Vault-13

ARGENX SE ARGX

SPONSORED ADR · ADR · CUSIP 04016X101 · ISIN US04016X1019

439 institutional holders -10 vs Q1 2025
32,149,57632.1m shares reported held*
$17.7bnreported value*
49 new 176 added 145 reduced 59 sold out net sold ≈ $660.8m (-1.2m 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 ($4.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $551.18. Options: 19 managers hold calls ($275.6m notional), 15 hold puts ($126.6m).

Trends to Q2 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: 449Q2 25: 439439Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025439

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 208 bought or addedQ3 23: 117 cut or sold outQ4 23: 193 bought or addedQ4 23: 156 cut or sold outQ4 23Q1 24: 166 bought or addedQ1 24: 176 cut or sold outQ2 24: 177 bought or addedQ2 24: 147 cut or sold outQ2 24Q3 24: 187 bought or addedQ3 24: 149 cut or sold outQ4 24: 204 bought or addedQ4 24: 157 cut or sold outQ4 24Q1 25: 236 bought or addedQ1 25: 177 cut or sold outQ2 25: 225 bought or addedQ2 25: 204 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023208117
Q4 2023193156
Q1 2024166176
Q2 2024177147
Q3 2024187149
Q4 2024204157
Q1 2025236177
Q2 2025225204

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 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 0.54Q2 25 calls: $275.6mQ2 25 puts: $126.6mQ2 25P/C 0.46
Numbers
QuarterCallsPutsP/C
Q3 2024$291.6m$274.9m0.94
Q4 2024$375.1m$181.5m0.48
Q1 2025$318.8m$173.6m0.54
Q2 2025$275.6m$126.6m0.46

Biggest buyers

JANUS HENDERSON GROUP PLC Added +422,316+422.3k
CITADEL ADVISORS LLC Added +314,031+314.0k
MILLENNIUM MANAGEMENT LLC Added +161,240+161.2k
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +158,476+158.5k
FRANKLIN RESOURCES INC Added +142,606+142.6k
Clearbridge Investments, LLC Added +108,498+108.5k
Balyasny Asset Management L.P. Added +79,659+79.7k
Hudson Bay Capital Management LP New +67,923+67.9k
Artia Global Partners LP Added +67,000+67.0k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +62,044+62.0k

Biggest sellers

BlackRock, Inc. Reduced -471,179-471.2k
MORGAN STANLEY Reduced -447,859-447.9k
Artisan Partners Limited Partnership Reduced -436,114-436.1k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -404,610-404.6k
FMR LLC Reduced -239,699-239.7k
LORD, ABBETT & CO. LLC Reduced -173,621-173.6k
Invesco Ltd. Reduced -138,995-139.0k
D. E. Shaw & Co., Inc. Reduced -122,361-122.4k
DEUTSCHE BANK AG\ Reduced -76,984-77.0k
T. Rowe Price Investment Management, Inc. Reduced -71,137-71.1k

Biggest calls

Caption Management, LLC Reduced $57.1m103.6k shares
NATIONAL BANK OF CANADA /FI/ Reduced $49.6m900 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $34.2m62.1k shares
D. E. Shaw & Co., Inc. Added $34.1m61.8k shares
LMR Partners LLP Added $33.0m59.9k shares
GROUP ONE TRADING LLC Reduced $13.3m24.1k shares
PEAK6 LLC Added $10.7m19.4k shares
CITADEL ADVISORS LLC Reduced $9.8m17.7k shares
Squarepoint Ops LLC New $9.8m17.7k shares
SIMPLEX TRADING, LLC Reduced $7.7m13.9k shares

Biggest puts

Jefferies Financial Group Inc. Reduced $49.8m90.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $19.3m35.0k shares
PEAK6 LLC New $13.8m25.0k shares
CITADEL ADVISORS LLC Added $9.9m17.9k shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Reduced $9.4m17.1k shares
NOMURA HOLDINGS INC New $6.9m12.5k shares
D. E. Shaw & Co., Inc. Added $5.8m10.5k shares
JANE STREET GROUP, LLC Reduced $3.6m6.6k shares
SIMPLEX TRADING, LLC Added $2.6m4.8k shares
Caption Management, LLC Reduced $1.9m3.5k 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 Q2 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.17% of their portfolio BOSTON, MA 5,423,5085.4m $3.0bn $3.0bn 0.17% Reduced -239.7k -239,699
2 PRICE T ROWE ASSOCIATES INC /MD/ 0.31% of their portfolio BALTIMORE, MD 4,979,9765.0m $2.7bn $2.7bn 0.31% Reduced -404.6k -404,610
3 JANUS HENDERSON GROUP PLC 0.69% of their portfolio LONDON, X0 2,565,3992.6m $1.4bn $1.4bn 0.69% Added +422.3k +422,316
4 Artisan Partners Limited Partnership 1.93% of their portfolio Milwaukee, WI 2,349,7762.3m $1.3bn $1.3bn 1.93% Reduced -436.1k -436,114
5 Capital World Investors 0.16% of their portfolio LOS ANGELES, CA 1,951,0822.0m $1.1bn $1.1bn 0.16% Added +13.1k +13,090
6 Avoro Capital Advisors LLC 11.34% of their portfolio NEW YORK, NY 1,175,0001.2m $647.7m $647.7m 11.34% Reduced -60.2k -60,177
7 CITADEL ADVISORS LLC 0.41% of their portfolio MIAMI, FL 865,970866.0k $477.3m $477.3m 0.41% Added +314.0k +314,031
8 Clearbridge Investments, LLC 0.35% of their portfolio NEW YORK, NY 772,866772.9k $426.0m $426.0m 0.35% Added +108.5k +108,498
9 RTW INVESTMENTS, LP 5.29% of their portfolio NEW YORK, NY 673,497673.5k $371.2m $371.2m 5.29% Unchanged
10 Bellevue Group AG 6.94% of their portfolio ZURICH, V8 571,039571.0k $314.8m $314.8m 6.94% Reduced -7.8k -7,835
11 BlackRock, Inc. 0.01% of their portfolio New York, NY 550,146550.1k $303.3m $303.3m 0.01% Reduced -471.2k -471,179
12 MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio NEW YORK, NY 429,844429.8k $236.9m $236.9m 0.21% Added +161.2k +161,240
13 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 429,291429.3k $236.6m $236.6m 0.02% Reduced -447.9k -447,859
14 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 405,333405.3k $223.4m $223.4m 0.04% Reduced -871 -871
15 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 336,120336.1k $185.3m $185.3m 0.01% Reduced -4.0k -3,995
16 SEI INVESTMENTS CO 0.20% of their portfolio OAKS, PA 316,399316.4k $174.4m $174.4m 0.20% Reduced -44.6k -44,601
17 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.28% of their portfolio Boston, MA 297,113297.1k $163.8m $163.8m 0.28% Added +158.5k +158,476
18 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 279,803279.8k $154.2m $154.2m 0.04% Added +142.6k +142,606
19 JENNISON ASSOCIATES LLC 0.09% of their portfolio NEW YORK, NY 264,647264.6k $145.9m $145.9m 0.09% Added +15.2k +15,186
20 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 243,746243.7k $134.4m $134.4m 0.02% Reduced -139.0k -138,995
21 ORBIMED ADVISORS LLC 2.88% of their portfolio New York, NY 208,000208.0k $114.7m $114.7m 2.88% Added +1.3k +1,300
22 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 205,906205.9k $113.5m $113.5m 0.06% Added +57.1k +57,054
23 Pictet Asset Management Holding SA 0.11% of their portfolio CAROUGE, V8 197,286197.3k $108.8m $108.8m 0.11% Reduced -32.2k -32,155
24 BRAIDWELL LP 3.67% of their portfolio STAMFORD, CT 194,491194.5k $107.2m $107.2m 3.67% Added +33.6k +33,642
25 Allspring Global Investments Holdings, LLC 0.17% of their portfolio CHARLOTTE, NC 184,987185.0k $100.3m $100.3m 0.17% Added +8.5k +8,537
26 BAMCO INC /NY/ 0.27% of their portfolio NEW YORK, NY 180,733180.7k $99.6m $99.6m 0.27% Reduced -32.7k -32,667
27 MARSHALL WACE, LLP 0.12% of their portfolio LONDON, X0 177,724177.7k $98.0m $98.0m 0.12% Added +51.0k +50,950
28 Rock Springs Capital Management LP 6.04% of their portfolio Baltimore, MD 175,750175.8k $96.9m $96.9m 6.04% Unchanged
29 1832 Asset Management L.P. 0.17% of their portfolio TORONTO, A6 172,400172.4k $95.0m $95.0m 0.17% Reduced -10.9k -10,900
30 Fiera Capital Corp 0.30% of their portfolio MONTREAL, A8 158,474158.5k $87.4m $87.4m 0.30% Added +4.1k +4,058
31 Jefferies Financial Group Inc. 1.41% of their portfolio NEW YORK, NY 155,400155.4k $85.7m $85.7m 1.41% Reduced -60.6k -60,600
32 Checkpoint Capital L.P. 38.52% of their portfolio SAN FRANCISCO, CA 149,977150.0k $82.7m $82.7m 38.52% Added +35.0k +34,977
33 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 142,150142.2k $78.4m $78.4m 0.01% Reduced -26.6k -26,615
34 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 137,964138.0k $76.0m $76.0m 0.08% Reduced -122.4k -122,361
35 TimesSquare Capital Management, LLC 1.06% of their portfolio NEW YORK, NY 133,580133.6k $73.6m $73.6m 1.06% Added +8.3k +8,285
36 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 127,488127.5k $70.3m $70.3m 0.10% Added +57.2k +57,238
37 Legal & General Group Plc 0.02% of their portfolio London, X0 125,809125.8k $69.3m $69.3m 0.02% Added +11.7k +11,715
38 EVENTIDE ASSET MANAGEMENT, LLC 1.21% of their portfolio Boston, MA 125,383125.4k $69.1m $69.1m 1.21% Added +11.6k +11,640
39 FEDERATED HERMES, INC. 0.13% of their portfolio PITTSBURGH, PA 123,659123.7k $68.2m $68.2m 0.13% Added +14.7k +14,714
40 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 120,042120.0k $66.2m $66.2m 0.06% Reduced -20.5k -20,533
41 Assenagon Asset Management S.A. 0.10% of their portfolio SENNINGERBERG, N4 112,057112.1k $61.8m $61.8m 0.10% Added +1.7k +1,667
42 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 111,195111.2k $61.3m $61.3m 0.02% Added +42.3k +42,319
43 LORD, ABBETT & CO. LLC 0.18% of their portfolio JERSEY CITY, NJ 101,079101.1k $55.7m $55.7m 0.18% Reduced -173.6k -173,621
44 Perpetual Ltd 0.63% of their portfolio SYDNEY, NEW SOUTH WALES, C3 96,95597.0k $53.4m $53.4m 0.63% Reduced -17.6k -17,575
45 Ensign Peak Advisors, Inc 0.09% of their portfolio SALT LAKE CITY, UT 93,33693.3k $51.4m $51.4m 0.09% Added +47.4k +47,384
46 Caisse de depot et placement du Quebec 0.11% of their portfolio Montreal, A8 90,89590.9k $50.1m $50.1m 0.11% Added +28.8k +28,821
47 Balyasny Asset Management L.P. 0.11% of their portfolio Chicago, IL 89,29689.3k $49.2m $49.2m 0.11% Added +79.7k +79,659
48 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.12% of their portfolio Paris, I0 87,41487.4k $48.2m $48.2m 0.12% Added +62.0k +62,044
49 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 86,86186.9k $47.9m $47.9m 0.01% Added +7.4k +7,393
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 82,62882.6k $45.5m $45.5m 0.00% Added +44.3k +44,322
51 Public Sector Pension Investment Board 0.19% of their portfolio MONTREAL, A8 82,08282.1k $45.2m $45.2m 0.19% Unchanged
52 ARMISTICE CAPITAL, LLC 1.67% of their portfolio NEW YORK, NY 80,00080.0k $44.1m $44.1m 1.67% Reduced -18.0k -18,000
53 Artia Global Partners LP 11.10% of their portfolio MIAMI, FL 78,31178.3k $43.2m $43.2m 11.10% Added +67.0k +67,000
54 Eagle Health Investments LP 10.53% of their portfolio Greenwich, CT 77,43077.4k $42.7m $42.7m 10.53% Added +2.4k +2,440
55 PINEBRIDGE INVESTMENTS, L.P. 0.34% of their portfolio NEW YORK, NY 76,74176.7k $42.3m $42.3m 0.34% Added +3.6k +3,566
56 PGGM Investments 0.73% of their portfolio ZEIST, P7 76,69976.7k $42.3m $42.3m 0.73% Added +27.9k +27,900
57 ALKEON CAPITAL MANAGEMENT LLC 0.20% of their portfolio New York, NY 75,00075.0k $41.3m $41.3m 0.20% Unchanged
58 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 72,58872.6k $40.0m $40.0m 0.01% Added +5.7k +5,715
59 Aberdeen Group plc 0.07% of their portfolio EDINBURGH, X0 70,29370.3k $38.7m $38.7m 0.07% Added +15.7k +15,703
60 UBS Group AG 0.01% of their portfolio ZURICH, V8 68,27668.3k $37.6m $37.6m 0.01% Reduced -33.9k -33,863
61 Hudson Bay Capital Management LP 0.25% of their portfolio STAMFORD, CT 67,92367.9k $37.4m $37.4m 0.25% New
62 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 66,79566.8k $36.8m $36.8m 0.03% Reduced -66.6k -66,564
63 NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio ALBANY, NY 64,10264.1k $35.3m $35.3m 0.05% Reduced -148 -148
64 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 63,24363.2k $34.9m $34.9m 0.03% Added +3.5k +3,549
65 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 62,93262.9k $34.7m $34.7m 0.00% Added +10.5k +10,506
66 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 58,77058.8k $32.4m $32.4m 0.03% Reduced -2.6k -2,630
67 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 58,28558.3k $32.1m $32.1m 0.04% Reduced -19.7k -19,711
68 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 55,38155.4k $30.5m $30.5m 0.01% Reduced -11.9k -11,882
69 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 53,83553.8k $29.7m $29.7m 0.01% Added +52.4k +52,428
70 Tri Locum Partners LP 7.99% of their portfolio NEW YORK, NY 47,79347.8k $26.3m $26.3m 7.99% Added +29.9k +29,949
71 MOORE CAPITAL MANAGEMENT, LP 0.52% of their portfolio NEW YORK, NY 47,00047.0k $25.9m $25.9m 0.52% Added +22.0k +22,000
72 Candriam S.C.A. 0.14% of their portfolio STRASSEN, N4 45,56745.6k $25.1m $25.1m 0.14% Added +4.3k +4,287
73 First Turn Management, LLC 4.52% of their portfolio DEL MAR, CA 43,95344.0k $24.2m $24.2m 4.52% Added +2.0k +2,042
74 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 43,88243.9k $24.2m $24.2m 0.04% Reduced -30.1k -30,066
75 Soleus Capital Management, L.P. 1.63% of their portfolio GREENWICH, CT 42,87642.9k $23.6m $23.6m 1.63% Added +13.9k +13,936
76 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 41,59841.6k $22.9m $22.9m 0.03% Reduced -2.8k -2,842
77 Woodline Partners LP 0.12% of their portfolio San Francisco, CA 40,27140.3k $22.2m $22.2m 0.12% Reduced -49.5k -49,525
78 Handelsbanken Fonder AB 0.08% of their portfolio STOCKHOLM, V7 39,75339.8k $21.9m $21.9m 0.08% Added +1.7k +1,703
79 Railway Pension Investments Ltd 0.31% of their portfolio LONDON, X0 39,50039.5k $21.8m $21.8m 0.31% Unchanged
80 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio JUPITER, FL 39,30039.3k $21.7m $21.7m 0.08% Reduced -36.3k -36,345
81 BAKER BROS. ADVISORS LP 0.20% of their portfolio NEW YORK, NY 37,76037.8k $20.8m $20.8m 0.20% Reduced -40.0k -40,000
82 Verition Fund Management LLC 0.12% of their portfolio GREENWICH, CT 37,68837.7k $20.8m $20.8m 0.12% Reduced -2.2k -2,241
83 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 35,99336.0k $19.8m $19.8m 0.00% Added +3.8k +3,752
84 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 31,29631.3k $17.3m $17.3m 0.04% Added +875 +875
85 AXA S.A. 0.05% of their portfolio PARIS, I0 31,13331.1k $17.2m $17.2m 0.05% Added +1.6k +1,650
86 Patient Square Capital LP 5.76% of their portfolio MENLO PARK, CA 29,00029.0k $16.0m $16.0m 5.76% New
87 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 26,25726.3k $14.5m $14.5m 0.00% Reduced -326 -326
88 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 24,41924.4k $13.5m $13.5m 0.00% Added +23.8k +23,849
89 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 23,79023.8k $13.1m $13.1m 0.02% Added +21.9k +21,917
90 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 23,62823.6k $13.0m $13.0m 0.01% New
91 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 22,58022.6k $12.4m $12.4m 0.01% Added +45 +45
92 COOKSON PEIRCE & CO INC 0.54% of their portfolio PITTSBURGH, PA 22,23922.2k $12.3m $12.3m 0.54% Reduced -1.5k -1,538
93 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 22,05422.1k $12.2m $12.2m 0.00% Added +1.2k +1,174
94 Prosight Management, LP 2.96% of their portfolio DALLAS, TX 22,00022.0k $12.1m $12.1m 2.96% Added +8.3k +8,300
95 ODDO BHF ASSET MANAGEMENT SAS 0.45% of their portfolio PARIS, I0 21,57421.6k $11.9m $11.9m 0.45% Unchanged
96 Engineers Gate Manager LP 0.14% of their portfolio NEW YORK, NY 21,10421.1k $11.6m $11.6m 0.14% Added +3.8k +3,765
97 LMR Partners LLP 0.18% of their portfolio LONDON, X0 20,80020.8k $11.5m $11.5m 0.18% Added +7.7k +7,670
98 Driehaus Capital Management LLC 0.09% of their portfolio Chicago, IL 20,74420.7k $11.4m $11.4m 0.09% Reduced -28.3k -28,327
99 Quadrature Capital Ltd 0.19% of their portfolio LONDON, X0 20,50120.5k $11.3m $11.3m 0.19% New
100 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 19,93019.9k $11.0m $11.0m 0.00% Reduced -77.0k -76,984