Canadian Solar

CSIQ • NASDAQ

Canadian Solar is a solar company in the energy sector on NASDAQ, led by Shawn (Xiaohua) Qu, with a market cap of $1.5B. As of Q3 2025, 37% of shares are held by 112 institutional investors, with MACKENZIE FINANCIAL CORP as the largest holder at 8.39%.

Chairman and Chief Executive OfficerShawn (Xiaohua) Qu

Market Cap$1.5B

Solar

Energy

Employees22.2K

Websitecanadiansolar.com

Overview

Overview of institutional ownership in CSIQ as of Q3 2025 with a market cap of $873.3M

All Institutions

Institutions: 112
Value Held: $327.2M
Shares Held: 25.1M
Avg Position: $2.9M
Median Position: $318.8K

Hedge Funds

Hedge Funds: 19
Value Held: $53.2M
Shares Held: 4.1M
Avg Position: $2.8M
Median Position: $761.1K

Ownership Breakdown

Institutional (non-HF)

31.38%

$274.0M

Hedge Funds

6.09%

$53.2M

Retail & Other

62.53%

$546.1M

Based on market cap of $873.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CSIQ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$73.3M 0.09% of portfolio	8.39% 5.6M shares	Q1 2021 Held for 4y 8m	$82.7B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$28.7M 0.00% of portfolio	3.29% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
L LEGAL & GENERAL GROUP PLC Institution	-	$26.7M 0.01% of portfolio	3.06% 2.1M shares	Q3 2018 Held for 7y 2m	$445.97B
SHAH CAPITAL MANAGEMENT Hedge Fund•Long/Short	Himanshu Harshad Shah President	$22.0M 3.93% of portfolio	2.52% 1.7M shares	Q3 2024 Held for 1y 2m	$559.0M
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$20.0M 0.00% of portfolio	2.30% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$13.2M 0.00% of portfolio	1.51% 1.0M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$11.5M 0.02% of portfolio	1.32% 885.2K shares	Q3 2025 Held for 2 months	$62.0B
B BlackRock, Inc. Institution	-	$11.1M 0.00% of portfolio	1.27% 849.2K shares	Q4 2015 Held for 9y 11m	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$10.2M 0.00% of portfolio	1.16% 779.7K shares	Q4 2013 Held for 11y 11m	$2.88T
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	$10.1M 0.02% of portfolio	1.17% 781.7K shares	Q2 2024 Held for 1y 5m	$61.8B

Net Capital Flow

Institutional buying and selling activity for CSIQ in Q3 2025

Traded: +$8.6M
Buyers: 58
Sellers: 54
Total Bought: +$75.2M
Total Sold: −$66.5M
Avg Position: $2.4M

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$13.2M +1.0M shares	$20.0M 1.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$11.5M +885.2K shares	$11.5M 885.2K shares
GOLDMAN SACHS GROUP INC Institution	+$7.5M +572.3K shares	$13.2M 1.0M shares
JPMORGAN CHASE & CO Institution	+$5.0M +385.4K shares	$7.5M 571.9K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$5.0M +384.0K shares	$5.0M 384.0K shares
Invesco Ltd. ETF Provider	+$4.7M +356.6K shares	$28.7M 2.2M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$3.6M +273.7K shares	$3.6M 273.7K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$3.5M +271.7K shares	$3.5M 271.7K shares
L LEGAL & GENERAL GROUP PLC Institution	+$3.1M +236.1K shares	$26.7M 2.1M shares
S SG Americas Securities, LLC Institution	+$2.7M +204.6K shares	$3.1M 236.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
VANGUARD GROUP INC Institution	−$21.5M −1.9M shares	Sold Off 0 shares
UBS Group AG Institution	−$13.5M −1.0M shares	$3.0M 233.6K shares
I IvyRock Asset Management Ltd Hedge Fund•Multi-Strategy	−$9.0M −817.3K shares	Sold Off 0 shares
G Greenwoods Asset Management Hong Kong Ltd. Institution	−$3.7M −335.2K shares	Sold Off 0 shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$3.5M −265.4K shares	$73.3M 5.6M shares
SHAH CAPITAL MANAGEMENT Hedge Fund•Long/Short	−$2.5M −194.6K shares	$22.0M 1.7M shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	−$1.8M −137.4K shares	$1.4M 106.0K shares
D DnB Asset Management AS Institution	−$1.6M −125.7K shares	$5.2M 397.9K shares
BANK OF AMERICA CORP /DE/ Institution	−$1.1M −82.8K shares	$1.9M 142.6K shares
D D. E. Shaw & Co., Inc. Institution	−$1.0M −80.3K shares	$6.9M 526.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CSIQ in Q3 2025

New Positions: 4
New Value: $1.6M
Exited Positions: 23
Exited Value: $38.2M

New Positions

Institution	Position Value
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$761.1K 58.4K shares
B Brevan Howard Capital Management LP Institution	$342.2K 26.2K shares
S SPX Equities Gestao de Recursos Ltda Institution	$286.9K 22.0K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$173.7K 13.3K shares

Exited Positions

Institution	Previous Position
VANGUARD GROUP INC Institution	$21.5M 1.9M shares
I IvyRock Asset Management Ltd Hedge Fund•Multi-Strategy	$9.0M 817.3K shares
G Greenwoods Asset Management Hong Kong Ltd. Institution	$3.7M 335.2K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$790.2K 71.6K shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	$695.3K 63.0K shares
Engineers Gate Manager LP Hedge Fund•Quant	$543.4K 49.2K shares
Mach-1 Financial Group, Inc. RIA/Wealth	$331.2K 30.0K shares
A Arkhouse Management Co. LP Institution	$278.2K 25.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$254.0K 23.0K shares
S SIMPLEX TRADING, LLC Institution	$237.6K 21.5K shares

Options Activity

Institutions with the largest Call and Put options positions in CSIQ as of Q3 2025

Call Positions: 8
Call Value: $25.4M
Put Positions: 15
Put Value: $22.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$9.7M 7.4K contracts
D D. E. Shaw & Co., Inc. Institution	$6.5M 5.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.8M 3.7K contracts
J JANE STREET GROUP, LLC Institution	$1.6M 1.2K contracts
P PEAK6 LLC Institution	$1.4M 1.1K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.2M 897.0 contracts
Walleye Trading LLC RIA/Wealth	$288.2K 221.0 contracts
C Cubist Systematic Strategies, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.6M 4.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.6M 3.5K contracts
P PEAK6 LLC Institution	$4.6M 3.5K contracts
G Greenland Capital Management LP Hedge Fund•Multi-Strategy	$2.8M 2.1K contracts
D D. E. Shaw & Co., Inc. Institution	$1.2M 892.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.1M 826.0 contracts
J JANE STREET GROUP, LLC Institution	$803.3K 616.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$747.2K 573.0 contracts
Walleye Trading LLC RIA/Wealth	$519.0K 398.0 contracts
C CSS LLC/IL Institution	$359.9K 276.0 contracts

Most Committed Institutions

Institutions with CSIQ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SHAH CAPITAL MANAGEMENT Hedge Fund•Long/Short	Himanshu Harshad Shah President	3.93% $22.0M	2.52% 1.7M shares	Q3 2024 Held for 1y 2m	$559.0M
U USCF Advisers LLC Institution	John Parish Love CEO	3.33% $32.6K	0.00% 2.5K shares	Q3 2023 Held for 2y 2m	$977.5K
R ROBOTTI ROBERT Institution	-	1.06% $6.2M	0.71% 476.3K shares	Q2 2020 Held for 5y 5m	$585.9M
Green Alpha Advisors, LLC Long Only Manager	Garvin Frederic Jabusch Founder	0.49% $505.4K	0.06% 38.8K shares	Q4 2020 Held for 4y 11m	$103.4M
W Waterfront Wealth Inc. RIA/Wealth	Roger Carter Ratzlaff CEO	0.48% $2.3M	0.25% 164.4K shares	Q4 2020 Held for 4y 11m	$486.1M
B Byrne Asset Management LLC RIA/Wealth	Brendan Thomas Byrne Managing Partner	0.38% $583.0K	0.07% 44.7K shares	Q2 2025 Held for 5 months	$154.4M
Templeton & Phillips Capital Management, LLC Hedge Fund•Long/Short	Lauren Cortney Templeton Managing Partner	0.20% $277.1K	0.03% 21.3K shares	Q3 2024 Held for 1y 2m	$139.0M
C CoreCommodity Management, LLC Hedge Fund•Global Macro	Bradford L Klein President	0.17% $958.5K	0.11% 73.5K shares	Q4 2022 Held for 2y 11m	$551.0M
G Guinness Atkinson Asset Management Inc Institution	James Joseph Atkinson CEO	0.15% $307.1K	0.04% 23.8K shares	Q3 2014 Held for 11y 2m	$210.5M
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	0.09% $73.3M	8.39% 5.6M shares	Q1 2021 Held for 4y 8m	$82.7B

Hedge Fund Spotlight

Discover hedge funds investing in CSIQ

Squarepoint Ops LLC

Hedge Fund • Quant

Portfolio ManagerMichael Gottlieb

Portfolio Value: $46.9B
Positions: 2,529
Last Reported: Q3 2025

Sector Allocation

Position in Canadian Solar

Market Value: $480.2K
Shares Held: 36.8K
Portfolio Weight: 0.00%
Owned Since: 2021-Q3

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3 Nvidia NVDA	Semiconductors Technology	$935.8M	2.00%