North American Construction
NOA
61 hedge funds and large institutions have $201M invested in North American Construction in 2022 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
51% more capital invested
Capital invested by funds: $133M → $201M (+$67.9M)
9% more funds holding
Funds holding: 56 → 61 (+5)
1.02% more ownership
Funds ownership: 53.26% → 54.28% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less call options, than puts
Call options by funds: $12K | Put options by funds: $13K
23% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$4.42M |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$4.31M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.42M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$617K |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$486K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$5.47M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.8M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$1.61M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.43M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$1.15M |
NOA Hedge Fund Activity: Q4 2022 in Review
61 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2022, worth a combined $201M — up 51% from $133M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NOA positions and 4 closed out — a net gain of 5 holders — while 17 added to existing stakes and 22 trimmed.
The largest buyer was Hillsdale Investment Management, opening a new position worth an estimated $4.42M. The largest seller was Cannell Capital, cutting an estimated $5.47M.
- 61 institutional investors held North American Construction (NOA) as of Q4 2022, up from 56 in Q3 2022.
- Funds reported $201M of North American Construction stock for Q4 2022, up 51% quarter-over-quarter.
- 9 funds opened new North American Construction positions in Q4 2022 and 4 closed out, a net change of +5 holders.
- The largest North American Construction buyer in Q4 2022 was Hillsdale Investment Management, an estimated $4.42M added.
- The largest North American Construction seller in Q4 2022 was Cannell Capital, an estimated $5.47M sold.
Based on aggregated 13F filings for Q4 2022.