North American Construction
NOA
53 hedge funds and large institutions have $54.5M invested in North American Construction in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 10 closing their positions.
4% less funds holding
Funds holding: 55 → 53 (-2)
4.62% less ownership
Funds ownership: 53.97% → 49.35% (-4.6%)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
22% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 18
56% less capital invested
Capital invested by funds: $123M → $54.5M (-$68.8M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
+$2.77M |
| 2 |
CC
Cannell Capital
Alta,
Wyoming
|
+$2.63M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.45M |
| 4 |
Credit Agricole
Montrouge Cedex,
France
|
+$1.6M |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$884K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$16.3M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$3.98M |
| 3 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$1.78M |
| 4 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$1.4M |
| 5 |
CCPM
Cooper Creek Partners Management
New York
|
-$667K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of America
Charlotte,
North Carolina
| $1K | +$952 | +200 | New |
|
|
52
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$16.3M | -2,519,900 | Closed |
|
|
53
TD Asset Management
Toronto,
Ontario, Canada
| – | -$3.98M | -615,900 | Closed |
|
|
DIA
54
Denver Investment Advisors
Denver,
Colorado
| – | -$210K | -32,682 | Closed |
|
55
Nomura Holdings
Tokyo,
Japan
| – | -$161K | -25,000 | Closed |
|
|
LPA
56
Lansdowne Partners Austria
Vienna,
Austria
| – | -$92K | -14,300 | Closed |
|
|
AG
57
Aperio Group
Sausalito,
California
| – | -$77K | -11,924 | Closed |
|
|
TAM
58
Tocqueville Asset Management
New York
| – | -$68K | -10,591 | Closed |
|
59
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -1,449 | Closed |
|
|
MAA
60
Managed Account Advisors
Jersey City,
New Jersey
| – | -$5K | -734 | Closed |
|
|
BFA
61
BlackRock Fund Advisors
San Francisco,
California
| – | -$1K | -193 | Closed |
|
62
Simplex Trading
Chicago,
Illinois
| – | +$148 | +31 | New |
|
NOA Hedge Fund Activity: Q4 2014 in Review
53 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2014, worth a combined $54.5M — down 56% from $123M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NOA and 9 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 14 added.
The largest buyer was FrontFour Capital Group, adding an estimated $2.77M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), exiting entirely with an estimated $16.3M sold.
- 53 institutional investors held North American Construction (NOA) as of Q4 2014, down from 55 in Q3 2014.
- Funds reported $54.5M of North American Construction stock for Q4 2014, down 56% quarter-over-quarter.
- 9 funds opened new North American Construction positions in Q4 2014 and 10 closed out, a net change of -1 holder.
- The largest North American Construction buyer in Q4 2014 was FrontFour Capital Group, an estimated $2.77M added.
- The largest North American Construction seller in Q4 2014 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $16.3M sold.
Based on aggregated 13F filings for Q4 2014.