North American Construction
NOA
55 hedge funds and large institutions have $123M invested in North American Construction in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 10 closing their positions.
1,635% more call options, than puts
Call options by funds: $347K | Put options by funds: $20K
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
0.4% less ownership
Funds ownership: 54.38% → 53.97% (-0.4%)
8% less funds holding
Funds holding: 60 → 55 (-5)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
20% less capital invested
Capital invested by funds: $154M → $123M (-$31.1M)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
+$2.87M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.13M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$1.09M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$938K |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$764K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.88M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$846K |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$775K |
| 4 |
Renaissance Technologies
New York
|
-$664K |
| 5 |
ST
Spot Trading
Chicago,
Illinois
|
-$480K |
NOA Hedge Fund Activity: Q3 2014 in Review
55 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2014, worth a combined $123M — down 20% from $154M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NOA and 5 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 19 added.
The largest buyer was FrontFour Capital Group, adding an estimated $2.87M. The largest seller was Hillsdale Investment Management, cutting an estimated $2.88M.
- 55 institutional investors held North American Construction (NOA) as of Q3 2014, down from 60 in Q2 2014.
- Funds reported $123M of North American Construction stock for Q3 2014, down 20% quarter-over-quarter.
- 5 funds opened new North American Construction positions in Q3 2014 and 10 closed out, a net change of -5 holders.
- The largest North American Construction buyer in Q3 2014 was FrontFour Capital Group, an estimated $2.87M added.
- The largest North American Construction seller in Q3 2014 was Hillsdale Investment Management, an estimated $2.88M sold.
Based on aggregated 13F filings for Q3 2014.