North American Construction
NOA
55 hedge funds and large institutions have $91.4M invested in North American Construction in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 13 closing their positions.
500% more call options, than puts
Call options by funds: $6K | Put options by funds: $1K
18% more capital invested
Capital invested by funds: $77.8M → $91.4M (+$13.6M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
5.49% less ownership
Funds ownership: 55.25% → 49.76% (-5.5%)
15% less funds holding
Funds holding: 65 → 55 (-10)
77% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
+$1.67M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$1.41M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$1.23M |
| 4 |
QI
QV Investors
Calgary,
Alberta, Canada
|
+$798K |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$630K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Atom Investors
Austin,
Texas
|
-$3.45M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.46M |
| 3 |
Renaissance Technologies
New York
|
-$1.21M |
| 4 |
PGIM
Pacific Global Investment Management
Glendale,
California
|
-$686K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$670K |
NOA Hedge Fund Activity: Q2 2020 in Review
55 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2020, worth a combined $91.4M — up 18% from $77.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NOA and 3 opened new positions — a net loss of 10 holders — while 23 trimmed existing stakes and 21 added.
The largest buyer was Claret Asset Management, adding an estimated $1.67M. The largest seller was Atom Investors, cutting an estimated $3.45M.
- 55 institutional investors held North American Construction (NOA) as of Q2 2020, down from 65 in Q1 2020.
- Funds reported $91.4M of North American Construction stock for Q2 2020, up 18% quarter-over-quarter.
- 3 funds opened new North American Construction positions in Q2 2020 and 13 closed out, a net change of -10 holders.
- The largest North American Construction buyer in Q2 2020 was Claret Asset Management, an estimated $1.67M added.
- The largest North American Construction seller in Q2 2020 was Atom Investors, an estimated $3.45M sold.
Based on aggregated 13F filings for Q2 2020.