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CGC

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
340
Holders Change
-27
Holders Change %
-7.36%
% of All Funds
5.42%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
39
Increased
74
Reduced
95
Closed
57
Calls
$17.3M
Puts
$19.4M
Net Calls
-$2.09M
Net Calls Change
-$13.1M

Top Buyers

1
EMG
ETF Managers Group
New Jersey
+$19.2M
2
HF
HRT Financial
New York
+$2.38M
3
Ameriprise
Ameriprise
Minnesota
+$1.46M
4
Goldman Sachs
Goldman Sachs
New York
+$1.36M
5
Barclays
Barclays
United Kingdom
+$1.26M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$19.8M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.81M
3
PCM
Prentice Capital Management
Connecticut
-$4.52M
4
PFO
Pathstone Family Office
New Jersey
-$2.35M
5
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$2.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAL
376
Capital Analysts LLC
Pennsylvania
– -$1K -39 Closed
AAMA
377
Advanced Asset Management Advisors
Ohio
– -$774 -34 Closed
HNWAG
378
High Net Worth Advisory Group
Florida
– -$693 -30 Closed
BWAM
379
Boyd Watterson Asset Management
Ohio
– -$635 -28 Closed
MS
380
Madden Securities
Texas
– -$578 -25 Closed
BIA
381
Bell Investment Advisors
California
– -$522 -23 Closed
BCM
382
Bourgeon Capital Management
Connecticut
– -$404 -18 Closed
CA
383
Corrado Advisors
New Jersey
– -$231 -10 Closed
LF
384
Lee Financial
Texas
– -$159 -7 Closed
WOSD
385
WFA of San Diego
California
– -$139 -6 Closed
TFA
386
Transamerica Financial Advisors
Florida
– -$1K -4 Closed
KFS
387
Kelly Financial Services
Massachusetts
– -$28 -1 Closed
12 13 14 15
16

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.