North American Construction
NOA
56 hedge funds and large institutions have $144M invested in North American Construction in 2020 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
54% more capital invested
Capital invested by funds: $94M → $144M (+$50.3M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
12% more funds holding
Funds holding: 50 → 56 (+6)
0.39% more ownership
Funds ownership: 49.64% → 50.03% (+0.39%)
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$5.96M |
| 2 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$5.59M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$5.49M |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$2.48M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$7.95M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$3.93M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
-$2.03M |
| 4 |
CP
Cumberland Partners
Toronto,
Ontario, Canada
|
-$1.27M |
| 5 |
KJHP
K.J. Harrison & Partners
Toronto,
Ontario, Canada
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| $13K | +$53 | +6 | +0.5% |
|
|
FDCDDQ
52
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $5.78K | – | – | – |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $5K | -$1.26K | -144 | -21% |
|
54
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $4K | – | – | – |
|
55
Osaic Holdings
Scottsdale,
Arizona
| $2K | – | – | – |
|
|
56
Invesco
Atlanta,
Georgia
| – | -$3.93M | -604,266 | Closed |
|
|
PGCM
57
Prescott Group Capital Management
Tulsa,
Oklahoma
| – | -$146K | -22,502 | Closed |
|
58
TD Asset Management
Toronto,
Ontario, Canada
| – | -$128K | -19,664 | Closed |
|
59
Two Sigma Advisers
New York
| – | -$111K | -17,100 | Closed |
|
60
D.E. Shaw & Co
New York
| – | -$83K | -12,700 | Closed |
|
|
NEI
61
Northwest & Ethical Investments
Toronto,
Ontario, Canada
| – | -$5.63K | -865 | Closed |
|
NOA Hedge Fund Activity: Q4 2020 in Review
56 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2020, worth a combined $144M — up 54% from $94M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NOA positions and 6 closed out — a net gain of 7 holders — while 13 added to existing stakes and 20 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $5.96M. The largest seller was Polar Asset Management Partners, cutting an estimated $7.95M.
- 56 institutional investors held North American Construction (NOA) as of Q4 2020, up from 50 in Q3 2020.
- Funds reported $144M of North American Construction stock for Q4 2020, up 54% quarter-over-quarter.
- 13 funds opened new North American Construction positions in Q4 2020 and 6 closed out, a net change of +7 holders.
- The largest North American Construction buyer in Q4 2020 was Fiera Capital (Canada), an estimated $5.96M added.
- The largest North American Construction seller in Q4 2020 was Polar Asset Management Partners, an estimated $7.95M sold.
Based on aggregated 13F filings for Q4 2020.