NOA

North American Construction

73 hedge funds and large institutions have $219M invested in North American Construction in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 30 reducing their positions, and 13 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 ownership

Funds ownership:

less funds holding

Funds holding:

17% less capital invested

Capital invested by funds: $264M → $219M (-$45.3M)

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

47% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 30

Holders
73
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$116K
Puts
$41K
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
1
Bank of Montreal
Ontario, Canada
$38.4M
CAM
2
Claret Asset Management
Quebec, Canada
$29M
National Bank of Canada
3
National Bank of Canada
Quebec, Canada
$18.7M
CC
4
Cannell Capital
Wyoming
$18.5M
CIBC Asset Management
5
CIBC Asset Management
Ontario, Canada
$16.8M
PAMP
6
Polar Asset Management Partners
Ontario, Canada
$13.1M
AF
7
Aegis Financial
Virginia
$12M
Goldman Sachs
8
Goldman Sachs
New York
$6.85M
American Century Companies
9
American Century Companies
Missouri
$6.47M
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$4.97M
NAM
11
NewGen Asset Management
Ontario, Canada
$4.72M
NELSF
12
NewGen Equity Long/Short Fund
Cayman Islands
$4.72M
Renaissance Technologies
13
Renaissance Technologies
New York
$4.21M
TWC
14
TD Waterhouse Canada
Ontario, Canada
$4.07M
TIM
15
Timelo Investment Management
Ontario, Canada
$3.91M
KJHP
16
K.J. Harrison & Partners
Ontario, Canada
$3.75M
ClearBridge Investments
17
ClearBridge Investments
New York
$3.2M
Bank of America
18
Bank of America
North Carolina
$2.42M
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$2.17M
OCM
20
Orchard Capital Management
Illinois
$2.16M
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$1.85M
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$1.45M
Two Sigma Advisers
23
Two Sigma Advisers
New York
$1.39M
Stifel Financial
24
Stifel Financial
Missouri
$1.13M
CIBC World Market
25
CIBC World Market
Ontario, Canada
$1.08M