Argan
116 hedge funds and large institutions have $540M invested in Argan in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 49 increasing their positions, 32 reducing their positions, and 12 closing their positions.
185% more call options, than puts
Call options by funds: $682K | Put options by funds: $239K
53% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 32
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
3.17% more ownership
Funds ownership: 85.25% → 88.42% (+3.2%)
1% more capital invested
Capital invested by funds: $536M → $540M (+$4.05M)
2% less funds holding
Funds holding: 118 → 116 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
Top Buyers
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$15.5M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$12.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.62M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.52M |
| 5 |
BlackRock
New York
|
+$3.28M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -100 | Closed |
|
|
RBC
127
Roble Belko & Company
Sewickley,
Pennsylvania
| – | -$2K | -55 | Closed |
|
128
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -24 | Closed |
|
AGX Hedge Fund Activity: Q3 2019 in Review
116 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q3 2019, worth a combined $540M — up 0.75% from $536M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of AGX and 10 opened new positions — a net loss of 2 holders — while 32 trimmed existing stakes and 49 added.
The largest buyer was Russell Investments Group, adding an estimated $15.5M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $8.03M sold.
- 116 institutional investors held Argan (AGX) as of Q3 2019, down from 118 in Q2 2019.
- Funds reported $540M of Argan stock for Q3 2019, up 0.75% quarter-over-quarter.
- 10 funds opened new Argan positions in Q3 2019 and 12 closed out, a net change of -2 holders.
- The largest Argan buyer in Q3 2019 was Russell Investments Group, an estimated $15.5M added.
- The largest Argan seller in Q3 2019 was Driehaus Capital Management, an estimated $8.03M sold.
Based on aggregated 13F filings for Q3 2019.