Argan
106 hedge funds and large institutions have $473M invested in Argan in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 41 increasing their positions, 41 reducing their positions, and 16 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
0% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 41
0.71% less ownership
Funds ownership: 88.26% → 87.55% (-0.71%)
9% less funds holding
Funds holding: 117 → 106 (-11)
15% less capital invested
Capital invested by funds: $554M → $473M (-$80.7M)
24% less call options, than puts
Call options by funds: $380K | Put options by funds: $498K
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$30.9M |
| 2 |
BCM
Brightlight Capital Management
Westport,
Connecticut
|
+$4.84M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$4.21M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$2.51M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$2.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$12.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.23M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.53M |
| 4 |
Renaissance Technologies
New York
|
-$4.11M |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$3.17M |
AGX Hedge Fund Activity: Q1 2020 in Review
106 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q1 2020, worth a combined $473M — down 15% from $554M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of AGX and 7 opened new positions — a net loss of 9 holders — while 41 trimmed existing stakes and 41 added.
The largest buyer was Park West Asset Management, opening a new position worth an estimated $30.9M. The largest seller was Royce & Associates, cutting an estimated $12.5M.
- 106 institutional investors held Argan (AGX) as of Q1 2020, down from 117 in Q4 2019.
- Funds reported $473M of Argan stock for Q1 2020, down 15% quarter-over-quarter.
- 7 funds opened new Argan positions in Q1 2020 and 16 closed out, a net change of -9 holders.
- The largest Argan buyer in Q1 2020 was Park West Asset Management, an estimated $30.9M added.
- The largest Argan seller in Q1 2020 was Royce & Associates, an estimated $12.5M sold.
Based on aggregated 13F filings for Q1 2020.