Canna-Global Acquisition Corp. Class A Common Stock
CNGL
CNGL was delisted on the 27th of June, 2024.
11 hedge funds and large institutions have $22.8M invested in Canna-Global Acquisition Corp. Class A Common Stock in 2022 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 0 increasing their positions, 6 reducing their positions, and 38 closing their positions.
76% less funds holding
Funds holding: 46 → 11 (-35)
90% less capital invested
Capital invested by funds: $218M → $22.8M (-$195M)
92% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 38
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$2.37M |
| 2 |
CAC
Cowen and Company
New York
|
+$2.04M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$21.8M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.8M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$11.8M |
| 4 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$11.1M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$10.9M |
CNGL Hedge Fund Activity: Q4 2022 in Review
11 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Canna-Global Acquisition Corp. Class A Common Stock (CNGL) for Q4 2022, worth a combined $22.8M — down 90% from $218M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of CNGL and 3 opened new positions — a net loss of 35 holders — while 6 trimmed existing stakes and 0 added.
The largest buyer was Meteora Capital, opening a new position worth an estimated $2.37M. The largest seller was Saba Capital Management, exiting entirely with an estimated $21.8M sold.
- 11 institutional investors held Canna-Global Acquisition Corp. Class A Common Stock (CNGL) as of Q4 2022, down from 46 in Q3 2022.
- Funds reported $22.8M of Canna-Global Acquisition Corp. Class A Common Stock stock for Q4 2022, down 90% quarter-over-quarter.
- 3 funds opened new Canna-Global Acquisition Corp. Class A Common Stock positions in Q4 2022 and 38 closed out, a net change of -35 holders.
- The largest Canna-Global Acquisition Corp. Class A Common Stock buyer in Q4 2022 was Meteora Capital, an estimated $2.37M added.
- The largest Canna-Global Acquisition Corp. Class A Common Stock seller in Q4 2022 was Saba Capital Management, an estimated $21.8M sold.
Based on aggregated 13F filings for Q4 2022.