ARGENX SE ARGX
SPONSORED ADR · ADR · CUSIP 04016X101 · ISIN US04016X1019
- SectorHealth care
- IndustryBiological Products, (No Diagnostic Substances)
- FilingsSEC EDGAR
* 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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $737.75. Options: 21 managers hold calls ($549.2m notional), 17 hold puts ($262.8m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 255 |
| Q4 2022 | 271 |
| Q1 2023 | 273 |
| Q2 2023 | 291 |
| Q3 2023 | 342 |
| Q4 2023 | 347 |
| Q1 2024 | 328 |
| Q2 2024 | 336 |
| Q3 2024 | 358 |
| Q4 2024 | 397 |
| Q1 2025 | 449 |
| Q2 2025 | 439 |
| Q3 2025 | 469 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 193 | 156 |
| Q1 2024 | 166 | 176 |
| Q2 2024 | 177 | 147 |
| Q3 2024 | 187 | 149 |
| Q4 2024 | 204 | 157 |
| Q1 2025 | 236 | 177 |
| Q2 2025 | 225 | 204 |
| Q3 2025 | 266 | 192 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $375.1m | $181.5m | 0.48 |
| Q1 2025 | $318.8m | $173.6m | 0.54 |
| Q2 2025 | $275.6m | $126.6m | 0.46 |
| Q3 2025 | $549.2m | $262.8m | 0.48 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +324.7k |
| FMR LLC | Added | +268.8k |
| TWO SIGMA INVESTMENTS, LP | Added | +250.3k |
| Woodline Partners LP | Added | +129.2k |
| TWO SIGMA ADVISERS, LP | Added | +125.7k |
| ALKEON CAPITAL MANAGEMENT LLC | Added | +100.0k |
| LORD, ABBETT & CO. LLC | Added | +95.8k |
| Nuveen, LLC | New | +81.4k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | Added | +75.3k |
| DEUTSCHE BANK AG\ | Added | +68.8k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.3m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Sold out | -297.1k |
| Avoro Capital Advisors LLC | Reduced | -185.0k |
| MARSHALL WACE, LLP | Reduced | -165.2k |
| Artisan Partners Limited Partnership | Reduced | -163.3k |
| Invesco Ltd. | Reduced | -158.8k |
| CITADEL ADVISORS LLC | Reduced | -152.4k |
| BRAIDWELL LP | Reduced | -118.4k |
| Assenagon Asset Management S.A. | Sold out | -112.1k |
| Balyasny Asset Management L.P. | Sold out | -89.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $128.1m173.7k shares |
| LMR Partners LLP | Added | $94.0m127.5k shares |
| Caption Management, LLC | Reduced | $70.3m95.3k shares |
| NATIONAL BANK OF CANADA /FI/ | Unchanged | $66.4m900 shares |
| D. E. Shaw & Co., Inc. | Added | $55.2m74.9k shares |
| GROUP ONE TRADING LLC | Added | $20.0m27.1k shares |
| CITADEL ADVISORS LLC | Added | $19.8m26.9k shares |
| IMC-Chicago, LLC | New | $19.8m26.8k shares |
| JANE STREET GROUP, LLC | Added | $19.3m26.2k shares |
| PEAK6 LLC | Unchanged | $14.3m19.4k shares |
Biggest puts
| Jefferies Financial Group Inc. | Unchanged | $66.7m90.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $65.9m89.4k shares |
| CITADEL ADVISORS LLC | Added | $24.0m32.5k shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | Added | $22.1m30.0k shares |
| PEAK6 LLC | Unchanged | $18.4m25.0k shares |
| JANE STREET GROUP, LLC | Added | $13.3m18.1k shares |
| IMC-Chicago, LLC | New | $12.5m16.9k shares |
| SIH Partners, LLLP | New | $9.7m13.1k shares |
| D. E. Shaw & Co., Inc. | Reduced | $7.4m10.0k shares |
| NOMURA HOLDINGS INC | Reduced | $5.5m7.5k 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 Q3 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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.22% of their portfolio | 5.7m $4.2bn | Added +268.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.29% of their portfolio | 3.6m $2.7bn | Reduced -1.3m |
| JANUS HENDERSON GROUP PLC 0.87% of their portfolio | 2.6m $1.9bn | Added +9.9k |
| Artisan Partners Limited Partnership 2.32% of their portfolio | 2.2m $1.6bn | Reduced -163.3k |
| Capital World Investors 0.20% of their portfolio | 2.0m $1.4bn | Added +8.4k |
| Avoro Capital Advisors LLC 9.45% of their portfolio | 990.0k $730.2m | Reduced -185.0k |
| Clearbridge Investments, LLC 0.42% of their portfolio | 756.9k $558.2m | Reduced -16.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio | 730.0k $538.4m | Added +324.7k |
| CITADEL ADVISORS LLC 0.42% of their portfolio | 713.6k $526.3m | Reduced -152.4k |
| RTW INVESTMENTS, LP 6.12% of their portfolio | 673.5k $496.7m | Unchanged |
| Bellevue Group AG 8.37% of their portfolio | 546.3k $402.9m | Reduced -24.7k |
| BlackRock, Inc. 0.01% of their portfolio | 523.8k $386.3m | Reduced -26.3k |
| MORGAN STANLEY 0.02% of their portfolio | 435.1k $320.9m | Added +5.8k |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 347.5k $256.3m | Reduced -82.3k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 342.4k $252.5m | Added +6.3k |
| SEI INVESTMENTS CO 0.25% of their portfolio | 312.3k $230.3m | Reduced -4.1k |
| TWO SIGMA INVESTMENTS, LP 0.33% of their portfolio | 294.2k $217.0m | Added +250.3k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 258.3k $190.5m | Reduced -21.5k |
| JENNISON ASSOCIATES LLC 0.10% of their portfolio | 240.2k $177.2m | Reduced -24.4k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 229.8k $169.5m | Added +23.9k |
| Allspring Global Investments Holdings, LLC 0.26% of their portfolio | 211.3k $162.2m | Added +26.3k |
| LORD, ABBETT & CO. LLC 0.43% of their portfolio | 196.9k $145.2m | Added +95.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 193.1k $142.4m | Added +51.0k |
| Fiera Capital Corp 0.42% of their portfolio | 177.7k $131.0m | Added +19.2k |
| ALKEON CAPITAL MANAGEMENT LLC 0.58% of their portfolio | 175.0k $129.1m | Added +100.0k |
| ORBIMED ADVISORS LLC 3.05% of their portfolio | 172.3k $127.1m | Reduced -35.7k |
| Woodline Partners LP 0.59% of their portfolio | 169.5k $125.0m | Added +129.2k |
| Pictet Asset Management Holding SA 0.12% of their portfolio | 169.3k $124.8m | Reduced -28.0k |
| D. E. Shaw & Co., Inc. 0.10% of their portfolio | 169.0k $124.7m | Added +31.1k |
| BAMCO INC /NY/ 0.33% of their portfolio | 167.7k $123.7m | Reduced -13.0k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 165.7k $122.2m | Added +54.5k |
| Jefferies Financial Group Inc. 1.05% of their portfolio | 155.0k $114.3m | Reduced -400 |
| Checkpoint Capital L.P. 37.07% of their portfolio | 150.0k $110.6m | Added +23 |
| Legal & General Group Plc 0.02% of their portfolio | 148.6k $109.6m | Added +22.8k |
| Rock Springs Capital Management LP 6.15% of their portfolio | 142.8k $105.3m | Reduced -33.0k |
| TWO SIGMA ADVISERS, LP 0.21% of their portfolio | 139.7k $103.0m | Added +125.7k |
| LAZARD ASSET MANAGEMENT LLC 0.14% of their portfolio | 137.2k $101.2m | Added +9.7k |
| TimesSquare Capital Management, LLC 1.35% of their portfolio | 127.5k $94.1m | Reduced -6.0k |
| EVENTIDE ASSET MANAGEMENT, LLC 1.52% of their portfolio | 125.4k $92.5m | Reduced -12 |
| FEDERATED HERMES, INC. 0.16% of their portfolio | 124.2k $91.6m | Added +565 |
| TD Asset Management Inc 0.07% of their portfolio | 120.9k $89.2m | Added +860 |
| 1832 Asset Management L.P. 0.14% of their portfolio | 110.7k $81.6m | Reduced -61.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 106.7k $78.7m | Added +39.9k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 96.4k $71.1m | Added +3.0k |
| PINEBRIDGE INVESTMENTS, L.P. 0.52% of their portfolio | 95.7k $70.6m | Added +19.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 95.7k $70.6m | Added +8.8k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 2.22% of their portfolio | 92.5k $68.2m | Added +75.3k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 88.7k $65.4m | Added +68.8k |
| Invesco Ltd. 0.01% of their portfolio | 84.9k $62.6m | Reduced -158.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 84.8k $62.5m | Added +30.9k |
| Nuveen, LLC 0.02% of their portfolio | 81.4k $60.0m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.15% of their portfolio | 80.6k $59.5m | Reduced -6.8k |
| Artia Global Partners LP 10.16% of their portfolio | 78.3k $57.8m | Unchanged |
| Eagle Health Investments LP 14.99% of their portfolio | 77.4k $57.1m | Unchanged |
| PGGM Investments 0.92% of their portfolio | 76.7k $56.6m | Unchanged |
| BRAIDWELL LP 1.67% of their portfolio | 76.1k $56.1m | Reduced -118.4k |
| Caisse de depot et placement du Quebec 0.10% of their portfolio | 73.6k $54.3m | Reduced -17.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 69.8k $51.4m | Added +6.8k |
| Soleus Capital Management, L.P. 2.74% of their portfolio | 69.4k $51.2m | Added +26.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 68.8k $50.7m | Reduced -3.8k |
| Aberdeen Group plc 0.08% of their portfolio | 66.7k $49.2m | Reduced -3.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 65.3k $48.2m | Added +2.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 65.1k $48.0m | Added +1.0k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 65.0k $47.9m | Added +6.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio | 62.8k $46.3m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 58.5k $43.1m | Added +19.2k |
| ARMISTICE CAPITAL, LLC 1.34% of their portfolio | 58.0k $42.8m | Reduced -22.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 55.7k $41.1m | Added +293 |
| UBS Group AG 0.01% of their portfolio | 53.8k $39.7m | Reduced -14.5k |
| Quadrature Capital Ltd 0.44% of their portfolio | 50.6k $37.3m | Added +30.1k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 49.9k $36.8m | Added +33.4k |
| Perpetual Ltd 0.45% of their portfolio | 49.4k $36.4m | Reduced -47.6k |
| Candriam S.C.A. 0.19% of their portfolio | 48.2k $35.6m | Added +2.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 47.1k $34.7m | Reduced -35.6k |
| Tri Locum Partners LP 7.36% of their portfolio | 43.4k $32.0m | Reduced -4.4k |
| Handelsbanken Fonder AB 0.10% of their portfolio | 41.1k $30.3m | Added +1.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 40.2k $29.7m | Added +4.2k |
| First Turn Management, LLC 4.29% of their portfolio | 38.8k $28.6m | Reduced -5.2k |
| BAKER BROS. ADVISORS LP 0.20% of their portfolio | 37.8k $27.9m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 36.1k $26.6m | Reduced -5.5k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 35.2k $25.9m | Reduced -23.1k |
| ODDO BHF ASSET MANAGEMENT SAS 0.81% of their portfolio | 28.9k $21.3m | Added +7.3k |
| AXA Investment Managers S.A. 0.05% of their portfolio | 26.7k $19.7m | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 26.1k $19.3m | Reduced -143 |
| LPL Financial LLC 0.01% of their portfolio | 25.8k $19.0m | Added +3.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 25.7k $19.0m | Added +3.2k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 24.5k $18.1m | Added +5.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 21.6k $15.9m | Added +5.8k |
| Driehaus Capital Management LLC 0.10% of their portfolio | 19.0k $14.0m | Reduced -1.7k |
| Squarepoint Ops LLC 0.03% of their portfolio | 19.0k $14.0m | Reduced -12.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 16.8k $12.4m | Added +11.2k |
| SANDS CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 16.6k $12.3m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 16.5k $11.8m | Reduced -7.2k |
| Patient Square Capital LP 3.06% of their portfolio | 15.5k $11.4m | Reduced -13.5k |
| MML INVESTORS SERVICES, LLC 0.03% of their portfolio | 15.4k $11.3m | Reduced -1 |
| ARDSLEY ADVISORY PARTNERS LP 1.70% of their portfolio | 15.0k $11.1m | New |
| MOORE CAPITAL MANAGEMENT, LP 0.22% of their portfolio | 15.0k $11.1m | Reduced -32.0k |
| Mediolanum International Funds Ltd 0.11% of their portfolio | 14.3k $10.3m | New |
| Erste Asset Management GmbH 0.10% of their portfolio | 14.3k $10.3m | Reduced -228 |
| Tower Research Capital LLC (TRC) 0.28% of their portfolio | 13.9k $10.2m | Reduced -5.5k |