North American Construction
NOA
39 hedge funds and large institutions have $44.6M invested in North American Construction in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 14 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
20% more capital invested
Capital invested by funds: $37.4M → $44.6M (+$7.3M)
15% more funds holding
Funds holding: 34 → 39 (+5)
6.1% less ownership
Funds ownership: 55.14% → 49.04% (-6.1%)
57% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$576K |
| 2 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
+$497K |
| 3 |
KJHP
K.J. Harrison & Partners
Toronto,
Ontario, Canada
|
+$373K |
| 4 |
Renaissance Technologies
New York
|
+$296K |
| 5 |
Morgan Stanley
New York
|
+$260K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$4.52M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.15M |
| 3 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
-$1.02M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$935K |
| 5 |
CC
Cannell Capital
Alta,
Wyoming
|
-$195K |
NOA Hedge Fund Activity: Q2 2016 in Review
39 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2016, worth a combined $44.6M — up 20% from $37.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NOA positions and 4 closed out — a net gain of 5 holders — while 6 added to existing stakes and 14 trimmed.
The largest buyer was Hillsdale Investment Management, opening a new position worth an estimated $576K. The largest seller was Polar Asset Management Partners, cutting an estimated $4.52M.
- 39 institutional investors held North American Construction (NOA) as of Q2 2016, up from 34 in Q1 2016.
- Funds reported $44.6M of North American Construction stock for Q2 2016, up 20% quarter-over-quarter.
- 9 funds opened new North American Construction positions in Q2 2016 and 4 closed out, a net change of +5 holders.
- The largest North American Construction buyer in Q2 2016 was Hillsdale Investment Management, an estimated $576K added.
- The largest North American Construction seller in Q2 2016 was Polar Asset Management Partners, an estimated $4.52M sold.
Based on aggregated 13F filings for Q2 2016.