We are live on ! Find out more
NOA

North American Construction
NOA

65 hedge funds and large institutions have $185M invested in North American Construction in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 18

5% more capital invested

Capital invested by funds: $176M → $185M (+$9.05M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.2% less ownership

Funds ownership: 55.53% → 55.33% (-0.2%)

11% less funds holding

Funds holding: 73 → 65 (-8)

54% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 13

Holders
65
Holders Change
-8
Holders Change %
-10.96%
% of All Funds
1.28%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
6
Increased
22
Reduced
18
Closed
13
Calls
$408K
Puts
–
Net Calls
+$408K
Net Calls Change
+$110K

Top Buyers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$12.1M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.71M
3
CAM
Claret Asset Management
Quebec, Canada
+$922K
4
CIBC World Market
CIBC World Market
Ontario, Canada
+$598K
5
RJA
Raymond James & Associates
Florida
+$507K

Top Sellers

Rank Fund Capital Flow
1
HIM
Hillsdale Investment Management
Ontario, Canada
-$3.32M
2
OSAM
O'Shaughnessy Asset Management
Connecticut
-$3.24M
3
Renaissance Technologies
Renaissance Technologies
New York
-$2.35M
4
Morgan Stanley
Morgan Stanley
New York
-$1.59M
5
SIM
Spark Investment Management
New York
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Marshall Wace
26
Marshall Wace
United Kingdom
$896K -$349K -31,324 -30%
BCIM
27
British Columbia Investment Management
British Columbia, Canada
$712K – – –
Goldman Sachs
28
Goldman Sachs
New York
$679K -$156K -14,007 -20%
RA
29
Royce & Associates
New York
$606K – – –
State of New Jersey Common Pension Fund D
30
State of New Jersey Common Pension Fund D
New Jersey
$572K – – –
Geode Capital Management
31
Geode Capital Management
Massachusetts
$566K +$117K +10,500 +29%
GCA
32
Greenwood Capital Associates
South Carolina
$523K +$159K +14,219 +49%
MWNA
33
Marshall Wace North America
New York
$519K +$45.7K +4,100 +11%
NA
34
Navellier & Associates
Nevada
$493K +$9.31K +835 +2%
COPPSERS
35
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$473K – – –
D.E. Shaw & Co
36
D.E. Shaw & Co
New York
$470K +$433K +38,800 New
TP
37
Tranquility Partners
Tennessee
$436K +$1.13K +101 +0.3%
Two Sigma Advisers
38
Two Sigma Advisers
New York
$426K -$165K -14,786 -30%
SCM
39
Smith Capital Management
Arkansas
$392K – – –
Dimensional Fund Advisors
40
Dimensional Fund Advisors
Texas
$371K – – –
PGCM
41
Prescott Group Capital Management
Oklahoma
$273K -$578K -51,869 -70%
CI
42
Cavalier Investments
Georgia
$261K – – –
RJFSA
43
Raymond James Financial Services Advisors
Florida
$205K +$189K +16,950 New
TD Asset Management
44
TD Asset Management
Ontario, Canada
$202K +$185K +16,604 New
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$192K – – –
PTC
46
Petrus Trust Company
Texas
$157K – – –
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$138K +$10.1K +904 +9%
BlackRock
48
BlackRock
New York
$137K – – –
Bank of America
49
Bank of America
North Carolina
$87K -$250K -22,423 -76%
Deutsche Bank
50
Deutsche Bank
Germany
$60K +$18.3K +1,643 +49%
1
2
3 4

NOA Hedge Fund Activity: Q4 2019 in Review

65 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2019, worth a combined $185M — up 5.1% from $176M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NOA and 6 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 22 added.

The largest buyer was Polar Asset Management Partners, adding an estimated $12.1M. The largest seller was Hillsdale Investment Management, cutting an estimated $3.32M.

  • 65 institutional investors held North American Construction (NOA) as of Q4 2019, down from 73 in Q3 2019.
  • Funds reported $185M of North American Construction stock for Q4 2019, up 5.1% quarter-over-quarter.
  • 6 funds opened new North American Construction positions in Q4 2019 and 13 closed out, a net change of -7 holders.
  • The largest North American Construction buyer in Q4 2019 was Polar Asset Management Partners, an estimated $12.1M added.
  • The largest North American Construction seller in Q4 2019 was Hillsdale Investment Management, an estimated $3.32M sold.

Based on aggregated 13F filings for Q4 2019.