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 ($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
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 |
| Q4 2025 | 509 |
| Q1 2026 | 477 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 177 | 147 |
| Q3 2024 | 187 | 149 |
| Q4 2024 | 204 | 157 |
| Q1 2025 | 236 | 177 |
| Q2 2025 | 225 | 204 |
| Q3 2025 | 266 | 192 |
| Q4 2025 | 247 | 219 |
| Q1 2026 | 233 | 261 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $275.6m | $126.6m | 0.46 |
| Q3 2025 | $549.2m | $262.8m | 0.48 |
| Q4 2025 | $364.4m | $165.4m | 0.45 |
| Q1 2026 | $251.0m | $136.4m | 0.54 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +342.2k |
| Capital World Investors | Added | +340.0k |
| Invesco Ltd. | Added | +178.3k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +107.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | New | +90.0k |
| JANUS HENDERSON GROUP PLC | Added | +83.6k |
| BlackRock, Inc. | Added | +72.7k |
| BANK OF MONTREAL /CAN/ | Added | +69.0k |
| GOLDMAN SACHS GROUP INC | Added | +64.8k |
| BRAIDWELL LP | Added | +53.9k |
Biggest sellers
| FMR LLC | Reduced | -601.3k |
| Artisan Partners Limited Partnership | Reduced | -289.0k |
| Clearbridge Investments, LLC | Reduced | -282.4k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -163.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -149.4k |
| Bellevue Group AG | Reduced | -148.9k |
| TWO SIGMA ADVISERS, LP | Sold out | -135.5k |
| CITADEL ADVISORS LLC | Reduced | -131.7k |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -117.9k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | Sold out | -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
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.19% of their portfolio | 5.0m $3.6bn | Reduced -601.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.28% of their portfolio | 3.4m $2.5bn | Added +12.6k |
| JANUS HENDERSON GROUP PLC 0.88% of their portfolio | 2.5m $1.8bn | Added +83.6k |
| Capital World Investors 0.22% of their portfolio | 2.3m $1.6bn | Added +340.0k |
| Artisan Partners Limited Partnership 1.75% of their portfolio | 1.5m $1.1bn | Reduced -289.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.14% of their portfolio | 1.0m $745.9m | Added +342.2k |
| Avoro Capital Advisors LLC 7.19% of their portfolio | 1.0m $730.2m | Added +10.0k |
| BlackRock, Inc. 0.01% of their portfolio | 808.3k $590.3m | Added +72.7k |
| RTW INVESTMENTS, LP 5.16% of their portfolio | 709.4k $518.1m | Added +35.9k |
| Invesco Ltd. 0.04% of their portfolio | 594.7k $434.3m | Added +178.3k |
| MORGAN STANLEY 0.02% of their portfolio | 560.7k $409.5m | Added +41.9k |
| ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio | 422.3k $355.1m | Added +8.1k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 400.1k $292.2m | Reduced -659 |
| SANDS CAPITAL MANAGEMENT, LLC 0.97% of their portfolio | 340.3k $248.5m | Reduced -16.6k |
| Bellevue Group AG 5.44% of their portfolio | 313.0k $228.6m | Reduced -148.9k |
| SEI INVESTMENTS CO 0.19% of their portfolio | 287.0k $209.6m | Reduced -43.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.64% of their portfolio | 266.1k $194.4m | Added +42.4k |
| JENNISON ASSOCIATES LLC 0.12% of their portfolio | 237.5k $173.4m | Added +7.7k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 233.5k $170.5m | Reduced -4.2k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 232.0k $169.4m | Added +64.8k |
| Clearbridge Investments, LLC 0.15% of their portfolio | 231.4k $168.9m | Reduced -282.4k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 219.1k $160.0m | Reduced -131.7k |
| Fiera Capital Corp 0.54% of their portfolio | 217.2k $158.6m | Reduced -8.8k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 215.9k $157.7m | Added +28.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 177.8k $129.9m | Added +107.1k |
| Allspring Global Investments Holdings, LLC 0.22% of their portfolio | 175.3k $130.3m | Added +2.6k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 173.7k $126.8m | Reduced -47.3k |
| Checkpoint Capital L.P. 40.10% of their portfolio | 153.0k $111.7m | Added +11.0k |
| LORD, ABBETT & CO. LLC 0.36% of their portfolio | 152.1k $111.1m | Reduced -51.8k |
| Legal & General Group Plc 0.03% of their portfolio | 150.8k $110.2m | Added +6.5k |
| Pictet Asset Management Holding SA 0.11% of their portfolio | 148.3k $108.0m | Reduced -4.9k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 139.4k $101.8m | Added +4.7k |
| BAMCO INC /NY/ 0.31% of their portfolio | 138.6k $101.2m | Reduced -15.1k |
| ORBIMED ADVISORS LLC 2.18% of their portfolio | 136.9k $100.0m | Reduced -9.1k |
| LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio | 133.3k $97.4m | Added +317 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio | 129.1k $94.3m | Added +13.8k |
| EVENTIDE ASSET MANAGEMENT, LLC 1.52% of their portfolio | 125.7k $91.7m | Added +4.4k |
| AGF MANAGEMENT LTD 0.41% of their portfolio | 125.1k $91.3m | Added +378 |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 109.1k $79.7m | Reduced -149.4k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 107.2k $78.3m | Added +53.3k |
| PINEBRIDGE INVESTMENTS LLC 0.64% of their portfolio | 103.8k $75.8m | Added +31.8k |
| Rock Springs Capital Management LP 4.24% of their portfolio | 98.5k $71.9m | Reduced -4.8k |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 95.3k $69.6m | Reduced -11.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 90.0k $65.7m | New |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 85.3k $62.3m | Added +69.0k |
| BRAIDWELL LP 2.07% of their portfolio | 84.9k $62.0m | Added +53.9k |
| 1832 Asset Management L.P. 0.08% of their portfolio | 84.2k $61.5m | Reduced -26.5k |
| TimesSquare Capital Management, LLC 1.03% of their portfolio | 83.1k $60.7m | Reduced -25.4k |
| Aberdeen Group plc 0.10% of their portfolio | 82.1k $60.0m | Added +29.8k |
| TD Asset Management Inc 0.05% of their portfolio | 80.8k $59.0m | Reduced -20.7k |
| Eagle Health Investments LP 11.70% of their portfolio | 76.3k $55.7m | Added +13.6k |
| Public Sector Pension Investment Board 0.17% of their portfolio | 73.3k $53.5m | Added +36.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 72.4k $52.8m | Added +11.9k |
| Ensign Peak Advisors, Inc 0.10% of their portfolio | 71.6k $52.3m | Reduced -18.9k |
| PGGM Investments 0.92% of their portfolio | 71.5k $52.2m | Added +16.7k |
| Nuveen, LLC 0.01% of their portfolio | 66.2k $48.4m | Unchanged |
| BESSEMER GROUP INC 0.07% of their portfolio | 64.3k $46.9m | Added +1.7k |
| Amundi 0.01% of their portfolio | 61.4k $44.9m | Added +18.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 61.4k $44.9m | Reduced -18.6k |
| Life Cycle Investment Partners Ltd 0.27% of their portfolio | 58.9k $43.0m | Added +13.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 58.7k $42.9m | Reduced -5.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio | 58.4k $42.6m | Added +13.1k |
| Handelsbanken Fonder AB 0.13% of their portfolio | 54.9k $40.1m | Added +2.2k |
| Candriam S.C.A. 0.21% of their portfolio | 54.1k $39.5m | Added +5.4k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 52.1k $38.1m | Added +6.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 49.3k $36.0m | Reduced -8.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.09% of their portfolio | 49.3k $36.0m | Reduced -52 |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 40.4k $29.5m | Added +5.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 39.4k $28.8m | Reduced -4.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 38.8k $28.3m | Added +2.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 38.4k $28.1m | Added +10.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 38.1k $27.8m | Reduced -16.3k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 36.8k $26.9m | Reduced -20.7k |
| Patient Square Capital LP 4.76% of their portfolio | 36.7k $26.8m | Added +10.7k |
| Davern Capital Partners, LP 7.02% of their portfolio | 35.0k $25.6m | Reduced -640 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 32.9k $24.0m | Reduced -2.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 32.3k $23.6m | Reduced -1.6k |
| UBS Group AG 0.00% of their portfolio | 31.6k $23.1m | Reduced -28.7k |
| Tri Locum Partners LP 3.24% of their portfolio | 31.6k $23.1m | Reduced -6.0k |
| Jefferies Financial Group Inc. 0.27% of their portfolio | 30.0k $21.9m | Added +5 |
| Hudson Bay Capital Management LP 0.13% of their portfolio | 30.0k $21.9m | Added +8.2k |
| Artia Global Partners LP 4.90% of their portfolio | 29.7k $21.7m | Reduced -35.0k |
| Perpetual Ltd 0.32% of their portfolio | 28.4k $20.7m | Reduced -2.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 27.5k $20.1m | Added +6.0k |
| Jones Hill Capital LP 4.07% of their portfolio | 26.0k $19.0m | First filing |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 25.5k $18.6m | Added +3.1k |
| BAKER BROS. ADVISORS LP 0.11% of their portfolio | 25.2k $18.4m | Unchanged |
| ODDO BHF ASSET MANAGEMENT SAS 0.72% of their portfolio | 25.0k $18.3m | Added +1.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 23.6k $17.2m | Reduced -126 |
| LMR Partners LLP 0.16% of their portfolio | 23.5k $17.2m | Added +19.7k |
| LPL Financial LLC 0.00% of their portfolio | 23.2k $17.0m | Reduced -2.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 22.7k $16.5m | Added +8.5k |
| BLAIR WILLIAM & CO/IL 0.05% of their portfolio | 22.4k $16.4m | Reduced -3.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 21.0k $14.8m | Added +9.5k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 20.4k $14.9m | Reduced -2.1k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 20.4k $14.9m | New |
| MIROVA 0.59% of their portfolio | 19.8k $14.5m | New |
| HRT FINANCIAL LP 0.05% of their portfolio | 18.8k $13.7m | Reduced -930 |
| Squarepoint Ops LLC 0.03% of their portfolio | 18.7k $13.6m | Reduced -9.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 17.2k $12.5m | Added +634 |