Cannabis ETF Analysis: Cannabis Stocks with highest % of Market Cap Owned by 5 Large Cannabis ETFs
Updated: Jul 13, 2022
Sequere pecuniam [Latin]
Follow the money
This analysis of ETF ownership of cannabis stocks is a factor contributing to the stocks ranked as best cannabis stocks in the Best Cannabis Stocks Analysis. The analysis uses the holdings data of five Cannabis ETFs, available in the links below.
AdvisorShares Pure US Cannabis ETF (Ticker MSOS)
ETFMG Alternative Harvest ETF (Ticker MJ)
AdvisorShares Pure Cannabis ETF (Ticker YOLO)
Amplify Seymour Cannabis ETF (Ticker CNBS)
The Cannabis ETF (Ticker THCX)
AdvisorShares MSOS and ETFMG MJ are two of the largest Cannabis ETFs globally, measured in terms of Assets Under Management (AUM). Combined with YOLO, CNBS and THCX, the five ETFs account for 80%+ of Cannabis ETF AUM.
The analysis is built using the largest Cannabis ETFs listed in the VettaFi Marijuana ETF List. Five of the six largest ETFs listed have been included. The Global X Cannabis ETF (Ticker: POTX) was excluded because the holdings data file stated "The information contained herein may not be reproduced, redistributed or used to create any derivative works".
The following table shows ETF ownership details for the 15 Cannabis Stocks analyzed in the Best Cannabis Stocks Analysis.
The table shows the number of shares owned by the five ETFs and the combined ownership. These are then sorted by highest % of Market Cap Owned by the ETFs.
As explained in the Best Cannabis Stocks Analysis, this analysis was designed to identify which stocks would benefit the most when funds flow into a sector (i.e. sector rotation), not just into individual stocks but also into ETFs. The metric identified as most relevant to sector rotation is the % of the company’s market cap held by the ETFs. The ones with higher ownership % by the ETFs will benefit disproportionately higher when funds flow into the sector. Points were awarded based on % of market cap owned by the ETFs.
The five ETFs listed are well worth due diligence for any investor considering investing in Cannabis ETFs. The following are charts from TradingView that can be clicked on for more detailed charts and data.
This analysis and the table included will be updated on a regular basis and the relative rankings are expected to change based on company market caps and changes in the ETFs' holdings. The ANALYSIS category of this blog has the other analyses incorporated into the Best Cannabis Stocks analysis. I also recommend reviewing the MSOS ETF Analysis: Data Driven Analysis of Top Stocks Using ETF Ownership and Changes in Holdings page and the MJ Analysis: Data Driven Analysis of Top Stocks Using ETF Ownership and Changes in Holdings page.
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Disclosure: I (username Adastra) am an investor not a trader. I am bullish on the Cannabis sector as a long-term investment (2025 and beyond), provided stocks/ETFs are carefully picked based on data-driven due diligence. Of the 15 stocks covered in the Best Cannabis Stocks analysis, I own only High Tide, which I am holding as a long-term investment. But my analysis indicates (without any guarantees) that there is a potential for impressive gains in investing in the stocks best ranked in the analysis, including WM Technology, Trulieve, Curaleaf and any other stocks that will have a dedicated page. I reserve the right to buy or sell at any time any of the stocks mentioned in this blog. I do not short stocks and never will short any stock in a company that makes the world a better place. I do not have insider knowledge of any company covered in this blog. All data used for analysis is from public sources. I have received (as of last update date of this page) ZERO funding for this blog from any of the companies featured in this blog.