In a significant portfolio shift, Lee Ainslie's Maverick Capital has completely sold off its position in Argan Inc. (AGX), a holding company specializing in power industry construction and services. According to a recent 13F filing, which discloses trades made through June 30, 2026, the firm liquidated its entire stake of 464,759 shares. The sale had an estimated value of $253.13 million and previously accounted for 2.92% of Maverick's reported portfolio.
This disclosure provides a look into Maverick's portfolio decisions from the second quarter, as 13F filings are submitted to the SEC on a delayed basis. Argan Inc. provides a range of services including engineering, procurement, and construction for power generation facilities. The exit by a major investor like Maverick Capital is a notable development for the engineering and construction services company.