North American Construction
NOA
31 hedge funds and large institutions have $35.1M invested in North American Construction in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 10 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
4.5% less ownership
Funds ownership: 49.04% → 44.54% (-4.5%)
21% less funds holding
Funds holding: 39 → 31 (-8)
21% less capital invested
Capital invested by funds: $44.6M → $35.1M (-$9.51M)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KJHP
K.J. Harrison & Partners
Toronto,
Ontario, Canada
|
+$437K |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$275K |
| 3 |
DWM
Dorchester Wealth Management
Montreal,
Quebec, Canada
|
+$183K |
| 4 |
Renaissance Technologies
New York
|
+$176K |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
-$3.64M |
| 2 |
Credit Agricole
Montrouge Cedex,
France
|
-$722K |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$649K |
| 4 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$564K |
| 5 |
PGIM
Pacific Global Investment Management
Glendale,
California
|
-$326K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $9K | +$2.1K | +801 | +31% |
|
27
UBS Group
Zurich,
Switzerland
| $4K | -$5.79K | -2,213 | -60% |
|
28
US Bancorp
Minneapolis,
Minnesota
| $3K | +$2.71K | +1,035 | New |
|
29
BNP Paribas Financial Markets
Paris,
France
| $130 | – | – | – |
|
|
FCG
30
FrontFour Capital Group
Greenwich,
Connecticut
| – | -$3.64M | -1,289,920 | Closed |
|
|
31
Credit Agricole
Montrouge Cedex,
France
| – | -$722K | -255,860 | Closed |
|
|
HIM
32
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$649K | -231,900 | Closed |
|
|
SI
33
Sprott Inc
Toronto,
Ontario, Canada
| – | -$564K | -200,000 | Closed |
|
|
DAL
34
David A. Lorber
| – | -$185K | -65,500 | Closed |
|
|
BFM
35
Boothbay Fund Management
New York
| – | -$42K | -14,917 | Closed |
|
36
Citadel Advisors
Miami,
Florida
| – | -$35K | -12,419 | Closed |
|
|
AIM
37
Acrospire Investment Management
Chicago,
Illinois
| – | -$6K | -2,104 | Closed |
|
38
Simplex Trading
Chicago,
Illinois
| – | -$4K | -1,672 | Closed |
|
NOA Hedge Fund Activity: Q3 2016 in Review
31 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2016, worth a combined $35.1M — down 21% from $44.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NOA and 2 opened new positions — a net loss of 8 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was K.J. Harrison & Partners, adding an estimated $437K. The largest seller was FrontFour Capital Group, exiting entirely with an estimated $3.64M sold.
- 31 institutional investors held North American Construction (NOA) as of Q3 2016, down from 39 in Q2 2016.
- Funds reported $35.1M of North American Construction stock for Q3 2016, down 21% quarter-over-quarter.
- 2 funds opened new North American Construction positions in Q3 2016 and 10 closed out, a net change of -8 holders.
- The largest North American Construction buyer in Q3 2016 was K.J. Harrison & Partners, an estimated $437K added.
- The largest North American Construction seller in Q3 2016 was FrontFour Capital Group, an estimated $3.64M sold.
Based on aggregated 13F filings for Q3 2016.