Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Argenx Se (ARGX)

470 + Investors. Track Smart Money conviction in ARGX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -35
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — ARGX

Based on 473 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ARGX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
473 funds currently hold this stock — 93% of the 3.0-year high of 508 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

242 buying276 selling
Last quarter: 276 funds reduced or exited vs 242 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-37 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 55 → 89 → 102 → 65. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 25% medium ■ 25% new
237 out of 473 hedge funds have held ARGX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

82 → 55 → 89 → 102 → 65 new funds/Q
New funds entering each quarter: 55 → 89 → 102 → 65. A growing number of institutions are discovering ARGX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 54% of holders stayed 2+ years

■ 54% veterans ■ 13% 1-2yr ■ 32% new
Of 491 current holders: 266 (54%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
58 of 473 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in ARGX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ARGX

In 2026 Q1, 242 hedge funds were net buyers of ARGX (65 opened a new position, 177 added to an existing one), while 276 reduced or exited (176 trimmed, 100 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 64% of total institutional value in ARGX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -35 funds (more exits than new entries). Total institutional holders: 473.

Hedge Fund Ownership: ARGX

How many hedge funds hold ARGX — quarterly history vs. share price
Quarterly hedge fund ownership of ARGX vs. share price

Market Analysis: ARGX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ARGX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Argenx Se (ARGX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ARGX has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
ARGX
+20.9%
XLV
+4.3%

ARGX outperformed XLV by +16.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
ARGX
+10.4%
XLV
+5.4%

Since the filing became public, ARGX outperformed XLV by +5.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 7 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
5.0
/ 10
conviction
Hedge Fund Positioning: ARGX
470 + Investors

Track Smart Money conviction in ARGX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 470 508 -7.48%
13F Shares 29M 31M -6.17%
Total Value $18.66B $22.84B -18.32%
New Positions 63 102 -39
Increased Positions 169 178 -9
Closed Positions 101 56 +45
Reduced Positions 175 166 +9
Total Calls 11 14 -21.43%
Total Puts 9 10 -10.0%
PUT/CALL Ratio 0.82 0.71 Neutral

Statistics: ARGX

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Institutional Holders (2026 Q1)

470 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ARGX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ARGX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Checkpoint Capital L.P. 40.10% 153,000 $111.7M
2 Eagle Health Investments LP 9.75% 76,336 $55.7M
3 Avoro Capital Advisors LLC 7.18% 1,000,000 $730.2M
4 Davern Capital Partners, LP 7.02% 35,045 $25.6M
5 Bellevue Group AG 5.44% 313,000 $228.6M
6 Rtw Investments, LP 5.16% 709,446 $518.1M
7 Patient Square Capital LP 4.76% 36,718 $26.8M
8 Artia Global Partners LP 4.35% 29,739 $21.7M
9 Rock Springs Capital Management LP 4.24% 98,500 $71.9M
10 Jones Hill Capital LP 4.07% 25,995 $19.0M
11 Tri Locum Partners LP 3.24% 31,635 $23.1M
12 DCF Advisers, LLC 2.85% 14,650 $10.7M
13 Acuta Capital Partners, LLC 2.42% 4,690 $3.4M
14 Sectoral Asset Management Inc 2.27% 3,564 $2.7M
15 Braidwell LP 2.07% 84,939 $62.0M
16 Orbimed Advisors LLC 1.98% 136,900 $100.0M
17 Artisan Partners Limited Partnership 1.72% 1,467,982 $1.07B
18 Nan Fung Group Holdings Ltd 1.69% 2,800 $2.0M
19 Eventide Asset Management, LLC 1.52% 125,657 $91.7M
20 AlphaCentric Advisors LLC 1.31% 1,794 $1.3M
21 LRT Capital Management, LLC 1.13% 1,653 $1.2M
22 Shepherd Street Advisors LLC 1.07% 1,491 $1.1M
23 HighVista Strategies LLC 0.99% 4,918 $3.6M
24 Sands Capital Management, LLC 0.97% 340,285 $248.5M
25 Janus Henderson Group plc 0.92% 2,541,732 $1.85B
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Argenx Se (ARGX)

What does the Smart Money Trend signal show for ARGX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their ARGX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ARGX?

More sellers than buyers — 47% buying: Last quarter: 276 funds reduced or exited vs 242 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ARGX holders?

Elite ownership — 64% AUM from top-100 funds: 58 of 473 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in ARGX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ARGX?

50% of holders stayed for 2+ years: 237 out of 473 hedge funds have held ARGX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Argenx Se (ARGX) following the 2026 Q1 hedge fund 13F filings?

As of today, ARGX has moved +10.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLV sector ETF — an outperformance of +5.0%. Since the quarter end (March 31, 2026), ARGX has gained +20.9% vs +4.3% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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