NOA

North American Construction

77 hedge funds and large institutions have $264M invested in North American Construction in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more funds holding in top 10

Funds holding in top 10:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

less ownership

Funds ownership:

9% less capital invested

Capital invested by funds: $289M → $264M (-$24.9M)

10% less funds holding

Funds holding: 8677 (-9)

44% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 16

Holders
77
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$39K
Puts
$20K
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
1
Bank of Montreal
Ontario, Canada
$35.9M
CAM
2
Claret Asset Management
Quebec, Canada
$33M
PAMP
3
Polar Asset Management Partners
Ontario, Canada
$26.7M
CC
4
Cannell Capital
Wyoming
$24.7M
National Bank of Canada
5
National Bank of Canada
Quebec, Canada
$22.3M
Mackenzie Financial
6
Mackenzie Financial
Ontario, Canada
$12.8M
CIBC Asset Management
7
CIBC Asset Management
Ontario, Canada
$12.6M
Goldman Sachs
8
Goldman Sachs
New York
$7.59M
CIBC World Market
9
CIBC World Market
Ontario, Canada
$6.93M
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$6.81M
Stifel Financial
11
Stifel Financial
Missouri
$5.8M
American Century Companies
12
American Century Companies
Missouri
$5.35M
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$5.33M
Bank of America
14
Bank of America
North Carolina
$5.21M
Renaissance Technologies
15
Renaissance Technologies
New York
$5.03M
ACA
16
AYAL Capital Advisors
Ontario, Canada
$4.99M
TWC
17
TD Waterhouse Canada
Ontario, Canada
$4.46M
KJHP
18
K.J. Harrison & Partners
Ontario, Canada
$4.15M
IIM
19
Intact Investment Management
Quebec, Canada
$3.74M
Arrowstreet Capital
20
Arrowstreet Capital
Massachusetts
$2.75M
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$2.63M
OCM
22
Orchard Capital Management
Illinois
$2.36M
Two Sigma Advisers
23
Two Sigma Advisers
New York
$1.88M
CP
24
Cumberland Partners
Ontario, Canada
$1.76M
Two Sigma Investments
25
Two Sigma Investments
New York
$1.63M