North American Construction
NOA
56 hedge funds and large institutions have $133M invested in North American Construction in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 6 closing their positions.
10% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 21
3.18% less ownership
Funds ownership: 56.44% → 53.26% (-3.2%)
7% less funds holding
Funds holding: 60 → 56 (-4)
18% less capital invested
Capital invested by funds: $163M → $133M (-$30M)
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 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$12.9M |
| 2 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$641K |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$448K |
| 4 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
+$258K |
| 5 |
VEA
Virtus ETF Advisers
New York
|
+$226K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$4.62M |
| 2 |
IP
Invenire Partners
Ridgefield,
Connecticut
|
-$3.38M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.82M |
| 4 |
AI
Acuitas Investments
Seattle,
Washington
|
-$2.22M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
51
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $11.1K | +$6.43K | +575 | +97% |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
53
Simplex Trading
Chicago,
Illinois
| $3K | -$525 | -47 | -11% |
|
54
Osaic Holdings
Scottsdale,
Arizona
| $3K | – | – | – |
|
|
IA
55
IFP Advisors
Tampa,
Florida
| $2K | +$11 | +1 | +2% |
|
|
IP
56
Invenire Partners
Ridgefield,
Connecticut
| – | -$3.38M | -308,270 | Closed |
|
|
RJA
57
Raymond James & Associates
St Petersburg,
Florida
| – | -$247K | -22,371 | Closed |
|
|
HP
58
Highlander Partners
Dallas,
Texas
| – | -$212K | -19,186 | Closed |
|
59
Acadian Asset Management
Boston,
Massachusetts
| – | -$63K | -5,735 | Closed |
|
60
New York State Common Retirement Fund
Albany,
New York
| – | -$24K | -2,184 | Closed |
|
61
JP Morgan Chase
New York
| – | -$15K | -1,327 | Closed |
|
NOA Hedge Fund Activity: Q3 2022 in Review
56 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2022, worth a combined $133M — down 18% from $163M 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 19 added.
The largest buyer was Polar Asset Management Partners, adding an estimated $12.9M. The largest seller was Cannell Capital, cutting an estimated $4.62M.
- 56 institutional investors held North American Construction (NOA) as of Q3 2022, down from 60 in Q2 2022.
- Funds reported $133M of North American Construction stock for Q3 2022, down 18% quarter-over-quarter.
- 2 funds opened new North American Construction positions in Q3 2022 and 6 closed out, a net change of -4 holders.
- The largest North American Construction buyer in Q3 2022 was Polar Asset Management Partners, an estimated $12.9M added.
- The largest North American Construction seller in Q3 2022 was Cannell Capital, an estimated $4.62M sold.
Based on aggregated 13F filings for Q3 2022.