North American Construction
NOA
38 hedge funds and large institutions have $133M invested in North American Construction in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 8 closing their positions.
30% more capital invested
Capital invested by funds: $103M → $133M (+$30.4M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
2.02% more ownership
Funds ownership: 65.23% → 67.24% (+2%)
16% less funds holding
Funds holding: 45 → 38 (-7)
38% less call options, than puts
Call options by funds: $8K | Put options by funds: $13K
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$3.19M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.32M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
+$1.18M |
| 4 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
+$739K |
| 5 |
CCPM
Cooper Creek Partners Management
New York
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PGIM
Pacific Global Investment Management
Glendale,
California
|
-$2.14M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$419K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$179K |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$177K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$153K |
NOA Hedge Fund Activity: Q3 2013 in Review
38 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2013, worth a combined $133M — up 30% from $103M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NOA and 3 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 15 added.
The largest buyer was Brookfield Corp, adding an estimated $3.19M. The largest seller was Pacific Global Investment Management, cutting an estimated $2.14M.
- 38 institutional investors held North American Construction (NOA) as of Q3 2013, down from 45 in Q2 2013.
- Funds reported $133M of North American Construction stock for Q3 2013, up 30% quarter-over-quarter.
- 3 funds opened new North American Construction positions in Q3 2013 and 8 closed out, a net change of -5 holders.
- The largest North American Construction buyer in Q3 2013 was Brookfield Corp, an estimated $3.19M added.
- The largest North American Construction seller in Q3 2013 was Pacific Global Investment Management, an estimated $2.14M sold.
Based on aggregated 13F filings for Q3 2013.