Argan
131 hedge funds and large institutions have $365M invested in Argan in 2014 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 47 reducing their positions, and 17 closing their positions.
24% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 17
3% more funds holding
Funds holding: 127 → 131 (+4)
0.3% more ownership
Funds ownership: 75.44% → 75.73% (+0.3%)
2% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 47
10% less capital invested
Capital invested by funds: $404M → $365M (-$39.2M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $120K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
+$14M |
| 2 |
JP Morgan Chase
New York
|
+$8.92M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$6.59M |
| 4 |
Renaissance Technologies
New York
|
+$6.58M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$4.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
-$9.84M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.31M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$7.02M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.33M |
| 5 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$5.71M |
AGX Hedge Fund Activity: Q3 2014 in Review
131 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q3 2014, worth a combined $365M — down 9.7% from $404M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new AGX positions and 17 closed out — a net gain of 4 holders — while 46 added to existing stakes and 47 trimmed.
The largest buyer was Copper Rock Capital Partners, opening a new position worth an estimated $14M. The largest seller was Opus Capital Group, cutting an estimated $9.84M.
- 131 institutional investors held Argan (AGX) as of Q3 2014, up from 127 in Q2 2014.
- Funds reported $365M of Argan stock for Q3 2014, down 9.7% quarter-over-quarter.
- 21 funds opened new Argan positions in Q3 2014 and 17 closed out, a net change of +4 holders.
- The largest Argan buyer in Q3 2014 was Copper Rock Capital Partners, an estimated $14M added.
- The largest Argan seller in Q3 2014 was Opus Capital Group, an estimated $9.84M sold.
Based on aggregated 13F filings for Q3 2014.