Argan
194 hedge funds and large institutions have $881M invested in Argan in 2017 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 77 increasing their positions, 69 reducing their positions, and 37 closing their positions.
1,461% more call options, than puts
Call options by funds: $21.8M | Put options by funds: $1.4M
12% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 69
3.93% more ownership
Funds ownership: 83.09% → 87.02% (+3.9%)
2% less capital invested
Capital invested by funds: $896M → $881M (-$14.5M)
9% less funds holding
Funds holding: 213 → 194 (-19)
35% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 37
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$59M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$45.1M |
| 3 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$13.5M |
| 4 |
Renaissance Technologies
New York
|
+$11.3M |
| 5 |
JG
Jefferies Group
New York
|
+$9.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$8.15M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$7.05M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$5.26M |
| 4 |
MC
Menta Capital
San Francisco,
California
|
-$4.25M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$3.99M |
AGX Hedge Fund Activity: Q1 2017 in Review
194 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q1 2017, worth a combined $881M — down 1.6% from $896M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of AGX and 24 opened new positions — a net loss of 13 holders — while 69 trimmed existing stakes and 77 added.
The largest buyer was BlackRock, adding an estimated $59M. The largest seller was Ashford Capital Management, cutting an estimated $8.15M.
- 194 institutional investors held Argan (AGX) as of Q1 2017, down from 213 in Q4 2016.
- Funds reported $881M of Argan stock for Q1 2017, down 1.6% quarter-over-quarter.
- 24 funds opened new Argan positions in Q1 2017 and 37 closed out, a net change of -13 holders.
- The largest Argan buyer in Q1 2017 was BlackRock, an estimated $59M added.
- The largest Argan seller in Q1 2017 was Ashford Capital Management, an estimated $8.15M sold.
Based on aggregated 13F filings for Q1 2017.