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NOA

North American Construction
NOA

85 hedge funds and large institutions have $315M invested in North American Construction in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

838% more call options, than puts

Call options by funds: $75K | Put options by funds: $8K

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

43% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 21

19% more capital invested

Capital invested by funds: $265M → $315M (+$49.5M)

16% more funds holding

Funds holding: 73 → 85 (+12)

1.4% more ownership

Funds ownership: 57.13% → 58.54% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
85
Holders Change
+12
Holders Change %
+16.44%
% of All Funds
1.33%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
17
Increased
30
Reduced
21
Closed
5
Calls
$75K
Puts
$8K
Net Calls
+$67K
Net Calls Change
+$55K

Top Buyers

Rank Fund Capital Flow
1
TPM
Triasima Portfolio Management
Quebec, Canada
+$5.81M
2
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$3.15M
3
HIM
Hillsdale Investment Management
Ontario, Canada
+$3.09M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$2.95M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$2.2M

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$9.83M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$3.35M
3
CC
Cannell Capital
Wyoming
-$1.74M
4
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$1.29M
5
CAM
Claret Asset Management
Quebec, Canada
-$1.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
American Century Companies
26
American Century Companies
Missouri
$1.61M +$135K +7,202 +9%
Two Sigma Advisers
27
Two Sigma Advisers
New York
$1.54M +$803K +42,800 +114%
PGIM
28
Pacific Global Investment Management
California
$1.49M -$523K -27,850 -26%
Citadel Advisors
29
Citadel Advisors
Florida
$1.36M +$1.34M +71,176 New
QC
30
Quadrature Capital
United Kingdom
$1.34M +$182K +9,700 +16%
AI
31
Acuitas Investments
Washington
$1.3M – – –
Goldman Sachs
32
Goldman Sachs
New York
$1.12M -$304K -16,183 -22%
EI
33
EAM Investors
California
$1.08M +$1.06M +56,327 New
Swiss National Bank
34
Swiss National Bank
Switzerland
$1.06M +$1.04M +55,300 New
EGI
35
EAM Global Investors
California
$961K +$941K +50,153 New
Morgan Stanley
36
Morgan Stanley
New York
$937K +$461K +24,542 +100%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$917K +$64.6K +3,442 +8%
SEI Investments
38
SEI Investments
Pennsylvania
$756K +$376K +20,034 +103%
Millennium Management
39
Millennium Management
New York
$755K -$1.03M -55,107 -58%
CS
40
Credit Suisse
Switzerland
$740K +$726K +38,669 New
RA
41
Royce & Associates
New York
$670K -$282K -15,000 -30%
MCM
42
MAI Capital Management
Ohio
$619K – – –
OSAM
43
O'Shaughnessy Asset Management
Connecticut
$570K +$85.4K +4,550 +18%
SIA
44
SkyView Investment Advisors
New Jersey
$558K +$272K +14,506 +99%
FCH
45
Freestone Capital Holdings
Washington
$526K – – –
KFP
46
KB Financial Partners
New Jersey
$510K +$248K +13,205 +98%
OIA
47
OneDigital Investment Advisors
Kansas
$510K +$248K +13,205 +98%
PCM
48
PenderFund Capital Management
British Columbia, Canada
$504K -$469K -25,010 -56%
CHAM
49
Clear Harbor Asset Management
Connecticut
$490K – – –
CCIA
50
Campbell & Co Investment Adviser
Maryland
$457K +$448K +23,882 New
1
2
3 4

NOA Hedge Fund Activity: Q2 2023 in Review

85 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2023, worth a combined $315M — up 19% from $265M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new NOA positions and 5 closed out — a net gain of 12 holders — while 30 added to existing stakes and 21 trimmed.

The largest buyer was Triasima Portfolio Management, adding an estimated $5.81M. The largest seller was Polar Asset Management Partners, cutting an estimated $9.83M.

  • 85 institutional investors held North American Construction (NOA) as of Q2 2023, up from 73 in Q1 2023.
  • Funds reported $315M of North American Construction stock for Q2 2023, up 19% quarter-over-quarter.
  • 17 funds opened new North American Construction positions in Q2 2023 and 5 closed out, a net change of +12 holders.
  • The largest North American Construction buyer in Q2 2023 was Triasima Portfolio Management, an estimated $5.81M added.
  • The largest North American Construction seller in Q2 2023 was Polar Asset Management Partners, an estimated $9.83M sold.

Based on aggregated 13F filings for Q2 2023.