North American Construction
NOA
50 hedge funds and large institutions have $94M invested in North American Construction in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 6 closing their positions.
3% more capital invested
Capital invested by funds: $91.4M → $94M (+$2.55M)
0.12% less ownership
Funds ownership: 49.76% → 49.64% (-0.12%)
9% less funds holding
Funds holding: 55 → 50 (-5)
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Acuitas Investments
Seattle,
Washington
|
+$3.16M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$1.9M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$1.81M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
+$659K |
| 5 |
PCM
Prelude Capital Management
New York
|
+$399K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QI
QV Investors
Calgary,
Alberta, Canada
|
-$884K |
| 2 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$651K |
| 3 |
KJHP
K.J. Harrison & Partners
Toronto,
Ontario, Canada
|
-$573K |
| 4 |
Morgan Stanley
New York
|
-$568K |
| 5 |
Renaissance Technologies
New York
|
-$475K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AI
51
Atom Investors
Austin,
Texas
| – | -$402K | -64,263 | Closed |
|
|
GCA
52
Greenwood Capital Associates
Greenwood,
South Carolina
| – | -$276K | -44,148 | Closed |
|
53
Acadian Asset Management
Boston,
Massachusetts
| – | -$212K | -33,698 | Closed |
|
54
BlackRock
New York
| – | -$44K | -7,047 | Closed |
|
55
Simplex Trading
Chicago,
Illinois
| – | -$17.2K | -2,584 | Closed |
|
NOA Hedge Fund Activity: Q3 2020 in Review
50 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2020, worth a combined $94M — up 2.8% from $91.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NOA and 2 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 18 added.
The largest buyer was Acuitas Investments, opening a new position worth an estimated $3.16M. The largest seller was QV Investors, exiting entirely with an estimated $884K sold.
- 50 institutional investors held North American Construction (NOA) as of Q3 2020, down from 55 in Q2 2020.
- Funds reported $94M of North American Construction stock for Q3 2020, up 2.8% quarter-over-quarter.
- 2 funds opened new North American Construction positions in Q3 2020 and 6 closed out, a net change of -4 holders.
- The largest North American Construction buyer in Q3 2020 was Acuitas Investments, an estimated $3.16M added.
- The largest North American Construction seller in Q3 2020 was QV Investors, an estimated $884K sold.
Based on aggregated 13F filings for Q3 2020.