Argan
149 hedge funds and large institutions have $486M invested in Argan in 2018 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 51 reducing their positions, and 37 closing their positions.
133% more funds holding in top 10
Funds holding in top 10: 3 → 7 (+4)
6% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 51
1.82% less ownership
Funds ownership: 78.08% → 76.26% (-1.8%)
7% less capital invested
Capital invested by funds: $521M → $486M (-$35.2M)
9% less funds holding
Funds holding: 164 → 149 (-15)
38% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 37
82% less call options, than puts
Call options by funds: $1.34M | Put options by funds: $7.62M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$15.8M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$13.6M |
| 3 |
RA
Royce & Associates
New York
|
+$9.5M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.64M |
| 5 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$4.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$18.3M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$11M |
| 3 |
Millennium Management
New York
|
-$9M |
| 4 |
Man Group
London,
United Kingdom
|
-$6.59M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$5.33M |
AGX Hedge Fund Activity: Q2 2018 in Review
149 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q2 2018, worth a combined $486M — down 6.8% from $521M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of AGX and 23 opened new positions — a net loss of 14 holders — while 51 trimmed existing stakes and 48 added.
The largest buyer was Hawk Ridge Capital Management, opening a new position worth an estimated $15.8M. The largest seller was Fidelity Investments, cutting an estimated $18.3M.
- 149 institutional investors held Argan (AGX) as of Q2 2018, down from 164 in Q1 2018.
- Funds reported $486M of Argan stock for Q2 2018, down 6.8% quarter-over-quarter.
- 23 funds opened new Argan positions in Q2 2018 and 37 closed out, a net change of -14 holders.
- The largest Argan buyer in Q2 2018 was Hawk Ridge Capital Management, an estimated $15.8M added.
- The largest Argan seller in Q2 2018 was Fidelity Investments, an estimated $18.3M sold.
Based on aggregated 13F filings for Q2 2018.