Argan
173 hedge funds and large institutions have $737M invested in Argan in 2016 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 47 increasing their positions, 61 reducing their positions, and 13 closing their positions.
285% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 13
60% more capital invested
Capital invested by funds: $462M → $737M (+$275M)
27% more funds holding
Funds holding: 136 → 173 (+37)
8.37% more ownership
Funds ownership: 74.51% → 82.88% (+8.4%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
23% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
+$22.5M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$20.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$15M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$10.1M |
| 5 |
Renaissance Technologies
New York
|
+$8.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$16.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$14.6M |
| 3 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$10.4M |
| 4 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$9.37M |
| 5 |
HCM
Huber Capital Management
El Segundo,
California
|
-$8.89M |
AGX Hedge Fund Activity: Q3 2016 in Review
173 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q3 2016, worth a combined $737M — up 60% from $462M a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new AGX positions and 13 closed out — a net gain of 37 holders — while 47 added to existing stakes and 61 trimmed.
The largest buyer was Copper Rock Capital Partners, opening a new position worth an estimated $22.5M. The largest seller was Ashford Capital Management, cutting an estimated $16.2M.
- 173 institutional investors held Argan (AGX) as of Q3 2016, up from 136 in Q2 2016.
- Funds reported $737M of Argan stock for Q3 2016, up 60% quarter-over-quarter.
- 50 funds opened new Argan positions in Q3 2016 and 13 closed out, a net change of +37 holders.
- The largest Argan buyer in Q3 2016 was Copper Rock Capital Partners, an estimated $22.5M added.
- The largest Argan seller in Q3 2016 was Ashford Capital Management, an estimated $16.2M sold.
Based on aggregated 13F filings for Q3 2016.