North American Construction
NOA
60 hedge funds and large institutions have $178M invested in North American Construction in 2022 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 15 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
6.3% more ownership
Funds ownership: 50.14% → 56.44% (+6.3%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
12% less funds holding
Funds holding: 68 → 60 (-8)
19% less capital invested
Capital invested by funds: $219M → $178M (-$41.1M)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$15.7M |
| 2 |
CC
Cannell Capital
Alta,
Wyoming
|
+$2.73M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.01M |
| 4 |
DWM
Dorchester Wealth Management
Montreal,
Quebec, Canada
|
+$1.31M |
| 5 |
RG
Renaissance Group
Covington,
Kentucky
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TPM
Triasima Portfolio Management
Montreal,
Quebec, Canada
|
-$3.19M |
| 2 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$2.84M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.78M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$2.1M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$1M |
NOA Hedge Fund Activity: Q2 2022 in Review
60 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q2 2022, worth a combined $178M — down 19% from $219M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NOA and 7 opened new positions — a net loss of 8 holders — while 20 trimmed existing stakes and 22 added.
The largest buyer was Bank of Montreal, adding an estimated $15.7M. The largest seller was Triasima Portfolio Management, exiting entirely with an estimated $3.19M sold.
- 60 institutional investors held North American Construction (NOA) as of Q2 2022, down from 68 in Q1 2022.
- Funds reported $178M of North American Construction stock for Q2 2022, down 19% quarter-over-quarter.
- 7 funds opened new North American Construction positions in Q2 2022 and 15 closed out, a net change of -8 holders.
- The largest North American Construction buyer in Q2 2022 was Bank of Montreal, an estimated $15.7M added.
- The largest North American Construction seller in Q2 2022 was Triasima Portfolio Management, an estimated $3.19M sold.
Based on aggregated 13F filings for Q2 2022.