North American Construction
NOA
86 hedge funds and large institutions have $334M invested in North American Construction in 2024 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 29 reducing their positions, and 7 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 29
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2.17% less ownership
Funds ownership: 66.81% → 64.64% (-2.2%)
2% less funds holding
Funds holding: 88 → 86 (-2)
16% less capital invested
Capital invested by funds: $399M → $334M (-$65.2M)
62% less call options, than puts
Call options by funds: $56K | Put options by funds: $147K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
AYAL Capital Advisors
Toronto,
Ontario, Canada
|
+$7.96M |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$4.69M |
| 3 |
Morgan Stanley
New York
|
+$4.08M |
| 4 |
Millennium Management
New York
|
+$3.31M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$18.7M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$7.87M |
| 3 |
TPM
Triasima Portfolio Management
Montreal,
Quebec, Canada
|
-$6.27M |
| 4 |
MVP
Medina Value Partners
Los Angeles,
California
|
-$4.56M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.89M |
NOA Hedge Fund Activity: Q2 2024 in Review
86 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2024, worth a combined $334M — down 16% from $399M a quarter earlier.
Fund positioning in NOA was balanced in Q2 2024: 7 funds opened new positions, 7 closed out, 33 added to existing stakes and 29 trimmed.
The largest buyer was AYAL Capital Advisors, opening a new position worth an estimated $7.96M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $18.7M sold.
- 86 institutional investors held North American Construction (NOA) as of Q2 2024, down from 88 in Q1 2024.
- Funds reported $334M of North American Construction stock for Q2 2024, down 16% quarter-over-quarter.
- 7 funds opened new North American Construction positions in Q2 2024 and 7 closed out, a net change of 0 holders.
- The largest North American Construction buyer in Q2 2024 was AYAL Capital Advisors, an estimated $7.96M added.
- The largest North American Construction seller in Q2 2024 was Hillsdale Investment Management, an estimated $18.7M sold.
Based on aggregated 13F filings for Q2 2024.