North American Construction
NOA
88 hedge funds and large institutions have $399M invested in North American Construction in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 33 reducing their positions, and 15 closing their positions.
71% more call options, than puts
Call options by funds: $180K | Put options by funds: $105K
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
11% more capital invested
Capital invested by funds: $359M → $399M (+$40.1M)
5.07% more ownership
Funds ownership: 61.74% → 66.81% (+5.1%)
3% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 33
6% less funds holding
Funds holding: 94 → 88 (-6)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$17.9M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$13M |
| 3 |
MVP
Medina Value Partners
Los Angeles,
California
|
+$11M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$6.82M |
| 5 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
+$4.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$19.3M |
| 2 |
ACA
AYAL Capital Advisors
Toronto,
Ontario, Canada
|
-$5.25M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$4.73M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$3.82M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Simplex Trading
Chicago,
Illinois
| – | -$16.5K | -708 | Closed |
|
102
New York State Common Retirement Fund
Albany,
New York
| – | -$7.01K | -336 | Closed |
|
|
NA
103
NewEdge Advisors
New Orleans,
Louisiana
| – | -$6.49K | -311 | Closed |
|
NOA Hedge Fund Activity: Q1 2024 in Review
88 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q1 2024, worth a combined $399M — up 11% from $359M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NOA and 9 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 32 added.
The largest buyer was CIBC Asset Management, adding an estimated $17.9M. The largest seller was Fidelity International, exiting entirely with an estimated $19.3M sold.
- 88 institutional investors held North American Construction (NOA) as of Q1 2024, down from 94 in Q4 2023.
- Funds reported $399M of North American Construction stock for Q1 2024, up 11% quarter-over-quarter.
- 9 funds opened new North American Construction positions in Q1 2024 and 15 closed out, a net change of -6 holders.
- The largest North American Construction buyer in Q1 2024 was CIBC Asset Management, an estimated $17.9M added.
- The largest North American Construction seller in Q1 2024 was Fidelity International, an estimated $19.3M sold.
Based on aggregated 13F filings for Q1 2024.