Argan
124 hedge funds and large institutions have $441M invested in Argan in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 45 reducing their positions, and 12 closing their positions.
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
17% more capital invested
Capital invested by funds: $378M → $441M (+$62.8M)
6% more funds holding
Funds holding: 117 → 124 (+7)
4.75% more ownership
Funds ownership: 75.46% → 80.21% (+4.7%)
16% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 45
29% less call options, than puts
Call options by funds: $846K | Put options by funds: $1.19M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.65M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$2.51M |
| 3 |
RA
Royce & Associates
New York
|
+$1.94M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$1.21M |
| 5 |
CWA
CM Wealth Advisors
Beachwood,
Ohio
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.16M |
| 2 |
ACM
Azarias Capital Management
Berwyn,
Pennsylvania
|
-$2.09M |
| 3 |
ETM
Euclidean Technologies Management
Seattle,
Washington
|
-$2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.19M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$1.16M |
AGX Hedge Fund Activity: Q1 2023 in Review
124 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q1 2023, worth a combined $441M — up 17% from $378M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new AGX positions and 12 closed out — a net gain of 8 holders — while 38 added to existing stakes and 45 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $4.65M. The largest seller was Fidelity Investments, cutting an estimated $9.16M.
- 124 institutional investors held Argan (AGX) as of Q1 2023, up from 117 in Q4 2022.
- Funds reported $441M of Argan stock for Q1 2023, up 17% quarter-over-quarter.
- 20 funds opened new Argan positions in Q1 2023 and 12 closed out, a net change of +8 holders.
- The largest Argan buyer in Q1 2023 was Wellington Management Group, an estimated $4.65M added.
- The largest Argan seller in Q1 2023 was Fidelity Investments, an estimated $9.16M sold.
Based on aggregated 13F filings for Q1 2023.