Argan
128 hedge funds and large institutions have $417M invested in Argan in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 46 reducing their positions, and 12 closing their positions.
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
3% more funds holding
Funds holding: 124 → 128 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 46
1.3% less ownership
Funds ownership: 80.21% → 78.91% (-1.3%)
5% less capital invested
Capital invested by funds: $441M → $417M (-$23.8M)
13% less call options, than puts
Call options by funds: $481K | Put options by funds: $556K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$11.3M |
| 2 |
LCM
Legato Capital Management
San Francisco,
California
|
+$1.96M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$1.59M |
| 4 |
RA
Royce & Associates
New York
|
+$1.38M |
| 5 |
Millennium Management
New York
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$10.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.76M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$3.31M |
| 4 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$2.99M |
| 5 |
State Street
Boston,
Massachusetts
|
-$2.8M |
AGX Hedge Fund Activity: Q2 2023 in Review
128 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q2 2023, worth a combined $417M — down 5.4% from $441M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new AGX positions and 12 closed out — a net gain of 5 holders — while 43 added to existing stakes and 46 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $11.3M. The largest seller was JP Morgan Chase, cutting an estimated $10.6M.
- 128 institutional investors held Argan (AGX) as of Q2 2023, up from 124 in Q1 2023.
- Funds reported $417M of Argan stock for Q2 2023, down 5.4% quarter-over-quarter.
- 17 funds opened new Argan positions in Q2 2023 and 12 closed out, a net change of +5 holders.
- The largest Argan buyer in Q2 2023 was Wellington Management Group, an estimated $11.3M added.
- The largest Argan seller in Q2 2023 was JP Morgan Chase, an estimated $10.6M sold.
Based on aggregated 13F filings for Q2 2023.