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NOA

North American Construction
NOA

60 hedge funds and large institutions have $154M invested in North American Construction in 2014 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,500% more call options, than puts

Call options by funds: $768K | Put options by funds: $48K

425% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 4

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

40% more funds holding

Funds holding: 43 → 60 (+17)

4% more capital invested

Capital invested by funds: $149M → $154M (+$5.53M)

5.09% less ownership

Funds ownership: 59.47% → 54.38% (-5.1%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
60
Holders Change
+17
Holders Change %
+39.53%
% of All Funds
1.72%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
21
Increased
19
Reduced
13
Closed
4
Calls
$768K
Puts
$48K
Net Calls
+$720K
Net Calls Change
+$528K

Top Buyers

Rank Fund Capital Flow
1
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$20M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
+$6.53M
3
TD Asset Management
TD Asset Management
Ontario, Canada
+$5.19M
4
OSAM
O'Shaughnessy Asset Management
Connecticut
+$4.5M
5
HIM
Hillsdale Investment Management
Ontario, Canada
+$2.69M

Top Sellers

Rank Fund Capital Flow
1
HH
Harbinger Holdings
New York
-$50.6M
2
Invesco
Invesco
Georgia
-$6.79M
3
FCG
FrontFour Capital Group
Connecticut
-$2.61M
4
BC
Brookfield Corp
Ontario, Canada
-$1.8M
5
KCM
Kennedy Capital Management
Missouri
-$474K
Name Holding Trade Value Shares
Change 		Change in
Stake
OAM
26
Oxford Asset Management
United Kingdom
$736K +$426K +54,402 +145%
PPA
27
Parametric Portfolio Associates
Washington
$724K -$96.8K -12,370 -12%
PG
28
PEAK6 Group
Illinois
$549K +$158K +20,131 +42%
ST
29
Spot Trading
Illinois
$480K +$279K +35,679 +149%
SIM
30
Spark Investment Management
New York
$442K +$329K +42,000 +323%
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$441K -$61.1K -7,813 -12%
RA
32
Royce & Associates
New York
$402K – – –
GIP
33
Granite Investment Partners
California
$369K +$358K +45,795 New
Canada Life
34
Canada Life
Manitoba, Canada
$348K +$340K +43,400 New
AIMCA
35
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$341K +$310K +39,650 New
SKK
36
Shepherd Kaplan Krochuk
Massachusetts
$308K +$299K +38,210 New
RG
37
Renaissance Group
Kentucky
$273K +$266K +33,944 New
WS
38
Wedbush Securities
California
$271K – – –
Millennium Management
39
Millennium Management
New York
$254K +$247K +31,534 New
DIA
40
Denver Investment Advisors
Colorado
$248K -$84.2K -10,760 -26%
TAM
41
Trust Asset Management
Texas
$233K +$226K +28,948 New
COPPSERS
42
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$220K – – –
Nomura Holdings
43
Nomura Holdings
Japan
$201K +$7.04K +900 +4%
CPS
44
Counsel Portfolio Services
Ontario, Canada
$172K +$167K +21,400 New
SI
45
Stephens Inc
Arkansas
$140K +$136K +17,370 New
TC
46
TFS Capital
Pennsylvania
$115K +$112K +14,304 New
AG
47
Aperio Group
California
$99K +$3.12K +399 +3%
Deutsche Bank
48
Deutsche Bank
Germany
$82K -$38.6K -4,940 -32%
ARTA
49
A.R.T. Advisors
New York
$81K +$79.2K +10,125 New
TAM
50
Tocqueville Asset Management
New York
$69K +$67.3K +8,603 New
1
2
3

NOA Hedge Fund Activity: Q2 2014 in Review

60 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2014, worth a combined $154M — up 3.7% from $149M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NOA positions and 4 closed out — a net gain of 17 holders — while 19 added to existing stakes and 13 trimmed.

The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), opening a new position worth an estimated $20M. The largest seller was Harbinger Holdings, exiting entirely with an estimated $50.6M sold.

  • 60 institutional investors held North American Construction (NOA) as of Q2 2014, up from 43 in Q1 2014.
  • Funds reported $154M of North American Construction stock for Q2 2014, up 3.7% quarter-over-quarter.
  • 21 funds opened new North American Construction positions in Q2 2014 and 4 closed out, a net change of +17 holders.
  • The largest North American Construction buyer in Q2 2014 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $20M added.
  • The largest North American Construction seller in Q2 2014 was Harbinger Holdings, an estimated $50.6M sold.

Based on aggregated 13F filings for Q2 2014.