG
Private Advisor Group
New Jersey
+$228K
5
Goldman Sachs
Goldman Sachs
New York
+$195K

Top Sellers

Rank Fund Capital Flow
1
ECM
Element Capital Management
New York
-$3.13M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$2.04M
3
Marshall Wace
Marshall Wace
United Kingdom
-$1.42M
4
ICM
Ionic Capital Management
New York
-$1.38M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
WP
1
Warburg Pincus
New York
$107M – – –
PCM
2
Primavera Capital Management
Cayman Islands
$20.7M – – –
Marshall Wace
3
Marshall Wace
United Kingdom
$2.4M -$1.42M -32,988 -36%
ProShare Advisors
4
ProShare Advisors
Maryland
$1.92M +$2.05M +47,640 New
BlackRock
5
BlackRock
New York
$1.02M +$129K +2,995 +13%
TLCM
6
Twin Lakes Capital Management
California
$834K +$460K +10,711 New
State Street
7
State Street
Massachusetts
$608K -$851K -19,827 -57%
Millennium Management
8
Millennium Management
New York
$577K -$879K -20,477 -59%
Cetera Investment Advisers
9
Cetera Investment Advisers
Illinois
$400K +$427K +9,955 New
GC
10
Guggenheim Capital
Illinois
$270K -$687 -16 -0.2%
SFI
11
Susquehanna Fundamental Investments
Pennsylvania
$243K +$144K +3,350 +124%
IAIM
12
International Assets Investment Management
Florida
$219K +$8.59K +200 +4%
PAG
13
Private Advisor Group
New Jersey
$213K +$228K +5,300 New
Goldman Sachs
14
Goldman Sachs
New York
$183K +$195K +4,547 New
Morgan Stanley
15
Morgan Stanley
New York
$165K -$59.5K -1,385 -25%
Voloridge Investment Management
16
Voloridge Investment Management
Florida
$155K -$530K -12,335 -76%
V
17
Veritable
Delaware
$153K +$94.5K +2,200 +138%
N
18
Nuveen
North Carolina
$114K +$28.8K +670 +31%
Citigroup
19
Citigroup
New York
$99K +$46.1K +1,073 +77%
Jane Street
20
Jane Street
New York
$89K +$33.6K +783 +55%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$87K +$40.2K +937 +77%
Mercer Global Advisors
22
Mercer Global Advisors
Colorado
$80K +$27.4K +639 +47%
LPL Financial
23
LPL Financial
California
$76K -$49.4K -1,150 -38%
SSA
24
Schonfeld Strategic Advisors
New York
$63K +$67K +1,560 New
KFGK
25
Keystone Financial Group (Kentucky)
Kentucky
$45K – – –
1
2 3

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.