North American Construction
NOA
70 hedge funds and large institutions have $206M invested in North American Construction in 2021 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 6 closing their positions.
1,556% more call options, than puts
Call options by funds: $265K | Put options by funds: $16K
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
37% more capital invested
Capital invested by funds: $151M → $206M (+$55.4M)
13% more funds holding
Funds holding: 62 → 70 (+8)
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
3.4% less ownership
Funds ownership: 48.42% → 45.01% (-3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGI
EAM Global Investors
Solana Beach,
California
|
+$3.3M |
| 2 |
Renaissance Technologies
New York
|
+$2.51M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
+$1.69M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$1.54M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$11.1M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.41M |
| 3 |
Goldman Sachs
New York
|
-$2.01M |
| 4 |
Morgan Stanley
New York
|
-$1.59M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$1.45M |
NOA Hedge Fund Activity: Q2 2021 in Review
70 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2021, worth a combined $206M — up 37% from $151M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NOA positions and 6 closed out — a net gain of 8 holders — while 23 added to existing stakes and 21 trimmed.
The largest buyer was EAM Global Investors, opening a new position worth an estimated $3.3M. The largest seller was Polar Asset Management Partners, cutting an estimated $11.1M.
- 70 institutional investors held North American Construction (NOA) as of Q2 2021, up from 62 in Q1 2021.
- Funds reported $206M of North American Construction stock for Q2 2021, up 37% quarter-over-quarter.
- 14 funds opened new North American Construction positions in Q2 2021 and 6 closed out, a net change of +8 holders.
- The largest North American Construction buyer in Q2 2021 was EAM Global Investors, an estimated $3.3M added.
- The largest North American Construction seller in Q2 2021 was Polar Asset Management Partners, an estimated $11.1M sold.
Based on aggregated 13F filings for Q2 2021.