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NOA

North American Construction
NOA

73 hedge funds and large institutions have $176M invested in North American Construction in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 24 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

88% more call options, than puts

Call options by funds: $636K | Put options by funds: $338K

12% more funds holding

Funds holding: 65 → 73 (+8)

6% more capital invested

Capital invested by funds: $166M → $176M (+$10M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

8% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 24

5.08% less ownership

Funds ownership: 60.61% → 55.53% (-5.1%)

Holders
73
Holders Change
+8
Holders Change %
+12.31%
% of All Funds
1.6%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
12
Increased
22
Reduced
24
Closed
4
Calls
$636K
Puts
$338K
Net Calls
+$298K
Net Calls Change
+$51K

Top Buyers

Rank Fund Capital Flow
1
HIM
Hillsdale Investment Management
Ontario, Canada
+$6.28M
2
AI
Atom Investors
Texas
+$2.67M
3
Morgan Stanley
Morgan Stanley
New York
+$2.13M
4
CIBC World Market
CIBC World Market
Ontario, Canada
+$1.89M
5
GMI
Greystone Managed Investments
Saskatchewan, Canada
+$834K

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$9.18M
2
Deutsche Bank
Deutsche Bank
Germany
-$3.17M
3
CC
Cannell Capital
Wyoming
-$3M
4
CAM
Claret Asset Management
Quebec, Canada
-$1.16M
5
SIM
Spark Investment Management
New York
-$1.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$1.05M +$10.2K +887 +1%
PGCM
27
Prescott Group Capital Management
Oklahoma
$857K – – –
GMI
28
Greystone Managed Investments
Saskatchewan, Canada
$840K +$834K +72,800 New
Goldman Sachs
29
Goldman Sachs
New York
$807K +$608K +53,087 +314%
CAM
30
ClariVest Asset Management
California
$679K -$6.87K -600 -1%
BCIM
31
British Columbia Investment Management
British Columbia, Canada
$677K +$672K +58,716 New
RA
32
Royce & Associates
New York
$577K – – –
Two Sigma Advisers
33
Two Sigma Advisers
New York
$575K -$38.9K -3,400 -6%
State of New Jersey Common Pension Fund D
34
State of New Jersey Common Pension Fund D
New Jersey
$544K +$106K +9,256 +24%
QC
35
Quadrature Capital
United Kingdom
$520K +$11.8K +1,030 +2%
AL
36
AJO LP
Pennsylvania
$479K +$476K +41,595 New
NA
37
Navellier & Associates
Nevada
$459K +$456K +39,808 New
COPPSERS
38
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$450K – – –
MWNA
39
Marshall Wace North America
New York
$445K +$164K +14,300 +59%
Geode Capital Management
40
Geode Capital Management
Massachusetts
$418K +$416K +36,311 New
TP
41
Tranquility Partners
Tennessee
$413K -$8.55K -747 -2%
SCM
42
Smith Capital Management
Arkansas
$373K – – –
Citadel Advisors
43
Citadel Advisors
Florida
$368K -$284K -24,825 -44%
Dimensional Fund Advisors
44
Dimensional Fund Advisors
Texas
$353K – – –
RJA
45
Raymond James & Associates
Florida
$345K +$36.5K +3,190 +12%
Bank of America
46
Bank of America
North Carolina
$342K +$67.7K +5,909 +25%
GCA
47
Greenwood Capital Associates
South Carolina
$333K +$52.1K +4,550 +19%
Two Sigma Investments
48
Two Sigma Investments
New York
$320K +$109K +9,492 +52%
CI
49
Cavalier Investments
Georgia
$248K +$246K +21,500 New
Russell Investments Group
50
Russell Investments Group
United Kingdom
$240K -$6.67K -582 -3%
1
2
3 4

NOA Hedge Fund Activity: Q3 2019 in Review

73 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2019, worth a combined $176M — up 6.1% from $166M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NOA positions and 4 closed out — a net gain of 8 holders — while 22 added to existing stakes and 24 trimmed.

The largest buyer was Hillsdale Investment Management, adding an estimated $6.28M. The largest seller was Polar Asset Management Partners, cutting an estimated $9.18M.

  • 73 institutional investors held North American Construction (NOA) as of Q3 2019, up from 65 in Q2 2019.
  • Funds reported $176M of North American Construction stock for Q3 2019, up 6.1% quarter-over-quarter.
  • 12 funds opened new North American Construction positions in Q3 2019 and 4 closed out, a net change of +8 holders.
  • The largest North American Construction buyer in Q3 2019 was Hillsdale Investment Management, an estimated $6.28M added.
  • The largest North American Construction seller in Q3 2019 was Polar Asset Management Partners, an estimated $9.18M sold.

Based on aggregated 13F filings for Q3 2019.