North American Construction
NOA
81 hedge funds and large institutions have $324M invested in North American Construction in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 31 increasing their positions, 32 reducing their positions, and 10 closing their positions.
1,017% more call options, than puts
Call options by funds: $335K | Put options by funds: $30K
3% less capital invested
Capital invested by funds: $334M → $324M (-$9.81M)
3% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 32
2.32% less ownership
Funds ownership: 64.64% → 62.32% (-2.3%)
6% less funds holding
Funds holding: 86 → 81 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$12.1M |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$9.09M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$5.39M |
| 4 |
CC
Cannell Capital
Alta,
Wyoming
|
+$2.87M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$6.27M |
| 2 |
ACA
AYAL Capital Advisors
Toronto,
Ontario, Canada
|
-$6.13M |
| 3 |
MVP
Medina Value Partners
Los Angeles,
California
|
-$4.82M |
| 4 |
Millennium Management
New York
|
-$3.61M |
| 5 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
-$3.19M |
NOA Hedge Fund Activity: Q3 2024 in Review
81 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in North American Construction (NOA) for Q3 2024, worth a combined $324M — down 2.9% from $334M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NOA and 5 opened new positions — a net loss of 5 holders — while 32 trimmed existing stakes and 31 added.
The largest buyer was Polar Asset Management Partners, adding an estimated $12.1M. The largest seller was Mackenzie Financial, cutting an estimated $6.27M.
- 81 institutional investors held North American Construction (NOA) as of Q3 2024, down from 86 in Q2 2024.
- Funds reported $324M of North American Construction stock for Q3 2024, down 2.9% quarter-over-quarter.
- 5 funds opened new North American Construction positions in Q3 2024 and 10 closed out, a net change of -5 holders.
- The largest North American Construction buyer in Q3 2024 was Polar Asset Management Partners, an estimated $12.1M added.
- The largest North American Construction seller in Q3 2024 was Mackenzie Financial, an estimated $6.27M sold.
Based on aggregated 13F filings for Q3 2024.