Argent Capital Management
Argent Capital Management SMID Cap Strategy
Sep 2026 → Sep 2026
Our archive holds 1 letter from this strategy, behind 11 investment theses and positions in 20 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Argent Capital Management for every strategy.
What it bought and sold
We also trimmed Comfort Systems, a provider of mechanical, electrical, plumbing and building automation services with significant participation in data center construction.
We sold Fabrinet, a precision optical and electronic manufacturing services provider to hyperscalers, networking companies and telecommunications customers.
Insight Enterprises is a global technology solutions integrator serving businesses and government organizations across hardware, software, cloud, cybersecurity, data and AI.
We trimmed Fortinet, a leading provider of network security, firewalls and secure networking, and trimmed United Rentals, the largest equipment rental company in North America.
Two positions were sold because we became less comfortable with their risk profiles.
We initiated Okta, a leading independent identity and access management provider, which also preserves our exposure to cybersecurity at an earlier stage of growth than Fortinet.
Liquidity Services operates online marketplaces, including GovDeals and its Retail Supply Chain Group, that help corporations, government agencies and other organizations sell surplus equipment, vehicles and inventory to a large global network of buyers.
Jazz Pharmaceuticals is a specialty biopharmaceutical company in neuroscience and oncology, with established franchises in sleep disorders and epilepsy and a growing portfolio of cancer therapies.
We trimmed Fortinet, a leading provider of network security, firewalls and secure networking, and trimmed United Rentals, the largest equipment rental company in North America.
We sold Vertiv, a provider of power and thermal management systems for data centers, communications networks and industrial facilities.
WSFS Financial is a diversified financial services company offering commercial and consumer banking, wealth management, trust and institutional services, primarily across the Mid Atlantic.
Also held
Its investment theses
- Hewlett Packard Enterprise Co.Sep 2026Hewlett Packard Enterprise benefits from accelerating AI infrastructure demand, with record results, stronger guidance, and rising forward earnings estimates.
- Okta, Inc. Class ASep 2026Okta is a leading identity and access management provider benefiting from AI-driven demand, broadening products, and improving operating leverage.
- Victory Capital Holdings, Inc. Class ASep 2026Victory Capital is benefiting from improving flows, an acquisition of First Eagle, and expected earnings synergies that should expand scale.
- Comfort Systems USA, Inc.Sep 2026Comfort Systems provides MEP and building automation services with solid fundamentals and strong data center demand, though valuation had become rich.
- Carpenter Technology CorporationSep 2026Carpenter Technology serves aerospace demand, but the stock fell as valuation compressed despite record operating income and rising estimates.
- Enova International IncSep 2026Enova International is a consumer and small business lender whose strategic optionality was hurt when the Grasshopper Bancorp deal was withdrawn.
- Liquidity Services, Inc.Sep 2026Liquidity Services runs asset-light online marketplaces with network effects, strong cash generation, and differentiated scale.
- WSFS Financial CorporationSep 2026WSFS Financial has a strong deposit franchise, recurring fee businesses, and shareholder-friendly capital returns.
- Insight Enterprises, Inc.Sep 2026Insight Enterprises is a technology integrator benefiting from AI and cloud spending, with expanding margins and stronger earnings revisions.
- Jazz Pharmaceuticals plcSep 2026Jazz Pharmaceuticals has durable franchises, strong free cash flow, and pipeline optionality across neuroscience and oncology.