North American Construction
NOA
91 hedge funds and large institutions have $397M invested in North American Construction in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 8 closing their positions.
191% more call options, than puts
Call options by funds: $440K | Put options by funds: $151K
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
57% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 23
26% more capital invested
Capital invested by funds: $315M → $397M (+$82M)
7% more funds holding
Funds holding: 85 → 91 (+6)
6.77% more ownership
Funds ownership: 58.54% → 65.3% (+6.8%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$23M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$6.2M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$5.17M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$3.72M |
| 5 |
Millennium Management
New York
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$7.08M |
| 2 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$6.43M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$3.99M |
| 4 |
CP
Cumberland Partners
Toronto,
Ontario, Canada
|
-$1.27M |
| 5 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
-$1.22M |
NOA Hedge Fund Activity: Q3 2023 in Review
91 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2023, worth a combined $397M — up 26% from $315M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NOA positions and 8 closed out — a net gain of 7 holders — while 36 added to existing stakes and 23 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $23M. The largest seller was Cannell Capital, cutting an estimated $7.08M.
- 91 institutional investors held North American Construction (NOA) as of Q3 2023, up from 85 in Q2 2023.
- Funds reported $397M of North American Construction stock for Q3 2023, up 26% quarter-over-quarter.
- 15 funds opened new North American Construction positions in Q3 2023 and 8 closed out, a net change of +7 holders.
- The largest North American Construction buyer in Q3 2023 was Fidelity International, an estimated $23M added.
- The largest North American Construction seller in Q3 2023 was Cannell Capital, an estimated $7.08M sold.
Based on aggregated 13F filings for Q3 2023.