Vault-13

ARGENX SE ARGX

SPONSORED ADR · ADR · CUSIP 04016X101 · ISIN US04016X1019

449 institutional holders +52 vs Q4 2024
33,378,59633.4m shares reported held*
$19.7bnreported value*
81 new 155 added 152 reduced 25 sold out net sold ≈ $518.1m (-875.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $591.56. Options: 17 managers hold calls ($318.8m notional), 14 hold puts ($173.6m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 255Q4 22: 271Q1 23: 273Q2 23: 291Q3 23: 342Q4 23: 347Q1 24: 328Q2 24: 336Q3 24: 358Q4 24: 397Q1 25: 449449Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022255
Q4 2022271
Q1 2023273
Q2 2023291
Q3 2023342
Q4 2023347
Q1 2024328
Q2 2024336
Q3 2024358
Q4 2024397
Q1 2025449

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q2 23: 151 bought or addedQ2 23: 117 cut or sold outQ3 23: 208 bought or addedQ3 23: 117 cut or sold outQ3 23Q4 23: 193 bought or addedQ4 23: 156 cut or sold outQ1 24: 166 bought or addedQ1 24: 176 cut or sold outQ1 24Q2 24: 177 bought or addedQ2 24: 147 cut or sold outQ3 24: 187 bought or addedQ3 24: 149 cut or sold outQ3 24Q4 24: 204 bought or addedQ4 24: 157 cut or sold outQ1 25: 236 bought or addedQ1 25: 177 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023151117
Q3 2023208117
Q4 2023193156
Q1 2024166176
Q2 2024177147
Q3 2024187149
Q4 2024204157
Q1 2025236177

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300m$400mQ2 24 calls: $133.8mQ2 24 puts: $205.6mQ2 24P/C 1.54Q3 24 calls: $291.6mQ3 24 puts: $274.9mQ3 24P/C 0.94Q4 24 calls: $375.1mQ4 24 puts: $181.5mQ4 24P/C 0.48Q1 25 calls: $318.8mQ1 25 puts: $173.6mQ1 25P/C 0.54
Numbers
QuarterCallsPutsP/C
Q2 2024$133.8m$205.6m1.54
Q3 2024$291.6m$274.9m0.94
Q4 2024$375.1m$181.5m0.48
Q1 2025$318.8m$173.6m0.54

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +204,180+204.2k
Capital World Investors Added +151,056+151.1k
UBS Group AG Added +82,239+82.2k
BANK OF AMERICA CORP /DE/ Added +81,566+81.6k
BRAIDWELL LP Added +80,083+80.1k
Assenagon Asset Management S.A. Added +75,435+75.4k
TWO SIGMA INVESTMENTS, LP New +73,948+73.9k
Qube Research & Technologies Ltd Added +71,300+71.3k
LORD, ABBETT & CO. LLC Added +68,498+68.5k
AMERIPRISE FINANCIAL INC Added +61,863+61.9k

Biggest sellers

Paradigm Biocapital Advisors LP Reduced -421,626-421.6k
T. Rowe Price Investment Management, Inc. Reduced -407,206-407.2k
Artisan Partners Limited Partnership Reduced -284,105-284.1k
JANUS HENDERSON GROUP PLC Reduced -169,275-169.3k
Point72 Asset Management, L.P. Sold out -147,989-148.0k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -132,308-132.3k
Siren, L.L.C. Sold out -115,045-115.0k
MARSHALL WACE, LLP Reduced -64,779-64.8k
MORGAN STANLEY Reduced -61,388-61.4k
FEDERATED HERMES, INC. Reduced -61,302-61.3k

Biggest calls

NATIONAL BANK OF CANADA /FI/ Unchanged $88.8m1.5k shares
Caption Management, LLC Added $66.9m113.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $43.1m72.8k shares
D. E. Shaw & Co., Inc. Added $33.4m56.4k shares
GROUP ONE TRADING LLC Added $29.3m49.5k shares
LMR Partners LLP Added $15.4m26.1k shares
CITADEL ADVISORS LLC Reduced $12.7m21.5k shares
SIMPLEX TRADING, LLC Reduced $10.0m16.9k shares
PEAK6 LLC Added $7.1m12.0k shares
JANE STREET GROUP, LLC Reduced $6.5m10.9k shares

Biggest puts

Jefferies Financial Group Inc. Unchanged $88.8m150.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $28.8m48.7k shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC New $18.9m32.0k shares
CITADEL ADVISORS LLC Unchanged $9.3m15.7k shares
JANE STREET GROUP, LLC Reduced $6.3m10.6k shares
Caption Management, LLC New $5.6m9.5k shares
GROUP ONE TRADING LLC Added $5.1m8.6k shares
D. E. Shaw & Co., Inc. New $3.7m6.3k shares
AMERIPRISE FINANCIAL INC New $2.4m4.1k shares
Walleye Trading LLC New $1.7m2.9k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: PRICE T ROWE ASSOCIATES INC /MD/ (4.3%, 2026-08-14)

Insider purchases and sales in Q1 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.21% of their portfolio BOSTON, MA 5,663,2075.7m $3.4bn $3.4bn 0.21% Added +45.0k +44,985
2 PRICE T ROWE ASSOCIATES INC /MD/ 0.39% of their portfolio BALTIMORE, MD 5,384,5865.4m $3.2bn $3.2bn 0.39% Reduced -132.3k -132,308
3 Artisan Partners Limited Partnership 2.67% of their portfolio Milwaukee, WI 2,785,8902.8m $1.6bn $1.6bn 2.67% Reduced -284.1k -284,105
4 JANUS HENDERSON GROUP PLC 0.69% of their portfolio LONDON, X0 2,143,0832.1m $1.3bn $1.3bn 0.69% Reduced -169.3k -169,275
5 Capital World Investors 0.19% of their portfolio LOS ANGELES, CA 1,937,9921.9m $1.1bn $1.1bn 0.19% Added +151.1k +151,056
6 Avoro Capital Advisors LLC 11.41% of their portfolio NEW YORK, NY 1,235,1771.2m $731.1m $731.1m 11.41% Reduced -3.3k -3,290
7 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,021,3251.0m $604.5m $604.5m 0.01% Reduced -47.6k -47,625
8 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 877,150877.1k $519.2m $519.2m 0.04% Reduced -61.4k -61,388
9 RTW INVESTMENTS, LP 6.10% of their portfolio NEW YORK, NY 673,497673.5k $398.6m $398.6m 6.10% Unchanged
10 Clearbridge Investments, LLC 0.34% of their portfolio NEW YORK, NY 664,368664.4k $393.2m $393.2m 0.34% Added +34.5k +34,540
11 Bellevue Group AG 7.68% of their portfolio ZURICH, V8 578,874578.9k $342.6m $342.6m 7.68% Reduced -14.3k -14,310
12 CITADEL ADVISORS LLC 0.32% of their portfolio MIAMI, FL 551,939551.9k $326.7m $326.7m 0.32% Added +37.8k +37,834
13 WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio Boston, MA 406,204406.2k $240.4m $240.4m 0.05% Reduced -18.8k -18,770
14 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 382,741382.7k $226.5m $226.5m 0.04% Reduced -21.3k -21,275
15 SEI INVESTMENTS CO 0.27% of their portfolio OAKS, PA 361,000361.0k $213.7m $213.7m 0.27% Reduced -5.6k -5,620
16 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 340,115340.1k $201.3m $201.3m 0.02% Added +81.6k +81,566
17 LORD, ABBETT & CO. LLC 0.58% of their portfolio JERSEY CITY, NJ 274,700274.7k $162.6m $162.6m 0.58% Added +68.5k +68,498
18 MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 268,604268.6k $159.0m $159.0m 0.15% Added +204.2k +204,180
19 D. E. Shaw & Co., Inc. 0.18% of their portfolio New York, NY 260,325260.3k $154.1m $154.1m 0.18% Reduced -28.0k -27,974
20 JENNISON ASSOCIATES LLC 0.10% of their portfolio NEW YORK, NY 249,461249.5k $147.6m $147.6m 0.10% Reduced -52.7k -52,688
21 Pictet Asset Management Holding SA 0.15% of their portfolio CAROUGE, V8 229,441229.4k $135.8m $135.8m 0.15% Reduced -55.3k -55,253
22 Jefferies Financial Group Inc. 2.20% of their portfolio NEW YORK, NY 216,000216.0k $127.8m $127.8m 2.20% Added +248 +248
23 BAMCO INC /NY/ 0.37% of their portfolio NEW YORK, NY 213,400213.4k $126.3m $126.3m 0.37% Reduced -28.8k -28,778
24 ORBIMED ADVISORS LLC 2.94% of their portfolio New York, NY 206,700206.7k $122.3m $122.3m 2.94% Added +17.0k +17,000
25 1832 Asset Management L.P. 0.21% of their portfolio TORONTO, A6 183,300183.3k $108.5m $108.5m 0.21% Reduced -24.0k -24,000
26 Allspring Global Investments Holdings, LLC 0.17% of their portfolio CHARLOTTE, NC 176,450176.4k $100.1m $100.1m 0.17% Added +32.2k +32,239
27 Rock Springs Capital Management LP 5.95% of their portfolio Baltimore, MD 175,750175.8k $104.0m $104.0m 5.95% Reduced -53.9k -53,850
28 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 168,765168.8k $99.9m $99.9m 0.02% Added +21.8k +21,805
29 BRAIDWELL LP 3.35% of their portfolio STAMFORD, CT 160,849160.8k $95.2m $95.2m 3.35% Added +80.1k +80,083
30 Fiera Capital Corp 0.33% of their portfolio MONTREAL, A8 154,416154.4k $91.4m $91.4m 0.33% Reduced -844 -844
31 AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio KANSAS CITY, MO 148,852148.9k $88.1m $88.1m 0.05% Reduced -6.5k -6,524
32 TD Asset Management Inc 0.08% of their portfolio Toronto, A6 140,575140.6k $83.2m $83.2m 0.08% Reduced -32.1k -32,106
33 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.15% of their portfolio Boston, MA 138,637138.6k $82.1m $82.1m 0.15% Added +48.9k +48,850
34 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 137,197137.2k $81.2m $81.2m 0.02% Added +2.6k +2,606
35 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 133,359133.4k $78.9m $78.9m 0.06% First filing
36 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 126,774126.8k $75.0m $75.0m 0.10% Reduced -64.8k -64,779
37 TimesSquare Capital Management, LLC 1.19% of their portfolio NEW YORK, NY 125,295125.3k $74.2m $74.2m 1.19% Added +1.1k +1,050
38 Checkpoint Capital L.P. 37.34% of their portfolio SAN FRANCISCO, CA 115,000115.0k $68.1m $68.1m 37.34% Added +22.5k +22,500
39 Perpetual Ltd 0.82% of their portfolio SYDNEY, NEW SOUTH WALES, C3 114,530114.5k $67.8m $67.8m 0.82% Reduced -6.4k -6,384
40 Legal & General Group Plc 0.02% of their portfolio London, X0 114,094114.1k $67.5m $67.5m 0.02% Added +1.1k +1,124
41 EVENTIDE ASSET MANAGEMENT, LLC 1.34% of their portfolio Boston, MA 113,743113.7k $67.3m $67.3m 1.34% Added +9.6k +9,599
42 Assenagon Asset Management S.A. 0.12% of their portfolio SENNINGERBERG, N4 110,390110.4k $65.3m $65.3m 0.12% Added +75.4k +75,435
43 FEDERATED HERMES, INC. 0.14% of their portfolio PITTSBURGH, PA 108,945108.9k $64.5m $64.5m 0.14% Reduced -61.3k -61,302
44 UBS Group AG 0.01% of their portfolio ZURICH, V8 102,139102.1k $60.5m $60.5m 0.01% Added +82.2k +82,239
45 ARMISTICE CAPITAL, LLC 1.55% of their portfolio NEW YORK, NY 98,00098.0k $58.0m $58.0m 1.55% Reduced -26.0k -26,000
46 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 96,91496.9k $57.4m $57.4m 0.02% Reduced -5.1k -5,111
47 Woodline Partners LP 0.35% of their portfolio San Francisco, CA 89,79689.8k $53.1m $53.1m 0.35% Added +15.6k +15,559
48 Public Sector Pension Investment Board 0.21% of their portfolio MONTREAL, A8 82,08282.1k $48.6m $48.6m 0.21% Reduced -23.9k -23,890
49 T. Rowe Price Investment Management, Inc. 0.03% of their portfolio BALTIMORE, MD 80,64780.6k $47.7m $47.7m 0.03% Reduced -407.2k -407,206
50 SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 2.27% of their portfolio Boston, MA 80,00080.0k $47.3m $47.3m 2.27% Added +50.4k +50,389
51 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 79,46879.5k $47.0m $47.0m 0.02% Added +4.4k +4,431
52 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 77,99678.0k $46.2m $46.2m 0.07% Added +71.3k +71,300
53 BAKER BROS. ADVISORS LP 0.51% of their portfolio NEW YORK, NY 77,76077.8k $46.0m $46.0m 0.51% Reduced -34.1k -34,144
54 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio JUPITER, FL 75,64575.6k $44.8m $44.8m 0.17% Added +29.3k +29,288
55 ALKEON CAPITAL MANAGEMENT LLC 0.26% of their portfolio New York, NY 75,00075.0k $44.4m $44.4m 0.26% Unchanged
56 Eagle Health Investments LP 11.53% of their portfolio Greenwich, CT 74,99075.0k $44.4m $44.4m 11.53% Unchanged
57 TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio NEW YORK, NY 73,94873.9k $43.8m $43.8m 0.10% New
58 PINEBRIDGE INVESTMENTS, L.P. 0.34% of their portfolio NEW YORK, NY 73,17573.2k $43.3m $43.3m 0.34% Added +16.2k +16,250
59 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 70,25070.2k $41.6m $41.6m 0.06% Reduced -387 -387
60 PFM Health Sciences, LP 3.13% of their portfolio SAN FRANCISCO, CA 68,99969.0k $40.8m $40.8m 3.13% Added +5.3k +5,300
61 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 68,87668.9k $40.5m $40.5m 0.01% Added +61.9k +61,863
62 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 67,26367.3k $39.8m $39.8m 0.01% Added +14.6k +14,552
63 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 66,87366.9k $39.6m $39.6m 0.01% Reduced -3.9k -3,929
64 NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio ALBANY, NY 64,25064.2k $38.0m $38.0m 0.06% Added +716 +716
65 Caisse de depot et placement du Quebec 0.08% of their portfolio Montreal, A8 62,07462.1k $36.7m $36.7m 0.08% Added +34.2k +34,174
66 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 61,40061.4k $36.3m $36.3m 0.03% Reduced -14.0k -14,009
67 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 59,69459.7k $35.3m $35.3m 0.03% Reduced -2.4k -2,419
68 Paradigm Biocapital Advisors LP 1.63% of their portfolio NEW YORK, NY 59,67959.7k $35.3m $35.3m 1.63% Reduced -421.6k -421,626
69 PERCEPTIVE ADVISORS LLC 1.25% of their portfolio NEW YORK, NY 59,51059.5k $35.2m $35.2m 1.25% Reduced -8.0k -7,961
70 Aberdeen Group plc 0.06% of their portfolio EDINBURGH, X0 54,59054.6k $32.3m $32.3m 0.06% Reduced -6.7k -6,672
71 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 52,42652.4k $31.0m $31.0m 0.00% Reduced -1.7k -1,702
72 Driehaus Capital Management LLC 0.28% of their portfolio Chicago, IL 49,07149.1k $29.0m $29.0m 0.28% Added +1.7k +1,717
73 PGGM Investments 0.39% of their portfolio ZEIST, P7 48,79948.8k $28.9m $28.9m 0.39% Reduced -8.0k -7,972
74 Ensign Peak Advisors, Inc 0.05% of their portfolio SALT LAKE CITY, UT 45,95246.0k $27.2m $27.2m 0.05% Added +5.8k +5,788
75 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 44,44044.4k $26.3m $26.3m 0.03% Reduced -2.4k -2,369
76 First Turn Management, LLC 5.00% of their portfolio DEL MAR, CA 41,91141.9k $24.8m $24.8m 5.00% Reduced -1.2k -1,167
77 Candriam S.C.A. 0.15% of their portfolio STRASSEN, N4 41,28041.3k $24.4m $24.4m 0.15% Reduced -6.9k -6,930
78 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 39,92939.9k $23.6m $23.6m 0.14% Added +36.7k +36,746
79 Railway Pension Investments Ltd 0.33% of their portfolio LONDON, X0 39,50039.5k $23.4m $23.4m 0.33% Unchanged
80 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 38,30638.3k $22.7m $22.7m 0.01% Added +353 +353
81 Handelsbanken Fonder AB 0.09% of their portfolio STOCKHOLM, V7 38,05038.0k $22.5m $22.5m 0.09% Added +4.4k +4,403
82 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 32,24132.2k $19.1m $19.1m 0.00% Added +7.3k +7,312
83 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 30,42130.4k $18.0m $18.0m 0.04% Added +7.8k +7,757
84 TWO SIGMA ADVISERS, LP 0.04% of their portfolio NEW YORK, NY 30,20030.2k $17.9m $17.9m 0.04% New
85 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 29,81029.8k $17.6m $17.6m 0.01% Added +15.6k +15,640
86 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 29,54129.5k $17.5m $17.5m 0.01% New
87 AXA S.A. 0.06% of their portfolio PARIS, I0 29,48329.5k $17.4m $17.4m 0.06% Reduced -4.0k -4,039
88 Soleus Capital Management, L.P. 1.34% of their portfolio GREENWICH, CT 28,94028.9k $17.1m $17.1m 1.34% New
89 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 28,25828.3k $16.7m $16.7m 0.03% Added +383 +383
90 Iron Triangle Partners LP 2.60% of their portfolio Cos Cob, CT 27,87427.9k $16.5m $16.5m 2.60% Reduced -7.1k -7,126
91 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 26,58326.6k $15.7m $15.7m 0.00% Reduced -624 -624
92 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio Paris, I0 25,37025.4k $15.0m $15.0m 0.04% Added +25.0k +24,995
93 MOORE CAPITAL MANAGEMENT, LP 0.49% of their portfolio NEW YORK, NY 25,00025.0k $14.8m $14.8m 0.49% Reduced -9.0k -9,000
94 COOKSON PEIRCE & CO INC 0.71% of their portfolio PITTSBURGH, PA 23,77723.8k $14.1m $14.1m 0.71% Added +294 +294
95 AWM Investment Company, Inc. 1.87% of their portfolio NEW YORK, NY 23,00023.0k $13.6m $13.6m 1.87% Reduced -2.0k -2,000
96 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 22,53522.5k $13.3m $13.3m 0.01% Added +7.2k +7,213
97 ODDO BHF ASSET MANAGEMENT SAS 0.52% of their portfolio PARIS, I0 21,57421.6k $12.8m $12.8m 0.52% Added +2.2k +2,173
98 NATIXIS ADVISORS, LLC 0.02% of their portfolio Boston, MA 21,23621.2k $12.6m $12.6m 0.02% Added +5.3k +5,313
99 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 20,88020.9k $12.4m $12.4m 0.00% Added +4.6k +4,563
100 CenterBook Partners LP 0.77% of their portfolio GREENWICH, CT 20,32320.3k $12.0m $12.0m 0.77% Added +18.2k +18,168