Mangrove Partners IM LLC Increases Stake in CG Oncology

Institutional investor boosts holding in clinical-stage biotech company

Mar. 14, 2026 at 10:56am

Mangrove Partners IM LLC, an institutional investor, increased its stake in CG Oncology, Inc. (NASDAQ:CGON) by 21% during the third quarter. The firm now owns 671,692 shares, or 0.88% of the clinical-stage biopharmaceutical company focused on antibody-based cancer immunotherapies.

Why it matters

CG Oncology's stock has seen significant gains over the past year as the company advances its pipeline of novel cancer treatments. Mangrove Partners' increased investment signals confidence in the company's prospects and potential for future growth.

The details

According to a regulatory filing, Mangrove Partners IM LLC purchased an additional 116,575 shares of CG Oncology during the third quarter, bringing its total holding to 671,692 shares. This represents approximately 2.3% of Mangrove's total investment portfolio.

  • Mangrove Partners IM LLC increased its CG Oncology stake during the third quarter of 2025.

The players

Mangrove Partners IM LLC

An institutional investment firm that manages a portfolio of public and private equity investments.

CG Oncology, Inc.

A clinical-stage biopharmaceutical company focused on developing antibody-based immunotherapies for solid tumor cancers.

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The takeaway

Mangrove Partners' increased stake in CG Oncology suggests the investment firm sees significant potential in the biotech company's pipeline of novel cancer treatments. This vote of confidence from a major institutional investor could signal positive momentum for CG Oncology as it continues advancing its clinical programs.