Argan

AGX • NYSE

Argan is a engineering & construction company in the industrials sector on NYSE, led by David Hibbert Watson, with a market cap of $4.6B. As of Q3 2025, 93% of shares are held by 380 institutional investors, with BlackRock, Inc. as the largest holder at 8.29%.

CEODavid Hibbert Watson

Market Cap$4.6B

Engineering & Construction

Industrials

Employees1.2K

Websitearganinc.com

Country

United States of America

Overview

Overview of institutional ownership in AGX as of Q3 2025 with a market cap of $3.7B

All Institutions

Institutions: 380
Value Held: $3.5B
Shares Held: 12.9M
Avg Position: $9.1M
Median Position: $944.8K

Hedge Funds

Hedge Funds: 45
Value Held: $755.7M
Shares Held: 2.8M
Avg Position: $16.8M
Median Position: $5.0M

Ownership Breakdown

Institutional (non-HF)

72.95%

$2.7B

Hedge Funds

20.26%

$755.7M

Retail & Other

6.79%

$253.3M

Based on market cap of $3.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AGX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BlackRock, Inc. Institution	Laurence D. Fink CEO	$309.2M 0.01% of portfolio	8.29% 1.1M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$222.6M 0.00% of portfolio	5.97% 824.4K shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	David Allen Lippe CEO	$173.4M 0.23% of portfolio	4.65% 642.1K shares	≤ Q2 2013 Held for 12y 6m+	$75.8B
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$151.1M 0.11% of portfolio	4.05% 559.5K shares	Q4 2024 Held for 1 year	$134.15B
A AMERICAN CENTURY COMPANIES INC Institution	-	$118.3M 0.06% of portfolio	3.17% 438.1K shares	Q2 2023 Held for 2y 6m	$195.95B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$117.7M 0.03% of portfolio	3.16% 435.8K shares	≤ Q2 2013 Held for 12y 6m+	$466.34B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$86.4M 0.01% of portfolio	2.32% 320.0K shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$84.0M 0.00% of portfolio	2.25% 310.9K shares	Q4 2015 Held for 10 years	$2.88T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$80.6M 0.01% of portfolio	2.16% 298.6K shares	≤ Q2 2013 Held for 12y 6m+	$633.08B
LORD, ABBETT & CO. LLC Long Only Manager	Douglas Bloom Sieg Managing Partner	$71.0M 0.23% of portfolio	1.90% 263.0K shares	Q3 2024 Held for 1y 3m	$31.1B

Net Capital Flow

Institutional buying and selling activity for AGX in Q3 2025

Traded: +$288.0M
Buyers: 227
Sellers: 173
Total Bought: +$780.5M
Total Sold: −$492.5M
Avg Position: $7.9M

Biggest Buyers

Institution	Net Bought	Current Position
FIRST TRUST ADVISORS LP ETF Provider	+$62.1M +230.1K shares	$151.1M 559.5K shares
F Forest Avenue Capital Management LP Hedge Fund•Long/Short	+$40.1M +148.3K shares	$40.1M 148.3K shares
T TD ASSET MANAGEMENT INC Institution	+$35.6M +131.9K shares	$35.6M 131.9K shares
Epoch Investment Partners, Inc. Long Only Manager	+$34.6M +128.3K shares	$34.6M 128.3K shares
Allspring Global Investments Holdings, LLC Long Only Manager	+$34.4M +122.9K shares	$50.6M 181.0K shares
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	+$34.2M +126.1K shares	$54.3M 200.5K shares
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	+$33.9M +125.5K shares	$33.9M 125.5K shares
A ALKEON CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	+$32.4M +120.0K shares	$32.4M 120.0K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$31.5M +116.7K shares	$41.3M 153.1K shares
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	+$31.1M +115.2K shares	$61.0M 225.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$60.0M −222.3K shares	$8.4M 31.1K shares
Valiant Capital Management, L.P. Hedge Fund•Long/Short	−$36.5M −135.0K shares	$68.8M 254.6K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$32.7M −121.2K shares	$5.0M 18.4K shares
LORD, ABBETT & CO. LLC Long Only Manager	−$26.5M −98.1K shares	$71.0M 263.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$16.0M −72.7K shares	Sold Off 0 shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$15.5M −57.5K shares	$9.6M 35.7K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$14.7M −54.6K shares	$118.3M 438.1K shares
A Aventail Capital Group, LP Hedge Fund•Long/Short	−$14.2M −52.5K shares	$6.1M 22.5K shares
J JANE STREET GROUP, LLC Institution	−$13.9M −51.4K shares	$2.0M 7.4K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	−$13.3M −49.3K shares	$2.9M 10.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AGX in Q3 2025

New Positions: 72
New Value: $302.1M
Exited Positions: 56
Exited Value: $112.8M

New Positions

Institution	Position Value
F Forest Avenue Capital Management LP Hedge Fund•Long/Short	$40.1M 148.3K shares
T TD ASSET MANAGEMENT INC Institution	$35.6M 131.9K shares
Epoch Investment Partners, Inc. Long Only Manager	$34.6M 128.3K shares
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	$33.9M 125.5K shares
A ALKEON CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$32.4M 120.0K shares
Aperture Investors, LLC Hedge Fund•Multi-Strategy	$27.1M 100.2K shares
EMERALD ADVISERS INC/PA Long Only Manager	$23.4M 86.5K shares
A Alpine Investment Management Ltd Institution	$16.2M 60.0K shares
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	$14.1M 52.4K shares
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short	$7.0M 26.0K shares

Exited Positions

Institution	Previous Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$16.0M 72.7K shares
P Pacer Advisors, Inc. Institution	$10.0M 45.6K shares
O OPTIONS SOLUTIONS, LLC Hedge Fund•Sector	$8.0M 36.1K shares
Hillsdale Investment Management Inc. Long Only Manager	$7.3M 33.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$7.0M 31.5K shares
Marshall Wace LLP Institution	$5.6M 25.5K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$5.4M 24.5K shares
EAM Global Investors LLC Long Only Manager	$5.4M 24.3K shares
A AXA Institution	$4.1M 18.8K shares
ALLEN HOLDING INC /NY RIA/Wealth	$3.5M 16.0K shares

Options Activity

Institutions with the largest Call and Put options positions in AGX as of Q3 2025

Call Positions: 10
Call Value: $70.3M
Put Positions: 11
Put Value: $79.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$20.3M 750.0 contracts
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short	$16.2M 600.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.9M 331.0 contracts
W WOLVERINE TRADING, LLC Institution	$7.0M 258.0 contracts
J JANE STREET GROUP, LLC Institution	$6.6M 244.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$3.0M 111.0 contracts
C Cubist Systematic Strategies, LLC Institution	$2.8M 103.0 contracts
D D. E. Shaw & Co., Inc. Institution	$2.8M 102.0 contracts
Walleye Trading LLC RIA/Wealth	$1.6M 58.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.3M 47.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$35.8M 1.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$18.8M 698.0 contracts
J JANE STREET GROUP, LLC Institution	$8.9M 329.0 contracts
W WOLVERINE TRADING, LLC Institution	$7.0M 257.0 contracts
C Cubist Systematic Strategies, LLC Institution	$2.8M 103.0 contracts
Walleye Trading LLC RIA/Wealth	$2.5M 94.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.5M 94.0 contracts
D D. E. Shaw & Co., Inc. Institution	$1.1M 41.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$432.1K 16.0 contracts
TORONTO DOMINION BANK Institution	- - contracts

Most Committed Institutions

Institutions with AGX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A Alpine Investment Management Ltd Institution	-	24.16% $16.2M	0.43% 60.0K shares	Q3 2025 Held for 3 months	$67.1M
Goodlander Investment Management, LLC Hedge Fund•Long/Short	Charles Anthony Labanowski Founder	9.78% $25.7M	0.69% 95.0K shares	Q1 2025 Held for 9 months	$262.3M
Valiant Capital Management, L.P. Hedge Fund•Long/Short	Christopher Robert Hansen President	6.36% $68.8M	1.84% 254.6K shares	Q3 2024 Held for 1y 3m	$1.1B
A AltraVue Capital, LLC RIA/Wealth	Deshay Gould Mccluskey Founder	5.54% $66.8M	1.79% 247.5K shares	Q4 2018 Held for 7 years	$1.2B
B BERKSHIRE CAPITAL HOLDINGS INC Institution	Malcolm Randall Fobes CEO	4.54% $13.1M	0.35% 48.5K shares	Q2 2025 Held for 6 months	$288.6M
Aperture Investors, LLC Hedge Fund•Multi-Strategy	Peter Steven Kraus CEO	3.76% $27.1M	0.73% 100.2K shares	Q3 2025 Held for 3 months	$719.9M
F Forest Avenue Capital Management LP Hedge Fund•Long/Short	Tarigh Nmn Yusufi Founder	2.88% $40.1M	1.07% 148.3K shares	Q3 2025 Held for 3 months	$1.4B
H Hel Ved Capital Management Ltd Institution	-	2.67% $4.6M	0.12% 17.1K shares	Q3 2025 Held for 3 months	$172.2M
S SHAKER INVESTMENTS LLC/OH Hedge Fund•Long/Short	Edward Paul Hemmelgarn President	2.05% $5.1M	0.14% 19.0K shares	Q2 2024 Held for 1y 6m	$249.9M
Ranger Investment Management, L.P. Long Only Manager	Andrew Ferguson Hill President	1.96% $28.1M	0.75% 104.1K shares	Q2 2025 Held for 6 months	$1.4B

Hedge Fund Spotlight

Discover hedge funds investing in AGX

Goodlander Investment Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerCharles Anthony Labanowski

Portfolio Value: $262.3M
Positions: 11
Last Reported: Q3 2025

Sector Allocation

Position in Argan

Market Value: $25.7M
Shares Held: 95.0K
Portfolio Weight: 9.78%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 MasTec MTZ	Engineering & Construction Industrials	$38.5M	14.69%
2 Primoris Services PRIM	Engineering & Construction Industrials	$37.8M	14.40%
3 Vistra VST	Independent Power Producers Utilities	$29.4M	11.20%