Argan
128 hedge funds and large institutions have $671M invested in Argan in 2019 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 46 reducing their positions, and 23 closing their positions.
34% more capital invested
Capital invested by funds: $500M → $671M (+$171M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
1.44% more ownership
Funds ownership: 84.85% → 86.29% (+1.4%)
4% less funds holding
Funds holding: 133 → 128 (-5)
13% less call options, than puts
Call options by funds: $2.83M | Put options by funds: $3.24M
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
20% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$17.5M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$8.55M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$7.54M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$5.92M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$4.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$11.6M |
| 2 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$6.84M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$4.04M |
| 4 |
CEI
Clark Estates Inc
New York
|
-$3.28M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.83M |
AGX Hedge Fund Activity: Q1 2019 in Review
128 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q1 2019, worth a combined $671M — up 34% from $500M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of AGX and 19 opened new positions — a net loss of 4 holders — while 46 trimmed existing stakes and 37 added.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $17.5M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $11.6M sold.
- 128 institutional investors held Argan (AGX) as of Q1 2019, down from 133 in Q4 2018.
- Funds reported $671M of Argan stock for Q1 2019, up 34% quarter-over-quarter.
- 19 funds opened new Argan positions in Q1 2019 and 23 closed out, a net change of -4 holders.
- The largest Argan buyer in Q1 2019 was William Blair Investment Management, an estimated $17.5M added.
- The largest Argan seller in Q1 2019 was Allianz Asset Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2019.