North American Construction
NOA
36 hedge funds and large institutions have $82.6M invested in North American Construction in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
72% more capital invested
Capital invested by funds: $47.9M → $82.6M (+$34.7M)
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
24% more funds holding
Funds holding: 29 → 36 (+7)
22.71% more ownership
Funds ownership: 32.29% → 54.99% (+23%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$18.6M |
| 2 |
CP
Cumberland Partners
Toronto,
Ontario, Canada
|
+$5.18M |
| 3 |
SCM
Signia Capital Management
Spokane,
Washington
|
+$5.03M |
| 4 |
PGIM
Pacific Global Investment Management
Glendale,
California
|
+$1.69M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$971K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.8M |
| 2 |
Morgan Stanley
New York
|
-$531K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$298K |
| 4 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$284K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$116K |
NOA Hedge Fund Activity: Q2 2018 in Review
36 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2018, worth a combined $82.6M — up 72% from $47.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NOA positions and 4 closed out — a net gain of 7 holders — while 11 added to existing stakes and 7 trimmed.
The largest buyer was Cannell Capital, opening a new position worth an estimated $18.6M. The largest seller was Invesco, cutting an estimated $3.8M.
- 36 institutional investors held North American Construction (NOA) as of Q2 2018, up from 29 in Q1 2018.
- Funds reported $82.6M of North American Construction stock for Q2 2018, up 72% quarter-over-quarter.
- 11 funds opened new North American Construction positions in Q2 2018 and 4 closed out, a net change of +7 holders.
- The largest North American Construction buyer in Q2 2018 was Cannell Capital, an estimated $18.6M added.
- The largest North American Construction seller in Q2 2018 was Invesco, an estimated $3.8M sold.
Based on aggregated 13F filings for Q2 2018.