Argan
128 hedge funds and large institutions have $384M invested in Argan in 2016 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 48 reducing their positions, and 33 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
4% more capital invested
Capital invested by funds: $370M → $384M (+$14.1M)
4% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 48
1.96% less ownership
Funds ownership: 77.04% → 75.08% (-2%)
15% less funds holding
Funds holding: 150 → 128 (-22)
58% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 33
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $5.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$8.99M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$5.61M |
| 3 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$5.56M |
| 4 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$5.55M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$4.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$10.2M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$6.41M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$3.54M |
| 4 |
HCM
Huber Capital Management
El Segundo,
California
|
-$3.08M |
| 5 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$2.82M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HIM
151
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$58K | -1,800 | Closed |
|
152
Victory Capital Management
San Antonio,
Texas
| – | -$54K | -1,674 | Closed |
|
153
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$36K | -1,100 | Closed |
|
154
Creative Planning
Overland Park,
Kansas
| – | -$22K | -685 | Closed |
|
|
TF
155
Tompkins Financial
Ithaca,
New York
| – | -$19K | -600 | Closed |
|
|
CAW
156
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$16K | -509 | Closed |
|
|
NFG
157
Next Financial Group
Houston,
Texas
| – | -$6K | -203 | Closed |
|
|
TDC
158
Thompson Davis & Co
Richmond,
Virginia
| – | -$4K | -125 | Closed |
|
|
AF
159
Arrow Financial
Glens Falls,
New York
| – | -$1K | -34 | Closed |
|
|
IA
160
IFP Advisors
Tampa,
Florida
| – | +$157 | +5 | New |
|
161
SEI Investments
Oaks,
Pennsylvania
| – | +$157 | +5 | New |
|
AGX Hedge Fund Activity: Q1 2016 in Review
128 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q1 2016, worth a combined $384M — up 3.8% from $370M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of AGX and 14 opened new positions — a net loss of 19 holders — while 48 trimmed existing stakes and 46 added.
The largest buyer was Wells Fargo, adding an estimated $8.99M. The largest seller was Acadian Asset Management, exiting entirely with an estimated $10.2M sold.
- 128 institutional investors held Argan (AGX) as of Q1 2016, down from 150 in Q4 2015.
- Funds reported $384M of Argan stock for Q1 2016, up 3.8% quarter-over-quarter.
- 14 funds opened new Argan positions in Q1 2016 and 33 closed out, a net change of -19 holders.
- The largest Argan buyer in Q1 2016 was Wells Fargo, an estimated $8.99M added.
- The largest Argan seller in Q1 2016 was Acadian Asset Management, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2016.