Vault-13

ARGENX SE ARGX

SPONSORED ADR · ADR · CUSIP 04016X101 · ISIN US04016X1019

477 institutional holders -32 vs Q4 2025
28,806,34828.8m shares reported held*
$21.1bnreported value*
56 new 177 added 172 reduced 89 sold out net sold ≈ $699.7m (-962.5k 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 ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $731.61. Options: 15 managers hold calls ($251.0m notional), 13 hold puts ($136.4m).

Trends to Q1 2026

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: 469Q4 25: 509Q1 26: 477477Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025509
Q1 2026477

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 247 bought or addedQ4 25: 219 cut or sold outQ1 26: 233 bought or addedQ1 26: 261 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024177147
Q3 2024187149
Q4 2024204157
Q1 2025236177
Q2 2025225204
Q3 2025266192
Q4 2025247219
Q1 2026233261

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ2 25 calls: $275.6mQ2 25 puts: $126.6mQ2 25P/C 0.46Q3 25 calls: $549.2mQ3 25 puts: $262.8mQ3 25P/C 0.48Q4 25 calls: $364.4mQ4 25 puts: $165.4mQ4 25P/C 0.45Q1 26 calls: $251.0mQ1 26 puts: $136.4mQ1 26P/C 0.54
Numbers
QuarterCallsPutsP/C
Q2 2025$275.6m$126.6m0.46
Q3 2025$549.2m$262.8m0.48
Q4 2025$364.4m$165.4m0.45
Q1 2026$251.0m$136.4m0.54

Biggest buyers

WELLINGTON MANAGEMENT GROUP LLP Added +342,221+342.2k
Capital World Investors Added +339,982+340.0k
Invesco Ltd. Added +178,289+178.3k
BNP PARIBAS FINANCIAL MARKETS Added +107,092+107.1k
ADAGE CAPITAL PARTNERS GP, L.L.C. New +90,000+90.0k
JANUS HENDERSON GROUP PLC Added +83,568+83.6k
BlackRock, Inc. Added +72,739+72.7k
BANK OF MONTREAL /CAN/ Added +68,956+69.0k
GOLDMAN SACHS GROUP INC Added +64,779+64.8k
BRAIDWELL LP Added +53,932+53.9k

Biggest sellers

FMR LLC Reduced -601,285-601.3k
Artisan Partners Limited Partnership Reduced -288,960-289.0k
Clearbridge Investments, LLC Reduced -282,408-282.4k
VOYA INVESTMENT MANAGEMENT LLC Reduced -163,553-163.6k
TWO SIGMA INVESTMENTS, LP Reduced -149,435-149.4k
Bellevue Group AG Reduced -148,854-148.9k
TWO SIGMA ADVISERS, LP Sold out -135,500-135.5k
CITADEL ADVISORS LLC Reduced -131,725-131.7k
ACADIAN ASSET MANAGEMENT LLC Sold out -117,887-117.9k
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Sold out -82,620-82.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $96.8m132.5k shares
D. E. Shaw & Co., Inc. Added $55.6m76.1k shares
CITADEL ADVISORS LLC Added $30.4m41.6k shares
IMC-Chicago, LLC Reduced $16.1m22.0k shares
Caption Management, LLC Unchanged $16.1m22.0k shares
LMR Partners LLP Reduced $13.4m18.4k shares
JANE STREET GROUP, LLC Reduced $5.8m7.9k shares
SIMPLEX TRADING, LLC Added $5.3m7.3k shares
JPMORGAN CHASE & CO Reduced $4.9m7.0k shares
Point72 Asset Management, L.P. Reduced $3.2m4.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $67.5m92.4k shares
CITADEL ADVISORS LLC Added $21.5m29.5k shares
IMC-Chicago, LLC Added $19.5m26.7k shares
JANE STREET GROUP, LLC Added $7.4m10.1k shares
JPMORGAN CHASE & CO New $4.9m7.0k shares
D. E. Shaw & Co., Inc. Added $4.2m5.8k shares
Squarepoint Ops LLC Added $4.0m5.5k shares
SIMPLEX TRADING, LLC Added $3.3m4.5k shares
Point72 Asset Management, L.P. Reduced $2.0m2.7k shares
SIH Partners, LLLP Reduced $730.2k1.0k 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 2026

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 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.19% of their portfolio BOSTON, MA 4,991,0345.0m $3.6bn $3.6bn 0.19% Reduced -601.3k -601,285
2 PRICE T ROWE ASSOCIATES INC /MD/ 0.28% of their portfolio BALTIMORE, MD 3,374,9553.4m $2.5bn $2.5bn 0.28% Added +12.6k +12,631
3 JANUS HENDERSON GROUP PLC 0.88% of their portfolio LONDON, X0 2,541,7322.5m $1.8bn $1.8bn 0.88% Added +83.6k +83,568
4 Capital World Investors 0.22% of their portfolio LOS ANGELES, CA 2,256,2162.3m $1.6bn $1.6bn 0.22% Added +340.0k +339,982
5 Artisan Partners Limited Partnership 1.75% of their portfolio Milwaukee, WI 1,467,9821.5m $1.1bn $1.1bn 1.75% Reduced -289.0k -288,960
6 WELLINGTON MANAGEMENT GROUP LLP 0.14% of their portfolio Boston, MA 1,021,4571.0m $745.9m $745.9m 0.14% Added +342.2k +342,221
7 Avoro Capital Advisors LLC 7.19% of their portfolio NEW YORK, NY 1,000,0001.0m $730.2m $730.2m 7.19% Added +10.0k +10,000
8 BlackRock, Inc. 0.01% of their portfolio New York, NY 808,337808.3k $590.3m $590.3m 0.01% Added +72.7k +72,739
9 RTW INVESTMENTS, LP 5.16% of their portfolio NEW YORK, NY 709,446709.4k $518.1m $518.1m 5.16% Added +35.9k +35,949
10 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 594,697594.7k $434.3m $434.3m 0.04% Added +178.3k +178,289
11 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 560,711560.7k $409.5m $409.5m 0.02% Added +41.9k +41,859
12 ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio NASHVILLE, TN 422,304422.3k $355.1m $355.1m 0.11% Added +8.1k +8,122
13 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 400,117400.1k $292.2m $292.2m 0.02% Reduced -659 -659
14 SANDS CAPITAL MANAGEMENT, LLC 0.97% of their portfolio ARLINGTON, VA 340,285340.3k $248.5m $248.5m 0.97% Reduced -16.6k -16,585
15 Bellevue Group AG 5.44% of their portfolio ZURICH, V8 313,000313.0k $228.6m $228.6m 5.44% Reduced -148.9k -148,854
16 SEI INVESTMENTS CO 0.19% of their portfolio OAKS, PA 286,966287.0k $209.6m $209.6m 0.19% Reduced -43.5k -43,540
17 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.64% of their portfolio CHICAGO, IL 266,067266.1k $194.4m $194.4m 0.64% Added +42.4k +42,401
18 JENNISON ASSOCIATES LLC 0.12% of their portfolio NEW YORK, NY 237,468237.5k $173.4m $173.4m 0.12% Added +7.7k +7,707
19 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 233,493233.5k $170.5m $170.5m 0.04% Reduced -4.2k -4,208
20 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 231,985232.0k $169.4m $169.4m 0.02% Added +64.8k +64,779
21 Clearbridge Investments, LLC 0.15% of their portfolio NEW YORK, NY 231,356231.4k $168.9m $168.9m 0.15% Reduced -282.4k -282,408
22 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 219,126219.1k $160.0m $160.0m 0.11% Reduced -131.7k -131,725
23 Fiera Capital Corp 0.54% of their portfolio MONTREAL, A8 217,198217.2k $158.6m $158.6m 0.54% Reduced -8.8k -8,773
24 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 215,910215.9k $157.7m $157.7m 0.04% Added +28.8k +28,771
25 BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio PARIS, I0 177,836177.8k $129.9m $129.9m 0.09% Added +107.1k +107,092
26 Allspring Global Investments Holdings, LLC 0.22% of their portfolio CHARLOTTE, NC 175,311175.3k $130.3m $130.3m 0.22% Added +2.6k +2,579
27 AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio KANSAS CITY, MO 173,700173.7k $126.8m $126.8m 0.07% Reduced -47.3k -47,348
28 Checkpoint Capital L.P. 40.10% of their portfolio SAN FRANCISCO, CA 153,000153.0k $111.7m $111.7m 40.10% Added +11.0k +11,000
29 LORD, ABBETT & CO. LLC 0.36% of their portfolio JERSEY CITY, NJ 152,083152.1k $111.1m $111.1m 0.36% Reduced -51.8k -51,781
30 Legal & General Group Plc 0.03% of their portfolio London, X0 150,850150.8k $110.2m $110.2m 0.03% Added +6.5k +6,495
31 Pictet Asset Management Holding SA 0.11% of their portfolio CAROUGE, V8 148,306148.3k $108.0m $108.0m 0.11% Reduced -4.9k -4,905
32 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 139,381139.4k $101.8m $101.8m 0.03% Added +4.7k +4,671
33 BAMCO INC /NY/ 0.31% of their portfolio NEW YORK, NY 138,648138.6k $101.2m $101.2m 0.31% Reduced -15.1k -15,071
34 ORBIMED ADVISORS LLC 2.18% of their portfolio New York, NY 136,900136.9k $100.0m $100.0m 2.18% Reduced -9.1k -9,100
35 LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 133,347133.3k $97.4m $97.4m 0.16% Added +317 +317
36 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio Paris, I0 129,147129.1k $94.3m $94.3m 0.11% Added +13.8k +13,789
37 EVENTIDE ASSET MANAGEMENT, LLC 1.52% of their portfolio Boston, MA 125,657125.7k $91.7m $91.7m 1.52% Added +4.4k +4,436
38 AGF MANAGEMENT LTD 0.41% of their portfolio TORONTO, A6 125,069125.1k $91.3m $91.3m 0.41% Added +378 +378
39 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 109,121109.1k $79.7m $79.7m 0.07% Reduced -149.4k -149,435
40 FIRST TRUST ADVISORS LP 0.06% of their portfolio Wheaton, IL 107,195107.2k $78.3m $78.3m 0.06% Added +53.3k +53,293
41 PINEBRIDGE INVESTMENTS LLC 0.64% of their portfolio NEW YORK, NY 103,812103.8k $75.8m $75.8m 0.64% Added +31.8k +31,772
42 Rock Springs Capital Management LP 4.24% of their portfolio Baltimore, MD 98,50098.5k $71.9m $71.9m 4.24% Reduced -4.8k -4,750
43 FEDERATED HERMES, INC. 0.11% of their portfolio PITTSBURGH, PA 95,25395.3k $69.6m $69.6m 0.11% Reduced -11.5k -11,517
44 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio Boston, MA 90,00090.0k $65.7m $65.7m 0.10% New
45 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 85,33385.3k $62.3m $62.3m 0.03% Added +69.0k +68,956
46 BRAIDWELL LP 2.07% of their portfolio STAMFORD, CT 84,93984.9k $62.0m $62.0m 2.07% Added +53.9k +53,932
47 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 84,20084.2k $61.5m $61.5m 0.08% Reduced -26.5k -26,500
48 TimesSquare Capital Management, LLC 1.03% of their portfolio NEW YORK, NY 83,11783.1k $60.7m $60.7m 1.03% Reduced -25.4k -25,392
49 Aberdeen Group plc 0.10% of their portfolio EDINBURGH, X0 82,10682.1k $60.0m $60.0m 0.10% Added +29.8k +29,759
50 TD Asset Management Inc 0.05% of their portfolio Toronto, A6 80,82480.8k $59.0m $59.0m 0.05% Reduced -20.7k -20,699
51 Eagle Health Investments LP 11.70% of their portfolio Greenwich, CT 76,33676.3k $55.7m $55.7m 11.70% Added +13.6k +13,606
52 Public Sector Pension Investment Board 0.17% of their portfolio MONTREAL, A8 73,30073.3k $53.5m $53.5m 0.17% Added +36.7k +36,700
53 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 72,36572.4k $52.8m $52.8m 0.04% Added +11.9k +11,907
54 Ensign Peak Advisors, Inc 0.10% of their portfolio SALT LAKE CITY, UT 71,59871.6k $52.3m $52.3m 0.10% Reduced -18.9k -18,854
55 PGGM Investments 0.92% of their portfolio ZEIST, P7 71,51471.5k $52.2m $52.2m 0.92% Added +16.7k +16,684
56 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 66,24166.2k $48.4m $48.4m 0.01% Unchanged
57 BESSEMER GROUP INC 0.07% of their portfolio WOODBRIDGE, NJ 64,25164.3k $46.9m $46.9m 0.07% Added +1.7k +1,714
58 Amundi 0.01% of their portfolio Paris, I0 61,43361.4k $44.9m $44.9m 0.01% Added +18.9k +18,948
59 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 61,41861.4k $44.9m $44.9m 0.01% Reduced -18.6k -18,571
60 Life Cycle Investment Partners Ltd 0.27% of their portfolio LONDON, X0 58,86758.9k $43.0m $43.0m 0.27% Added +13.0k +13,041
61 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 58,70658.7k $42.9m $42.9m 0.01% Reduced -5.5k -5,538
62 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio PHILADELPHIA, PA 58,37458.4k $42.6m $42.6m 0.07% Added +13.1k +13,059
63 Handelsbanken Fonder AB 0.13% of their portfolio STOCKHOLM, V7 54,92654.9k $40.1m $40.1m 0.13% Added +2.2k +2,248
64 Candriam S.C.A. 0.21% of their portfolio STRASSEN, N4 54,14854.1k $39.5m $39.5m 0.21% Added +5.4k +5,407
65 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 52,12252.1k $38.1m $38.1m 0.03% Added +6.6k +6,589
66 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 49,33049.3k $36.0m $36.0m 0.03% Reduced -8.1k -8,078
67 NOMURA ASSET MANAGEMENT CO LTD 0.09% of their portfolio TOKYO, M0 49,30649.3k $36.0m $36.0m 0.09% Reduced -52 -52
68 VAN ECK ASSOCIATES CORP 0.02% of their portfolio NEW YORK, NY 40,39740.4k $29.5m $29.5m 0.02% Added +5.9k +5,862
69 NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio ALBANY, NY 39,43739.4k $28.8m $28.8m 0.04% Reduced -4.6k -4,590
70 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 38,79438.8k $28.3m $28.3m 0.01% Added +2.0k +1,977
71 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 38,43838.4k $28.1m $28.1m 0.03% Added +10.0k +9,953
72 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 38,10438.1k $27.8m $27.8m 0.01% Reduced -16.3k -16,286
73 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 36,80236.8k $26.9m $26.9m 0.01% Reduced -20.7k -20,687
74 Patient Square Capital LP 4.76% of their portfolio MENLO PARK, CA 36,71836.7k $26.8m $26.8m 4.76% Added +10.7k +10,718
75 Davern Capital Partners, LP 7.02% of their portfolio NY, NY 35,04535.0k $25.6m $25.6m 7.02% Reduced -640 -640
76 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 32,91732.9k $24.0m $24.0m 0.00% Reduced -2.7k -2,743
77 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 32,25532.3k $23.6m $23.6m 0.02% Reduced -1.6k -1,592
78 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,64731.6k $23.1m $23.1m 0.00% Reduced -28.7k -28,737
79 Tri Locum Partners LP 3.24% of their portfolio NEW YORK, NY 31,63531.6k $23.1m $23.1m 3.24% Reduced -6.0k -6,018
80 Jefferies Financial Group Inc. 0.27% of their portfolio NEW YORK, NY 30,00530.0k $21.9m $21.9m 0.27% Added +5 +5
81 Hudson Bay Capital Management LP 0.13% of their portfolio STAMFORD, CT 30,00030.0k $21.9m $21.9m 0.13% Added +8.2k +8,178
82 Artia Global Partners LP 4.90% of their portfolio MIAMI, FL 29,73929.7k $21.7m $21.7m 4.90% Reduced -35.0k -34,960
83 Perpetual Ltd 0.32% of their portfolio SYDNEY, NEW SOUTH WALES, C3 28,35928.4k $20.7m $20.7m 0.32% Reduced -2.6k -2,591
84 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 27,50627.5k $20.1m $20.1m 0.00% Added +6.0k +6,001
85 Jones Hill Capital LP 4.07% of their portfolio NEW YORK, NY 25,99526.0k $19.0m $19.0m 4.07% First filing
86 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 25,53625.5k $18.6m $18.6m 0.03% Added +3.1k +3,085
87 BAKER BROS. ADVISORS LP 0.11% of their portfolio NEW YORK, NY 25,17425.2k $18.4m $18.4m 0.11% Unchanged
88 ODDO BHF ASSET MANAGEMENT SAS 0.72% of their portfolio PARIS, I0 25,00925.0k $18.3m $18.3m 0.72% Added +1.5k +1,536
89 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 23,56923.6k $17.2m $17.2m 0.00% Reduced -126 -126
90 LMR Partners LLP 0.16% of their portfolio LONDON, X0 23,48823.5k $17.2m $17.2m 0.16% Added +19.7k +19,682
91 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 23,24723.2k $17.0m $17.0m 0.00% Reduced -2.4k -2,409
92 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio JUPITER, FL 22,65122.7k $16.5m $16.5m 0.07% Added +8.5k +8,539
93 BLAIR WILLIAM & CO/IL 0.05% of their portfolio CHICAGO, IL 22,40722.4k $16.4m $16.4m 0.05% Reduced -3.9k -3,933
94 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 21,02321.0k $14.8m $14.8m 0.01% Added +9.5k +9,471
95 NATIXIS ADVISORS, LLC 0.02% of their portfolio Boston, MA 20,38020.4k $14.9m $14.9m 0.02% Reduced -2.1k -2,120
96 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 20,37920.4k $14.9m $14.9m 0.01% New
97 MIROVA 0.59% of their portfolio PARIS, I0 19,83319.8k $14.5m $14.5m 0.59% New
98 HRT FINANCIAL LP 0.05% of their portfolio NEW YORK, NY 18,75418.8k $13.7m $13.7m 0.05% Reduced -930 -930
99 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 18,67918.7k $13.6m $13.6m 0.03% Reduced -9.5k -9,523
100 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 17,18317.2k $12.5m $12.5m 0.00% Added +634 +634