Bank Of America Corp /de/ reports 55.91% decrease in ownership of CGC / Canopy Growth Corporation

August 14, 2020 - Bank Of America Corp /de/ has filed a 13F-HR form disclosing ownership of 611,608 shares of Canopy Growth Corporation (US:CGC) with total holdings valued at $9,883,000 USD as of June 30, 2020. Bank Of America Corp /de/ had filed a previous 13F-HR on May 15, 2020 disclosing 1,387,246 shares of Canopy Growth Corporation at a value of $20,003,000 USD. This represents a change in shares of -55.91 percent and a change in value of -50.59 percent during the quarter.

Bank Of America Corp /de/ has a history of taking positions in derivatives of the underlying security (CGC) in the form of stock options. The firm currently holds 0 call options valued at $0 USD and 150,000 put options valued at $2,424,000 USD .

Other investors with positions similar to Bank Of America Corp /de/ include Vanguard Group Inc, and Barclays Plc.

13F Filings The Security, Class, and ID columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and CUSIPs. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value. Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero. Upgrade to unlock premium data and export to Excel .

Put/Call Ratio (Premium Subscription Required) In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument. Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.

Disclosed Call Options Effective

Date Form Security Class ID Opt Avg Share Price Shares Shares Changed

(%) Value

(x1000) Value Changed

(%) Allocation

(%) Cost Basis

(x1000) Profit

(x1000) Return

(%) 2020-03-31 13F CANOPY GROWTH OPTIONS 138035100 Call 0 -100.00 0 -100.00 0.00 2019-12-31 13F CANOPY GROWTH OPTIONS 138035100 Call 2019-09-30 13F CANOPY GROWTH OPTIONS 138035100 Call 2019-06-30 13F CANOPY GROWTH OPTIONS 138035100 Call 2019-03-31 13F CANOPY GROWTH OPTIONS 138035100 Call

Disclosed Put Options Effective

Date Form Security Class ID Opt Avg Share Price Shares Shares Changed

(%) Value

(x1000) Value Changed

(%) Allocation

(%) Cost Basis

(x1000) Profit

(x1000) Return

(%) 2020-06-30 13F CANOPY GROWTH COM 138035100 Put 150,000 -80.00 2,424 -77.59 0.00 2020-03-31 13F CANOPY GROWTH COM 138035100 Put 2019-12-31 13F CANOPY GROWTH OPTIONS 138035100 Put 2019-09-30 13F CANOPY GROWTH OPTIONS 138035100 Put 2019-06-30 13F CANOPY GROWTH OPTIONS 138035100 Put 2019-03-31 13F CANOPY GROWTH OPTIONS 138035100 Put

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