Argan
148 hedge funds and large institutions have $495M invested in Argan in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 48 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
15% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 48
6% more funds holding
Funds holding: 139 → 148 (+9)
1.17% more ownership
Funds ownership: 78.16% → 79.33% (+1.2%)
4% more capital invested
Capital invested by funds: $474M → $495M (+$20.9M)
83% less call options, than puts
Call options by funds: $697K | Put options by funds: $4.04M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$6.52M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$5.49M |
| 3 |
BlackRock
New York
|
+$4.91M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.59M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$4.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$17M |
| 2 |
JP Morgan Chase
New York
|
-$7M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.76M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.36M |
| 5 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
-$1.6M |
AGX Hedge Fund Activity: Q4 2023 in Review
148 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Argan (AGX) for Q4 2023, worth a combined $495M — up 4.4% from $474M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new AGX positions and 13 closed out — a net gain of 10 holders — while 55 added to existing stakes and 48 trimmed.
The largest buyer was Millennium Management, adding an estimated $6.52M. The largest seller was River Road Asset Management, cutting an estimated $17M.
- 148 institutional investors held Argan (AGX) as of Q4 2023, up from 139 in Q3 2023.
- Funds reported $495M of Argan stock for Q4 2023, up 4.4% quarter-over-quarter.
- 23 funds opened new Argan positions in Q4 2023 and 13 closed out, a net change of +10 holders.
- The largest Argan buyer in Q4 2023 was Millennium Management, an estimated $6.52M added.
- The largest Argan seller in Q4 2023 was River Road Asset Management, an estimated $17M sold.
Based on aggregated 13F filings for Q4 2023.