We are live on ! Find out more
NOA

North American Construction
NOA

91 hedge funds and large institutions have $397M invested in North American Construction in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more call options, than puts

Call options by funds: $440K | Put options by funds: $151K

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

57% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 23

26% more capital invested

Capital invested by funds: $315M → $397M (+$82M)

7% more funds holding

Funds holding: 85 → 91 (+6)

6.77% more ownership

Funds ownership: 58.54% → 65.3% (+6.8%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
91
Holders Change
+6
Holders Change %
+7.06%
% of All Funds
1.44%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
15
Increased
36
Reduced
23
Closed
8
Calls
$440K
Puts
$151K
Net Calls
+$289K
Net Calls Change
+$222K

Top Buyers

Rank Fund Capital Flow
1
Fidelity International
Fidelity International
Bermuda
+$23M
2
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$6.2M
3
QC
Quadrature Capital
United Kingdom
+$5.17M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$3.72M
5
Millennium Management
Millennium Management
New York
+$3.08M

Top Sellers

Rank Fund Capital Flow
1
CC
Cannell Capital
Wyoming
-$7.08M
2
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$6.43M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$3.99M
4
CP
Cumberland Partners
Ontario, Canada
-$1.27M
5
CAM
Claret Asset Management
Quebec, Canada
-$1.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
Marshall Wace
26
Marshall Wace
United Kingdom
$2.9M +$3.01M +133,496 New
Goldman Sachs
27
Goldman Sachs
New York
$2.84M +$1.63M +72,227 +124%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$2.82M -$117K -5,188 -4%
Two Sigma Advisers
29
Two Sigma Advisers
New York
$2.67M +$958K +42,400 +53%
American Century Companies
30
American Century Companies
Missouri
$2.5M +$698K +30,891 +37%
RG
31
Renaissance Group
Kentucky
$2.46M -$379K -16,801 -13%
KJHP
32
K.J. Harrison & Partners
Ontario, Canada
$2.16M -$1.15M -51,000 -34%
Morgan Stanley
33
Morgan Stanley
New York
$1.96M +$934K +41,361 +84%
Arrowstreet Capital
34
Arrowstreet Capital
Massachusetts
$1.91M +$1.99M +87,997 New
JP Morgan Chase
35
JP Morgan Chase
New York
$1.77M +$1.84M +81,366 New
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$1.55M +$527K +23,334 +49%
AI
37
Acuitas Investments
Washington
$1.48M – – –
PGIM
38
Pacific Global Investment Management
California
$1.42M -$277K -12,286 -16%
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$1.25M -$617K -27,308 -32%
EI
40
EAM Investors
California
$1.23M – – –
Swiss National Bank
41
Swiss National Bank
Switzerland
$1.22M +$11.3K +500 +0.9%
NEI
42
Northwest & Ethical Investments
Ontario, Canada
$995K +$1.04M +45,900 New
Citadel Advisors
43
Citadel Advisors
Florida
$969K -$600K -26,574 -37%
SEI Investments
44
SEI Investments
Pennsylvania
$858K – – –
EGI
45
EAM Global Investors
California
$840K -$261K -11,541 -23%
CS
46
Credit Suisse
Switzerland
$810K -$30.7K -1,358 -4%
AR
47
Advisory Research
Illinois
$731K +$760K +33,660 New
State of Wisconsin Investment Board
48
State of Wisconsin Investment Board
Wisconsin
$717K +$744K +32,934 New
MCM
49
MAI Capital Management
Ohio
$702K – – –
SIA
50
SkyView Investment Advisors
New Jersey
$651K +$17.4K +771 +3%
1
2
3 4

NOA Hedge Fund Activity: Q3 2023 in Review

91 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2023, worth a combined $397M — up 26% from $315M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NOA positions and 8 closed out — a net gain of 7 holders — while 36 added to existing stakes and 23 trimmed.

The largest buyer was Fidelity International, opening a new position worth an estimated $23M. The largest seller was Cannell Capital, cutting an estimated $7.08M.

  • 91 institutional investors held North American Construction (NOA) as of Q3 2023, up from 85 in Q2 2023.
  • Funds reported $397M of North American Construction stock for Q3 2023, up 26% quarter-over-quarter.
  • 15 funds opened new North American Construction positions in Q3 2023 and 8 closed out, a net change of +7 holders.
  • The largest North American Construction buyer in Q3 2023 was Fidelity International, an estimated $23M added.
  • The largest North American Construction seller in Q3 2023 was Cannell Capital, an estimated $7.08M sold.

Based on aggregated 13F filings for Q3 2023.