CANOPY GROWTH CORP CGC
COM NEW · Common Stock · CUSIP 138035704 · ISIN CA1380357048
Medical marijuana company based in Smiths Falls, Ontario
- SectorHealth care
- IndustryMedicinal Chemicals & Botanical Products
- HeadquartersSmiths Falls, Canada
- Founded2013
- Websitecanopygrowth.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($11.4k this quarter). Holder counts are more reliable. Shares outstanding: 377.9m as of 2026-02-05, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $1.14. Options: 17 managers hold calls ($17.9m notional), 12 hold puts ($6.1m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2 |
| Q4 2022 | 2 |
| Q1 2023 | 2 |
| Q2 2023 | 3 |
| Q3 2023 | 4 |
| Q4 2023 | 219 |
| Q1 2024 | 221 |
| Q2 2024 | 226 |
| Q3 2024 | 222 |
| Q4 2024 | 224 |
| Q1 2025 | 204 |
| Q2 2025 | 204 |
| Q3 2025 | 211 |
| Q4 2025 | 222 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 81 | 87 |
| Q2 2024 | 88 | 66 |
| Q3 2024 | 73 | 74 |
| Q4 2024 | 70 | 84 |
| Q1 2025 | 68 | 75 |
| Q2 2025 | 63 | 63 |
| Q3 2025 | 91 | 57 |
| Q4 2025 | 77 | 83 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $5.2m | $1.8m | 0.36 |
| Q2 2025 | $8.8m | $3.9m | 0.44 |
| Q3 2025 | $15.1m | $8.6m | 0.57 |
| Q4 2025 | $17.9m | $6.1m | 0.34 |
Biggest buyers
| JANE STREET GROUP, LLC | Added | +5.2m |
| Caitong International Asset Management Co., Ltd | Added | +4.0m |
| D. E. Shaw & Co., Inc. | Added | +2.4m |
| Tidal Investments LLC | Added | +1.9m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.3m |
| BARCLAYS PLC | Added | +880.9k |
| Headlands Technologies LLC | Added | +770.7k |
| Sullivan Wood Capital Management LLC | Added | +525.5k |
| SIMPLEX TRADING, LLC | New | +487.7k |
| Foundations Investment Advisors, LLC | New | +425.0k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.4m |
| CITADEL ADVISORS LLC | Reduced | -1.6m |
| TWO SIGMA INVESTMENTS, LP | Sold out | -1.2m |
| HRT FINANCIAL LP | Reduced | -887.6k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -692.4k |
| ROYAL BANK OF CANADA | Reduced | -364.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -294.3k |
| UBS Group AG | Reduced | -240.7k |
| TWO SIGMA SECURITIES, LLC | Sold out | -171.1k |
| SG Americas Securities, LLC | Sold out | -160.2k |
Biggest calls
| Leonteq Securities AG | New | $4.0m3.5m shares |
| CITADEL ADVISORS LLC | Added | $3.6m3.1m shares |
| GROUP ONE TRADING LLC | Added | $2.5m2.2m shares |
| SIMPLEX TRADING, LLC | Added | $2.2m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.8m1.6m shares |
| IMC-Chicago, LLC | Added | $1.3m1.1m shares |
| JANE STREET GROUP, LLC | Added | $864.5k760.4k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $859.2k753.7k shares |
| SIG North Trading, ULC | Added | $612.5k537.3k shares |
| Walleye Trading LLC | New | $99.5k87.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $1.4m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.3m1.2m shares |
| SIMPLEX TRADING, LLC | Added | $1.0m940.9k shares |
| SIG North Trading, ULC | Added | $726.2k637.0k shares |
| GROUP ONE TRADING LLC | Added | $690.3k605.5k shares |
| IMC-Chicago, LLC | Added | $460.9k404.3k shares |
| JANE STREET GROUP, LLC | Added | $315.3k277.3k shares |
| Walleye Trading LLC | Added | $76.4k67.0k shares |
| Daiwa Securities Group Inc. | New | $16.0k13.9k shares |
| Traynor Capital Management, Inc. | Unchanged | $11.4k10.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 6 | $210.8k | — |
| Q3 2024 | 0 | — | 7 | $928.9k | — |
| Q4 2024 | 0 | — | 4 | $18.7k | — |
| Q1 2025 | 0 | — | 3 | $6.5k | — |
| Q2 2025 | 0 | — | 5 | $121.9k | — |
| Q3 2025 | 1 | $50.0k | 6 | $109.1k | — |
| Q4 2025 | 0 | — | 2 | $29.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-31 | Lazzarato David Angelo Director | Sold | $17.8k15.7k shares |
| 2025-12-31 | Yanofsky Theresa Director | Sold | $11.8k10.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| JANE STREET GROUP, LLC 0.01% of their portfolio | 7.4m $8.4m | Added +5.2m |
| Tidal Investments LLC 0.03% of their portfolio | 6.7m $7.7m | Added +1.9m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 5.1m $5.9m | Added +1.3m |
| Caitong International Asset Management Co., Ltd 1.28% of their portfolio | 4.6m $5.2m | Added +4.0m |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 4.2m $4.8m | Added +2.4m |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $2.4m | Added +388.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 2.0m $2.3m | Reduced -1.6m |
| Headlands Technologies LLC 0.09% of their portfolio | 987.8k $1.1m | Added +770.7k |
| BARCLAYS PLC 0.00% of their portfolio | 897.1k $1.0m | Added +880.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 780.4k $889.6k | Reduced -294.3k |
| Sullivan Wood Capital Management LLC 1.33% of their portfolio | 772.8k $881.0k | Added +525.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 704.4k $802.2k | Reduced -2.4m |
| SBI Securities Co., Ltd. 0.02% of their portfolio | 545.3k $621.7k | Reduced -39.4k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 487.7k $555.9k | New |
| SIG North Trading, ULC 0.09% of their portfolio | 465.5k $530.7k | Added +111.4k |
| Foundations Investment Advisors, LLC 0.01% of their portfolio | 425.0k $484.5k | New |
| SLT Holdings LLC 0.32% of their portfolio | 425.0k $484.5k | New |
| TD Asset Management Inc 0.00% of their portfolio | 422.9k $481.2k | Added +207.9k |
| Baader Bank Aktiengesellschaft 0.03% of their portfolio | 376.8k $361.8k | Added +101.8k |
| HRT FINANCIAL LP 0.00% of their portfolio | 355.5k $405.0k | Reduced -887.6k |
| UBS Group AG 0.00% of their portfolio | 334.4k $381.2k | Reduced -240.7k |
| AdvisorShares Investments LLC 0.06% of their portfolio | 313.5k $357.4k | Reduced -8.7k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 305.6k $354.0k | Added +193.6k |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 239.1k $272.5k | Added +164.0k |
| IMC-Chicago, LLC 0.00% of their portfolio | 189.9k $216.5k | New |
| Marathon Trading Investment Management LLC 0.02% of their portfolio | 111.1k $126.7k | Reduced -2.6k |
| State of Wyoming 0.01% of their portfolio | 105.1k $119.8k | New |
| LPL Financial LLC 0.00% of their portfolio | 102.6k $117.0k | Reduced -16.9k |
| Virtu Financial LLC 0.00% of their portfolio | 102.4k $117.0k | New |
| LAKE STREET PRIVATE WEALTH, LLC 0.01% of their portfolio | 90.3k $102.9k | Added +13.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 89.1k $101.4k | Added +5.4k |
| Midwest Trust Co 0.00% of their portfolio | 84.6k $96.5k | Added +63.5k |
| Engineers Gate Manager LP 0.00% of their portfolio | 83.8k $95.5k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 80.3k $91.0k | Reduced -364.4k |
| Leonteq Securities AG 0.01% of their portfolio | 75.2k $117.6k | Reduced -4.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 73.7k $84.1k | Added +13.8k |
| WINTON GROUP Ltd 0.00% of their portfolio | 55.3k $63.0k | New |
| Lauer Wealth, LLC 0.05% of their portfolio | 50.5k $65.1k | Unchanged |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 48.5k $55.3k | Reduced -16.5k |
| Scientech Research LLC 0.03% of their portfolio | 44.3k $50.5k | New |
| Genesee Capital Advisors, LLC 0.02% of their portfolio | 40.0k $45.7k | Unchanged |
| INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio | 38.5k $43.8k | Reduced -4.5k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 37.6k $42.8k | Added +14.2k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio | 30.0k $34.2k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 29.5k $33.5k | Reduced -692.4k |
| Focus Partners Wealth 0.00% of their portfolio | 28.8k $32.9k | New |
| PCG Wealth Advisors, LLC 0.01% of their portfolio | 28.4k $32.4k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 27.3k $32.3k | Reduced -19.5k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 26.6k $30.4k | Added +7.3k |
| Octavia Wealth Advisors, LLC 0.00% of their portfolio | 26.0k $29.7k | New |
| SCOTIA CAPITAL INC. 0.00% of their portfolio | 25.7k $29.2k | Reduced -226 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 25.2k $28.6k | Reduced -109.0k |
| INTEGRITY ALLIANCE, LLC. 0.00% of their portfolio | 23.4k $26.7k | Added +5.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 22.9k $26.1k | Reduced -21.0k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 22.3k $25.4k | Added +8.3k |
| Blueshift Asset Management, LLC 0.01% of their portfolio | 22.0k $25.1k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 21.1k $24.0k | Added +2.4k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 20.9k $23.8k | Added +5.8k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 19.4k $22.1k | Added +311 |
| Cetera Investment Advisers 0.00% of their portfolio | 18.7k $21.3k | Reduced -8.1k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 17.1k $19.5k | Reduced -206 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 16.0k $18.2k | Added +5.8k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 15.5k $17.6k | Reduced -3.4k |
| PFS Partners, LLC 0.01% of their portfolio | 15.3k $17.5k | Reduced -508 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 14.5k $16.5k | Added +230 |
| Impact Partnership Wealth, LLC 0.00% of their portfolio | 14.0k $16.0k | Unchanged |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 13.9k $15.0k | New |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 12.7k $14.4k | New |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 12.6k $14.4k | New |
| Private Advisor Group, LLC 0.00% of their portfolio | 11.6k $13.2k | Reduced -540 |
| Belpointe Asset Management LLC 0.00% of their portfolio | 11.4k $13.0k | Unchanged |
| GRANITE ISLANDS PRIVATE WEALTH, LLC 0.01% of their portfolio | 10.9k $12.4k | First filing |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 10.7k $12.2k | Reduced -76.4k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 10.2k $11.7k | Reduced -54 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 10.1k $11.5k | Unchanged |
| Lewis Asset Management, LLC 0.00% of their portfolio | 10.0k $11.5k | New |
| STEPHENS INC /AR/ 0.00% of their portfolio | 10.0k $11.5k | Unchanged |
| Aries Wealth Management 0.00% of their portfolio | 10.0k $11.4k | New |
| GREENBERG FINANCIAL GROUP 0.00% of their portfolio | 10.0k $11.4k | First filing |
| Kelman-Lazarov, Inc. 0.00% of their portfolio | 10.0k $11.4k | New |
| Vestmark Advisory Solutions, Inc. 0.00% of their portfolio | 10.0k $11.4k | Unchanged |
| ELEVATION POINT WEALTH PARTNERS, LLC 0.00% of their portfolio | 10.0k $11.4k | Reduced -64 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 6.5k $7.4k | Reduced -731 |
| Robertson Stephens Wealth Management, LLC 0.00% of their portfolio | 5.6k $6.4k | New |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 4.1k $4.7k | Reduced -59 |
| IFP Advisors, Inc 0.00% of their portfolio | 3.7k $4.2k | Added +13 |
| Belvedere Trading LLC 0.00% of their portfolio | 2.2k $2.5k | Added +26 |
| Arax Advisory Partners 0.00% of their portfolio | 2.1k $2.4k | Added +1.6k |
| MARK SHEPTOFF FINANCIAL PLANNING, LLC 0.00% of their portfolio | 2.0k $2.3k | New |
| MAI Capital Management 0.00% of their portfolio | 1.8k $2.1k | Reduced -64 |
| DV Trading LLC 0.00% of their portfolio | 1.7k $1.9k | First filing |
| Parallel Advisors, LLC 0.00% of their portfolio | 1.1k $1.2k | Reduced -5 |
| VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio | 1.0k $1.0k | New |
| Signature Equity Partners, LLC 0.00% of their portfolio | 945 $1.1k | First filing |
| Tripletail Wealth Management, LLC 0.00% of their portfolio | 900 $1.0k | New |
| GABLES CAPITAL MANAGEMENT INC. 0.00% of their portfolio | 855 $975 | Reduced -5.0k |
| Traynor Capital Management, Inc. 0.00% of their portfolio | 824 $939 | Reduced -134 |
| Activest Wealth Management 0.00% of their portfolio | 796 $907 | Unchanged |
| SHP Wealth Management 0.00% of their portfolio | 735 $838 | First filing |
| BlackRock, Inc. 0.00% of their portfolio | 735 $838 | Added +11 |