North American Construction
NOA
60 hedge funds and large institutions have $154M invested in North American Construction in 2014 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 4 closing their positions.
1,500% more call options, than puts
Call options by funds: $768K | Put options by funds: $48K
425% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 4
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
40% more funds holding
Funds holding: 43 → 60 (+17)
4% more capital invested
Capital invested by funds: $149M → $154M (+$5.53M)
5.09% less ownership
Funds ownership: 59.47% → 54.38% (-5.1%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HH
Harbinger Holdings
New York
|
-$50.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$6.79M |
| 3 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
-$2.61M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$1.8M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$474K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Dimensional Fund Advisors
Austin,
Texas
| $47K | +$46.2K | +5,900 | New |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $37K | +$1.56K | +200 | +5% |
|
|
U
53
UBS
Zurich,
Switzerland
| $32K | -$12K | -1,528 | -28% |
|
54
Bank of America
Charlotte,
North Carolina
| $15K | +$13.3K | +1,700 | +850% |
|
55
BNP Paribas Financial Markets
Paris,
France
| $11.6K | +$10.6K | +1,350 | New |
|
56
Fifth Third Bancorp
Cincinnati,
Ohio
| $10K | -$2.45K | -313 | -20% |
|
57
Citigroup
New York
| $9K | +$8.89K | +1,136 | New |
|
|
MAA
58
Managed Account Advisors
Jersey City,
New Jersey
| $7K | -$1.52K | -194 | -19% |
|
59
Wells Fargo
San Francisco,
California
| $4K | – | – | – |
|
|
BFA
60
BlackRock Fund Advisors
San Francisco,
California
| $2K | – | – | – |
|
|
HH
61
Harbinger Holdings
New York
| – | -$50.6M | -7,032,322 | Closed |
|
|
KCM
62
Kennedy Capital Management
St Louis,
Missouri
| – | -$474K | -65,843 | Closed |
|
|
SC
63
Scotia Capital
Toronto,
Ontario, Canada
| – | -$95K | -13,440 | Closed |
|
64
Barclays
London,
United Kingdom
| – | -$1K | -200 | Closed |
|
NOA Hedge Fund Activity: Q2 2014 in Review
60 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2014, worth a combined $154M — up 3.7% from $149M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NOA positions and 4 closed out — a net gain of 17 holders — while 19 added to existing stakes and 13 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), opening a new position worth an estimated $20M. The largest seller was Harbinger Holdings, exiting entirely with an estimated $50.6M sold.
- 60 institutional investors held North American Construction (NOA) as of Q2 2014, up from 43 in Q1 2014.
- Funds reported $154M of North American Construction stock for Q2 2014, up 3.7% quarter-over-quarter.
- 21 funds opened new North American Construction positions in Q2 2014 and 4 closed out, a net change of +17 holders.
- The largest North American Construction buyer in Q2 2014 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $20M added.
- The largest North American Construction seller in Q2 2014 was Harbinger Holdings, an estimated $50.6M sold.
Based on aggregated 13F filings for Q2 2014.