North American Construction
NOA
65 hedge funds and large institutions have $185M invested in North American Construction in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 13 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
5% more capital invested
Capital invested by funds: $176M → $185M (+$9.05M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.2% less ownership
Funds ownership: 55.53% → 55.33% (-0.2%)
11% less funds holding
Funds holding: 73 → 65 (-8)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$12.1M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.71M |
| 3 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
+$922K |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$598K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$507K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$3.32M |
| 2 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$3.24M |
| 3 |
Renaissance Technologies
New York
|
-$2.35M |
| 4 |
Morgan Stanley
New York
|
-$1.59M |
| 5 |
SIM
Spark Investment Management
New York
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFGS
76
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$2.56K | -230 | Closed |
|
|
FRA
77
Front Row Advisors
Tiburon,
California
| – | -$2.34K | -210 | Closed |
|
78
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$33 | -3 | -25% |
|
NOA Hedge Fund Activity: Q4 2019 in Review
65 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2019, worth a combined $185M — up 5.1% from $176M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NOA and 6 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 22 added.
The largest buyer was Polar Asset Management Partners, adding an estimated $12.1M. The largest seller was Hillsdale Investment Management, cutting an estimated $3.32M.
- 65 institutional investors held North American Construction (NOA) as of Q4 2019, down from 73 in Q3 2019.
- Funds reported $185M of North American Construction stock for Q4 2019, up 5.1% quarter-over-quarter.
- 6 funds opened new North American Construction positions in Q4 2019 and 13 closed out, a net change of -7 holders.
- The largest North American Construction buyer in Q4 2019 was Polar Asset Management Partners, an estimated $12.1M added.
- The largest North American Construction seller in Q4 2019 was Hillsdale Investment Management, an estimated $3.32M sold.
Based on aggregated 13F filings for Q4 2019.