Arga Investment Management Q2 2026 Portfolio Activity

Arga Investment Management, Lp managed a substantial portfolio valued at approximately $3.91 billion (or 3,911,979,965) as of June 30th, 2026.

Prominent Purchases This Quarter

The investor demonstrated significant buying activity in several key positions during the second quarter. Notably, they increased their stake in AERCAP HOLDINGS NV (AER), raising its portfolio allocation from a previous level to 9.38%. The position in TRIP.COM GROUP LTD-ADR (TCOM) also saw substantial growth, increasing by 128.09% or an additional 3,665,587 shares.

Arga significantly boosted its position in AGNICO EAGLE MINES LTD (AEM), acquiring a full new position of 1,568,225 shares. Similarly, they established a major presence with an entirely new holding in TENCENT MUSIC ENTERTAINM-ADR (TME) and also significantly increased their stake in BAIDU INC - SPON ADR (BIDU), acquiring 829,155 shares to bring the allocation up to its current level.

Furthermore, the investor showed strong interest in BANCO BRADESCO-ADR (BBD), increasing their position by 4,422,031 shares or -5.89%, which slightly reduced its allocation but still remains a significant part of the portfolio at over 6%.

Notable Sales and Reductions

In contrast to these purchases, Arga Investment Management also recorded notable reductions in certain holdings during Q2 2026. The position in NOKIA CORP-SPON ADR (NOK) experienced a dramatic decrease of -76.97%, effectively exiting or significantly scaling down this investment.

The investor sold shares from LAS VEGAS SANDS CORP (LVS), reducing its allocation by 1,483,260.95 dollars worth or -66.27% in share count terms.

Additionally, the investor trimmed their position in MELCO RESORTS & ENTERT-ADR (MLCO), reducing it by 14.5%. They also decreased holdings in BIOMARIN PHARMACEUTICAL INC (BMRN) and JBS NV-A (N4732M103), though the latter two are smaller positions.

Portfolio Allocation Shifts

The portfolio's allocation across sectors as of June 30th, 2026 reflects a mix dominated by Financial Services and Consumer Cyclical stocks. Technology remains a significant sector with approximately $509 million invested (13.02% of the total).

Arga Investment Management appears to favor large-cap technology companies like Trip.com Group, alongside substantial positions in financial institutions such as Banco Bradesco ADR and consumer-related holdings.

Overall Portfolio Changes

The investor's portfolio held 116 distinct positions this quarter. The top five holdings accounted for approximately 40.82% of the total value, indicating a concentrated approach to investing.