HIM
NOA

Hillsdale Investment Management’s North American Construction NOA Stock Holding History

Hillsdale Investment Management’s Portfolio NOA Stock Details NOA Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q2 		– Sell
-204,979
Closed -$3.23M – 683
2025
Q1 		$3.23M Sell
204,979
-172,848
-46% -$3.2M 0.16% 173
2024
Q4 		$8.13M Buy
+377,827
New +$7.4M 0.41% 35
2024
Q2 		– Sell
-839,759
Closed -$18.7M – 661
2024
Q1 		$18.7M Buy
839,759
+293,070
+54% +$6.82M 1.48% 9
2023
Q4 		$11.4M Sell
546,689
-734,240
-57% -$15.1M 0.93% 15
2023
Q3 		$27.7M Buy
1,280,929
+21,900
+2% +$495K 2.54% 2
2023
Q2 		$24.1M Buy
1,259,029
+164,500
+15% +$3.09M 2.21% 3
2023
Q1 		$18.2M Buy
1,094,529
+736,100
+205% +$11.4M 1.56% 7
2022
Q4 		$4.78M Buy
+358,429
New +$4.42M 0.4% 80
2022
Q1 		– Sell
-214,642
Closed -$3.26M – 593
2021
Q4 		$3.26M Buy
214,642
+18,042
+9% +$276K 0.22% 146
2021
Q3 		$2.86M Sell
196,600
-1,600
-0.8% -$22.9K 0.22% 143
2021
Q2 		$3.02M Sell
198,200
-181,000
-48% -$2.41M 0.24% 138
2021
Q1 		$4.09M Sell
379,200
-247,400
-39% -$2.66M 0.34% 99
2020
Q4 		$6.12M Buy
+626,600
New +$5.49M 0.58% 32
2020
Q2 		– Sell
-289,297
Closed -$1.46M – 654
2020
Q1 		$1.46M Sell
289,297
-7,800
-3% -$74.3K 0.18% 155
2019
Q4 		$3.59M Sell
297,097
-297,550
-50% -$3.32M 0.31% 109
2019
Q3 		$6.86M Buy
594,647
+548,103
+1,178% +$6.28M 0.6% 38
2019
Q2 		$501K Sell
46,544
-752,797
-94% -$8.76M 0.05% 343
2019
Q1 		$9.3M Sell
799,341
-9,700
-1% -$107K 0.84% 34
2018
Q4 		$7.21M Buy
809,041
+75,400
+10% +$743K 0.86% 36
2018
Q3 		$7.16M Buy
733,641
+135,700
+23% +$1,000K 0.94% 35
2018
Q2 		$3.53M Buy
597,941
+158,700
+36% +$971K 0.43% 44
2018
Q1 		$2.31M Buy
439,241
+114,300
+35% +$569K 0.32% 42
2017
Q4 		$1.62M Buy
+324,941
New +$1.42M 0.26% 59
2017
Q3 		– Sell
-232,200
Closed -$1.01M – 506
2017
Q2 		$1.01M Hold
232,200
– – 0.2% 109
2017
Q1 		$1.15M Hold
232,200
– – 0.23% 79
2016
Q4 		$895K Buy
+232,200
New +$775K 0.19% 138
2016
Q3 		– Sell
-231,900
Closed -$649K – 542
2016
Q2 		$649K Buy
+231,900
New +$576K 0.19% 70
2015
Q1 		– Sell
-100,200
Closed -$317K – 551
2014
Q4 		$317K Buy
100,200
+7,000
+8% +$33.3K 0.08% 220
2014
Q3 		$602K Sell
93,200
-414,688
-82% -$2.88M 0.19% 75
2014
Q2 		$4.09M Buy
507,888
+343,588
+209% +$2.69M 0.93% 25
2014
Q1 		$1.18M Buy
164,300
+66,804
+69% +$418K 0.33% 40
2013
Q4 		$569K Buy
97,496
+41,496
+74% +$236K 0.17% 84
2013
Q3 		$304K Sell
56,000
-83,600
-60% -$419K 0.09% 185
2013
Q2 		$591K Buy
+139,600
New +$587K 0.19% 63

Other funds holding NOA

Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
CAM
Claret Asset Management Montreal, Quebec, Canada $928M AUM 25.4% 1-Year Est. Return
PAMP
Polar Asset Management Partners Toronto, Ontario, Canada $5.01B AUM 35.27% 1-Year Est. Return
CC
Cannell Capital Alta, Wyoming $163M AUM 40.62% 1-Year Est. Return
National Bank of Canada
National Bank of Canada Montreal, Quebec, Canada $112B AUM 31.26% 1-Year Est. Return
Mackenzie Financial
Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return
CIBC Asset Management
CIBC Asset Management Toronto, Ontario, Canada $40.9B AUM 35.96% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
CIBC World Market
CIBC World Market Toronto, Ontario, Canada $61.3B AUM 39.33% 1-Year Est. Return
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $43.4B AUM 51.29% 1-Year Est. Return

Hillsdale Investment Management's NOA Position: Q2 2025 in Review

Hillsdale Investment Management sold out of North American Construction (NOA) in Q2 2025, closing a stake of 204,979 shares — an estimated $3.23M sold.

Hillsdale Investment Management first reported a position in NOA in Q2 2013 and held it in 34 quarters. The position peaked at $27.7M in Q3 2023. 78 funds tracked by Wall St. Rank hold NOA as of Q2 2025.

  • Hillsdale Investment Management reported no remaining North American Construction position as of Q2 2025 after selling out during the quarter.
  • Hillsdale Investment Management sold 204,979 North American Construction shares in Q2 2025, an estimated $3.23M.
  • Hillsdale Investment Management first reported a position in North American Construction in Q2 2013 and held it in 34 quarters.
  • Hillsdale Investment Management's North American Construction position peaked at $27.7M in Q3 2023.
  • 78 funds tracked by Wall St. Rank held North American Construction as of Q2 2025.

Based on Hillsdale Investment Management's 13F filing for Q2 2025, filed 12 Aug 2025.