North American Construction
NOA
73 hedge funds and large institutions have $176M invested in North American Construction in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 24 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
88% more call options, than puts
Call options by funds: $636K | Put options by funds: $338K
12% more funds holding
Funds holding: 65 → 73 (+8)
6% more capital invested
Capital invested by funds: $166M → $176M (+$10M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
8% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 24
5.08% less ownership
Funds ownership: 60.61% → 55.53% (-5.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$6.28M |
| 2 |
AI
Atom Investors
Austin,
Texas
|
+$2.67M |
| 3 |
Morgan Stanley
New York
|
+$2.13M |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$1.89M |
| 5 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
+$834K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$9.18M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.17M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
-$3M |
| 4 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
-$1.16M |
| 5 |
SIM
Spark Investment Management
New York
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$2.08K | -182 | -94% |
|
NOA Hedge Fund Activity: Q3 2019 in Review
73 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2019, worth a combined $176M — up 6.1% from $166M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NOA positions and 4 closed out — a net gain of 8 holders — while 22 added to existing stakes and 24 trimmed.
The largest buyer was Hillsdale Investment Management, adding an estimated $6.28M. The largest seller was Polar Asset Management Partners, cutting an estimated $9.18M.
- 73 institutional investors held North American Construction (NOA) as of Q3 2019, up from 65 in Q2 2019.
- Funds reported $176M of North American Construction stock for Q3 2019, up 6.1% quarter-over-quarter.
- 12 funds opened new North American Construction positions in Q3 2019 and 4 closed out, a net change of +8 holders.
- The largest North American Construction buyer in Q3 2019 was Hillsdale Investment Management, an estimated $6.28M added.
- The largest North American Construction seller in Q3 2019 was Polar Asset Management Partners, an estimated $9.18M sold.
Based on aggregated 13F filings for Q3 2019.