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NOA

North American Construction
NOA

67 hedge funds and large institutions have $226M invested in North American Construction in 2021 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

18% more capital invested

Capital invested by funds: $191M → $226M (+$34.4M)

14% more funds holding

Funds holding: 59 → 67 (+8)

5.9% more ownership

Funds ownership: 46.2% → 52.11% (+5.9%)

Holders
67
Holders Change
+8
Holders Change %
+13.56%
% of All Funds
1.03%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
14
Increased
21
Reduced
17
Closed
6
Calls
$18K
Puts
–
Net Calls
+$18K
Net Calls Change
-$201K

Top Buyers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$8.1M
2
KJHP
K.J. Harrison & Partners
Ontario, Canada
+$2.6M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.7M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$1.6M
5
CC
Cannell Capital
Wyoming
+$1.08M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$1.35M
2
Stifel Financial
Stifel Financial
Missouri
-$1.07M
3
CAM
Claret Asset Management
Quebec, Canada
-$997K
4
IIM
Intact Investment Management
Quebec, Canada
-$597K
5
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$330K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$1.4M +$350K +22,891 +33%
Millennium Management
27
Millennium Management
New York
$1.11M +$514K +33,621 +85%
EI
28
EAM Investors
California
$1.09M -$66.2K -4,333 -6%
RA
29
Royce & Associates
New York
$755K – – –
CQS
30
Credential Qtrade Securities
$676K +$680K +44,530 New
Jane Street
31
Jane Street
New York
$565K +$572K +37,414 New
TWC
32
TD Waterhouse Canada
Ontario, Canada
$532K +$425K +27,833 New
MCM
33
MAI Capital Management
Ohio
$488K – – –
American Century Companies
34
American Century Companies
Missouri
$440K +$22.9K +1,500 +5%
TD Asset Management
35
TD Asset Management
Ontario, Canada
$427K +$16.6K +1,087 +4%
FCH
36
Freestone Capital Holdings
Washington
$415K – – –
CHAM
37
Clear Harbor Asset Management
Connecticut
$389K -$35.2K -2,306 -8%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$361K +$65.9K +4,315 +22%
RJA
39
Raymond James & Associates
Florida
$341K -$47.8K -3,125 -12%
RJFSA
40
Raymond James Financial Services Advisors
Florida
$307K -$48.1K -3,149 -13%
Toronto Dominion Bank
41
Toronto Dominion Bank
Ontario, Canada
$292K – – –
HP
42
Highlander Partners
Texas
$290K +$293K +19,186 New
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$279K +$28.9K +1,889 +11%
TP
44
Tranquility Partners
Tennessee
$274K +$413 +27 +0.1%
Goldman Sachs
45
Goldman Sachs
New York
$274K +$277K +18,113 New
SI
46
Stephens Inc
Arkansas
$221K – – –
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$181K -$15.3K -1,000 -8%
SIA
48
SkyView Investment Advisors
New Jersey
$173K +$16.2K +1,057 New
KFP
49
KB Financial Partners
New Jersey
$163K +$165K +10,790 New
Marshall Wace
50
Marshall Wace
United Kingdom
$100K +$101K +6,594 New
1
2
3

NOA Hedge Fund Activity: Q4 2021 in Review

67 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2021, worth a combined $226M — up 18% from $191M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NOA positions and 6 closed out — a net gain of 8 holders — while 21 added to existing stakes and 17 trimmed.

The largest buyer was Polar Asset Management Partners, adding an estimated $8.1M. The largest seller was Renaissance Technologies, cutting an estimated $1.35M.

  • 67 institutional investors held North American Construction (NOA) as of Q4 2021, up from 59 in Q3 2021.
  • Funds reported $226M of North American Construction stock for Q4 2021, up 18% quarter-over-quarter.
  • 14 funds opened new North American Construction positions in Q4 2021 and 6 closed out, a net change of +8 holders.
  • The largest North American Construction buyer in Q4 2021 was Polar Asset Management Partners, an estimated $8.1M added.
  • The largest North American Construction seller in Q4 2021 was Renaissance Technologies, an estimated $1.35M sold.

Based on aggregated 13F filings for Q4 2021.