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NOA

North American Construction
NOA

91 hedge funds and large institutions have $397M invested in North American Construction in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more call options, than puts

Call options by funds: $440K | Put options by funds: $151K

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

57% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 23

26% more capital invested

Capital invested by funds: $315M → $397M (+$82M)

7% more funds holding

Funds holding: 85 → 91 (+6)

6.77% more ownership

Funds ownership: 58.54% → 65.3% (+6.8%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
91
Holders Change
+6
Holders Change %
+7.06%
% of All Funds
1.44%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
15
Increased
36
Reduced
23
Closed
8
Calls
$440K
Puts
$151K
Net Calls
+$289K
Net Calls Change
+$222K

Top Buyers

Rank Fund Capital Flow
1
Fidelity International
Fidelity International
Bermuda
+$23M
2
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$6.2M
3
QC
Quadrature Capital
United Kingdom
+$5.17M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$3.72M
5
Millennium Management
Millennium Management
New York
+$3.08M

Top Sellers

Rank Fund Capital Flow
1
CC
Cannell Capital
Wyoming
-$7.08M
2
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$6.43M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$3.99M
4
CP
Cumberland Partners
Ontario, Canada
-$1.27M
5
CAM
Claret Asset Management
Quebec, Canada
-$1.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCIA
51
Campbell & Co Investment Adviser
Maryland
$651K +$137K +6,070 +25%
OSAM
52
O'Shaughnessy Asset Management
Connecticut
$644K -$3.55K -157 -0.5%
FCH
53
Freestone Capital Holdings
Washington
$597K – – –
PCM
54
PenderFund Capital Management
British Columbia, Canada
$586K – – –
KFP
55
KB Financial Partners
New Jersey
$580K +$1.02K +45 +0.2%
OIA
56
OneDigital Investment Advisors
Kansas
$580K +$1.02K +45 +0.2%
CHAM
57
Clear Harbor Asset Management
Connecticut
$535K -$22.6K -1,000 -4%
TD Asset Management
58
TD Asset Management
Ontario, Canada
$499K +$518K +22,937 New
TC
59
Tacita Capital
Ontario, Canada
$484K +$503K +22,260 New
CSS
60
Cubist Systematic Strategies
Connecticut
$440K +$138K +6,126 +43%
Russell Investments Group
61
Russell Investments Group
United Kingdom
$435K +$61.6K +2,729 +16%
Vanguard Group
62
Vanguard Group
Pennsylvania
$376K +$61.1K +2,705 +18%
Legal & General Group
63
Legal & General Group
United Kingdom
$376K – – –
Geode Capital Management
64
Geode Capital Management
Massachusetts
$375K +$360K +15,953 New
UBS Group
65
UBS Group
Switzerland
$340K +$55.2K +2,445 +19%
RJFSA
66
Raymond James Financial Services Advisors
Florida
$334K -$22.5K -998 -6%
Tudor Investment Corp
67
Tudor Investment Corp
Connecticut
$302K +$314K +13,909 New
TP
68
Tranquility Partners
Tennessee
$298K -$2.15K -95 -0.7%
SI
69
Stephens Inc
Arkansas
$286K +$294 +13 +0.1%
Toronto Dominion Bank
70
Toronto Dominion Bank
Ontario, Canada
$264K -$14K -619 -5%
New York State Common Retirement Fund
71
New York State Common Retirement Fund
New York
$194K +$89.9K +3,980 +80%
Macquarie Group
72
Macquarie Group
Australia
$166K +$63.8K +2,827 +59%
BNP Paribas Financial Markets
73
BNP Paribas Financial Markets
France
$147K +$153K +6,761 New
Barclays
74
Barclays
United Kingdom
$108K +$1.2K +53 +1%
Zurich Cantonal Bank
75
Zurich Cantonal Bank
Switzerland
$103K – – –
1 2
3
4

NOA Hedge Fund Activity: Q3 2023 in Review

91 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2023, worth a combined $397M — up 26% from $315M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NOA positions and 8 closed out — a net gain of 7 holders — while 36 added to existing stakes and 23 trimmed.

The largest buyer was Fidelity International, opening a new position worth an estimated $23M. The largest seller was Cannell Capital, cutting an estimated $7.08M.

  • 91 institutional investors held North American Construction (NOA) as of Q3 2023, up from 85 in Q2 2023.
  • Funds reported $397M of North American Construction stock for Q3 2023, up 26% quarter-over-quarter.
  • 15 funds opened new North American Construction positions in Q3 2023 and 8 closed out, a net change of +7 holders.
  • The largest North American Construction buyer in Q3 2023 was Fidelity International, an estimated $23M added.
  • The largest North American Construction seller in Q3 2023 was Cannell Capital, an estimated $7.08M sold.

Based on aggregated 13F filings for Q3 2023.