North American Construction
NOA
77 hedge funds and large institutions have $230M invested in North American Construction in 2026 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 14 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
1.99% more ownership
Funds ownership: 57.54% → 59.53% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less capital invested
Capital invested by funds: $241M → $230M (-$11.8M)
3% less funds holding
Funds holding: 79 → 77 (-2)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
92% less call options, than puts
Call options by funds: $13K | Put options by funds: $154K
Top Buyers
Top Sellers
| 1 |
Millennium Management
New York
|
-$4.86M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$3.32M |
| 3 |
BAM
Bastion Asset Management
Montreal,
Canada
|
-$2.88M |
| 4 |
Jane Street
New York
|
-$2.62M |
| 5 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
-$2.37M |
NOA Hedge Fund Activity: Q1 2026 in Review
77 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q1 2026, worth a combined $230M — down 4.9% from $241M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NOA and 12 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 34 added.
The largest buyer was Alberta Investment Management Corp (AIMCo), opening a new position worth an estimated $6.45M. The largest seller was Millennium Management, cutting an estimated $4.86M.
- 77 institutional investors held North American Construction (NOA) as of Q1 2026, down from 79 in Q4 2025.
- Funds reported $230M of North American Construction stock for Q1 2026, down 4.9% quarter-over-quarter.
- 12 funds opened new North American Construction positions in Q1 2026 and 14 closed out, a net change of -2 holders.
- The largest North American Construction buyer in Q1 2026 was Alberta Investment Management Corp (AIMCo), an estimated $6.45M added.
- The largest North American Construction seller in Q1 2026 was Millennium Management, an estimated $4.86M sold.
Based on aggregated 13F filings for Q1 2026.