Artal International Affiliates Maintain Significant Agenus Stake

Ticker: AGEN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1098972

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**Big investor group Artal International is still holding a large chunk of Agenus stock, signaling confidence.**

AI Summary

Artal International S.C.A. and its affiliated entities, including ARTAL GROUP S.A. and INVUS PUBLIC EQUITIES, L.P., filed an amended Schedule 13G/A on February 9, 2024, indicating their ownership of Agenus Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, passive investment in the biotechnology company. For investors, this signals that a major institutional holder maintains its position, which can be interpreted as a vote of confidence in Agenus's long-term prospects.

Why It Matters

This filing shows that a large institutional investor group, Artal International S.C.A., continues to hold a substantial, passive stake in Agenus Inc., which can reassure current and potential shareholders about the company's stability and perceived value.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership disclosure and does not indicate any immediate change in investment strategy or significant risk.

Analyst Insight

Investors should note that a significant institutional holder, Artal International S.C.A., is maintaining its position in Agenus Inc. This suggests a continued belief in the company's long-term value, but as a passive investment, it doesn't signal any immediate strategic changes. It's a data point for fundamental analysis, not a trigger for short-term trading.

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of an SC 13G/A filing?

An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% of a company's stock. The '/A' indicates it's an amendment to update previously reported information, as seen in this filing by Artal International S.C.A. for Agenus Inc. common stock.

Who are the 'Group Members' listed in this filing?

The 'Group Members' listed are ARTAL GROUP S.A., ARTAL INTERNATIONAL MANAGEMENT S.A., INVUS PUBLIC EQUITIES ADVISORS, LLC, INVUS PUBLIC EQUITIES, L.P., MR. AMAURY WITTOUCK, STICHTING ADMINISTRATIEKANTOOR WESTEND, and WESTEND S.A. These entities and individuals are associated with Artal International S.C.A. and collectively report their ownership in Agenus Inc.

What is the CUSIP number for Agenus Inc. common stock?

The CUSIP number for Agenus Inc. Common Stock, $0.01 par value per share, is 00847G705, as stated on the cover page of the Schedule 13G/A filing.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023. This indicates the date as of which the ownership information being reported in this amendment was accurate.

Under which rule was this Schedule 13G filed?

This Schedule 13G/A was filed under Rule 13d-1(c), as indicated by the checked box on the cover page. This rule typically applies to institutional investors who acquire more than 5% but less than 20% of a class of equity securities for investment purposes and not with the intent to influence control.

Filing Stats: 2,058 words · 8 min read · ~7 pages · Grade level 12 · Accepted 2024-02-09 17:11:51

Key Financial Figures

Filing Documents

From the Filing

SC 13G/A 1 d686535dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934* (Amendment No. 1) Agenus Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of Securities) 00847G705 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 00847G705 13G 1 NAMES OF REPORTING PERSONS Invus Public Equities, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 15,631,235 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 15,631,235 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,631,235 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN 2 CUSIP No. 00847G705 13G 1 NAMES OF REPORTING PERSONS Invus Public Equities Advisors, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 15,631,235 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 15,631,235 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,631,235 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO 3 CUSIP No. 00847G705 13G 1 NAMES OF REPORTING PERSONS Artal International S.C.A. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 15,631,235 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 15,631,235 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,631,235 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO 4 CUSIP No. 00847G705 13G 1 NAMES OF REPORTING PERSONS Artal International Management S.A. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 15,631,235 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 15,631,235 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,631,235 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO 5 CUSIP No. 00847G705 13G 1 NAMES OF REPORTING PERSONS Artal Group S.A. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 15,631,235 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 15,631,235 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,631,235 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO 6 CUSIP No. 00847G705 13G 1 NAMES OF REPORTING PERSONS Westend S.A. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg NUMBER OF SHARES BENEFICI

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