Argan
118 hedge funds and large institutions have $620M invested in Argan in 2020 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 39 increasing their positions, 37 reducing their positions, and 8 closing their positions.
240% more call options, than puts
Call options by funds: $1.32M | Put options by funds: $389K
163% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 8
31% more capital invested
Capital invested by funds: $473M → $620M (+$147M)
11% more funds holding
Funds holding: 106 → 118 (+12)
5% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 37
3.92% less ownership
Funds ownership: 87.56% → 83.64% (-3.9%)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$24.2M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$8.07M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.95M |
| 4 |
JGUA
John G. Ullman & Associates
Corning,
New York
|
+$3.97M |
| 5 |
Renaissance Technologies
New York
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$32.3M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$25.8M |
| 3 |
BCM
Brightlight Capital Management
Westport,
Connecticut
|
-$8.66M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$4.16M |
| 5 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$4.02M |
AGX Hedge Fund Activity: Q2 2020 in Review
118 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q2 2020, worth a combined $620M — up 31% from $473M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new AGX positions and 8 closed out — a net gain of 13 holders — while 39 added to existing stakes and 37 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $24.2M. The largest seller was Fidelity Investments, cutting an estimated $32.3M.
- 118 institutional investors held Argan (AGX) as of Q2 2020, up from 106 in Q1 2020.
- Funds reported $620M of Argan stock for Q2 2020, up 31% quarter-over-quarter.
- 21 funds opened new Argan positions in Q2 2020 and 8 closed out, a net change of +13 holders.
- The largest Argan buyer in Q2 2020 was JP Morgan Chase, an estimated $24.2M added.
- The largest Argan seller in Q2 2020 was Fidelity Investments, an estimated $32.3M sold.
Based on aggregated 13F filings for Q2 2020.