In a recent Form 13F-HR filed with the U.S. Securities and Exchange Commission, New York, New York-based hedge fund Sculptor Capital LP disclosed that it increased its stake in international cannabis conglomerate Canopy Growth Corp. (NYSE:CGC) (TSX:WEED).
This filing from Sculptor Capital came alongside Canopy Growth’s recent announcement of its financial and operating results for the quarter that ended December 31st, 2019.
According to Bloomberg, “Sculptor Capital Management, Inc. operates as a global alternative asset management firm. The Company providing investment products in a range of areas including multi-strategy, credit, and real estate. Sculptor Capital Management serves clients worldwide.”
With over $40 billion in assets under management as of a recent Form ADV, Sculptor Capital LP’s recent addition of 269,800 shares of Canopy Growth Corp. (NYSE:CGC) (TSX:WEED) amounts to just a drop in the bucket for the firm. That being said, it is always a bullish signal that institutional investors and money managers like Sculptor Capital LP are getting invested in the cannabis industry.
According to the filing, Sculptor Capital held 406,300 shares, 180,500 call options, and 443,100 put options in Canopy Growth Corp.
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.
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