North American Construction
NOA
94 hedge funds and large institutions have $359M invested in North American Construction in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 37 reducing their positions, and 11 closing their positions.
135% more call options, than puts
Call options by funds: $87K | Put options by funds: $37K
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
3% more funds holding
Funds holding: 91 → 94 (+3)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3.56% less ownership
Funds ownership: 65.3% → 61.74% (-3.6%)
9% less capital invested
Capital invested by funds: $397M → $359M (-$37.6M)
24% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$5.24M |
| 2 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
+$4.13M |
| 3 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$3.87M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
+$2.04M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$15.1M |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$13.4M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.43M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.91M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$1.9M |
NOA Hedge Fund Activity: Q4 2023 in Review
94 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q4 2023, worth a combined $359M — down 9.5% from $397M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NOA positions and 11 closed out — a net gain of 4 holders — while 28 added to existing stakes and 37 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $5.24M. The largest seller was Hillsdale Investment Management, cutting an estimated $15.1M.
- 94 institutional investors held North American Construction (NOA) as of Q4 2023, up from 91 in Q3 2023.
- Funds reported $359M of North American Construction stock for Q4 2023, down 9.5% quarter-over-quarter.
- 15 funds opened new North American Construction positions in Q4 2023 and 11 closed out, a net change of +4 holders.
- The largest North American Construction buyer in Q4 2023 was Polar Asset Management Partners, an estimated $5.24M added.
- The largest North American Construction seller in Q4 2023 was Hillsdale Investment Management, an estimated $15.1M sold.
Based on aggregated 13F filings for Q4 2023.