North American Construction
NOA
40 hedge funds and large institutions have $68.7M invested in North American Construction in 2017 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
42% more capital invested
Capital invested by funds: $48.5M → $68.7M (+$20.2M)
11% more funds holding
Funds holding: 36 → 40 (+4)
10.55% more ownership
Funds ownership: 37.83% → 48.38% (+11%)
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$1.42M |
| 2 |
RA
Royce & Associates
New York
|
+$441K |
| 3 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$412K |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
+$392K |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$343K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$586K |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$501K |
| 3 |
SIM
Spark Investment Management
New York
|
-$455K |
| 4 |
PGIM
Pacific Global Investment Management
Glendale,
California
|
-$276K |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$177K |
NOA Hedge Fund Activity: Q4 2017 in Review
40 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2017, worth a combined $68.7M — up 42% from $48.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NOA positions and 6 closed out — a net gain of 4 holders — while 7 added to existing stakes and 14 trimmed.
The largest buyer was Hillsdale Investment Management, opening a new position worth an estimated $1.42M. The largest seller was Morgan Stanley, cutting an estimated $586K.
- 40 institutional investors held North American Construction (NOA) as of Q4 2017, up from 36 in Q3 2017.
- Funds reported $68.7M of North American Construction stock for Q4 2017, up 42% quarter-over-quarter.
- 10 funds opened new North American Construction positions in Q4 2017 and 6 closed out, a net change of +4 holders.
- The largest North American Construction buyer in Q4 2017 was Hillsdale Investment Management, an estimated $1.42M added.
- The largest North American Construction seller in Q4 2017 was Morgan Stanley, an estimated $586K sold.
Based on aggregated 13F filings for Q4 2017.