North American Construction
NOA
62 hedge funds and large institutions have $151M invested in North American Construction in 2021 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
38% more call options, than puts
Call options by funds: $11K | Put options by funds: $8K
11% more funds holding
Funds holding: 56 → 62 (+6)
4% more capital invested
Capital invested by funds: $144M → $151M (+$6.28M)
1.61% less ownership
Funds ownership: 50.03% → 48.42% (-1.6%)
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$3.84M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$1.57M |
| 3 |
Goldman Sachs
New York
|
+$1.54M |
| 4 |
Morgan Stanley
New York
|
+$1.49M |
| 5 |
Renaissance Technologies
New York
|
+$914K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$8.13M |
| 2 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$3.84M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.66M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$1.92M |
| 5 |
AI
Acuitas Investments
Seattle,
Washington
|
-$1.61M |
NOA Hedge Fund Activity: Q1 2021 in Review
62 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q1 2021, worth a combined $151M — up 4.4% from $144M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NOA positions and 2 closed out — a net gain of 6 holders — while 19 added to existing stakes and 25 trimmed.
The largest buyer was Mackenzie Financial, adding an estimated $3.84M. The largest seller was Polar Asset Management Partners, cutting an estimated $8.13M.
- 62 institutional investors held North American Construction (NOA) as of Q1 2021, up from 56 in Q4 2020.
- Funds reported $151M of North American Construction stock for Q1 2021, up 4.4% quarter-over-quarter.
- 8 funds opened new North American Construction positions in Q1 2021 and 2 closed out, a net change of +6 holders.
- The largest North American Construction buyer in Q1 2021 was Mackenzie Financial, an estimated $3.84M added.
- The largest North American Construction seller in Q1 2021 was Polar Asset Management Partners, an estimated $8.13M sold.
Based on aggregated 13F filings for Q1 2021.