North American Construction
NOA
67 hedge funds and large institutions have $180M invested in North American Construction in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 5 closing their positions.
3,194% more call options, than puts
Call options by funds: $527K | Put options by funds: $16K
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
35% more capital invested
Capital invested by funds: $133M → $180M (+$46.6M)
12% more funds holding
Funds holding: 60 → 67 (+7)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 20
3.17% less ownership
Funds ownership: 59.5% → 56.33% (-3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$6.93M |
| 2 |
EGI
EAM Global Investors
Solana Beach,
California
|
+$3.14M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.07M |
| 4 |
AI
Atom Investors
Austin,
Texas
|
+$1.32M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$997K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$4.21M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.12M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$1.82M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.56M |
| 5 |
SCM
Signia Capital Management
Spokane,
Washington
|
-$1.04M |
NOA Hedge Fund Activity: Q1 2019 in Review
67 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q1 2019, worth a combined $180M — up 35% from $133M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NOA positions and 5 closed out — a net gain of 9 holders — while 20 added to existing stakes and 20 trimmed.
The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $6.93M. The largest seller was Cannell Capital, cutting an estimated $4.21M.
- 67 institutional investors held North American Construction (NOA) as of Q1 2019, up from 60 in Q4 2018.
- Funds reported $180M of North American Construction stock for Q1 2019, up 35% quarter-over-quarter.
- 14 funds opened new North American Construction positions in Q1 2019 and 5 closed out, a net change of +9 holders.
- The largest North American Construction buyer in Q1 2019 was Polar Asset Management Partners, an estimated $6.93M added.
- The largest North American Construction seller in Q1 2019 was Cannell Capital, an estimated $4.21M sold.
Based on aggregated 13F filings for Q1 2019.