North American Construction
NOA
85 hedge funds and large institutions have $315M invested in North American Construction in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 5 closing their positions.
838% more call options, than puts
Call options by funds: $75K | Put options by funds: $8K
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
43% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 21
19% more capital invested
Capital invested by funds: $265M → $315M (+$49.5M)
16% more funds holding
Funds holding: 73 → 85 (+12)
1.4% more ownership
Funds ownership: 57.13% → 58.54% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TPM
Triasima Portfolio Management
Montreal,
Quebec, Canada
|
+$5.81M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$3.15M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$3.09M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.95M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$9.83M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.35M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
-$1.74M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$1.29M |
| 5 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
-$1.2M |
NOA Hedge Fund Activity: Q2 2023 in Review
85 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2023, worth a combined $315M — up 19% from $265M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NOA positions and 5 closed out — a net gain of 12 holders — while 30 added to existing stakes and 21 trimmed.
The largest buyer was Triasima Portfolio Management, adding an estimated $5.81M. The largest seller was Polar Asset Management Partners, cutting an estimated $9.83M.
- 85 institutional investors held North American Construction (NOA) as of Q2 2023, up from 73 in Q1 2023.
- Funds reported $315M of North American Construction stock for Q2 2023, up 19% quarter-over-quarter.
- 17 funds opened new North American Construction positions in Q2 2023 and 5 closed out, a net change of +12 holders.
- The largest North American Construction buyer in Q2 2023 was Triasima Portfolio Management, an estimated $5.81M added.
- The largest North American Construction seller in Q2 2023 was Polar Asset Management Partners, an estimated $9.83M sold.
Based on aggregated 13F filings for Q2 2023.