Vault-13

ARGENX SE ARGX

SPONSORED ADR · ADR · CUSIP 04016X101 · ISIN US04016X1019

469 institutional holders +30 vs Q2 2025
30,527,99230.5m shares reported held*
$22.5bnreported value*
88 new 178 added 136 reduced 56 sold out net sold ≈ $1.2bn (-1.6m 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 ($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

0200400600Q3 22: 255Q4 22: 271Q1 23: 273Q2 23: 291Q3 23: 342Q4 23: 347Q1 24: 328Q2 24: 336Q3 24: 358Q4 24: 397Q1 25: 449Q2 25: 439Q3 25: 469469Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025469

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 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 25Q2 25: 225 bought or addedQ2 25: 204 cut or sold outQ3 25: 266 bought or addedQ3 25: 192 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023193156
Q1 2024166176
Q2 2024177147
Q3 2024187149
Q4 2024204157
Q1 2025236177
Q2 2025225204
Q3 2025266192

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ4 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 0.46Q3 25 calls: $549.2mQ3 25 puts: $262.8mQ3 25P/C 0.48
Numbers
QuarterCallsPutsP/C
Q4 2024$375.1m$181.5m0.48
Q1 2025$318.8m$173.6m0.54
Q2 2025$275.6m$126.6m0.46
Q3 2025$549.2m$262.8m0.48

Biggest buyers

WELLINGTON MANAGEMENT GROUP LLP Added +324,653+324.7k
FMR LLC Added +268,838+268.8k
TWO SIGMA INVESTMENTS, LP Added +250,278+250.3k
Woodline Partners LP Added +129,205+129.2k
TWO SIGMA ADVISERS, LP Added +125,700+125.7k
ALKEON CAPITAL MANAGEMENT LLC Added +100,000+100.0k
LORD, ABBETT & CO. LLC Added +95,798+95.8k
Nuveen, LLC New +81,400+81.4k
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Added +75,331+75.3k
DEUTSCHE BANK AG\ Added +68,794+68.8k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,339,567-1.3m
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -297,113-297.1k
Avoro Capital Advisors LLC Reduced -185,000-185.0k
MARSHALL WACE, LLP Reduced -165,199-165.2k
Artisan Partners Limited Partnership Reduced -163,266-163.3k
Invesco Ltd. Reduced -158,827-158.8k
CITADEL ADVISORS LLC Reduced -152,411-152.4k
BRAIDWELL LP Reduced -118,400-118.4k
Assenagon Asset Management S.A. Sold out -112,057-112.1k
Balyasny Asset Management L.P. Sold out -89,296-89.3k

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.22% of their portfolio BOSTON, MA 5,692,3465.7m $4.2bn $4.2bn 0.22% Added +268.8k +268,838
2 PRICE T ROWE ASSOCIATES INC /MD/ 0.29% of their portfolio BALTIMORE, MD 3,640,4093.6m $2.7bn $2.7bn 0.29% Reduced -1.3m -1,339,567
3 JANUS HENDERSON GROUP PLC 0.87% of their portfolio LONDON, X0 2,575,2512.6m $1.9bn $1.9bn 0.87% Added +9.9k +9,852
4 Artisan Partners Limited Partnership 2.32% of their portfolio Milwaukee, WI 2,186,5102.2m $1.6bn $1.6bn 2.32% Reduced -163.3k -163,266
5 Capital World Investors 0.20% of their portfolio LOS ANGELES, CA 1,959,5042.0m $1.4bn $1.4bn 0.20% Added +8.4k +8,422
6 Avoro Capital Advisors LLC 9.45% of their portfolio NEW YORK, NY 990,000990.0k $730.2m $730.2m 9.45% Reduced -185.0k -185,000
7 Clearbridge Investments, LLC 0.42% of their portfolio NEW YORK, NY 756,862756.9k $558.2m $558.2m 0.42% Reduced -16.0k -16,004
8 WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio Boston, MA 729,986730.0k $538.4m $538.4m 0.09% Added +324.7k +324,653
9 CITADEL ADVISORS LLC 0.42% of their portfolio MIAMI, FL 713,559713.6k $526.3m $526.3m 0.42% Reduced -152.4k -152,411
10 RTW INVESTMENTS, LP 6.12% of their portfolio NEW YORK, NY 673,497673.5k $496.7m $496.7m 6.12% Unchanged
11 Bellevue Group AG 8.37% of their portfolio ZURICH, V8 546,328546.3k $402.9m $402.9m 8.37% Reduced -24.7k -24,711
12 BlackRock, Inc. 0.01% of their portfolio New York, NY 523,801523.8k $386.3m $386.3m 0.01% Reduced -26.3k -26,345
13 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 435,106435.1k $320.9m $320.9m 0.02% Added +5.8k +5,815
14 MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio NEW YORK, NY 347,518347.5k $256.3m $256.3m 0.20% Reduced -82.3k -82,326
15 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 342,379342.4k $252.5m $252.5m 0.02% Added +6.3k +6,259
16 SEI INVESTMENTS CO 0.25% of their portfolio OAKS, PA 312,268312.3k $230.3m $230.3m 0.25% Reduced -4.1k -4,131
17 TWO SIGMA INVESTMENTS, LP 0.33% of their portfolio NEW YORK, NY 294,160294.2k $217.0m $217.0m 0.33% Added +250.3k +250,278
18 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 258,274258.3k $190.5m $190.5m 0.05% Reduced -21.5k -21,529
19 JENNISON ASSOCIATES LLC 0.10% of their portfolio NEW YORK, NY 240,228240.2k $177.2m $177.2m 0.10% Reduced -24.4k -24,419
20 AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio KANSAS CITY, MO 229,770229.8k $169.5m $169.5m 0.09% Added +23.9k +23,864
21 Allspring Global Investments Holdings, LLC 0.26% of their portfolio CHARLOTTE, NC 211,330211.3k $162.2m $162.2m 0.26% Added +26.3k +26,343
22 LORD, ABBETT & CO. LLC 0.43% of their portfolio JERSEY CITY, NJ 196,877196.9k $145.2m $145.2m 0.43% Added +95.8k +95,798
23 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 193,113193.1k $142.4m $142.4m 0.02% Added +51.0k +50,963
24 Fiera Capital Corp 0.42% of their portfolio MONTREAL, A8 177,654177.7k $131.0m $131.0m 0.42% Added +19.2k +19,180
25 ALKEON CAPITAL MANAGEMENT LLC 0.58% of their portfolio New York, NY 175,000175.0k $129.1m $129.1m 0.58% Added +100.0k +100,000
26 ORBIMED ADVISORS LLC 3.05% of their portfolio New York, NY 172,300172.3k $127.1m $127.1m 3.05% Reduced -35.7k -35,700
27 Woodline Partners LP 0.59% of their portfolio San Francisco, CA 169,476169.5k $125.0m $125.0m 0.59% Added +129.2k +129,205
28 Pictet Asset Management Holding SA 0.12% of their portfolio CAROUGE, V8 169,333169.3k $124.8m $124.8m 0.12% Reduced -28.0k -27,953
29 D. E. Shaw & Co., Inc. 0.10% of their portfolio New York, NY 169,028169.0k $124.7m $124.7m 0.10% Added +31.1k +31,064
30 BAMCO INC /NY/ 0.33% of their portfolio NEW YORK, NY 167,694167.7k $123.7m $123.7m 0.33% Reduced -13.0k -13,039
31 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 165,658165.7k $122.2m $122.2m 0.03% Added +54.5k +54,463
32 Jefferies Financial Group Inc. 1.05% of their portfolio NEW YORK, NY 155,000155.0k $114.3m $114.3m 1.05% Reduced -400 -400
33 Checkpoint Capital L.P. 37.07% of their portfolio SAN FRANCISCO, CA 150,000150.0k $110.6m $110.6m 37.07% Added +23 +23
34 Legal & General Group Plc 0.02% of their portfolio London, X0 148,619148.6k $109.6m $109.6m 0.02% Added +22.8k +22,810
35 Rock Springs Capital Management LP 6.15% of their portfolio Baltimore, MD 142,750142.8k $105.3m $105.3m 6.15% Reduced -33.0k -33,000
36 TWO SIGMA ADVISERS, LP 0.21% of their portfolio NEW YORK, NY 139,700139.7k $103.0m $103.0m 0.21% Added +125.7k +125,700
37 LAZARD ASSET MANAGEMENT LLC 0.14% of their portfolio NEW YORK, NY 137,196137.2k $101.2m $101.2m 0.14% Added +9.7k +9,708
38 TimesSquare Capital Management, LLC 1.35% of their portfolio NEW YORK, NY 127,530127.5k $94.1m $94.1m 1.35% Reduced -6.0k -6,050
39 EVENTIDE ASSET MANAGEMENT, LLC 1.52% of their portfolio Boston, MA 125,371125.4k $92.5m $92.5m 1.52% Reduced -12 -12
40 FEDERATED HERMES, INC. 0.16% of their portfolio PITTSBURGH, PA 124,224124.2k $91.6m $91.6m 0.16% Added +565 +565
41 TD Asset Management Inc 0.07% of their portfolio Toronto, A6 120,902120.9k $89.2m $89.2m 0.07% Added +860 +860
42 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 110,700110.7k $81.6m $81.6m 0.14% Reduced -61.7k -61,700
43 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 106,714106.7k $78.7m $78.7m 0.06% Added +39.9k +39,919
44 Ensign Peak Advisors, Inc 0.12% of their portfolio SALT LAKE CITY, UT 96,36196.4k $71.1m $71.1m 0.12% Added +3.0k +3,025
45 PINEBRIDGE INVESTMENTS, L.P. 0.52% of their portfolio NEW YORK, NY 95,72395.7k $70.6m $70.6m 0.52% Added +19.0k +18,982
46 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 95,71195.7k $70.6m $70.6m 0.02% Added +8.8k +8,850
47 SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 2.22% of their portfolio Boston, MA 92,45492.5k $68.2m $68.2m 2.22% Added +75.3k +75,331
48 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 88,72488.7k $65.4m $65.4m 0.02% Added +68.8k +68,794
49 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 84,91984.9k $62.6m $62.6m 0.01% Reduced -158.8k -158,827
50 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 84,75384.8k $62.5m $62.5m 0.02% Added +30.9k +30,918
51 Nuveen, LLC 0.02% of their portfolio CHARLOTTE, NC 81,40081.4k $60.0m $60.0m 0.02% New
52 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.15% of their portfolio Paris, I0 80,63280.6k $59.5m $59.5m 0.15% Reduced -6.8k -6,782
53 Artia Global Partners LP 10.16% of their portfolio MIAMI, FL 78,31178.3k $57.8m $57.8m 10.16% Unchanged
54 Eagle Health Investments LP 14.99% of their portfolio Greenwich, CT 77,43077.4k $57.1m $57.1m 14.99% Unchanged
55 PGGM Investments 0.92% of their portfolio ZEIST, P7 76,69976.7k $56.6m $56.6m 0.92% Unchanged
56 BRAIDWELL LP 1.67% of their portfolio STAMFORD, CT 76,09176.1k $56.1m $56.1m 1.67% Reduced -118.4k -118,400
57 Caisse de depot et placement du Quebec 0.10% of their portfolio Montreal, A8 73,59573.6k $54.3m $54.3m 0.10% Reduced -17.3k -17,300
58 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 69,75169.8k $51.4m $51.4m 0.01% Added +6.8k +6,819
59 Soleus Capital Management, L.P. 2.74% of their portfolio GREENWICH, CT 69,42669.4k $51.2m $51.2m 2.74% Added +26.6k +26,550
60 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 68,79468.8k $50.7m $50.7m 0.02% Reduced -3.8k -3,794
61 Aberdeen Group plc 0.08% of their portfolio EDINBURGH, X0 66,67666.7k $49.2m $49.2m 0.08% Reduced -3.6k -3,617
62 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 65,28665.3k $48.2m $48.2m 0.04% Added +2.0k +2,043
63 NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio ALBANY, NY 65,12265.1k $48.0m $48.0m 0.06% Added +1.0k +1,020
64 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 64,98565.0k $47.9m $47.9m 0.04% Added +6.2k +6,215
65 ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio Boston, MA 62,80462.8k $46.3m $46.3m 0.08% New
66 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio JUPITER, FL 58,49158.5k $43.1m $43.1m 0.14% Added +19.2k +19,191
67 ARMISTICE CAPITAL, LLC 1.34% of their portfolio NEW YORK, NY 58,00058.0k $42.8m $42.8m 1.34% Reduced -22.0k -22,000
68 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 55,67455.7k $41.1m $41.1m 0.01% Added +293 +293
69 UBS Group AG 0.01% of their portfolio ZURICH, V8 53,79353.8k $39.7m $39.7m 0.01% Reduced -14.5k -14,483
70 Quadrature Capital Ltd 0.44% of their portfolio LONDON, X0 50,60350.6k $37.3m $37.3m 0.44% Added +30.1k +30,102
71 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 49,90449.9k $36.8m $36.8m 0.04% Added +33.4k +33,384
72 Perpetual Ltd 0.45% of their portfolio SYDNEY, NEW SOUTH WALES, C3 49,37949.4k $36.4m $36.4m 0.45% Reduced -47.6k -47,576
73 Candriam S.C.A. 0.19% of their portfolio STRASSEN, N4 48,20048.2k $35.6m $35.6m 0.19% Added +2.6k +2,633
74 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 47,06447.1k $34.7m $34.7m 0.01% Reduced -35.6k -35,564
75 Tri Locum Partners LP 7.36% of their portfolio NEW YORK, NY 43,41143.4k $32.0m $32.0m 7.36% Reduced -4.4k -4,382
76 Handelsbanken Fonder AB 0.10% of their portfolio STOCKHOLM, V7 41,10541.1k $30.3m $30.3m 0.10% Added +1.4k +1,352
77 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 40,22040.2k $29.7m $29.7m 0.01% Added +4.2k +4,227
78 First Turn Management, LLC 4.29% of their portfolio DEL MAR, CA 38,76738.8k $28.6m $28.6m 4.29% Reduced -5.2k -5,186
79 BAKER BROS. ADVISORS LP 0.20% of their portfolio NEW YORK, NY 37,76037.8k $27.9m $27.9m 0.20% Unchanged
80 VAN ECK ASSOCIATES CORP 0.02% of their portfolio NEW YORK, NY 36,07136.1k $26.6m $26.6m 0.02% Reduced -5.5k -5,527
81 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 35,18335.2k $25.9m $25.9m 0.04% Reduced -23.1k -23,102
82 ODDO BHF ASSET MANAGEMENT SAS 0.81% of their portfolio PARIS, I0 28,88928.9k $21.3m $21.3m 0.81% Added +7.3k +7,315
83 AXA Investment Managers S.A. 0.05% of their portfolio PUTEAUX, I0 26,71026.7k $19.7m $19.7m 0.05% First filing
84 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 26,11426.1k $19.3m $19.3m 0.00% Reduced -143 -143
85 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 25,77025.8k $19.0m $19.0m 0.01% Added +3.7k +3,716
86 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 25,74925.7k $19.0m $19.0m 0.01% Added +3.2k +3,169
87 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 24,50324.5k $18.1m $18.1m 0.03% Added +5.4k +5,433
88 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 21,61021.6k $15.9m $15.9m 0.02% Added +5.8k +5,755
89 Driehaus Capital Management LLC 0.10% of their portfolio Chicago, IL 19,03419.0k $14.0m $14.0m 0.10% Reduced -1.7k -1,710
90 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 18,98519.0k $14.0m $14.0m 0.03% Reduced -12.3k -12,311
91 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,84416.8k $12.4m $12.4m 0.00% Added +11.2k +11,231
92 SANDS CAPITAL MANAGEMENT, LLC 0.03% of their portfolio ARLINGTON, VA 16,62516.6k $12.3m $12.3m 0.03% New
93 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 16,46016.5k $11.8m $11.8m 0.01% Reduced -7.2k -7,168
94 Patient Square Capital LP 3.06% of their portfolio MENLO PARK, CA 15,50015.5k $11.4m $11.4m 3.06% Reduced -13.5k -13,500
95 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 15,37915.4k $11.3m $11.3m 0.03% Reduced -1 -1
96 ARDSLEY ADVISORY PARTNERS LP 1.70% of their portfolio Norwalk, CT 15,00015.0k $11.1m $11.1m 1.70% New
97 MOORE CAPITAL MANAGEMENT, LP 0.22% of their portfolio NEW YORK, NY 15,00015.0k $11.1m $11.1m 0.22% Reduced -32.0k -32,000
98 Mediolanum International Funds Ltd 0.11% of their portfolio DUBLIN 1, L2 14,33914.3k $10.3m $10.3m 0.11% New
99 Erste Asset Management GmbH 0.10% of their portfolio VIENNA, C4 14,26814.3k $10.3m $10.3m 0.10% Reduced -228 -228
100 Tower Research Capital LLC (TRC) 0.28% of their portfolio NEW YORK, NY 13,85313.9k $10.2m $10.2m 0.28% Reduced -5.5k -5,486