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NOA

North American Construction

36 hedge funds and large institutions have $82.6M invested in North American Construction in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

72% more capital invested

Capital invested by funds: $47.9M → $82.6M (+$34.7M)

57% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 7

24% more funds holding

Funds holding: 2936 (+7)

22.71% more ownership

Funds ownership: 32.29%54.99% (+23%)

Holders
36
Holders Change
+7
Holders Change %
+24.14%
% of All Funds
0.82%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
11
Increased
11
Reduced
7
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CC
1
Cannell Capital
Wyoming
$18.1M +$18.6M +3,034,168 New
CAM
2
Claret Asset Management
Quebec, Canada
$15M +$839K +137,175 +6%
Invesco
3
Invesco
Georgia
$6.73M -$3.8M -621,542 -35%
Renaissance Technologies
4
Renaissance Technologies
New York
$6.21M +$365K +59,680 +6%
Acadian Asset Management
5
Acadian Asset Management
Massachusetts
$6.19M -$298K -48,675 -4%
CP
6
Cumberland Partners
Ontario, Canada
$5.05M +$5.18M +847,500 New
SCM
7
Signia Capital Management
Washington
$4.9M +$5.03M +822,998 New
HIM
8
Hillsdale Investment Management
Ontario, Canada
$3.53M +$971K +158,700 +36%
PGIM
9
Pacific Global Investment Management
California
$2.73M +$1.69M +275,900 +151%
KJHP
10
K.J. Harrison & Partners
Ontario, Canada
$2.04M +$17.7K +2,900 +0.8%
Morgan Stanley
11
Morgan Stanley
New York
$2.03M -$531K -86,789 -20%
IIM
12
Intact Investment Management
Quebec, Canada
$1.87M
Deutsche Bank
13
Deutsche Bank
Germany
$1.73M +$74.7K +12,208 +4%
RA
14
Royce & Associates
New York
$1.43M +$23.1K +3,783 +2%
AL
15
AJO LP
Pennsylvania
$837K -$21.4K -3,500 -2%
SIM
16
Spark Investment Management
New York
$808K +$339K +55,400 +68%
JP Morgan Chase
17
JP Morgan Chase
New York
$740K +$291K +47,645 +62%
BFM
18
Boothbay Fund Management
New York
$712K +$732K +119,679 New
WCM
19
Wedge Capital Management
North Carolina
$445K
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$383K +$24.1K +3,948 +7%
COPPSERS
21
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$232K
Millennium Management
22
Millennium Management
New York
$187K +$58.7K +9,593 +44%
FCH
23
Freestone Capital Holdings
Washington
$164K +$168K +27,500 New
Russell Investments Group
24
Russell Investments Group
United Kingdom
$145K +$150K +24,530 New
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$129K

NOA Hedge Fund Activity: Q2 2018 in Review

36 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2018, worth a combined $82.6M — up 72% from $47.9M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NOA positions and 4 closed out — a net gain of 7 holders — while 11 added to existing stakes and 7 trimmed.

The largest buyer was Cannell Capital, opening a new position worth an estimated $18.6M. The largest seller was Invesco, cutting an estimated $3.8M.

  • 36 institutional investors held North American Construction (NOA) as of Q2 2018, up from 29 in Q1 2018.
  • Funds reported $82.6M of North American Construction stock for Q2 2018, up 72% quarter-over-quarter.
  • 11 funds opened new North American Construction positions in Q2 2018 and 4 closed out, a net change of +7 holders.
  • The largest North American Construction buyer in Q2 2018 was Cannell Capital, an estimated $18.6M added.
  • The largest North American Construction seller in Q2 2018 was Invesco, an estimated $3.8M sold.

Based on aggregated 13F filings for Q2 2018.