Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Canopy Growth Corporation (CGC)

219 + Investors. Track Smart Money conviction in CGC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
3Q ▲
Buyers last Q
50%

Smart Money Signals — CGC

Based on 220 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added CGC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
220 hedge funds hold CGC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

78 buying79 selling
Last quarter: 78 funds bought or added vs 79 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-17 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 30 → 39 → 53 → 36. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 39% long-term, 31% new

■ 39% conviction (2yr+) ■ 30% medium ■ 31% new
Of the 220 current holders: 86 (39%) held >2 years, 65 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares -31%, value -79%

Value
-79%
Shares
-30%
Last quarter: funds added -31% more shares while total portfolio value only changed -79%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

30 → 30 → 39 → 53 → 36 new funds/Q
New funds entering each quarter: 30 → 39 → 53 → 36. A growing number of institutions are discovering CGC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 44% of holders stayed 2+ years

■ 44% veterans ■ 19% 1-2yr ■ 37% new
Of 232 current holders: 103 (44%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
20 of 220 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in CGC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CGC

In 2026 Q1, 78 hedge funds were net buyers of CGC (36 opened a new position, 42 added to an existing one), while 79 reduced or exited (45 trimmed, 34 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 43% of total institutional value in CGC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 220.

Hedge Fund Ownership: CGC

How many hedge funds hold CGC — quarterly history vs. share price
Quarterly hedge fund ownership of CGC vs. share price

Market Analysis: CGC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CGC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Canopy Growth Corporation (CGC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CGC has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
CGC
+1.6%
XLV
+3.2%

CGC outperformed XLV by -1.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CGC
-7.2%
XLV
+4.3%

Since the filing became public, CGC outperformed XLV by -11.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: CGC
219 + Investors

Track Smart Money conviction in CGC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 219 218 0.46%
13F Shares 36M 51M -30.67%
Total Value $34M $164M -79.27%
New Positions 36 53 -17
Increased Positions 38 39 -1
Closed Positions 35 42 -7
Reduced Positions 45 44 +1
Total Calls 9 12 -25.0%
Total Puts 7 8 -12.5%
PUT/CALL Ratio 0.78 0.67 Neutral

Statistics: CGC

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

219 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CGC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CGC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sullivan Wood Capital Management LLC 1.42% 854,285 $811K
2 Luminus Management LLC 0.32% 550,000 $522K
3 SLT Holdings LLC 0.14% 220,000 $209K
4 AdvisorShares Investments LLC 0.05% 289,683 $275K
5 Baader Bank Aktiengesellschaft 0.02% 347,960 $291K
6 Tidal Investments LLC 0.02% 8,479,893 $8.0M
7 SBI Securities Co., Ltd. 0.02% 616,868 $586K
8 Genesee Capital Advisors, LLC 0.02% 40,047 $38K
9 Lake Street Private Wealth, LLC 0.01% 115,050 $109K
10 Scientech Research LLC 0.01% 14,430 $14K
11 Two Sigma Securities, LLC 0.01% 99,372 $94K
12 Granite Islands Private Wealth, LLC 0.01% 10,905 $10K
13 SIG North Trading, ULC 0.01% 465,493 $442K
14 SIG North Trading, ULC 0.01% 465,000 $442K
15 PCG Wealth Advisors, LLC 0.01% 28,440 $27K
16 PFS Partners, LLC 0.01% 15,350 $15K
17 Gmt Capital Corp 0.01% 138,459 $131K
18 SIG North Trading, ULC 0.01% 298,500 $284K
19 Greenberg Financial Group 0.00% 10,017 $10K
20 Leonteq Securities AG 0.00% 75,089 $99K
21 Marathon Trading Investment Management LLC 0.00% 111,100 $105K
22 Lazard Asset Management LLC 0.00% 1,807,986 $1.7M
23 Federation des caisses Desjardins du Quebec 0.00% 795,987 $747K
24 Foundations Investment Advisors, LLC 0.00% 220,022 $209K
25 Insigneo Advisory Services, LLC 0.00% 38,475 $36K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Canopy Growth Corporation (CGC)

What does the Smart Money Trend signal show for CGC?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added CGC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CGC?

Slight buying edge — 50% buying: Last quarter: 78 funds bought or added vs 79 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CGC holders?

Elite ownership — 43% AUM from top-100 funds: 20 of 220 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in CGC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CGC?

Mixed — 39% long-term, 31% new: Of the 220 current holders: 86 (39%) held >2 years, 65 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Canopy Growth Corporation (CGC) following the 2026 Q1 hedge fund 13F filings?

As of today, CGC has moved -7.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.3% for the XLV sector ETF — an outperformance of -11.5%. Since the quarter end (March 31, 2026), CGC has gained +1.6% vs +3.2% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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