Argan
75 hedge funds and large institutions have $178M invested in Argan in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 37 reducing their positions, and 28 closing their positions.
8,200% more call options, than puts
Call options by funds: $332K | Put options by funds: $4K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
16% more capital invested
Capital invested by funds: $154M → $178M (+$24M)
12.73% less ownership
Funds ownership: 70.51% → 57.77% (-13%)
23% less funds holding
Funds holding: 98 → 75 (-23)
35% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 37
82% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$4.99M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$1.97M |
| 3 |
HCM
Huber Capital Management
El Segundo,
California
|
+$1.57M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$841K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$748K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$7.83M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$3.35M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.73M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$2.59M |
| 5 |
QBFM
QS Batterymarch Financial Management
New York
|
-$2.47M |
AGX Hedge Fund Activity: Q3 2013 in Review
75 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q3 2013, worth a combined $178M — up 16% from $154M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of AGX and 5 opened new positions — a net loss of 23 holders — while 37 trimmed existing stakes and 24 added.
The largest buyer was Systematic Financial Management, adding an estimated $4.99M. The largest seller was Ashford Capital Management, exiting entirely with an estimated $7.83M sold.
- 75 institutional investors held Argan (AGX) as of Q3 2013, down from 98 in Q2 2013.
- Funds reported $178M of Argan stock for Q3 2013, up 16% quarter-over-quarter.
- 5 funds opened new Argan positions in Q3 2013 and 28 closed out, a net change of -23 holders.
- The largest Argan buyer in Q3 2013 was Systematic Financial Management, an estimated $4.99M added.
- The largest Argan seller in Q3 2013 was Ashford Capital Management, an estimated $7.83M sold.
Based on aggregated 13F filings for Q3 2013.