Argan, Inc.
US ˙ NYSE ˙ US04010E1091

SecurityAGX / Argan, Inc.
InstitutionPinnacle Associates Ltd
Latest Disclosed Ownership1,970 shares
Latest Disclosed Value $ 1,072,961
Pinnacle Associates Ltd reports 52.77% decrease in ownership of AGX / Argan, Inc.

On April 21, 2026 - Pinnacle Associates Ltd filed a 13F-HR form disclosing ownership of 1,970 shares of Argan, Inc. (US:AGX) valued at $1,072,960 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 4,171 shares of Argan, Inc.. This represents a change in shares of -52.77% during the quarter. The current value of the position is $1,352,149 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-21 2026-03-31 13F ARGAN COM 04010E109 1,970 -2,201 -52.77 1,073 -17.92 0.0138
2026-02-05 2025-12-31 13F ARGAN COM 04010E109 4,171 -787 -15.87 1,307 -2.39 0.0168
2025-11-13 2025-09-30 13F ARGAN COM 04010E109 4,958 -3,345 -40.29 1,339 -26.89 0.0178
2025-08-04 2025-06-30 13F ARGAN COM 04010E109 8,303 -288 -3.35 1,831 62.52 0.0265
2025-05-06 2025-03-31 13F ARGAN COM 04010E109 8,591 -4,346 -33.59 1,127 -36.46 0.0165
2025-02-14 2024-12-31 13F ARGAN COM 04010E109 12,937 -8,775 -40.42 1,773 74.58 0.0241
2024-10-25 2024-09-30 13F ARGAN COM 04010E109 21,712 6,761 45.22 1,016 -7.14 0.0173
2024-07-30 2024-06-30 13F ARGAN COM 04010E109 14,951 -6,761 -31.14 1,094 -0.36 0.0171
2024-04-26 2024-03-31 13F ARGAN COM 04010E109 21,712 0 0.00 1,097 8.08 0.0173
2024-01-19 2023-12-31 13F ARGAN COM 04010E109 21,712 0 0.00 1,016 2.73 0.0171
2023-10-24 2023-09-30 13F ARGAN COM 04010E109 21,712 775 3.70 988 19.76 0.0184
2023-07-27 2023-06-30 13F ARGAN COM 04010E109 20,937 20,937 825 0.0143
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.