Cango Inc
CANG
25 hedge funds and large institutions have $6.59M invested in Cango Inc in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
0% more funds holding
Funds holding: 25 → 25 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
1.19% less ownership
Funds ownership: 1.47% → 0.28% (-1.2%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
81% less capital invested
Capital invested by funds: $34.2M → $6.59M (-$27.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$46.1K |
| 2 |
Mercer Global Advisors
Denver,
Colorado
|
+$13.9K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.73K |
| 4 |
State Street
Boston,
Massachusetts
|
+$5.75K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$4.15K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Warburg Pincus
New York
|
-$27.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$107K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$36.7K |
| 4 |
VF
Virtu Financial
New York
|
-$12K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$2.86K |
CANG Hedge Fund Activity: Q2 2023 in Review
25 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Cango Inc (CANG) for Q2 2023, worth a combined $6.59M — down 81% from $34.2M a quarter earlier.
Fund positioning in CANG was balanced in Q2 2023: 2 funds opened new positions, 2 closed out, 7 added to existing stakes and 4 trimmed.
The largest buyer was RhumbLine Advisers, opening a new position worth an estimated $46.1K. The largest seller was Warburg Pincus, exiting entirely with an estimated $27.7M sold.
- 25 institutional investors held Cango Inc (CANG) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $6.59M of Cango Inc stock for Q2 2023, down 81% quarter-over-quarter.
- 2 funds opened new Cango Inc positions in Q2 2023 and 2 closed out, a net change of 0 holders.
- The largest Cango Inc buyer in Q2 2023 was RhumbLine Advisers, an estimated $46.1K added.
- The largest Cango Inc seller in Q2 2023 was Warburg Pincus, an estimated $27.7M sold.
Based on aggregated 13F filings for Q2 2023.