North American Construction
NOA
67 hedge funds and large institutions have $226M invested in North American Construction in 2021 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 6 closing their positions.
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)
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
18% more capital invested
Capital invested by funds: $191M → $226M (+$34.4M)
14% more funds holding
Funds holding: 59 → 67 (+8)
5.9% more ownership
Funds ownership: 46.2% → 52.11% (+5.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$8.1M |
| 2 |
KJHP
K.J. Harrison & Partners
Toronto,
Ontario, Canada
|
+$2.6M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.7M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$1.6M |
| 5 |
CC
Cannell Capital
Alta,
Wyoming
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$1.35M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$1.07M |
| 3 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
-$997K |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$597K |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$330K |
NOA Hedge Fund Activity: Q4 2021 in Review
67 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2021, worth a combined $226M — up 18% from $191M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NOA positions and 6 closed out — a net gain of 8 holders — while 21 added to existing stakes and 17 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $8.1M. The largest seller was Renaissance Technologies, cutting an estimated $1.35M.
- 67 institutional investors held North American Construction (NOA) as of Q4 2021, up from 59 in Q3 2021.
- Funds reported $226M of North American Construction stock for Q4 2021, up 18% quarter-over-quarter.
- 14 funds opened new North American Construction positions in Q4 2021 and 6 closed out, a net change of +8 holders.
- The largest North American Construction buyer in Q4 2021 was Polar Asset Management Partners, an estimated $8.1M added.
- The largest North American Construction seller in Q4 2021 was Renaissance Technologies, an estimated $1.35M sold.
Based on aggregated 13F filings for Q4 2021.