Canopy Growth
CGC
340 hedge funds and large institutions have $89.8M invested in Canopy Growth in 2023 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 74 increasing their positions, 95 reducing their positions, and 57 closing their positions.
0.1% less ownership
Funds ownership: 1.13% → 1.04% (-0.1%)
7% less funds holding
Funds holding: 367 → 340 (-27)
11% less call options, than puts
Call options by funds: $17.3M | Put options by funds: $19.4M
22% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 95
31% less capital invested
Capital invested by funds: $131M → $89.8M (-$40.8M)
32% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 57
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$19.2M |
| 2 |
HF
HRT Financial
New York
|
+$2.38M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.46M |
| 4 |
Goldman Sachs
New York
|
+$1.36M |
| 5 |
Barclays
London,
United Kingdom
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$19.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.81M |
| 3 |
PCM
Prentice Capital Management
Greenwich,
Connecticut
|
-$4.52M |
| 4 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$2.35M |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$2.11M |
CGC Hedge Fund Activity: Q1 2023 in Review
340 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Canopy Growth (CGC) for Q1 2023, worth a combined $89.8M — down 31% from $131M a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of CGC and 39 opened new positions — a net loss of 18 holders — while 95 trimmed existing stakes and 74 added.
The largest buyer was ETF Managers Group, opening a new position worth an estimated $19.2M. The largest seller was Millennium Management, exiting entirely with an estimated $19.8M sold.
- 340 institutional investors held Canopy Growth (CGC) as of Q1 2023, down from 367 in Q4 2022.
- Funds reported $89.8M of Canopy Growth stock for Q1 2023, down 31% quarter-over-quarter.
- 39 funds opened new Canopy Growth positions in Q1 2023 and 57 closed out, a net change of -18 holders.
- The largest Canopy Growth buyer in Q1 2023 was ETF Managers Group, an estimated $19.2M added.
- The largest Canopy Growth seller in Q1 2023 was Millennium Management, an estimated $19.8M sold.
Based on aggregated 13F filings for Q1 2023.