Vault-13

ARGO GROUP INTL HLDGS LTD AGII

COM · Common Stock · CUSIP G0464B107

151 institutional holders -3 vs Q4 2022
37,099,63537.1m shares reported held*
$1.1bnreported value*
43 new 42 added 39 reduced 46 sold out net bought ≈ $126.1m (+4.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $29.25. Options: 7 managers hold calls ($1.2m notional), 2 hold puts ($5.9k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 154Q4 22: 154Q1 23: 151151Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022154
Q4 2022154
Q1 2023151

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 66 bought or addedQ4 22: 76 cut or sold outQ4 22Q1 23: 85 bought or addedQ1 23: 85 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226676
Q1 20238585

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $10.3kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $1.2mQ1 23 puts: $5.9kQ1 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$10.3k$00.00
Q1 2023$1.2m$5.9k0.00

Biggest buyers

FourWorld Capital Management LLC New +2,756,803+2.8m
Corbin Capital Partners, L.P. New +1,366,198+1.4m
Pentwater Capital Management LP New +1,300,000+1.3m
FIL Ltd New +1,165,500+1.2m
GLAZER CAPITAL, LLC New +1,052,907+1.1m
Oasis Management Co Ltd. New +833,600+833.6k
Carlson Capital, L.P. New +800,000+800.0k
GOLDMAN SACHS GROUP INC Added +760,739+760.7k
MILLENNIUM MANAGEMENT LLC Added +749,007+749.0k
TWO SIGMA ADVISERS, LP Added +541,100+541.1k

Biggest sellers

Voce Capital Management LLC Sold out -3,317,697-3.3m
Champlain Investment Partners, LLC Sold out -1,909,990-1.9m
Enstar Group LTD Sold out -1,700,000-1.7m
Jefferies Financial Group Inc. Sold out -893,246-893.2k
Point72 Asset Management, L.P. Sold out -885,099-885.1k
FRONTIER CAPITAL MANAGEMENT CO LLC Sold out -730,532-730.5k
TOWLE & CO Sold out -441,288-441.3k
AMERIPRISE FINANCIAL INC Reduced -433,747-433.7k
JACOBS LEVY EQUITY MANAGEMENT, INC Sold out -390,186-390.2k
VOYA INVESTMENT MANAGEMENT LLC Reduced -245,314-245.3k

Biggest calls

CITADEL ADVISORS LLC Added $310.5k10.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $228.5k7.8k shares
Parallax Volatility Advisers, L.P. New $228.5k7.8k shares
Belvedere Trading LLC New $225.5k7.7k shares
SIMPLEX TRADING, LLC New $205.0k7.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
FNY Investment Advisers, LLC New $012 shares

Biggest puts

CITADEL ADVISORS LLC New $5.9k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 3,322,9883.3m $97.3m $97.3m 0.00% Added +49.1k +49,093
2 FourWorld Capital Management LLC 53.17% of their portfolio NEW YORK, NY 2,756,8032.8m $80.7m $80.7m 53.17% New
3 BlackRock Inc. 0.00% of their portfolio New York, NY 2,603,5102.6m $76.3m $76.3m 0.00% Added +134.4k +134,359
4 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 2,157,5812.2m $63.2m $63.2m 0.02% Added +39.4k +39,385
5 PZENA INVESTMENT MANAGEMENT LLC 0.21% of their portfolio NEW YORK, NY 1,651,3211.7m $48.4m $48.4m 0.21% Reduced -240.6k -240,618
6 Corbin Capital Partners, L.P. 21.73% of their portfolio NEW YORK, NY 1,366,1981.4m $39.0m $39.0m 21.73% New
7 Pentwater Capital Management LP 0.63% of their portfolio Naples, FL 1,300,0001.3m $38.1m $38.1m 0.63% New
8 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.70% of their portfolio AMSTERDAM, P7 1,247,8451.2m $36.5m $36.5m 0.70% Reduced -27.6k -27,600
9 FIL Ltd 0.04% of their portfolio HAMILTON, D0 1,165,5001.2m $34.1m $34.1m 0.04% New
10 GLAZER CAPITAL, LLC 1.69% of their portfolio New York, NY 1,052,9071.1m $30.8m $30.8m 1.69% New
11 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,041,6191.0m $30.5m $30.5m 0.01% Added +760.7k +760,739
12 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio CHICAGO, IL 866,017866.0k $25.4m $25.4m 0.09% Added +6.1k +6,060
13 Oasis Management Co Ltd. 4.58% of their portfolio GRAND CAYMAN, E9 833,600833.6k $24.4m $24.4m 4.58% New
14 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 807,864807.9k $23.7m $23.7m 0.01% Reduced -433.7k -433,747
15 Carlson Capital, L.P. 2.20% of their portfolio DALLAS, TX 800,000800.0k $23.4m $23.4m 2.20% New
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 791,602791.6k $23.2m $23.2m 0.00% Added +400.0k +399,954
17 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 776,912776.9k $22.8m $22.8m 0.03% Added +749.0k +749,007
18 TWO SIGMA ADVISERS, LP 0.05% of their portfolio NEW YORK, NY 703,800703.8k $20.6m $20.6m 0.05% Added +541.1k +541,100
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 686,142686.1k $20.1m $20.1m 0.00% Added +13.3k +13,288
20 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 637,172637.2k $18.7m $18.7m 0.00% Added +21.8k +21,819
21 KENNEDY CAPITAL MANAGEMENT LLC 0.54% of their portfolio ST LOUIS, MO 625,450625.5k $18.3m $18.3m 0.54% Reduced -70.6k -70,621
22 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.09% of their portfolio TORONTO, A6 519,500519.5k $15.2m $15.2m 0.09% New
23 Westchester Capital Management, LLC 0.48% of their portfolio VALHALLA, NY 518,471518.5k $15.2m $15.2m 0.48% New
24 WATER ISLAND CAPITAL LLC 1.22% of their portfolio NEW YORK, NY 511,945511.9k $15.0m $15.0m 1.22% New
25 PRIVATE MANAGEMENT GROUP INC 0.66% of their portfolio IRVINE, CA 497,374497.4k $14.6m $14.6m 0.66% Reduced -2.4k -2,367
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 465,251465.3k $13.6m $13.6m 0.00% Added +15.9k +15,930
27 Burgundy Asset Management Ltd. 0.15% of their portfolio Toronto, A6 407,714407.7k $11.9m $11.9m 0.15% Reduced -2.4k -2,383
28 AQR Arbitrage LLC 0.36% of their portfolio Greenwich, CT 399,207399.2k $11.7m $11.7m 0.36% New
29 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.81% of their portfolio Tokyo, M0 398,500398.5k $11.7m $11.7m 0.81% New
30 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 361,969362.0k $10.6m $10.6m 0.00% Reduced -5.5k -5,537
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 332,929332.9k $9.8m $9.8m 0.00% Added +264.4k +264,412
32 NORGES BANK 0.00% of their portfolio OSLO, Q8 297,352297.4k $8.7m $8.7m 0.00% Unchanged
33 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 264,072264.1k $7.7m $7.7m 0.02% Added +177.2k +177,225
34 Ergoteles LLC 0.30% of their portfolio NEW YORK, NY 263,805263.8k $7.7m $7.7m 0.30% New
35 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 259,630259.6k $7.6m $7.6m 0.01% Added +24.6k +24,569
36 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 259,053259.1k $7.6m $7.6m 0.04% New
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 241,331241.3k $7.1m $7.1m 0.00% Reduced -13.9k -13,920
38 GRACE & WHITE INC /NY 1.22% of their portfolio NY, NY 216,283216.3k $6.3m $6.3m 1.22% Reduced -93.2k -93,223
39 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 212,538212.5k $6.2m $6.2m 0.05% Added +149.8k +149,838
40 PRELUDE CAPITAL MANAGEMENT, LLC 0.37% of their portfolio NEW YORK, NY 185,126185.1k $5.4m $5.4m 0.37% Added +170.1k +170,056
41 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 168,806168.8k $4.9m $4.9m 0.00% Added +153.4k +153,360
42 BARDIN HILL MANAGEMENT PARTNERS LP 1.22% of their portfolio NEW YORK, NY 168,334168.3k $4.9m $4.9m 1.22% New
43 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 162,455162.5k $4.8m $4.8m 0.00% Added +28.3k +28,340
44 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.12% of their portfolio HOUSTON, TX 158,708158.7k $4.6m $4.6m 0.12% Reduced -4.4k -4,370
45 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 148,618148.6k $4.3m $4.3m 0.01% Reduced -2.0k -1,956
46 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 133,961134.0k $3.9m $3.9m 0.00% Reduced -1.3k -1,271
47 GABELLI & Co INVESTMENT ADVISERS, INC. 0.57% of their portfolio Rye, NY 101,750101.8k $3.0m $3.0m 0.57% New
48 First Trust Capital Management L.P. 0.12% of their portfolio CHICAGO, IL 98,30498.3k $2.9m $2.9m 0.12% New
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 89,75689.8k $2.6m $2.6m 0.00% Added +32.4k +32,435
50 GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio GREENWICH, CT 87,36487.4k $2.6m $2.6m 0.03% Added +19.4k +19,364
51 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 84,12884.1k $2.5m $2.5m 0.01% New
52 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio New York, NY 82,52582.5k $2.4m $2.4m 0.03% Reduced -2.6k -2,588
53 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 77,89877.9k $2.3m $2.3m 0.01% New
54 Swiss National Bank 0.00% of their portfolio ZURICH, V8 75,61675.6k $2.2m $2.2m 0.00% Reduced -8.9k -8,900
55 WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 74,93174.9k $2.2m $2.2m 0.04% New
56 Olympiad Research LP 2.36% of their portfolio Stamford, CT 68,96669.0k $2.0m $2.0m 2.36% First filing
57 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 68,44168.4k $2.0m $2.0m 0.04% Added +34.1k +34,096
58 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 65,81365.8k $1.9m $1.9m 0.00% Added +19.9k +19,943
59 GARDNER LEWIS ASSET MANAGEMENT L P 0.68% of their portfolio CHADDS FORD, PA 65,39265.4k $1.9m $1.9m 0.68% New
60 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 64,71964.7k $1.9m $1.9m 0.00% Added +33.1k +33,128
61 NATIXIS 0.02% of their portfolio PARIS, I0 64,50064.5k $1.9m $1.9m 0.02% New
62 MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio BOSTON, MA 61,95462.0k $1.8m $1.8m 0.03% Added +34.6k +34,630
63 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 57,95358.0k $1.7m $1.7m 0.00% Added +14.7k +14,676
64 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 51,43851.4k $1.5m $1.5m 0.00% Added +1.1k +1,077
65 EASTERLY INVESTMENT PARTNERS LLC 0.13% of their portfolio BEVERLY, MA 49,00749.0k $1.4m $1.4m 0.13% Reduced -72.1k -72,078
66 BCK CAPITAL MANAGEMENT LP 1.22% of their portfolio STAMFORD, CT 47,75247.8k $1.4m $1.4m 1.22% New
67 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 42,70642.7k $1.3m $1.3m 0.00% Unchanged
68 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 42,60642.6k $1.2m $1.2m 0.00% Reduced -499 -499
69 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 34,30034.3k $1.0m $1.0m 0.00% New
70 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 34,16934.2k $1.0m $1.0m 0.00% New
71 Kellner Capital, LLC 1.38% of their portfolio NEW YORK, NY 33,89833.9k $993.0k $993.0k 1.38% New
72 Sagefield Capital LP 0.20% of their portfolio DALLAS, TX 30,10030.1k $881.6k $881.6k 0.20% New
73 Legal & General Group Plc 0.00% of their portfolio London, X0 29,21629.2k $855.7k $855.7k 0.00% Added +849 +849
74 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 27,02527.0k $792.0k $792.0k 0.00% Added +1.2k +1,244
75 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 26,06226.1k $763.4k $763.4k 0.00% Reduced -40.5k -40,499
76 SHELL ASSET MANAGEMENT CO 0.03% of their portfolio THE HAGUE, P7 25,78725.8k $755.0k $755.0k 0.03% Added +2.6k +2,601
77 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 25,26725.3k $740.1k $740.1k 0.00% Reduced -22.0k -22,016
78 PICTET ASSET MANAGEMENT SA 0.00% of their portfolio GENEVA 73, V8 25,19925.2k $738.1k $738.1k 0.00% New
79 PDT Partners, LLC 0.10% of their portfolio New York, NY 24,27624.3k $711.0k $711.0k 0.10% Reduced -2.5k -2,459
80 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 23,45423.5k $687.0k $687.0k 0.00% Added +6.4k +6,417
81 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,07522.1k $646.6k $646.6k 0.00% Added +4.5k +4,506
82 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 21,22721.2k $621.7k $621.7k 0.00% New
83 CSS LLC/IL 0.05% of their portfolio CHICAGO, IL 21,09921.1k $618.0k $618.0k 0.05% New
84 PenderFund Capital Management Ltd. 0.25% of their portfolio VANCOUVER, A1 20,17020.2k $798 $798 0.25% New
85 Flow State Investments, L.P. 0.48% of their portfolio CHICAGO, IL 20,00020.0k $585.8k $585.8k 0.48% New
86 MCDONALD CAPITAL INVESTORS INC/CA 0.04% of their portfolio ORINDA, CA 19,75019.8k $578.5k $578.5k 0.04% New
87 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 19,61119.6k $574.8k $574.8k 0.00% Reduced -154.5k -154,455
88 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 18,83218.8k $551.6k $551.6k 0.00% Reduced -1.4k -1,422
89 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 17,81917.8k $521.9k $521.9k 0.00% Reduced -756 -756
90 Borer Denton & Associates, Inc. 0.21% of their portfolio BLUE BELL, PA 17,20017.2k $503.8k $503.8k 0.21% Reduced -2.1k -2,140
91 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 16,96317.0k $496.8k $496.8k 0.00% Unchanged
92 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,60916.6k $486.5k $486.5k 0.00% Added +7.9k +7,858
93 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 16,08016.1k $471.0k $471.0k 0.00% Reduced -6.8k -6,792
94 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 15,46715.5k $453.1k $453.1k 0.00% New
95 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 15,33115.3k $449.0k $449.0k 0.00% Added +305 +305
96 FIRST HAWAIIAN BANK 0.02% of their portfolio HONOLULU, HI 15,27615.3k $447.4k $447.4k 0.02% Reduced -1.4k -1,388
97 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 14,14214.1k $414.2k $414.2k 0.00% New
98 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 13,55913.6k $397.1k $397.1k 0.00% Unchanged
99 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 13,41413.4k $392.9k $392.9k 0.00% Reduced -143.1k -143,061
100 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,40613.4k $392.7k $392.7k 0.00% Reduced -5.4k -5,438