In comparing the two most recent Form 13F-HRs that the firm filed with the SEC on December 10th, 2019 and February 14th, 2020, it looks like New York City-based investment manager Gilder Gagnon Howe & Co sold off its entire position in CBD powerhouse Charlottes Web Holdings, Inc. (TSX:CWEB) (OTC:CWBHF).
They may have done so too early, as some analysts are now saying the stock may double this year.
Regardless of what analysts are saying now, back in December, Gilder Gagnon Howe & Co disclosed that it was holding 74,314 shares of Charlottes Web Holdings stock. As we can see in the firm’s more recent filing, that position no longer exists. It should be noted, however, that 74,314 shares represent a mere 0.11% of the 67,418,174 CWEB shares outstanding.
According to Gilder Gagnon Howe’s website, “Gilder Gagnon Howe & Co. manages investments for individuals on a discretionary basis.” To give a bit more color to that statement, the firm had over $11 billion in AUM as of a recent form ADV, and over $9.5 billion in managed 13F securities.
Belief #1 on Gilder Gagnon Howe & Co.’s list of five investment principles is “There’s no such thing as a safe stock.” That’s certainly some prudent advice and good food for thought for any investor.
We’ll continue to monitor 13F filings to see what institutional investors are up to. In the meantime, be sure to subscribe to updates here so you never miss an important update. To stay up to date with news regarding Charlotte’s Web in particular, be sure to subscribe to CWEB-specific updates here.
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